There are uncanny similarities. Check it out my friends, obviously not confirmed but it looks promising. Enjoy!
Can you feel it? On the 1H chart, ETH is looking prime. It's decent on the 4H too, although the 4H MACD will be very important from here. Will 4H MACD remain above the signal? We will see. I'm looking for a pop above the 200 EMA (big red resistance).
From the looks of it, ETH and the rest of the alts are still not out of the mud yet (4H chart). Just take a look... it doesn't look too bullish to me until we get a bit of a breakout past the EMA200. Even the EMA50 is acting as resistance while it's below the EMA200 so I'd wait to get out of this funk before taking any chances.
There's resistance at the top of the 1H kumo cloud. It's looks like a move to the upside, above the cloud is more likely than a pullback. Good luck.
Look at the similarities. Watch to see if the dip gets bought back near the bottom of the channel. It may be a good buy opportunity.
On the 1H, it looks like ETH may return to the top of the Kumo cloud/200-period EMA and get denied from there. It may break out, but I'm thinking this little up-move will result in early profit-taking. Maybe $180 target. If the 50-period EMA crosses above the 200-period EMA on the 1H chart, this is going to look very bullish. For now I'll try this quick trade and...
here we go, correction beginning
just intuition, feel free to disregard
Looking to buy $210-215 in the next 6 hours or so. Just waiting for confirmation. I'm watching the longer timeframes in case the fundamental uptrend falls apart, but at the moment I think it will follow through.
I'm looking for a slip and fall from the 50-period EMA on the 1H. Looking to buy at discount on the dip, and hopefully it remains bullish. Looking to buy around $213 and target $230/240/250. We'll see if we get this slippage, just have to be patient. Good luck!
Interesting similarity. Ascending triangle breakout and retest fractal. Within a few years, monster rally for ETH just like BTC 20k? Feel free to take a further look at it. I'd love to hear what you think!
All the indicators look good to me on the 1H chart. I'm long.
I'm thinking it will finish the back side of the inverted bart, but we'll have to see. I'm gonna take profits near that downward trendline, or at the 200-period EMA.