"This content is not financial advice or a buy/sell signal." the RSI divergence that had led to the pullback to 25K has already been corrected but still has not caught its historical monthly bottom (see the link below). In addition, in the daily chart, the price looks to break down the ascending triangle toward lower targets. Therefore, in the short term, the...
"This content is not financial advice or a buy/sell signal." On the weekly and monthly charts, an IRS divergence has been formed that can result in further reduction in price till breaking the divergence. Plus formation of the head and shoulder pattern (on the daily chart) can lead to lower price targets. The RSI indicator shows that we have already entered the...
“This content is not a financial advice or a buy/sell signal”. A reverse head and shoulder pattern has just been completed which in the presence of enough volume the first target is quite achievable. The head and shoulder pattern has been reflected in the RSI chart as well. In addition, a clear cup and handle pattern has been formed that can lead to the second...
“This content is not a financial advice or a buy/sell signal”. On a weekly scale, BTC is about to complete a big ascending triangle (Red lines). In addition, we can observe a long supporting line (Grey Line) that has strongly supported the BTC price since March 2020. Of note, the lower edge of the ascending triangle almost matches the support line. So, we may once...
“This content is not a financial advice or a buy/sell signal”. As correctly estimated in the previous chart, after reaching the first target, the ETH price bounce and broke the descending triangle toward up and hit the second target. Currently, the price is forming a sharp rising wedge. Also, RSI formed a divergence. So, a fall in price would be more likely. Let´s...
Formation of a cup and handle pattern in the ETH/BTC weekly chart indicates a significant potential to push ETH value up against BTC. If it breaks the line of resistance then can move toward the 2018 ATH and even above.
“This content is not a financial advice or a buy/sell signal”. As the price broke the rising wedge toward down, the target could be the bottom of the wedge. If bitcoin does not move toward prices lower than 27k then the ETH price can bounce and break the ascending triangle toward up and move toward 3k.
“This content is not a financial advice or a buy/sell signal”. The blue ascending triangle is the critical point determining whether the price remains trapped in the falling wedge if it breaks down or it will continue the rising wedge (dashed line) if it could break toward up.
“This content is not a financial advice or a buy/sell signal”. previous cycles consisted of 2 phases, an uptrend period (Bull market) following by a downtrend period (bear market). In addition, the bull market can be divided into an early bull market and a late bull market. In the early bull market, we observe a consolidation phase where the price remains neutral...
