Ethereum RE-BUY
ETHBTC it s situated into a rising wedge which will result probably into a breakdown from this wedge.
ETH was tested 0.0376 Resistance line and now they want to push higher but in stochastic RSI we have a bear cross,RSI and macd it s a little overbought at 1D timeframe.
We are above ichimoku cloud which is a bullish sign but probably they need to cool down a little bit . My target for RE-buy is 0.0331 (i m solded only 50%)
Ethereumbtc
A trading opportunity to buy in ETCBTCTechnical analysis:
. ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00211)
Ending of entry zone (0.00182)
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= @ 0.00240
TP2= @ 0.00280
TP3= @ 0.00324
TP4= @ 0.00350
TP5= @ 0.00470
TP6= @ 0.00560
TP7= @ 0.00820
TP8= @ 0.00951
TP9= Free
ETHEREUM SHORT!Ethereum is one of the coins which tend to go the opposite direction of Bitcoin so as I was expecting BTC to breakout soon and I decided to checkout and what I see is a movement down , RSI overbought bearish signal, Elliot Wave Oscillator looking to make one more small red wave before ETH goes green so a downward movement is anticipated..
So my advice to my ETH hodlers or traders sell now buy back 0.0671 BTC and make money ! Don't forget to put a stop loss(buy-back) at 0.0729 BTC because if the market goes green then ETH might just follow the market. However there are a lot of bearish signals so my position is short now.
Good Luck, Traders!
ETHEREUM ETHBTC Everything you need to know is inside!Hello folks,
This analysis gives everything you need to know about EthBtc pricaction.
Green lines are support lines.
Red lines are resistance lines.
Blue lines are showing the general wedge trend.
Use 50, 100 and 200 MA as both support and resistance as well! (If at high then resistance visa versa)
We'll update the graph if necessary, for now we cover the very important parts.
Stay calm, trade wisely.
CryptoCholics out, peace out!
PS: You can follow us from social media to be tuned with latest news and discussions by searching CryptoCholics.
Disclaimer: This is not a financial advice, always make your own research and evaluate what we share here.
There is a Second Chance to Buy in ETHBTC ...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 (0.07200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 0.07200 is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.
Take Profits:
TP1= @ 0.06050
TP2= @ 0.07200
TP3= @ 0.07750
TP4= @ 0.08600
TP5= @ 0.10000
TP6= @ 0.11050
TP7= @ 0.12150
TP8= @ 0.15150
TP9= Free
Trade Setup:
We opened 9 BUY trade(s) @ 0.05474 based on 'Hammer' entry method at 2018.04.04.
Total Profit: 17562 pip
Closed trade(s): 4578 pip Profit
Open trade(s): 12984 pip Profit
Closed Profit:
TP1 @ 0.06050 touched at 2018.04.11 with 576 pip Profit.
TP2 @ 0.07200 touched at 2018.04.24 with 1726 pip Profit.
TP3 @ 0.07750 touched at 2018.05.03 with 2276 pip Profit.
576 + 1726 + 2276 = 4578 pip
Open Profit:
Profit for one trade is 0.07638(current price) - 0.05474(open price) = 2164 pip
6 trade(s) still open, therefore total profit for open trade(s) is 2164 x 6 = 12984 pip
There is a Second Chance to Buy in ETHBTC ...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 (0.07200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 0.07200 is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.
Take Profits:
TP1= @ 0.06050
TP2= @ 0.07200
TP3= @ 0.07750
TP4= @ 0.08600
TP5= @ 0.10000
TP6= @ 0.11050
TP7= @ 0.12150
TP8= @ 0.15150
TP9= Free
Trade Setup:
We opened 9 BUY trade(s) @ 0.05474 based on 'Hammer' entry method at 2018.04.04.
Total Profit: 17562 pip
Closed trade(s): 4578 pip Profit
Open trade(s): 12984 pip Profit
Closed Profit:
TP1 @ 0.06050 touched at 2018.04.11 with 576 pip Profit.
TP2 @ 0.07200 touched at 2018.04.24 with 1726 pip Profit.
TP3 @ 0.07750 touched at 2018.05.03 with 2276 pip Profit.
