CheddarBizcuitz

CheddarBizcuitz

Finally got that 200EMA touch off. D1 chart posed to hit 3500, but I'd like to see a bit more correction beforehand. I believe we can safely hit 2950 range while keeping this bullish momentum; consider this as 3k support.

CheddarBizcuitz

Nice push to 3k but I wouldn't call it support yet. Look for one more touch off the major trendline (200EMA) before we solidify this next footing.

CheddarBizcuitz

2850 resistance looks strong but this MACD looks stronger. If we can get a good push here I'd say 3; as of now I see us bouncing within the highlighted area until EOW.

CheddarBizcuitz

It's a great day to be an $eth holder! With the integration of EIP-1559, we are one (giant) step closer towards a PoS consensus and the hopes of a deflationary supply. With that said, I'm looking at a potential step/stair pattern with heavy resistance around 2850. FOMO could push us to 3 but we should air out the bears first.

CheddarBizcuitz

Managed to find the block for EIP-1559 countdown since my dumbass thought it was today. Not really much to post here, I think we clear 2700 once this update drops; perhaps just a flip from resistance to support in the meantime. (can't link block since I'm on free version)

CheddarBizcuitz

Well we finally got that correction which is a good sign considering tomorrow's expected release of EIP-1559. I'm looking for a something of a double-bottom off 200EMA (H1). Then the fun begins.

CheddarBizcuitz

Looks like we could breakout to 2700 soon. MACD looks primed, it's only a matter of time.

CheddarBizcuitz

First major resistance kicking in around 2600. If a correction happens at this point I don't see us going any lower than 2300. Perhaps just a drop to 200EMA levels.

CheddarBizcuitz

Very solid momentum lately but I'm still waiting on a final correction (~2150) before the real push; could form a nice cup and handle setup. A breakout from this double bottom (~2700) would be a strong counter-signal.

CheddarBizcuitz

The breakout happened and we're back to EMA levels; still under the impression we drop to ~2200 before the run back up.

CheddarBizcuitz

Look for a market correction to 2100-2200 before August; ideal for maintaining the demand of $eth, pre-EIP 1559.

CheddarBizcuitz

Potential breakout soon to 2400 then back to 2300 or EMA levels.

CheddarBizcuitz

Nice push capped just over 2400. Price could hover between 2150-2400 for the next day or two. Keep an eye on 200 EMA touch offs for H1/H4.

CheddarBizcuitz

Double-bottom completed much faster than expected. Potential push to 2500-2600 before next stabilization period.

CheddarBizcuitz

Reduced volatility until a breakout occurs.

CheddarBizcuitz

Expect resistance around 2200-2250 which would close out a double-bottom. I can easily see us bouncing between 2050-2250 for the next week or so; after that it's up (only!). Hitting major trendline or breaking 2k support would be the reversal trigger, but with EIP 1559 a week and a half out I don't see this happening.

CheddarBizcuitz

200 EMA (H4) touch off; support seems to be holding around $2050. Could be a small dip incoming (cup and handle?), but overall bullish imo.

CheddarBizcuitz

Another touch off the major trendline and it's looking to be the turning point on this bearish run. EIP 1559 (hopefully) implemented early August. Hold 2k support and we're good.