EHT
ETH/GBP 4 hourly Candle-Bar chart price targetsPossible ETH/GBP 4 hourly Candle-Bar chart price movements
Potential big drop upcoming for ETHUSD!ETHUSD is testing our first resistance at 172.99 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a corresponding drop in price to our major support level at 158.53 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 148.01 (horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 193.46 (horizontal overlap support, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce! ETHUSD is approaching our first support at 134.48 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 166.99 (horizontal swing high resistance).
RSI (21) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 102.95 (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 118.69 (horizontal swing high resistance, 23.6%, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 203.11 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 188.48 (horizontal swing low support, 61.8% Fibonacci extension).
RSI (55) is also approaching resistance where we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETH Bull Volume Missing Weak bounce attempt on the 4 hour is currently forming another potential bear flag.
The volume for the bulls continues to decrease as there is no reason for bulls to get excited nor bears to cover short positions.
Daily inside bar potentially forming today and we should see a spike in volume this morning on the hourly to give us an idea who will continue to control today in the short term.
If we do not see bulls put up volume in BTC or ETH, we cannot trust this bounce as they are not "proving" anything to us.
RSI levels are cooling off and bounce players should protect against another potential leg down.
Lack of support on the daily and weekly put ETH and LTC in a much more fragile position than BTC.
The flippening (Ethereum dominance perdiction) If we look at the ETHXBT chart from Kraken (okay volume, lots of history), we can see that that the ETH BTC ratio has been forming a triangle on the daily/weekly charts. I have drawn two triangles, the smaller one connects the 6 hour closes, the longer one connects the daily highs and lows. The analysis of ETHBTC bittrex charts also has the same timeframe on the weekly charts. Generally triangles break 2/3 - 3/4 to completion, since there two I made two time measures under. Creating a handwaving break out period at 3/4 completion of the smaller triangle, and halfway between the 2/3 and 3/4 measure of the larger triangle and giving an accurate measure (vertical green line), that could place our ETHBTC around the 0.23 zone by October 2018, which also is the area of the 1.68 area of the initial breakout.
The first time that the weekly stoch rsi hung out in the oversold region for roughly 260 days in a consolidation period in May 2016. The second time was July 2017 for 120 days or so. So by the end of April we should hit the bottom of the stoch rsi and stay in the oversold region till August. The weekly macd looks bearish for the next few weeks, but if the macd falls lower the next potential long crossover signal could be strongly under zero. Now looking at the monthly stochastic rsi, we are crossing at the bottom for the first time, entering new territory.
The 49 day moving average seems to be a decent indicator of the situation as well.
So my current perdiction is that we enter the first smaller white box at the bottom between April and November, possibly tagging the lower trendline. While that happens the weekly stoch rsi regain strength and the weekly macd give a bullish crossover under zero. At some point there we will see the 49 day moving average crossover and stay on the underside. This should begin the move to the top target region around the 1.68 extension.
Things that would invalidate this analysis:
1. Breaking of the bottom trendline by a weekly close under 5%
2. Failure to break the top by the start of July 2019
3. Double peak formation at the previous ATH on the weekly
4. Failure to achieve the target zone by February 2020 (125% of the smaller triangle timeline).
Discussion is welcome, please consider the is pure speculation.
Symmetrical TriangleSymmetrical Triangle. Trade the break out or even the pullback from the breakout if you know how to trade pullbacks
ETHUSD big pennantThe ETHUSD price looks like a very big pennant to me.
The price could rise up to 350 in the next time. Green box is the "buy zone".
At the end of the penannt it will likely break out, i guess it will be on the upper side because ETH has a lot of potential in my opinion.
