Gordongekko
Trend reversal is possibleHead and shoulders is forming on 4 hours timeframe. If bears manage to brake the support in the zone 9240-9275, i expect price drop.
Reversal model on the etherInverse Head And Shoulders and bullish engulfing on timeframe 1 hour. I expect growth of price.
Ethereum - global trend reversalA global trend reversal of ETHUSD is being prepared. The price of ether may double, or at least grow significantly.
There are two arguments for long Ethereum:
1) Double bottom on timeframe 1 week.
2) The bulls again managed to get the price out of the 115$-150$ zone. A large volume is accumulated in this range. This is confirmed by both the horizontal and vertical volume profile.
So, the priority now is to buy this coin.
Etalon lags behind the general trendWhile russian stocks dramatically grow, this stock stands in the range. If the bulls manage to break the level resistance 1.925-1.950, I expect growth of quotes.
Ether price drop is most likely On the 30-minute timeframe the price trades within the ascending corridor. Now it is most likely that the previous trend will continue and the price will go down. Confirmation of the short - breaking through the level 166.2-166.55.
Ether continuing the trendOn the 1 hour timeframe, a trend continuation model flag was formed. If the bulls manage to break through the resistance level 163.75$-165.25$, then I expect the price growth.
Two arguments for Long EthFirstly, there is a bullish candlestick pattern - engulfing on timeframe one day, but the candle hadn't closed yet (we have to wait for closure)
Secondly, price is pressed to the resistance level 133-135$. If the bulls manage to break through this level of resistance, I expect growth of the price.
Growth of price is possibleIn the previous idea for ETHUSD (it is only available in Russian) I wrote that a retest of trend support is possible. This is what happened, the bulls managed to protect the price.
Now the price of ether is moving within the wedge. If the bulls manage to break through the upper border of the figure, that is, to break through the resistance, then I expect growth of coin's price. However, while this has not happened, growth is questionable.
