ETHEREUM Key Areas for Structure TradersThe Ethereum is going down last few hours and got close to the structure levels at 620 and 585. These are the major area to look at. There is strong volatility and it is better to wait the market to get stable and analyse the price action. If those support levels hold, then there will be opportunity to buy.
ETH-USD
Bulls in control on Bitcoin!Bitcoin has steadily been knocking down all sorts of walls on its way up. There is still resistance on the way up, but the trend is your friend is a classic saying for a reason. We are trending up right now, and market sentiment is positive. I cannot stress enough the importance of crossing the downward log trend. I am personally long and attempting to accumulate more BTC by shorting the resistance points for small scalps. Im not sure where this trend ends, but I believe the market has taken a turn. For now.
ETHUSD analyse, predictionIf it brokes the black line in up price can go to around 700-800 dollars.
I think it broke the black line in up because MA50 broke MA200 in up.
Then we can up to resistance. On resistance, we can broke it and go to 900 dollars and more or we can fall back to 750-800 dollars.
Hope it helps. If you want you can write comment what you think. I will be happy for any response.
ETHUSD - Gann Fan Study, MACD & MAs vs Vol Suggest Nose DiveIt's kind of late in the week for a mad bull run to blow through all the resistance, so I anticipate this week's slow side track to pop pretty hard. That said, it is obvious that an amazing array supports and resistances are converging no matter how you chart ETH & BTC. Whichever way it is about to go.. it's going to go hard. I'm still pessimistic about chances for a massive recovery right now, I think we're in for at least a few more weeks of bear territory.
SAR & PSARS are also indicating a downturn.
This chart is on the 1 hour because I'm trying to anticipate when the moment of truth will be. Pretty much the same story on the 4H but more extreme which changes the lines. Note that the lines in the oscillator (not MACD) are copies of each other! Seems to work pretty consistently.
Get Ready for $280 ETHHello everyone, In my analysis, I'm predicting that the ETH price will have a further downside, in fact I believe the market as a whole has more downside too. My analysis is as follows:
1) There is a large bearflag that has formed, and in being generous, I only set the bottom to 280 for now.
2) If you look closely, there are 2 previous large bearflags that have formed above this one.
3) The bearish divergence on the RSI
4)I'm not going to draw it, but everyone that follows the market and other technical analysis, understands there is a downtrend channel that is not being broken.
5) It's not shown here, but the volume also helps confirm a current downtrend.
6) On the opposite side of the overall ETH structure, you can see how it stayed in this area for a while before breaking out above. Not sure what this structure was. (Cup and handle?)
7) There is a predicted massive resistance waiting at 450 ETH.
And this is where it call comes together... This rally up is going to be a bull trap. When the failure occurs and the break below the bearflag happens, ETH will find a new home.
Welcome to 280-360 range ETH trading again, YAY!
Based on my prediction, I will not buy a long position in the market until we reach that area with low volatility. Then I will be a long term holder of ETH again.
If however, ETH breaks clearly above 450 and holds above for at least 1 day. I will definitely change my mind.To everyone else trading out there, good luck!
Just want to finish out that this is not financial advice and any trades and positions you decide to buy are purely your own responsibility. In other words, you assume 100% risk and at the same time 100% reward or loss. This technical analysis was made purely for my entertainment.
May BTC reach mars before Elon Musk,
A little EW for you on ETH :DHi!
So, here's what I'm thinking for ETH/USD. It's certainly done better than BTC (then again, many of the alts have!). Could we be in wave 4 right now for ETH? I think we have the potential to go higher at this point (hoping at least!). For my future charts, I'll be sure to use larger timeframes (as someone kindly pointed out on my first chart - is this chart on a large enough timeframe now?).
Thoughts/feedback/suggestions/lesson/etc. are always welcome!
All the best,
James
ETHUSD Forecast - Is bottom in?Lets take a quick look at the Ethereum market versus the US Dollar.
There has been some nice bullish volume between $350 and $420, and like Bitcoin, we are receiving contradicting signals on the market.
I will keep it simple, a break below $350 will be followed by a bearish price action and a confirmation that the bear trend is not quite over yet.
On the flip side, I will wait for the bulls to push the prices past the $400 price levels, $420 should be in play if we consolidate in this zone.
I would expect some bullish momentum to develop if trading pushes prices higher than $420. Safe trades.
Hang out with crypto traders here.
Ethereum Structure TradingThe ETHUSD price moves sideways. None of the market participants (buyers and sellers) are fully committed to take control of the price. It formed the two major structure levels - support at 367 and resistance at 417. I await the market breakout and then open the position accordingly.
Ethereum - Crucial levels For both sides of the FieldAnalyzing the ETH to USD pairings you will see a price retracement very close to the 0.786 from the long term trend.
