Ethereumusd
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
Ethereum Bottoming Fractal Update (ETH)Since we got some crazy market movement today, it's time to post a much needed update on this Ethereum fractal analysis I've been posting about for a while. For a while now, I've noticed a potential fractal that could play out similarly to how it formed before the 2017 ETH bull run. Since Bitcoin has broken some major resistances, the probability that this fractal will play out is actually increasing.
I recently increased my ETH stack by a substantial amount by trading in and out of BAT and ENG. IF the market is going to continue a bit higher from here, I expect Ethereum to finally go on a run. If you look at today's selloff on the Bitcoin ratio, we perfectly touched the final support I was looking at. A decisive break below that support would be a bad sign, but we also broke out above the $140 resistance. If $160 falls, we should see a major move on ETH, taking it up to $200 and beyond.
We'll see what happens. Perhaps we will test the lower supports from today again. The yellow squiggle on my chart shows what I expect on the bullish side of things. Once that former uptrend (red) falls, ETH will most likely skyrocket. The same thing has already happened with ENG and its previously broken uptrend.
Here's the chart zoomed in:
One could potentially go LONG here between 30000 and 33000. This would be a long term trade. Hard to say where targets would be, but wherever one is comfortable with profit. Obviously, as I said, a break back below $140 and then a break below the 29000-30000 support (Bitcoin ratio) would be a bad sign. Always good to be prepared.
This is not financial advice, and I am not a professional. I've been watching and analyzing this market for fun.
-Victor Cobra
ETH showing solid Growth, opening LONG.ETH:USD has shown solid growth and fundamentals, as a TOP 5 coin, it is extremely correlated to BTC:USD price and will react extremely fast to any movement by BTC.
Right now ETH:USD has shown very solid growth since March 3, as BTC:USD has also shown to be quite solid after breaking through the 4000 resistance and forming support around the same price.
ETH:USD should be expected to continue rallying.
The MA Cross formed on March 16, would seem to indicate that.
There is plenty of room to continue going up, so I'm opening a Long at 141.86 with a stop loss at 137.80 and a target of 158.
The stop loss is just below the body of the candle of March 29 and the target just above the candle of February 24.
The risk-reward ratio is a healthy 4.73
Ethereum - ETHUSD // Longterm OutlookCurrent Outlook
Bullish
I am Bullish as of now within the Crypto Markets. As we can see via our charts we are at resistance for the 3rd time. We have a Daily Demand within the bottom of our Trend Line @ $136 for buys.
Confluence -
- Third attempt @ Resistance.
- Supply Block @ $199 likely to be touched soon.
- We want to see $199 reject & allow our Daily S/R level to hold as SUPPORT from now on.
- This S/R flip will push us above this Supply Pivot and thus form it into Demand.
- Demand Pivot shift will signal a shift in market structure to the bullish side. We can project targets of $400-$460 if this scenario occurs.
- Telegram // Twitter
Ethereum - mid term overviewHi guys! Ethereum as other major cryptocurrencies is in decision phase where to go next days. In my opionion it's only about how the price finish consolidation phase before final capitulation. I expect short term more sideways (120-140 range) or final strong push to the upside to retest 200 heavy resistance (bull trap). Mid term still looking weak with potential 50 USD/ETH bottom.
Take care!
-DP-