Ethereum analysis update in daily time frameThe price range of 1799-2170 has no resistance and is a completely fake price level and we will pass through it.
The main movement of the price has started from the range of 1525 towards the target and it is currently protecting the price and the whales will not be sold until the range of 2700-2900.
Ethereum is now lagging behind Bitcoin and is a better opportunity to profit from it.
We may have a temporary alt party.
Not financial advice
ETHERUMCRYPTOCURRENCY
ETH has been trending higher the past few days (MERGE Effect? )ETH is now trading near 1650$ .
It is moving inside a rising channel on 4H time frame.
Now there are two scenarios:
1- ETH breaks down the channel then that is short term Bearish signal for ETH and it can test 1476$ - 1400$ level.
2- ETH holds the lower support zone of the channel then it can again go for upper resistance line of the channel and potentially break it.
Pick the direction according to the side of breakout.
On the daily time frame we can see that ETH is trading in an accumualtion "livermore" cylinder with targets are 2500$ and 3300$ . Invalidation of the pattern is below 1400$ .
At the moment it looks like compression is coming to an end and breakout will happen 👀
Current Resistance area between:
> 1680
> 1700
> 1790
Personal POV:
Looking for a test of the 1700$ area, hoping for a breakout toward 1800$ as continuation🤞
Another Move Lower For $ETHAfter the dump last week we started making some weak bullish corrections but we are still in a down channel I predict the etherum price will drop below 3000$ zone before another bullish take-off.
in the short terms, I see that ETH is bullish and you can take some profits inside the downtrend channel.
Stay Safe!
ETHUSDT TRPLE BOTTOMS | BULLISH ENGULFING | NEW TARGETSETHUSDT TRPPLE BOTTOMS | BULLISH ENGULFING | NEW TARGETS
After completing a long correction, ETH has created triple bottoms, and finally, we have seen a weekly bullish engulfing candle. We have 2 nearest resistances(R1: 2913.68 | R2: 3584.79) and 1 major resistance(R3: 4384.43) .
If everything goes well, we will see a new ATH(All-Time High) at a price of $6000, and then again a long correction phase will be started.
NOTE: THIS IS JUST A TECHNICAL ANALYSIS BASED ON PREVIOUS DATA AND UPCOMING NEWS. INVEST AT YOUR OWN RISK. I WILL NOT BE RESPONSIBLE FOR ANY LOSS.
BIG move coming and pay attention to these levelsThe current situation:
1. Price action is currently in an apparent bullish symmetrical triangle with 60% chance of breaking upwards with the measured target at about 415. There's several moving averages on the 4, 6, 12HR and daily charts that are acting as resistance and are key levels to break before an attempt at getting back above 400. Because of these moving averages are still a bit spread out below 400, I do not expect a smooth breakout until we get above these levels.
2. Buyer volume has not been increasing with upward price action as seen more clearly on the 3D chart and this could signal weakness until more buyer volume comes in at higher prices. I would pay close attention to both the volume and price action trends to confirm further bullish price action.
* These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
BAT BEAR & CYPHER BEAR |H1| SHORTCOINBASE:ETHUSD presents two bearish harmonic patterns in this generally bearish crypto saga :)
Fundamentals and Technicals appear to be in conflict in the crypto world hence making it hard for anyone to accurately predict the direction of any crypto market. These are certainly very risky markets and of course just like any other market, there are no absolute entry and exit points, so I will simply follow my harmonic patterns with calculated risk and instincts :)
If you choose to indulge, good luck