Ethereumshort
Ethereum (ETHUSD) Looks like a correction down is coming.My first neutral idea.
ETHBTC looks like it may need a significant correction soon, so this lowers the gain ETHUSD will likely have if BTC pumps. So you should be better off with a BTC long if you are bullish instead. There is also a bearish rising wedge pattern on the chart. The ETHBTC rising wedge has already broken down.
ETH does have a 0.99 correlation with BTC, so it will still hit higher highs if BTC does, but ETHBTC might not.
Here is the ETHBTC chart & my prediction. It is just a wild guess.
Thanks for viewing!
ETH/USD to hit $113 soon?ETH has been dropping in value significantly in the past few months.
ETH overall trend is bearish with condensing volatility in its pattern. This is a strong sign for a major move...either bullish or bearish.
Based on my analysis, I predict a hard drop from the red line, validating the pattern. Your stop loss should be at the green line (or slightly above it).
Based on my approach, if ETH validates the pattern, I would take approx. 60% profit at "INT 2" and the rest at the main target.
The secret is to be patient. With low volatility is anticipation for a big move. Have your orders ready!
I could be wrong and if you think so, please leave a comment below explaining why you think on the contrary to me!
Thanks and I hope this helped!
Ethereum (ETH) Looks bullish. Possible 228 target.My last two trades closed for 13% profit and -3% loss. You may view them in the related ideas section.
Ethereum has pumped up along with Bitcoin after touching support twice.
Right now we are testing 225 resistance on Ethereum, but if we break through, it is very possible to hit 228 or rally even higher.
Therefore, we may long Ethereum now at the price of 224.
Buy:
224 USD
220 USD
Stop Loss:
214.5 USD
Take Profit:
228 USD
235 USD
Ethereum may fail to break resistance and return to the 220 area. If that happens, exit your position if a bear fractal has been broken.
If that happens, you may short as we will likely be heading lower.
There is also a very good short opportunity here if you wish to take it. Simply short now on an alternate account and have a stop above the bull fractal. If it fails, you lose 0.42% at most.
I am still standing by my 6900 target for Bitcoin.
Ethereum continues to show weakness!Ethereum bounced from the demand zone twice forming a tweezer bottom BUT was unable to close above the EMAs, which does not bode well for bulls. The support level near the channel bottom and FIB seems to be holding so far but signs of resistance are creeping in.
MACD signal line is trying to crossover bullish and histo has just now turned gree, however, RSI broke down from support and has rejected resistance twice and seems to be heading back down to lower support.
The next few hours will show us where Bitcoin wants to go, which will dictate the rest of the market's movement.
Thanks guys
(ETH) Ether Wants to push up higher. 230+ target. Short/Long. Last trade I have set up a long/short trade that made me 3% despite the 1% loss when my long position flipped short. Ethereum has hit my exact short target.
Ethereum has been struggling against the 212.80 resistance for a while. Right now we have an inverse head and shoulders pattern on the smaller timeframe so it is a good place to long. Have a stop below the low of the bear fractal.
I have posted this as Ethereum has broke the bull fractal so we can long after a retracement.
This is the inverse head and shoulders pattern that broke the bull fractal.
Long
212 (most bullish scenario)
Take profit:
219 for 5% profit
Stop Loss:
205 manual
202.5 auto
Alternatively, if Etherum breaks 206 for good (not a wick) you may short with a target at 193.
Short:
206 USD
Take profit:
Sub 200 USD
Stop Loss:
Above high of bull fractal.
Thanks for viewing! I am hoping Bitcoin can hold and hit my original 6900 target. So far we are hovering on yet another Bitfinex buy wall.
Ethereum (ETH) High chance of testing 215 if conditions are met.This idea is a little bit different, and will be looking at the smaller timeframes. So far Ethereum seems to be weakening and failed to push higher. I can see it drop around 3%, which would make it a good scalp. Currently waiting for confirmation.
On the 5 min timeframe, Ethereum dropped below the cloud following a bearish TK cross and now has successfully tested resistance. If we fail to break through and get another William Fractal, it is a short signal.
Short:
221 USD
Take Profit:
215 USD
Stop loss:
If we push above 222 and trade within it for some time, get out. Alternatively, you may set a stop at 224.
Thanks for viewing! I appreciate all the comments and reply instantly.
ETH moments of truthETH finally bounced. It is in a good upward channel. As the 4H closes it is wicking up into ichi resistance and struggling to hold $226+. Gut feeling is it wont break. This run up seems a little weak. A short with a tight stop loss ~$230 could net nice profits. If it breaks and is able to hold during the next 4H we could see decent gains. Best of luck trading.
$87 Ethereum - Head and shoulders confirmedAnything can happen with ETH but this is pretty apparent. Wish I seen it earlier but I wasn't really looking for it. I've been so busy charting BTC and I don't hold much Ethereum. If it does get this low, hopefully it bounces back quickly. I am no guru, please get several opinions before making choices on chart predictions.
Share your thoughts.
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ETH will hit 130$ sooner or later!The bearis h market still goes on and it does not seem really good for ETH as it looks like it will have a much worse correction than BTC.
If you hold ETH so then it is now a great chance to sell/short it. It also shows some signs of recovering but still looks like a bull trap. Volume is still decreasing and whales are waiting for the moment to short. When everyone is exhausted from this market they will hit it at the worst time when no one expects it. Be ready for it!
We can clearly say that there is no end to the bear market yet. It will go on for sure. It may recover at the end of September or beginning of October . Everyone is still having vacation and will not use it for cryptocurrency as it is still hard to pay for food/vacation/cars and so on and the price still changes so a lot of people are scared of it.
Sell/Short:
1. 342
Goal:
1. 132
ETH Bearish ScenarioETH has been looking indecisive the last couple of days, I'm starting to lean more towards bearish since it just had a cross and still did not move up. Also BTC isnt looking that good either. Shorting could be potentially a good move here, it could possibly hit 500-525 but even that is starting to look less likely for the near future.