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?"
Ethereumsignals
#ETHUSD#Ethereum, Will the positive momentum hold up?the crossing of the stochastic plus its high enough level indicates that the correction has not finished.
the second reason for our bearish signal is the proximity of resistance to $ 230
All cryptocurrencies are under pressure for some time.
Target: $ 184
ETHEREUM following BITCOIN's first cycle?Well the title says it all, but can it really be? Ethereum currently following Bitcoin's first cycle (2011/ 2012)?
This is a simplistic yet interesting comparison of the two cycles. After BTC's 2011 bottom, the price peaked near the 0.236 Fibonacci retracement. Then it pulled back again but found support on the 0.700 Fibonacci retracement level, only to trade sideways for around 4 months before picking up the new Bull Cycle again. ETH's current candle action is following a similar pattern as after the 2018 bottom, it peaked near the 0.236 level only to pull back again currently on the 0.700 retracement zone.
Can this mean that ETHUSD found a bottom and is about to start a lengthy consolidation before picking up the Bull Cycle rally? Let me know what you think in the comments section.
an IDEA on ETHEREUM D(4H) CHARTHello Ladies and Gentlemen - I am publishing an idea on what the price of ETHER is going to be in the near future in terms of probabilities. What we are witnessing now is a bearish Ethereum market - we've seen enough of weird stuff going on with the price of Ethereum since the price chart of it stopped bearing much resemblance from what the shape of the Bitcoin price chart used to be - when Ethereum took its own path - approximately 13th -14th of July 2019. So what we have here is a triangle (oh, back to this again, are we?). And what is interesting here, as we are coming closer and closer to the crucial support levels (179.2 - 181.5 and 166.6 - 169.8 areas), is that it is more likely for Ethereum to go upwards than downwards, and it seems like a potential scenario given the fact that the dominance of Bitcoin is declining now. So I am expecting the price to be at the 217.9-221.8 area by the beginning of September and think that the 179.2 - 181.5 range is a good buy zone with an additional 166.6 - 169.8 area.
ETHEREUM to $800 before the end of the yearETH has reached an important support level consisting of both the Higher Low of the 1W Channel Up that started with the 2018 bottom and the MA200. This technically creates the ideal long term buy entry.
Since the 2019 uptrend strategically and methodically targets the Lower Highs and Lower Lows of the 2018 Bear Cycle, it is logical to assume that the next target for Ethereum is $800.
Ethereum ETHUSD Short all Supprots habe been broken 1 HR Chart#ETHUSD #BITCOIN # Litecoin # Crypto
Hello to all watching my charts
Ethereum ETHUSD is since 15.7. in a big short move
No support holds, all supports i have schowed you as black lines
have been broken.
Next hold is maybe ... 204 USD
Both of my channelsystems are short of course.
No sign of a long chance .
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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.
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If you want to support my work and my charts, please like them...
Good trades
Renkotrade
Ethereum Short 1 HR Chart#Ethereum #Bitcoin #Litecoin #Crypto
Hello to all watching my charts.
Similar to other crypto ETHUSD Ethereum tries to find a bottoom now ,
but here the chart has been really damaged for long.
2 Big suppport aereas have been hit from ETHUSD at the range 275 - 277
and next stop down is 262.
What i also want to mention negativ is
that at the moment i write this here , Ethereum has been stopped the little up trend
exactly at the next resistance level from 17.6. ( BLUE RESISTANCE LINE)
For Long trendchange i think we do need a jump in the aerea of my
BLUE ARROW and make a new higher hgh (higher than high from yesterday in the minimum ).
Good trades
If you want to support my work and my charts, please like them
Renkotrade
Ethereum SHORT 1 HR Chart Hammered Down#Ethereum + Bitcoin # Litecoin # Crypto # trading
Hello to all watching my charts
Whow., like described in my last chart
Ethereum is hammerd down, cause the chart is much much weaker than Bitcoin
Has brokwn 3 supports which are now will be resistances ( 275 f.e.)
No long chance is to see at the moment
Next stopp down is to manage at 260/261 aerea.
Good trades
If you want to support my charts and my work please like them..
Renkotarde
ETHEREUM bulls should be happy with this cross!Haven't looked into Ethereum for a while and the reason is because it has been trading on an incredibly steady bullish pattern. The price has been accumulating, then spiking to a standard peak, profit taking. Then the process is repeated.
What stands out as the strong signal of an upcoming rise is the crossing of the MA50 and MA200 on the 4H chart. The MA200 always supports while the MA50 directs. Once crossed they remain aligned for a while (essentially the accumulation phase) before the MA50 breaks upwards again, delivering the spike. The RSI pattern is also similar.
Currently the two MA periods are crossed so I expect ETH to accumulate. Good time to load more longs in my opinion for a break above $320!
Ethereum buyers shouldn't worry and here is why!Cryptos have a habit of repeating some patterns over and over again. Ethereum is no different.
I took a closer look to Ethereum's bull market and in particularly 3 fractals which all appear to share a similar candle action to ETH's price volatility from October 2018 to date.
Initial price drop, high volatility (consolidation) with an obvious Resistance and then aggressive rise. The exception is Fractal B which consolidated longer (almost twice as long) making a re-test of the initial drop/ low (even slightly breaking) it, before it broke out. It did however increase much more than then other two (around +4,300% as opposed to Fractal A +1,800% and Fractal C +480%.
Assuming that ETHUSD hit the bear cycle's bottom in December, we can expect it to start rising more aggressively on the short term. If I had to make a pick one Fractal of the three to fulfill this scenario that would be Fractal B as in duration it is much more similar to Bitcoin's expected consolidation phase. In that case we have roughly another 175 days of trading between the cycle's bottom ~80 and current Resistance ~ 185.
Do you think ETH bulls need to worry? Hit me with your estimate in the comments section!!