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- Dec 6, 2024
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For now, my primary trade is Ethereum, and here's my analytics on ETH-USD:
I've got a long position on Ethereum. Longing means purchasing the asset, now Ethereum, in the hopes of the price going upward. It's the ETH-USD pair, which means Ethereum's price compared to the US Dollar. The green channel means an upward trend (bullish).
I bought Ethereum because I recognized a Cup and Handle pattern (Green) and various triangles (Blue and white). Cup and Handle is usually an indication of the price going higher. If Ethereum respects the Cup and Handle pattern and breaks the triangles upward, I read it as an indication that the price would go even higher as the cyan arrow shows. Previous tops define a specific resistance for Ethereum (Red). If the price can't break this resistance, the market might turn upside down. The underlying support level is at $3400.
As I am writing this, Ethereum is already testing to break the $4000 resistance, and if it's successful, the price might go as high as $5000.
Where do you think Ethereum will go?
I've got a long position on Ethereum. Longing means purchasing the asset, now Ethereum, in the hopes of the price going upward. It's the ETH-USD pair, which means Ethereum's price compared to the US Dollar. The green channel means an upward trend (bullish).

I bought Ethereum because I recognized a Cup and Handle pattern (Green) and various triangles (Blue and white). Cup and Handle is usually an indication of the price going higher. If Ethereum respects the Cup and Handle pattern and breaks the triangles upward, I read it as an indication that the price would go even higher as the cyan arrow shows. Previous tops define a specific resistance for Ethereum (Red). If the price can't break this resistance, the market might turn upside down. The underlying support level is at $3400.

As I am writing this, Ethereum is already testing to break the $4000 resistance, and if it's successful, the price might go as high as $5000.
Where do you think Ethereum will go?