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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
Ethereum Sees SupportAs we anticipated yesterday, Ethereum broke through to support at $2400, which has been a very faithful level recently. It rejected $2800, which seems to be a hard upper bound for now, and potentially the upper level to a bull wedge formation. We are currently seeing an inverse head and shoulders forming right around $2400 so we are likely to see support here and potentially get a bounce. The neckline appears to be at $2556, so watch for a breakout from here. There is a vacuum zone back to $2800 after that. The Kovach OBV is still pretty bearish so anticipate more general malaise until some momentum comes through.
BITSTAMP:ETHUSDLong
by quantguy
ETH Dumps, Finding Support??Ethereum has dumped from upper levels. We have been saying that $2965 is the upper bound, but upon looking at the chart, it is more like $2800. This seems to be the upper bound with which ETH has flirted since the latter half of May. We could be seeing a bull wedge forming here, but it really depends on what ETH will do with the lower bound trend line which seems to correspond with $2400. If $2400 does not hold, then there is a vacuum zone to $2232. There is a lot going on with the ETH chain so we have faith in this platform but if things keep going this way we could be able to get ETH for <$2000 which would be a strong buy in our opinion.
BITSTAMP:ETHUSD
by quantguy
No Bid for ETHEthereum caught support at $2556, a level we have identified in the past. It is currently ranging between this and $2965, which appears to be a hard upper bound for now. Current prices are hovering roughly in the middle of the range for now, so we could either seek support at the lower bound or resistance at the upper bound. Expect strong resistance from $2965 and even stronger from $3000. It appears that ETH is still comfortable with the upper $2K handle and shows no sign of a curiosity for higher levels. The Kovach OBV is still pretty flat, and unless we catch a bid it will stay this way
BITSTAMP:ETHUSD
by quantguy
ETHBTC continue to rally after breakoutETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern at 0.0735. The price target for this pattern is 0.09, which would be a new high for this bull cycle. While I would have preferred for this breakout to occur while both BTC and ETH were rallying as opposed to ETH dumping less than BTC, this setup could be a good place for some portfolio allocation, especially for those who have their portfolio mainly in BTC and looking to diversify a bit.
Long
by cryptotraderog
2