Megalodon Trading - Ethereum - Short Term BullMegalodon Pro+ Long Term Isolator is green on 1D. Pull backs on Megalodon Pro+ Short Term Isolator on 240 or 60 will bring a good trade for ETH/USD
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~Megalodon Trading~
Enlighten others
Ethereumanalysis
Ethereum creating Wave 5 little bullish !Hello guys this is ETHUSD 4 Hour Chart, currently Ethereum is on support zone & Elliott wave 4 and pullback from here will create wave 5.
After breaking resistances Ethereum retested the resistances as support by creating and following Elliot wave, so a bounce back will complete the wave 5
ETH/BTC Long Term Trend ViewHey all!
Haven't posted in ages so I thought why not post a chart again so here we are with ETH/BTC since that one is the most intriguing in my opinion.
The recent move down has nearly gotten exponential and now we are at a point of a old support level that has been tested two times that triggered a heavy bull trend but the market in which ETH finds itself is still bearish.
Even if ETH/BTC goes up it might be more beneficial to be in USD till the market turns around. ( If BTC/USD goes down but ETH/BTC goes up you gain more if you are in USD. )
Regardless lets take a look at the trends and how the next one might form.
To keep it simple and quick I have put all references towards trend finding in the chart for bearish and bullish cases.
Sideways has not been mentioned since you can't easily and accurately spot that until it happens ( hence why whipsaws exist ).
In short it looks like ETH/BTC's down trend is out of it's current pace and has stopped following the bearish momentum trend ( green arc ) which is a "bullish" indication since it got less bearish.
The green support line is the next support to keep a eye on if it does go lower. It is far from bullish, the current trend switched momentum which means that a reversal is possible but there are no signs of it yet but it is a indication for a mean reversion scenario which can whipsaw longs that get late to the party.
Some of the early signs are pointed out in the chart for later reference.
TLDR:
Bearish Market Influence
Bearish Trend
Momentum Trend switched
Support Level Coming Up
Mean Reversion
USD vs BTC vs ETH = USD is beneficial
ATR is the earliest bullish trend sign
Mean Reversion could end up with whipsaws
I hope this helped you and you liked reading this, if you have thoughts about ETH/BTC/USD share in the comments!
As Always,
Happy Hunting!
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
ETH H4 RSI Bearish Divergence On the 4 Hour Chart of ETHUSD we have 2 bull and 2 bear target.
1st bull target is 270$
2nd bull Target is 298$
1st bear Target is 167$
2nd bear target is between 110$ - 90$
RSI is showing bearish divergence.
Most likely Ethereum will Break the Red Trend support, we should look at the trend support & Resistance 224.44$. 100 MA will also work as resistance on the 4 Hour Chart.
Ethereum Master Analysis for future price predictionEthereum is one of the weakest currency among the major name of top Cryptocurrency. I had posted a analysis of Ethereum to my paid group one month back when Ethereum was 450$ and ethereum broke the trend support line. That time all of my paid group member shorted with 5X leverage and they tripled their total investment in Ethereum.
According to the POL flag Ethereum should go near 60$.
However, on the weekly chart of Ethereum moving averages are far away from the current price and Stochastic RSI is showing oversold for several weeks. If Ethereum hold the support of 138$ then it can jump back to retest 296$ as resistance then it will come to near 60$ according to the POL flag target. If a reversal pattern occurs from 138$ and close above 12 and 26 EMA level then I will close my short position for a short time.
ETH/Ethereum Trade Setup Idea | Sept. 2018Overall we had major respect at the level/zone we are at. I have been in the BTC buy since $6,000 and BTC controls a lot of other cryptos since it is the dominant coin.
I think we can see upside towards $400 and find some resistance and fall back down. This is just an IDEA and for educational purposes. Most of my analysis are pretty on point, but trade at your own risk. I do feel confident with some upside movement. There is no reason to go short as OF NOW. That can change, I would like to see one more test on our zone before placing any position just to see if we get one more nice rejection.
Your Welcome,
TradingWill
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If you are interested in quality paid crypto signals, I charge fairly cheap than other people and we have high quality trades. We are currently 10-1, and still in the BTC buy off $6,000.
