Ethereum-bitcoin
$ETH 3D Chart is Printing MASSIVE C&HCryptocurrency is on the verge of MASS global adoption with large amounts of money pouring into the ecosystem as a whole. The Ethereum 3D chart is a technical masterpiece with a clear cup and handle printing.
Below average volume at the base of the cup (circled in orange) with declining volume on the downward consolidation at the formation of the handle checks all the boxes needed for me to be bullish here. Measuring out the depth of the cup, we should expect close to +138% upside from current price.
For an additional twist to this chart I overlaid a fractal that I have been tracking that plays perfectly to the measurement of this C&H.
My price target is $9500
-PennyBags
HEX is losing steamHEX shows double bearish divergence on 4hr and daily,and on smaller time frames triple bearish divergence (price with higher highs ,RSI & DMI lower highs)
DMI 2h ,bear line is already above bull line with ADX completley reseted for a (bear) run
1hr ,2hr 21 EMA already sloping down : its not the sign of fit & health
RSI on 2,3,4h already under 50 ,bears are in full control
1.As long as price stays above 0.275-0.28c ,no worries ,there`s a decent chance price will go to at least 0.35-0.36c
2.Once price starts to close under 0.265c target is .23c
3.If price goes under 0.18c ,then we should meet our final target : 0.085c (-60%)
Remember ,price action reflects supply & demand ratio in the end of the day (and thank God in hex theres plenty of supply lol) and TA helps take EDUCATED GUESSES,nothing more.
BTC ROI since ATH - Forbidden chartsIt's no fun to take note of the momentum and direction of price movement since the previous ATH. Down. It's the only way if not up. Unfortunately.
If it holds, we have a long bear market ahead yet still. Let's hope my previous predictions hold true. Long. We're gonna have a great 2022. Just can't get liquidated. :)
I set buy-limits, moving into more cash in periods of frenzy. Looking to sell when the market moves to higher volumes for liquidity.
Eth drop to 3230The break down from a 6 month channel is very likely to play some more downside for ethereum.
there is confluence with the volume profile point of control at 3236, 200 daily MA and measured move from a bear flag.
if that support fails, then 2800 will be the next major level of support.
Either levels are candidates for points of reversal to the upside.
Ethereum at its last supportLike I've been warning for weeks in a row, is now unfolding. Bitcoin and Ethereum are dropping hard and both are at their last local support. We are 2 days away from the options expiration on dec 31st and market makers are preparing for it. Ethereum is especially in danger as its max pain price is at 3200. Luckily bouncing back from 2500 where it was last week. We have a small expiration tomorrow with max pain at 3800, could they take to 3200 on dec 31st? Well, why not?
And even then, we still have a technical target at the 2800 zone where a lot of liquidity is waiting. We will have to see how the first 2 quarters of 2022 will play out because we are nowhere near a long term bottom on both Bitcoin or alts. Take off the green glasses backed by your inflation story. Market makers made tons of money in the last years, last thing they need to worry about is inflation. Supply is dry on exchanges and inflows are increasing especially on the CME, where big sell offs are currently unfolding on both ETH and BTC. Institutions dont have a moonboy mentality and taking massive risks, especially with a green stock market on the other side to their disposal.
Trade wisely and manage your risks - you're too late to go short and too early to go long - where are right in the middle of a chop zone - don't get caught out.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BITCOIN CASH LONGS 💰💰💰Expect bullish price action on this coin as price is rejecting with a huge bullish momentum from 400$, we have a lot of liquidity that has been taken out on ,,support area,, where a lot of margin stops where sitting in my opinion.
We are going for the BUY SIDE LIQUIDITY above 600$
What do you think ? Comment below..
ETHEREUM (Daily) : Bull or Bear ? $ETHThe price is in a significant support range, which is currently trading in the $ 3800 range. If this important support is lost, the price target will be in the range of $ 3100 to $ 3300, and if this support is not lost, the next important targets will be $ 4700.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 20.DEC.2021
⚠️(DYOR)
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ETH/BTC need some support I guessThere is a trendline support which has no guarantee by looking at the amount of time it has tried to break. There there is a 50% weekly fib retracement which is probably acting like a resistance, there there was a run from 78.6% fib level to 50%, what a run which needs to calm down a bit. So where is the confluence??? at around .072 there is support/resistance/fib levels/this/that and so many things. Just meet me at .075 first and I will take a look and catch it at .072. if not it's a nice setup to sell more at monthly 38.2% monthly fib. This is my opinion. IT'S OK TO BE WRONG, We are all learning together in tradingview. Good luck.