Ethereum Price Analysis: Crucial Chart Patterns to Keep in Mind Conclusion for today’s Ethereum Analysis: A close above 187.45 is crucial for Ethereum to maintain its current bullish momentum from 84.00
Ethereum technical analysis for today is presented on the 6 hour time frame candlestick chart using a logarithmic scale. The only goal of using a chart pattern is to make profit. For this to happen, the most crucial aspect is in the early recognition of the potential pattern(s) that the market is presenting, a thorough understanding of their implications, and also projection.
The different chart patterns that formed from August 14, 2018 as part of the bearish move that terminated on December 15, 2018 are highlighted on the Ethereum chart. 84.00 marked the price low on December 15, 2018, after which price made its most recent peak at 187.98 on April 08, 2019. A rising wedge chart pattern is used to describe price action between the aforementioned dates.
A bullish price channel is another chart pattern that can be monitored as part of the future development of price action. The top boundary of the channel is drawn in dotted red lines, while its bottom (parallel line) is also the lower boundary of the wedge.
The bullish channel as drawn is tentative. A break above 187.98 increases the chance of Ethereum targeting the upper boundary of the bullish channel and eventual break above the channel itself can provide a guide for the minimum projection of price action.
The implication of the rising diagonal (wedge) pattern is ideally bearish and suggests that a sell off should ensue in the price of Ethereum with the minimum expectation being the origin of the chart pattern at ~ 84.00.
Ethereumanalysis
#Ethereum Next step!In this review, I would like to talk about some important things that can be seen in the Ethereum graph above.
Let's start from the beginning - I added 2 red lines that show solid support in the 81.33 area and resistance in the 167.60 area, that these words are written we are still within this range.
2 The red circles are located in two places where the Ethereum tried to break the resistance without success.
Yesterday we had another attempt to break the Ethereum price resistance that succeeded for a while and then became Star Candlestick, the definition of this candle is-"Small-bodied candles in the star position often suggest that market participants are becoming indecisive and that the strength of the current trend could be reversing" (according to Investopedia).
After analyzing all of the parameters mentioned above we recommend a sell signal as long as the Ether does not break the resistance.
Sell Ethereum:
Entry price: 161.30
Take profit: 102
Stop loss:180
Ethereum technical analysis: Chart Pattern Breakout Conclusion for today's Ethereum analysis: A breakout above 168.40 implies further higher prices in Ethereum
Ethereum price analysis for today is examined on a logarithmic scale on the Daily timeframe. Coverage of price action is from September 12, 2018 to current date. Bullish trendline in Ethereum is drawn on the chart to highlight the current momentum ever since Ethereum sold off from ~$255.00 to $83.17.
168.40 indicates previous support for Ethereum that has presented resistance or selling point and therefore, change in polarity at the price level. A parallel line to the 168.40 price level is drawn across 104.42 to present a range bound movement in market action, with ellipses showing pivots used to establish the sideways movement in price.
March 5 to April 1 saw the price of Ethereum remain inside of an ascending triangle chart pattern with a breakout occurring today. The aforementioned chart pattern is ideally bullish and thus higher prices can be anticipated.
Conservative strategies for going long (buying) Ethereum involve waiting for price to breakout above $168.40. The width of the range bound price movement can also be used for projection of price upon breakout (above 168.40).
Sharks Are Homing In For Ethereum - ETHUSDThe near-term outlook of the Ethereum market has turned bearish following a quick dip below Key Level 1 at 135 that broke its near-term market structure. Though Vitalik is still clinging to that level for dear life, that tiny drop of blood he spilled into the calm waters is enough for the sharks to home in for the kill. It is just a matter of time before his skinny arms give up to exhaustion and let nature takes its course. That is when price pushes through Key Level 1 once more and decline further to test Key Level 2, a level where we anticipate a technical rebound to materialize.
Ethereum price analysis: Chart pattern for Intraday TradersConclusion for today’s Ethereum analysis: Price breaking above 168.40 confirms more bullish upside in the price of Ethereum.
Ethereum analysis for today is carried out on a 4 hour time frame with coverage of market action from November 7, 2018 to current date. Ethereum has managed to sustain a bullish price swing or trend (based on the current timeframe) ever since price hit a price low of 83.19 on December 15, 2018.
A range or sideways duration of price movement is observed and plotted on the chart between 168.40 and 104.42 with the former representing the upper boundary of the range and 104.42 the lower boundary. In addition, the bullish trend line from the December 15, 2018 price low is indicated on the chart and does provide an ascending triangle (ideally bullish) chart pattern when combined with the top of the range for the ranging environment.
A break the bullish trendline is bearish, and the December 15, 2018 price low of 83.19 is likely to be challenged should price refuse to hold at 104.42 on a break below the bullish trendline.
The most conservative, bullish Ethereum trade would seek to buy Ethereum on a breakout above 168.40, while less conservative options of entering a long (buy) position involves waiting for price to successfully test the 4 hour time frame bullish trendline or 104.42.
ETH rally or crashPlease take this analysis not too serious - but take in mind nevertheless.
