ylwghst

ylwghst

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ylwghst Updated 

Support level being hold ~24h, high volume on the level, 4h RSI below 70 One should entry after the price down breaks local support and bounces back, that gives us level 16080-16100$. Target prices would be then $16700-1700.

ylwghst

Higher lows, buyers in control, clear uptrend, sentiment bullish, possibly back above 50 MA If you didn't catch it yet an entry point could be $400 with the nearest target $437 (which will probably be crushed fast). Wait for a $400 retest otherwise wait for a confirmed breakout and $417-420 flip to support.

ylwghst

Ether touched $203.50 several times. If $203.50 which acts as resistance, will remain unbroken, the price could go to $180-190. Otherwise, the price will rise even more since there's plenty of room for both upward and downward moves.

ylwghst Updated 

Ethereum was unable to break the current short-term downtrend. A possible bear flag is forming.

ylwghst

We can see a huge pin bar which could be interpreted as price rejection. Price stuck in an extended descending channel. I would expect a continuation of the decline to the $180-190 level.

ylwghst

Price is currently forming head and shoulders pattern on the daily chart. RSI and MACCD indicators give us direction too. Drop to $222 should be expected.

ylwghst

The $265 level was rejected which could indicate there will be no retracement into $270 zone. We could expect another decline to the $240-250 zone.

ylwghst Updated 

I would expect this to happen since there were several attempts to break the strong resistance without luck. Seems bears are holding it and pushing it back towards support level.