(Grab your trading glasses and let's dive deep! But remember, always DYOR – Do Your Own Research.)
https://www.tradingview.com/x/0bVmtvpF/
Monthly Chart
🔹Blink and You Might Miss It: First-ever Blood Diamond appeared on $ETH. Time is ticking with less than 24 hours for its confirmation. A part of me earnestly hopes that this Blood Diamond does not come to fruition. Such symbol can often lead to significant market movements, and if confirmed, we might be gearing up for a wild ride.
🔹Safe Haven: All eyes are set on the $1,730 mark, at least my eye LOL. Why, you ask? Well, if $ETH can bravely hold its ground above this level, it could very well debunk the threatening presence of the blood diamond. While technical patterns are pivotal, they're not set in stone.
🔹Drowning Metrics: Ever been on a boat when there's a storm looming? That's what the current Stoch RSI & RSI metrics seem to depict for $ETH. They're both signaling that the asset is oversold. Moreover, with the VWAP (Volume Weighted Average Price) chilling at a frosty -0.8 below the neutral 0 line, it’s akin to a compass pointing towards rough seas ahead.
🔹Trend Watch: there is potential ETH downtrend . While nothing is definite in the world of cryptos, it's essential to be prepared for rain or shine. In this context, it's best to have those protective umbrellas – or hedge strategies – at the ready. Remember, being proactive rather than reactive often pays dividends in the crypto realm.
https://www.tradingview.com/x/eevQy0Wx/
🔹Hidden Gems: A sneaky hidden bullish divergence is making its play on $ETH. Who doesn't love a plot twist?
🔹Triple Threat: Price Action has danced with the EMA (Exponential Moving Average) 200 not once, not twice, but thrice!
🔹Flowing Green: The green money flow is putting up numbers at 4.7 but is slightly curving downwards - a rollercoaster in the making?
🔹Deep Dive: With VWAP lurking at -9.6, it could be a slow burn as we wait for this divergence to unravel. Patience is a Virtue.
https://www.tradingview.com/x/GVrHg4ZA/
Daily Chart
🔹Stay Positive: Good news? The VWAP(Volume Weighted Average Price) is floating above the 0 line.
🔹Under the Weather: Price Action seems a tad under, chilling below the EMA 200.
🔹Seeing Red: A thick layer of red money has settled at -21.41. Hasn't show a sign of decreasing.
🔹Deep Blue Sea: Blue wave is plunging, making its descent well below the 0 mark.
🔹Middle Ground: RSI (Relative Strength Index) is playing it safe at 51.35, refraining from hopping over to the overbought zone.
https://www.tradingview.com/x/Slh41BkK/
4Hour Chart
🔹Wave Alert: The Blue wave is taking a dive below 60. But hey, the next wave might just surprise us with a cheerful green dot!
🔹Heat Wave: RSI is turning up the heat, chilling in the overbought zone 64.41.
🔹Double Trouble: Red money flow -12.56 and VWAP are sinking at -4.61.
🔹Target Acquired: Keep those binoculars on the EMA 200 target. $1,747, we're watching you!
I'd love to hear your thoughts on this analysis and any other insights you might have picked up in the crypto realm. Looking forward to see your comment at the comment section.
A quick reminder: This ETH technical analysis is like reading tea leaves – intriguing but not gospel. Always, always DYOR before making any investment/trading decision.
As always, arm yourself with knowledge, be cautious in your trades, and remember: Where your money goes, your heart follows. Your capital, your decision, your responsibility!
Trade smart, stay informed, and may your trades always be in your favor!
Posted Using LeoFinance Alpha
Very nice analysis about Ether thanks for presenting the topic nicely.
Thank you @kawsar8035, glad that you like the analysis. 🥰
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