Ethereum (ETHUSD)’s near complete weekly Doji after 4 straight green weekly candles reflects healthy consolidation after the fresh record high early this past week. Significantly, ETHUSD is hesitating as it nears upchannel resistance (on the daily and weekly chart), coinciding roughly with the psychologically key 5k whole figure level…
Tag: XRPUSD
Ethereum (ETHUSD) Tries Regaining Fresh Record High
Ethereum (ETHUSD) rallied to another record high mid week, and is seeing a bit of healthy consolidation as it bumps up against upchannel resistance (on the daily chart). Significantly, ETHUSD appears to be extending what some would argue on the weekly chart has been a Bull Flag (on the weekly chart), or continuing an upchannel…
Ethereum (ETHUSD) Weekly Chart Bull Flag Tries Extending
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Ethereum (ETHUSD) Consolidates After Retesting Record High
Ethereum (ETHUSD) is consolidating after surging in the past week to its record high. Significantly, ETHUSD decisively broke above triangle resistance (on the weekly chart) last week, setting the stage for the next extension of the major rally from the March 2020 low to the May 2021 peak…
Ethereum (ETHUSD) Retesting Weekly Chart Triangle Resistance
Ethereum (ETHUSD) surged in the past week, and is suddenly within a week’s volatility of testing the September and 2021 high. Significantly, the much higher September low versus the July low dramatically increases the odds of a decisive break above triangle resistance (on the weekly chart) this week…
Ethereum (ETHUSD) Nears Weekly Chart Triangle Resistance
Ethereum (ETHUSD) tacked on more gains last week, and is likely to consolidate this week before it can resume rallying back towards the September and 2021 high. Significantly, with ETHUSD back above the psychologically key 3500 whole figure level, odds are suddenly elevated for a higher October low versus the September low, and for a retest of triangle resistance (on the weekly chart) in October…
Ethereum (ETHUSD) Halts September Slide Near Key 3K Level
Ethereum (ETHUSD) has rebounded sharply since mid last week, and appears to have halted the slide since the September peak with the current weekly candle having more than reversed last week’s losses. Significantly, ETHUSD has bounced from the 61.8% Fib retrace of the July to September rally, and is suddenly nearing the psychologically key 3500 whole figure level…
Ethereum (ETHUSD) Retraces Half of July-September Rally
Ethereum (ETHUSD) has slid sharply since the September peak and appears at high risk of extending the downturn going into month end. Significantly, ETHUSD is retesting the 50% Fib retrace of the July to September rally, and has fallen back below the psychologically key 3k whole figure level…
Ethereum (ETHUSD) Retesting 61.8% Fib Retrace of May-Jul Fall
Ethereum (ETHUSD) spent the past week consolidating again near the 61.8% Fib retrace of the May-Jul Fall. Significantly, the ETHUSD remains vulnerable to falling further this week as part of a healthy correction from the September high, particularly with ETHUSD testing upchannel support (on the daily chart)…
Ethereum (ETHUSD) Back to Near 50% Fib Retrace of May-Jul Fall
Ethereum (ETHUSD) saw a fairly sharp but healthy correction this past week, and is now testing upchannel support (on the daily chart) and the 50% Fib retrace of the May-Jul Fall. Significantly, although odds are decent for the ETHUSD to slide further this week to the psychologically key 3k whole figure level, the likelihood is fairly low for now that ETHUSD is at the beginning of a deeper slide similar to what was seen in May-June…