I thinking a fake-out, and a pullback to $440 or $430 in order to cool off and reset for a new leg up.
Just a chart post. Check it out, and good luck!
Take a look. ETH remains well under the EMA200 on the 4H timeframe (since November). The EMA9 (4H) is above the EMA50 (4H) which is a short-term bullish sign, although every attempt to break above this orange trend-line has failed (3 times). I think ETH will continue to move lower until it breaks meaningfully above the bearish trend-line above. I could see a...
MACD is going to get rejected from zero-line. The price should get rejected from around $420. 1 Hour max to get rejected/realized.
Check it out, this looks pretty similar to what happened before. Will ETH continue in a downtrend like before? Who knows, but check out the MACD and the way the moving averages moved in relation to each other. It appears as though ETH may slip and fall to $100. Like I said before, I will not start a legit long position until there is more panic selling and...
Can you see how ETH is seems to be stuck under the EMA9? It appears to be pretty weak right now. It's probably too early to tell if ETH will slip and fall lower, but currently this doesn't look too good for ETH. I'm staying on the sidelines and waiting to see how this develops before even thinking about starting a position in ETH. Good luck traders!
Take a look at the similarities. I could see some strong buying at the suspected bottom some time in January, and a move back to $8000+. If this does play out, it would be just be a swing trade because it doesn't look too strong. Just an idea for you guys to consider. Watch the MACD on the 1D chart/timeframe. Good luck!
Check out ETH on the 1H timeframe. Since the rebound from the 130s, the price hasn't been able to stabilize above the infamous $150 resistance. As long as ETH is trading sideways under $150, ETH looks extremely weak. I think the traders that went long from 140s will get washed/stopped out, and big buyers will buy in much lower if ETH continues to breakdown. I'm...
Let's see if we can get a solid break above the HMA50 (orange) on the 30m chart. Until then, I wouldn't be surprised if ETH continues lower. This is a short-term opportunity, but if we're able to confirm the beginning of a solid reversal, then we can consider making it a long setup and loosening the stop-loss. Still under the HMA50 (orange) right now though. Good luck!
Looks like ETH is stuck under the EMA50 (yellow) on the 1H chart. It looks like it's falling out of the kumo cloud as well. Look how it didn't bounce back quickly and above the bottom channel line. I think a big slip will happen, trigger some stops, and then shoot back up. Let's see if this continues to slip.
target < $8000 ? target < $7000 ? People will make money by buying when everyone least expects it. How low can we go before the big money starts a position. What's the bottom for these big buyers?
Could go either way, but be sure that if ETH and the crypto market sinks lower, the whales are gonna be there to buy up the panic at the bottom.
Looks like it's gonna fall off a cliff. Temporary, or the beginning of a larger move lower? We will see!
So these look similar. Just an idea. Could BTC see $6500 again?
Check out this action! Looks like we'll soon see discounted ETH prices. Look for the buying opportunity once this sinks lower on panic.