abusalman333

My Future Expectation for Ethereum

In the name of Allah, the Most Gracious, the Most Merciful

The analysis of Ethereum's price is as follows:

By comparing the Ethereum chart to the Bitcoin chart, it becomes clear that Ethereum has a stronger positive position in the future. The currency has not achieved a clear new peak above its historical peak at 4868; what happened was merely a false breakout followed by a price decline later.
On the contrary, Bitcoin has recorded several new peaks in the past period, which makes us expect that the next phase will be, God willing, the phase of Ethereum achieving new peaks.

On the daily timeframe, I expect the price to head towards 3575 to complete the head pattern, then start forming the right shoulder. If the neckline is broken, the expected target will be at 4527, God willing. Alternatively, it may choose to retreat from 3447 to form the right shoulder to target 4308, if God wills.
(The positive head and shoulders pattern fails below 2900.)

This positive formation gives Ethereum the opportunity to form an impulsive engulfing on the monthly timeframe, provided that the monthly closures fall within the range of 3575 – 3915.
Then it can be said that Ethereum is preparing to break its historical peak of 4868, targeting levels of 5915 and then 7331, and Allah knows best.

My Future Expectation for Ethereum

In the name of Allah, the Most Gracious, the Most Merciful

The analysis of Ethereum's price is as follows:

By comparing the Ethereum chart to the Bitcoin chart, it becomes clear that Ethereum has a stronger positive position in the future. The currency has not achieved a clear new peak above its historical peak at 4868; what happened was merely a false breakout followed by a price decline later.
On the contrary, Bitcoin has recorded several new peaks in the past period, which makes us expect that the next phase will be, God willing, the phase of Ethereum achieving new peaks.

On the daily timeframe, I expect the price to head towards 3575 to complete the head pattern, then start forming the right shoulder. If the neckline is broken, the expected target will be at 4527, God willing. Alternatively, it may choose to retreat from 3447 to form the right shoulder to target 4308, if God wills.
(The positive head and shoulders pattern fails below 2900.)

This positive formation gives Ethereum the opportunity to form an impulsive engulfing on the monthly timeframe, provided that the monthly closures fall within the range of 3575 – 3915.
Then it can be said that Ethereum is preparing to break its historical peak of 4868, targeting levels of 5915 and then 7331, and Allah knows best.

My Future Expectation for Ethereum

In the name of Allah, the Most Gracious, the Most Merciful

The analysis of Ethereum's price is as follows:

By comparing the Ethereum chart to the Bitcoin chart, it becomes clear that Ethereum has a stronger positive position in the future. The currency has not achieved a clear new peak above its historical peak at 4868; what happened was merely a false breakout followed by a price decline later.
On the contrary, Bitcoin has recorded several new peaks in the past period, which makes us expect that the next phase will be, God willing, the phase of Ethereum achieving new peaks.

On the daily timeframe, I expect the price to head towards 3575 to complete the head pattern, then start forming the right shoulder. If the neckline is broken, the expected target will be at 4527, God willing. Alternatively, it may choose to retreat from 3447 to form the right shoulder to target 4308, if God wills.
(The positive head and shoulders pattern fails below 2900.)

This positive formation gives Ethereum the opportunity to form an impulsive engulfing on the monthly timeframe, provided that the monthly closures fall within the range of 3575 – 3915.
Then it can be said that Ethereum is preparing to break its historical peak of 4868, targeting levels of 5915 and then 7331, and Allah knows best.

Peace be upon you and God's mercy and blessings

RARE currency: the currency is under the pressure of a descending wedge and is about to break free from it, and it is currently in accumulation areas through a bearish scenario. I expect that 0.0550 will be breached; if this happens, the target of the descending wedge is 0.3140, God willing, and we want half of this distance, 0.1550 is sufficient for us.

In the name of Allah, the Most Gracious, the Most Merciful. After Bitcoin failed to close weekly and monthly above 94000, the price of 77200 is the next target. Here is the expected scenario: I expect to target 88769 initially, and then drop to 83500. If it can hold above that, it will have established a rising bottom targeting 91500. If it breaks it with the body of the candle, it will look for a bottom below it at 77200. At that point, it will rebound to 91500 to fluctuate in preparation for a breakout above 93000. Then I expect to target the breakout point at 107200, if God wills, and God knows best.

In the name of Allah, the Most Gracious, the Most Merciful. After Bitcoin failed to close weekly and monthly above 94000, the price of 77200 is the next target. Here is the expected scenario: I expect to target 88769 initially, and then drop to 83500. If it can hold above that, it will have established a rising bottom targeting 91500. If it breaks it with the body of the candle, it will look for a bottom below it at 77200. At that point, it will rebound to 91500 to fluctuate in preparation for a breakout above 93000. Then I expect to target the breakout point at 107200, if God wills, and God knows best.

Peace be upon you .. I expect that Bitcoin will target in the medium term an area between 98941, which is a previous breakout point, and between 94000, which is the 50% Fibonacci point from the nearest peak. After reaching this area, I advise to step down because Bitcoin must return downwards to form a rising bottom that confirms the previous bottom formed at 80600 … and God knows best.

Peace be upon you .. I expect that Bitcoin will target in the medium term an area between 98941, which is a previous breakout point, and between 94000, which is the 50% Fibonacci point from the nearest peak. After reaching this area, I advise to step down because Bitcoin must return downwards to form a rising bottom that confirms the previous bottom formed at 80600 … and God knows best.

Peace be upon you .. I expect that Bitcoin will target in the medium term an area between 98941, which is a previous breakout point, and between 94000, which is the 50% Fibonacci point from the nearest peak. After reaching this area, I advise to step down because Bitcoin must return downwards to form a rising bottom that confirms the previous bottom formed at 80600 … and God knows best.

Peace be upon you .. I expect that Bitcoin will target in the medium term an area between 98941, which is a previous breakout point, and between 94000, which is the 50% Fibonacci point from the nearest peak. After reaching this area, I advise to step down because Bitcoin must return downwards to form a rising bottom that confirms the previous bottom formed at 80600 … and God knows best.