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ETH bullish bounce & next resistance levels to watch for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:ETHUSDLong
by CryptoRush_
1
ETHUSD Reaching Higher LOWS - Verge of BREAKOUTIn the last two days, ETHUSD has made significant higher lows to reach over 600$ which is a very refreshing time for ETH HODLers and Traders. While comparing to the BITBAY:BTCUSD reaching it's All time high, ETH still has a long way to go to break it's ATH from 2-3 yearsa ago. We had a similar breakout on Nov 18th-19th after a good consolidation. Currently the charts indicate a converging candle stick chart as the range reduces into a squeeze.
KRAKEN:ETHUSDLong
by jashjacob
Ethereum is breaking out the midterm resistanceHey friends hope you are well and welcome the new update on Ethereum (ETH) coin. The priceline is being consolidated at $350 support level. The next supports are at $325, $280 and the next resistance levels are at $400 and then $800. On long term there is no significant resistance between $400 and $800. Therefore incase of breaking out $400 resistance the priceline can move at $800 very soon. On daily chart priceline has broken down 25 and 50 simple moving averages and now retesting the 100 SMA support 1st time after May 2020, and likely to have nice bounce from here. On daily chart from 13 Aug the price action of Ethereum is moving in a down channel. At the moment the candlesticks are trying to breakout the resistance of the channel in the meanwhile the priceline of second largest cryptocurrency is also breaking out the exponential moving averages with the time period of 10 and 21. After September 2020 the price action has found a very strong resistance on small time period 4 hour chart. The Ethereum’s price action has been rejected several times by this rejection line. Now finally the priceline is breaking out this strong resistance line. After this break out the price action can easily breakout the resistance of the down channel on daily chart. The priceline of ETH is still moving above the ichimoku cloud and the ichimoku cloud is still bullish. Conclusion: On 4-hour chart the priceline is breaking out the midterm resistance line. If this resistance will be broken out then we can expect the breakout from the down channel on the daily chart as well. However as stop loss we can use the support of the channel to minimize the risk factor.
COINBASE:ETHUSDLong
by moon333
1
ETH/USD: Long Term Bullish Setup for EthereumIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. Analysis - In my previous Bitcoin analysis, I've mentioned the importance of securing the 10.5k support - As we play by levels, today's break and close above the regional resistance provides a bullish signal for altcoins as well - In the case of Ethereum, we can see that prices are currently testing the long term support - Below current support levels marked by green, Ethereum has been consolidating for almost two years, leading up to the recent breakout - However, as Bitcoin corrected severely from 12k levels to 9k levels, Ethereum has formed a pullback as well, retesting support - The Relative Strength Index (RSI) continues to create higher lows as a sign of strength in the bullish trend - While the Moving Average Convergence Divergence (MACD) is about to form a death cross, confirmation is required, as the moving average could bounce. - Within the smaller Fibonacci retracment, prices are currently trading between the 0.236 resistance and 0.382 support - After a breakout of $400 levels, we could play by levels once again on the long term, based on the Fibonacci retracment price targets. Conclusion While Ethereum is at a nebulous zone between support and resistance, Bitcoin's breakout today has confirmed a bullish case for the cryptocurrency market, providing more confidence in a long term position for Ethereum. While risk still exists, the upside potential for Ethereum on the long term remains extremely huge.
COINBASE:ETHUSDLong
by Michael_Wang_Official
10