Ethereum's native asset Ether (ETH) may rebound by nearly 60% in the coming sessions as the bulls pin hopes on a classic bullish continuation pattern.Prices may rise to or above $6,500 from their current levels near $4,100 after completing a "cup and handle" formation, hinted Matthew Hyland, an independent on-chain analyst, in a tweet published Monday. A perfect Cup and Handle … [Read more...] about Ethereum ‘huge Cup & Handle pattern’ reaffirms $6.5K ETH price target
Pattern
Ascending channel pattern and Ethereum options data back traders’ $5K ETH target
Ether (ETH) bulls seem excited by the recent $4,870 all-time high that was hit on Nov. 10. While it was a new high in U.S. dollar terms, ETH is still 51% below June 2017’s price in Bitcoin (BTC) terms. But it’s entirely possible that the 0.155 BTC level reached in the previous cycle reflected the overzealous expectations that were rampant during the initial coin offering … [Read more...] about Ascending channel pattern and Ethereum options data back traders’ $5K ETH target
In Craig Wright Trial, Plaintiffs Lay Out Pattern of Fraud, Deceit and Hubris
On April 23, 2014, Kleiman reached out to Wright via email for answers. ”I feel like there are discrepancies in the contracts between you and W&K, such as Dave’s signature, his resignation, transfer of all accountable value, Uyen’s role of director, BAA projects, etc...I do believe we need to remedy the lopsided contractual exchange,” Kleiman wrote. Source link … [Read more...] about In Craig Wright Trial, Plaintiffs Lay Out Pattern of Fraud, Deceit and Hubris
Traders know not to ‘go long’ when this classic trading pattern shows up
Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend.A “descending channel,” also known as a “bearish price channel” is formed by drawing two downward … [Read more...] about Traders know not to ‘go long’ when this classic trading pattern shows up
Traders use this classic trading pattern to determine when to ‘buy the dip’
Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel. An ‘ascending channel’ or a “bullish price channel” is formed by drawing parallel lines between the perceived support and resistance levels that an asset trades between on … [Read more...] about Traders use this classic trading pattern to determine when to ‘buy the dip’