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ETH-USD

ETHUSD approaching resistance, potential drop!ETHUSD is approaching our first resistance at 190.81 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 175.16 (horizontal swing low support, 100% Fibonacci extension). RSI (34) is also seeing a bearish exit and 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.
BITFINEX:ETHUSDShort
by easyMarkets
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 248.87 (horizontal overlap resistance, 50% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 206.61 (horizontal overlap support, 76.4% Fibonacci retracement). Stochastic (55,5,3) 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.
BITFINEX:ETHUSDShort
by easyMarkets
1
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 222.91 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 209.17 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). 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.
BITFINEX:ETHUSDShort
by easyMarkets
1
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 222.91 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 209.17 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). 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.
BITFINEX:ETHUSDShort
by easyMarkets
2
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 208.27 (horizontal overlap support, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our majo resistance at 222.91 (horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (21,5,3) is also approaching support where we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
5
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 203.27 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% , 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 196.11 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (34,5,3) 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.
BITFINEX:ETHUSDShort
by easyMarkets
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
1
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
1
ETHUSD is approaching our first support at 188.15 (horizontal ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and 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.
BITFINEX:ETHUSDLong
by easyMarkets
2
ETHUSD approaching resistance, potential drop!ETHUSD is approaching our first resistance at 249.27 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 191.99 (horizontal swing low support, 100% Fibonacci extension). RSI (34) is also approaching resistance and 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.
BITFINEX:ETHUSDShort
by easyMarkets
3
ETHUSD approaching resistance, potential drop!ETHUSD is approaching our first resistance at 249.27 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 171.41 (horizontal swing low support, 100% Fibonacci extension). RSI (55) is also approaching resistance and 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.
BITFINEX:ETHUSDShort
by easyMarkets
2
ETHUSD approaching resistance, potential drop!ETHUSD is approaching our first resistance at 203.43 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 167.99 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance and 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.
BITFINEX:ETHUSDShort
by easyMarkets
7
ETH-USD Bearish Descending Triangle Forming - Short PotentialI have been trading ETH short positions for the past two weeks with varying degrees of success. I had a few early entries which got washed due to some of the higher leverage I've been utilizing in my trades. Last night I capitalized on the pattern I saw forming and entered into another short postion at $223.50/ETH, when the price broke through the lower bounds of the bear flag I had charted off of the large dip from the $280 range down to $170 territory that took place between September 5th and September 12th. This was a quick in and out trade. I exited at $217.50/ETH when I saw support forming and the potential denial of the breakout I had anticipated. This resulted in a simple 2.6% gain, which at the 25x leverage I was utilizing yielded a nice 60%+ trade in a 4 hour window. Unfortunately the breakout did not extend as far as I had initially hoped. This has caused me to reevaluate my position and analysis, as such I don't have any open positions at this time but I am looking for another entry. This is a continuation of my past bear flag ideas. I believe the viability of that pattern has broken down for the time being as ETH already crossed the lower bounds and while it did decline it did not fall as much as I anticipated. Right now I am seeing another bearish pattern forming, a descending triangle from the September 11th-12th lows and the near $250 range from September 21st - 22nd. This pattern has formed two other times in the past two months, as you can see on the chart points and . After each of these patterns were fully confirmed the trend continued downward with strong profit potential on the short side. As I have learned over the past few weeks, being patient and entering the breakout has been much more profitable for me than trying to enter early to maximize profit. I am waiting for this most recently formed triangle , to breakout below the lower bound. I will be looking for an entry right before or shortly after a break of the $217.50/ETH resistance I have seen form multiple times. I believe that a breakout past that price point could result in ETH sliding near or below $200 again. I will not enter until I see this breakout being confirmed. Any thoughts, criticism or support, are all welcome. Let me know what you think about my analysis, do you agree or disagree?
BITFINEX:ETHUSDShort
by Captainsmugglebutt
6
Current state of ETH/USDETH/USD has tested this level ($150-$200) in the past many times and is doing so again. I feel this area is a buying opportunity and it's only a matter of time until Crypto has another bull run. This long downtrend was to be expected and shouldn't be a surprise. Like any other market, price has to come back down and reset technical indicators and support levels as re-tests; it happens all the time in all markets and this is no different. Price needs to break back above $400 to confirm trend change. I can't see any reason why this long-term support level should break. I am strongly bullish on Crypto and my target in the next bull run for ETH/USD is $4000.
BITFINEX:ETHUSDLong
by MarkMcCartney
ETHUSD approaching support, potential bounce! ETHUSD is approaching our first support at 207.15 (horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 235.68 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce above this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
2