Ethereumlong
ETHEREUM - $ETH - Wave 3 - To the moon is too close, go beyond!WAVE 3 in progress! The best time to buy is now!
I'm LONG / BULLISH position. I expect that ETHUSD will rise up.
This would mean that ETHEREUM will gain more value against USD.
What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION.
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong.
If you want to win in this market, you need to be COLD and CALCULIST.
To the moon is too close, go beyond!!!
Well, keep you updated as this timely issue evolves.
Good luck!
#CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020 #DEFI #DE-FI
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#altcoins #bitcointrading #BuyTheFear #BuyTheDip
ETH.USDT (Y20.P4.E9.v2).Looking to go longHi All,
Just posting an update of the previous post which explains a whole bunch of things.
Note the key points;
> Resistance inverted barr trendline, still playing obstacle;
> 21 WEEKLY (red) acting as support, as per BTC;
> We have not confirmed the bull run until we break that trend line;
> Weekly indicators are bullish;
> If and when ETH breaks this resistance trend line, it is likely that it will out perform BTC;
> I updated the horizontal resistance around 500 to potentially pull back;
> Yes, we had a nice ETH rally but weekly ETH.BTC chart below tells us we are not there yet.
> Note the BTC dom. chart, BTC is not dropping any time soon at the macro level, while the Weekly indicators still show upward pressure (previous BTCdom post).
I have it either the 200 EMA on the weekly as resistance, 67% or the 0.382 fib level
These are my thoughts.
Cheers,
S.SAri
Close up view, not the Phoeix Green RSI is above grey energy, indicating very bullish.
++++++++++++ ETH.BTC pairing weekly charts ++++++++++++
Note the following:
indicators > Downward pressure however the bottom trend line acted as support.
Its possible it can be restested again. Note how we broke the 21 weekly EMA (red) and found the 50 EMA as support, hence the downward pressure. Until we get back the 21 EMA on the weekly,
then don't go long with ETH against BTC. At moments like this, for nice bounces, if you can catch them, great.
BTC dominance chart
Note the black arrows. When BTC is going bullish\parabolic, it loses its dominance. When its going bearish at the macro, Dominance goes up.
This is not to say it happens all the way through, you can see the impulses where flipping makes sense. Currently most ALTs are looking for a reversal but still not there. As per ETH.
ETHEREUM SPRINGBOARD UP! WEEKLY TIME FRAME!We have a strong potential trend forming for ETH/USD. Each time the WEEKLY Stochastic RSI breaks the 20 level moving up, ETH has rocketed higher. While we don't know where the top is, I would certainly expect to at least test our local top again at $488. IF we can clear and close a WEEKLY candle above $488, next spot of resistance looks to be much higher near $630. Thanks for looking! :)
Ethereum, short the downtrend.Ethereum - Intraday - We look to Sell
Trend line resistance is located at 396.0.
The trend of lower highs is located at 396.0.
Trading within a Bearish Channel formation.
The trend of lower lows is located at 367.0.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 377.3 and 368.2
Resistance: 388.0 / 393.0 / 400.0
Support: 380.0 / 377.0 / 370.0
$ETHUSD - Possible inverted H&SHi guys!
🔔 Ethereum bounced back after testing of the dynamic resistance (upper threshold of the descending channel).
🔔 Bulls are not giving up and ETHUSD remains inside the channel which is a good sign. The wick of the last red candle shows increasing volumes of buy orders at these levels.
🔔 If you look at previous jumps on the chart, they all were preceding a large wick.
✊🏻 Good luck with your trades! ✊🏻
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Most critical level for $ETHThe $305 - $370 level has been critical support and resistance since the largest altseason so far in May 2017, when bitcoin broke its all time high of $1200 and altcoins saw 10x - 500x pumps across the board vs USD
Since that altseason in May 2017, ethereum has consistently come back to this range as support and resistance, recently confirming it as support
We might well see another few weeks of altcoin weakness against bitcoin
But eventaully the time will come where altcoins will outperform bitcoin.
This is a when, not if. Greed is always there in the human condition and it will return, just as it did in 2017.
We haven't experienced true greed for many years and many crypto traders have forgotten that feeling.
All that is left is the footprints in the sand, the proof on the charts, the evidence that altcoins did indeed do 10x - 500x vs USD from March - May 2017.
It happened before, therefore it can happen again.
For the long-term holders of altcoins, the time will eventually come.
Ethereum is Headed Towards $450!Ethereum is more than one week behind Bitcoin, as on the chart you can see that Ethereum is in a Ascending triangle formation, the same formation in which Bitcoin was last week.
A good for the price to be in this ascending triangle is the fact that Ethereum is launching new version of it, called Ethereum 2.0 that will for example support token lockup.
And this launch is expected to push the price higher, but there is still uncertainty so that’s why we can see such a pattern.
But it looks like Ethereum is also in bull flag, but with more room to grow than Bitcoin, as the break of $395 mark, which is pivotal, can lead to a break up to $440 per one Ethereum.
