Double your money 🟢 Bullish Wedge on Ethereum (ETH)Vitalik Buterin doesn't want you to read this analysis.
KEY POINTS:
AI scanned Giant Bullish Wedge on Ethereum (ETH).
Whales don't want you to know about its breakout.
Technical indicators show exceptional bullish divergence.
1st Target Price is $4800.
ETH can well hit $10k by February 2022.
If you invest now, that means doubling your money.
Thank us later!
Vitalikbuterin
super bullishHi guys
I have 2 scenarios for the bit Scenario I have:
1- The first is that after reaching the range of 65 thousand dollars, due to the over-selling area of RSI, expect to fall to 53,000 and again expect to climb and break the historic ceiling.
2- Secondly, from this point, the ceiling of 65,000 breaks and goes up to $ 85,000 and goes to the previous ceiling, which is 65,000, and goes for a Sharpe Sharp.
The second scenario is more tolerableWe have two scenarios. The first scenario is that bitcoin can reach the range of 42200 to 40600 until its first important support, and then it can break the first support for higher goals or then consolidate it, and for its famous support, it can range from 30,000 to 28,000 and return from there.
ETH S/R Mapped!!Let's take a look at ETH on the Daily TF.
It's at a crucial point right now and I believe the strength or weakness it shows in the next 2 days will determine the direction the market will go. The MacD is looking Bearish. If it breaks below the white line we can see it head towards the red line for the next support. This also can be a great time to enter a long but with a tight stop-loss. It's always best to long at support and short at resistance with tight stops.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
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What is Sharding? The Politics Behind Crypto and ETH2“One of the biggest problems I’ve found with our project is not the technical problems, it’s problems related with people,” Vitalik Buterin said in a recent interview.
Why the scalability problem isn't easy to solve, and why people's political outlooks will affect the outcomes of the crypto race in the next few years.
Bitcoin Bulls make a standBitcoin Bulls make a stand at the 21W EMA in the face of adversity
Will the 12 May 2021 be:
the day that Vitalik Buterin and Elon Musk "Rugged" the crypto world by donating Billions of $ of meme SHIB tokens to India for COVID crisis and declaring Bitcoin too energy inefficient for an electric car company to endorse.
OR
the day that even though fear was intense the bulls remained in control at the 21 Week Exponential Moving Average and the Feb range low of $45K
Historically the 21 Week EMA has provided excellent buying opportunities for Bitcoin and this is the first tap of it since September 2020
ETH testing the same stocks trendlineLooking at the daily chart of ETH and most importantly the stochs oscillator you can see that in 176 days this is the 5th time we are testing the same trendline. In the same time we are holding support on the 21 EMA and on the horizontal support of the 1750 area.
If we bounce from this level and the stochs get a bullish cross I'd be expecting ETH to continue the rally to a new ATH.
If we don't and we break below the trendline I'd be expecting a pretty big drop and if we make a lower low I'd be very skeptical if this rally isn't over for the next several months at least.
Huge move ahead for ETHJust as everyone is holding their breath about BTC and if it can break above 10500 to ignite a bull market, ETH is struggling with it's average price for the past 2 years once again.
If we do break this resistance there are massive opportunities ahead as next major level a whopping 30% up and the next really really major one is all the way 70% from where we are now.
If we do get rejected the likelihood of us making a lower low gets very big, so an even bigger opportunity to short.
ETH UncursedEthereum and Vitalik broke the Downtrend! but where they go is still uncertain :D
We can see only a little parts of EMA200 (red one) but enough to forecast a bit.
So we can see on chart ETH passed clearly EMA50 and EMA100 and looks like consolidating.
The first target for now it's to break EMA200 around 240$, if ETH is rejected we will have to wait more.
if it breaks 240$ it will be a free push to 300$ and here we got a big resistance line!
for now i will not recommend to buy until it breaks clearly 240$+.
i will add a far view to show that ETH Broke clearly his downtrend.
Stay S4fe and Happy Tr4Ding!
Ethereum - Broadening Wedge PatternsBroadening Wedge Patterns - “Megaphones”
A Broadening Wedge is a range where the price is holding between two trend lines that are moving apart. The pattern is also named a “Megaphones” because of its shape.
These chart patterns are similar to triangles, wedges, flags and pennants.
Broadening Wedges can be either Bullish or Bearish depending on how they form within an existing trend. There are some clues in the pattern itself that suggest whether the market is likely to continue the same trend or reverse.
You can trade these chart patterns as range trades between the highs and lows of the support/resistance lines. They can of course also be traded as breakouts
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Targets> Featured area - gray box
BEARISH in the short term
ADVANCED Long term
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#ETH #ETHEREUM #ETHER #BUTERIN #VITALIK
ETH/USD 12H (Bybit) Channel exited but about to enter back &downEthereum is going for 7 weeks without a red candle, it's going down pretty soon in my opinion!
Wasn't able to really break-out the parallel channel, I'm expecting a retracement near Fib. 0.236 (201.84) at least, but could bounce on EMA20 first, around 212.60 USD.
Look at how it got rejected on last high zone (~230ish) this is a sign it should totally enter back the channel this weekend or next week.
A stronger correction is also valid until support, maybe MA50 or even Fib 0.382 if (185.43) bears are back to the game. Set-up:
Entry range= 227.50 - 223.30 (Mark)
Take Profit= 212.70 | 203.05 | 193.50 (Index)
Stop Loss= 238.15 (Last)
Risk/Reward ratio= 1:1 | 1:1.75 | 1:2.5
Expected Profit= 5.63% | 9.92% | 14.15%
Possible Loss= -5.66%
Leverage= 5x | 10x | 15x
Fib. Retracement= 0.236 | 0.382