Ethereum-bitcoin
Ethereum at Relative Highs!!Ethereum has caught momentum and we have broken through relative highs. The level $3324 provided significant resistance recently, but it is now providing support. The Kovach OBV is still a bit flat, and is turning over, so we will see if we have enough momentum to sustain these highs. If not, $3200 should provide support. There is a fairly wide gulf between current levels and our next target at $3473.
ETHBTC Consolidation will be the key for Altcoin strength. ETHBTC has been in consolidation for the past 4 months. Once this starts to breakout there can be alt season in which the likes we haven't seen before. ETH out performing BTC at these levels will be key to understanding when to take the bigger risk on plays. COINBASE:ETHBTC
Defi Disaster - $VIX Spike Imminent - Currency Wars Looks like back to dollars. JPow says CBDCs and the DigiDollar will suffice. Bitcoin and the digi pogs "NOT NEEDED". .... as currency anyways. Perhaps a collectible from 2021? *valuation matters in rising rate environment. Ppl play crypto because it's volatile and always up. #holdforbroke
It goes both ways....
#storytellers abundant
*buyer beware
Buy all the dip now before 26e August! BIG things is coming!!SOS LTD has been shorted extremely too much! but in these last two weeks, SOS ltd gott some big investors who bought over millions of shares each (including: BlackRock Inc, Susquehanna International Group, IEMG - iShares Core MSCI Emerging Markets ETF and Morgan Stanley.
you can check it at fintel.io
2021-08-11 BlackRock Inc. 3,403,688
2021-08-11 Susquehanna International Group, Llp 2,340,888
2021-07-28 IEMG - iShares Core MSCI Emerging Markets ETF 1,535,492
2021-08-16 Morgan Stanley 1,124,500
2021-08-16 State Street Corp 567,127
2021-08-16 First Trust Advisors Lp 475,609
2021-05-19 Virtu Financial LLC 324,287
2021-08-16 Sculptor Capital LP 242,100
2021-08-11 Susquehanna Fundamental Investments, Llc 240,778
XDC Xinfin Network comparison to Ethereum fractalXDC Xinfin Network comparison to Ethereum fractal, like is possible to see i believe that XDC is at the same fractal moment of Ethereum in 2017!
I believe that xdc will start to climb the same way as Ethereum did in 2017.
The TFD intiative consortium will enable to bridge the US$19 trillion trade finance asset class with any type of funder through tokenisation and digital assets.
The TFD Initiative, whose members include major global financial institutions and leading service providers such as ABN AMRO, Santander Asset Management, ING Bank, SMBC, ANZ, Commonwealth Bank of Australia, Texel Group, NN Investment Partners and more, recognises the vital role blockchain will play in shaping the future of the trade finance sector, which has already been successfully implemented in other areas of finance.
I need to remind the TFD initiave consortion is the second consortium to announce XDC Xinfin Network as the principal blockchain ecosystem, the first one was R3 Corda that will live in 2025.
So fasten the belts that this rocket will moon!
Ethereum is Setting up with Similar Structure as 2017 - $13,302?As I've shown in the chart, if you lay over the bar pattern Ethereum printed in 2017 during its summer consolidation and end of year blow off top, $13,302 is in the cards.
All Fibonacci retracement levels, as well as the bar pattern fit like a glove leading to a potential peak price of $13,302.
If we get a similar structure to close the year for ETH, we could also see a short term rejection between the .702 and .786 with continued consolidation until November.
Crypto is known to finish off bull markets strong in November and December as well, so this is something to keep an eye on as a true possibility.
Another thing to note, if ETH goes parabolic we could see it end the year with an Elliott Impulse Wave, similar to 2017.
Paying attention to the wave structure as well as the fib levels can help give you a clue when this run will be done!
Good luck everyone!
- CA$HLESS
ETH sideways movement after breakoutIt is shown on the chart that the ETHBTC dominance is stabilizing between the 0.618 and 0.5 fib retracement levels. This is a sign of strength in my opinion and there is currently no major benefit to holding ETH as opposed to BTC at the moment.
I will be waiting for something from a fundamental aspect to be a catalyst for determining the direction of the next move.
If we do break down out of this horizontal chanel we can expect support at the 0.382 before either a reversal or continuation lower.
If we can get above the 0.618 and retest it as support there will be less resistance until the 0.786. The resistance levels expected are shown as blue horizontal lines between the 0.618 and 0.786.
Bull Wedge in Eth?? 📈Ethereum is hugging the upper bound at $3324, perhaps considering a breakout to our target at $3473. It seems to have good support from $3200, and even more so from $2965, but it is doubtful we will test those lower levels with such bull conviction. The Kovach OBV is notably bullish, but it looks like we are curving over slightly, as Ethereum ranges. The lower bound is increasing, while the upper bound is remaining fixed suggesting that we could be seeing a bull wedge forming
Ethereum Back to Highs!!Ethereum fell from the upper bound of the range at $3200 to support at the low of the range at $2965. We alerted you as this level in the report yesterday, even though we anticipated our bull wedge would hold. It appears that ETH is exhibiting a sideways corrective pattern after its ascent to the $3K handle which is reasonable. Our target remains $3473.
CountOnCrypto - Ethereum : Bitcoin Bull Flag - 11/08/2021Good morning TradingView, there is currently a large bull flag on the ETH:BTC pair, I have had this charted for a while now but only just realised it broke out. I'm expecting another breakout very shortly; I will be looking for confirmation of a volume spike this daily close on the money flow index. It appears that we're already breaking out slightly but it's too early to confirm, the spike in volume would be best met with a decrease in Bitcoin Dominance, you can view that on the BTC.D chart! The recent higher high that began to break above the
.5 Fibonacci retracement level but Bitcoin out-performed Ethereum then. You can view evidence of that by backdating both charts in confluence with the dates.
You should also research the Bitcoin dominance cycle, there is a great guide on this found here on TradingView.
Finally, the breakout based on the flagpole(s) would coincidentally bring us to the same level at 0.082400; this would coincidentally be a double top.
Please do your own research before entering money in the market, trading is very hard and requires lots of practice.
Ethereum Holds $3K!!Ethereum has been on a clear ascent since the London hard fork. We have smashed through $3K, and have met resistance at $3200. After finding support again $3K, we appear to be in the beginning of another rally. Watch for ETH to find support between $3K and $3200. The Kovach OBV has been very strong throughout the rally but is finally flattening. Watch out because there is a vacuum zone below to $2651, should ETH be unable to hold its current prices.
Ethereum EIP-1559 "London Fork" UpdateEthreum has now entered into the accending channel now at the 3,100 price level. It is now rejecting the perfect middle/center of the channel, meaning the TA is working.
RSI is overpriced therefore a pullback is normal.
BTC has broken the 42,000 lvl and we saw a good run in the Alt space.
Ethereum continues to burn 150-180 ETH per hour, bringing positive news, for the mid to long term.
Now that we are in the ascending channel you can use it as your support and resistance. Pay attention to Bitcoin as it is still meaning runs and dumps in the crypto space.
Smogster...