ETHUSD pair looks like plan to break 2700. Let's observe it's development.
ETHUSD pair forming a flag pattern. Possible it plan to challenge 2650, and 2700.
It seems Big person is killing price to buy. 700 days MA to 900 days MA maybe their target. In that case Might be it is a good buy zone.
Possible 2 scenarios might be developed for ETHUSD pair are: 1. Green line one: First Drop to test 700 days MA said it is around 2100 - 2150 which we will buy more. Then break the major pressure line (360 MA). And challenge 200 days MA. 2. Purple line one: Which range trading between 300 and 400 days MA, then forming a bullish Flag, then challenge 200 days...
Last Year(2023) ETHUSD created two stage drop parallel pattern(Red) from Apr. to Sep. (lasting for 6 months). This year(2024) ETHUSD seems repeat the same pattern. If it is in this case, Maybe it will ending this pattern around August for the same half year period. Last year After two stage drop parallel pattern, ETHUSD breakup the drop resistance at around...
Scenario 1 (The Orange Line one): Text Book Scenario. Scenario 2(The Purple Line one): maybe the major player looking forward to having this trend. Bias: on the Scenario 2.
1 hour, 4 hours chart form an Antenna Pattern, which is a sigh of bullish. Bear will try to attack and destroy this pattern, and Bull will react to reject it. Let's see the fighting result. Bias is on the Long side, if reject bear's attacking. Break out previous high(4093.88 recorded on Tue 12th March, 2024) is expected.
Purple Line: 50 days MA Green Line: 125 days MA Price touch Green line three times which provide strong support. Possible next development is going to test purple line for the 3rd time.
ETHUSD pair might Range trading around Red Upper Zone and Lime Lower Zone during Sunday.
Price up but volume decrease and small. Be caution of that.
Yearly High is 2142.85 recorded on Sunday 16 Apr, 2023. Recently high is 2136.53 recorded on Friday 10 Nov, 2023. The market is trying to challenging this year (2023) high.
If it could backtest support : said 1800-1830. A long term pressure line zone(Purple) has been breakup, suppose that Pressure becoming support. A closer look as following: If the test hold, a breakup previous high(Said 2142.85) is expected for bullish trend. Let's observe if it is still in Adam and Eve pattern development?
ETHUSD pair might want to repeat again the same Range. Possible Grid Range trading 500 Day logMA to 800 Day LogMA. Orange: 500 Days LogMA Purple: 600 Days LogMA Blue: 700 Days LogMA Lime: 800 Days LogMA Black: 900 Days LogMA
Dumper love to dump on Sunday. It might be a Killing Down To Buy(KDTB) whale strategy. Be caution of it. Orange: 500 day Log MA Purple: 600 days Log MA Blue: 700 days Log MA Lime: 800 days Log MA Black: 900 days Log MA *Ethereum cross trading with Bitcoin(ETHBTC pair) is in a low level. A Falling Wedge Pattern.
As per 23th Aug, 2023 mentioned: ETHUSD might be in a bullish flag pattern development(light blue channel). Currently it backtest support level. Someone else crazy dump for hot money maybe target at 800 days MA level (1500-1550) 500 days MA= orange line 600 days MA= purple line 700 days MA= blue line 800 days MA= green line 900 days MA= black line Our trading...
It seems the Stop Hunter Swap Long position from high side to low side forming a Teletubbies pattern. (Backtest purple downtrend zone) Possible development scenario: Scenario 1. Another Dump: Buyers kill Buyers, drop again to test a new low. Said: 800 days MA (1550) to 1000 days MA (1380) (This year low to last year end low) Scenario 2. Double bottom: Small...
Now it looks like it need one higher high to confirm falling wedge. Possible development : Possible 1: Maybe it might test low again said 1760 to 1800. Possible 2: Maybe break up the upside falling pressure line. *Note: this is just Personal record only, not financial advice.
ETHUSD pair recent development running in the range between 8 days and 30 days MA. Daily chart small step drop in recent week, trading volume decreased and small.(price drop + volume drop) Pattern developed: Maybe it will be repeated a 2-ladder Falling wedge pattern. A higher high, and lower high developed after first 2-ladder falling wedge. Said: left hand...