gumoca

gumoca

I think ETH needs a breather over here, but it is hard to tell when it is going to top as there is too much sentiment. Looks like a top to me for now, and now some consolidation will start to kick in here likely. Some potential path outside that wedge and then after that. But to affirm this is just one possibility is a must. I think ETH could go higher from here...

gumoca

ETH formed and IHD in that wedge, the measured move from the head till neck is about $5K, MACD crossing and volume increasing indicates $5K likely but needs more volume. Still the pattern could fail, and no pattern is 100% accurate.

gumoca

It seems like this pattern could fail as I'm seeing a bit of overhang here in ETH. This could take it back somewhat for another attempt to tackle $4k perhaps by end of the month unless huge volume ends up eating the supply here. It does not seem like ETH can take $4k for now, but it depends on BTC sentiment a bit too. Perhaps all the market could take a breather...

gumoca

Sometimes trading in crypto looks very sentimental. You can tell as typical patters don't necessarily hold. I think this wedge will eventually break but for now this level seems to be resistance. We may see some pullback into the wedge for a last 4-5 move perhaps. If fails then we need more consolidation.

gumoca

0.80 seems like a magnet for now. See what happens next weeks as ETH continues its ascend to 0.9 and then 0.1 BTC likely.

gumoca

XLM flagging here for a measured move to 0.45 or so. 0.32 could be entry as long as the channel holds.

gumoca

It seems it's all about what BTC will do. But interestingly enough ETH has been moving faster that BTC in this catch up exercise towards 0.08 BTC and progressing well to 0.09, watching this consolidation. Seems like a lot of supply here. NTF demand (increased demand for ETH) and gas prices make it appealing for both end-users and holders. The idea of stacking ETH...

gumoca

FORTH seems like in a looooong cup/handle right in the middle of cup more or less. Accumulating here seems like a good idea below red line not so *not investment advice Some levels indicated here.

gumoca

ADA is just backtesting here I think. No need to worry as long as it is above here.

gumoca

Ethereum has been placed in this channel for potential lateral movement with some upside to 4,100.

gumoca

I think ETH has the potential to trade at 0.1 BTC in the near future. Perhaps once BTC surpasses $50k, then coast is clear for ETH to move past $5k. For now looking at $4k or 0.80 BTC like a magnet.

gumoca

ETH topped for now shy of $3.8k expected a continuation during the weekend if can hold above $3.6k support.

gumoca

ETH needs a bit of volume but wouldn't discard continuation into 3,795. 3800 and above looks hard for now.