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Ethereumsignals

ETHEREUM forming a bullish break-out pattern to $690ETHUSD is holding its 9 month Channel Up, currently having formed a Triangle within. As seen on the chart, every time such a pattern (Triangle) is formed, the price breaks to the upside. Some times more aggressive (+83%, +89%), others less (+29%). At the same time, while the Triangle is formed, the RSI prints a Channel Down (showing accumulation in process) and the LMACD being descending, makes a Bullish Cross. The only exception to the RSI is the Sept/ Oct Triangle, but that traded below the the 1D MA50 (blue trend-line). In all other occasions, the 1D MA50 was supporting (as it does now). A +29% rise tops at $690, a +89% would top at $990. Which one do you think its going to be? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView -------------------------------------------------------------------------------------------------------- **BONUS MATERIAL: My most recent ETHBTC analysis **
BITSTAMP:ETHUSDLong
by TradingShot
13
ETHEREUM on the weekly chart. Is $600 achievable?Last week I posted the following chart on Ethereum: ** The Inner Channel Up ** It was about the final Resistance level of 400 that ETH had to break before its April Channel Up (inner/ blue) on the 1D chart turned bullish again. Well it happened, as the 1D MA50 turned into Support, and the price is moving higher. ** The Outer Channel Up ** My attention now shifts back to the 1W chart, which (excluding the March melt-down) is dictated by a very clear Channel Up too (outer). See how harmonically the price is pivoting on the middle (dashed) trend-line of this Channel Up (red and green arrows). This Channel started after the December 2018 bottom and since then, it is the first time that a weekly candle closes that high after a bounce on the middle trend-line. Clear bullish strength with the sentiment getting even stronger as the LMACD is about to make a bullish cross. Can Ethereum take advantage of this momentum and reach $600 before the end of the year, which will be a Higher High on the long-term (outer) Channel Up? A roughly +95% increase from the last low, certainly shows it can! And as you see on the chart this +95% rise has been consistent in marking Higher Highs since December 2018, successfully making 5 occurrence already! Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
BITSTAMP:ETHUSDLong
by TradingShot
9
ETHEREUM one level left to break before the next jumpETHUSD has been trading within a Channel Up on the 1D chart since early April. The price has traded on the lower half of the pattern for most of the time, which serves as the demand zone for accumulation. The upper half was used so far for profit taking by long-term traders. Though this framework is relevant, the most important development of the last days is the $400 Resistance which has been tested (and failed to break) three days ago. This is similar to the June-mid July price action when ETH again struggled to break the (at the time) 255 Resistance, but when it did an aggressive rally started straight to the profit taking zone of the Channel Up. Notice how in both cases during the later stages of the Resistance testing, the 1D MA50 (blue trend-line) turned into Support. Also the LMACD pattern is similar. Do you expect a strong rally once this Resistance breaks? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AxelShadah --------------------------------------------------------------------------------------------------------
BITSTAMP:ETHUSD
by TradingShot
5
ETHEREUM The Channel Up that makes buyers worry.ETHUSD has been one of the surprises of the post-March collapse, having broken above its June 2019 High, while BTC is lagging. Despite this success that has revived investing interest on this coin, there is a certain pattern that holders would want to see breaking upwards as it comes with strong bearish bias. ** The Channel Up on 1W ** That is the Channel Up you see on this chart. With perfect Higher High trend-line touches on the 1W candles of August 20 2018, June 24 2019 and recently August 21 2020. As you see the middle of the Channel also serves as a Resistance/ Support level at times. Every Higher High is on the 1.15 Fibonacci extension of the previous Low-High leg. ** The LMACD ** The Channel suggests that if the 1W MA20 breaks, the leg to a new Higher Low may begin. The LMACD just made a Bearish Cross, which on July 2019 marked the start of a drop below the median, while on March took place exactly at the bottom (even outside) of the Channel. ** The RSI ** Positive sentiment though comes from the RSI which shows that if it keeps trading within the neckline of the H&S (within of course its own Channel Up), which I marked by the yellow shape, the price may remain higher than where it was on the left part of the neckline, i.e. currently above the middle (white dashed line). What the RSI must avoid is the Red Zone (on the bottom of the Channel). It goes without saying that ETH buyers wouldn't want to see this Channel Up fulfill its technical gap and instead break above it and start a new, more aggressive bullish pattern . What do you think will happen? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> gergiabboud --------------------------------------------------------------------------------------------------------
