$ETHBTC 4HR Descending Triangle*see $ETHBTC 1D Breaking Point*
$ETHBTC looks to be in accumulation zone that is getting weaker by the day. Bick wicks on both the buy and seel side tells me indecisiveness, but the LHs and the LLs tell me bears are winning.
RSI trending under the 14MA, bit more bearish than bull there.
ETH-BTC
Breakout is here. Hello everyone,
Everything is going as expected, I am actually happy of how accurate these predictions are.
Today's breakout has been predicted 2 days ago so hopefully everyone was holding a strong short position.
Soon the price may increase due the need of having a test of the previous level of support however we are still bearish till we reach major level of support.
Have a nice trading week.
Completed the first impulse wave, $3380On 1H TF
Ethereum BITSTAMP:ETHUSD has completed the first wave at 3179 after that it's been retracing to 2940 which level is wave a in the correction wave abc.
Besides, a invalidation level below 2890
Right now, we have a good chance to entry ETH with less risk.
Target of third wave at 3380.
Wait and see
2022/4/20 Retail investors sell ETH&BTC, but whales buy the dipRetail investors sell ETH&BTC, but whales buy the dip.
Fear & Greed Index also indicate extreme fear among retail investors during 3/3~4/20 (48 days).
Changes of BTC Exchange Reserve: -97,052 BTC during 3/3~4/20 (48 days).
"Top 69" BTC whales buy more than 33,000 BTC during 3/3~4/20 (48 days).
Pic.1:
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On the other hand, ETH market is also doing very well.
"1,490,024 ETH" flow out of the exchange, and "1,851,296 ETH" inflow to ETH 2.0 staking contract during during 3/3~4/20 (48 days)
Pic.2:
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Pic.3:
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Huge market volatility is looming...
Enjoy the volatility ^_^
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Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
Ethereum Holds $3K!!Ethereum saw good support at $2965. Bulls had hopes of a pivot, but this was swiftly quashed with resistance at $3148, exactly as we highlighted in these reports. We are still seeing support from $2965, but potentially seeing a bear flag forming. The Kovach OBV has flatlined suggesting that $3200 is a likely ceiling price for now. We will need sufficient momentum come through to even test this level. From below $2852 and $2762 should provide support.
DRGNUSDNibbled on some DRGN at 41 cents. This will be a set and forget trade for me. Dont forget to put those sell orders in ;)
40% return for Solana by year end.I believe we are repeating history. The weeks I have circled seem oddly similar. Historical trends are coming together into a bullish wedge. Plenty of Crypto contracts are set to expire in June, which is oddly the same time these historical trends converge. My price target for Solana is 140 floor price, 330 at its peak. Anything more than that might be a bit over done.
SHIBA Volatile Move Ahead: Triangle Analysis FTX:SHIBUSD
Over the course of several months, SHIB has formed a triangle pattern . Triangle patterns are classically ending in a strong climax either way.
Seeing that both crypto and stocks are trading bearish at the moment
most likely scenario will be for SHIB to break bearish
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you
ZIL daily chart has cooled off & could make another push upwardZIL (ZILLIQA) Daily Chart
The Breakout started when it closed
above the decending trendline. ZIL
then made a bullish move upward and blew
threw the Bull Market Support Band, which
is super bullish for this daily chart. It has now
broke past 4 major resistances and moving
toward All Time High at $0.25... Price Targets
Listed. The RSI is definitely getting
OVERSOLD neighborhood, So unless your
HODLing this Asset, be sure where you want to
take profits. As the RSI curls the bottom up
the price could make another move now...
eth pump incomingCrazy week as we come to a close , you can see the support lines holding, and now over the last 2 days we have gathered support and started to climb back slow. I think this is a key sign that a fast pump for ETH and BTC will happen soon, this weekend or next week for sure. This is only my opinion and you should never risk more than you can afford to lose. Also I have been watching DNT and it is not following BTC or ETH, is go's up with out them but seems to pump hard when ETH go's up fast. Be carful and safe, and have a Blessed weekend.
Ethereum Cyclical Analysis Ethereum has proven itself to find solid ground at elevated heights since 2016. ETH is a central part of current crypto innovation and has even gone as far as separating itself from being considered just an "Alt" coin. It has real utility and real use case.
Now, we are just going to analyze this chart and try to understand where we are in this cycle if history can prove to be any measure.
As you can see, the pattern has been quite consistent and very reliable thus far. Price either rises and forms a consolidation channel (2016 & 2021) or price falls and forms a consolidation channel (2018). From there we see five touches (3 touches on the top and 2 on the bottom).
The two touches on the bottom of the channel will likely prove to be the most important as it indicates that one more touch at $1,700 is needed to ignite the next real Bull Rally.
