Ethereum November 2018 Comparison Points to Capitulation at $40

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This chart represents a potential bear scenario based on the the 3D Timeframe on Ethereum. It shows the 3D momentum's pending a bear cross similar to November 2018. Clearly, we already broke down as seen on the chart and may start washing down towards the target of the bearish H&S at $62-55 with a wick to $48-40 in a similar manner while moving within the bearish parallel channel for a last 3rd leg down (3 Drive Pattern).

As of now, the 1H 2H 3H 4H 6H 12H Bollinger Bands squeeze has spoken and in my opinion should confirm to the downside once news lows are made below $80 should the potential double bottom fail (see our bull chart in Telegram).

The bears will seek for a proper capitulation of this market to punish the still hopeful bulls by selling off past the bottom of the green falling wedge and $84-80 support towards the target of the large red H&S we have been following for more than a month now.

The target of the Bearish H&S is at $62-55 with a potential capitulation wick to $40-33. These areas would be ideal for a long-term investment in Crypto. I would be preferably investing there if the chance presents itself (same for ALTS).

Note: We also have published the bull case on our telegram channel. Join us there to get more detailed updates.

ETHUSD Bear Bull Scenarios Chart:

ETHUSD Short-term Chart: See our Telegram Channel for the Chart (unable to post external chart links here!)

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The bears were a no show for another round of selling similar to November 28. The market although not oversold on the 4H or 1D refused to go lower and the downtrend timed out. I believe we will see the Ethereum Constantinople rally unfold within the next 3 weeks. Once done around February 27 we can revisit this chart as I do expect a sell off again from the top at $160-170 roughly back own to at least the support at $114-110 or $105-104 again.

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Please note that we are still within the Ethereum bear channel and today we managed to hit its top at $122 roughly.

In order for the bulls to cancel the bear scenario and not end up like last November, they must break out from the bear channel at $122 and confirm the bull trend by hitting $130 within a week.

I highly think that the bulls will make it happen this time. Check our telegram channel for a short-term dive onto Ethereum.

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New updated analysis continued here:

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Still within the bear channel after the rejection we just saw hours ago. However, I still believe we see another break out attempt around Wednesday. We must hit $130 to confirm the upside

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Ethereum is very very close to a break out. The volume and momentum is in favors of the bulls as well pending the break out past the top of the bear channel at $126-127 on Bitfinex (that's $122.50-123 on Coinbase)

However, until we get that confirmed break out, were still a little bearish until proven otherwise as we remain within the parallel bear channel and under the 3D midband/resistance. We would need to break down below our stoploss at $111 on Bitfinex or $106.50 Coinbase and lower to activate the bear case. A rally to $130 will certainly cancel the bear scenario entirely.

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The bears are done here after the 3D bear momentum failed. Bulls are taking over.

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