Greetings, ETH is in a consolidation triangle and could make an impulsive move upwards for a third touch of the trend line or a breakout of the triangle. The current bearish flag (on the 1hr timeframe) appears to be too textbook for an actual downside move. Timing would suggest the move starting between 6pm-9pm EST as this is when crypto typically has its weekend...
Recovery brings us back above 3k with short-term EMAs as the current goal. Expect price to hit 3180-3210 eventually but a breakout may not occur until later. As of now it's possible we see another touch at 3500 sometime mid-month (5/17). www.tradingview.com
In the big picture, extremely BULLISH!!!!!! !In a small picture!: MACD crossing down is very likely. Because macd has failed crossing, which makes the next crossing more realistic. Crossing down means BUY when the price is in red and there is no sign of green. Support points or resistances are required Under 3000k soon. The landing level is not known today, only...
A tough rejection at 50EMA sends ETH down to the previous average low and outside pattern. We now look towards a possible double-bottom with recovery expected over the weekend. Unfortunately this could be the start of further correction, noting next support around 2800. www.tradingview.com
ETH is currently trading at $3010, demonstrating a downward trend within a bearish channel. Traders anticipate potential targets at $2920 and $2870 in the upcoming sessions, reflecting prevailing market sentiment towards lower price levels.
For Ethereum, we're observing a chart pattern that has developed a weak divergence, and we believe it is now correcting wo the end of Wave 4 of Wave (3). We plan to place multiple entries; our first entry was at the upper range of the Wave 4 target area around $3200. However, the price has continued to decline. We are now looking to DCA and make a second entry at...
Downward parallel channel but price is in the top section respecting the middle white band if it breaks out the channel we can see a potential rally up also there is a Rounded bottom on the 4hr stochastic which is a signal of bullish movement building after divergence 9
Purple Line: 50 days MA Green Line: 125 days MA Price touch Green line three times which provide strong support. Possible next development is going to test purple line for the 3rd time.
Price drops to 3k with support holding in so far. Look to maintain closes here but expect the possibility of lows below. Also keep in mind the bearish entry direction which could alter us to 2875 (double-bottom). www.tradingview.com
Ethereum's short-term volatility within the long-term analysis shows a one- to two-day increase.
The historical pattern known as the seasonal divergence "Sell in May, and Go away" was popularized by the Stock Trader's Almanac, which stated that investing in stocks represented by the Dow Jones Industrial Average November through April and switching to fixed income for the remaining six months "would have delivered reliable returns with reduced risk since...
Price continues to hold above 2878 keeping us in position for a possible double-bottom recovery. We should expect this to carry out by or on 5/14 to brings us back above 3k. A slight ascending could still be in play if a correction occurs after recovery. www.tradingview.com
#ETH Falling wedge ⏳️ Now we will break down support level. Then possible Bounce from first support zone. Will open Short position for short term trading. Overall it is bullish pattern
With regard to Bitcoin halving and the possibility of digital currency prices increasing with this event, and with regard to investors' purchases in the market and taking into account the trend of Ethereum transactions and the analysis of digital currencies that have a positive correlation with Ethereum, it can be concluded that the specified area In the price...
ETH drops below 3k but establishes another low to potentially finalize support. Recovery is expected at this point but continuation to 2875 (2878) remains possible. Our goal should be 20-to-50EMA divergence -> 3125 -> 200EMA. www.tradingview.com
U.S. CPI data for April will be released this week, and the market expects that CPI will fall. After weak employment data was released earlier this month, assets rose, and BTC also rebounded sharply at the time of the release. Therefore, if CPI data can further confirm the role of current monetary policy, then the market correction may end. On the other hand, the...
"Aliens, an advanced species that have seen hundreds of stars and a few black holes throughout their lifetime, have made contact with humans sending encrypted data. They are masters in the study of the elastic property of TIME throughout the Universe (relative to Gravity), and they are trying to send a message to prove us all, not that time is a construct in the...
ETH maintains it's position above 2878 while slowly rising to 20EMA. Start of recovery should occur soon if the double-bottom holds true. Note the close alignment of 50EMA and 3k which could make this zone tougher to break. www.tradingview.com