Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next?
An analyst has pointed out how Ethereum has seen a sell signal on the Tom Demark (TD) Sequential alongside the retest of a key resistance line. Ethereum Is Trading Around Upper Boundary Of Descending Channel In a new post on X, analyst Ali Martinez has talked about how Ethereum is looking from a technical analysis (TA) perspective. First, Martinez has pointed out that ETH has been trading inside a Descending Channel for the last couple of months. Related Reading: Bitcoin STH Whale Profits Hit $10.1 Billion, Highest For The Cycle The Descending Channel refers to a consolidation pattern that....
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In just 48 hours, Ethereum rocketed over 50% from $770 to roughly $1140 at last night’s overnight high. The massive Sunday candle was the lead up to a sell signal forming on daily timeframes. Was this latest push higher the last impulse in Ethereum’s bull trend? Or like Bitcoin, will this sell signal fail, and […]
Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold it if it is to confirm more upside. Ethereum Could Soon Drop Under $300, Analysts Fear Ethereum is primed to […]
Ethereum has been struggling to break above $600 throughout the day, with the selling pressure proving significant. Each break above this level has caused it to see inflows of selling pressure that have slowed its growth and caused it to see slight rejections at this level. It is important to note that bulls are still […]
On-chain data shows the Bitcoin taker buy/sell ratio started showing a green signal shortly before the surge above $22k. Bitcoin Taker Buy/Sell Ratio Is Now Showing a “Buy” Signal As pointed out by an analyst in a CryptoQuant post, the BTC taker buy/sell ratio suggested a bounce not too long before the rally today. The […]
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....