Ethereum - mid term overviewHi guys! Ethereum as other major cryptocurrencies is in decision phase where to go next days. In my opionion it's only about how the price finish consolidation phase before final capitulation. I expect short term more sideways (120-140 range) or final strong push to the upside to retest 200 heavy resistance (bull trap). Mid term still looking weak with potential 50 USD/ETH bottom.
Take care!
-DP-
Ethereumdollar
ETH, triangle or ABC?Hi guys, although this is getting boring, at the same time the price has printed the way that we are going to follow soon, so you can be quiet just by placing yourself correctly in the market. Many think that we are leaving the bear territory and mooning just because alts did a very good performance in the last couple of months, but how many time have we seen it? Don´t play fundamentals, it doesn´t work well on cryptos, at least not until we have a massive adoption of Bitcoin.
In order to have an impulsive wave from 15 December, we shouldn´t have such corrections almost hitting 78.6 fibo retrace. When that happens, there is only 2 things that can play out, a big ABC correction or a triangle correction. We don´t know yet wether is one thing or the other until a whale come and move the market again. That will happen most probably on Monday/Tuesday, since I expect a boring weekend, so once the whale move the price just a bit we will know what´s next.
Then, what you should do now? If you see my charts, either we finish a big C and we go to around $170-180 territory or we go down from now, so the most practical thing to do is entering short 50% here and place a few orders completing another 50% from 170 to 180. When I mean 50% is not 50% of your capital, is 50% of what you trade for 1 position, let´s say if you trade 5% your capital in 1 position, place 2.5% here and 2.5% divided between 170 and 180.
I will update frequently this idea since after this correction up we may start to see a huge market decline bringing us to new yearly lows.
ETH ready for next plunge!!
ETH fell into the demand zone around right above $100 and tried to regain support now turned resistance but failed
We are sitting right under resistance as well as the bottom of the trendline support
Any breakdown from here will result in a stop raid and could bring us back down to the next demand zone around $95 or even as low as $88
The only way we can turn bullish is if we can regain the Monthly open and the supply block above returning into the range
Bears are in control now and any BTC weakness will most definitely drop ETH price to lower levels
Thanks guys!
ETHUSD - BREAKOUTBuy Price: Green Zone
SL: Below Red Line
Profit: Blue Zones
Invest Suggestion: 20 Percent
Profit Expectations: 10 - 45 Percent
Looking at the chart of ETH , we could see all technicall indicators pointing to buy it , like MACD lines crossed , EWO green and the HMA 13 crossed all others HMA's and we have volume! Also, we have a triangle in the weekly chart, showing to us a triangle reversal pattern, another call to us.
ETH has a lot of new fundamentals news, like the hard fork on 14th January and the news about the plans to cut its absurd energy consumption by 99%!
So, feel free to but it in the region of 140$-153$! Remember that's a short-mid therm call!!
See me previous analysis and how profitable the are!
Sell when you get some profit, according the way you trade.
Keep following us and please like this idea.
Any doubts? Send in the comments or in our telegram or Inbox here.
Thanks for visiting.
Ethereym Ascending triangle pattern (ETHUSD)Hello Traders,
An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the right triangle created by two trendlines,
In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher,
while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price breaks out from the horizontal trendline.
In Ethereum chart you can see we're still uptrend and so many fundamentals news coming this month goo.gl
190 to 200$ strong resistance and 140-145$ strong support.
Wish you all the best.
ETH - how to put a BITMEX trade without getting REKT ?It is a to- the- point analysis without any frills and lets you know exactly how to put the trade .
A lot of trade pandits will beat around the bush without telling you exactly how to exceute an order on BITMEX . This will show you how to put an order without getting REKT .
First the TECHINCAL ANALYSIS
Eth analysis needs breakdown on all time frames 1 hr (green Trend line), 4hr ( blue trend line) & even Daily ( yelllow trend line ) as ETh is at its peak . Change time frames to check
Line analysis - Tom Demark ( modern TA - coloured trend lines as above )+ resistance support (Classic TA - pink lines ) agree at the following to buy at these levels
Harami cross - indicating sideways movement for some time so buy on break out.
