CheddarBizcuitz

CheddarBizcuitz

$ETH holding in around 4100-4150 although I'm still leaning towards another dip here. Current trend pattern appears as either an expanding triangle (upper arrow) or a right-angled broadening wedge (lower arrow). Based on entry direction, I assume we could breakout below the trend 4k support line (wedge). Weekly MACD also has sufficient gap for another dip...

CheddarBizcuitz

It's been a crazy past 24hrs for the crypto (and financial) market as a new Covid variant comes into play. Resistance held in at 4550 before the drop to ~3900 (lower trend limit). A continuation could put us into the 'danger zone' (orange) which I have capped at a low of 3600. Wouldn't be surprised if this occurred as it aligns with the weekly MACD prediction; I...

CheddarBizcuitz

Happy Thanksgiving everyone :) Big day for $ETH as we attempt another breakout past trend average; a bit earlier than expected but it looks very promising so far. First resistance likely at ~4550 before dropping back down to average. The hope is to solidify a resistance-to-support flip. I don't think we'll hit 5k quite yet, but it's definitely a step in the...

CheddarBizcuitz

Grabbed a segment off the weekly for the near-convergence scenario stated in post 11/21. Wild shot in the dark, but we may be nearing the end of a condensed and similar cycle pattern (see note below). As long as support holds and weekly MACD avoids convergence I'd expect a breakout roughly EOW. *** Current cycle pattern could also be seen as an ascending...

CheddarBizcuitz

Quick dip and recovery from ~4k to form what seems to be a double-bottom. H4 chaikin nearing zero and MACD in divergence zone. A breakthrough past trend average could send us to 4550.

CheddarBizcuitz

Small dip below H4 chaikin but nice recovery so far; we could be looking at an inverse head & shoulders with neckline at the trend average. 4k support will likely hold in the case of another drop with 3600 as an extreme low. I wouldn't be surprised if we dipped to 4k again to force weekly convergence but it's hard not to be bullish with Eth2 on the way.

CheddarBizcuitz

Nice push to break us through the average as we attempt to flip resistance to support. Daily MACD closing towards divergence while weekly evens out a bit. We could see something similar to early October where there's a correction but no weekly convergence. All in all, $ETH outperforming $BTC and the growth is fairly steady imo; 10/16 estimate ~4600 EOM seems...

CheddarBizcuitz

Resistance holding in at the trend average; H4 MACD leaning towards another dip to continue this sideways action. Current support at ~4200 with a low of 4000. Higher lows could generate an ascending triangle pattern to break us out if resistance holds at ~4300 (versus average). I'd expect this to occur sometime EOM.

CheddarBizcuitz

Heavy buy volume to force daily chaikin and MACD back towards zero line; expect resistance at the highlighted average if we continue this momentum. Estimated trend based on H4 indications. Orange zone indicates potential low if we continue towards weekly convergence.

CheddarBizcuitz

I'm expecting further correction ahead; first support at 3950 followed by the lower trend average. If we break LTA the price could continue to drop to 3600. Based on a previous correction in September, $ETH dropped nearly $1000 before bulls took over. Assuming a high of ~4750 before the daily chaikin crossover would put us around 3750 (LTA). Factoring in weekly...

CheddarBizcuitz

Another market dip sent $ETH below trend average, flipping the zone from support to resistance. Further correction potentially ahead as momentum could force weekly crossover sooner than expected. Newfound support currently at previous short-term cycle ATH; a hold here could set in another cycle. I'm expecting ~4500 EOM.

CheddarBizcuitz

Big drop to continue the daily correction. Price holding well at the given average as we attempt to push back to mid 4k. H4 200EMA currently at average which is a good sign. Short-term trend cycle officially ended off the breakout below LT so watch for LT as a main resistance zone. If we dip below average I expect support at 3950. Heavy dips normally occur after...

CheddarBizcuitz

Slight adjustment to short-term trendlines; seems we could either double-bottom off LT or drop to the average. Price action looks bearish imo.

CheddarBizcuitz

Sell signal in full effect as bulls are unable to break resistance at long-term UTA. Support at short-term LTA looks to be non-existent with next expected support at LT (~4450), then 'expected average' (H4 200EMA). Based on 11/12 prediction, we may see a few weeks of sideways action to help sustain until the next daily divergence period; this would take place...

CheddarBizcuitz

Support held in well at short-term LTA; daily MACD has officially crossed over zero line. H4 MACD nearing convergence as we look to break out of what seems to be a slight double-bottom. Expected resistance at long-term UTA (~4700).

CheddarBizcuitz

Bulls able to hold at short-term LTA as H4 MACD rounds back towards a buy signal. Current daily divergence has initiated again but we could still close in the green. Based on the fact that growth's been pretty steady lately, I'm expecting 1-2 weeks of sideways action during this 'correction' phase. If we close daily above the zero line, price action will likely...

CheddarBizcuitz

Nice recovery to keep us above the upper trend average after hitting a low at the short-term LTA. Bulls continue to keep daily MACD above the zero line as we look to push to 5k; a hold here could negate a divergence period altogether. If we dip further, expect the first support zone to be around 4500 (short-term LTA), followed by 4250 (expected average). PS. If...

CheddarBizcuitz

New $ETH ATH and another test against the short-term upper trend limit. Good hold so far at short-term UTA; long-term UTA is the first major support imo however the two are currently within close proximity (~4700). A breakout to long-term UT is estimated to put us near 5150 if 5k isn't a ghost wall.