As the most of the cryptocurrencies Ethereum has had a really bad time since beginning 2018. It has lost 94% from the high to the low. The lowest price on bitfinex was 82$. Todays price is at 134$.
Fundamentally it doesn´t look too bad for the token, the last hardfork (constantinople) has been realized in the second attempt. But still there are a couple of things to do, as the casper-protocol, if ETH want to have a prosperous future.
On the other hand, the ETHEREUM blockchain is one of the most known blockchain and has been implemented in various use cases, beeing the source of some other coins and tokens.
As Bitcoin is the most important coin, Ethereum is the most important token (blockchain); up to now.
So what´s the current situation for the token in technical analysis?
The token has had three periods of falling prices since january 2018.
The first and steepest from jan 15 2018 to april 07 2018.
The second from may 06 2018 to november 14 2018 - with an smaller angle.
And the third with a beginning september 22 2018 - overlapping the second period - and still going on. This third has an even smaller angle than the second one.
What will be the angle of the previous period? Negative or positive?
There are two scenarios in my opinion.
A) positive
The price falls back on the support (lower limit of the wedge), rebounding on this line and beginning a rally. This rally will lead the token out of the wedge and ends the long declining trend. Of course, some resistances are to be taken - as the upper limit of the wedge and some swing trend lines. After having crossed the fib retracement 23.6% at ~324$ Ethereum would enter the zone, which I named "land of the free".
B) negative
Ethereum loses more momentum and breaks out of the wedge to the bottom. The negative trend continues and with breaking the first support it gains even more dynamic. Perhaps the negative move ends on the first supportzone, which is a swing trend line that had some importance in 2017. Or it ends on the second supportzone, which also has been a swing trend line and was probably the starting point of the rally in 2017 (~ 50$). Below this support Ethereum would enter the zone, I named "Doom zone".
The most important coins and tokens are correlated. If Bitcoin resumes new terrain, Ether will do too and vice versa. Not 1 on 1, but nearly.
I hope my thoughts have been helpfully for your decisions.
Ethereum Technical Analysis for Swing TradersConclusion for today’s Ethereum price analysis: 168.40 is critical for the price of Ethereum and a breakout above the price level implies resumption of bullish momentum.
Ethereum analysis for today is carried out on the 6 hour timeframe using a logarithmic scale, and chart inspection is from September 12, 2018 to current date.
A range bound price movement is identified for Ethereum and drawn on the chart between 168.40 and 104.42. Of particular importance is the former price level (i.e. 168.40) as it was previously a support level for Ethereum back in September of 2018.
Same support price level presented resistance for price action in the week of January 02, 2019, and also again on January 24, 2019 as highlighted by the blue ellipses. The implication of the above is that the upper boundary of the range movement indicates a change in polarity and/or significance of the price level for Ethereum going forward.
Current bullish trend on the 6 hour timeframe chart from a price low of 84.00 on December 15, 2018 is also important to pay attention to as price breaking below improves the likelihood of testing the bottom of the price range at 104.42.
Retracement of price to 104.42 and consolidation that is confirmed by momentum presents a buying (long) opportunity in Ethereum. This strategy is considered less conservative than if price attempts a breakout above 168.40.
Ethereum Price Analysis: Limited Bearish Potential.Here's WhyEthereum technical analysis for today is carried out on a 1 hour timeframe that examines price action from December 07, 2018 to current date.
Bullish price swing in Ethereum from the December 15, 2018 low of 83.19 culminated in a top formation best described as a complex head and shoulders top pattern. Confirmation of the pattern came in ~151.22 on January 10, 2019 when price closed below the neckline of the aforementioned bearish pattern.
An ending wedge (ideally bullish) in red helps to capture price action close to support for Ethereum between 101.71 and 93.91.
A break below 93.91 implies further downside in the price of Ethereum.
On the other hand, price breaking out above the upper boundary of the ending wedge indicates the resumption of bullish momentum in Ethereum. 135.04 is used in this analysis as a more conservative price level for entry into a long (bullish) position compared to buying on an immediate breakout from the wedge.
Ethereum Price Analysis: Live Update
Conclusion for today’s Ethereum Analysis: Price breaking out above $167.10 can be used to initiate long (buy) position(s) provided momentum offers evidence.
Ethereum price analysis for today is presented on a logarithmic scale with the chart covering over 11 months of price action. Bearish trendline drawn on the chart is used to highlight the overall trend in price for the duration mentioned.
Important attention is drawn to ~$167.10 price level as it did offer support for price on September 11, 2018, but currently presents resistance, and hence retracement in price considering the bullish price swing from ~$81.96.
$167.10 and $134.33 is therefore considered in this analysis as the upper boundary and lower boundary respectively for resistance/overhead supply.
A conservative way to enter a long (buy) position(s) is on a breaking out above the upper boundary of resistance.
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Enlighten others
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
YouTube Channel For Daily Analysis Over Crypto & Forex [ /url]
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.
Contact me on Facebook if you are interested: My Facebook
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.