BITSTAMP:ETHUSD
by TradingShot
13
BITCOIN bringing rally memories to ETHEREUM??This is an interesting find I came across while comparing ETH's current cycle on the 1W chart to BTC's previous (2014 - 2017) Cycle. As you see Ethereum, not only follows Bitcoin's Bear Market structure but also the consolidation that took place after, which led to the Bull Market rally. When that consolidation broke to the upside and the price pulled-back to test the (previous) top of the structure as Support, it held and kickstarted the aggressive phase of the Bull Market for Bitcoin. Will history ETHUSD follow Bitcoin on this one? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> CITIZENCAINE
KRAKEN:ETHUSDLong
by TradingShot
6
ETHBTC Time to ease on Ethereum before the next Bull?This idea is based on the notion that the dominant pattern of ETHBTC since the 2017 All Time High, is a Cup. As you see on the chart, we should be past debating whether or not the market has made a bottom as the price not only broke above the 1W MA50 (the blue trend-line) but is also about to test the 1W MA200. That brings us to the essence of this idea, as near the 1W MA200 (which is by itself a Resistance), there are other several strong Resistance levels: 1) The Lower Highs trend-line started on the June 2017 High. 2) The 0.382 Fibonacci retracement level. 3) The White Curve, which is the Resistance of the Cup pattern with several rejections. ETHBTC remains very bullish long-term but the above should wave a flag that we may get another good buy opportunity lower, potentially near the 0.236 Fibonacci retracement level, which provided Support on several occasions. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
by TradingShot
5
ETHEREUM Pump/ Rinse/ RepeatWell it appears that this is the sequence for Ethereum since late April: Pump-Rinse-Repeat. More specifically the last two Pump sequences (April 21-30 and May 21-June 01) have been around +37%. After their peak, the price pulled back and consolidated within a Cup pattern. As mentioned this has been done twice already. Right now, the 3rd sequence has began and there is still another +9% to go in order to complete the 37% range, which if repeated, will peak at $312. Notice also how the 4H LMACD is just about to form a Bearish Cross, which during the last sequence (May 31) market the final leg upwards to the blow-off top. Will this be repeated? Please like, subscribe and share your ideas and charts with the community!
BINANCE:ETHUSDLong
by TradingShot
10
ETHEREUM Indications that the Bull Rally is startingAnother simple study on ETHUSD making use of the MA20 and the LMACD on the 1M (monthly) chart. As you see both showcase strong bullish signals. In particular, the LMACD made a Bullish Cross in May but the important thing is that Ethereum has been making Higher Highs since, indicating a sustainable uptrend. On top of that the MA20 has turned bullish for the first time since the 2018 Bear Market. Additionally, the short-term bearish fractal posted early this month, got invalidated yesterday: Are you ready to join the ride? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
KRAKEN:ETHUSDLong
by TradingShot
5
ETHEREUM Bearish fractal and how it is invalidatedEthereum is trading within a 1 month Channel Down on the 1D chart. This is the second Channel Down in a row it has been trading in since April 20th. The first was invalidated when the price aggressively broke to the upside and hit 254.00. The broader pattern is a Bearish Megaphone that started with the June 26th peak. The same Channel Down in a row pattern took place on that peak. Once the price broke the 2nd Channel Down to the downside, it dropped to the 1D MA200. Since the current Channel Down made a High on the Bearish Megaphone's Lower Highs trend-line, it is possible to see a similar drop to the 1D MA200 if the Channel Down breaks downwards. The pattern is invalidated of course if the Lower Highs trend-line of the Bearish Megaphone breaks upwards, in which case ETHUSD turns bullish on even larger time-frames.
