Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the 12-hour timeframe perspective, the recent events, the established structure, and what we can expect the next time. The last times Ethereum managed to advance further within the new all-time-high region where it has shown up with volatile movements to the up as well as to the downside, this is why I discovered a underlying important formation Ethereum is forming that can show up with further conclusions when it completes within the schedule, in this case, it is necessary to also keep the reverse perspective in mind as the cryptocurrency market is still highly volatile and there should always be a plan B, therefore I detected all the important levels and likely destinies.
Structural Developments:
As when looking at my chart now we can watch there that Ethereum has this ascending-trend-line marked in blue together with the other boundaries and the upper-boundary in black, these trendlines together forming this ascending-accumulation-channel in which Ethereum also formed the coherent wave-count and already almost completed waves A to D where it is now testing the lower boundary and the supports lying there, this will be extremely crucial as Ethereum needs to hold these levels to finally establish the wave E to fully come up with the bullish potentials that lead to a wave-E-extension and finally breakout above the upper-boundary with further conclusions to be made.
Upcoming Determinations:
Ethereum is in a situation now where it is holding above important reference-points in the structure from where it is building up to potentially make the next major move ahead upcoming times that will shift the dynamic into something more solid and sustainable, therefore it is of high necessity to elevate the further conclusions before finally moving into the confirmed direction. When Ethereum manages to back-up here and continues bullishly this will lead to a continuation finally above the upper-boundary. Currently, the bullish back-up with further continuation is more likely than Ethereum breaking below the ascending-trend-line and visiting lower levels, it will be an important development.
In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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 markets.
Welcome to this analysis about Ethereum, we are looking at the 12-hour timeframe perspective, the recent events, the established structure, and what we can expect the next time. The last times Ethereum managed to advance further within the new all-time-high region where it has shown up with volatile movements to the up as well as to the downside, this is why I discovered a underlying important formation Ethereum is forming that can show up with further conclusions when it completes within the schedule, in this case, it is necessary to also keep the reverse perspective in mind as the cryptocurrency market is still highly volatile and there should always be a plan B, therefore I detected all the important levels and likely destinies.
Structural Developments:
As when looking at my chart now we can watch there that Ethereum has this ascending-trend-line marked in blue together with the other boundaries and the upper-boundary in black, these trendlines together forming this ascending-accumulation-channel in which Ethereum also formed the coherent wave-count and already almost completed waves A to D where it is now testing the lower boundary and the supports lying there, this will be extremely crucial as Ethereum needs to hold these levels to finally establish the wave E to fully come up with the bullish potentials that lead to a wave-E-extension and finally breakout above the upper-boundary with further conclusions to be made.
Upcoming Determinations:
Ethereum is in a situation now where it is holding above important reference-points in the structure from where it is building up to potentially make the next major move ahead upcoming times that will shift the dynamic into something more solid and sustainable, therefore it is of high necessity to elevate the further conclusions before finally moving into the confirmed direction. When Ethereum manages to back-up here and continues bullishly this will lead to a continuation finally above the upper-boundary. Currently, the bullish back-up with further continuation is more likely than Ethereum breaking below the ascending-trend-line and visiting lower levels, it will be an important development.
In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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 markets.
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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.