If this bull flag won't work out, I expect a move all the way down to $335 as a healthy retest of the uptrend line of this ascending triangle formation.
Indicators.
I. RSI is in uptrend, printing higher lows and highs. What we want to see is a break of a 60 RSI level in order to see some strong buying volume, just as before.
II. MACD has seen a first strong buying wave and in an optimistic scenario, Ican expect two more buying waves (around 20 days) to be seen, if the level of $395 gets broken.
III. 200 and 50 EMA’s are showing a clear strong uptrend with a lot of room for correction without impacting the trend. Ethereum can drop all the way to $300 and remain bullish. But not in a day, that wouldn’t be the best sign.
So overall I am pretty bullish on Ethereum.
Cheers,
Tibor
We look to buy Ethereum at $360Ethereum - Intraday - We look to Buy at 365.2
The hourly chart technical suggests further downside before the uptrend returns.
Bespoke resistance is located at 380.0.
We look to buy dips.
Current prices have reacted from a high of 380.0, however, we expect further gains to follow.
Price action continued to range between key support & resistance (362.0 - 380.0) although we expect a break of this range soon.
The bias is to break to the upside.
Our profit targets will be 379.6 and 384.3
Resistance: 385.0 / 387.2 / 395.0
Support: 376.0 / 370.0 / 365.0
Eth is going Up Up Up ... Note: DYOR before investing.
Ethereum is just preparing a launchpad here for a hell of a bull run .. We've been in ascending triangle for a very long time now and also the Fibonacci level is around 470, so that's bare minimum ETH is going to touch.
If it breaks above it, next resistance could be around 670.
ETHUSD - 4 Hour My Thoughts - Neutral/BullishHello friends Good Noon,
My thoughts for Ethereum today.
NEUTRAL: It looks like we are sitting in the neutral zone, between 350 and 363. Meaning it can go either way. We are sitting in the No Trade Zone, until we are either above or below the yellow area.
BULLISH: The reason why lean Bullish, over bearish, is because we are riding above the 20 MA and the Ichimoku Baseline.
BEARISH: Sitting below the trend line located at the bottom of the ascending Channel.
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Ethereum is breaking out the midterm resistanceHey friends hope you are well and welcome the new update on Ethereum (ETH) coin.
The priceline is being consolidated at $350 support level. The next supports are at $325, $280 and the next resistance levels are at $400 and then $800. On long term there is no significant resistance between $400 and $800. Therefore incase of breaking out $400 resistance the priceline can move at $800 very soon.
On daily chart priceline has broken down 25 and 50 simple moving averages and now retesting the 100 SMA support 1st time after May 2020, and likely to have nice bounce from here.
On daily chart from 13 Aug the price action of Ethereum is moving in a down channel. At the moment the candlesticks are trying to breakout the resistance of the channel in the meanwhile the priceline of second largest cryptocurrency is also breaking out the exponential moving averages with the time period of 10 and 21.
After September 2020 the price action has found a very strong resistance on small time period 4 hour chart. The Ethereum’s price action has been rejected several times by this rejection line. Now finally the priceline is breaking out this strong resistance line. After this break out the price action can easily breakout the resistance of the down channel on daily chart.
The priceline of ETH is still moving above the ichimoku cloud and the ichimoku cloud is still bullish.
Conclusion:
On 4-hour chart the priceline is breaking out the midterm resistance line. If this resistance will be broken out then we can expect the breakout from the down channel on the daily chart as well. However as stop loss we can use the support of the channel to minimize the risk factor.
Ethereum Edging LowerEthereum (ETH) experienced strong growth this summer, mostly due to its network hosting dozens of DeFi tokens which grew tremendously. ETH then experienced a particularly sharp 30% correction, along with the entire market, about one month ago. The coin is now hovering around the $315-$340 support.
Lower Volatility
Following the crash, Ethereum experienced a period of reduced volatility, which we can observe through the Average True Range. The Average True Range (ATR) is a volatility indicator that determines the typical value range of an asset for a particular candle. For example, if we are using the 4-hour chart on Ethereum, and we have an ATR with a value of 4, then the expected range for that particular candle is $4.
The Cryptohopper ATR is a variant of the ATR indicator that adds a 28 period moving average. If the ATR is above the moving average, then the market is considered to be volatile. If the ATR is below the moving average, then the market is not volatile. Ever since the market crash, the Cryptohopper ATR has mostly indicated low volatility. Therefore when trading in the current market, it is better to keep your profit target tight and make small but consistent gains.
What Happens Next?
Ethereum is currently at support and may bounce back. However, for a bounce to occur, there needs to be substantial volatility along with the upward momentum. Therefore it is essential to keep an eye on the ATR when taking a position.
The first resistance level stands around $390. The next resistance stands at $485, which is this year’s high.
If the market takes a turn for the worse and breaks the current support, we could see Ethereum head to $250. This was the resistance level broken by the DeFi bull run earlier this year.