CheddarBizcuitz

CheddarBizcuitz

Bulls unable to break resistance at the short-term upper trend limit, forcing $ETH ATH just shy of 4850. H4 MACD and Chaikin moving back towards crossover range with expected support at the long-term upper trend average (~4650). A dip below long-term UTA could send us as low as the 'expected average' if indicators trigger and short-term LTA (~4500) doesn't...

CheddarBizcuitz

$ETH continues to push towards new ATHs as we begin approach the upper trend limit of this short-term cycle. A breakout here would likely push us to 5k+ with expected resistance along the long-term upper trend (~5100). First major support zone is expected at the long-term upper trend average (~4650).

CheddarBizcuitz

Daily MACD gets denied once again as H4 Chaikin crossover on ADL triggers a buy signal. Bulls seem to want another test at flipping this major resistance zone (UTA); a successful breakout could send us as high as 5k (~5100). My original prediction was further dip from here and I still believe this is the best case scenario as we near the EOY.

CheddarBizcuitz

Daily MACD on the verge of crossing; continuation of this step-like pattern would provide a nice transition until the next divergence. My hopium prediction is further correction to around 4250, followed by 1-2 weeks of sideways action between the UTA and EA. On an extreme note we could drop as low as 3000-3300 but I'll save that thought for another time. From a...

CheddarBizcuitz

Forgot I had auto-save off and lost all my drawings/modifications from the past week. Had to double-check everything so there may be slight differences. Decided to add in the Chaikin Oscillator to gauge how far of a dip the daily to weekly MACD crossover could cause; better use once transition occurs but wanted to introduce it now. The sideways action...

CheddarBizcuitz

Dipped back below support/resistance marker; unfortunate but we didn't really breakout as expected. IMO it would take a bit of a miracle to hit 5k during this cycle now. I believe we can minimize the damage of this MACD crossover through a week or two of sideways action. This may require further correction (~4300). In the meantime I'll be focusing on alts, if...

CheddarBizcuitz

Big breakout for $eth as we push into the final stage of this cycle; bulls looking to flip resistance here to solidify new support once correction sets in. Daily and weekly MACDs slightly diverging to accommodate for a pump to 5k. I believe there's a high chance of this happening based on recent momentum. Expect increased volatility within the next few...

CheddarBizcuitz

Bulls really in full force as we test major resistance once again; a breakout into stage 6 could send us as high as 5k. If you've followed my latest posts you know that I'm pretty fixated on a dip occurring, and based on the daily/weekly price action it seems that we're in for one soon. However the real concern is the extremity of this dip as I believe we're...

CheddarBizcuitz

EOM closed around 4200 which is a bit higher than initially expected. I still believe we're in for further dip, however my prediction has changed slightly from support at the average to support at the lower black line (trend lows). This would put us at ~4100 and likely trigger the daily MACD. Sideways action between the average and dashed purple line would...

CheddarBizcuitz

Seems like we're on route for 4k; due to the recent pump this dip may extend into early November. Time stamp has been adjusted for 11/1 as reference. 4200 support kicking in but daily MACD about to crossover (again), a pump here could really screw things up imo. I still believe we're in stage 5 of the 10/28 post with stage 6 being a break at the dashed purple...

CheddarBizcuitz

Signs continue to point towards 4k EOM. H4 MACD has crossed over and a continued dip would finally trigger the daily. We see that 4k is also the intersection for the price average and low average. Due to the recent pump, we could see an excess of sideways action before the next breakout; whether or not we break average is also a factor. I'd expect 1-2 more weeks.

CheddarBizcuitz

$eth ATH in the making as we battle against a heavy resistance zone; a breakout here would send us into stage 6 of the cycle (10/28 post). Daily MACD poses some concern as we didn't quite crossover. Part of me hopes that we dip back down to prevent a hard correction. My original prediction was 4k EOM which seems like a good outcome for future growth imo. If we...

CheddarBizcuitz

Seems like we managed the ideal scenario based on yesterday's post. Although we didn't quite hit the lower black line, which would of likely triggered the crossover, I believe we're in a good position heading into November. Current price is ~4200 which is a comfortable buffer for 4k EOM. We could see a price spike early November if all goes well. I've charted...

CheddarBizcuitz

Not too concerned about the price action we're seeing. We hit previous reference highs and managed to stay above average during the reset; all good signs imo. Based on prior evaluation, here are a few scenarios I put together from best to worst: 1. A drop to lower black line would likely trigger crossover but it could be the best scenario. As support comes back...

CheddarBizcuitz

Sticking with yesterday's post; potential push to 4300-4400 range followed by a stabilization period as we begin to flip daily MACD.

CheddarBizcuitz

Big breakout for $eth and a good sign that the daily MACD flip won't set us back drastically. With a similar bullish cycle to that of late July, a month or so of sideways price action seems to be the best move for proper growth in this situation. I still believe 4300-4400 range is possible off this breakout, but imo any higher would pose concern of a harsh reversal.

CheddarBizcuitz

Support-resistance fighting as we push closer to daily MACD conversion. Hoping we can smooth out this transition and prevent a hard reset through a continuation of sideways action. I still expect us to be around 4k EOM. Breaking average would likely drop us down to 3750 range.

CheddarBizcuitz

Good recovery, daily MACD smoothing out a bit; I'm hoping for a bit of sideways action for the upcoming week which could lessen the blow on transition. Expected price action range between upper black trendline and dotted line (support/resistance marker imo). A shooting star close on current H4 candle could trigger another dip below support/resistance line. See...