Ethereumanalysis
Ethereum Good opprtunity to buy now (ETHUSD)Hello Traders,
in this chart i'm sharing Ethereum analysis good long opprtunity now,
You can place buy bid with SL and before invest also do your own research as well.
Our previous success analysis:
Legal disclaimer: I am not a financial advisor, You trade at your own risk and nobody can guarantee you results.
Global Rashid
The Guide To The Right Path
Ethereum Technical Analysis:Break below bullish trendlineConclusion for today’s Ethereum analysis: Price closing above ~246 is bullish for Ethereum price.
Ethereum price analysis for today is carried out using a log scale on the Daily timeframe. A candlestick chart is used with price action displayed from the January 2018 to current date.
The previous bearish trendline in Ethereum is indicated on the chart prior to a successful break above its upper boundary in March 2019. The bullish swing also since December 2018 is also represented with the use of a bullish trendline.
Resistance for Ethereum price is currently marked between 307.08 and 363.74, with the latter representing a price level where a change of polarity can be observed on the Daily timeframe. In essence, the 363.74 price level will be key to watch and will be important for future price development.
A break below the Daily timeframe bullish trendline that lasted over 6 months implies bearish implications. Adding to the current bearish bias is also a consolidation of price just below the trendline. However, the 200 Day moving average (MA) plotted on the chart offers support for Ethereum price, as well as the upper boundary of support between 188.81 and 167.64.
As a result, price moving to the upside from 200 Day moving average and price capturing closing above ~246 will argue for a bullish bias in Ethereum.
#ETHUSD#Ethereum, Operating instructions for AugustWe have been stuck for a month between $ 197 and $ 233 and we expect it to continue for another month.
So what can be done by then? Buy as close as possible to support $ 197 and sell as close to resistance as $ 233.
If you are a trader who wants to trade only with the trend then wait for the price to approach $ 233 and then sell.
Ethereum bearish But not much!ETHBTC have broken the blue support line but no volume followed. it seems ethereum is ranging and does not care about ressitance. so a conclude that this blue line support is no longer valid. i think ethereum will surprise us rallying to the up side. i drew a support area. may be ethereum will bounce from these levels.
Ethereum Technical Analysis: Intraday Bearish Chart PatternConclusion for today’s Ethereum price analysis: Lower price is expected in Ethereum with ~239.74 as the minimum expectation.
Ethereum analysis for today is carried out on the 4 hour timeframe using a candlestick chart. May 11, 2019 to current date is examined with the duration including a bullish trend from ~168 to 363.18 on June 26, 2019.
Ethereum sell off after reaching the June 26, 2019 peak involved the formation of a Head and shoulders top pattern that is not yet complete. Confirmation of the bearish implication of the pattern occurs when price closes below the neckline as highlighted on the chart.
Trajectories for the price of Ethereum are also drawn on the chart which includes price continuing to sell off to the expected target or a quick move to test resistance at the 326 price level prior to resumption of bearish strength.
Projection of target for Ethereum can be carried out by measuring the vertical distance from the peak of the head and shoulders pattern to the origin of the neckline at ~275.05. Same distance is projected below the breakout below the neckline when the pattern becomes confirmed
Price moving instead above the 326 price level as well as the June 26, 2019 peak in price invalidates the above analysis.
Ethereum Price Analysis: 6 Hour Timeframe Chart PatternsConclusion for today’s Ethereum technical analysis: Price closing above ~325.30 implies further bullish strength in Ethereum.
Ethereum analysis for today is presented on a 6 hour timeframe candlestick chart with major focus on the uptrend in Ethereum (ETHUSD) since December 15, 2018. Context is provided for price action ever since then using a bullish price channel.
Ellipses on the chart indicate price pivots used to draw the channel with the most recent pivot i.e. (148.88) occurring on April 25, 2019. The most recent peak in Ethereum achieved on May 16, 2019 at ~279 failed to test the upper boundary of the channel and is therefore a sign of weakness in bullish strength.
Also indicated close to the recent peak in price action for Ethereum is a pennant structure which is ideally a continuation pattern, and in this case, bullish. On the other hand, price closing below ~224.77 further decreases the chance of a bullish move and suggests the bottom of the channel at ~186.84 as the next target.
Trading Ethereum for a bullish (long) position(s) is considered most conservative if an order(s) is placed upon break above ~325.30. This ensures that price has successfully ejected from the bullish channel and also the pennant structure would have been confirmed.
Less conservative strategies would seek to buy as soon as pennant is confirmed by price closing above ~262.25 since the implication of the chart pattern in a continuation position is the resumption of the previous trend.
On the other hand, price closing below ~224.77 further decreases the chance of a bullish move and suggests the bottom of the channel at ~186.84 as the next target. 156.73 and 148.43 represents immediate support for Ethereum below the bullish channel and price closing below 148.43 indicates further bearish strength.
Ethereum Makes a Bullish crossover against BitcoinPast week has been quite crazy in terms of the crypto market with Bitcoin dominance rising, but now overall we see a trend of altcoins rising and this seems to be confirmed by the bullish cross over by Ethereum. The Bollinger bands suggest that ETH did hit the resistance line and then bounced back and has crossed the neutral line to the outer band. The RSI Indicator also is on the rise and is at 61 which confirms the Momentum.
