ETH/USD TA Update (bullish pattern confirmed)ETH/USD
ETH broke bullish of this inverse H&S pattern a few hours ago and the price is already trading above 50MA on the 4H time-frame.
This is a good market shift to the upside in the short-term. The overshoot target is up to 170 areas in which the 100MA is approaching in.
Ethbtclong
ETHBTC analysisMultiple chart patterns present, including symmetrical triangles, bullflags, bullish W. All three bullish chart patterns. An initial symmetrical triangle can be observed followed by a bullflag, following another symmetrical triangle. Included possible pathing within the second symmetrical triangle, but honestly as long as it stays within the triangle we're good. Looks very bullish.
Ethereum/USD bear flag or what?Hello traders,
Here is an idea about Etherem dollar, the price seens to be making a bear flag but we need to wait for confirmation to configure a bear flag, if we broke on downtrend moviment our objective is the long term resistance line that have been broken and make a test on this line as support and caracterize a pullback, but fow now is time to do nothing and watch the price and wait for us know what do.
Please support this publication with your like. You are welcome to follow us on the Tradingview.
Best regard Sandro and Gustavo.
ETH/USD TA Update (Bullish Pattern Confirmed?)ETH/USD
ETH manages to break above the resistance area of this Ascending Triangle pattern today and currently testing is to confirm as new support territory.
If the price will hold current levels for the next 24-48hrs. There is a high chance ETH will further grow up to 260 levels before facing another strong resistance zone.
We have a bullish cross of 50MA and 26 EMA on the 4H time-frame which tells us the momentum shift to the bullish already.
The bearish side is only if price closes below the previous Higher Low at 226. This will lead back to the bearish area again.
Why The Ethereum Upward Trend Is Just Beginning!Even with the recent decrease, the long-term ETH chart still looks bullish. The price created a double bottom (bullish reversal pattern) on September-December 2019 at ₿0.0175. The pattern was combined with significant bullish divergence in the weekly RSI which was also at its lowest ever level. The closest important resistance area is found at ₿0.037.
As long as the price stays above the ₿0.0255 support, its long-term trend is considered bullish.
Now, the daily chart admittedly raises some bearish concerns, which however are yet to be confirmed. There is a lack of strong bounce from the price which is especially visible in the reduced length of the long lower wick. As is shown by the horizontal white and blue lines, the daily close of the first bounce was higher than that of the second one, a sign of weakness.
A daily close below ₿0.0254 (blue line) to me would confirm that we are heading lower. However, the price found support above it yesterday. The daily RSI also aligns with this view, since it is staying above 50. So, a price decrease would also cause the RSI to fall below this line, confirming that we are heading lower.
The hourly chart outlines our final trading range. We can see that the price has fallen below the middle of the range, but this did not initiate a rapid decrease. It is likely that the price will reclaim it soon, after possibly bouncing on the support line one more time, and head towards the range high.
TLDR - As long as the price does not close below the horizontal blue line (first image in the comments), it is likely to head upwards and eventually reach ₿0.037.
💎ETH/BTC-NEW target. Successfully closed last idea: +23% in BTCHello everybody!🧑🏻🚀 The last IDEA for ETH/BTC has already brought 23% in BTC. Thumb UP👍 if you like good forecasts! Now ETH entered the high volatility zone, where we can see spikes UP and DOWN.
We move from one FIBO level to another one.
Remind you that globally we have 4 strong fundamental reasons for this rising:
1. All 3 MA stay under the price.
2. Soon will be halving of BTC.
3. Fundamental factors now also favor Ethereum. For example, it recently became known that Quorum, the blockchain division of banking giant JP Morgan Chase, is in talks to merge with ConsenSys, a software development company based on the Ethereum blockchain. If this merger does take place, JP Morgan can provide a powerful flow of capital to the Ethereum ecosystem.
4. Another important advantage of Ethereum at the moment is decentralized Finance (or DeFi), which is one of the main advantages of This blockchain over competitors.
I will buy in levels:
1. 0.0252 BTC
2. 0.0233 BTC
My new target is 0.0282 BTC.
My global goal for this token is 100% in BTC:
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Good luck in your trading!
[ETHBTC] SWING PLAY - MORE THAN 74% ROI POTENTIALETHBTC has decent accumulation phase more than 3 months.
Highly possible it can accumulate more.
But Elliot Count show me that there is good R:R trade here.
My entry: 0.019979
Stop: 0.016744 (16.1%)
Target: 0.034879 (74.77%)
R:R: More than 4.6
Trade Duration: Should resolve in 2020
This is not a financial advice. Trade application for elliot wave theory.
