Ethereum Chart Issues Several Buy Signals
Ethereum is, imho, the play of the day. We have finally gotten a likely close on the long-term daily chart on the sunny side of the 3rd arc. This is not trivial. This development is supported by several other geometric considerations of the chart. For instance, here is a short-term bear setup from the recent swing high: As you can see, we have a significant green candle that occurred EXACTLY at 3rd arc support, and exactly at the end of the 2nd square. There is more. Here is a long-term bear setup of the same chart: This long-term bear setup, most amazingly, ALSO shows a bounce off 3rd arc....
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Bitcoin price has been rearing to go all weekend. Conflicting technical signals had both advance and decline as likely outcomes of the price consolidation on Saturday. By Sunday morning (UTC) the buy signals were unmistakable. 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: 15h51 UTC. BTC-China 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: We have buy signals....
Ethereum has dramatically underperformed Bitcoin over the past two weeks. The coin has gained 13% in the past two weeks while BTC has gained 20%. Analysts think that the gap may begin to close shortly. One trader noted that there are a number of technical signals derived from the Ichimoku Cloud indicator suggesting Ethereum will move higher. Ethereum Forms Pivotal Bull Signals Ethereum has dramatically underperformed Bitcoin over the past two weeks. The leading crypto […]
Ethereum has remained resilient over the past few weeks, holding firmly above key support levels despite a broader market pullback. While many altcoins have struggled to find direction, ETH continues to trade above the $2,500 zone — a level that has repeatedly served as a strong foundation during times of uncertainty. Now, all eyes are […]
There is still very little to deduce from the bitcoin price chart. Whether looked at in the larger or smaller timeframes, there are no definite signals to trade. The 15-minute chart moving averages are in disarray and the technical indicators hardly provide profitable signals. For example, the stochastics (second from top) signal a large number of conflicting divergence signals – but how to discern which one is a reliable entry signal? Some precede medium range moves, others – accompanied by MA cross-overs – result in tiny moves. The overall impression is that the market sentiment is in....
Is it possible that Ethereum will start facing issues with scaling and governance like bitcoin once it becomes big enough? Bitcoin block size and scaling issue can easily win the debate of the year award if there is anything of that sort. Now, the next best thing in the crypto industry is Ethereum. Ethereum is another crypto-platform for creating blockchain-based applications and smart contracts. Even though Ethereum was not originally designed to be a currency, it has become one due to an increase in its demand, causing its value to soar. Compared to Bitcoin, Ethereum is still in its....