iEatBeaver

iEatBeaver

Eth been having trouble breaking past the 21 TEMA expecting a correction to $234 area a close above the upper pitchfork trendline would signal for a massive upward rally $400 - $600 dare i say $900 ( but not for long as hungry bears will eat that profit up quick ) stocks have gone sour on economic outlooks - possibly second wave of covid -19 starting to create...

iEatBeaver

as we can see in the chart we are forming a W pattern - which usually signals a correction to support if Eth can close above $215 it will be in a tight resistance area a break above $217 could see quick jump to the $230 area expecting Eth to return to the $185 area - if selling pressure is to strong a drop to $160 area

iEatBeaver

still have not seen any strength in Eth looks like were going to see a massive correction that was expected before the halving hype expecting a bull trap pump fake before the drop $203-205

iEatBeaver Updated 

think the resistance appears to be to strong and appears to be more slow selling volume over the last few days expecting a strong pullback to support at $190 if this area fails expecting another pullback to $160

iEatBeaver

looks like a retest of resistance area would not buy until a daily close above $25.90

iEatBeaver

gonna need to close above the 9 TEMA to confirm a retest of resistance area expecting a pullback to support area

iEatBeaver Updated 

eth seems to be in a slow downtrend for awhile now for the people with grid trading bots buy zone $199-200 ( support ) sell zone $202.5 ( resistance ) looking for a close above the top pitchfork line to break downward trend should see quick retraces to support area if hit fib line at $203 might see a retrace to second support area at $189 if hit the fib...

iEatBeaver

looks like sideways all day - don't drink the FOMO koolaid

iEatBeaver

this next hour going to say which way we go today

iEatBeaver Updated 

Fomo trend slowing down but still chugging uphill trend and possible break out points added to chart

iEatBeaver Updated 

here I used modified schiff pitchfork as an indicator for when to expect a bear run to begin but with all this FOMO trend buying lately, hard (for me) to get a read as to how this market going to react trade with caution lots of volatility could possibly see a low of $75 ( which falls in line with my previous prediction of 1:3 )

iEatBeaver Updated 

so being the end of month I figure why not set up fib on the month going throw out a prediction that we retrace to the .5 fib may even go slightly under with people panicking selling can't see the whales accumulating wanting the price to high yet if your trying to buy as much of the supply as you can before PoS happens then why would you want to pay top dollar for...

iEatBeaver

looks like a repeat of a couple days ago need to break past the 0.6 fib to continue upward but expect everyone to take profit at .5 fib line creating massive resistance at $210 then a retrace back to $198 area

iEatBeaver

looks like the bears and miners are slowly selling off most likely to see a retracement back to 55 TEMA if panic selling and liquidations happen might see us hit 99 TEMA

iEatBeaver

looks like this has bounced and will continue the upward trend setting a tight stop loss as this could dip more still before it takes off

iEatBeaver

could see a positive break out if we can get past this resistance area with out to much sell off at the usual volume at 15:30 est if it fails should see a retrace to support area if support area fails then a retrace to bottom trend line

iEatBeaver

prolly gonna see a pump to retest resistance

iEatBeaver

see chart