ZZip

ZZip Updated 

It appears that Adam & Eve bottom is forming for $ETHBTC, which is a solid reversal pattern. It's a double bottom pattern characterized by the first, sharp V-shaped bottom (a.k.a. Adam), followed by Eve's rounded bottom, usually not reaching below the Adam's low. There's also a confluence of at least three more bullish factors: 1. RSI in the oversold range; 2. RSI...

ZZip Updated 

The current price action on $ETHUSD might be a test of the upper bearish trend line which goes back to the ATH in January. Depending how exactly you draw the line (e.g. use wicks or not) it appears that the current price drop might be a throwback to test the breakout from the downtrend. Indeed, over the past days the price did in fact break out of the bearish...

ZZip Updated 

The price action of ETHUSD since August 2018 is neatly following the standard Wyckoff accumulation pattern. Although some look at it as a bearish pennant which is breaking down, this idea tries to show the bullish potential of Ethereum. It is also to be noted that the ETHBTC pair has basically bottomed around the point indicated as SPRING, by touching several...

ZZip Updated 

Everyone is looking at a possible head-and-shoulders top on ETHBTC (pattern forming since January 2018), and currently the price is at the neckline and showing a very significant bullish divergence on RSI. Both highs and lows diverge between price and RSI on several timeframes (4h shown). There's also a confluence of fib retracement (50%) and historical support at...