Ethereum ETHUSD SHORT 1 HR Short 2 Supports broken Hello to all watching my charts
Yesterday we talked about the steep steep UP channel
here and now since tonight we got not even a pullback
we got a break of 2 supports and a shortchannelsystem
The second brake has come in at 7.00 am in the morning
today and now we are on a short train here
Right now in this minutes even the great long channel (blue) has been broken
So thats shure a short idea now.
Good trades
If you want to support my work and my charts please like them...
Renkotrade
Ethereumidea
ETHUSD LONG 1 HR Chart 26.7.Hellto all watching my charts
Ethereum has startet the next rocket to the upside
and had stopped the short consolidation aerea.
Now we have a bug jump today out of the normal Long chanel
on the upside to a
steeper channel which is very impressive.
So at the moment i cant say anythong than LONG LONG LOONG
I do really hope you are in a long position.
Good trades
If you want to support my work and my carts please be so kind and like them...
Renkotrade
ETHUSD Ethereum LONG 1 HR ChartHello to all watching my charts
Here is Ehereum again in the focus.
Still long
But we have 2 moves here.
First and bigger move is clear to the upside (blue trendchannel long)
but my the shorttime system is now even flat. !!
So we have to get an eye again on the bigger and longer timechannel
to check whats going on.
Dont follow the guys which tells you Short, Short, Short..
cause we should have here the rule:
We should trade what is really happens in the chart
and not what could happen in the future...
So till the blue channel hold i suggets to stay long...
No Sign of short at these time
2 Possibilites are in status:
First : The pair ignores the short time flat signal
and is smoothly running further up in my longsyystem (blue lines)
Maybe...
Second: The pair follows the shorttime signal as shown flat in the shorttime system and the long
is over and a more sideways trend will follow.
As a consolidation.
Only if ETHUSD break both channels to the downside i suppest to talk about short.
Good trades
If you want to support my work and chart please like them...
Renkotrade
ETHUSD Ethereum LONG 1 HR ChartHello to all watching my charts
Nothing really new to tell you here in this pair.
Its still LONG as you check the purple longchannel of my trading system
What is to mention, that in the short timeframe (blue lines) the power has little
bit lost and the angel in not longer such steep as it has been in the days before
(purple lines )
but in my eyes that just normal after such a rally of nearly 15%.
So be little bit patience and i do hope you are in a long position.
If something will change massive i let you know.
-
If you want to support my work and my charts, please be so kind and like them...
Good trades
Renkotrade
ETHUSD SHORT 1 HR ChartHello to all watching my charts
In this pair i want to demonstrate you a little bit
the power of my channels
I have draw my longer time framechannel in blue (as always here)
which is Short sind 17.6.2019
And i have brought you here a shorter timeframe channel
which shows you just eaysily the next direction
which is MORE SHORT...
What i wan to to tell is that the down trend has been stronger now.
And to have an idea which the latest direction of a pair is ,
is an important part of trading to verify a position (f.e.)
So stay short if you are in such a position thats what the chart tell us
Good trades
Renktrade
ETHUSD SHORT 1 HRHello to all watching my charts.
Here is my update from ETH Ethereum / USD
Today it broke the low at 265.70 and made no new highs.
So we have now lower lows and lower highs which is
clear indication of a downtrend.
Long is gone AND we have a complete new situation
with the new short channel.
How far can this trade go ?
Always a difficult question.
As you know i hate support and resistance lines
cause in most cases they dont work,
but to give you some advice :
The next bigger support in my eyes is around 253,39 which has
been old resistance (7.6.) and also support (14.6.)
Good trades
Renkotrade
Dangerous Right shoulder of ETHEUR1. Classical Head and shoulder pattern best visualized in weekly
2.Bearish Rsi divergence continues
3.Possible reversal and a Bearish cypher Formation
4.Reversal of right shoulder can occur on completion of the cypher at weekly resistance level/PRZ , or more likely at reciprocal AB=CD level which is also a weekly resistance on the traditional pivot system
5.Expected downside from the head and shoulder is the weekly Support ..
Note.. this is not a time bound analysis..
Disclaimer.. not for trading/investing advice..
Ethereum (ETHUSD): Patience required (4hr tf analysis)The price of Ethereum from ~$867.20 (March 5, 2018) to ~$461.12 on March 18,2018 has been identified in this analysis as the termination point of a minor wave Y and intermediate wave (Y). These imply that Ethereum will sustain a bullish momentum, even if temporarily.
Patience is required because it is safer to start considering long (buy) positions only after a 3 wave (correction) move against the current upswing to further confirm that the previous downtrend is over.
Assuming that the price of Ethereum doesn't close above its latest high (i.e. ~$590.11), long positions can be entered on a breakout above $590.11 after a 3 wave move from this pivot.
POI = Point of invalidation = price closing below $461.12.
Etherium target reached perfectly, prepare for another reversal!Etherium has dropped perfectly to our major support previously. We now forecast it to make a recovery to 910 resistance where another reaction could occur (Fibonacci retracement, horizontal overlap resistance, descending resistance momentum). Our major support is at 781 (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ethereum has broken major support! Keep an eye out on this tradeEthereum has broken major support-turned-resistance at 995 triggering a bearish exit. Our 1st resistance is at 995 (Fibonacci retracement, horizontal pullback resistance, breakout level) where a strong drop could occur from pushing price all the way down to 769. We have to be careful about 931 support level as price has bounced off that area previously and it currently serves as intermediate support.
RSI (55) is seeing pullback resistance to our ascending support-turned-resistance line.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ethereum approaching major resistance, watch for reversal!Ethereum is approaching major resistance at 1144 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) and a strong reaction could occur at this level to drive price down to 927 support (Fibonacci retracement, horizontal swing low support). Do be aware that we’re seeing intermediate support at 1015.
Stochastic (34,5,3) is seeing major resistance at 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ethereum right on major support, watch for a potential bounce!Ethereum has dipped to our first major support nicely as expected. Support is at 1162 (Fibonacci retracement, horizontal pullback support) where a further rise could occur from to push price up towards 1282 resistance (Fibonacci extension, horizontal pullback resistance, elliott wave structure).
RSI (34) is seeing ascending support hold up price really well in this bullish run.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ethereum in a bullish formation, look out for dips!
Ethereum is rising nicely as expected and we can see an impulse Elliott wave formation with first major support at 1162 (Fibonacci retracement, horizontal pullback support) where a further rise could occur from to push price up towards 1282 resistance (Fibonacci extension, horizontal pullback resistance, elliott wave structure).
RSI (34) is seeing ascending support hold up price really well in this bullish run.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.