Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the daily timeframe perspective. Since Ethereum stopped initially with its uptrend and showed up with bearish pullbacks moving into previous supports and testing them I discovered a massive formation Ethereum is forming that will be a determining source within the upcoming times, therefore it is necessary to keep patient and wait for the proper validations within the schedule before finally moving into the more likely direction as possibilities in the market can also change this should be an integrated term in ones trading philosophy without that the speculativeness overrides, therefore, I discovered all the important levels and likely destinies we should consider with Ethereum.
Structural Developments:
As when looking at my chart now we can watch there how Ethereum is building this massive head-and-shoulder-formation marked with the neckline in blue, within this formation, Ethereum already completed the left shoulder and the head within the schedule and is now about to form the right shoulder as Ethereum already pulled back from this main descending trend-line the right-shoulder-development is about to complete within the next times when Ethereum moves into the 65-EMA in red as well as the 55-EMA in green matching together with the neckline. When Ethereum approaches these zones it will be the final decision-point for further developments and it is important to elevate rather Ethereum bounces there or increases with bearish pressure.
Upcoming Determinations:
Taking all these factors into consideration now Ethereum is in a situation in which it will conclude the major decisions once the right shoulder completed. For now, the bullish breakout has a higher likelihood by 55% compared to the bearish with 45% nevertheless these possibilities can change also, therefore, it will be necessary to elevate how Ethereum approaches the lower supports and how it continues from there before moving into the final direction. It is better to properly line-up and to prepare for the appropriate eventualities than to rush into trades that do not satisfy. Therefore we should not overspeculate the market in a one-sighted direction, better to wage the possibilities and to come to a final conclusion, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Ethereum, we are looking at the daily timeframe perspective. Since Ethereum stopped initially with its uptrend and showed up with bearish pullbacks moving into previous supports and testing them I discovered a massive formation Ethereum is forming that will be a determining source within the upcoming times, therefore it is necessary to keep patient and wait for the proper validations within the schedule before finally moving into the more likely direction as possibilities in the market can also change this should be an integrated term in ones trading philosophy without that the speculativeness overrides, therefore, I discovered all the important levels and likely destinies we should consider with Ethereum.
Structural Developments:
As when looking at my chart now we can watch there how Ethereum is building this massive head-and-shoulder-formation marked with the neckline in blue, within this formation, Ethereum already completed the left shoulder and the head within the schedule and is now about to form the right shoulder as Ethereum already pulled back from this main descending trend-line the right-shoulder-development is about to complete within the next times when Ethereum moves into the 65-EMA in red as well as the 55-EMA in green matching together with the neckline. When Ethereum approaches these zones it will be the final decision-point for further developments and it is important to elevate rather Ethereum bounces there or increases with bearish pressure.
Upcoming Determinations:
Taking all these factors into consideration now Ethereum is in a situation in which it will conclude the major decisions once the right shoulder completed. For now, the bullish breakout has a higher likelihood by 55% compared to the bearish with 45% nevertheless these possibilities can change also, therefore, it will be necessary to elevate how Ethereum approaches the lower supports and how it continues from there before moving into the final direction. It is better to properly line-up and to prepare for the appropriate eventualities than to rush into trades that do not satisfy. Therefore we should not overspeculate the market in a one-sighted direction, better to wage the possibilities and to come to a final conclusion, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.