ETH : recovering with bitcoin, bounce eminentEthereum looks healthy & ready for a bounce with bitcoin , expecting it to go for the red band on 4hr followed by consolidation & breakout
Ethereum-bitcoin
Ethereum Retesting Support, Will Lag Against BTCEthereum is coming back to retest support at around 285, it should lag against BTC as people move from their pump and dumps back in to BTC. This is typical for the end of a run up/hype cycle in crypto.
I expect ETH to outperform BTC from then on out during this hopefully massive bull run.
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ETHUSD - Watch to understand TARGET strategy My video analysis on Ethereum for the near term future - when, why and how we are heading towards the target level.
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Best Regards, Ev
#Cardano just broke out of a 28 month base. #ADA.XEthereum killer has officially woken up.
28 month base since July 2018
Classic cup and handle breakout
Volume dry up near the handle from August 2020 to present
Breakout on high volume
Add some FOMO + mainstream attention into this mix and we good.
Ethereum will go parabolic agaist BitcoinETh will broke the fib gold pocket and it is apparantly will do a parabolic move
Downdward move is on track in a descending megaphone.As the #BTC bull market has been proven , best strategy, unless another opportunity pops out, is to trade between alts and BTC and never touch fiat.Expecting a possible 2-3 month alt season.
ETHUSD - Ethereum Reversal NowI predict Ethereum reversing now. It's one of the easiest calls to make, as there are also clues on the ETHBTC chart. I won't be wrong.
Target $400, then $315.
KEY POINT THAT ETHEREUM NEEDS TO RECOVERNot happy with the chart shared yesterday, buy zone was not correctly identified, the second box below the key area in this chart is where I should have point the buy area... still accumulating at this point, I dont think this last area will be broken down, that would be a really bad signal. Price needs to recovers the key area pointed with the blue box and close above as a signal of trend reversal, once that happens imo 37k sats will be next.
ETH-BTC is falling. Buy from support!
Hello, Traders!
ETH-BTC fell from resistance just as I predicted.
Now, the pair keeps falling nicely
And I expect it to reach the support confluence
From where we can go long on pullback
Buy!
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WIll ETH outperform bitcoin going into the EOY..LONG ETHWIll ETH outperform bitcoin going into the EOY. I believe the rotation in terms of market psychology for the trading crowd would be lock in profits in bitcoin, FOMO into eth.. get bored in eth.. then get into Alts with good crypto-economics and solid business plans.
Head and Shoulders - "Learn More Earn More" with usInverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
. This illustrates that the downward trend is coming to an end .
. When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Head and Shoulders - "Learn More Earn More" with usInverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
. This illustrates that the downward trend is coming to an end .
. When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETHBTC in a massive channel. Sell
ETHBTC is trading in a massive falling channel.
The price is near the resistance
So I expect bears to be opening short positions
Sell
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ETH Looking InterestingProbably a bit messy to post but you all should take a look at the ETH/USD chart.
The red box is my breakout area. If the price enters this box it could move pretty quickly.
There are GANN lines, FIB lines and other lines of resistance and support on this chart.
Take a look. I think if we break that $490 level over the week we see a big movement.
Have fun trading!
This is not financial advice
