Etherium
$2700 Etherium incoming according to this specific pattern.Hello all. Here is a quick Saturday morning market update on the Etherium price and where it is heading.
Looking at ETH on the daily chart, we see that we have fell below the 200 EMA and also broke bearish from the descending wedge.
In my previous Eth update we predicted that Eth can fall to $3200 level which is already confirmed and as we are currently trading below this price. The drop is not over yet and here is my predicted target:
If we extrapolate a measured move for this descending wedge pattern and align it with the breakout point, we get a price target sitting at around $2650-$2700.
One important indicator that also confirms this price target is the fibonacci retracement tool. The fib golden pocket also sits exactly at $2650-$2700.
The long white support line which corresponds with the fib golden pocket and our measured move target also corresponds with the $2650-$2700 target. (Image listed below in the comment section).
Based on these analysis I believe that Etherium is due to another 15% drop, maybe this weekend. I hope and believe that $2700 level is a strong psychological level and that Etherium will find support at this level.
I recommend not to fomo in and wait for Etherium to bottom out first.
Thanks for reading, and stay tuned. Enjoy.
Check out this educational material on Left Brain and Right Brain trading and how it applies to trading:
Polkadot or Etherium?Straight to the point. In my opinion DOT will be a better performer than ETH this year.
As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices.
The 1.618 fib level is not out of the question in my opinion. This would put it's USD price at $183 if ETH is at a $5k price tag.
Crypto to zero?? ETH to $235I have been studying the charts and there is a harmonious TA that results in return to the break out point of ETH in Dec 2020 on its initial rally,
I used the weekly rsi which has broken a year long trend and may return to bottom. This resulted in the sharp fall of ETH price in 2008 to a percentage of 94% approx.
I hope we see a bounce and we can continue but this seems highly possible to me.
ETH/USDT UPDATE! BEAR FLAG!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH/USDT update. ETH looks bearish to me as of now. It's currently trading inside a bear flag structure. If this pattern plays out perfectly then we see a 10-12% drop in the price of ETH.
Currently, it's trading above $3800 and I'm expecting a drop from here. I'm expecting ETH can drop up to $3300-$3400 from here and after that drop we might see a quick bounce.
If ETH breaks and closes above $3950 then this scenario becomes invalid.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Etherium Future Analysis >>> XAY PatternETH/USD makes a sideways movement for long period of time
XAY pattern is likely to be formed, with Price Target on Cluster Fibonacci Area
Price broke the triangle pattern, forming a Bearish Movement
Etherium/USD Signal
SELL STOP >>> 3878.00
SL >>> 3969.00
TP >>> 3675.80
R/R ratio 1:2
Win Rate 55%
-Fibomic International-
BINANCE:ETHUSD
ETH UPDATE-H4- Support at 28k I did TA on H4 chart at a very begging of November and I was a bit shocked and surprised with my outcome.
I can see that after last 2 months my TA still valid and seems steadily heading for 28k major support level. It seems that only after reaching 28k support level , we can aspect trend reversal for a long term.
I wish patience to all for an another month or two.
Like me or hate me, but please, don’t forget to share your insights, TA and comments!
I do wish a very successful trading in 2022 for everyone!!!
SOL/ETH about to explode againOne strategy to increase profits and trading efficiently is finding and trading coins that outperform ETH and give your time for analysis only for this coins. If they don't gain against ETH at some point it is not worth (even if you have great news or fundamentals) exchanging your ETH, the mother of Altcoins, into any other coin.
Now, if the coin outperforms ETH or even oscillates against it, you can take advantage of this and try to get the best of them by outperforming ETH, and of course BTC.
Check:
* AVAX
* EGLD
* SOL
* MATIC
* BNB
or even DOT and ADA as oscillators
Great options there...
"Trade carefully and Efficiently"
ETH H4 ChartA simple and plain view to the charts. Technical analysis have been done and back tested for over two years back with a success rate of 100% .Technical details are not available to be shared for a public due continues testing. ( some minor errors accrued in the past due human error/ mistakes , lost concentration while working with charts and without any major effect on the trend predictions).
Chart is provided only for educational purpose.
I would like to think that price drop going to end up at @ 33k level, but sadly to many factors pointing to 28k level. Chart going to be updated after reaching key levels. Usually it takes a few times per month.
Long Live and Prosper to all crypto traders!