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Ethereum Bullish vs Bearish long termEthereum is forming a bearish wedge pattern on high time frame and to vakidate that pattern it has to rise and confirm the third and final rejection from the top rising trendline.
Imo by the end of this year the downward trend will again start.
If it hold here then it's a great opportunity or else stay vigilant.
Ethereum short
Ethereum doing a hangman on the 2 hour chart showing some buying exhaustion and it is also very close to a resistance.
The sell is just below the weekly VWAP with an exit in the high volume area of the book.
Note - If the asset breaks the resistance upwards, it does not take the buy order
Ethereum short wave analysis #Elliot_HarishRaoEthereum come down wave c
wave c internal wave 1,2,3,4,5
wave 1,2,3,4 complete
wave 4 retracment wave 3 is 62 % near
I draw trend line channel this chart wave 2nd to 4 rth andle of trend line 19 degree and i draw 4rth to trend line 19 degree bitcoin compelte near the correction
wave 5 interal wave 1,2,3,4,5
Ethereum - Good time to consider buying ?Ethereum is taking support of trendline.
20 DMA below price level. Could be a good support until broken.
If 20DMA broken, then we may need to reconsider buying level.
If day's candle closes above previous day high, then its a buy.
RSI is approximately >60
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.