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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
Is it a Bull time for Ethereum In the current week, we saw major cryptocurrency giving out a relief rally with BTC almost gaining a well over 17% compared to last week closing. One of the anticipated major factors for the relative run is the end of tax season being over on 17th April and so, investors are entering again to reap benefits from these lower levels. Furthermore, the announcement of “Bitcoin being permissible under sharia law” added to the charm. Currently, the dominant BTC is consolidating over the comfort levels of the Bull-Runners in market, instilling a lot of confidence for traders and investors. We saw some of the top alternative cryptocurrencies rally over the ‘stability that the flag-bearer gained in the week’. Adding to the above, we also saw the Managing Director of the International Monetary Fund (IMF), Christine Lagarde, praising of multiple benefits about cryptocurrency and she envisages a large scale shift from government issued currencies towards cryptocurrency. Complementing into the account of positive factors, we also saw affluent people like George Soros and institutions like Barclays from the background of traditional financial markets entering cryptocurrency industry, thus, indicating the relative economical strength that these emerging market hold. Bitcoin : BTC is trading at $8,180 representing a gain of about 1% in last 24-hours. Bitcoin Weekly Price Analysis BTC post the climb above the long-ranged line of resistance has been consolidating between the range of $7,700 – $8,400. Bitcoin Weekly Technical Price Analysis If we look into the shorter time-frame of 4-hour, a small bullish pattern (cup & handle) can be seen as formed, which if broken over the above downtrend resistance can gain a momentum upto next level of overhead resistance depicting around $9,150 which is also 23.6% Fibonacci Retracement resistance of the fall from $19,666 – $5,920. After the current strong consolidation, we expect BTC to have a momentum another pull-back rally from current levels treating 20 day EMA and baseline of the “handle” as immediate intra-day support. We expect BTC to have a break-out soon to new levels of resistance and our Bullish views will be invalidated if it falls below it’s April lows of $6,400 as we expect it to be all time low for this quarter. Ethereum: ETH is representing a gain of 4% in last 24-hours currently trading at $535. Ethereum Weekly Technical Price Analysis Ether as per our last weekly analysis was considered as the most positive cryptocurrency and we expected ETH to gain a rally momentum upto the first overhead resistance seen in charts above at $600. ETH currently is trading between the tight range of 20 & 50 day EMA with both acting as immediate support and resistance respectively. We still find ETH to continue with it’s positive pullback upto first overhead resistance of $600 and any break-out above the same will open up further avenues for ETH $745. Our bullish view will be invalidated if ETH falls and closes below $450.
BITFINEX:ETHUSD
by Bitweeth