ETHEREUM - Intraday Update - 12/09/20 (Short-term)ETHEREUM - Intraday Update - 12/09/20 (Short-term)
Outlook : Expecting ETHEREUM to recapture its $637.90 high and beyond. Breaking above $595.50 is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis : The break above $637.90 signals the second wave consolidation is complete, and the move puts ETHEREUM back on track to challenge the next upside hurdle. The bulls are in control while $480 - Wave ii - stays intact as support.
Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note : Prices can vary between ETHEREUM exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
Ethereumanalysis
At KEY resistance level can it break through this time?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Big Ethereum Rejection!COINBASE:ETHUSD
Today Ethereum got rejected for the 3rd time by the 620 Resistance line. This outcome wasn't peaceful, it dumped about 5% in just 1h. It did the same on the 2nd rejection. It is currently in a parallel channel, but when broken to the downside ETH could drop quite low in my opinion. Another attempt breaking the 620 resistance could be crucial right now. Hope for the best. Nice trading everybody.
Ethereum it's leading toward the $365 USD next target!!!In H4, we see that Ethereum is confirm this validation of this zone of consolidation between the $393 USD and $384 USD. That was the consolidation zone that Ethereum it's created and right now, the price is found out in the bearish trend toward the $365 USD
iN Daily we see that the price is under bearish pressure. But based in my studying, Ethereum could to find down the lower zone, in that case my target will be $365 USD.
So, in H1 we see that the trend is becoming right now bearish!!!
So, I will need to know because Bitcoin is still bullish and maybe, we could see another chart and data that altcoin dominance it's going to drop and Bitcoin dominance going to up.
At the moment, I put in my sell market around of $383.50 USD with a SL at $389 USD and my own take profit will be $365 USD.
Ethereum outlookSimilar to Bitcoin, Ethereum found a bottom in early September. Unlike Bitcoin though, EthUsd couldn't manage to make a new high above the important 400 resistance and now is stuck in a range.
I will look to sell rallies close to 400 with a 330 target.
A daily close above 400 would change my outlook
#Ethereum BULLS - It's done with the drop Part 2I got stopped out of the first idea. The second one seems to be holding after I just didn't set a stop loss and let the momentum change, I could've waited anb had a better entry. But for now. It seems the momentum has shifted. I waited forever to post this as i was waiting to see if it was going to make another hug drop. And I look at the MACD and the moment was so far beyond on the down side i knew something had to give. And it is. I'm finally in the positive.
here's the chart that had me nervous after I had already been stopped out
Now I'm in the blue. I'm sure it's going to be a struggle, but I think we'll pull through.