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Ethereum Price Analysis: Probably a Great LONG-Term and Short-TeSo, let’s not make any bones about it.
I was wrong on this call.
Unfortunately. Stopped out!
Above is a look at Ethereum on the H6 chart. I pick the H6 because it tends to give me the best of both worlds when it comes to the lower TF charts.
What Happened
So, as the price of Bitcoin (specifically) spiked, Ethereum did not go up with it. This is the case for many of the other altcoins in the market during Bitcoin’s run up to $6.9k.
However, as the price of Bitcoin began to consolidate it’s way back down to the sub-$6.5k range, the rest of the market continued to plummet with it.
As you can see in the screenshot above, Ethereum was no exception.
Ultimately, despite me being wrong, it wasn’t an egregious mistake because the price of Ethereum hasn’t necessarily gotten throttled.
Currently, it’s down about 7% from where it was at the entry of the trade that I had recently listed. The S/L was only 3% down to maintain our >1:2 R/R ratio.
There’s definitely potential for a double-bottom if you look at it correctly on the chart above.
I made it a little easier to identify with the golden circles.
Of course, the price would need to breach $318 first.
Fibonacci Levels
For those that believe in the Fib levels, this price has buoyed right against that 78.6% retracement mark rather well (this is on the daily).
Conclusion
This is a fairly short analysis, because I didn’t think we needed to do too much with this.
The price is pretty self-explanatory at this point when it comes to $ETH and we’ve already laid out the overhead resistance points.
I don’t anticipate that the “bottom” for $ETH is more than 50% below where the price is at this very second, and that’s probably true for most projects in the T100, so buying here and just holding for the long term isn’t a terrible decision at all.
In my opinion (not financial advice), if you are not a trader but you’re still someone that is looking to hop in the markets and make a couple bucks from holding some good positions, Ethereum looks like it’s a good buy.
I’m not sure how long that it’ll last in the grand scheme of things, but I imagine that it will one day surpass the price that it is at now. If it doesn’t, then it’s just simply going to die. So, we’re getting at that point in the bear market where you either have to “believe” in the tech itself, or accept that it’s going to die. Pick one.
And if you believe in it, then investing at this point sounds like a righteous idea. If not, then stay the hell away!
ETHEREUM ( ETH/USD ) Latest Forecast - A Trade Worth PursuingGood day, traders! Please give me a moment to share my humble observation before we begin today's forecast on Ethereum.
It is humorous to see so many bullish technical analysis on TradingView today. If you look back just a few days ago, everyone here was so sure that Bitcoin and Alts would capitulate while I was the only contrarian telling people otherwise. I certainly don't remember seeing any self-proclaimed "best of the best" authors posting any charts or analysis to help either. They just conveniently disappeared and occupied themselves with "other pressing matters" during the hard times. Now that the grass is green again, you see them popping up in the field like lilies after the rain.
The only worth notable traders who consistently post good analysis when the going gets rough are people like TomProTrader, MarcPMarkets and HamadaMark. These are the people who are worth following and not those who mysteriously reappear when the trend is obvious. To my followers who were ridiculed and insulted simply by supporting me, please just ignore the trolls and haters next time. They are not worth your time.
Alright, let's get on with the forecast. As you can see in the 4-hour chart, price is currently resting on the 30-day MA (red line) after breaching the rising wedge bearish pattern. It appears to be slowly moving up to test the 10-day MA (blue line) resistance level. Before we jump into conclusion, let us evaluate the situation from a technical standpoint. MACD looks bearish and RSI is slightly above 50 but could turn bearish any time. Stochastic is close but still not in the oversold region. Given all that, I think the correction may continue until price finds itself in the key support level. If it holds, we may see a bullish continuation with an upside target of $650 - $670. On the other hand, a breach below it would upset the bullish momentum. I think we are looking at a good risk/reward swing trade if you plan on starting one. ;)
That’s all for now. Happy trading!
ETHEREUM ( ETH/USD Analysis ) - 418, The Last Line of DefenseJust got back from an 8-hour drive so I will make this very short. I am prioritizing this analysis because it requires special attention. What I am about to tell you is just a worse case scenario and maybe it won't happen at all so keep calm, my friends.
