Ethereum / TetherUSGüncellendi ETHUSDT - What to expect
The crypto giant Ethereum has started a downtrend since November 2021 and after completing wave 5 of Elliott. An AB-CD target has been hit accurately on June 19, 22 which could be a reversal point target areas near 2378.
The speculations here have an unusual habit that need to be taken into consideration. After the completion of any patterns, there is another one in progress which may signify more control or more acquisition of coins by speculators (accumulation). In March 19, 22, look at the double bottom formed after the completion of inverse Head and shoulders which it hits the target very accurately. Also, after the completion of harmonic pattern in June 19, an ascending right angle has been formed and ultimately reached beyond its bullish target.
Ethereum is now at the apex of a symmetrical triangle and right before that there was a top bearish head and shoulders (not an ideal one though) so it could be a distribution who knows. FYI, RSI also shows a technical weakness!
Here is the possible scenario: either it goes very bearish to target mid price channel 640 by breaking down the triangle, or hits the harmonic wave reversal target of 2378.
The speculations here have an unusual habit that need to be taken into consideration. After the completion of any patterns, there is another one in progress which may signify more control or more acquisition of coins by speculators (accumulation). In March 19, 22, look at the double bottom formed after the completion of inverse Head and shoulders which it hits the target very accurately. Also, after the completion of harmonic pattern in June 19, an ascending right angle has been formed and ultimately reached beyond its bullish target.
Ethereum is now at the apex of a symmetrical triangle and right before that there was a top bearish head and shoulders (not an ideal one though) so it could be a distribution who knows. FYI, RSI also shows a technical weakness!
Here is the possible scenario: either it goes very bearish to target mid price channel 640 by breaking down the triangle, or hits the harmonic wave reversal target of 2378.
İşlem aktif
watch out for the upcoming resistances highlighted in the chart.
İşlem aktif
Target one achieved. It is also a resistance.
Not
`Top head n' shoulders is in progress, and volumes are ideal! however, short can only be confirmed if support (neckline) is broken down. At a top of the formation, there is a strong resistance that the coin could not penetrate three times. 1562 is a trigger point here. let's see if ETH could cross over it.
İşlem aktif
Ascending triangle has been formed (some chartists perceive it as a rising wedge) well if it is a rising wedge, then it is bearish. But I don't count the wicks!
Not
Since many have shorted the coin, it is a great opportunity for an accumulation! Respect to the giant crypto coin.Not
hit the second target!İşlem aktif
Not
Following the BTC, Ethereum has also completed a top h&ss pattern in which neckline is not broken down. Short is only confirmed when neckline is broken. İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.