Bearish AVALANCHE is well on the WAY The market retraced back to the tested resistance level - 178.22
Confirming the awaited
Bearish AVALANCHE
Ethereumusd
ETH Short Opportunity Coming Soon!Hello everyone!
Keeping this Ethereum analysis short and simple.
The price has been grinding higher on decreasing volume, and the daily RSI is showing bearish divergence.
The red line is the 200 EMA which we rejected hard off of twice, and since then have made multiple lower highs. I believe the dotted line in the center must hold for us to continue higher.
Given these conditions, I am currently short ETH with the targets of $147 and $135ish in the near term. I am short from $167.
A break with volume above $174 would make me bullish and I would consider entering a position if we have a bullish retest of the red line for continuation.
Until then, I see ETH (and BTC) retracing a decent amount. Overall, this is healthy price action and there is no need for alarm.
What are your thoughts and ideas?
Share them with me below!
ETH - OUTLOOK TOWARDS OUR UPCOMING TARGETS ETH is looking good to touch our first target of $164 followed by $171 and $185
Daily Bullish Signal $ETH #ETH #ETHUSDT #USDT $USDT (30 April)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
Ethereum good for scalpers, bad for trend tradersEthereum has been sending mixed signals, it wants to go up but it has big swings down, be careful if you are a swing trader. Wait for better signals to develop.
- Uptrend with big swings up and down
- MACD is under the 0 line with
- A bilateral pattern has formed with a
downward tendency.
ETHEREUM IS IN BULL PENNANT - BUT WILL WE BREAKOUT?Ethereum has been ready to burst over $200 for some time now. Weekly looks very strong. If I was a bull, I'd bee looking for breakout this month. Have stop losses set below bull pennant.
ETHEREUM'S NEXT STEPS...This is just technical analysis. Do not follow this trade blindly!
Hi fellow traders!
ETHUSD is currently 3.19% up from yesterday in terms of market price, seeing a surge over the past 24 hours.
So, is it now time for a pullback, or to try and break through all-time highs?
Personally, looking at ETH from a technical stance, it is currently in a parallel channel, where I believe we will see it float about rising till we look to hit around its first daily resistance region, which is around $177.00.
This could occur in 2 ways, so I will go through both specifically.
Scenario 1: (WHITE ARROWS)
Considering this pair from the 4H chart (although the 1H is posted on this trade analysis), there looks like there is time to see some bullish price action, so we could see a bounce towards the resistance region of $177.00, and then a consequent sell-off as this resistance region has been a strong barrier for the bulls from the 11/04/2019. This could mean a pullback, as forecasted from the 1D chart towards the $165.25 support region.
Scenario 2: (GREEN ARROWS)
On the 1H, there appears to be a bullish hammer printed on the chart. This will pave way for bullish price action, but there is more to think about. The 1H support level drawn in a yellow box has acted as support of the past couple of hours, and I think there is a possibility that in the next few hours, this could break as it is retested. This could give way for a tap of the support line on the parallel channel drawn in blue lines, before seeing a tap to the upside.
In the end, we are looking for an upside push!
The main targets of this trades are as follows:
First Upside Target: AROUND $177.00
Consequent Main Downside Target: AROUND $165.25
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
ETH - BEARISH PATTERN WITH BULL INDICATORS - CryptoManiac101ETH / USD TA
Here we are looking at an overall bear pattern which in bear market has over 72% of validating. Weekly chart for ETH does look much more bullish however until we actually see solid breakout from one of the ends of this pattern, we won't really know for sure. Currently there is a lower risk exposure to going SHORT vs LONG however you can always hedge your positions on lower times frame.
Ethereum Price TargetsWelcome Back!
My last Ethereum post was a bearish continuation update however, based off accumulation we invalidated that count.
Eth continues to look more and more bullish and I expect it to jump nicely and outperform Bitcoin in the coming months.
Based off my analysis we have hit a very decisive point in the current market structure moving forward. For over a month we have been accumulating inside an ascending triangle which we have just broken out of. Currently prices are working on the retest of resistance which is now acting as support. I expect some nice upside to follow over the next few months.
My target moving forward is $350. Short term target is $240.
A trading opportunity to buy in ETHUSDMidterm forecast:
While the price is above the support 80.350, beginning of uptrend is expected.
We make sure when the resistance at 200.000 breaks.
If the support at 80.350 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 180.000 on 04/03/2019, so more losses to support(s) 162.650, 136.500, 99.900 and minimum to Major Support (80.350) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 73.
Trade Setup:
We opened 12 BUY trade(s) @ 206.43 based on 'Valley' entry method at 2018.09.13.
Total Profit: -32628 pip
Closed trade(s): 0 pip Profit
Open trade(s): -32628 pip Profit
Open Profit:
Profit for one trade is 179.24(current price) - 206.43(open price) = -2719 pip
12 trade(s) still open, therefore total profit for open trade(s) is -2719 x 12 = -32628 pip
New Trading suggestion:
.Price is in the support zone (187.50 to 162.65), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (187.50)
Ending of entry zone (162.65)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 264.800
TP2= @ 309.100
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950
ETHEREUMBINANCE:ETHUSDT
ETH is now facing a small resistance, we will probably see a small drawback before it reaches 195$ target
Ethereum at important cross road.ETH is at an important crossroad. Lots of of challenges to overcome. If it plows through 185-188 zone easily, then we would have a reliable set up to go up higher above $200. Until then 200 EMA is keeping #ethereum from going up. RSI is showing overbought conditions. Not a convincing buy set up. #eth #bitcoin #crypto
*not trading advice*
#Ethereum Next step!In this review, I would like to talk about some important things that can be seen in the Ethereum graph above.
Let's start from the beginning - I added 2 red lines that show solid support in the 81.33 area and resistance in the 167.60 area, that these words are written we are still within this range.
2 The red circles are located in two places where the Ethereum tried to break the resistance without success.
Yesterday we had another attempt to break the Ethereum price resistance that succeeded for a while and then became Star Candlestick, the definition of this candle is-"Small-bodied candles in the star position often suggest that market participants are becoming indecisive and that the strength of the current trend could be reversing" (according to Investopedia).
After analyzing all of the parameters mentioned above we recommend a sell signal as long as the Ether does not break the resistance.
Sell Ethereum:
Entry price: 161.30
Take profit: 102
Stop loss:180
