Investing
Haven
No Result
View All Result
Wednesday, March 22, 2023
  • Login
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
stock market tips >>
Investing
Haven
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
No Result
View All Result
InvestingHaven
No Result
View All Result

Crypto: Is Another Big Crash Upon Us?

by Taki Tsaklanos
March 12, 2023
in Crypto & Blockchain
0
Tags: BTCBTCUSDETHETHUSDsymbols
ethereum
1.9k
VIEWS
Share on FacebookShare on Twitter

Volatility is picking up again, it is happening exactly during the volatility window that we forecasted. Crypto is not escaping volatility. However, for now, the really big drop is not happening. This is not to say that crypto can’t accelerate the downtrend. What we are saying is that there is plenty of support to avoid another big crash in crypto, similar to the one in May/June of last year.

The one crypto chart that illustrates our point of view is the Ethereum chart, embedded below.

We discussed the same ETH chart two weeks ago Ethereum: A Buy Opportunity Is Underway:

  1. The 1549-1658 area has lots of resistance.
  2. It’s the 3d attempt of Ethereum to clear this area since last summer.
  3. We suspect that the 4th attempt will come with a breakout, but only in 4 to 6 weeks from now.
  4. Everything will depend on how low ETH will fall. If support at 1336 will hold, in March, we are convinced that ETH will clear 1658 not later than April of this year.

Interestingly, since then, really nothing has hanged in the readings.

The most important level to watch, as volatility is picking up, is bullet point #4 (see above): “Everything will depend on how low ETH will fall. If support at 1336 will hold, in March, we are convinced that ETH will clear 1658 not later than April of this year.”

We can be more precise by pointing out that it is the 1235 – 1336 area that should provide support in order to confirm a ‘buy the dip’ opportunity. We always think in terms of 3 to 5 day closing prices.

No crash in case 1235 – 1336 is going to hold. For now, it looks like this area is going to provide strong support. But, as always, the market will have the last word.

We will have an answer from the market in the next 10 calendar days.

In our crypto research service, we will be tracking relative strength in our watchlist of 30 tokens. We also do expect to hit at least one unicorn (a multi-bagger) before the start of the summer.

ETH ethereum chart

Receive our weekly newsletter.

*We hate spam as you do.

premium service trade alerts   premium service trade alerts   premium service crypto teaser  
WARNING: InvestingHaven.com, our site, is not affiliated and has no connection whatsoever with Invest Haven Group on Invest-Haven.com or Investing-Haven.com. InvestingHaven.com did not have and will never have sales reps. Do not accept financial offers, certainly not by telephone, this is why >>
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

Latest

market crash

Our Systemic Crisis Condition Is Being Tested, Thoroughly

March 19, 2023
gold price forecast

Gold – The Secular Bull Market Is Resuming

March 19, 2023
xrp bull market forecast

XRP: The Most Beautiful Long Term Crypto Chart Of 2023

March 19, 2023
NYSE

Markets Downside Target Reached – What Now?

March 19, 2023

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto

Site Navigation

  • RSS Feed
  • About us
  • Mission 2026
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • InvestingHaven vs. Invest-Haven
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2023 InvestingHaven

No Result
View All Result
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2023 Forecasts
  • Stock markets
  • Commodities
  • Lithium
  • Silver
  • Crypto
  • Login & MyAccount

Copyright © 2023 InvestingHaven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    InvestingHaven.com honours your privacy. Read our Privacy Policy