Get started

Ethereum-dollar

Ethereum Goes for $180 Price MarkThe Ethereum (ETH) price has been rising steadily over the past five days. It dropped from a low $154.48 to a high of $174.4 on Tuesday. Also, ETH is currently trading at $172 as the bulls are halting for a while before trying the break the high of $179.32. In addition to that, the bulls are trading over EMAs on the daily chart. However, the RSI (Relative Strength Index) is getting closer to the overextended zone. The short-term is bullish for Ethereum as both the daily and 4-hour charts are in uptrends. But ETH’s price has been a little stagnant on the hourly chart. The 4-hour chart has put a definite bull flag at this point. And the difficulty of proof is on the bears to display some strength. Also, the bears might need to break under $157 to change the 4-hour trend. The bulls are eyeing at $174.45 as the nearest resistance on the 4-hour chart, then the high of 179.32 daily. After that, the hourly chart is looking choppy and indecisive with pretty long wicks. Likewise, the 2-hour chart showed some long upper wicks, but that is nothing too alarming for the bulls. For Ethereum, the long-term seems to be in bad shape. The weekly chart is looking positive for ETH. At the same time, the bulls could break over the 5-month parallel descending channel. But until now, they haven’t changed the downtrend yet. Aside from that, there is a struggle to remain above the 26-period EMA as they received a rejection in the past two weeks. Recently, the price is over the 26-EMA, but it will only count if the bulls can finish the week above it. The monthly chart is recently in a downtrend, but the bulls could set an Equilibrium pattern. This pattern arises when an asset sets lower highs and higher lows. Now, the bulls need to confirm a higher low at $116.25 by changing the weekly trend. After they confirm this higher low, they must next confirm a monthly equilibrium pattern. Though the equilibrium does not help either party, it is still better than a downtrend. Meanwhile, a cryptocurrency mine in Butte Montana fired up its servers, continuing its business without its former owner – an alleged fraudster. Following a legal appearance on the matter, part-owner Kevin Washington and operator Rick Tabish launched up the crypto mining business CryptoWatt once again. And this pulled operation out of retirement, based on a January 27 press release. In a report in December 2019, authorities have shut down CryptoWatt after jailing its owner, Matthew Goettsche, on a separate fraud account totaling $722 million. Tabish stated about the re-opening of the Montana crypto mine, “If the facility shuts down, we all lose… I want to protect the integrity of the facility, and the interests of our employees, the vendors, everybody who works there.” Furthermore, he also indicated his willingness to deliver the matter to court if needed. And Tabish also noted that the operation would die if left closed for too long.
by Financebroker
A second Chance to Buy in Ethereum...Midterm forecast: 250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 71. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (250.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (250.00). Entry signal: Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 12 BUY trade(s) @ 211.39 based on 'Valley' entry method at 2018.09.13. Total Profit: 112222 pip Closed trade(s): 15112 pip Profit Open trade(s): 97110 pip Profit Closed Profit: TP1 @ 264.80 touched at 2019.05.16 with 5341 pip Profit. TP2 @ 309.10 touched at 2019.06.22 with 9771 pip Profit. 5341 + 9771 = 15112 Open Profit: Profit for one trade is 308.50 (current price) - 211.39 (open price) = 9711 pip 10 trade(s) still open, therefore total profit for open trade(s) is 9711 x 10 = 97110 pip All SLs moved to Break-even point. Take Profits: TP3= @ 348.800 TP4= @ 393.550 TP5= @ 475.300 TP6= @ 534.700 TP7= @ 630.500 TP8= @ 822.550 TP9= @ 970.450 TP10= @ 1229.700 TP11= @ 1415.950 TP12= Free
COINBASE:ETHUSDLong
by ForecastCity
2
A second Chance to Buy in Ethereum...Midterm forecast: 250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 71. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (250.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (250.00). Entry signal: Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 12 BUY trade(s) @ 211.39 based on 'Valley' entry method at 2018.09.13. Total Profit: 112222 pip Closed trade(s): 15112 pip Profit Open trade(s): 97110 pip Profit Closed Profit: TP1 @ 264.80 touched at 2019.05.16 with 5341 pip Profit. TP2 @ 309.10 touched at 2019.06.22 with 9771 pip Profit. 5341 + 9771 = 15112 Open Profit: Profit for one trade is 308.50 (current price) - 211.39 (open price) = 9711 pip 10 trade(s) still open, therefore total profit for open trade(s) is 9711 x 10 = 97110 pip All SLs moved to Break-even point. Take Profits: TP3= @ 348.800 TP4= @ 393.550 TP5= @ 475.300 TP6= @ 534.700 TP7= @ 630.500 TP8= @ 822.550 TP9= @ 970.450 TP10= @ 1229.700 TP11= @ 1415.950 TP12= Free
