Ethereumusd
ETH/USD LONG - Up to 176$ (and maybe more)Hey everyone!
A fresh trading year start of 2020 deserves a spot on call and I think ETHUSD has given us what we were looking for.
First off, a great Risk-Reward-Ratio (RRR) with a great compliance with the Point of Control (POC) of the Volume Profile.
Didn't even apply Fibs to this one as it looks primed, ready to attack - like a snake - for a further move up.
Had to publish this ASAP and I'm writing this description later as the breakout could occur at any moment. With that being said, given that I felt a sudden rush in writing this to you, the call could be premeditated which leads to this pattern failing and another pattern appearing that then performs to target.
In either case, you've been warned :)
Take care,
Vlad the Crypto Trader
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (146.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Take Profits:
TP1= @ 163.30
TP2= @ 191.75
TP3= @ 223.20
SL= Break below S2
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (146.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Take Profits:
TP1= @ 163.30
TP2= @ 191.75
TP3= @ 223.20
SL= Break below S2
ETHUSD Bearish SignsVolume oscillator can be seen to be declining, along with a lack of upward pressure within the volume RSI. Barely holding onto the purple fib line, consequences would be devastating if this is broken as a likely target is the pink fib line, which results in a lower low.
ETHUSD Smol Descending ScallopETHUSD has formed a small descending scallop, higher lows are also present. Key level is grey Fibonacci line. Stock RSI can be seen to be oversold. 4hr chart can often be less reliable than greater timeframe charts.
ETHBTC Dragonfly DojiIn the current downtrend, a dragonfly doji may signal a price rise is on its way. 'The long lower shadow suggests that there was aggressive selling during the period of the candle, but since the price closed near the open it shows that buyers were able to absorb the selling and push the price back up'
BTC Vs ETHAs you can see both Ethereum and Bitcoin have formed bullflags, this may lead to further upsides. However, bitcoin is stuck in a downtrend while ethereal is producing consistent higher lows. This may be due to the release of the recent ‘hard fork’ causing this price movement.
ETH 2020 Ethereum VS USDRoad to 1000+ ETH
Ethereum is the Web 3.0 but will it deliver
Strong developer growth and ETH 2.0 around the corner helps build the Ethereum supports the hype.
For these reasons, I am long-term bullish in Ethereum .
ETHUSD At Important LevelFirst of all I know this is a repost but don’t scrutinise me because I feel like its important to be shared. ETHUSD is at a key level in its parabolic journey, with three major dips observed will a new bull run be sparked? A head and shoulders pattern is also present.
ETHUSD Breakout patternSmall fibonacci retracement within the downtrend, price has setup for a nice bullish reversal, with an inverse head and shoulders signalling this. Low, and higher lows clear, stop loss also listed for those entering this trade. Green fractal indicating possible movement pattern.
My view on ETHUSDEthereun hit the long term downward trend and hit a small correction. My target zone for going long would be around 132.50. Let's see how that plays out in next couple of days.
I will be posting updates here as the trade/day progresses.
How are you trading #ETH today. Please leave a comment about your ideas.
Disclaimer: I am TA newbie. Therefore goes without saying. This is my personal opinion and not a financial advice. #DYOR.
Happy Trading!
Eth MomentumIncreasing upward pressure within the downward channel, (1,2,3,4). Log trend shows a rapid decline, which may result in a short term rebound. Constant rejections at the downward trend line. My advice is to make a fundamental analysis regarding ETH and enter your position based on your perceived intrinsic value. My current evaluation for Ethereum is $300 Long term.. for anyone curious. 4Hr chart.
ETH / USD - NEARING SUPPORT WITH POTENTIAL FOR BOUNCEETH / USD TA
Main support zone is at $90 with main resistance point at $314 for long term traders.
Short term support is at $120 with main resistance point at $192 for medium term traders.
Current position is a small LONG with no SL - adding more on track down.
Ethereum is Going to ExplodeEthereum is moving through a falling wedge. I am loading long in this area.
ETHUSD Leaves analysts dividedETHUSD is in a clear downtrend, it has been observed two channel tests have been made both being rejected, with this recent price drop a formation of an inverse H&S can be seen. This price drop has left most scattered in their predictions.
Ethereum aims to $100Hello, dear Traders!
PrimeXBT is at your service and today we overview ETHUSD (inverted).
I invert the ETH chart to illustrate the bearish scenario.
Price is moving inside the channel and we have the next round target of $100 .
But in case ETH breaks the lower line - we will be able to talk about reversal of the bullish movement.
We set this BTC chart on the left for clarity, what can happen according to this price changes, similarity is observed.
Market Cap
$16 035 694 805 USD
Volume (24h)
$6 678 425 801 USD
Circulating Supply
108 865 785 ETH
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals!
GOOD LUCK AND LOTS OF PROFITS !!
ETH Approaching Buy Zone$ETH approaching buy zone.
Buying #ETH ~$100-$120
1st Sells ~$300-$350
#Ethereum ETHUSD ETH
- @CryptoCurb
ETHUSD formed bullish Shark | A good long opportunityPriceline of Ethereum / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 144.93 to 143.26
Sell between: 146.84 to 150.60
Regards,
Atif Akbar (moon333)
Example of cryptocurrency market infancyWe are currently still in the infancy of the cryptocurrency market, as the market matures more coins will die off, fundamentals will become more prominent during evaluation and new trends within culture will emerge, including cryptocurrency. Often this infancy is compared to the dot com bubble which it is very much alike. This infancy is a direct contributor to the volatility and unpredictable nature of many coins, and most of the time this volatility is dependent on speculation. Once VERY clear leaders emerge (bitcoin, Eth, XRP at the current time) volatility will slow, and more growth will be seen as more confident investors enter the space.
Leave comments below I would love to hear your feedback, (what else I could have included).
My first ever fractalConstructive criticism encouraged! I'm new to fractals and they seem to be a great and very exciting tool for trading, long term Ethereum chart.
