Resistance holding in at the trend average; H4 MACD leaning towards another dip to continue this sideways action. Current support at ~4200 with a low of 4000. Higher lows could generate an ascending triangle pattern to break us out if resistance holds at ~4300 (versus average). I'd expect this to occur sometime EOM.
Heavy buy volume to force daily chaikin and MACD back towards zero line; expect resistance at the highlighted average if we continue this momentum. Estimated trend based on H4 indications. Orange zone indicates potential low if we continue towards weekly convergence.
I'm expecting further correction ahead; first support at 3950 followed by the lower trend average. If we break LTA the price could continue to drop to 3600. Based on a previous correction in September, $ETH dropped nearly $1000 before bulls took over. Assuming a high of ~4750 before the daily chaikin crossover would put us around 3750 (LTA). Factoring in weekly...
Another market dip sent $ETH below trend average, flipping the zone from support to resistance. Further correction potentially ahead as momentum could force weekly crossover sooner than expected. Newfound support currently at previous short-term cycle ATH; a hold here could set in another cycle. I'm expecting ~4500 EOM.
Big drop to continue the daily correction. Price holding well at the given average as we attempt to push back to mid 4k. H4 200EMA currently at average which is a good sign. Short-term trend cycle officially ended off the breakout below LT so watch for LT as a main resistance zone. If we dip below average I expect support at 3950. Heavy dips normally occur after...
Slight adjustment to short-term trendlines; seems we could either double-bottom off LT or drop to the average. Price action looks bearish imo.
Sell signal in full effect as bulls are unable to break resistance at long-term UTA. Support at short-term LTA looks to be non-existent with next expected support at LT (~4450), then 'expected average' (H4 200EMA). Based on 11/12 prediction, we may see a few weeks of sideways action to help sustain until the next daily divergence period; this would take place...
Support held in well at short-term LTA; daily MACD has officially crossed over zero line. H4 MACD nearing convergence as we look to break out of what seems to be a slight double-bottom. Expected resistance at long-term UTA (~4700).
Bulls able to hold at short-term LTA as H4 MACD rounds back towards a buy signal. Current daily divergence has initiated again but we could still close in the green. Based on the fact that growth's been pretty steady lately, I'm expecting 1-2 weeks of sideways action during this 'correction' phase. If we close daily above the zero line, price action will likely...
Nice recovery to keep us above the upper trend average after hitting a low at the short-term LTA. Bulls continue to keep daily MACD above the zero line as we look to push to 5k; a hold here could negate a divergence period altogether. If we dip further, expect the first support zone to be around 4500 (short-term LTA), followed by 4250 (expected average). PS. If...
New $ETH ATH and another test against the short-term upper trend limit. Good hold so far at short-term UTA; long-term UTA is the first major support imo however the two are currently within close proximity (~4700). A breakout to long-term UT is estimated to put us near 5150 if 5k isn't a ghost wall.
Bulls unable to break resistance at the short-term upper trend limit, forcing $ETH ATH just shy of 4850. H4 MACD and Chaikin moving back towards crossover range with expected support at the long-term upper trend average (~4650). A dip below long-term UTA could send us as low as the 'expected average' if indicators trigger and short-term LTA (~4500) doesn't...
$ETH continues to push towards new ATHs as we begin approach the upper trend limit of this short-term cycle. A breakout here would likely push us to 5k+ with expected resistance along the long-term upper trend (~5100). First major support zone is expected at the long-term upper trend average (~4650).
Daily MACD gets denied once again as H4 Chaikin crossover on ADL triggers a buy signal. Bulls seem to want another test at flipping this major resistance zone (UTA); a successful breakout could send us as high as 5k (~5100). My original prediction was further dip from here and I still believe this is the best case scenario as we near the EOY.
Daily MACD on the verge of crossing; continuation of this step-like pattern would provide a nice transition until the next divergence. My hopium prediction is further correction to around 4250, followed by 1-2 weeks of sideways action between the UTA and EA. On an extreme note we could drop as low as 3000-3300 but I'll save that thought for another time. From a...
Forgot I had auto-save off and lost all my drawings/modifications from the past week. Had to double-check everything so there may be slight differences. Decided to add in the Chaikin Oscillator to gauge how far of a dip the daily to weekly MACD crossover could cause; better use once transition occurs but wanted to introduce it now. The sideways action...
Dipped back below support/resistance marker; unfortunate but we didn't really breakout as expected. IMO it would take a bit of a miracle to hit 5k during this cycle now. I believe we can minimize the damage of this MACD crossover through a week or two of sideways action. This may require further correction (~4300). In the meantime I'll be focusing on alts, if...
Big breakout for $eth as we push into the final stage of this cycle; bulls looking to flip resistance here to solidify new support once correction sets in. Daily and weekly MACDs slightly diverging to accommodate for a pump to 5k. I believe there's a high chance of this happening based on recent momentum. Expect increased volatility within the next few...