Ethereum Crack
Updated
"Aliens, an advanced species that have seen hundreds of stars and a few black holes throughout their lifetime, have made contact with humans sending encrypted data. They are masters in the study of the elastic property of TIME throughout the Universe (relative to Gravity), and they are trying to send a message to prove us all, not that time is a construct in the fabric of the Universe, but that they in fact exist, and they are indeed... Intelligence."
Trying to crack the code in this splash of wonder I must emphasize that the most relevant element in the whole data set, might be the Blue Curve. For any bulls, I believe this is an important function to cross over, and even though after crossing over the price might still slide lower along it, for lower lows, there is also another prospect of a push towards Level 1 which, again, for the bulls, could be quite important if reached, as it can sustain heavy resistance on the price, of such magnitude that the market can weaken to the point of sliding towards level 2. Potential Support zone. 3 and 4 are intermediary, but not to be ignored as they can provide relevant price action several times if the estimations are correct.
The 2 small curves purple and green are also potential support/resistance functions, while the rectangles in this case can act more like milestones as it is possible that the price might want to avoid them up and down like in an obstacle course. If not successful in such journey attempt, they too might become support and resistance areas.
Again for the bulls, watch out for the blue curve, and if broken, maybe better to wait for signs of an impulse (low_) correction (higher low_) and a potential push for a higher high.
For the bears, this design doesn't predict any bold aggressive downturns, maybe just a balanced descent between the blue and the big purple. Watch out for the price action and the relevant events at the elements if you want to Crack the code, if there even is one...
Trying to crack the code in this splash of wonder I must emphasize that the most relevant element in the whole data set, might be the Blue Curve. For any bulls, I believe this is an important function to cross over, and even though after crossing over the price might still slide lower along it, for lower lows, there is also another prospect of a push towards Level 1 which, again, for the bulls, could be quite important if reached, as it can sustain heavy resistance on the price, of such magnitude that the market can weaken to the point of sliding towards level 2. Potential Support zone. 3 and 4 are intermediary, but not to be ignored as they can provide relevant price action several times if the estimations are correct.
The 2 small curves purple and green are also potential support/resistance functions, while the rectangles in this case can act more like milestones as it is possible that the price might want to avoid them up and down like in an obstacle course. If not successful in such journey attempt, they too might become support and resistance areas.
Again for the bulls, watch out for the blue curve, and if broken, maybe better to wait for signs of an impulse (low_) correction (higher low_) and a potential push for a higher high.
For the bears, this design doesn't predict any bold aggressive downturns, maybe just a balanced descent between the blue and the big purple. Watch out for the price action and the relevant events at the elements if you want to Crack the code, if there even is one...
Note
Avoided the rectangle with a close reboundNote
Rebound from the white. Rebound from the rectangle. Currently flirting with the blue.Note
Rebound at the blue and short purpleNote
Pivot at the rectangle and finally a break of the blue curve. Not sure it will reach level 1 before it lands on level 3 but it could stay above the blue even if the new yellow curve gets broken.Note
Level one almost reached and we can't yet assess the potential resistance this level might act on the market without the relevant price action near it, but the overall picture looks bullish enough for this level to be potentially bypassed. Note
Resistance met at level 1. Hard to say when/if it will be broken. The current stop at the added yellow will probably not hold to trigger a comeback. Note
Second rebound from the top level. Next to watch are the real trendline and the created low level. This can become a flag like formation with lower lows not threatening the bulls perspective, but time will tell.Note
Break and rocket launch. Probably best to move to the daily chart for this one. End project.
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