Once upon a time in the Ethereum era!In 2015, after 10 years of activity in the Forex financial markets, I became acquainted with the crypto market. At that time, Ethereum was around $ 40 and Bitcoin was near $ 500. Since 2013, I have concluded that Elliott waves make the best predictions and have the least risk.
At a conference in the Forbidden City of Financial Markets and between a crowd of over 100 people, I did my best to introduce them the hidden power of cryptocurrencies, if anyone thinks about the future, and if anyone is looking for the beauties of life under the momentums of this market and its direction. Many shames, as the Gold and Silver of cryptos (Btc & Eth) hit all the targets and I received only sarcasm from that group of 100 people.
The chart is evident enough.
Hoping everyone a sweet dream and endless happiness on this blue planet
Weekly Chart
Ethereumidea
Ethereum in Consolidation, Downward Pressure Still evident!The Bulls and the Bears have been fighting it out for a few days now in a large consolidation pattern! Downward pressure is still evident.
I believe there are two likely scenarios to play out:
Scenario 1: Push to the upper resistance line with multiple attempts to break resistance. Then large move to the downside.
Scenario 2: Capitulation of the Bulls leading to large downward movement to bottom resistance
After this I think we will see if our longer term bull run will continue
Disclaimer: I am not a financial advisor and this not financial advice. Please do your own due diligence when making trades
ETH/USD LONG SET UP TO RETEST $176.00Title :ETH/USD BUY LIMIT ORDER
Asset : Crypto Symbol : ETH/USD
Type : Limit Order Time Frame : 4hr
Entry Price 1 : $148.86 Entry Price 2 : $144.48
Stop Loss : $139.48
Take Profit 1: $153.86 TP 2: $158.46
TP3: $163.86 TP.4 $176.48
Price activity is nearest the 50-bar MA (4-hourly) at 159.57 and the 100-bar MA (Hourly) at 163.28.
Technical Support is expected around 153.22/ 149.31/ 146.77 with Stops expected below.
Technical Resistance is expected around 164.56/ 167.45/ 176.82 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
ETHUSD Ascending Parallel Channel Excellent Trading OpportunitySimilar to BTCUSD ETHUSD is also currently moving in a parallel ascending channel. Trade safe with stop loss outside the channel area near the top or bottom channel trendline depending on if you are short or long in your trade to protect youself against the possibility of the price suddenly breaking out against you and leave you with a hard to deal with underwater position.. In an upwards trending channel always better to just stick to long trades.
ETHUSD Possible Cup and Handle Bullish Pattern on Weekly Chart?Was looking at the weekly chart for ETHUSD and noticed that is the price keeps moving upwards to the 360 region, a cup pattern may form.
Its a very long-term pattern and many things have to happen for it to play out:
a) Price must already have seen the bottom at $116+
b) Price must keep trending upwards and get a minor rejection at $360+ level.
c) The correction must only be max up to around $280 (1/3 of the cup from the top).
d) The price must trend upwards and breakout at $363 with at least 2 daily candles above this price point. Possible stop loss below this area especially if you are already in profit.
e) The price will continue to uptrend and reach target of $610 around mid 2021.
Furthermore, ETHUSD EMA50 and MA100 on daily chart is now at a critical point. A bullish cross here would mean a long-term uptrend. Check out ETHUSD chart and you will find that historically these moving average crossing signals major long-term uptrends and downtrends.
ETHUSD double bottom formation - Above 158 Breakout PossibilityJust wanted to share an observation of a possible double bottom formation on ETHUSD... If support holds here possible breakout long possibility from above 158$... this dip did clear stop losses that were parked below 131.85 from the last bottom on 25th Nov on bitmex... also take note of the rsi on daily where a possible bullish divergence is forming...
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)
ETHUSD Long Spike LONGETHUSD has made a long Spike and than a perfect Pullback to the
Support Line.
From these Level 177 now we got a jump up again
and the scenario is Long with some trendlinies up as support.
I have shown that all in the picture.
Good trades
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---------------------
All ideas are personall and not an advice to buy or sell something
alllwas do your own research
Renkotrade
ETHUSD Ethereum NEUTRAL RANGE Trading 1 HR Chart#Ethereum #Bitoin #Litecoin
Hello to all watching my charts.
Since a week Ethereum is trading in a range beween
200/204 and
235
We have to wait what happens next.
Whether the pair falls below support range 200/204 and ist short again
or if it will find bottom now in that range here and comes back to climb above 235 and
startet a new try to higher prices and goes long.
At the moment nothing to do
If you think that this range will last longer (which i doubt at a crypto pair) it would be possible to do a range trading :
buy at 204 , sell at 224 / 234.
But as Ethereum does similar to other cryptos in some cases big jumps
that would be not my first oppinion.
Good tardes
If you want to support my work and my trades please like the,..
Renkotrade
Ethereum SHORT but Change of Trendbrake is still valid 1 HR#ETHUSD #Litecoin #Bitcoin
Hello to all watching my charts
Ethereum is moving up as other cryptos also
and is improving the chart.
If it would be a future and not a crypto
i would suppest to go long here but in that bumpy ride
of cryptos it seems better for me to wait until it breaks the aerea
where my blue arrow start, where the bif resostance is ,
not to come in a fake long outbrake.
Same is in Bitcoin....
Important is that the support level at lower black line hold
if these level crunchs all long ideas are gone for now.
Good trades
If you want to support my work and my charts, please like them..
Renkotrade
Ethereum Short 1 HR Chart#Ethereum #Bitcoin #Litecoin #Crypto
Hello to all watching my charts.
