Ethereum / Bitcoin Spot
Although ETHEREUM has taken a support at 1500 level but the price action suggests there is more weakness to follow if it retests support again & breaks with decent volume 1300 is on the cards, BUT first wait for it to break 1500 decisively.
are we ready for this merge is near and ethereum showing a strong move against BTC it has formed a ascending triangle in 4hr time if it breaks out we can see a good rally in it price expectations are 18k in sort time and longer duration if merge goes well eth can be seen at 20-21k
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It maybe too early to say but does that look like inverted cup & handle on weekly? It would be interesting to see if it breaks that with huge volume, incase it does I would not even touch ETHEREUM for a long period of time. I hope that isn't the case though..
Looks like ethereum has more weakness ahead, 1420 is likely to be reached in quick succession and on break of that, next will be 1300. For now it looks inevitable. So liquidate your longs if you have any. IMO!!
These are the most important Ethereum levels at the moment! Pivot: ~1565 | Support: ~1533 | Resistence: ~1652
Pivot: ~1566 | 1st Support: ~1512 | 2nd Support: ~1470 | Resistence: ~1607
my favorite two MA on higher frame tell a good story. Prepare to sweep lows.
ethereum buy 1585 stoploss 1570 target 1600 or 1620 or 1650 #nfa
Ethereum facing strong resistance at 0.236 FIB Level. Will the positive hype around the merge help it to break above?
Pivot: ~1524 - 1st Resistence: ~1624 - 2nd Resistence: ~1822 - 3rd Resistence: ~1923 *Probable Pullback: ~1496
Ethereum is forming a head and shoulder pattern on a daily time frame after retracing the fibonnaci level of 38.2% and 20 DMA. The coin has given a nice movement and is retracing before another up move. The coin is trading below the moving averages. Two confirmation patterns are being formed in the coin on the daily time frame 1. Head and shoulder pattern 2....
After a sharp downmove Ethereum is sliding and can slide further to 1450 where there's a good support.
btc showing bearish strength and with its pattern and volume going for a short
The idea is that we can go for long in btc accoding to this analysis, liq is being created and now btc might go for the stoplosses and then to fill fvg. This is my personal opinion not a financial advise or any type of call!
Bulls are ready for some action in BNB on 15min timeframe, go long in BNB
Although there's a mini support of 1480 but the way its showing signs of weakness it can test 1350 in quick span of time. So brace yourself before you place any longs!!
A close below this channel would bring ethereum to 1600 evidently as it's the only good support from these levels, I'd be cautious if I'm in the long.