MACD & CMF are not showing a BUY , CFI trending dowing so I will wait for a break out .
But you dont need to wait you can put an order with the following instructions RIGHT NOW.
HOW TO EXECUTE THE ORDER ?
Every BITMEX order will comprise of the following three orders , Trigger , stop loss & take profit
BUY @ greater than 167 ( Put STOP MARKET ORDER @ 167 , uncheck REDUCE ONLY )
TARGET @ 210(Put TAKE PROFIT ORDER @ 167 , check REDUCE ONLY )
STOP LOSS @154 (Put STOP MARKET ORDER @ 154 , check REDUCE ONLY )
Size- 30 % of your portfolio on BITMEX ( 2 % risk ) . This one is volatile so dont go beyond this position size .
Dont short for short term swings as it is trending up on the daily .
Visit us at www.cryptoanteg.com and have a look at our store . Join us on Telegram at t.me/catforcrypto . You can buy stuff with bitcoin over there . Also look at trading bot section .
Ethereum would probably start an uptrendETHEREUM/DOLLAR
Midterm forecast:
While the price is above the support 80.35, beginning of uptrend is expected.
We make sure when the resistance at 200.00 breaks.
If the support at 80.350 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 99.03 on 2018-11-25 and the trough at 80.355 on 2018-12-07, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI resistance #1 at 62 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 60.
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 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 :
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Eth a joy ? .. i am more curious :)Targets mentioned with T.1 and T.2
Major resistance is also identified
All things are visible in chart
Dont use complicated indicators to confuse yourself, Patience is the only keY!
Remember if recent bottoms fail to pull up the current price level
or falls unexpectedly below 4H bottoms then dont lose more emotionally that many people do !
Enjoy Trading
Have a good time!
ETH FLASH CRASH?!?!
Markets continue to bleed day after day and we witnessed something insane yesterday
ETH/USDC had a flash crash
As always with these crashes, algos most likely were the culprit as ETH prices saw a collapse to $13 before snapping back all the to $101.0
Whether bids got filled or not is up in the air and could very well have just been an exchange glitch.....if someone did get lucky enough to fill they walked away with a near 700% gain
If you do have some spare change, its never a bad idea to place SUPER low bids on various majors through various exchanges to catch a lottery ticket
Thanks guys!
Ethereum drops from the sky!
After hanging out near resistance for a few days, ETH was unable to muster any kind of strength
We did get a break down from the channel we formed near this supply zone and have been dropping ever since
We bounced perfectly at the bottom of the support OB at $103.50 on above-average volume
This is the line in the sand for bulls. If this zone isn't defended, we could see new lows as many expect to pick ether up in the low 90s
EMAs continue to trend lower and remain key resistance points
Thanks guys!
ETH needs to hold $100
ETH dipped below $100 for the first time since mid-2017 but saw a very strong reaction from buyers
We briefly saw wicks all the way back up to $120 but sellers have taken control once again
We are currently heading back down into the demand zone near $105 and bulls need to defend this zone to have any chance for a retest of local highs
The outlined path ETH could take is shown in the chart and the support OB holding will be critical
If we do get a reaction off it, we could see price return above and then find support near $110 before trying higher and tapping into the resistance zone
On the bearish side, a break below this block will see a test of lows and possibly see $80 price tag.
Thanks guys!
ETH needs to get back above $50!
ETH has bounced off of lows printed yesterday
EMAs have remained flat so far but a failure to break above this supply zone could cause us to revisit the lows
Two scenarios could play out here and the bears are in control of the markets and leaning towards another test and possibly break of yearly lows is very likely
Until we break above this resistance zone, new lows are still in the cards
Thanks guys!
ETH getting very close to BUY ZONE!
Ethereum finally broke the support zone it was holding despite the crash in BTC
Once price breached the lows, we saw a cascade of sell orders/stop-loss get triggered causing a quick drop to the $130s
EMAs continue to fall sharply with price
We are near the support OB below at around $95 but we bounced at the low of the previous drop back in August 2017
Whether we bounce strongly from here or make one last swoosh lower has yet to be seen but a nice squeeze could be on the cards
Thanks guys!
Ethereum down to $150!!!!
