Shwayze

Shwayze Updated 

Following a bullish reversal, ETH surpassed $200 and bounced hard off $210. As a result, we now have a short term bearish triangle forming on 1 hour charts, flat bottom and angling down. Look for breakout of triangle. Our 190 support level and 210 strong resistance levels are still intact. If this breaks down past 190, we could see price at $175. With a...

Shwayze Updated 

Ethereum looking to continue its bearish trend. Forming new bearish triangle with support at 182. Overall RSI peaks trending downwards. ETH has maintained steady decrease in blue channel since breakout pattern emerged. Bearish divergence appears appears in RSI and still dropping. MACD also gaining strength in bearish direction. If trends continue, we should...

Shwayze

A couple things developing on this chart. A bearish triangle has formed with the neckline of what I believe to be a head and shoulders pattern. Looking at a head and shoulders formation develop, trending with lower lows on the RSI. If this fits the bill, expect to see prices back down to $0.122. Keep a look out for when price breaks neckline, it will be...

Shwayze Updated 

Looking at this chart we see many patterns. Our previous trendline up has been broken, and we expected downward movement to 182. However, it seemed to stop at 188. Drawing out the fibonacci retracement pattern, we see that the 50% retracement level has been touched twice, and unbroken. Short term, we also see a falling wedge pattern developing. This would...

Shwayze Updated 

Long term pattern, symmetrical triangle for continuation of bullish pattern still in tact. However, short term there has been 2 bearish triangles forming, one which has brought it down, and another which may cause it to drop more. If it does drop, expect prices as the next Fib level of $182 ish, If it breaks the pattern, and returns bullish, I believe we can...

Shwayze Updated 

The falling wedge/flag pattern has broken on 2 hour charts and above. Now we look at the fibonacci levels. The 50% is currently being tested, and if it surpasses that and 61.8%, it should keep on going. This should go long.... However, There is a chance for a retracement at these levels, and especially on levels from the original high. Just an idea.

Shwayze

A bearish flag has formed on the 1 hr charts. Play the cycle while it lasts. Next up should hit around 2495, with a safe short to 2415 (if playing inside the channel). If pattern breaks down, next fib level at $2250 level, could see resistance upwards around $2265. That should be the target if channel breaks down.

Shwayze Updated 

Pennant formation on the hourly charts. Resume previous trend within next 2 days. Each wave corresponds to approx. 6 hours up, 6 down. Be patient, and wait for it to break out.

Shwayze Updated 

ETH retested the 50% Fib line and bounced off at a lower high than previous. There is a pennant forming with a higher low than earlier also. If true pennant is forming, previous downward trend will continue.

Shwayze

On 3 hour chart, drew 2 Fibonacci retracements. A larger scale for the bottom at 138, and a smaller scale for our most recent up. The shorter scale has broken 50% and 61.8% both, and now is testing 61.8 support turned resistance. On larger scale, 50% broke, but ETH now remains above. We must watch closesly. If ETH bounces from 200 level, might be good...