ETH-BTC
ZIL daily chart has cooled off & could make another push upwardZIL (ZILLIQA) Daily Chart
The Breakout started when it closed
above the decending trendline. ZIL
then made a bullish move upward and blew
threw the Bull Market Support Band, which
is super bullish for this daily chart. It has now
broke past 4 major resistances and moving
toward All Time High at $0.25... Price Targets
Listed. The RSI is definitely getting
OVERSOLD neighborhood, So unless your
HODLing this Asset, be sure where you want to
take profits. As the RSI curls the bottom up
the price could make another move now...
eth pump incomingCrazy week as we come to a close , you can see the support lines holding, and now over the last 2 days we have gathered support and started to climb back slow. I think this is a key sign that a fast pump for ETH and BTC will happen soon, this weekend or next week for sure. This is only my opinion and you should never risk more than you can afford to lose. Also I have been watching DNT and it is not following BTC or ETH, is go's up with out them but seems to pump hard when ETH go's up fast. Be carful and safe, and have a Blessed weekend.
Ethereum Cyclical Analysis Ethereum has proven itself to find solid ground at elevated heights since 2016. ETH is a central part of current crypto innovation and has even gone as far as separating itself from being considered just an "Alt" coin. It has real utility and real use case.
Now, we are just going to analyze this chart and try to understand where we are in this cycle if history can prove to be any measure.
As you can see, the pattern has been quite consistent and very reliable thus far. Price either rises and forms a consolidation channel (2016 & 2021) or price falls and forms a consolidation channel (2018). From there we see five touches (3 touches on the top and 2 on the bottom).
The two touches on the bottom of the channel will likely prove to be the most important as it indicates that one more touch at $1,700 is needed to ignite the next real Bull Rally.
Now, that is not to say $1,700 is going to be ETH's next stop because the chart also implies the price may reach the $4,000 area before doing so and reversing.
In any case, we can also use the time between each cycle to our advantage. I have taken the mean of the last two cycles and used 542 Days as just a rough estimate of when the price may leave the channel.
One thing I want to note is the Bearish Divergence on the RSI that has presented itself in every cycle thus far. The ETH price moves higher, while the RSI trends lower. Now is no different and is showing the same Divergence. This raises the odds of ETH retesting $1,700 higher at some point.
If the pace were to continue from each cycle, this would roughly put ETH between $15,000 - $20,000 after the next Bull Rally.
Another thing to keep an eye on is the ETH/BTC ratio. There seem to be two paths going forward and noticing which one is taking place can give some insight into where the trend is heading.
I hope this information helps and proves important in the future!
ETHUSD. My Take. What's in it for the Long RunAlright, Let's see what Eth has to offer
DAILY
So as we all know that eth kinda replicates btc's chart mst of the times and i have talked about that already.
So, this is my take on ETH.
Charts
Spiderlines
The mentioned spiderline seem to be resistive since feb 10th where we got rejected last time and got down. We have to overtake this resistance as we haven't been able to close a daily candle above it.
Adam&Eve
Not the best drawing but, kinda made this adam and eve here. Which markes the potential target to 4384.74.
I noticed this earlier and I am long on eth since 3108. I am not too sure about it hitting tis 4384.74 level and the reasons are discussed below.
Pitchfork.
Unlike Btc, the pitchfork for ETH is actually telling us something, and that something isnt nice. 0.618 level of pitchfork is what's bothering eth to not give a closure above 3550. But not everything about pitchfork is bad for eth.
Inside Pitchfork
If I flip Normal Pitchofork to Inside Pitchfork keeping.. We can clearly see that this 0.618 level has been overtaken which most of the times means a good bullish momentum ahead but with some decent consolidation or a bullish flag, yeah, bullish flag will be nice.
Key Levels (S&D Zones)
Looking at the daily key levels, We have successfully flipped the resistive supply zone and turned it into the demand zone successfully. We have a minor supply zone above that ranges between 3619-3727. Might touch it in 3 4 days.
Fib Channel.
For the Fib Channel, It's has overtaken the golden pocket afer consolidating in it for a week. which is a bullish sign, and next level for the FIb channel falls on price of 3792-3874 depending on how fast it goes to 0.5 fib level.
Fibonacci Extensions.
So the Extensions from the low of 24th jan to High of 10th feb suggests a resistive -0.236 level which actually makes sense so gotta have daily closure above 3550.06
Fib Retracement
This is ODD. 0.5 is playing nicely with ETH's price action, I think a gain of momentum is needed for this to overcome and we can head towards the retracement's golden pocket that lies in between the range of 3834-3964.
Volume Profile Fixed Range
It basically says we are in a good bullish zone but a retesting is required.
Indicators
RSI
Now this is convering and why it'll be hard for eth to even cross 3600 without consolidating for 2 3 weeks in this range.
RSI is exhausted. Last time we got below 23 RSI level was back in March 2020. and when we got back above 70RSI level, We pushed price up by 150%.
