There is a very small bullish divergence on the RSI, slightly higher low on RSI, with price action making lower low and bouncing from $4100 support.
In case there are still SHIB shillbots and apes around, here is something interesting to learn about what crypto HFT can do. In the case of SHIB, the hype is throwing things way off technicals, presenting arbitrage opportunities to trading bots. Take a look at the respective graphs of the coins compared to the value of ETH or BTC in the spot market. So you...
Never put anything in SHIB but been watching the pumps on the sidelines with TA. Shills tried hard to keep fomos in, restraining the inevitable Wave B of EW. Here is an almost symmetrical triangle with strength from the bears at the tops, which are supply zones to challenge after wave C completes in a few days minimum before re-accumulation can commence. Those...
This fib was drawn from the bottom of previous ~5x pump to the last ATH. Then moved to the bottom of the wick where there was demand and confirmed reversal way before the pump this weekend.
Stochastic RSI looks nice. Weekly doji bullish engulfing. ETH hints at 5K within two weeks.
Short-term short from 4260, tp 3980. Re-enter at 3.8k depending on price action.
An update to a previous short idea going into the typically low-volume weekends: I don't have pro so I can't post links or post a nicer analysis with graphs for every point, pay for my subscription maybe? Some residual strength kept pushing 4hr MACD in the green (albeit weak diminishing green). Looking at 15minute candles, a small bearish wedge broke downwards,...
In a previous idea, I had closed my profit taking trade at $4206.9. 4hr candles rejected a shooting star and looks to complete the week eyeing 4.5k. Price action has flown way off fast EMAs on daily, 3-day, and weekly, and ideally support needs to be shown from 3.8k. As ETH digests it's gains before flying to price discovery planets, the coming weekend/week...
With the first BTC ETF being approved, end of year targets for BTC and ETH is highly bullish. Speculation on the hourly appears to be building an ascending triangle. Intermediate-term trend lines on 4-hr and daily time frames seem to be holding support and a breakout this week above 4.1k and firm retest of ATH should confirm bullishness if mild accumulative price...
Hourly shows a textbook bullish divergence reversal, Stochastic-RSI making HH with price making LL. 4-hrly chart shows extended periods of selling on the MACD, which I consider now very oversold, while weekly stochastic-RSI crossing back bullish. Eye'd an entry at 3440 if that level held and it did. Every time BTC traders be shilling BTC and "all money" from...
Will ADAETH fly through yellow trend line? The green trend line seems to be a strong support now.
This analysis is by no means a guide to just ape in and hold without checking the charts every hour or so. I would not be surprised if ADA decided to find some refuge ~10% lower than the publish time. This is the daily chart on ADAUSD, showing some indecision dojis but ideally I'd like to re-enter around 2.6 to 2.65, or rotate some of my ETH into ADA. Will...
Many lines were done to track steady uptrend on 1-hr candles from $1800. As the trend neared last Supertrend (22,3) sell signal on the daily, 3-daily, and weekly charts ETH has been stuck in an ascending range, painting a bull flag. At the publish time, the price action refused to bottom lower to previous double bottom which is bullish in my opinion, while the...
Trying to identify a small Elliot Wave pattern within the ascending channel.
Breakout got slowed by volumes being gradually bought up on TRX/BTC, pulled back slightly by ~5% only to be followed by alt-season sentiment. Ascending triangle building up to 1hr timeframe, and bullish flag on 4hr. Long term up trend up to ~0.35 foreseeable! Alt season has only just started and the height is yet to be seen. Possible climax after Coinbase listing...