Similar to other crypto ETHUSD Ethereum tries to find a bottoom now ,
but here the chart has been really damaged for long.
2 Big suppport aereas have been hit from ETHUSD at the range 275 - 277
and next stop down is 262.
What i also want to mention negativ is
that at the moment i write this here , Ethereum has been stopped the little up trend
exactly at the next resistance level from 17.6. ( BLUE RESISTANCE LINE)
For Long trendchange i think we do need a jump in the aerea of my
BLUE ARROW and make a new higher hgh (higher than high from yesterday in the minimum ).
Good trades
If you want to support my work and my charts, please like them
Renkotrade
Ethereum SHORT 1 HR Chart Hammered Down#Ethereum + Bitcoin # Litecoin # Crypto # trading
Hello to all watching my charts
Whow., like described in my last chart
Ethereum is hammerd down, cause the chart is much much weaker than Bitcoin
Has brokwn 3 supports which are now will be resistances ( 275 f.e.)
No long chance is to see at the moment
Next stopp down is to manage at 260/261 aerea.
Good trades
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Renkotarde
Ethereum SHORT 1 HR Chart#Ethereum # Bitcoin # Litecoin #crypto
Hello to all watching my charts
Today we have ssen a big trendchange in Ethereum
as in other crypto currenzys also.
But Ethereum has shown us a chart the last time and weeks
which shwos much more wekness than Bitocin so the fall here in Ethereum
is here more dramatic.
Also my longtime charting system BLUE LINES is SHORT
the shorttime traing system with Purple lines also , of course.
And Ethereum has broken the support range of 302-304 (my 2 black lines)
So now next hold will be at 274 (lower black line)
Its coming back little bit at that moment 5.00 p.m. NYT as i write these
info, bit i doubt we will see a change to long the next time
The whole chart is too weak in my eyes for that.
Good trades
If you wanto to support my work and my charts, please like them..
Renkotrade
Ethereum SHORT 1 HR ChartHello to all watching my charts
Ethereum made similar to other cryptos now a big jump down
and is in recovering mode.
Recovering from my longgtime channel is fine
but to go back in a long , we have to wait in higher highs an higher lows.
The next high which is to beat is at 297
(my black line)
If the aerea of 298-299 will not reached , than its only
a recovery in the short trend (Blue lines)
What is for longs not so fine is, that my shorttime channel
system (purple lines) are so much weaker and tell us so clear
a short mode.
For long change:
First is to trade at 300 (my lower blue arrow)
Than to jump above the resistance of 302 (higher black line)
Than trade in the aerea of 305-306 , this would restart
my long scenario.
All other trades are short in my eyes at the moment.
Good trades
If you want to support my work and my charts, please like them..
Renkotrade
Ethereum ETHUSD LONG 1 HR CHart but watch 289.00#BTCUSD #Bitcoin #ETHUSD #Ethereum
Hello to all watching my charts
Lets have a look now to Ethereum ETHUSD today.
Its still a long situation with higher highs and higher lows
but the long trend is not really running.
Its very slowly and my shorttime channel is nearly flat now
(please check the purple lines ).
The longtime channel is in long mode , so we do have a chance
to go long further, but watch out the level of
289.00 (BLACK LINE)
If these support breaks, i would stopp all longs at once
and maybe jump direct to the short side.
Lets talk tomorrow how it is developing.
If you want to support my work and my charts please like them...
Good trades
Renkotrade
Ethereum ETHUSD LONG 1 HR Chart#ETHUSD #Ethereum #Renkotrade
Hello to all watching my charts.
Now we have a closer look to Ethereum today
As Bitcoin startet today an impressive up move, these pair Ethereum , ETHUSD
is much much weaker.
Yes, we do have a long situation, both of my channel systems (longtime and shorttime)
are long now, but the power to the upside i personally missed.
We have taken out the resistance at 293 (Black line)
but the total move seems to be not really impressive.
Maybe is only a bearflag, so an up jump in the downscenario.
I would suggeste here to go long, yes , but with small amounts
or to wait until the higher black line (next resistance 298 )
has taken out. But it hasnt at the time i write that
Good trades
If you want to support my work and my charts, pelase like them...
Renkotrade
Ethereum ETHUSD SHORT Weaker than Bitcoin #Renotrade
Hello to all watching my charts.
A few hours ago we had an eye on BItcoin with in my eyes a possible
trendchange to long is in the air.
But here in ETHUSD Ethereum we are weaker and still SHORT
As my shorttime channel is growing up a little bit
we have still now not seen a higher high.
(Jump above the black line is needed)
I have signed the aerea i estimate a long setuo
with my BLUE ARROW for the next days.
But at the moment its still short.
So wait untill we get a jump above the black line
to start a long position or even not if , that will not happen.
-
In these minutes i write that (8.20 p.m.) it is a little bit an
improvement to see but not yet the jump
-
Good trades
If you want to support my chart and my work, please like them..
Renkotrade
Ethereum still SHORT but Trendchange LONG if 320 will reachedHello to all watching my charts
Th Ethereum / USD ETHUSD there is a Long channel building up
since yesterday which has now a chance to send us a new direction next.
But i think its important that these pair jumps above the
2 resistances and reachs 320 next.
In that case we would have a break out of our shortchannel
(this case is marked ARROW in Purple)
Otherwise also stay in short is possible
(Arrow marked in Blue)
or something between us which is not a clear direction
Let see what will happens tomorrow
I will update you
-If you want to support my work and my charts., please like them
Good trades
Renkotrade