ETH-USD
ETHUSD Range trading whilst DXY ralliesETHUSD Range trading whilst DXY rallies
Dollar strength today is forcing Alts onto a back foot. See DXY
charts and comments to get a better handle on when to trade
these, needing DXY weakness to really thrive with the tail-
wind behind them. But when this littel dollar counter-rally
ends DXY should fall back to 91, over 2% from here and give
the Alts a big boost at that point.
We are long here from 463 (stops just 2 points below) but it's
struggling...look to take the meagre 2% profit at 473.
These 9 or 10 points can then be used as stops for the next
trade,which will trigger on a break above the dynamic coming
off the recent high..as usual we need to see a decent break
at that point, greencandles, increased volume to know it's
good, surviving any retest of the line from above once broken.
Then it will have to break above 477 and that longer term
dynamic which is currently arresting any chance of meaningful
advance form here. Once it can manage that ETH should run
free - a good place to either enter long or increase if not
already in. But until we see that ETH is likely to drift, a
sell/take profits from 473 and and a buy again at 463. Range
trading for day traders here working between the lines, which
seem to be working quite well on this pair.
ETHUSD Short Term Bullish - Middle Bearish - Long Term Bullish Short Term
EMA 10&20 Support actual Bullish Trend
Breakout after fib 1 indicates Channel Confirmation at 494 USD
Take Profit before 494
Middle Term
High Accumulation indicate Trend Reversal (Downtrend)
Stochastic Indicator looks Overbought and indicates Trend reversal (Downtrend)
Channel Resistance Line indicates Trend reversal
Wait for Trend Reversal, than go short
Long Term
Channel indicates Long Term Uptrend
Support Lines indicate strong Support
ETH Ice Age --> From PoW to Proof of Stake = Rise of Stakeholders
A Lot of Institutional Money will come into ETH
Next Update to Serenity
HODL
Ethereum Roadway!Hello traders,
Here is my idea on #ethereum for the next few days.
I wouldn't enter now until a clear direction is given by this coin, it looks like a hold for me.
We could expect a small movement to the upside to about $390 (as bulls are still in control)
Lets see what more information it gives us in the next few days.
Happy trading!
ETHUSDI like ETH very much and hope that we can see it reach previous highs once more. Currently seems that ETH is going to me in the $280 - $305 channel as we wait for BTC markets to reestablish stronger support lines. Once we see a break of the double top at around $310 we can start going long up to the next resistance line at $340.
Comment some Idea's if you trade crypto's and have an interest in ETH and their blockchain.
ETHUSD short term sell and long term buyI have had this chart for a few weeks now and i thought about sharing it here in case it can help someone.
ETH is going to touch the $135 area. Around $190 we can look for a consolidation or maybe a small retrace(mostly consolidation, i don't expect retraces on ETH) and the sell the flag(breakout).
If you go short think of closing your sells around $135.
If we break that "support" on that area then we will most likely reverse and continue for a bigger up wave.
To sum it up, go short whenever you find an entry between now, $206, and $190. If you have a big margin, you can even sell now.
Close sells around $135 and when we break that support wait for retrace to buy long term.