Opposites Attract (BTC.D, ETH.D)Using this indicator we can view the "alligator" eating bearishly, heavily, on BTC.D which is a sign that more people are moving to ETH
We can also see the direct effect on ETH.D with the alligator indicator eating bullishly
These are monthly timeframes
In short, it looks bright for Ethereum and altcoins, while dominance for BTC is struggling
I am long ETH
Ethereumusd
Ethereum New ATH!??Ethereum has been holding up very well during this pullback with us still able to hang onto some key levels, including this ascending channel, we are currently sitting on the bottom of the channel holding on strong and i think the market is starting to rebound, if you take a look at my last TA talking about the BTC hidden bullish divergence the same thing actually applies to Ethereum currently, ill let yall check that out for yourselves, refer back to my BTC TA and throw on the Stoch RSI on Ethereum and see if you can find it. Other than the divergence the market i think is ready for another leg up since we just saw a significant healthy pullback. Some key levels we are looking at here are the 0.2 FIB which we need to break soon, the R1 resistance slightly above the 0.2 FIB and the midline coming from the bollinger bands which is currently acting as resistance, if we can get above atleast the 0.2 and the BB midline we are going to be looking super bullish and the good thing is they aren't far away at all so our indicators like the MACD and RSI will barely be affected by a move like this. On the RSI we slightly took a dip below the midline but barely really an we are now seeing some upwards direction here with us just right underneath this midline, i think we aren't going to have any problems getting above here with ease and we can continue our confirmed uptrend! Also gotta keep an eye on ETH's Domiance in the market, we have had significant upside in the dominance and that definitely correlates with the big upswings in price action, we are likely going to see another big pump in price action and dominance level we are seeing respect on this uptrend support line and i think even if we fall a little bit more we are likely going to get a nice bounce which afterwards i would expect us to have a solid move to the upside! And remember ETH's dominance is a big deal with the Altcoins the higher ETHs dominance goes the more altcoins will follow ethereum rather than BTC! Not financial advice just my opinion!
ETHUSD Demand !Ethereum can be seen undergoing huge demand
This is demonstrated on the Weekly chart by these long wick ends
Price has consistently been pushed up before candle close
This shows demand throughout this price area
Coupled with a large support area, I expect bullish continuation on the Weekly timeframe based on this observation
Ethereum is holding his trendline.. for now!Good Morning friends :)
Today we take a look at ETHUSD.
The current formation is verry critical. Bitcoin is in a verry dangerous position too right now and if we lose our trendlines, we could see some nasty dumbs in the market.
I safe my profit for now, until we build a higher high.
Fundamentally Ethereum is verry strong right now. the whole NFT thing is all around the internet right now. But if everybody is making money with something the bubble is about to pop.
Remember the time BTC hits new ath and everybody is fomo in it.
From time to time, the rich people take profit and buy low again.
Always have the liquidty to do so.
Have a nice day :)
See you in the next one
The fractal everyone is talking about ETHUSDClear similarities both in price action and in MACD setups
Ethereum right now has a strong bottom setup and will likely hodl this bottom, leading to the bull part of this scenario with the ~200% increase
I have seen versions of this across twitter and Facebook and thought I would address it for my followers
I aim to exit mid next year at by then 8k or higher
LONG ETH BECAUSE OF HEX COIN 40% INTEREST PER MONTH. + MOREETHEREUM IS ON IT'S WAY TO $4500 BECAUSE OF THE CREATION OF THE CREATION OF THE NFT MARKET AND CHARGING FOR THE ERC 721 PROTOCOL. Also because they are moving to Proof of Stake. Proof of stake means liquidity on the blockchain. ETH is growing because of the growth of HEX COIN blockchain that is paying 40% to lock a stake which is on the ethereum platform. We are headed for a world without end with Platinum bars and a gold pyramid. Just like the pyramids of ancient Egypt were telling us. BLOCK chain technology is here to stay, we may walk into the gates of heaven with the return of G-D in this lifetime. We are very close to having all of our dreams come true. All you must do is simple, be a good person and believe in a higher power greater than yourself who made this. That is all you have to do. Then you can find shelter under his umbrella ay ay ay
ETH big move soon ETH / USDT
Ethereum still accumulating just below resistance
The market didnt choose the direction yet
However,
📌 there are some signs which favor bullish movement more :
1– ETH / BTC is breaking out
2– Dominance of BTC is breaking down
3– long accumulatine below resistance against USD.. usually end in upward breaking out
All this signs will favor the bullish movement
Invalidation of this idea : lose of 2900$-2800$ (current support) by daily candle closure
Note : 3350$ is very strong resistance ..this is just early prediction ...make sure you do yourown
Hope my ideas help you in trading
Best of wishes 🙏
ETHEREUM is Now the KEY Chart for the Crypto Market 🗝️🎬ETHEREUM is approaching it's Key level *previous major level (resistance/support/resistance).
Unlike most of the times that we look at BTC to make analysis and prognosis for the market, at this stage ETHEREUM is the one chart that decides if we will have a Bullish or Bearish next couple of days.
If the price can breach over this level the chances of a second-leg Bull run are ON for good!
If the price fails at this resistance it might drop harsh to re-visit the unchecked level at 2871$
Get your pop-corn today and stick on Ethereum price
One Love,
the FXPROFESSOR