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You will never regret to buy Ethereum after this moveHey guys and gals hope you are doing well and welcome to the new update on Ethereum coin. We have already seen in my previous article that the Ethereum coin is moving in a very big descending triangle. Previously when the price action was reached at the resistance the MACD was turning bearish and Stochastic also give bear cross but the momentum indicator was ignoring these bearish signals and eventually the MACD and Stochastic both turned bullish again. Now the price action is trying to break out the resistance. All indicators are signaling to breakout the channel: On the daily chart the price action is moving in an up channel. And if we watch the Moon phases indicator then new full moon is a appeared at the high distance above the resistance of the channel signaling to the breakout soon. If we watch that moving average convergence divergence (MACD) stochastic and Momentum indicators then we can notice that all these indicators are turned strong bullish. Priceline is attempting to breakout next resistance: Now if we switch to the two day chart to watch the different support and resistance levels. Then previously the price line was retesting the support of $225. Now it is trying to breakout the next resistance at $280 if this resistance will be broken out then we have the next resistance at $310. Now I would like to draw your attention towards a very powerful bullish move by the price line of Etherum and that can be seen after placing the Ichimoku cloud indicator on the long term weekly chart. It can be easily seen that the lagging span of Ichimoku cloud has crossed up the price action and at this time it is trying to cross up the bearish cloud as well. The conversion line and the baseline have formed bull cross just below the price action and finally the candlesticks are breaking out the bearish cloud. This cloud was never broken out since after July 2018 when the price action broke down this cloud. Once it will be broken out then it will become a very strong support for the long term bullish rally as it has been working as a strong resistance for the price line. And after this break out you will never regret to buy this coin. Conclusion: Even though the priceline of Ethereum is almost out of the bearish cloud but so far there is not a single candlestick that has been completely opened and closed above this cloud. Therefore we need a complete opening and closing of the candlestick above the cloud then we can consider that it has been completely broken out. The price action is also trying to break out the $280 if it will be failed in breaking out this strong resistance then we can see the price line retesting the previous support of $225 again.
COINBASE:ETHUSDLong
by moon333
6
ETHUSD this dump in an invitation to a powerful pumpFailed in breaking out the resistance: Hi guys and gals hope you are well, welcome to the new update on Ethereum, the Ethereum was going very good and after crossing the $224 resistance it was expected that it will use this resistance as support and move up to hit the next resistance level but the price action has failed to retest the resistance of $224 and dropped down at previous resistance level at $149 and even now hitting at the next support level at $122. Before breaking down the $244 the support the price action went very close to $310 resistance $290. Simple moving averages are broken down: On daily chart the priceline of Ethereum was moving above 100 and 200 simple moving averages and it was expected that these moving averages will work as strong support for the priceline but the bearish move was very strong and now we can see that the candlesticks has broken down the both simple moving averages on daily. Ichimoku cloud: In my previous article we have discussed that the priceline was likely to cross the ichimoku bullish cloud and conversion line had formed bull cross with the baseline just below the priceline of ethereum and Ethereum achieved highest price by moving up 12933% bullish move. This time the price line of Ethereum was moving below this cloud since July 2018 and the current during current bull rally it was expected that candle sticks will cross up the bullish cloud. Unfortunately this time the priceline of Ethereum did not cross the bullish cloud and dropped down. Once the priceline will be successful in crossing up the bullish cloud then we can expect a really very big bullish move like it has taken in 2017. No one can say anything that this time the priceline of Ethereum will produce 12933% or more or less profit but it can make really very big bullish move. Harmonic move: If we see on monthly chart then the strong bearish move has completed the final and last leg of bullish Gartley pattern which was being formed. It was started on December 2018 and the first leg was completed on June 2019 then the price action retraced upto 0.786 level here I have ignored some extra spike. From here the price action was suppose to be projected between the projection area of A to B leg from 0.382 to 0.886 Fibonacci level and after being projected in this area the Ethereum was suppose to be retraced between 0.618 to 0.786 Fibonacci level. After this retracement now the price action is suppose to be projected between 0.382 to 0.786 Fibonacci level and this is the projection of A to D leg. Now we can see the priceline of Ethereum even has hit the spike even beyond the potential reversal zone of this big bullish Gartley pattern but unless the candle sticks will be not closed below the potential reversal zone it cannot be considered that this PRZ level has been broken down. Now from this potential reversal zone the candlesticks are suppose are to be projected between the projection area of A to D legand this bullish divergence can also lead the price action of Ethereum to breakout the ichimoku cloud as well and we have discussed earlier once the pipeline will cross up to cloud on weekly chart then it can turn more bullish to produce very big profit gains. The range of potential reversal zone and Fibonacci projection area: And as per bullish Gartley the potential reversal zone of this pattern starts from $188 and ends at $141. And the Fibonacci projection starts from $225 and ends up to $315 this is the level where we also have key level resistance of Ethereum $310. Stop loss: Maximum extent of potential reversal on should be used as stop loss point in case if the candle sticks will be closed below this area because once the priceline will break down this PRZ level then the price action may go for bullish Butterfly and can retrace more down between 1.27 upto 1.618 Fibonacci level.
