D4rkEnergY is back with an analysis on Ethereum . Let's jump in. First of all D4 wants you to pay attention to, how Ethereum has fared compared to Bitcoin lately. The short answer is: Not good. When BTC goes up, ETH also usually goes up, but not as much. When BTC goes down, usually ETH falls even lower.
But let u take a look at the 4h ETHUSD Chart. So right now BTC is in process of making a 5th up, even though it is struggling trying to get out of the . Ethereum on the other hand already had an Failure on Wave 4. That happened after it fell out from it's ascending , which D4 predicted it would, in an earlier post.
At this moment Ethereum is trying to climb up at a new (dotted green) inside the , where it has found support. But at this very moment, we are fighting with EMA100 and EMA50 just above our head. Also D4 wants you to take notice of the . A MACD-cross is about to happen, which means that the bulls has lost their momentum to the bears.
It would be devastating for ETH if it falls through the green . We are not far from doing that. And it is almost 100 % sure it will happen if Bitcoin will fall even lower.
Therefore Ethereum needs a lot of help from Bitcoin , so it slowly and safely can climb the ladder - and hopefully also trough and out of the .
Let's cross our fingers!
D4 loves you <3
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If we manage to go up, we are still in trouble if we don't make 3 higher highs. An HS pattern will then be created, and once again we will fall through.
ETH really needs help from BTC!
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