Hi my friends,
Welcome to this analysis about Ethereum in which we are looking at the 3-days timeframe perspective. Ethereum recently has shown up with some great breakouts above the previous all-time-high-condition taking up a same pattern like Bitcoin already did after approaching the new highs, yet there are important divergences that need to be assessed as the spread between the certain coins increase more, with Ethereum there is certainly potential given however there are also important considerations that can lead to volatility and pullbacks, therefore I detected all the important levels and likely perspectives we should consider within the developed structure and upcoming movements ahead.
As when looking at my chart we can watch there Ethereum formed this clean and clear breakout above the upper boundary of the major global ascending-channel-formation marked in black after which it also managed to advance within the new all-time-high given, furthermore it is important that Ethereum is above the 25-EMA in red and the 15-EMA in green and besides these factors Ethereum has now developed this steeper ascending-channel in which it tests the upper-boundary that can lead to the wave D upcoming developing within the wave-count Ethereum has formed, when this wave E manages to bounce within the structure and holds the level to do not fall into the bearish ground again this will be a solid setup for the wave E to approach nevertheless this wave E will run directly into upper layers of overbought areas where a short can be considered as Ethereum is also in overbought conditions already this dynamic and possibility should not be underestimated, we will see how this dynamic continues, it will be a interesting and exciting journey ahead.
In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about Ethereum in which we are looking at the 3-days timeframe perspective. Ethereum recently has shown up with some great breakouts above the previous all-time-high-condition taking up a same pattern like Bitcoin already did after approaching the new highs, yet there are important divergences that need to be assessed as the spread between the certain coins increase more, with Ethereum there is certainly potential given however there are also important considerations that can lead to volatility and pullbacks, therefore I detected all the important levels and likely perspectives we should consider within the developed structure and upcoming movements ahead.
As when looking at my chart we can watch there Ethereum formed this clean and clear breakout above the upper boundary of the major global ascending-channel-formation marked in black after which it also managed to advance within the new all-time-high given, furthermore it is important that Ethereum is above the 25-EMA in red and the 15-EMA in green and besides these factors Ethereum has now developed this steeper ascending-channel in which it tests the upper-boundary that can lead to the wave D upcoming developing within the wave-count Ethereum has formed, when this wave E manages to bounce within the structure and holds the level to do not fall into the bearish ground again this will be a solid setup for the wave E to approach nevertheless this wave E will run directly into upper layers of overbought areas where a short can be considered as Ethereum is also in overbought conditions already this dynamic and possibility should not be underestimated, we will see how this dynamic continues, it will be a interesting and exciting journey ahead.
In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
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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.