KRAKEN:ETHUSD
by TradingShot
3
ETHBTC Sell signal on recurring patternPattern: Descending Triangle on 1D. Signal: Bearish as the price was rejected on the Lower High trend-line. The pattern is identical to that of December 2018 - April 2019 both on candles and LMACD terms. Target: 0.02030 (1st Support) and 0.017300 (2nd Support) with higher risk. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent ETHBTC signal hitting the exact target:
Short
by TradingShot
1
ETHEREUM Similarities with early 2019 and the Death CrossBefore we start please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** The Bearish Megaphone and Death Cross ** ETHUSD is on a strong 4 week rise since the $90.00 bottom. That bottom was made on the Lower Low trend line of the Bearish Megaphone pattern that started with June's $365 High, so technically it was backed up. A interesting mix of bearish signs arises as the price is now not only just below the 0.618 Fibonacci retracement level (counting 290.00 as the High) but also a Death Cross on the 1D chart (MA50 crossing below the MA200) is emerging. ** The Fractals ** The above combination of indicators is bearish. On top of that I have discovered similarities on the current trading pattern from the 290 High to the 90 Low (Fractal 1) with the September 2018 - January 2019 sequence (Fractal 2). As you see on the chart, both Fractals stopped on roughly a -68% decline from their Top. Fractal 1 was rejected on its first (and second later) test on the 0.618 Fibonacci level and pulled back to find Support roughly on the 0.236. Assuming the current Death Cross takes effect, we can expect a similar rejection on the 0.618 Fib level (around 185.00) and a pull back to 0.236 Fib (roughly 120.00), assuming the pattern is replicated on the exact same fashion. Based on Fractal 1 and that pattern alone, we can expect ETH to touch $290.00 again by September 2020. Do you agree with this idea? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
KRAKEN:ETHUSD
by TradingShot
7
ETHEREUM is a 2nd chance for those who missed out on BITCOINI have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study: I am not going to go into much detail on this analysis. The candle action resemblance of ETH with BTC's first cycle is striking. I am gonna leave this to you. Do you think ETH is another opportunity for those who missed investing on BTC's early years? Let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
KRAKEN:ETHUSDLong
by TradingShot
124
ETHBTC Time to shoot up?Well it is possible based on the two patterns this chart shows. The similarities are uncanny with the Fibonacci levels holding and the 1D MA50 (blue line) dictating the price action. Based on that (barring one last minor pull back), ETHBTC should see a sharp rise in the coming months once the 0.382 Fib level and 1D MA200 (orange line) break. I am expecting 0.04200, which would fill the January Gap and that is even a moderate target based on the 2016/ 2017 fractal.
Long
by TradingShot
1
ETHUSD today analysis, 191004. Last one more drop is neededHello, my friends. It's Cryptoranger K. As of yesterday I switched my position to ETH to Long. Just because my trading style changed positions doesn't buy it right away. However, from now on, we are going to work on figuring out where to buy ETH. I was worried and sorry that some of you might have gotten a buy right after seeing my post yesterday. For that reason, I would like to explain this in more detail. Yesterday I looked at the 50-day line of the weekly chart and saw that ETH was about to complete its decline. I'm not sure if this will lead to an upside or sideways consolidation, but I felt certain it was a move to close the decline. The problem is that the chart's 50-day line isn't perfectly upright yet. I posted yesterday and thought about it for a while. This is how the current ETH chart looks like. 1) Considering the flow of the 50-day line, we can see that ETH is trying to turn the trend upward. 2) The 1 week candle is still below the 50 day line. 3) Now, before the 5 and 10 day lines create an intersection. 4) The 20-day line has just fallen. Let's talk about '2)' first. If I (or we) buy the ETH, the first point is when the candle goes through the 20 day line. Along with this, if I have to talk about the last buy point, I will say without hesitation that the candle is on the 50-day line for a week. (This is only for this time.) You can remember the big drop in BTC that started on November 5 last year. Then everyone shouted, "The drop is now over. The BTC must go up here." But then there is something that everyone overlooks. That is, the candle did not rise above the 20day line. 3) The current ETH chart will create three intersections soon. 5, 10day lines cross and 10, 50day lines cross. Considering the fall in ETH, it adds up to 5 and 50 day lines, so three intersections await us. The problem is that the current candle is located below the 50 day line. If the current one-week candle rises sharply and the next week's can't be made above $ 190, all of these intersections are expected to act as resistance to the candle. "Is it likely that ETH prices will rise sharply here?"
POLONIEX:ETHUSDShort
by Crypto_Ranger_K