You can also see my other trades that almost hit my target here:
And other one:
Follow, like and share for more.
ETH.BTC (Y20.P2.E1).Macro.PotentialHi All,
It really depends how it gets to the trend line and what ETH is doing at the time.
Its just an area to pay attention too.
I'm bullish bias and hence based on the previous post on ALTS.LTC, I have it going up.
Close up view, on the 8 HRLY and have the 10, 20, 50 EMAs.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Macro.charts)
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ETH/USD TA Update (1 More Push Up?)ETH/USD
ETH is quite holding this area of support strong as it bounces again on 50MA.
If ETH can maintain this level for the next 24 hours, there is likely a chance it could push up to retest the previous swing High at 178 regions.
Bearish scenario if ETH closes below this 50MA and upward trend-line support, we could see the price fall down the next key support area.
ETH/USD TA Update (Holding Immediate Support)ETH/USD
ETH almost touches the 180 price level but soon after Bitcoin drops, ETH also followed and the price reaches immediate support area at 165 regions.
If ETH can't sustain this level of support for the next 24 hours, it could further drop down to 158 upward trend-line support before we could see a bounce up from the price.
$ETH - Ethereum 2.0 (Serenity) - The ... COMMODITY?Will Ether Remain a Commodity After Ethereum 2.0 Upgrade?
The Ethereum 2.0 Upgrade Explained
When it comes to digital assets powered by blockchain technology, very few have been cleared by regulators from the status of a security. In fact, there have been just two: Bitcoin and ether. The latter constitutes the only digital asset that was funded through an Initial Coin Offering (ICO) and is not a security. The SEC stated the Ethereum Network was ‘sufficiently decentralized’ to escape the classification — and regulatory requirements — of a security.
That is, of course, so long as the Ethereum Network does not undergo significant changes. Over the course of the year, however, Ethereum will see perhaps the most significant change a blockchain can experience: a transition in its consensus mechanism.
Currently, Ethereum leverages a Proof-of-Work (PoW) consensus mechanism. Here, high-powered servers, referred to as nodes, compete to solve extremely complex mathematical puzzles in order to validate transactions and approve new blocks. Due to the difficulty involved, the servers have a remarkably high rate of electricity consumption. Due to this, PoW has received a bad reputation for its negative effects on the environment.
Sometime over the next 12 months however, Ethereum will shift to the much more environmentally friendly Proof-of-Stake (PoS) mechanism. The transition has been officially deemed the Ethereum 2.0 upgrade. Under the PoS model, nodes stake blockchain-specific wealth — in this case, ether (ETH) — to vote on and collectively approve new blocks.
Will Ether be a Security Token after Ethereum’s 2.0 Upgrade?
Whenever looking at the regulatory status of a digital asset, a variety of factors come into play. These include case-specific facts, circumstances, and economic realities surrounding the asset.
Despite being funded by an ICO — which of itself seems to typically constitute a securities offering — it was made known that the Ethereum Network was so decentralized that ether did not constitute a security. This shows then that the level of decentralization tied to a blockchain firm can affect its digital asset’s legal status.
That’s why some say a PoS model will only strengthen ether’s classification as a commodity. Under PoW, large mining pools band together to create greater hash power, which is commonly seen as mining centralization. With PoS, however, this centralized aspect is eliminated. Ultimately, this could strengthen the argument that ether — even after the Ethereum 2.0 upgrade — is not a security.
At the same time, the case isn’t so clear. With PoS, profits are distributed on a routine basis. They are also distributed based on a validator’s participation in the network, not on behalf of others which is sometimes the case with PoW.
If PoS is considered a profit-based system, where investors receive a portion of the network’s ‘returns’, a case for ether as a security could be a concern. If regulators took this path, ether could become a security token and would be subject to the corresponding regulations.
Others argue that the PoS model features similar distribution as seen in PoW, meaning ether will retain its status as a commodity. Importantly, if ether does remain a commodity, the United States may see regulated ether futures trading within the next months.
As for exactly what will transpire, we’ll have to wait and see.
What do you think will happen to ether’s regulatory status after the Ethereum 2.0 upgrade? Will it remain a commodity?
Market analysis
So, what's it gonna be?
We asked and the market answered ... $ETH is at an interesting spot now. Will the weekly 21MA provide resistance/support?
What I would love to see is a push above to $183 followed by a successful retest of the 21 weekly MA
ETHEREUM ROADMAP