---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart -------
ETH/USDT: Bullish reversal confirmed
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. There is now a bullish reversal confirmed after having reintegrated 1440
Market configuration
- Graphical Elements :
Graphical support = 1170 / 880
Graphical Resistance = 1670 / 1830 /2170
- Mathematical Indicators:
EMA ( Exp Moving averages) are support = Bullish
RSI indicator (below) is now above 50% = BUllish
- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (v) (c) (4) is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 1670 and 1830
Fibonacci bullish wave target at 2170
Fibonacci bullish wave support at 1170
Fibonacci bearish wave target at 880
Conclusion
Prefered case => As long as 1170 remains support a larger recovery towards 1670 and 1830 (intermediate before 2170 is expected
Alternative case => Breaking 1170, double bottom to 880 will occur
ETH/USDT: Bullish reversal confirmed
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. There is now a bullish reversal confirmed after having reintegrated 1440
Market configuration
- Graphical Elements :
Graphical support = 1170 / 880
Graphical Resistance = 1670 / 1830 /2170
- Mathematical Indicators:
EMA ( Exp Moving averages) are support = Bullish
RSI indicator (below) is now above 50% = BUllish
- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (v) (c) (4) is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 1670 and 1830
Fibonacci bullish wave target at 2170
Fibonacci bullish wave support at 1170
Fibonacci bearish wave target at 880
Conclusion
Prefered case => As long as 1170 remains support a larger recovery towards 1670 and 1830 (intermediate before 2170 is expected
Alternative case => Breaking 1170, double bottom to 880 will occur
Dagangan aktif
1830 target reached and surpassed a new analysis will be published
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.