ETH/USD Secondary trend (part). Pivot zones. Channel. Paris

Updated

Secondary trend (part). Time frame 1 day. The logarithmic chart. Pivot points. The channel with the step of 96%.

Paris update will occur on September 14-15. Will there be any problems with the network update to bring the price down to the lower zone of the channel? That is the epitome of head and shoulders?

This is what it looks like on the line chart.

ETH/USD Main trend (part). Accumulation/distribution. Pivot pointshttps://www.tradingview.com/chart/ETHUSDT/TrnZPS9G-ETH-USD-Main-trend-Accumulation-Distribution-Pivot-points/ Time frame 1 week.

ETH/USD Main trend. Accumulation/Distribution. Pivot points

Linear graph. The main trend is complete. Time frame 1 month.

ETH/USD Main Trend Pamp/Dump Cycles. Accumulation/distribution.

Note

Breakdown of the local downtrend.

The price at the reversal local level is 1713.13. There are 5-6 days left before the transition. Its breakthrough is an increase to the channel resistance. To the channel resistance (previous local maximums) from this zone +16% ($2002 level) Breakthrough of this resistance (implementation of the goals of the rising flag).

Not a breakthrough - a rollback to the channel zone. Levels on the chart.

Note

The price of kefir failed to consolidate above the pivot level of 1713.13. At the moment, the price has broken through the 1422 level zone.

Note

Local work. Since the breakout of the "neck" zone 1422 "head and shoulders" the price has decreased by -13% to the level of 1240. Clamping above this level in a narrow range.

negative scenario.
In case of a breakout of this support, this constriction will act as a descending flag, thereby fully working out the goal of the "head and shoulders". If support holds (1028 zone), consolidation. Double bottom and price growth for the entire range of flat (96%).

positive scenario.
Breakout of the local trend line and price growth to the resistance of the secondary trend (red). From it, with a high degree of probability, a rollback and the formation of a wedge if the downward impulse is not too strong and the sideways support zone (96% step) will be retained.

Very positive scenario (unlikely)
A breakout of the resistance of the secondary trend and an increase in the price to the resistance of the flat, that is, the $2000 zone

Note

Trading situation on 10 10 2022. Line chart to show direction without "market noise" (squeezes and excessive volatility) Two days ago, a huge number of new ETH addresses appeared 135,780

The price has been reaped for several days under the downtrend and is in an important reversal zone of this flat for 3 weeks. Long/short percentages from this zone are shown on the chart.

Long work
If you work long, stop is very short. It is desirable to enter after a breakout on a rollback. It is possible on a breakthrough, but on condition that it occurs on volume. How it works is up to you, your trading strategy, risk management and skills. But always remember, the less you set goals, the less you enter the market ahead of time, the more you earn at a distance.

Work in shorts.
In short after the breakout of this support, stop behind its zone. In such cases, this three-week sideways channel will act as a descending flag canvas.

The movement can be impulsive "on the news".

Note

ETH/USD Вторичный тренд. Боковик. Среднесрочная работа. 21 11 22

Note

from the reversal level (yellow) 1240, as well as the whole market rose by +35% to the level of 1713.13.

The potential for resistance of this channel (double bottom is). Then see what will be the reaction of a fairly strong mirror resistance level. The maximum medium-term potential (liquidity, cycle, time) is about +190% of the reversal level.

Note

V-shaped reversal. From the $1,500 level +14% to resistance of $1,713.13 ($1,700.20).
The next important local zone.
The price is now at $1,682 in the moment.

Note

About +40% from the ,500 reversal level. Now the price breaks through the resistance level of the horizontal channel. The psychological zone of 2000$ super centralized bank cryptocurrency is broken through. The price is now in the ,100 zone Classic breakout work.

The local trend is an uptrend channel. Showed interest from this important level for local work. Remember for April 18. It is clear that if everyone knows about the event in advance, it is taken into account in the price, but it doesn't matter...

Note

The price of 2 cryptocurrencies has been in the 14% squeeze zone for about 1 month under the resistance of the horizontal channel (+60% from a reversal) in the local ascending channel after a false breakdown of resistance on April 18. There will be a denouement soon (relevant medium urgently and locally).

Price reversal zones, on the reaction of which the further medium-term development of the trend depends, are shown on the chart, also for clarity, percentages for orientation to key resistance/support levels.

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