Ethereum Price Technical Analysis - Reversal Signal Confirmed!
Ethereum Price Key Highlights. After forming a head and shoulders pattern indicated in yesterday's technical analysis article, ethereum price broke below the neckline and confirmed the potential selloff. Price also broke below the rising trend line support, adding to the downtrend signals on the 1-hour time frame. Ethereum price could have its sights set on the next visible floor around 0.0200, although a pullback to the broken neckline and trend line support might be seen. Resistance at 61.8% Fib? The 61.8% Fibonacci retracement level is closest to the broken rising trend line and is also....
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Crypto analyst Dark Defender has shared an extremely bullish technical analysis on XRP via X, suggesting a bullish reversal and the possibility of “God Candles.” The analysis uses a variety of technical indicators and chart patterns to project an optimistic outlook for XRP. XRP Price Poised For ‘God Candles’? The core of Dark Defender’s (@DefendDark) analysis is focused at two indicators which suggest a change of trend. The first one is the breakout above a descending trendline. This move is critical as it means that XRP eliminated its first key resistance and suggests a....
An analyst has pointed out how Chainlink is forming a TD Sequential sell signal right now, which could lead to a retracement to this level. Chainlink Could Decline To $12.50 Following The Sell Signal As explained by analyst Ali in a new post on X, LINK could be heading toward a correction based on what the TD Sequential signal says. The “Tom Demark (TD) Sequential” is a popular indicator in technical analysis that is used to pinpoint reversals in the price of any asset (which, in the current discussion, is naturally Chainlink). The metric gives a signal whenever the asset has....
A cryptocurrency analyst has pointed out how the Tom Demark (TD) Sequential has just given a buy signal on the hourly XRP price chart. XRP Has Just Witnessed A Bullish Setup On TD Sequential In a new post on X, analyst Ali Martinez has discussed about a TD Sequential signal that XRP has seen recently. The “TD Sequential” here refers to an indicator from technical analysis (TA) that’s used for locating probable points of reversal in any asset’s price. The indicator consists of two phases: setup and countdown. In the first of these, candles of the same polarity (that....
Yesterday's 4-hour chart reversal signal had seen price turn down, but only briefly. The declining wave did not make a new local low and reverse divergence has forced price to the upside again. Technical analysis finds this advancing wave has little hope of making headway. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 17h09 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Here in the 1-hour chart,....
Bitcoin price might be in for a larger drop based on the short-term reversal formation but technical indicators are giving a different signal. Bitcoin Price Key Highlights. Bitcoin price seems to be having trouble sustaining its climb, as it started forming lower highs so far this week. A head and shoulders pattern seems to be forming, indicating a potential reversal if price breaks below the neckline around $570. If that happens, bitcoin price could drop to the next visible support around $540. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance....