Ethereum NUETRAL Still in Trading Range 1 HR Chart#Ethereum #Bitcoin #Litecoin
Hello to all watching my charts
Ethereum is similar to Bitcoin caught in a Trading range
and neutral at the moment.
here the trading range is between 200/204 and 2223/225
We have to wait in which direction the outbreak will come.
Below 200 it seems to be short, above 225 it seems to be long for me
Good trades
If you want to support my work and my charts please like them..
Renkotrade
Ethereumprediction
Ethereum ETHUSD Short but Chance of a Trendbrake 1 HR Chart#Ethereum #Bitcoin #Litecoin
Hello to all watching my charts.
Similar to Litecoin ( my Chart from today morning) now
in these minutes 10:15 NYT
Ethereum is growing also stronger and i do see a chance
of a trendbrake to long if it jumps above the last high which has been
also a broken support on 15.7.2019
(I have marked that with a black line)
Let us check the next hours and days
whether these crpyto Ethereum takes the chance
and jumps to my BLUE ARROW for a long setup,
--
Here a additional info for all who ask me to draw other lines..
My channels shown here in the chart are NOT manual line draws from
high to high and low to low.
They are the resulat of a complex mathematical system, which is my personal
trading system, and they have different timeframes have also adjustable
different deviation in % from the actual price as forecast
ALSO they change the forecast ever TICK in Realtime and calculate the channels new.
--
Godd trades
If you want to support my work and my charts, please like them
Renkotarde
Ethereum(ETH/USD)-SetupEthereum pair follows the bitcoin suit and surged in price recently.
Lets look at the 4Hour-Time Frame for the significant price levels.
Bullish Case:
As we can see on the chart, pair(ETH/USD) has broken one month long downtrend-line(red line) on 7th February'19 and surged 40+% in price since then.
It is testing a preliminary resistance level around $150+ and might have a healthy pull back to 1st line of support(Green bar) around $139.If the price level doesn't hold then second line of defence for bulls will be around $127-$129.Also, the pair has surpassed 200H-SMA(Simple Moving Average) and penetrated through ichimoku cloud which might act as preliminary support if any pullbacks occur.Breaking major resistance around $173+ price level will be strongly bullish for the pair and will test $200+ level.
Simply put, laddering buy orders around $139-$126 price level with tight stop-loss, can be profitable for traders as well as investors for coming weeks.
Bearish Case:
If the last line of support around $120+ doesn't hold then it would be strongly bearish for the pair.
Also, STOCH-RSI and MACD is moving into the bearish zone which signifies a coming small drop.
Simply put, if someone bought at around $139-$126 price level then it should sell asap if the $120 price level breaks down.