ETHUSDT next big move to $4000 and beyond~

15 thg 8, 2021

Many lines were done to track steady uptrend on 1-hr candles from $1800.

As the trend neared last Supertrend (22,3) sell signal on the daily, 3-daily,
and weekly charts ETH has been stuck in an ascending range, painting a
bull flag.

At the publish time, the price action refused to bottom lower to previous
double bottom which is bullish in my opinion, while the 4-hr Stochastic RSI
aimed back upwards to cross over bullish as well.

Should this triple bottom complete and break out of $3340 to $3380, albeit
impulsively since its so close and 4-hr MACD + Stochastic RSI looks bullish,
I could see ETH easily shoot to $4000 over the next week or so.

Please suck my bearish TT's.

15 thg 8, 2021

Ghi chú

Thick blue line and thick green line is upper and lower range of ascending flag.

Flag pole from $2524 is the thick white line. Price might mull around $3500 to $3600 after ascending flag breakout for a day or so, then break out of longer term trendline resistance and then $4000.

15 thg 8, 2021

Ghi chú

Entry on thick green horizontal, TP thick red.

15 thg 8, 2021

Ghi chú

Supertrend (22,3):

Daily: Last two days price has poked at the long-term supertrend-daily flat-line from 23-May to 16-Jun, which presented
a challenge to uptrend but price action still held bullish on the weekly.

Weekly: Buy signal just flared, and weekly candle looks to close green with on-chain volume metrics to signal no selling and FUD.
Weekly supertrend reversal signals are very long-term, indicates strong directional momentum every time it flips.

Monthly: Price action in the past week shows that the monthly candle is looking to flip signal back to uptrend, and shows bears
failed their miserable narrative to push prices below $1700. Not a lot of price history to momentum reversals, but the monthly
has been strong upwards, denied the 3-bar bearish red monthly candle narrative that probably a lot of people forgot about.

4 thg 9, 2021

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