Ethereumdollar
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (146.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Take Profits:
TP1= @ 163.30
TP2= @ 191.75
TP3= @ 223.20
SL= Break below S2
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (146.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Take Profits:
TP1= @ 163.30
TP2= @ 191.75
TP3= @ 223.20
SL= Break below S2
ETHUSD Bearish SignsVolume oscillator can be seen to be declining, along with a lack of upward pressure within the volume RSI. Barely holding onto the purple fib line, consequences would be devastating if this is broken as a likely target is the pink fib line, which results in a lower low.
ETHUSD Smol Descending ScallopETHUSD has formed a small descending scallop, higher lows are also present. Key level is grey Fibonacci line. Stock RSI can be seen to be oversold. 4hr chart can often be less reliable than greater timeframe charts.
BTC Vs ETHAs you can see both Ethereum and Bitcoin have formed bullflags, this may lead to further upsides. However, bitcoin is stuck in a downtrend while ethereal is producing consistent higher lows. This may be due to the release of the recent ‘hard fork’ causing this price movement.
ETHUSD At Important LevelFirst of all I know this is a repost but don’t scrutinise me because I feel like its important to be shared. ETHUSD is at a key level in its parabolic journey, with three major dips observed will a new bull run be sparked? A head and shoulders pattern is also present.
ETHUSD Breakout patternSmall fibonacci retracement within the downtrend, price has setup for a nice bullish reversal, with an inverse head and shoulders signalling this. Low, and higher lows clear, stop loss also listed for those entering this trade. Green fractal indicating possible movement pattern.
My view on ETHUSDEthereun hit the long term downward trend and hit a small correction. My target zone for going long would be around 132.50. Let's see how that plays out in next couple of days.
I will be posting updates here as the trade/day progresses.
How are you trading #ETH today. Please leave a comment about your ideas.
Disclaimer: I am TA newbie. Therefore goes without saying. This is my personal opinion and not a financial advice. #DYOR.
Happy Trading!
Eth MomentumIncreasing upward pressure within the downward channel, (1,2,3,4). Log trend shows a rapid decline, which may result in a short term rebound. Constant rejections at the downward trend line. My advice is to make a fundamental analysis regarding ETH and enter your position based on your perceived intrinsic value. My current evaluation for Ethereum is $300 Long term.. for anyone curious. 4Hr chart.
ETHEREUM: HAS A 520% PROFIT POTENTIAL.We Have Bottom At 83 Dollars Looks Like Market will hit the Same Bottom for Double Creation.
Our target is two.
First target At $309
Second target at $537.
Note: This is only for Educational purposes; this is not investment advice.
Ethereum Struggle With Key ResistanceEthereum is struggling to settle above $148.00, however, with little success so far.
The initial support awaits us at $147.70. It is reinforced by 1-hour 50 SMA and the lower line of 1-hour Bollinger Bands. A clear break here could extend the bearish pressure to the lower line of 4-hour Bollinger Bands at $144.90. Once it is out of the way, the sell-off may continue towards $142 (27th November low) and psychological $140.00.
Once ETH/USD manages to pass an immediate barrier at $148.00 (23,6% Fibo correction on the last fall since 6th Nov.), the upside may be extended towards psychological $150.00 reinforced by a combination of 50 SMA and the upper line of the Bollinger Bands on the 4-hour chart. We will need to see a sustainable move above this area to improve the short-term technical picture.
The Relative Strength Index (RSI) indicator is trending around 37 on the daily chart, next to the oversold zone.
ETHUSD formed bullish Shark | A good long opportunityPriceline of Ethereum / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 144.93 to 143.26
Sell between: 146.84 to 150.60
Regards,
Atif Akbar (moon333)
My first ever fractalConstructive criticism encouraged! I'm new to fractals and they seem to be a great and very exciting tool for trading, long term Ethereum chart.
HistoryWill ETH repeat history and start a massive new bull run? Imo ETH has just been in a dip for a year, and we will see BIG movement in the years to come, with a moonshot comparable to Bitcoins 2017 run. Exciting times.
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.35). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD 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 38.
Take Profits:
TP1= @ 168.00
TP2= @ 191.75
TP3= @ 224.15
SL= Break below S2
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.35). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD 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 38.
Take Profits:
TP1= @ 168.00
TP2= @ 191.75
TP3= @ 224.15
SL= Break below S2
Ethereum holding 150?Bottom of regression channel on 4hr looking for a move upward, DMI shows extended bearish action, hopefully holding the parabolic curve seen in the weekly chart.
ETHUSD formed bullish Crab | Upto 46% expectedPriceline of Ethereum / US Dollar cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 140.83 to 124.86
Sell between: 153.21 to 183.53
Regards,
Atif Akbar (moon333)
Ethereum (ETHUSD) Market Outlook | Daily Crypto Market BreakdownETH is definitely at a make it or break it point. It will be very interesting to see how the crypto market reacts this next week. Let's see how low ETH and the other ALT coins can go.
