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ETH-USD

Goldilocks is in trouble! The ETH Bears are back!We had a nice run up on ETH today but we're not out of the woods yet. Currently the 1 day MACD is getting weaker and shifting to negative, and we see an rising wedge forming on the 1 day candles characterized by the decreasing volume and trend lines getting closer. If we fail to make a new high and break below the EMA or sub 305, we could be in for some serious retracement. For further movement upward we would need to see above 335, and 280 is in the cards if we fail.
BITFINEX:ETHUSDShort
by RegisteredFlexOffender
1
ETHUSD, new bearish pattern continuation (Sym triangle)Looking at ETH/USD on the 1 hour charts, we see a strong resistance line drawn above which price has bounced off multiple times. This was setting up a bullish triangle, that was broken (shown by dotted green trend line). The current short term trend is bearish now. We must redraw our trendlines. We start off with a bearish channel that has been broken, shown by the parallel red dotted lines. A new formation is taking place in short term chart, which appears to be a symmetrical triangle. This would appear to be a continuation pattern for another small downward trend. This puts us at the resistance level of $280, (31% fibonacci level), and price should bounce from here, or form new pattern. If we keep our eye on the charts, we should keep our eyes on the resistance levels as this will be our key to whether a reversal or continuation will occur. If we see a bounce from $280, this was a minor profit taking, we should redraw at this point. However if we see a bounce occur with large volume at either the 61.8% or 50% support levels (resistance levels for bearish trend), we may act upon these. These represent good buy opportunities and are represented by the black dotted horizontal lines. Pay special attention if price reaches these levels. If we see it blow past, we know there is some failure happening, and we will be bearish and redrawing patterns. However, if price maintains this level and bounces upwards, we should see the resistance level turn support with further upward momentum. Keep in mind this is a 1 hour chart, so look closely at 4hr, and 1D charts for further confirmation. Let me know your thoughts!
BITFINEX:ETHUSDShort
by Shwayze
1
New bearish triangle formations from touchdown at 182Ethereum looking to continue its bearish trend. Forming new bearish triangle with support at 182. Overall RSI peaks trending downwards. ETH has maintained steady decrease in blue channel since breakout pattern emerged. Bearish divergence appears appears in RSI and still dropping. MACD also gaining strength in bearish direction. If trends continue, we should see a continuation pattern similar to what we have seen. Expect immediate price to drop to 4hr resistance levels at $175. The $175 position is a key fibonacci level from previous trend from low of 138 to high, expect it to hold. Next support level down is 160, too previous low. This may have a chance to hold. If breaks up, previous support turned resistance at 180 and 190 will be tested. Target short at 175, and if that breaks, we are looking at 160 down to previous low of $138, before bullish momentum and support kicks in. On small scale chart, there is a falling wedge appearing, which is an indicator, as well as a small bullish divergence forming, that we will be going back up relatively soon. Let me know your thoughts, thanks!
COINBASE:ETHUSDShort
by Shwayze
LTC road to EtheriaI think this seems like a very nice trip to Etheria and make our own Litetheria. As you can see the prices are kind off the same, going up. The crypto market got alot of new users, lite coin is not the hardest to get on a wallet on a phone or anything. I think this can be a ETH scenario. Litecoin has much less Circ. Supply also i think LTC is very underpriced. I think we could see a ETH price in 1-2 months. Make sure to refill your spaceship before it goes to the moon! What are your toughts?
KRAKEN:LTCUSD
by Sixsonic
ETC about to gain traction against ETH and BTCAfter being hit by a $100 fee in a bitcoin transaction I have been looking for an alternative base coin. Ethereum is an obvious choice for many. So I'll be spreading my coin wealth amongst the ether blockchain and looking at other alternatives such as LTC. The reason I am choosing ETC over ETH is because the structure here is showing me ETC is going to gain against ETH in the short term, maybe the long, but ill leave that decision for a later time. Adjustments may be made down the road, but for now ETC looks good. LTC also looks good to gain against BTC in the coming days/weeks. So I will probably diversify among the two. ETCBTC 1 Hour ETCBTC 4 Hour - Look at the conolidation times, on average a breakout occurs around 17 days after consolidation. That's 3 days away! ETCETH 1 Hour ETCUSD 1 Hour and LTCUSD 1 Hour LTCBTC 1 hour I would post a ETCLTC chart but tradingview doesnt support that yet and I don't have the time to build a chart from that data. If someone knows how please feel free to post as I would be very interested. Thanks!
Long
by pAulseperformance
2