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ETH - What Next?Remember when MonoCoin said that ETH is moving on the edge? That edge was a key support level for Ethereum which held the price up for too long. Now that it's already broken, it's become very strong resistance area for our price range! And since we're already in a correction season, then it can cause a drop. You can buy or open long positions for now until it reaches that area, but be very careful because it might push the price down stronger than you think. And also about right now: there is one small resistance right where the price is right now, which might take a while to break. By the way, this new re-tweet option on TradingView is awesome! Current Market Price: $2015 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
2
Kusama (KSM) Looking Strong Good UpsideI know the market sentiment has been "extremely bearish." And we are in a bear trend, I wouldn't consider this a bear market officially just yet. Now is the time to really start thinking which projects will perform when we inevitably overcome the cloudy summer season of FUD storms and on to sunnier days in cryptocurrency. Kusama is looking strong and will most likely be at the forefront of the next DeFi Mania wave along with Polkadot (DOT) of course as these projects are going to be key cryptocurrencies in the expansion of DeFi. The Kusuama parachain auctions have have started and will be live for the next couple of weeks. With this recent Bitcoin dip there was a massive sell off as many people are getting out of their Alt coin positions. We formed a nice and important bounce for Kusama starting to form a new level of support after this capitulation . Of course if Bitcoin experiences another massive plunge bringing it deeper in $20ks then we could see this support easily broken bringing down below the $100 range. Only 10 million coins already 89% through its circulating supply. Keep Kusama on your radar.
Long
by peacefuljustin
4
Ethereum - LONG with low risk / high reward. an opportunity!Dear friends, Here we see the daily chart of Etherium. When in doubt, it is always good to zoom out to get a better overview without noise It is very important for Ethereum that the lower trendline holds. If Ethereum closes below this trend line with a close for the day we will very quickly see 1500 and 1200 USD in the picture. I would only trigger a stop below the trendline and then only with a closed day candle. Otherwise you run the risk of being stopped out intraday, after which the price goes like a rocket in the other direction, without the trader's knowledge. We also see on this chart a huge head-shoulder formation but the price has NOT broken through the neckline. So no bearish scenario yet! This will only start when the price closes below the neckline and not before! By the way, this head shoulder pattern can continue until the end of 2021. If the price breaks through the +3000 level, it will quickly return to the old top. Then there is the orange bullish wedge targeting the old top! This Bullish wedge is actually the failing head shoulder formation we see here. Targets: 2281 2894 The orange trend lines of the wedge and the descending trend channel. These are dynamic because the value is falling every day as these lines are directed downwards. Downside risk is low (you can place the stop tight under the neckline) as we are very close to the outer limit of the rising trend channel / neckline of the main shoulder formation. Dear friends, please share your thoughts and idea's below. What do you think and why do you think it with or without a chart. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Long
by PegasusTechCharts
14
Ethereum Breakout from wedge in a symetrical triangle. Targets: Dear Friends. Ethereum is currently doing better than Bitcoin. To the top, Ethereum can recover 100% versus Bitcoin 80%. Bitcoin dominance is decreasing and that is good for the ALTS. Rather, it means that the danger has passed (for the moment). You can see the 6 hour chart here and Ethereum has broken out of a bullish falling wedge to the upside. Target for this wedge is 2651. Even more interestingly, the price of Ethereum is moving in a sysmetric triangle with a target of 4000 USD. Several more patterns are forming, I will give regular updates on Ethereum. Targets: 2268, 2335, 2416, 2651, 3049 and 3438 Support: 2119, 2176, 2229 If Ethereum breaks above the upper triangle trend line again, we will get a new target of 4000 USD. Dear friends, please share your thoughts and idea's below. What do you think and why do you think it with or without a chart. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Long
by PegasusTechCharts
12
ETH Reverse Head and Shoulders-- LONGI think Ethereum is ready to buck this recent downtrend on the basis of a reverse head and shoulders. We've been trading sideways for a while in a compressing pattern and until we make a confident break of this sideways action, you have to expect that we will oscillate. In addition to approaching the recent local bottom of 2280ish, this looks like a perfect opportunity to form a reverse head and shoulders and force the bears to cover their shorts. TP1: 2630 (+9.3%) -- neckline of reverse H&S TP2: 2830 (+17.7%) -- higher target if we breakout above the neckline Published trade statistics: Win Percentage: 6/7= 86% Avg Gain on Wins: 12% Avg Loss on Losses: -20% Weighted Avg P/L % : 7.81% Pending Trades (including this post): 2 - Sultan of Chart *This is not financial advice*
COINBASE:ETHUSDLong
by Sultan_of_Chart
6
Eth Gaining Steam??Ethereum is testing a level of resistance above at $2651. This is a level as to which we have been alerting you for several reports now. We are seeing resistance here at this level and a retracement is likely. In fact we are seeing one now. We are seeing good support at $2556, confirmed by a green triangle on the KRI. If ETH has enough momentum in its favor, then this is the most we can expect for a retracement. If not, $2400 will provide support. It does seem that ETH is due for a nice rally however, and there is a vacuum zone above $2651 to $2800, which appears to be a significant upper bound and barrier to the $3K handle. The Kovach OBV is still a bit weak but definitely appears to be picking up.
