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#ethereum - E-to-E and Wedge finalizedGood morning Traders, since Ethereum has been so kind and working well taking all 3 targets of the bullish falling wedge and on top the 3D Ichimoku-cloud End-to-End, it´s time to get some fresh views on next targets and possibilities. We are heading towards a resistance zone now, which I would not necessarily call Key-Level for now. This is coming up around the Quarterly R3 Pivot around $263. As we all know this is a parabolic, very strong rise for ETH, we also know this will correct at one point, we just don´t know when. After good volume pick-up and cutting through targets like it would be nothing special, we don´t see anything particularly bearish on this 3D for now, except being heavily overbought since a while. For those who are still long, there is no urgent need to close the position, trailing Stops look like the far better option on this ride to get better chances to take more of this, in case it will strike through the R3-Q as well and make it´s way to R1-Y and further to local top around $340+. Happy trading. Neru
BITMEX:ETHUSD.P
by Gl4diator
2
#bitcoin - 3D E-to-E (end-to-end) #ichimokuGood morning guys, today we are having a very simple look at what´s been happening without drawing a single line or zone. Fact 1: We have talked about the bearish descending triangle with the Quarterly Pivot as Support and been saying this has better odds to break down than up and it´s anything else than a bullish formation. Fact 2: For those who know me well enough: the 3D-interval (my absolute fav) is essential looking at the Ichimoku cloud, Bitcoin has tested the P-Q once more whilst diving into the cloud and failed to bounce, this was the final hint. Fact 3: The Yearly Pivot plus the support through the cloud has been clear target of this major move. What happens next? Assuming we ignore BAKKT, the Yearly Pivot is key, right now we could accumulate here and once more find support exactly at this price level (couple of hundreds of $ swings within). Asking myself how the odds are that we break down further doesn´t make sense right now, also a fact is, it would not be nice if we would as we might see levels as low as 5.4k-4k. Without reversal signs, this is a an area that does not give away a direction and is, therefore, a classy no-trade-zone. ___________________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
3
#litecoin - Support within reach, Quarterly Pivot 3DLitecoin is approaching the Quarterly Pivot and maybe due for the next Major Support, where we have to wait and see if it´s enough to make the reversal for LTC and guide it back up to bulls-zone above $100. Formerly mentioned the $60´s are possible, I wouldn´t wonder if we close a 3D further below. We have changed from a weak uptrend to a weak downtrend on 3-day. At least the Golden Cross is probably going to bring back some life, as mentioned before usually with a delay. Also, bearish E-to-E is finished. Targets and Supports remain all the same. I have added the diagonal downtrend resistance (yellow). Keep an eye on that. ______________________________________________ Warm regards, Neru
BITSTAMP:LTCUSD
by Gl4diator
2