As you can see, price has again bounced off the falling wedge and make its way north which has tons of resistance, right? If we can break above those resistance and that upper purple line, then we get a home run.
However, if price were to stall and fall back into the falling wedge at any time, especially below $418, then all I can say is -- buy the dip! Again, this is just a worse case scenario so there is no need for panic but if it does happen, I can only imagine that BTC must have bungee jumped to $3k.
Why am I telling you this? I just want my followers and friends to be prepared for anything. More importantly, set your buys now around the buy-the-dip zone so you guys can brag about your trade entries when Ethereum goes to $1k later this year. Good luck and happy trading!
#etherusd ready for going to moon hi again check this out and contact us for learning forex with us
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ETCUSD - My Bearish OutlookSo from what I see Ethereum like Bitcoin is also forming a symmetrical triangle. Because I see both patterns as being very similar and the outcomes most likely similar I have just copied over most of my Bitcoin analysis.
In my Bitcoin chart that I just published, I explained how In most instances, the symmetrical triangle is a continuation pattern which unfortunately would mean more downside for Ethereum.
Symmetrical triangles also indicate a period of indecision in the market which plays out as a pattern that moves sideways as bulls and bears fight for dominance.
As you can see by the chart we are seeing classic signs of the symmetrical triangle or contracting wedge , there is the continued tightening or coiling of the consolidation pattern along with decreasing volume as the pattern tightens
and pressure builds so when the breakout does occur you can usually expect it to be accompanied by a large spike in volume .
Generally, with a symmetrical triangle, the breakout will occur near the 1/2 or 3/4 point of the pattern, to me, it looks like we are very near the 3/4 point so I would say a breakout is imminent.
Looking at the chart I can see pretty good support around the $500 level and if that does not hold I see even stronger support in the $400 area and then in the $300 area.
Just based off what I am seeing in the chart I am bearish in the short-term (weeks or months) but remain bullish long-term (years). I will be watching the price action closely for possible trade opportunities and also for opportunities
to pick up more Ethereum at discount prices to add to my long-term holdings.
New Lower High and rejection lowerThe price successfully made a Lower High on the 1D Channel Down (MACD = -16.120) and should be now rejected on the critical 609.80 point (RSI = 48.286). If it breaks to the upside then the pattern is nullified and we will look for alternative scenarios. However the most likely outcome is a new bearish 4H Channel (ROC = -2.615, ADX = 37.058) within the 1D Channel Down, similar to the previous week as seen on the chart. TP1 remains 487.07 (April 14 support) but the technical Lower Low and TP2 is 420.31. The last target is the 1W support = 357.60 and we will only target it after a Lower High is made.
Channel Down to 420.31Ethereum is on a clear 1D Channel Down (RSI = 42.411, MACD = -28.370, BBP = -69.0840) since the 721.07 Lower High (Highs/Lows = -15.2043). The drop for the next Lower Low will either take place now or at 609.80 (both short entries). Based on the 4H ADX = 28.911 the TP1 is 487.07 (April 14 support) but the technical Lower Low and TP2 is 420.31. The last target is the 1W support = 357.60 and we will only target it after a Lower High is made.
Ethereum (ETHUSD) bullish channel update: 4hr tfMy previous post on Ethereum can be found here:
It was mentioned in the post that Ethereum (ETHUSD) was likely going to test the bottom of its current bullish channel before any bullish action that would reach the upper line of the channel. Price action rather continued its bullish action breaking the upper line of the channel temporarily i.e. reaching the target area mentioned in the last post. Ethereum is currently at the bottom of the channel at ~$610.58.
Support beyond the bottom of the channel remains between ~$689.40 and $702.90 and the point of validation of this analysis (POI) is still kept as a price close below ~$541.75.
For Ethereum to maintain its current bullish progression, commitment by the bulls is necessary which = pushing prices back to the upper line of the channel as depicted by the red arrow.
The makes the new target area for Ethereum = between ~$702.83 and ~$725.06.
Price close below the bottom of the channel and also support as shown above could have further bearish consequences for Ethereum with price returning to ~$502.77 or even the high $400’s.
Lastly, the 4hr tf RSI is shown here and clearly does have a negative slope. This implies that the RSI is not confirming a bullish move yet for Ethereum and it is worth waiting for the 4hr tf RSI to bottom and/or resume a +ve slope upwards before starting to consider going long (buy).