BITSTAMP:ETHUSDLong
by quantguy
Positive reversal with target for ETHBTC?Based on the teachings of Andrew Cardwell and Constance Brown regarding positive reversal scenarios, we possibly see a nice example in ETH/BTC here. I have marked the key points with letters. The low marked 'x' is a higher low than the low marked 'w'. The RSI shows a lower low, meaning that PA is considered oversold quicker than before. This is called a positive reversal signal, provided that PA stays above the ascending line and actually does bottom here. The interesting thing about positive such reversal scenarios is not that PA may go up from here, the interesting thing is that we can actually calculate the target price using a simple formula: (y + (x - w)). This gives us a target close to 0.085. How reliable is this? If the bottom takes place here, the reliability would be above 50%. What makes it more interesting, and again I refer to Constance Brown's book "Technical Analysis for the Trading Pofessional" is that the bottom happens at a very important level: RSI at 40. This is often a level for reversals within a bull market. Stoplosses can be put a couple of percentage points below the ascending line. Risk reward then becomes incredibly favourable.
Long
by Birdseye88
ETHEREUM ETH Downtrend continues Part 2 - possible 1677 USDDear Friends, This post belongs with my previous post of Ethereum. I am posting a new one so you can follow the price trend instead of a screenshot in the update. We are in a perfect downward trend channel and approaching the bottom of the falling wedge that might be broken if the market were to go into a crash. All support and resistance in the chart. If the neckline of the HS is broken the bullish falling wedge expires and we head towards USD 1677. Important: Do not think now that alts are falling less than Bitcoin that we have an improvement! For a rising market both need to be in harmony, Currently there is absolutely no harmony and the Bitcoin dominance is making violent moves indicating great uncertainty in the markets! Dear friends, always use stops and if nto with lot of experiance it is not adviced to use leverage in your trading. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚 See also my previous post
Short
by PegasusTechCharts
14
[Bitcoin Update] BTC - Going Forward: I believe most of the crash is over but we have one more dip before we exit from this bear market into a capitulation phase (boring, low volatility, moving sideways until the next bull market) Here is the chart for how to buy in at the bottom. We will drop to about 28.6k (at the golden pocket fib.) If we fall under there, worst case is $24k based on the triangles. After we reach whichever ends up being the bottom, we will slowly but surely move sideways and nail ATH's in 1 to 72 months.
COINBASE:BTCUSD
by UltimateKnowledge
Support for Eth??Ethereum has not caught the lift from the broader crypto market. It remains at support at $2400. This is a strong level of support and we are long here. If this level does not hold, $2232 will certainly provide support and will be the next level we look to accumulate. The Kovach OBV is very bearish and has flat lined. This shows that there simply isn't much life in this market for the moment. If ETH forms a bull wedge as we have anticipated it should find support at $2400 and seek out $2800 again.
BITSTAMP:ETHUSDLong
by quantguy