COINBASE:ETHUSDLong
by ForecastCity
4
BITCOIN - Can The Perfect Fibonacci Level Hold Us?BTC' price is almost on the same price level as yesterday but we have gathered more information from the current level and currently, those signs are short-term bullish indications. Yesterday, the lowest point was around $6,330 where the price touched the perfect Fibonacci retracement level of 62% and it bounced upwards. After the bullish bounce on the 4h chart, we got a bullish candlestick pattern called "Marubozu" which will indicate that we may see a continuation move upwards. Currently, Bitcoin' has broken above the April low level and now it fighting with strong resistance area around $6,460. From the price structure perspective, this bounce occurred from a 'healthy' place, because Bitcoin' made a short-term HL (higher low) which is very important if we want to see a short-term bullish BTC' In the shorter timeframes, we could see a nice bullish chart pattern called "Inverted Head & Shoulders". It shows that we have the momentum from the perfect Fibonacci level and it works nicely as a support level. The price made also a breakout from the neckline and technically it is ready to go higher but there is nothing clear before we are above those well-known resistance levels (Blue line- strong resistance, $6,500 round number which works as a resistance and March low level which work also starts to work as a resistance). If BTC' manage to break above those resistance levels and it gets a close on the green box then we are out of the risky area which will indicate that we might go and test the higher levels. The first target would be the strong resistance at $6767 and t he second target would be around $7000 (between those levels are the well-known Fibonacci level 62% around $6900, lot's of people guessing that this might be the place where we go down again but I think no, because this is just SO well-known price level so, everybody knows it and as You know they don't act as everybody thinks, if it reaches into this area then it flies above!) To give to You bearish confirmations then it would be those red 'boxes'. First one is a break below the major counter trendline , if we get a break below the trendline then it will show that the short-term up trendline doesn't work as is should and the down pressure is still pretty massive and the second confirmation is a close below those strong support blue line. If the price reaches there then please be cautious because we might and go test the very low levels and try to be away from the market if it happens! Hopefully, this quick overview helps You out a little bit to confirm Your own analysis and levels! Please, don't forget to LIKE! Thank You for your support! Have a nice week! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
BITFINEX:BTCUSD
by VaidoVeek
28
ETHUSD HEAVY LOSSES EXPECTED BELOW $395 LEVELEthereum continues to trade sharply lower on Wednesday, with the second largest crypto by market capitalisation facing a technical meltdown below the $395 support level. The ETHUSD pair started to weaken after slipping below the $440 level on Tuesday, as the broader cryptocurrency started to decline. Heavy losses are expected if the ETHUSD pair falls below the $395 level and triggers the bearish head and shoulders pattern. The ETHUSD pair is strongly bearish while trading below the $395 level, key technical support below $395 is found at the $351 and $305 levels. If the ETHUSD pair moves back above the $440 level, buyers will likely test towards the $460 and $482 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
ETHUSD INTRADAY BEARISH BELOW $458Ethereum continues to trade to the downside in early-week trading, with the ETHUSD pair trapped between the $458 to $440 price range. Over the coming trading sessions, we may see a strong directional breakout occur if traders clear the current narrow-ranges. Sellers will look to push price below the $440 support level, while buyers will aim to move price above the $458 resistance level. The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels. If the ETHUSD pair moves back above the $458 level, buyers may test towards the $482 and $506 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
