ETH 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.
Anything 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. www.investopedia.com
I'm back after the holidays. On ETHUSD I found a bearish pennant, so I open a short. In August I had made this chart:
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...
This really does not look very bullish atm. Watch out for it to break through the last two small supports. To me this is not a bullish continuation pattern. what are your thoughts? This is clearly just an idea. Cheers
ETH 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.
H&S on Ethereum with a HVF setup - Though I am a little cautious because on shorter time frames BTC looks to be in a descending wedge - A big pop to the upside for BTC is likely to take Ethereum with it - Tho if the HVF setup completes I'll trade with a buy order
Hello guys, been a while since I posted a chart or an idea. But I think Ethereum is setting up to be in a beautiful, beautiful, beautiful short position right now. I spotted many indicator divergences on the Daily about 3/4 days ago but decided to wait to I actually got more confirmation. Here it is today. Right now what I've done is mapped this out to Wyckoff...
Clear head and shoulders pattern. Selling here and may re buy around $470.
This post will detail how I initially set up my SWING trade strategies for a medium term play and what levels I look at for flipping ETH. First, lets notate what's going on in the charts: Day Chart. 1. MACD crossed up, but is starting to fade and has not gone into positive territory 2. RSI is in the middle. 4 Hour chart: 1. MACD crossing down 2. RSI showing...
Ether in the medium-term strategy is moving in the channel. He could not reach the desired zone, as bitcoin began to fall. In principle, everything is basic on the chart
After the breakout of the double support, static at $600 and dynamic with the 200-day Simple Moving Average, ETH-USD is heading toward the next important support at $400. Today high volume, at 10am (GMT) 151K, the 10-day moving average is 159K and yesterday's volume was 141K.
Chart update. Position: Very Bearish with a chance of bounces Technicals. Day and Weekly Chart. 1. RSI is in negative territory 2. MACD looking vicious to the downside. 3. Breaking lows. It's clear we are in a bear market. No question at this point. We want to look for signs of a reversal, but there are none and we will continue looking. With all of that...
The thing to realize here is we are in a bear market. There are few reasons to say that we are at the bottom at this point. Technically here are some major bearish indicators on the daily chart: 1. RSI is negative and no signs of divergence or bottoming 2. Overall down trend. 3. MACD has been turned down and staying negative On the smaller time frames, things...
For those interested in my earlier post concerning EthereumUSD in a bear channel and projections, the post can be found here: The chart above shows an Elliott wave analysis for EthereumUSD. Price close of $672.10 on the 4hr tf has been identified as a possible Minute wave ((i)) position. It is possible that minute wave ((ii)) is not yet complete which is why I...
Ether has confirmed the head and shoulder and broke the neck line. A push down to 600 seems to be just a matter of time. The real question is whether or not this ABCD pattern is going to hold true. At this point, I think it is but I don't have a crystal ball so we will see. Besides the technical aspects of ether itself going to 400, if we look at the correlation...