The chat room is full of new short sellers determined to pull a profit from these volatile markets and as the seas are red, the herd flocks to leveraged short positions at an attempt to recoup their losses.
Nothing Goes straight down and in crypto you must expect the unexpected. This is why i am keeping a close eye on ETH here as a scenario in Green could play out creating a huge bull trap mid term.
First long target if we hold support above 320 levels will be $620.
Play cautious in this bloodbath as profits are quickly diminished with losses due to the likes of CME grouping BTC with soybean and coffee.
Basil
ETH - a follow up with downside playPrimed for a short squeeze in my opinion, we may not reach targets based in LONG chart but if there's price action upwards here then i'm on board.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
ETH-USD reached support at $400After the bearish breakout of the support at $600, Ethereum-Dollar has arrived at the next strong support at $400. Here it is likely, at least initially, a rebound (still missing a green candle). There is a bullish divergence between price and CCI (20). The breakout also of the support at $400 (with high volume) would precipitate the currency pair, in all likelihood, as far as $250.
ETHEREUM , The new opportunity to buy in ETHSD. Midterm forecast:
While the price is above the support 272.650, resumption of uptrend is expected.
We make sure when the resistance at 630.500 breaks.
If the support at 272.650 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (393.550 to 309.100), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (393.550)
Ending of entry zone (309.100)
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 20.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
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TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
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ETHUSD (Volume Analysis Prediction 3/26/2018)Signal: out of positions
The coin, like the main part of the market, continues to descend
Now ETH is at the beginning of growth, this is a zone with a very high potential
But the lack of volumes is alarming, this reason makes aggressive purchases dangerous.
In this situation, it is better to wait for confirmation of the trend reversal:
(anomalously high volume, break out the last top of the downtrend, break out the downward trend line)
It is important to understand that in case of a reversal this will not be forced growth,
it will be a slow growth (the investor must again believe in the market) with gradual acceleration
For the growth of ETH, it is important that the entire market begins to recover
In my opinion, the entry point should be searched:
After price break out the last top of the descending trend (zone @590 - 610)
Or at the extreme point, where a rollback from the current zone is still possible, you have little risk,
and great prospects for profit (zone @ 415 - 395, stop 375)
ETHEREUM (ETH) - Gartley FormationThe Ethereum price is bullish since yesterday. It broke the resistance level at 555 and getting close the major resistance level at 622. The price was rejected few times at that level and it is more likely will do again. After this bullish move, the buyers will take their profits, which will push the price down. Moreover, the more sellers will step in that gives the additional selling momentum.
There is a potential Gartley formation that provides the detailed guidance for entry and exit. Also, this increases the probability of this setup.
T1 – 38.2%
T2 – 61.8%
ETH USD Down to 450 $ ! Hi Everyone.
So everyone is talking about ETH going down, so I took a look at 1 day charts to see what's going on. From what we can see, we have broke the support line from 2017, and the next one is from 2016. Pivots on 1 day charts showing us that the first support should be around 650 (we are far away from that, so don't hope for going back there). The next support showed by Pivots is 484, but from my experience by the time we will get there it's gonna change for about 10% so it won't be 484 but around 445. So my Target is 450 by 26.03.2018. Where we should start reverse to uptrend. Lets see if we will get there.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
ETH-USD on the road to $400After the breakout of the double support, static at $600 and dynamic with the 200-day Simple Moving Average, ETH-USD is heading toward the next important support at $400. Today high volume, at 10am (GMT) 151K, the 10-day moving average is 159K and yesterday's volume was 141K.
Is Opportunity Here? - ETHEREUM AnalysisThe ETHUSD market was being ‘quit’ recently. Sellers and buyers are not committed themselves to control the price. However, there could be an opportunity for long. The market is close to the structure low that is mini support at 680 area. The price respected that level few times and it is more likely it will do it again. The second structure low is at 660, which acts as support as well. The more conservative approach will be to wait the price to be bounced back at these key areas and then open the position.
ETHUSD - Moment of TRUTH! Will it go UP or DOWN!?Moment of truth for ETHUSD - from my TA, it seems there are two possible directions for ETHUSD. It is either going to follow the uptrend channel OR it may fail and seller may push it downtrend.
Some key notes:
- RSI is neutral
- Volume is there
- MACD is ready for putrend
- STochRSI is ready for uptrend
With that said, we have been faked out plenty of times in the past week. I will be watching this closely to make a trade decision.
What to do - Sell or Buy ETHEREUM (ETH)?!The Ethereum market moves sideways today. There is a clear triangle formation that creates a good trading setup. There are two possible scenarios that may develop. First, the price is at the structure (red box) that acts as mini support. The price may bounce back and go up as we saw the market was bounced everytime it touched that zone. The second scenario is the breakout. If the price breaks this trendline (dynamic support), it is more likely the price will go down and will be selling opportunity.