The next target price seems to be 0.035 against BTC, but it wouldn't come without the necessary corrections in between as the ETCHBTC is hovering around 0.032.
Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.
Simple logic why we are on the way to 370 #EHT/USDIn recent years, Bitcoin has set the tone for all other currencies, including the Ethereum.
A few days ago, the Bitcoin began a big climb and after a few days, the rest of the cryptocurrency joined the party.
On the weekly chart of the Bitcoin we can see that the Bitcoin has already crossed the 100 moving average line and here too we believe that it will at least touch it and perhaps even cross it.
Therefore our signal is a buying signal with a target of 370.
A trading opportunity to buy in ETHUSDMidterm forecast:
While the price is above the support 162.650, beginning of uptrend is expected.
We make sure when the resistance at 264.800 breaks.
If the support at 162.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 44 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 148.700 on 04/26/2019, so more gains maximum to Major Resistance (264.800) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 74.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (187.50 to 162.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (187.50)
Ending of entry zone (162.65)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" 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 the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 264.800
TP2= @ 309.100
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
Ethereum Technical Analysis: Next Bullish Target.... Conclusion for today’s Ethereum price analysis: Price closing above ~252 implies more bullish upside in Ethereum.
Ethereum chart provided for this analysis is a Daily timeframe candlestick chart that uses a logarithmic scale. Previous Ethereum analysis focused on the 6 hour timeframe and the chart pattern formations (tentative) to be aware of for future price development.
The main goal for today gives major consideration to the chart pattern developing on the Daily timeframe to understand the tendencies for price action. A rising wedge (diagonal) chart pattern is identified to provide context for Ethereum price from the low achieved on December 14, 2018 to current date.
The above mentioned chart pattern is ideally bearish. However, price trading currently between 192 and 194 at the upper boundary of the wedge implies a potential breakout to the upside and bullish momentum strengthening.
Of important notice also is 192.30, which is the lower boundary of horizontal resistance coinciding with the upper boundary of the wedge. A close above the aforementioned price level presents 252.84 as the next challenge for continuation of bullish momentum.
Buying on a breakout above 252.84 is thus considered a conservative strategy to go long (buy) Ethereum while buying prior to that is less conservative. Lastly, the Average Directional Index (ADX) shown at the bottom of the Daily timeframe Ethereum chart shows the ADX line with a positive rising slope with the +DI line well above –DI line.
This implies that current trend strength favors Ethereum bulls and prices should keep moving higher.
Price closing below ~148 and also the bottom of the wedge implies an increase in bearish strength that could lead to price closing below its December 14, 2018 low of ~80.96.
eth/usdt is ready to dump/short now !ethusdt is forming ascending triangle on week chart and price is at strong resistance just wait when price break the ascending triangle downward then take a short trade or exit from a buy trade it is giving good risk reward so you can go for it ;)
PLEASE LIKE THIS POST AND SHARE WITH YOUR FRIENDS .
FOLLOW ME FOR FUTURE ANALYSIS ON OTHER PAIRS :)
disclaimer : I could be wrong please take trade at your own risk .
Ethereum Price Analysis: 3 Crucial Chart Patterns to Keep in MinConclusion for today’s Ethereum Price Analysis: A break below 157.01 implies resumption of bearish strength in Ethereum with lower prices anticipated.
Ethereum analysis for today takes a look at the chart patterns that are currently active and/or tentative to help guide long (buy) or short (sell) decisions based on future development of price action. Ethereum chart presented is a 6 hour timeframe (log scale) with 3 main chart patterns for consideration that are discussed below.
These are the rising wedge (diagonal), bearish channel and bullish price channel.
The rising diagonal (wedge) pattern covers price action from 84.00 price low achieved on December 15, 2018 to the price peak established on April 08, 2019. The bearish implication of this pattern suggests that price will re-visit the December 15 (84.00) price low as a minimum expectation. The condition to satisfy the price swing above is a confirmation of the pattern via price closing below ~148.07.
A parallel line to the lower boundary of the rising diagonal is also highlighted to establish a tentative bullish channel in Ethereum (ETHUSD) that can be monitored going forward should bullish momentum pick up and be re-established. Confirmation of the channel can help provide the basis for future projection or forecast in Ethereum price.
Last but not the least is the current bearish price channel that is active. This implies that its width is highly invaluable to provide estimates or target for price action upon price breaking above or below the channel.
Price closing below ~147.01 suggests that bearish momentum has resumed that will at least take Ethereum price to the lower boundary of the wedge and even lower.
TIGER "WOOD" GO LONG ON ETHEREUM (ETHUSD - DAILY)ETH price holding above the $160 level, no further retracement.
Looking to fade sellers and enter about +/- $170, for a 2.4/1 Risk vs Reward
Upside to Take Profit at $210 with a trailing SL.
Looking for precise entry on the correction from $210. (long)
I think Tiger Wood go long....
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.
#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.