Technical Wave Patterns Turn Bullish for Ethereum as Price Reaction Intensifi...
Ethereum (ETH) is under a pivotal week as traders weigh a mix of macroeconomic expectations, institutional developments, and strengthening technical signals. Related Reading: Midnight Goes Live As Cardano Founder Targets A $10 Billion Ecosystem With the Federal Reserve set to deliver its next rate decision, market participants are watching how Ethereum’s recent momentum interacts with […]
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Bitcoin price continued sideways today in low volume trade that is looking more and more likely to turn to decline. Two wave counts reflect the ambiguity of the current juncture of price. At the present high inside the rising channel (dotted grey lines), the B-C-D count (black labels) has reached a corrective high from where we’d expect to see decline to at least $370 – the level of the base of the previous corrective advance. An alternate wave count (red labels) is bullish and would see price accelerate to the upside in a rally toward $500. Today’s 15-minute and 1-hour charts (not shown)....
Amid a general crypto market rebound, SUI stood out from the crowd, emerging as the second-highest weekly gainer, rising by 67.21%. The prominent altcoin has been one of the major headliners of the current market cycle, increasing by 192.70% in the past year. However, certain market technical indicators show that SUI is likely headed for a correction following its most recent explosive gains. Related Reading: SUI Price Soars Despite Overbought RSI – Can The Rally Sustain? Elliott Wave Count Suggests Pullback Looms For SUI In an X post on Friday, X market analytics handle More Crypto....
Ethereum Price Key Highlights. Ethereum price seems to be recovering from its earlier drop, as it is trying to establish a new uptrend visible on its 1-hour time frame. Price is moving slowly inside an ascending channel and is currently testing support. Ethereum price might be able to sustain its short-term climb, with technical indicators and candlestick patterns suggesting a bounce. Bullish Divergence Seen. Stochastic has made a shallow bullish divergence, with price forming lower lows and the oscillator drawing higher lows. This indicator is heading higher, which suggests that ethereum....
Ethereum price looks like setting up for a minor downside move. A break and close below the 100 hourly SMA may ignite a reaction. Ethereum Price – Move towards $9.00 possible? Ethereum price ETH corrected in two waves recently after making a minor top near $10.44. It moved down on a couple of occasions, but the 100 hourly simple moving average managed to prevent a downside move. However, the current price action suggests that there is a chance of ETH breaking the 100 hourly SMA in the short term. There was a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD,....
In this episode of NewsBTC’s daily technical analysis videos, we examine two bear market corrective patterns in Bitcoin price according to Elliott Wave Theory. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 14, 2022 After yesterday’s CPI report, Bitcoin is once again on the ropes. At this point, we need to consider the potential of another downside move if support fails. In yesterday’s video, it was mentioned we would be reviewing two potential corrective patterns according to Elliott Wave Theory to provide a bullish and bearish scenario. Related....