Yesterday's D1 period fell below previous resistance levels and today's is struggling to hold support. Closing above the green line would indicate a push to 3500, closing below the red line would indicate a drop towards 3k. I don't see us hovering in between; if we do it'll be dependent on whichever side of the dashed line (resistance/support) we end on. FYI....
Not really sure if this count towards a cup&handle outbreak; maybe I'm just stretching this one a bit. Dashed lines indicate major support/resistance trendlines. Closing the day above 3200 would be a good (bullish) sign for the week to come.
Nice double bottom off 200EMA to get us back on track for 3500. Either we cup&handle here or just push back to major trendline.
Looks like we broke trendline; W1 MACD reverted back to a sell signal and the momentum hasn't ended yet. Let's hope this is just a market correction and not a reversal sign. I could see us dropping as low as 2800 if we blow past 200EMA support. In contrary, a good push here could develop into a double-bottom if all goes well.
W1 MACD finally crossed over to a buy signal. If we can stay above this trendline, I'd say we'll hit 3400 in the next day or two.
Two critical events took place in crypto this morning; the $1 trillion infrastructure bill passed the Senate and a $600M hack occurred on DeFi platform Poly Network. So how will this affect crypto? In terms of the bill, I see little changes within the next 1-2 months as the House will take some time to accept the bill (if accepted). Long-term (end of year), we...
Looks like we got a nice double bottom around 2900. Assume a bit of sideways action until the push to 3500. First "real" 3k support test about to kick in.
Finally got that 200EMA touch off. D1 chart posed to hit 3500, but I'd like to see a bit more correction beforehand. I believe we can safely hit 2950 range while keeping this bullish momentum; consider this as 3k support.
Nice push to 3k but I wouldn't call it support yet. Look for one more touch off the major trendline (200EMA) before we solidify this next footing.
2850 resistance looks strong but this MACD looks stronger. If we can get a good push here I'd say 3; as of now I see us bouncing within the highlighted area until EOW.
It's a great day to be an $eth holder! With the integration of EIP-1559, we are one (giant) step closer towards a PoS consensus and the hopes of a deflationary supply. With that said, I'm looking at a potential step/stair pattern with heavy resistance around 2850. FOMO could push us to 3 but we should air out the bears first.
Managed to find the block for EIP-1559 countdown since my dumbass thought it was today. Not really much to post here, I think we clear 2700 once this update drops; perhaps just a flip from resistance to support in the meantime. (can't link block since I'm on free version)
Well we finally got that correction which is a good sign considering tomorrow's expected release of EIP-1559. I'm looking for a something of a double-bottom off 200EMA (H1). Then the fun begins.
Looks like we could breakout to 2700 soon. MACD looks primed, it's only a matter of time.
First major resistance kicking in around 2600. If a correction happens at this point I don't see us going any lower than 2300. Perhaps just a drop to 200EMA levels.
Very solid momentum lately but I'm still waiting on a final correction (~2150) before the real push; could form a nice cup and handle setup. A breakout from this double bottom (~2700) would be a strong counter-signal.
The breakout happened and we're back to EMA levels; still under the impression we drop to ~2200 before the run back up.
Look for a market correction to 2100-2200 before August; ideal for maintaining the demand of $eth, pre-EIP 1559.