ETH trade ideas
Ethereum, if we mirrored a recent push and correctionAs Ethereum consolidates along an upward trend line... Drawing this out to see where we are currently are at and what could possibly occur if we mirrored recent pullbacks. I recognize a smaller near-term or a much stronger long-term correction could occur. However following recent patterns, it seems more likely that we would follow recent price action.
Ethereum upward trend line, short term consolidationI've found it difficult to chart Ethereum for some reason. I think that's why many people rely on algorithms to trade. But after spending time the markers seem to appear. Ethereum was not impacted much by recent Bitcoin price moves. Movements seems to be upward with some consolidation in the near-term.
Bitcoin got me here, and has had its run but I feel that Ethereum represents as much or more of an opportunity at this point as Bitcoin at current levels.
xrp 2/9/2021Gan channel
Foiund Gan channel which I like even better than regression channel. Seems to show everything and be accurate - we shall see I guess.
Gan channels like this drawn on pretty much everything right now show EVERYTHING maxxed out.
That is what I have been thinking since NOVEMBER but that has obviously not been the case...
Good luck out there!
Several areas of support to choose fromIt will be interesting to see whether or not we follow a correction pattern as others have published here, or whether the culmination of several different trendlines provide a strong area of support.
I lightened my position as we headed off our high earlier Sat. Again, we'll see if that was a wise choice or not.
ETH makes a strong move, setting up a new upward channel?Time to update my Ethereum chart. Are we forming a new upward channel and levels of support and resistance?
'Risk comes from not knowing what you're doing.' - Warren Buffett. Luckily Warren also said, 'You only have to do a very few things right in your life so long as you don't do too many things wrong.''
Ethereum Mkt.Cap is Breaking Out the ATH LevelETH Market Cap touched 2018 ATH yesterday, and is consolidating and accumulating bulls power to break (closed candle) above 2018 ATH level.
If it completes the ascending triangle, the closest target is $218B.
Nice and clear, sit back, relax, and enjoy the show folks!
ETH heading for retracement?Ethereum has an extended run up with no corrective wave.
Ascending wedge forming with price contracting, logically there should be a break to the downside from here - I have marked the highest level of resistance.
I will set a pending order here (risking 1-3%) and I will just hold this position for years. I think Crypto assets, like the S&P500, will just continue to increase in value over a 10 year period. We're only at the start of their growth.