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Pricediscovery

$2000 Ethereum (ETH) By Early February? Price Discovery PhaseEthereum is getting really juicy and with much reason. These are very exciting times for Ethereum. As the cryptocurrency market matures many people are realizing Ethereum is not only essential, but a vital part of the entire cryptocurrency ecosystem, especially in Decentralized Finance (DeFi). We've broken through a major milestone and resistance area since great 2018 boom surpassing trading in the $1300 -$1380 zone. We have an ascending channel developing on the 4 hour for the past week. If this channel and momentum holds we will be at the great psychological number of $2000 by early February or sooner. Of course I say this in a "perfect" case scenario. We are on the starting line for a new price discovery for Ethereum this week. If the trend doesn't hold we fall back down to previous support levels. Please understand and take caution that we are also in oversold territory for Ethereum. Support Area: $1225 Resistance Area: Price Discovery Cheers everybody! Much peace and love. Happy trading and Investing.
COINBASE:ETHUSDLong
by peacefuljustin
4
BTC coiling up ready to go to 49K?BTC broke up clearly yesterday to the upside from the smaller Flag pattern it was in you can see on my graph from 16/17th Jan 21 to 19th Jan 21, which had an upside profit taking area from it's "flagpole" at ~$45K. BTC is now in the larger Flag you can see on mt graph from 15th Jan to 20th Jan, and it's just touched the lower border of this at $36K and is bouncing up nicely to$36.35K as I write. I think it's more likely than not with the higher highs and lower lows that have been made for 2 days that BTC will continue it's upward trend and break through the upper border of the bigger flag at ~$38.75K, and then have the momentum and strength to go past its recent ATH of $41K into new price-discovery territory - with a target upside for profits from the longer "flag-pole" of this bigger 5-day flag now being at $49K. It looks a good time to go LONG on BTC at $36K with some sensible leverage as I've done, with that potential jump in BTC's price soon to $49K if it works out being a 36% rise. Thoughts and other ideas are welcome on my first post here thank you.
COINBASE:BTCUSDLong
by drjames005
WES | Price Discovery | Key Level | 21 EMA Visual Guide Today's analysis – WES – Consolidating below ATH resistance as the 21EMA coils price into its APEX. Points to consider: - Strong trend - Key level (apex) - Price discovery (blue-sky breakout) - 21 EMA visual guide - Oscillators above 50 WES trading in a clean and strong uptrend finding resistance upon retest of its all-time high. Price is trading at a key level as support (21 EMA) and resistance converge, a break in either direction is imminent. A rejection at the resistance level, price is likely to retrace to daily support. Price breaking bullish will induce new all-time highs for WES as it enters price discovery mode. Further price development will allow the 21 EMA to act as a visual guide assisting to determine the immediate direction of the market. Price trading above the EMA perceived bullish and below considered bearish. RSI and stochastics trading above 50 validates strength and momentum in the immediate market; oscillators need to range above 50 to maintain the bullish bias. Overall, in my opinion, a successful S/R flip retest of the current resistance level validates a long trade, utilising the 21 EMA to assist in trade management and defining risk. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
ASX:WESLong
by Kudiiee