possible IH&S on the 4hr, volume dropping off in pattern as well. Looks like target is still 1.20 for now.
Idea is for me really. I don't know if it will end up being useful or not, but it's interesting for sure.
Here we have the 20wma & 20dma on the 4 hour chart. If you were to zoom out on the weekly, or even daily you will see we've had significant issues in the past getting above these and conveniently they're both right here. If we happen to get above them, we could see a nice rally.
It's still valid until it's not. ;) Conveniently lining up with prior support/resistance.
I expect it to turn back from here, with limited upside as this level also coincides with the .382 retractment level from this entire move for wave B. However as you can see, there is still a little room left for minimal upside. Also, rsi/ema is turning down, and Phoenix appears to be crossing to the downside here as well.
As you can see we've recently hit a low point on our Shorts for ETH. I would wager at this point a correction is due. However, looking at the chart, we can see the MACD cross positive signaling the correction will continue albeit still not sure how far. If I had to guess though, I'd say we creep our way up to that level of interest smack dab in the middle of the...
It might not look like much, but I see an ascending wedge that is also supported by the RSI. Everything is still going according to my last Ethereum post.
I expect us to get rejected this time by the SMA, before tumbling back to our base once again then finding dynamic support off of it. :) Keep it simple and you will be rewarded.
Ethereum is reacting off of its long term trendline. And is poised to continue upward, where it will face resistance in the 160-200 area. It will then be rejected, and we will more than likely fall to our final support area for likely accumulation, around 50$.
So long as we don't get a full retrace here all the way back down to 3350usd, we'll have an uptrend albeit on the 4hr with Linear Regression, we'd then stake out a Higher Low - and our oscillator is making a Lower Low. Checks everything for hidden bullish divergence. Also, we've steady kept pressure upward on this trendline. That's positive, regardless. Stop...
While everyone is adamant we're going to set new lows....I wonder just HOW MANY noticed the MASSIVE ascending triangle since last November?????
It appears as if MITH came to play, breaking out of the descending wedge it has been in. Look for volume to expand.
ZECBTC looking like it's breaking out. Target of the wedge is posted, also the 100ema.
Dash currently targeting the 200ema after breakout.
I see a diamond. Whether that's a reversal diamond, or a continuation diamond is a different story.