Hello Cryptoholics!
Who is ready to see ETH moon to a new ATH, just like BTC did?
What if ETH runs from $250 - $20,000 this bull run, like BTC did the last bull run? Albeit $20K seems like a moon shot, I definitely think is is possible, provided US and global markets do not tank from adverse impacts of the government shut downs (Plandemic) and the Great Reset! Muhahahaha!
ETH is in an uptrend making higher highs and higher lows on the 12H. Seeing as how ETH just made a higher low, I suspect ETH will try to make a new higher high!
We can see three strong drives of hidden bullish divergence on RSI.
If the next 12H candle closes above horizontal support around $1200, then continuation toward the top of the range ($1350 - $1450+) is likely!
We can also see the 21EMA and the 0.236 Fibonacci right in-line with the horizontal support/resistance zone at $1200. This helps to reinforce this area as support, provided we see a 12H close above it.
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
Who is ready to see ETH moon to a new ATH, just like BTC did?
What if ETH runs from $250 - $20,000 this bull run, like BTC did the last bull run? Albeit $20K seems like a moon shot, I definitely think is is possible, provided US and global markets do not tank from adverse impacts of the government shut downs (Plandemic) and the Great Reset! Muhahahaha!
ETH is in an uptrend making higher highs and higher lows on the 12H. Seeing as how ETH just made a higher low, I suspect ETH will try to make a new higher high!
We can see three strong drives of hidden bullish divergence on RSI.
If the next 12H candle closes above horizontal support around $1200, then continuation toward the top of the range ($1350 - $1450+) is likely!
We can also see the 21EMA and the 0.236 Fibonacci right in-line with the horizontal support/resistance zone at $1200. This helps to reinforce this area as support, provided we see a 12H close above it.
---
Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
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Kommentar:
The POC adds additional strength to this support/resistance zone!
