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...
This is just a brief update to the Bear Flag Pattern I have been following in ETH-USD. This pattern started to present itself back in early September when ETH dropped out of the $280 range all the way to low $170s on September 11th - September 12th. The bearish flag pattern is forming nicely and has been confirmed by multiple data points over the past two weeks....
ETHUSD is approaching our first support at 222 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 239 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching support and we might see a...
I believe that Ethereum is sitting at a very key point where we could see sub $100 prices in the next two weeks or the beginning of a long-term reversal. My analysis is based off of two very simple patterns and builds upon my previous analysis of a 4 hr bear-flag formation. My last published idea covered a 4 hr descending triangle pattern continuation recognized...
ETHUSD is approaching our first resistance at 241 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 222 (short term ascending support line, horizontal overlap support, 61.8% Fibonacci extension). Stochastic (89,5,3) is also...
ETHUSD broke out of our ascending channel and is approaching our first resistance at 220 (horizontal overlap resistance, 38.2% Fibonacci retracement, breakout level) where a strong drop might occur below this level pushing price down to our major support at 188 (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is...
I see this as a excellent long opportunity. There is a nice horizontal overlap resistance at 251.29, with a 23.60% fibonacci retracement. Price looks to test this resistance level and I'll set my take profit level just below the resistance. My buy entry will be around 216.78, which coincides with a 100% fibonacci extension. Lastly, I will position my stop loss at...
Price is forming a continuation pattern for more downside. Watch strong price action for sell. Remember, ethereum as others cryptocurrencies are correlated to bitcoin. So, keep on track bitcoin moves. Don't take a trade if you don't see clearly when big guys are in.
ETHUSD is approaching our first resistance at 220 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension, breakout level) where a strong drop might occur below this level pushing price down to our major support at 188 (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is also showing...
ETHUSD is approaching our first support at 219 (horizontal pullback support, ascending channel support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 249 b (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3)...
Hi all, After an XRP/USD weekend, time to hunt for a new set-up. Ethereum has made uptrend waves and retracement as well. In my opinion we are now in the ABC correction and retracing down to have another leg up after completing the correction. According to Elliot Wave , wave 4 may never retrace more then the top of wave 1. With this information we have a...
ETHUSD is approaching our first resistance at 227.98 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might drop below this level pushing price down to our major support at 214.70 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (90,5,3) is also...
-Weekly chart- Log Scale ETH/USDT -What do you think ? Where is the bottom?
ETHUSD is approaching our first support at 203(horizontal swing low support, 61.8% fibonacci extension, 61.8% fibonacci retracment, short term ascending support line) where a strong bounce could occur pushing price up to our resistance at 221 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retrcement). RSI (55) is seeing a bullish...
ETHUSD is approaching our first resistance at 198.27 (61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 187.05 (horizontal overlap support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk....
In the short term, we follow a short trend, but then we expect the bulls to wake up and the long trend to wobble. In my view, the threshold of less than 200 $ ETH will not be reached despite the reversed deviress of the indicators. For buyers, the price of around $ 200 is a pretty good investment for a long-term deal, with a very low percentage chance of losing. ...
Hey guys, This is my analysis of ETH/USD for potential bottom. Only think I'd like to add is the anomaly between volume and price for the last candle (narrow spread +extreme volume) that confirms a potential bottom to a trend. All the best,
$ETH longer term plays should present themselves by Sept 25th latest Short term - green arrow bump shows likely decent long available for smaller gains