Ethereum (ETHUSD): Patience required (4hr tf analysis)The price of Ethereum from ~$867.20 (March 5, 2018) to ~$461.12 on March 18,2018 has been identified in this analysis as the termination point of a minor wave Y and intermediate wave (Y). These imply that Ethereum will sustain a bullish momentum, even if temporarily.
Patience is required because it is safer to start considering long (buy) positions only after a 3 wave (correction) move against the current upswing to further confirm that the previous downtrend is over.
Assuming that the price of Ethereum doesn't close above its latest high (i.e. ~$590.11), long positions can be entered on a breakout above $590.11 after a 3 wave move from this pivot.
POI = Point of invalidation = price closing below $461.12.
Ethereum AnalysisBased solely on what we are seeing here, Ether has been on a downtrend but has managed to hold around the 50% retrace. This is very important resistance for Ether. If Ether can remain above this level it will become very bullish. Be expecting a high volume breakout from the trendline. If it can hold this level I can see it making a move for its all time high. Please LIKE if you agree, thanks!
\\:UPDATED:// ETH/USD - 4H Charts - Technical Analysis 26/02/18Dear Viewers,
This is an UPDATE of my previous 4 Hour Chart TA.
The 870$ resistance has fallen !
At this time, ETH is not longer in a Bearish mood, we can see that thanks to the RSI being above 50, but keep in mind that the MACD is still corssing down on the daily charts.
There is a possibility that ETH drops furthermore if it doesn't hold the 870$ position. If it doesn't succeed in going out of that yellow triangle by crossing upwards.
My mood is LONG for daily trading, but still neutral for a mid-term holder.
If ETH breaks through the 900$ resistance level, we will be on a journey to a A.T.H again.
DO keep a 1 Day chart open at all time to double check if the MACD is crossing back up again, normally it should, expect if the bulls can't hold the selling pressure at 870$.
Until ETH breaks out of that yellow triangle, we can't say that ETH is in a fully bullish mood yet. Keep you charts open.
If it does break through the triangle by going crossing upwards, it will go up to the new resistance level : 900$
The market is, as always, unpredictable.
The only thing we can do is to try to figure out WHAT COULD HAPPEN.
Thanks for reviewing my first analysis on trading view, don't forget to follow me and to leave behind any comments on what you think about this.
Raw_Blitz out.
ETH - Can the Uptrend Continue?Nice bounce off of the 100 SMA on the daily time frame I would really like to see ETH break above $900 here, although it may fail on its first attempt and need to bounce again off of the 100 SMA. Something will have to give eventually as the price gets squeezed between the $900 price level and the rising 100 SMA. Looking forward if ETH can manage to push back above $1000 IMO that would be huge, ETH looking good as long as it can stay above the 100 SMA.
My thoughts on ETHMy thoughts on ETH are pretty much the same as with BTC, (see the BTC chart I published today for my thoughts on BTC), pretty much since Jan. 13th ETH has been stuck in a 10:1 ratio with BTC. So I would expect if BTC rolls over and heads lower we will see the same from ETH, or if BTC keeps moving higher again I would expect ETH to do the same.
As I said in the BTC chart comments I am not yet convinced that the lows set on Feb. 5th (ETH) & 6th (BTC) are the bottom, as the chart shows I could see a double bottom as one possibility or ETH could head lower and set a lower low. Of course, another possibility is that the low on Feb. 5th really was bottom and we just keep moving higher.
ETH - My plan to Buy MoreAlong with Litecoin Ethereum has made a pretty good move over the last two days and I am tempted to add to my position. My plan though is to be patient and wait for a better price to buy. I would like to see ETH test the $400 support level again where I would buy or slowly drift lower to the long-term trendline where I would also buy.
SHORT ETHER - MID TERMThis is a perfect time for short ETHUSD. Apparently, price will be down for a while, moving towards support trend line. Wait for RSI indicator to confirm price movement. Addionatly, volume confirms an ETHUSD weak market (as you can see, while price is moving in a bullish trend, volume is moving in a bearish trend)!
SellNear: 460
- My Take Profit -
TakeProfit: 322
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