Ethereum is approaching a mid-term resistance area Ethereum is trading into a structure support / resistance zone, around the 61.8% fibonacci level. The level also has the added confluence of the resistance trendline and the previous structure zone. We’re looking to see how price interacts with this zone. If price holds below we will lookContinue reading “ETH/USD Resistance Looming – 2 May 2022”
Ethereum has made a significant drop in the last 24 hours as Biden’s infrastructure plan was approved today. The infrastructure plan had an obscure cryptocurrency tax reporting requirement. We’re capitalising on the downside pressure, targeting Ethereum downside into the $3750 level. Downside target: 3750 Violated above: 4900
Ethereum has pushed into fresh highs, breaking out of the wedge pattern. Price has now pulled back. Is this just a retest of previous structure, or a more sinister fakeout of resistance? If price holds this support we anticipate ETH will continue printing new highs.
We are anticipating new all time highs to form on Ethereum against the Greenback, as Crypto news reels are currently full of positive news about mainstream adoption of crypto. This trade idea capitalises on the 1H chart support trendline, with the RSI showing bullish momentum. As long as price holds this trendline we will seeContinue reading “ETH/USD Upside? Anticipating Fresh ATH!”
ETH is approaching trendline resistance in a wedge pattern. Could we see price break out? Price action is cautiously bullish and the RSI is holding bullish levels. However, the ADX is on the decline, marking a trend that is losing momentum. If we see price bounce from here we could see the recent lows ofContinue reading “Eth Approaches Resistance – Will It Breakout?”
Bitcoin has surged over the $57,000 level as it embarks on another bullish leg. The fourth quarter of the year is typically bullish for the kingpin cryptocurrency, which saw a 170% upside in Q4 2020. BTC has had a strong start in Uptober (see what I did there?), rising above the $55,000 mark for theContinue reading “BTC Surges Over $57,000, Q4 Bullish Seasonality & Eth Sign In – The Next Phase Of Digital Security?”
ETH/EUR has broken the downtrend and is now moving to the upside. price has given us a retracement back into the moving averages and we anticipate further upside from here. The PPO and RSI are both bullish! Upside Target: 2053 Violate below: 1756 Entry: At Market