CheddarBizcuitz

CheddarBizcuitz

Another rejection sends ETH to average support with recovery back to 3k underway. Although signs may look hopeful remember that we've been below pattern for some time. It's possible we could see a drop to D1 200EMA (~2750) as a result. www.tradingview.com

CheddarBizcuitz

A tough breakdown after ETH fails to push above 200EMA resulting in a drop below 3k. Price is now looking to recover above 3k after reaching lows of ~2900. A purple line has been added for an average low (+/-$30) in the case recovery is not successful. www.tradingview.com

CheddarBizcuitz

ETH fails to hold above 200EMA dropping us back below 3210 with lows at 3125. Price is now positioned below short-term EMAs signaling another possible convergence scenerio. Further correction is likely if we can't recover above 3210; look to keep at 3k if this happens. www.tradingview.com

CheddarBizcuitz

Recovery just short of the D1 goal (3371) as rejection sends us back to 200EMA. Another chance at EMA divergence is closing in which could begin off another push to D1/3405. There's a strong potential for this to occur if we can hold support at current zone. www.tradingview.com

CheddarBizcuitz

ETH fids it's way back above 3210 with another touch off 200EMA. The next D1 goal has been indicated (3371) which aligns with pattern at EOW close. Assuming we've formed a cup-and-handle we can expect this scenerio to follow through. www.tradingview.com

CheddarBizcuitz

Bears begin to take over as price falls below the D1 piercing marker (3125). Watch out for EMA alignment which should add further resistance at this zone. Recovery is still possible but will need to occur soon. www.tradingview.com

CheddarBizcuitz

ETH fails to reach the D1 goal (3210) or flip EMAs possibly resulting in another correction. However H4 MACD is nearing divergence which could assist in that much needed push. Look to keep above ~3125 for best case scenerio. www.tradingview.com

CheddarBizcuitz

A hard rejection at 200EMA sends ETH back below 3210 with current hold at D1 piercing (3125). Continue to hold above this zone to prevent EMAs from converging again. 3210 will be used as the close goal for upcoming D1. www.tradingview.com

CheddarBizcuitz

ETH creates a third step off short-term EMAs to help bring us above 3210 critical. A few closes have already been established which could set us up for the push to pattern. Consolidation between these two markers is expected for the time being. www.tradingview.com

CheddarBizcuitz

Resistance holds in at 3210 creating another step which may drop us back to short-term EMAs. A third step can be assumed off this formation and would likely be enough to break zone. With 200EMA at the lower boundary we can expect increased resistance moving forwards. If true, there's a chance this alignment could last until the 3370-pattern...

CheddarBizcuitz

ETH remains above the daily close goal as short-term EMAs begin to close in. Successful divergence could push us past 3210 right to 200EMA/lower pattern support boundary. The next D1 goal is around 3370 which would place us at pattern support EOW. www.tradingview.com

CheddarBizcuitz

A solid recovery positions ETH above the new D1 goal with about 1/2hr left until close. 50EMA is also around this zone which should strengthen support if a flip is successful. We could be looking at continuation to 200EMA in the near future. www.tradingview.com

CheddarBizcuitz

A successful 4/18 close jumpstarts what may be the start of recovery given our hold at 3k. Look to keep above the daily marker (3035) for an attempt at short-term EMA divergence. The next critical resistance is expected at 3210 unless we push straight to pattern/200EMA. www.tradingview.com

CheddarBizcuitz

ETH recovers to 3k after another correction at low 2900s. Daily close has been adjusted to mark a shorter-term bullish goal. Failing to keep above 3k could result in a drop to the next critical at 2750. www.tradingview.com

CheddarBizcuitz

Late post but a possible double-bottom could be forming given the hold at 3k. This could also just be a temporary push so we should look to flip the prior D1 marker (green). imo I believe we're in for another correction but anything can happen in this market. www.tradingview.com

CheddarBizcuitz

ETH closes weekly just below the new goal line but with enough momentum to reach lower pattern boundary. With retraction back to previous lows we are in position for a possible inverse head-and-shoulders recovery. Look to maintain daily (1.5hrs) around 3090-3100. If not, expect a drop below 3k. www.tradingview.com

CheddarBizcuitz

Price remains above 3k but presents a down-step pattern which could lengthen correction to 2750. Weekly close is likely not happening so it's been adjusted to 3180 for an early inverse head-and-shoulders possibility. A double-bottom off ~3k could also provide the same result; just look to keep closes above previous lows. www.tradingview.com

CheddarBizcuitz

ETH manages to keep above 3210 critical but is unable to re-enter pattern likely indicating the start of a bearish cycle. Remember that today's close goal is at the orange intersection which seems improbable given our current position. From a long-term standpoint, continuation to 3k appears to be the better suited scenario however anything can happen during...