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Ethereumlong

Ethereum Potential W-bottom breakout at 2250Ethereum is potentially forming a W-bottom (swing low followed by a higher swing low), and the neckline of the pattern is at 2250. We need to see a strong break above 2250 with above average volume for us to consider taking a long. And because price is already at the neckline, the break needs to happen rather quickly otherwise the W-pattern gets invalidated. Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
6
Insane Bullish Signal For Ethereum! FLIPPENING!*Disclaimer, this is not financial advice, just my opinion as a crypto enthusiast. ANALYSIS On the weekly ETH/BTC chart we have a "cup and handle" formation which is known to be one of the most consistently accurate chart pattern. PATTERN CHARACTERISTICS *The base of the cup is very smooth (rounded) rather than jaggedly or V-shaped which gives this pattern more credence. *Volume is drying up as the handle forming; reaching its presumed lows *The handle is a within range, dropping around 25% so far and staying in the upper range of the cups base. If the handle drops below 30% this makes the pattern less likely. *However this has been a very long cup and we are potentially at the bottom of this possible short bear market we're experiencing; which can cause extra weakness and shakeout, in this scenario the pattern would still be completely sound if there was a further shallow decline. TARGET *Target is calculated by drawing a line from the bottom of the cup to the top and adding that to the breakout from the handle *The breakout has not happened yet so this is still unconfirmed *Breakout should occur on strong volume and surpass the high of the cup's base ---> CALCULATED TARGET IS APPROXIMATELY 0.15 (which would take Ethereum back up to it's All Time High. Let me know what you guys think, is this possible, would this result in a FLIPPENING, would really love to hear your thoughts?
Long
by cmpkpersonal
2
ETH prepares for the ultimate swing past $3,000Ethereum’s trading this week has appreciably yielded for the bulls. Support at $2,400 was defended at all cost during the weekend session; hence buyers channeled all efforts toward resuming the uptrend. The break above $2,500 on Monday bolstered Ether past $2,600. However, the pioneer token seems to be struggling with another hurdle at $2,650. At the time of writing, Ethereum trades at $2,587 while bulls fight the uphill battle to clear the path to $3,000. Is Ethereum’s short-term outlook strong enough for the uptrend? The four-hour Moving Average Convergence Divergence (MACD) has a bullish impulse. This follows recovery from the negative region into the positive area. Note that the MACD follows the asset’s trend and measures its momentum. Traders use the MACD to identify positions to sell the top or buy the bottom. Signals from the indicator compel investors to make certain decisions. For instance, when the MACD line crosses above the signal line, it is a call to buy. On the other hand, crossing below the signal line is a call to sell. At the moment, Ether seems to be in a buy zone, especially with the MACD line expanding the divergence above the signal line. In addition, the indicator has moved above the zero line into the positive region. This massive bullish signal could call more investors into the market as they speculate the ultimate rise past $3,000. The immediate downside is protected by the 100 Simple Moving Average (SMA) on the same four-hour chart. If this support remains robust and unbroken, ETH’s least resistance path would be upward. It is worth keeping in mind that the most crucial hurdle lies at $2,650. If broken, Ether will start the journey to $3,000, but if it stays intact, overhead pressure will mount as Ethereum drops to retest the anchor at $2,400. Ethereum intraday levels Spot rate: $2,587 Trend: Bullish Volatility: Growing Resistance: $2,650 Support: $2,400
COINBASE:ETHUSDLong
by CoinGape
2
Ethereum price takes a pit stop at $2,400Ethereum scaled some key levels from last week’s support of around $2,500. The largest altcoin hit levels above $2,800 following sluggish trading over the weekend. Moreover, bears forced their way, ending the seemingly eternal dilemma in the market. A correction followed Bitcoin’s dive from $36,000 to $32,000. Bearish calls have soared in the market, with analysts believing that cryptocurrencies are in for a massive dip. At the time of writing, Ethereum trades around $2,500 after bouncing off support at $2,400. The immediate upside is limited by the 100 Simple Moving Average (SMA). This means that recovery emanating from the support at $2,400 could face delays at this level. Ethereum sends mixed signals As mentioned, support at $2,400 has stopped losses from stretching further. Nonetheless, the Moving Average Convergence Divergence (MACD) indicator has a bearish signal. The MACD line cross under the mean line (0.00) cannot be overlooked. Besides, the trend momentum indicator has slipped into the negative region; thus, adding credence to the bearish outlook. The Relative Strength Index (RSI) dropped toward the negative region but seemed to have found anchorage at 35. As it points upward, bulls are bound to increase their entries, perhaps supported by investors coming in due to the lower prices. Note that a daily close is required above the 100 SMA to validate the recovery. Realize that another delay should be expected at the 50 SMA, marginally under $2,700. Ethereum will only come out of the woods if the price takes down the hurdle at $3,000. Ethereum intraday levels Spot rate: $2,502 Trend: Bearish biased Volatility: Growing Support: $2,400 and $2,100 Resistance: The 100 SMA, $2,700 and $3,000
COINBASE:ETHUSD
by CoinGape