Ethereum was holding up so well last week when BTC made a break of new lows but too much sell pressure in the market caused it to cave
ETH broke to new lows this morning and seems to have some type of support at the midline of this support OB
Over the weekend, news surfaced that the SEC will be forcing all fraudulent ICO to refund all investor in FIAT! This means they would need to sell their ETH reserves to raise the cash to do so
This would obviously put a lot of sell pressure of ether and potentially see prices crash to sub-$100
We could very well bounce here before a continued move lower
Thanks guys!
ETH revisits $170's!
Ethereum dropped hard breaking through 2 levels of support OBs and rested in the demand zone around $173
EMAs have turned lower and gaining speed
This is a very strong support for ETH and holding here is critical
Despite BTC dropping hard and making new lows, some majors like ETH held up pretty well holding higher than the lows printed a few months ago
If BTC can return to $6000, we could see ETH get a short-term bounce back to $200
Thanks guys!
Ethereum on its road to $180?!
Ethereum rejected the EMA and has been downhill since then
We have broken below the support OB and are now most likely heading to hit liquidity down in the $180 range
EMAs are starting to turn over so more pain could be in store
There is a lot of liquidity to be tapped in the $165-$180 area
Anywhere in this demand zone would be a decent zone to long but we need to see whether Bitcoin wants to test yearly lows
If BTC does test lows, we could very well see ETH test $165 or even make new lows so CAUTION is warranted here
Thanks guys!
ETH holding up well so far...$250 on the cards?
Ethereum has held up well so far holding that $205 level all weekend
This support OB remains a very strong level
ETH has been riding the EMA for a few days now acting as support but a break and close below would be very bearish
If this does happen, we will most likely see a test of the demand zone below possibly hitting sub-200 again
This level would need to hold or we could very well see another run at yearly lows
For bulls, a break above the supply zone would signal a very bullish push back up to $250
Thanks guys!
ETH taps into supply zone near $224
Ethereum continued its uptrend after bouncing off support near $208
Got a push above the EMA and spiked into the resistance zone where it was met with strong pushback
We could very well see a pullback down to the resistance now turned support highlighted by the green box
Bulls must hold this zone for continued upward momentum or we could be in trouble as sub-$200 could yet again be on the cards
Possible long entry if level holds would be around $210-$205 zone with stops right below the demand block
$225 next for ETH?
We finally did pullback as expected to the demand zone below but was a few days later than predicted
After tapping into support twice, we broke above 2 resistance levels before spiking as high as $218
That supply zone was met with heavy selling and price retreated back down into support
Bears have so far been unable to break this support zone and we seem to be creating some type of flag pattern
We could very well see a retest of the breakout zone before moving higher as it has remained untouched so far
EMAs continue to trend higher and will most likely provide support if we do pull back
Some might notice that we have a lower high on that spike compared to the previous one
Thanks guys!
ETH looking poised for a retest of $225!
Bounced nicely off support OB
Currently printing a CRUP but needs to close this way
Both EMAs continue to trend down but the fast-moving seems to be leveling off
Price has crept above EMA and could be heading up to test the other with the resistance zone right above
A retest of the supply zone is possible right now if BTC could break out here
Thanks guys!
ETH bear flag playing out?Ethereum has trended sideways with Bitcoin most of the month after that volatile Monday morning but it seems like might be playing out this bear flag we have been eyeing the past 2 weeks.
The initial breakdown was a -16.31% and if we project this move to complete the bear flag, we can see prices approach $166, which is almost perfectly aligned with a stop run right under the demand OB. We might not completely dip through this support zone but any entries scaled in this region could be a good spot for a long.
EMAs continue to trend lower and we could still see a pop higher before finally dropping into the demand area.
Thanks guys!
ETH dips back down to $190Ethereum followed Bitcoin down, breaking its support zone and slicing right through the first block and dipping slight into the next demand zone near $190. We have bounce nicely so far but would like to see a daily close above these 2 blocks. Our prediction for retracement was spot on but it did take a few more days to complete.
The EMAs have turned over and are catching up to price but we do expect this lower support zone to hold for now. If we do break below and close on the daily, we could very well be making new lows.
Thanks guys