A big breakout at 3810 keeps us in contention for another push to 4k. Resistance holds just below 3900 critical and we should look to stay above 3810/ST EMAs. There's a good chance hitting 4k will provide enough momentum for a flip. www.tradingview.com
A solid hold keeps us around 3810 to close out our first daily this week in the green. Closing today in the green could trigger a push to 4k and ultimately prevent major correction. A goal of 3900 is presumed with D1 marked by the vertical blue line. Ascending pattern support extends to mid-June (6/12) so look to keep above 3685 until then. www.tradingview.com
ETH closes out weekly above 3685 pattern but below 3810 critical. Keep cautious of further correction until we close 1-2 days in the green (W1). The support goal for this week is around 2450 or H4 200EMA, while resistance is at 4k. www.tradingview.com
A solid push places us above short-term EMAs and around 3810 critical. Continuing to 3900 could set us up for another symmetric pattern and help establish 4k. Make sure to hold off on the new week until 1-2 days in the green. www.tradingview.com
Sorry about the no-posts for the last couple days I was moving and it's just been a lot. Fortunately not much movement has occurred with price holding above 3685 and 50EMA. The upcoming weekly close marker has been indicated so look to maintain support until then. If successful we could see further recovery next week but don't be too quick to assume. If the...
A bit of correction after price falls short of 4k. Look to hold support above 3685/50EMA if we drop below 20EMA. Further recovery is still expected which could begin at the start of next month. www.tradingview.com
ETH closes weekly well above the goal of 3685 and triggers a breakout off MACD divergence. A push to 4k+ is expected this week but may hold around 4k until the following. ATH for this chart is at 4868 with 4635 potentially marking the completion of a W1 bottom. www.tradingview.com
Not much movement as price holds above 20EMA. Weekly close was off a day so the marker has been adjusted. The goal remains at pattern resistance (3685). www.tradingview.com
Support remains strong at pattern resistance (3685) allowing 20EMA to cross zone. Although we're positioned below symmetric support eventual recovery is still assumed. Continue to use pattern resistance as the W1 close goal. www.tradingview.com
An attempt to flip 3810 fails with price dropping to pattern support before recovery. Another attempt is underway as MACD looks to push towards divergence. Holding above symmetric pattern is our best chance at maintaining this early breakout. www.tradingview.com
Price continues to hold between pattern resistance and 3810 forming into a symmetric layout. Early breakout seems very possible but wait to flip 3810 before assuming further recovery. Keep in mind that we're in a MACD convergence phase. www.tradingview.com
Price breaks ascending pattern and now holds between 3810 and pattern resistance. Weekly close is now expected at pattern resistance (3685) to maintain bullish momentum. Closing around 3671 could trigger correction for next week with 3371 marking bearish piercing. www.tradingview.com
A massive push increases price by $600 and positions us back at prior ascending resistance. From a long-term perspective this is a strong indicator that next week will be bullish as well. However expect the likelihood of dropping to pattern support for a new W1 close goal (~3550). www.tradingview.com
Price holds in at pattern support after EMA divergence gets rejected. Further recovery is possible if we can maintain within pattern. Still be aware of the chance of correction and the assumed W1 3k close. www.tradingview.com
Price remains below 3125 as short-term EMAs close in on divergence. A breakout here could send us out of pattern and to the next D1 marker at 3371. Keep in mind the assumed W1 close at 3k, especially if pattern breakout is rejected. www.tradingview.com
A strong push brings us to 3125 as price looks to keep above 200EMA. Holding pattern is possible which could lift us out of consolidation range. Refer to 3210 as next resistance if this occurs; the W1 goal at 3k will remain for now. www.tradingview.com
Another rejection at pattern places us back below 3k and short-term EMAs. Consolidation between 2878-3125 is still expected until EOW with a 3k close goal. Note that this keeps us below pattern but may trigger a quick breakout if close goes well. www.tradingview.com
ETH finds it's way back to pattern as we look to hold primarily above 3k. Our goal for the W1 inverse hammer can be also be adjusted to 3k which provides a better close position. The consolidation window is now assumed to be between 2878-3125 until the above occurs. www.tradingview.com