This time we were even below 22RSI level for ETH and now we are above 70 already and the price is pumped just 65%. 😦 Sad reacts only
EMA RIbbon
Ehh.. I dont like that ETH left the EMA Ribbon like the prevois red arrows, which didn't end up nicely. The ideal way is to keep tesing the EMA ribbon like the Green arrows for a nice move up. RETEST!! WHAT'S the HURRY!! I think the ribbons will open up soon and the gap will increase so nothing to much there to worry about.
Conclusion
Regardless of how many chart patterns are bullish and are in favor of eth to go abobe 4k, I think RSI will dominate all of them and will bring eth back to lower 20s or even higher 10s in the long run
$SOL/ETH-SOLETH popped out of MACRO falling wedge.
-Market is currently being capped at the first supply zone marked with RED Dots.
Looking for some consolidation and perhaps a touch of the previous supply/demand zone market with yellow dots.
the reason i think this is a possibility is the high volume day and inverted hammer bar into a supply zone.
Monitoring this for another move higher to accumulate more ETH.
OMG - The sleeping giant looks to enter new increase trendHello trading friends,
Depending on scan trading for the low time frame - OMG looks to make an interesting trend.
We will see coming time, or this will be the time for Omisego to show also them increase trend with this green cycle trend.
The best target we could see in this low time frame is the 9 USD + trend, but it could be also lower.
Same time there is no guarantee that this will happen, it's about the scan study that was done on this coin as the chance shows high.
Have a good time.
- This is not a trading call - and trade only depends on your setups.
CHiliz - The moon shot trendHello trading friends,
CHZ has shown some interesting trends - And it's still interesting for the breakout trend.
We have seen into historical trends that CHZ has done more times the whale breakouts.
There are also some nice updates coming for CHZ.
0,40+ could be a possible trend price action if the whale breakout did coming time.
its interesting to watch CHZ out coming time
Have a good time.
# this is not a trading call - trade only depending on your setups.
ETHBTC Cup and handle still intactSimple chart on weekly candle showing ETH in BTC prices
This is the chart to watch if you believe there is an ALT rally coming..
I LOVE multi-year chart patterns - this one is still not getting much attention, but if ETH makes a move, it'll be due to this chart ot BIT.D
Crypto Overview - 6 in 1!Hello TradingView Family, this is Richard, as known as theSignalyst.
Today, I am sharing my thoughts about the overall crypto market.
1) TOTAL - Crypto Total Market Cap
2) BTC - Bitcoin
3) ETH - Ethereum
4) USDT.D - Market Cap USDT Dominance
5) BTC.D - Market Cap BTC Dominance
6) OTHERS.D - Market Cap Altcoins / OTHERS Dominance
My Comments:
1) As you noticed, TOTAL, BTC, and ETH share almost the same chart/price action. We are overall bullish trading inside the brown channel, and now approaching the lower brown trendline acting as non-horizontal support.
We are currently stuck inside a range in the shape of a symmetrical triangle. For the bulls to take over, we need a break above the last major high (projection in green)
Meanwhile, the bears can still kick in, reject the upper trendline, to form another swing low before breaking the last high. (projection in red)
2) Regarding USDT.D it is usually negatively correlated with the overall crypto market.
For the bull run to start, we need USDT.D to break the symmetrical triangle and the 3.75% downward. (projection in purple)
Meanwhile, we can still see one more correction. (projection in blue)
3) Regarding BTC.D and OTHERS.D, these two are usually negatively correlated. For the Altcoin season to start, we need BTC.D to break below the gray area/support, and OTHERS.D to break above the last high in gray.
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If you reached so far, I want to thank you for your time and hope you find this post useful.
If you like this idea let me know in the comment section below to share Part 2 next week.
Always follow your trading plan regarding entry, risk management, and trade management.
Which scenario do you think is more likely to happen? and Why?
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Harmoney - (ONE) THE BREAKOUT POWER LINE Hello trading friends,
This is an extra update for ONEUSDT DEPENDING on the last trends.
Harmoney is still into positive trend and we could see coming time a breakout to 0,17+
The data shows that ONE shows an effect trading that could make some trend volume - same time manage all time the risk.
We will follow ONE coming time to see what changes it can bring, as it's now on the power line.
Markets going on their way and it can take time before it shows some results.
Have a great day.
NEAR, key BREAKOUT of the trend line!NEAR Protocol (NEAR) is squeezing to the trend line. What will happen next?
The squeeze shows that buyers are willing to buy higher and higher, and there are not enough sellers so the price rises even more.
Also, the fuel for the pump will be the traders who opened short positions and will close them at a loss, giving additional liquidity to the buyers.
It will be important to watch for false breakout of the trend line. After a false breakout, the volumes should increase, indicating the presence of a buyer.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ETHBTC Looks Profitable FinallyETHBTC has set itself a double bottom which is a strong reversal signal. We have seen the breakout from the trendline with a successful test of the 50MA and the trendline itself. The 50MA has been rather troublesome of late for both BTC and ETH. Here we can see a clear indication that green days may be ahead for ETH and alts in general. Strong alts will likely do well. At the very least, alts that are destined to fall will likely see a lower high providing people exit liquidity for a rotation. You would do well to keep and eye on ETHBTC in the coming weeks. Let me know what you think!
Not financial advice. Do your own research.