KRAKEN:ETHUSDLong
by moon333
1
ETHUSD some bearish signals on long term chartHi friends hope you are well and welcome to the new update on Ethereum. This coin is going really very good even better than the Bitcoin but on the long-term there are some weak bearish signals are appeared, therefore I would like to share those signals with you guys. The price action is re-resting the previous resistance as support: Firs of all I would like to show you the different support and resistance levels of Ethereum on th daily chart. Here the price action has bounced from $122 support and broke out the next resistance level of $149. And after breaking out it used previous resistance as a support and then priceline first attempted to breakout the next resistance of $224 and after being rejected by this resistance the price action again moved up made another succeful attempt and broke out this resistance level. At this time the priceline of Ethereum is retesting this previous resistance as a support. If this support will be broken down the Ethereum can reach at previous support at $149. Comparison of channels of Ethereum and Bitcoin: If we see the comparison between the up channels that are formed by the Ethereum and the Bitcoin on the day charts. Then position of Ethereum is seems to be stronger and better than Bitcoin. At this time the price action of Ethereum is moving within the up channel but on the other side the BTC has broken down the support of channel. And now the priceline o BTC is moving below the support of the channel. If we watch the exponential moving averages with the time period of 10 and 21 then both are touching each other. Comparison of Ethereum and Bitcoin’s simple moving averages: If we watch the simple moving averages with the time period of 25, 50, 100 and 200 of both charts. Then Ethereum has just broken down the 25 simple moving average today and on the other side the Bitcoin broke down this simple moving average before the Ethereum at this time the price action of Bitcoin is at 50 simple moving average support but Ethereum can move all the way down the retest the 50 simple moving average support and this time this support is at $218. However the moving averages on Ethereum’s chart has completed the setup for an open alligator mouth. That is a very strong bullish signal. As the 25 simple moving average is above all then we have the 50 simple moving average then 100 and the biggest time period simple moving average that is 200 is below all the other moving averages. But on the Bitcoin chart the 100 simple moving average needs to cross up the 200 simple moving average in order to complete this bullish setup. Therefore we can say that Ethereum is more bullish than BTC. And if the Bticoin will make any bullish move then Ethereum will make more bullish move than BTC. A big descending triangle and my prediction of 180% bullish move: Now if we watch the Ethereum price action on the long-term weekly chart. Then it has formed a big descending triangle. I am observing the movement of the price action within this triangle with the combination of stochastic and MACD indicators. And it can be easily seen whenever the price action reaches at the support and we receive bullish signals by the stochastic and the MACD indicators then the price action moves up to the resistance of the channel. By repeating this act the Ethereum price action first produced more than 355% bullish rally, then it produced more than 150% bullish move and recently it has produced more than 180% gains. Using the same method I predicted this last bullish rally in my previous article that I posted on 28th of March when the price action of Ethereum was moving at the support of this descending triangle as below: Previous article: Now at this time we can see that the price action has reached at the resistance of this descending triangle and the stochastic is still in bull cross but the MACD has turned weak bullish from strong bullish. This is the first indication that it is turning bearish now we should observe if the price action would be moving at the same level and the stochastic would be in bull cross and MACD indicator will be again turned strong bullish from weak bullish, then we can expect that the price action will break out the resistance of this triangle. Otherwise it can move down to the support. I have also play the volume profile on the complete price action. And that is showing that the price action is moving in the area where the trader’s interest is really very weak. That is another indication that the price action can move down to the previous support from here. Conclusion: On the daily chart the Ethereum is more bullish than Bitcoin. It means that whenever the BTC will move up then Ethereum will make big move than the Bitcoin. But on the long-term as it has reached at the resistance of the triangle therefore we need to observe all indicators and signals very closely for any upcoming bearish is move.
