andrejevic

andrejevic

H&S

andrejevic

I counted that 3rd wave should end at around $390-395 (to touch the bottom of the channel), before it enter to a consolidation (4th wave). It happened a little earlier, and we are now in 4th wave. Ethereum is consolidating, short at around $440 (where a downtrend channel and 4h MA50 will act as a resistance), before we enter to 5th wave. TP1: $370 TP2: $345

andrejevic Updated 

Since 5th May we were in downtrend from $829 high to $409.30 low. Now we have a breakout from falling wedge, and have started an upside move. My target price is around $670, and I will explain why I think so: 1. Price target for falling wedge is equal to its size which we count from the breakout point ( $470+$214=$684). 2. 0.618 Fib.retracement level of the last...

andrejevic

Trade symmetrical triangel. If the price breaks up, the target is around $510 (higher probability) If the price breaks down, the target is near $420.

andrejevic Updated 

Eth is maybe forming a double top pattern. Please leave a comment/suggestion, I really appreciate it.

andrejevic

Everyone is mentioning that we could see lower prices, such as $300-350. But I see this falling wedge pattern. Does it a falling wedge? Could price go lower and negate this pattern, or it is matter of time when the price would pick up a move momentum? I am very suspicious about rise, because there is not enough money/buyers on the market. Please leave a...

andrejevic

Ethereum seems to forming a reversed head and shoulder pattern. If price go lower than head level, the pattern will fail, and price will go lower.