Now, that is not to say $1,700 is going to be ETH's next stop because the chart also implies the price may reach the $4,000 area before doing so and reversing.
In any case, we can also use the time between each cycle to our advantage. I have taken the mean of the last two cycles and used 542 Days as just a rough estimate of when the price may leave the channel.
One thing I want to note is the Bearish Divergence on the RSI that has presented itself in every cycle thus far. The ETH price moves higher, while the RSI trends lower. Now is no different and is showing the same Divergence. This raises the odds of ETH retesting $1,700 higher at some point.
If the pace were to continue from each cycle, this would roughly put ETH between $15,000 - $20,000 after the next Bull Rally.
Another thing to keep an eye on is the ETH/BTC ratio. There seem to be two paths going forward and noticing which one is taking place can give some insight into where the trend is heading.
I hope this information helps and proves important in the future!
ETHUSD. My Take. What's in it for the Long RunAlright, Let's see what Eth has to offer
DAILY
So as we all know that eth kinda replicates btc's chart mst of the times and i have talked about that already.
So, this is my take on ETH.
Charts
Spiderlines
The mentioned spiderline seem to be resistive since feb 10th where we got rejected last time and got down. We have to overtake this resistance as we haven't been able to close a daily candle above it.
Adam&Eve
Not the best drawing but, kinda made this adam and eve here. Which markes the potential target to 4384.74.
I noticed this earlier and I am long on eth since 3108. I am not too sure about it hitting tis 4384.74 level and the reasons are discussed below.
Pitchfork.
Unlike Btc, the pitchfork for ETH is actually telling us something, and that something isnt nice. 0.618 level of pitchfork is what's bothering eth to not give a closure above 3550. But not everything about pitchfork is bad for eth.
Inside Pitchfork
If I flip Normal Pitchofork to Inside Pitchfork keeping.. We can clearly see that this 0.618 level has been overtaken which most of the times means a good bullish momentum ahead but with some decent consolidation or a bullish flag, yeah, bullish flag will be nice.
Key Levels (S&D Zones)
Looking at the daily key levels, We have successfully flipped the resistive supply zone and turned it into the demand zone successfully. We have a minor supply zone above that ranges between 3619-3727. Might touch it in 3 4 days.
Fib Channel.
For the Fib Channel, It's has overtaken the golden pocket afer consolidating in it for a week. which is a bullish sign, and next level for the FIb channel falls on price of 3792-3874 depending on how fast it goes to 0.5 fib level.
Fibonacci Extensions.
So the Extensions from the low of 24th jan to High of 10th feb suggests a resistive -0.236 level which actually makes sense so gotta have daily closure above 3550.06
Fib Retracement
This is ODD. 0.5 is playing nicely with ETH's price action, I think a gain of momentum is needed for this to overcome and we can head towards the retracement's golden pocket that lies in between the range of 3834-3964.
Volume Profile Fixed Range
It basically says we are in a good bullish zone but a retesting is required.
Indicators
RSI
Now this is convering and why it'll be hard for eth to even cross 3600 without consolidating for 2 3 weeks in this range.
RSI is exhausted. Last time we got below 23 RSI level was back in March 2020. and when we got back above 70RSI level, We pushed price up by 150%.
This time we were even below 22RSI level for ETH and now we are above 70 already and the price is pumped just 65%. 😦 Sad reacts only
EMA RIbbon
Ehh.. I dont like that ETH left the EMA Ribbon like the prevois red arrows, which didn't end up nicely. The ideal way is to keep tesing the EMA ribbon like the Green arrows for a nice move up. RETEST!! WHAT'S the HURRY!! I think the ribbons will open up soon and the gap will increase so nothing to much there to worry about.
Conclusion
Regardless of how many chart patterns are bullish and are in favor of eth to go abobe 4k, I think RSI will dominate all of them and will bring eth back to lower 20s or even higher 10s in the long run
$SOL/ETH-SOLETH popped out of MACRO falling wedge.
-Market is currently being capped at the first supply zone marked with RED Dots.
Looking for some consolidation and perhaps a touch of the previous supply/demand zone market with yellow dots.
the reason i think this is a possibility is the high volume day and inverted hammer bar into a supply zone.
Monitoring this for another move higher to accumulate more ETH.
OMG - The sleeping giant looks to enter new increase trendHello trading friends,
Depending on scan trading for the low time frame - OMG looks to make an interesting trend.
We will see coming time, or this will be the time for Omisego to show also them increase trend with this green cycle trend.
The best target we could see in this low time frame is the 9 USD + trend, but it could be also lower.
Same time there is no guarantee that this will happen, it's about the scan study that was done on this coin as the chance shows high.
Have a good time.
- This is not a trading call - and trade only depends on your setups.