Ethereum has not done this since November 2017The above monthly chart makes for very disconcerting reading. Viewer discretion advised. Bulls looks away! On the above monthly chart the ETH/BTC pair is shown. Stochastic RSI (purple circles) WILL cross down 40 with the close of this monthly candle unless something amazing happens. This cross down has not happened since the November 2017 top. The last time Stochastic RSI crossed down it stayed below 40 for a little over 2 years. Were that to repeat we would not see positive price action until November 2024. There’s something else, the rising trend support line. Price action has broken market structure, the upward slopping trend line is the first support, -40% below current price action. That would easily take dollar price action to $600-800 region if Bitcoin dollar price action remains in the general area it is in. Lastly is the volume. Selling pressure is increasing. Look left, you cannot buy into a market hoping for rising price action when selling pressure increases. You must wait for those red candles to shrink in size and a green one to appear. Is there a positive side? Maybe.. price action appears to be printing a large inverse head and shoulders pattern. If the uptrend support is confirmed, this could be wonderful. However I would not expect such a formation to complete until at least quarter 1 2023. Wwby without_worriesUpdated 9941
Wyckoff Distribution on ETHBTC 👀After the Ethereum merge the trading range has fully developed into distribution. RSI bearish divergence on the daily after completion of the UTAD Test (upthrust after distribution). Bleak outlook for ETH as it drops back into the TRShortby UnknownUnicorn241244972
Ethereum versus bitcoinThis chart shows that the long term trend of Ethereum versus BTC is negative and has seen an absolute rejection off a long term trend today. The market clearly is as yet dubious about recent changes in the ETH fundamentals.by MrAndroid2
#Ethereum Bulls Roaring, ETH May Rally above 0.088 BTCPast Performance of ETHBTC ETH prices are relatively firm versus BTC when writing, per the formation in the daily chart. Overall, buyers are in control, and the immediate trend is northwards. From the ETHBTC candlestick arrangement, the immediate support is 0.075 BTC coinciding with around April 2022 highs, a critical reaction level. #ETHBTC Technical Analysis After attempts of lower lows earlier this week, ETH bulls flew back on September 13, rejecting attempts to push prices even lower. From the daily chart, traders can find loading opportunities on every attempt lower as long as prices are held above 0.075BTC or this week's lows. The immediate target will be September highs at 0.085 BTC for aggressive ETH bulls. Meanwhile, traders waiting for a clear trend definition can wait for a clean break above 0.085 BTC, at the back of rising trading volumes, to initiate longs and ride the primary trend and the bull breakout of early August 2022. In this case, the first bull target will be 0.088 BTC or 2021 highs. What to Expect from #ETHBTC? Pumped by fundamental factors, Ethereum buyers are in control and would likely rally above 0.085 BTC and register new all-time highs. On the reverse side, deeper and unexpected retracements below 0.075 BTC will shift the momentum to bears. Resistance level to watch out for: 0.085 BTC Support level to watch out for: 0.075 BTC Disclaimer: Opinions expressed are not investment advice. Do your research. Longby Bitcoin_Analyzer2
ETH The price has formed an ascending triangle. Possible bullish breakout of the pattern on the news about the approaching launch of PoSby PUMPmaps111
ETHBTC Daily Time Frame analysisETHBTC has performed really well these past weeks, looking for a big short opportunity as we're gonna see massive volatility in ETH regarding to merge and its consequences. I'm not either short or long on ETH I'm just looking at charts that's all.Shortby alirezaadham203
2022 SOL = 2017 ETH?2022 $SOL = 2017 $ETH ⁉️ 2022-2023 #SOLBTC vs 2016-2017 #ETHBTC 76-80% down move ~1 year in duration after huge advancement up, we all know what happened after that for ETH in 2017 - one of the largest parabolic advances known to mankind. SOL is my #1 bag, ETH was my #1 bag in 2017. I now use SOL 100x more often and frequently than I use ETH (I still hold a large amount of ETH, but much heavier SOL). SOL metrics are blowing ETH out of the water - check transactions made, NFT's bought/sold, users.. the list goes on. If we don't go extended bear here, SOL should be a big contender for a nice close to 2022 and into 2023. #Solana #SOL #SOLSZN #NFTSZN much love, -@CryptoCurbLongby CryptoCurb2
ETH/BTC Support & ResistancesDaily Technical Outlook with possible short term trading targets- 13.09.2022 ⛔️Note: Please watch Pro-Technical video on Cryptosocy platform first by eralpbuyukaslan0
ETHBTC Bearish Cross on MACDThis is yet another chart on the 3D time-frame, which time after time has proved to be reliable in catching medium-term price trends. This time on the ETHBTC pair, the 3D MACD just formed a Bearish Cross. As you see, since the June 06 2021 candle (so more than a year), every such formation (with the exception of August 20 2021) was a sell signal. I have pointed out key Support zones with the first one being around 0.06500. Since the pair has been on a Channel Up patten since mid August and the price is now too close to its bottom (Higher Lows trend-line), it is worth attempting a tight SL buy but reverse to a sell if the price breaks below the Channel. On the longer-term, the Bearish Cross effect will be invalidated if the pair breaks above its 0.088640 Resistance (previous market High). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------by TradingShot3332
ETHBTC French for "Cooked?"ETHBTC looks like the worst chart in crypto. With everything down 70-99% depending on your level of altcoin, this pair looks to be outperformed by btc. Confluence: 3D Next high after bearish reversal zone SFP close after deviation of range high Tapped mitigation block Daily Bearish RSI Divergence Sell the news event after a fake pump into it. Target the green 2.618 fib. Hope I'm wrong as I have eth but damn. Bullish scenario, we hold green line and go for a new high. Unlikely imo but possible (5-10% chance). Shortby TraderArgo111
ETH down as we are approaching to Merge⚠️⚠️⚠️ETH was outperforming BTC but is now showing signs of weakness, as we approach the merge phase. CPI will be announced tomorrow as well, so be careful...Shortby Rezakaz0
ETH the daily 50 MA/EMA could be a good support before the PoS launch. If this support level does not hold, the price will fall to the level of 0.073.by PUMPmaps3
$ETHBTC: Bullish in the weekly chartWeekly trend has now turned up in the $ETHBTC ratio, while the bearish trend in the daily failed to hit target and was completely erased. It seems buying into the merge event is driving the ratio higher here. I can see the 0.092 target zone being hit quickly here, while you may also qualify to receive some free coins if there is a fork (you can see how much it's worth using the $ETHWUSD or $ETHWBTC symbol from Bitfinex). Coincidentally, there's a bullish time@mode trend signal in the $ETHWUSD and $ETHWBTC charts that just flashed today, as this signal in $ETHBTC triggered in the weekly. Might be an interesting move. Best of luck if buying. Cheers, Ivan Labrie.Longby IvanLabrieUpdated 117
ETH/BTC extremely bearishclosed weekly extremely bearish, back inside bracketing range. With what is coming ahead of us, i think more and more this plan is realistic. There will be a time to buy eth again, it is not now.Shortby cheettah113
ETHBTC-SELL strategyThe overall view is we will move further south. We are breaking out of channel support right now and we are also in an ascending wedge formation, and likely breaking out of this as well. The key is 0.0780 area for now. RSI negative and so is MACD. The direction is 0.0680 test for now. Shortby peterbokma1