Hi,
Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspectives. In recent times Ethereum has managed to back up from its heavy bearish downside volatility. Besides that it established this massive ascending-channel-formation with the testing of the upper boundary already, when Ethereum now shows up with further stabilizations within the structure and above the 15- as well as the 10-EMA this will lead to the breakout and in addition to that to the major wave-C-extension to the upside as marked in my chart. When Ethereum does not manage to hold the EMAs this will firstly lead to a testing of the lower boundary however this does not mean Ethereum can emerge with the significant bullish breakout later on.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The eyes only see what the mind is ready to comprehend."
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 4-hour timeframe perspectives. In recent times Ethereum has managed to back up from its heavy bearish downside volatility. Besides that it established this massive ascending-channel-formation with the testing of the upper boundary already, when Ethereum now shows up with further stabilizations within the structure and above the 15- as well as the 10-EMA this will lead to the breakout and in addition to that to the major wave-C-extension to the upside as marked in my chart. When Ethereum does not manage to hold the EMAs this will firstly lead to a testing of the lower boundary however this does not mean Ethereum can emerge with the significant bullish breakout later on.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The eyes only see what the mind is ready to comprehend."
Information provided is only educational and should not be used to take action in the market.
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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.