It's taken quite awhile to get to an attractive entry point for ETH/BTC but it finally looks like we are approaching that level now.
ETH looks to have bottomed against BTC but we need aggregate volume confirmation. If this confirms, we will easily see 1k USD ETH in the medium term.
The last consolidation triangle I posted failed as it needed a bit more breathing room to burn off the steam from the top at 100. This one looks to be much established and as of this posting we are at a decision point in the pattern. Either we go up now and over 100 or we consolidate a bit longer in the pattern and go up later. Either way it looks like a...
The volume is in the green on the 4h candle with a clear hammer forming indicative of a bottom on the correction following the Kraken shenanigans. Watch for when the volume breaks out of the decline for the start of the new uptrend.
There was a double bottom pattern forming over the last few weeks which has now been confirmed on volume. There is a lot of upside here, especially considering the fundamental situation. My first target for profit taking is .013 level at .786 of the bear market.
I posit that we will see another all time high in the near future on ethereum as the structure here is not indicative of a bubble popping but a consolidation triangle pattern which is now ending. The trend changed on the last bounce off of support at .02 and as this is a continuation pattern it is reasonable to infer that another all time high is coming in fairly...
Solid break of the 4 hour trend line here provides convincing evidence of a medium term trend change. Buy on a retrace for a very nice risk/ reward ratio trade.
1.57% drop possible target based the length of the head from the shoulders base, so the RR ratio here is solid.
Rejection 3x off Daily RSI and trendline, are we headed for a fourth?
3x already this year it has hit this resistance and been rejected. At the moment it is a good risk reward ratio to short as if it does get rejected again, it should continue down at least until the .618 fibonacci level.
Needs to break below 2.1159 for it to be confirmed, once confirmed it should move down 1.3%
Its still very much respecting the mid term trend line, so I think that until this line breaks, we will continue going up (albeit with some bumps on the way).