COINBASE:ETHUSD
by moon333
These 3 signals can turn Ethereum more bullish than BitcoinHi friends hope you are well today I want to share with you three major significant signals of ethereum that can help you understand when the ethereum is going to make a very big bullish move. This article will be also helpful to have an idea whether to invest in Bitcoin is will be more beneficial or to invest in Ethereum is more profitable. After Bitcoin halving 1st bullish rally of Ethereum and 1st bullish signal the market cap: After previous Bitcoin halving which was happened almost on 11th July 2016. The price action of Ethereum started bulish rally. And we have witnessed that the market cap of Ethereum was increased. If we see the coinmarketcap data of Ethereum on July 11th 2016 then at that time the closing price of the Ethereum was $10.46 and the market cap was 856.5 million dollars. Then first rally was started that was upto 12th June 2017 and at that time the market cap of Ethereum was increased by 37.1 billion dollars. Its mean that the market was increased more than 4200%. The Ethereum reached at $401. That’s mean it rallied more than 3900%. Then the world’s second largest cryptocurrency started a correction rally. After Bitcoin halving 1st bullish rally of Bitcoin and the difference between the profitability: On the other hand if we watch the Bitcoin chart. Then after halving the Bitcoin started a bullish rally and upto August 2017 the BTC gained more than 650% value. Now if we compare this profit ratio with the profitability that was produced by Ethereum then it is more than 83% less. The second bullish rally after correction: After the 1st bullish rally of Ethereum that was up to 12 June 2017. We have witnessed a correction rally and after this correction rally the Ethereum started the next long term bullish move. And this time upto January 2018 the market cap of Ethereum was increased by 135.4 billion dollars. Its mean that the market was increased more than 15000%. And the price action achieved $419 price level that was more than 13400% bullish rally. On the other hand if we watch the Bitcoin chart. Then after little bit price correction the Bitcoin started next bullish rally. And upto Dec 2017 the BTC gained more than 3000% value. Now if we compare this profit ratio with the profitability that was produced by Ethereum then it is more than 346% less. In these bullish rallies the important point is that the Bitcoin achieved the highest price ever in its history in December 2017. And when the Bitcoin was dropping down in January 2018 the Ethereum achieved the highest price ever in the history of ethereum. It's mean that after recent halving when the long-term bullish move will be started again. Then we can expect that first Bitcoin will turn bullish and achieve the highest price. And when the Bitcoin will be going through a correction rally or moving down then Ethereum can achieve the highest price ever in its history. And Ethereum can again produce far more big profit than the BTC. Bullish rally of Ethereum: Bitcoin rally chart: Second signal the simple moving averages: If we place the simple moving averages with the time period of 25,50,100 and 200 on the weekly chart of ethereum. And first look back before the previous powerful bullish rally from 2016 to 2017. Then it can be observed that when the 25 simple moving average crossed up the 50 simple moving average after that the price action of Ethereum never turned back and started the bullish rally that that was continued to one and a half years. As per coinbase exchange we did not have the 100 200 SMAs available at that time. Therefore we are only watching the golden cross between 25 in 50 simple moving averages. Now if we move to the current situation then it can be easily seen that the price action has crossed up the 25 and 50 simple moving averages. And at this time the price action is trying to break out the 100 simple moving average resistance. Once all these simple moving averages will form the golden crosses with each other then we can expect the powerful bullish rally like we have witnessed back in 2016 to 2017. At this time the 25 simple moving average is in death cross with 50 simple moving average. So we should at least wait for the 25 SMA to cross up the 50 simple moving average then there will be chances that the price action of Ethereum will turn bullish. However I would suggest to wait for all the golden crosses between all these four simple moving averages. For example the 25 simple moving average should be above all then we should have the 50 simple moving average then 100 and at the end of all these moving averages the 200 SMA should be below all these simple moving averages. Then a complete a opened alligator mouth will be formed. And the support of all these four simple moving averages the priceline can start very firm long term up trend. 