Considering the possibility that ETH has found nice support around 580, it may be possible that the price is looking for an upside break, and has been forming a bullish flag till then. On the other hand, if the wall cannot be broken within a few hours a retest of the lower support levels would be on the way... Just saying, watch closely.
Obviously, our rising corridor has been breached a few hours ago. ETH is still flowing down the descending channel that was launched early May. I think that if ETH cannot find support at one of those 3 support lines in red, we can expect it to reach the lower border around $450 (which I think is unlikely). Nevertheless, the scenario with my highest priority...
Hi everyone, I happened to notice a newly forming upward corridor between the 2 blue lines. The last run from the mid 590s up to the upper 820s violently broke the previously set resistance around 612. I guess is that the price will now be consolidating towards the purple disc before the next move. I hope this idea works and gives you even better ones. All...
Hi all, You shoud have probably already noticed that ETH is in downtrend. A new descending corridor has been forming (denoted in red dashed line). The green arrows are just an imaginary trajectory, for my own study. Thumb-up's are welcome.... Take care.
Hi Everyone. In a previous post, I mentioned how ETH was struggling when approaching the horizontal top resistance in black; and soon the correction started. Now a descending triangle is forming and a critical junction is waiting for us, specified in the picture as a yellow disc. My wish is an upward break, but apparently ETH is running out of stamina...
A strong downward resistance trendline has formed and is putting ETH under bearish pressure. For traders, is it going to be the "red pill" or the "blue pill"?? If the ascending channel in orange holds, the there is nothing to worry. Otherwise, I don't like giving numbers but I think we may see a pullback down to the next strong support located around the 600...
In my previous chart (see: posting "ETH in struggle???"), I was able to predict a pullback from a resistance around 800. ETH did a bit better than I thought and reached 840. Anyway, if the newly formed double bottom holds, according to the previously tested resistance around $840, my guess is that our precious ETH will be waving inside a rising triangle as seen...
Hi everyone, Nice ascending corridor has formed since early April. ETH has been a good boy and is traveing nicely in that area towards a new ATH. However, it looks like the 800-level is a tough one. Pullback might be one the way. Beware!!
We possibly have reached a frontier line, which turns out to be a downtrend. Possible direction as prescribed, maybe??
Now that our contracting triangle is broken (in blue), it looks like our precious ETH has entered and been forming a new descending channel (in orange). We'll see how long it'll last... Good luck to all..
You should have noticed already that ETH is struggling in a tightening triangle. Well, we can expect some "crack" in the upcoming hours. Up or Down???
Guys, this is just an idea. I notices that the last few waves might be having this critical property. What happens next?? Well, it's a coin flip 50/50 up or down.