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...
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,...
The 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...
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...
After 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.
Everyone is waiting on BTC. ETH Forms bearish pennant. No need for additional comments. The price says it all. Happy Trading!
The 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...
Follow this and tell me what you think - This is a general momentum line charting. Would be interesting to see if it follows through either trend line. If it does, you know what to do. Find other indicators to validate your position, then place your position.
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 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...
ETH USD if forcing the short term envelope and will start his way down soon. The Long Term Daily market pressure is quite negative but BEARS will get stronger as soon this H4 retracement will end.
Ether relies on its smartcontract / ERC20 capabilities to justify its place among the top 3 cryptos. It is less a currency than more a technology token. Technology however is poised to improve fast where the latest hottest tech tends to replace the former leaders fast and furious. Anyone remember search giant Altavista? Does anyone still use Yahoo to search?...
The ETHUSD price didn’t move much last few hours. Also, it is weekend and no strong momentum expected at those times. There is a structure high at $770 area, which acts as resistance level. If the price go close to that level then, it is expected that new sellers step in and price bounce back. Moreover, there is a potential bat pattern formations, that increases...
As many other cryptocurrencies, ETHUSD experienced significant fall as well. There are strong bearish bar on H4 ETHUSD chart and it getting close to previous structure low at 556. These sellers are going to lock their profits sometime soon and new buyers are going to step in as well. The best key area seems to be that structure low. Moreover, the price forming...
WATCH HOW WILL THE PRICE BEHAVES ON EACH LEVEL
Very interesting trade. Curious to see how it plays out. Daily and 2 hour chart shown. Entry targets and stop levels shown on chart. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!