johrobin84

johrobin84

We see the 200 EMA crossing the 50 EMA which is a bearish sign, also eth is respecting the descending broadening wedge formation that has played out. I see eth doing one more dive to collect the vector zones mapped out below our current price action, and bouncing around 1900 before going absolutely insane this will be one last scary drop to shake out the weak...

johrobin84

Ethereum has rejected from the upper resistance around 2813 and has formed a head and shoulders patter with a projected drop to 2093 which would also coincidentally fill the CME futures gap between 2183-2125. I expect this to be the final drop before we advance upward but may not get super bullish until around August which is typically when the major moves of the...

johrobin84

We have officially printed a nice inverse Head and shoulder pattern on the 30 minute timeframe looking to target 2850.00. My guess is that the 4hr VAH will become the next support Zone and we will bounce off 2700 after we break 2850. Then from there we will be targeting 3350-3500 as the next higher high. BTC has already broken new ATH, so ETH is next IMO....

johrobin84 Updated 

Eth Just broke out of the falling wedge pattern and is forming a reverse head and shoulders pattern, looking for the next level of 2694, which perfectly coincides with the 4hr Value area high, also would be sweeping most of the short liquidity from the fall down from 2747.00. We perfectly bounced off the low time frame Golden Pocket Fibonacci level .618-.66. I say...