ETH breakout?What do you think about this chart? Any mistakes? Just starting, looking for your opinions.
ETH-USD
Will Eth breakout, or continue to consolidate?Eth has recently weakened in its bullish trend, and been consolidating in a symmetrical triangle pattern. After a big correction yesterday, it has followed bitcoin back to the top of its triangle pattern. Will it break out?
Emas say it’s definitely possible, however Btc rsi is shot on all time frames, and if it dumps it will take all alts with it. I believe Eth is headed back down, will a possible breakout of the pattern to follow. Hoping it breaks long, it’s proven to be weaker than bcash and other alts such as lite coin recently, which is disappointing to say the least. Let’s see some new ATH, pamp it!!!
ETH to break down?ETH is in a consolidation zone with a very strong level of resistance.
The 4hrly candles over the past 24 hours have been rejected at resistance multiple times
ETH is following the same price action as BTC however the rejection off resistance is slightly more volatile
a close below the consolidation zone could see price break trend and head for the demand zone however IMO price wont stay in the area for long.
We are in a bull market so i would expect to see a healthy buy back.
ETHUSD
Keep Calm on ETH/USD with one simple line** Not Financial Advice, These are my own views**
I am not concerned at all about the ETH drop the past two days. The 4 Hour timeframe shows a conversion for the trend line from the previous resistance to support.
Hope this helps :)
Stellar not finished.Pretty simple. XLM has room to run. Prime for m00nsh0t.
Don't wake-up sadge, earthlings. Drink up.
N0t advice.
Stay in drugs, eat your schools, and don't do vegetables.
ethereal inverse head and shoulders COINBASE:ETHUSD
inverse head $ shoulders..
Ethereum is a no brainer it seems
not investment advice
ETHEREUM - Creating final low of Expanding TriangleGoogle expanding triangle pattern.
Ethereum appears to be making an expanding triangle pattern with it approaching its 3rd low before another impulse up.
Will monitor closely and create a trendline to watch for breakout as an entry requirement.
ETHUSD POSSIBLE CORRECTION CAUTIONEthereum lost a lot of trend strenght, and now is copying the last patterns, so with that breakout to the downside, i believe ethereum could dosomething like i show with the arrows in the chart, correction should happen really soon or now.
ETHUSD SHORT TERM POSSIBLE SHORT!Ethereum lost a lot of bullish strenght in 4h, and is currently doing descending channel on 1 hour timeframe, so i believe after we found some exhaustion at that sell zone area, we will do something like i did in the chart with arrows.
Is sushi coming back to the old channel? Or just touching it?Good time to look for entry points on Sushi, we could be possibly coming back to the old channel if ETH pull back as well.
But to be honest I don´t think it will come back, so I am leaving an order at 13inch, and a safe order at 9inch.
Good luck everyone.
[ $XTZ] Horn ! Horn ! We gonna go , take a seat !Last reminder before the train goes for $XTZ
Equilibrium price brings volatility
ETHEREUM - Detailed Video Update!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for ETHUSD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Possible next ETHUSD movementDue to the current ethusd price action i believe we could find some support on this area and break it up, im still bullish on it.
BTC Short term Short play?Hi Guys,
Here's my thoughts on the near term for BTC.
As we are currently rejecting the lower high of the of this local up trend I'm am hoping for a move down to around 31k ish level ( the -1.618 fib). If this happens it means we have the lost the 4hr support level of around 32.2k ish (-0.618). If we then find support at this 31.1k area I'm expecting a retest of the 32.2k area which is where I will be taking a short in hopes of BTC testing lower support areas around 29.5k and 26.5k. The 26.5k area lines up in a very strong support area for BTC, which means I will most likely close my short and open a long on rest of that area.
Any comments are welcome.
Cheers.
ETH/USD Rising wedge Support & ResistanceRising wedge usually break to downside. But anything possible in cryptocurrency.
ETH UST New Targets For 2021 And Beyond Moving Through 2021 ETH Un chained. Remains the transaction backbone for the foreseen future.
$1700 price target near term $2400 long term in the 2021 - 2022 range.
ETH/USD Short?Downtrend Fibonacci's:
Yellow Fib: Resistance Zone to R/S Zone
Blue Fib: Resistance Zone to Support Zone
Uptrend Fibonacci's:
Red Fib: R/S Zone to Resistance Zone
Cyan Fib: Support Zone to Resistance Zone
Analysis:
I think ETH will lose its steam soon. In my eyes, price is currently testing the R/S Zone. The previous high wasn't broken. I believe price will reach the 61.80 to 100% on the Yellow Fib. If lucky, price will proceed to the 61.80/100% marks on the Blue Fib.
I sold because price hit the 61.80/100% zones on both the cyan and the red Fib. Usually price either hits the 61.80 - 100% and retraces the previous trend. On the red Fib, price hit 100% and since it hit, price has been testing the support. I got in a little late but I have a good feeling about this.
Strike Prices:
(1324 - 1045)
Ascending triangle forming on ETHAscending triangle is forming on the 4h chart as you all see. Could there be a potential break to the upside soon? Way above ATHs?