576 + 1726 + 2276 = 4578 pip
Open Profit:
Profit for one trade is 0.07638(current price) - 0.05474(open price) = 2164 pip
6 trade(s) still open, therefore total profit for open trade(s) is 2164 x 6 = 12984 pip
Ethereum Fractal Interesting Pattern to Follow for BreaksYou can notice the bar pattern from the beginning of May to current Price.
Watch for key break points in either direction, and mostly importantly, LOOK AT VOLUME. We want to react to the markets instead of predicting with a chance of error.
Here are my few cents and potential consolidation zones on our next way up if this pattern holds.
Ethereum Approaching Strong Ressistance in a Breakout Pattern.Hey, I am back with another Idea .
This time looking at Ethereum . Last time I gave strong buy signal at 487 dollars, and we are now at 690 now.
So far Ethereum had pretty nice run up, since it was way oversold.
Currently looking at the chart .
There is a wedge that is about to break.
Wedges can break both sides up or down, and I cannot be sure which way it will be, but lets take a look at the Indicators and see which way has more chance then another.
Indicators .
RSI looking good and showing clear support levels, level between 54 and 46 is being undecisive, if ETH will break upwards like it did now, its a good bullish sign. If falls below negative price action should be ahead.
MACD - is quiet before the storm will come, showing small buy signal.
Stoch is pointing upwards.
Volume is same as MACD, quiet before the storm.
I think thats about it.
Hope I made your view on whats going on with Ethereum somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update.
There is possibility for the resumption of uptrend in ETHBTCETHEREUM/BITCOIN
Midterm forecast:
While the price is above the support 0.02200, resumption of uptrend is expected.
We make sure when the resistance at 0.07200 breaks.
If the support at 0.02200 is broken, the short-term forecast -resumption of uptrend- will be invalid .
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.05370 to 0.04520), if so, we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05370)
Ending of entry zone (0.04520)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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:
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 30.
Take Profits:
TP1= @ 0.06050
TP2= @ 0.07200
TP3= @ 0.07750
TP4= @ 0.08600
TP5= @ 0.10000
TP6= @ 0.11060
TP7= @ 0.12160
TP8= @ 0.15140
A Great Buy Trading Opportunity for ETHBTC!!Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.07195 to 0.06600), if so, we would set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Beginning of entry zone (0.07195)
Ending of entry zone (0.06600)
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 31.
Take Profits:
TP1= @ 0.08600
TP2= @ 0.10000
TP3= @ 0.11060
TP4= @ 0.12530
TP5= @ 0.15140
TP6= @ Free
Excellent Long-Term Hunting Opportunity in ETHBTC, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (0.07750 to 0.06600), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Beginning of entry zone (0.07750)
Ending of entry zone (0.06600)
Take Profits:
TP1= @0.0860
TP2= @0.1000
TP3= @0.1106
TP4= @0.1253
TP5= @0.1514
TP6= @Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 70.
.Current short-term is uptrend and continuation of uptrend is expected.
Excellent Long-Term Hunting Opportunity in ETHBTC, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (0.05250 to 0.04500), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Take Profit:
TP1= @0.06100
TP2= @0.06600
TP3= @0.07750
TP4= @0.08600
TP5= @0.09300
TP6= @0.11060
TP7= @0.15140
TP8= @Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 64.
.Current short-term is range bound, but beginning of uptrend is expected.
Excellent Long-Term Hunting Opportunity in ETHBTC, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (0.0775 to 0.0660), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (0.0775)
.Ending of entry zone (0.0660)
Take Profit:
TP1= @0.0860
TP2= @0.1000
TP3= @0.1106
TP4= @0.1253
TP5= @0.1514
TP6= @Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 67.
.Current short-term is uptrend and continuation of uptrend is expected.
Ethereum to reach 6700000 sats as soon as mid December?Ethereum is currently on long-term support line and starting to show signs of life, previously from 6700000 support gone bearish as Bitcoin started another bull race and reached new and new highs. As Bitcoin more and more likely is going to correct at some point, it is an opportunity for Ethereum to test that 6700000 level again. RSI and MACD entertain this idea as well. You can follow me on Steemit steemit.com and here if you like my ideas... Good luck!