ETHUSD STRONGLY BEARISH BELOW $440Ethereum has fallen back towards the $440 support level in Tuesday trading, with the second most popular cryptocurrency looking increasingly weak. The ETHUSD pair was strongly rejected from the $460 level on Monday, as the early-week recovery faded. Sellers will now look to target the $395 support level, while buyers will aim to move price above the $460 resistance level. The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels. If the ETHUSD pair moves back above the $460 level, buyers may test towards the $482 and $500 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
ETHUSD STRONGLY BEARISH BELOW $440Ethereum, the second largest cryptocurrency by market capitalisation is back under selling pressure and has broken below the key $440 support level. The ETHUSD pair saw a rapid decline from the $475 level, as the broader cryptocurrency market tumbled lower on Tuesday. Sellers will now look to build on the recent move lower and test the $405 support level, while buyers will look to reclaim the key $440 level. The ETHUSD pair is strongly bearish while trading below the $440 level, further losses towards the $405 and $395 levels seems possible. If the ETHUSD pair moves above the $440 level, buyers may move price back towards the $451 and $458 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
A second Chance to Buy in ETHUSD ...New trading suggestion: *The price is in an uptrend and we forecast the uptrend would continue. *There is still a possibility of temporary retracement to suggested support line (440.100). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (440.100). Entry signal: Signal to enter the market occurs when the price comes to "support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Midterm Forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 440.100 would begin in Midterm. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented the price from more losses. The RSI downtrend #2 is broken, so the probability of resumption of the uptrend is increased. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 44. Take Profits: TP5= @ 864.550 TP6= @ 970.450 TP7= @ 1151.600 TP8= @ 1229.700 TP9= @ 1415.950 TP10= Free Trade Setup: We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11. Total Profit: 1328174 pip Closed trade(s): 707228 pip Profit Open trade(s): 620946 pip Profit Closed Profit: TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit. TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit. TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit. TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit. 55057 + 132857 + 210257 + 309057 = 707228 pip Open Profit: Profit for one trade is 523.734(current price) - 420.243(open price) = 103491 pip 6 trade(s) still open, therefore total profit for open trade(s) is 103491 x 6 = 620946 pip
COINBASE:ETHUSDLong
by ForecastCity
There is a Second Chance to Buy in ETHUSD ...New trading suggestion: *The price is in an uptrend and we forecast the uptrend would continue. * There is still a possibility of temporary retracement to suggested support line (496.730). if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the level 496.730 is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented the price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 42. Take Profits: TP1= @ 475.300 TP2= @ 553.100 TP3= @ 630.500 TP4= @ 729.300 TP5= @ 864.550 TP6= @ 970.450 TP7= @ 1151.600 TP8= @ 1229.700 TP9= @ 1415.950 TP10= Free Trade Setup: We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11. Total Profit: 1584266 pip Closed trade(s): 707228 pip Profit Open trade(s): 877038 pip Profit Closed Profit: TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit. TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit. TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit. TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit. 55057 + 132857 + 210257 + 309057 = 707228 pip Open Profit: Profit for one trade is 566.416(current price) - 420.243(open price) = 146173 pip 6 trade(s) still open, therefore total profit for open trade(s) is 146173 x 6 = 877038 pip
COINBASE:ETHUSDLong
by ForecastCity
1
ETH/USD - Head and double shoulders creation on 1H chart. You don't see this really often, but is still a signal that price is about to go down. Now ranging between 560-575, looking for a break to the downside. If price goes above 589.5, setup is not valid anymore. If price goes below 560, aim for 550, and if it reaches that level and breaks, aim for 540 Also interesting: More crypto's are showing the same kind of move, all causes by yesterdays spike up. Take a look and compare them:
BITFINEX:ETHUSD
by VanSteenMarketResearch
3