3rd signal the ichimoku cloud: Now I would like to discuss about the third bullish signal that can lead the price action of Ethereum to achieve the next highest price ever in its history. And that is the ichimoku cloud on the weekly chart. In order to notice the power of this signal we need to again move back in 2016. When the priceline of Ethereum crossed up the cloud in August 2016. And the price action started bullish move that was continued to next 1.5 years. Then after July 2018 since the price action of Ethereum has crossed down this ichimoku cloud it has never been successful to breakout this cloud again. From July 2018 to April 2019 there were very low chances for the price to cross up the cloud because the priceline was moving far more down than the bearish cloud. And the lagging span of ichimoku cloud was also at very big distance from the price action. Now at this time we can observe that the ichimoku cloud has turned very weak in the price action is making 3rd attempt to cross up this cloud. The lagging span has already crossed up the price action and now we can wait for the conversion line to cross up the baseline. This can produce a powerful bullish rally that can lead the price line to cross up this cloud and we can expect that once the priceline will breakout the ichimoku cloud then it will never turn back for next 2 to 3 years like it did back in 2016 to 2017. Conclusion: The Bitcoin can start a long-term bullish move before Ethereum and achieve more higher price level. Then Ethereum can start the upward move subsequently. But the profitability of a Ethereum can be more better than the profit ratio of Bitcoin. It is also possible that after acheiving the higher price level the Bitcoin will be moving down and in the meanwhile the Ethereum can start moving up to achieve the higher price level. Therefore it can be possible that many traders would be thinking that if the Bitcoin is dropping down then it is also a sell signal for Ethereum as well. But after selling they can regret like it happened back in Jan 2018.
COINBASE:ETHUSDLong
by moon333
1
Is Ethereum Going To Hit $10K Within Next Year???Descending triangle: In my previous article we have already discussed that the price line of Ethereum is moivng in descending triangle. The support of this triangle is at $90. The priceline entered in this triangle in December 2018 and after hitting the support turned strong bullish and rallied more than 355%. And after June 2019 the Ethereum dropped down again. But this time the priceline did not hit at the support of this triangle. Because the the lower bands of the bollinger bands was above the support of the triangle therefore it played the role as a strong hurdle for the price action and stopped the priceline to reach the support of triangle. And this time in March 2020 we can again see that bollinger bands was moving with the support of the triangle therefore the price line had the capacity to reach up to the support and on the candlestick of 9th March 2020 we have seen that the priceline has reached the support at $90 and now is has turned strong bullish. Sofar the price line has rallied more than 152% Here I have also placed the volume profile on the complete price action moving within this triangle and as result we can see that the trader’s interest is very low below $107 Its mean that the traders are less interested in trading close to the support of the triangle therefore we can when the priceline moved below this level it turned bullish and moving up. Ethereum is bounced from the support that is not broken down since more than a year: If we switch to the daily chart that we can observe that after that after strong bearish move of the month of March finally the price action has hit the support of $122. This is very strong support that is not broken down since more than a year therefore the priceline is not able to break down this support. From this support level the Ethereum took a powerful divergence and broke out the first resistance level at $149. And after breaking out this resistance level the priceline has re-tested this resistance as a support and moved up. At this time we can see that the price action is attempting to breakout the next resistance level of $224. If this resistance will be broken out then the priceline may re-test this resistance level as a support then it will move up to make an attempt to break out the next resistance level of $310. Big bullish Gartley has started its job: Here I would like to recall the big bullish Gartley pattern that we have discussed in previous article, that the Ethereum has form very big bullish Gartley pattern on the monthly chart same as like the Bitcoin has formed. The strong bearish move of the month of March has helped the price action of Ethereum to complete the final leg of the bullish Gartley pattern. Even the priceline has hit the spike beyond the potential reversal zone but on the same candlestick the priceline retraced back and re-entered in the potential reversal zone again. The buying zone of this pattern starts from $188 and ends up to $141 and as per Fibonacci sequence of harmonic Gartley pattern the price line should move up in the Fibonacci projection of A to D leg that starts from $245 and ends up to $315. The maximum extent of this sell zone or Fibonacci projection area $315 is almost at the same level where we have third resistance level. And that is on $310. Therefore this time there are strong chances that the priceline will hit $315 level to breakout this resistance. This bullish indication is going to appear second time in the history of Ethereum: Now I would like to discuss with you the most strongest indication that can lead the priceline of Ethereum to hit the $10,000. And that is the ichimoku cloud on the weekly chart if we see back in 2016 when the price action crossed up the ichimoku cloud then it Ethereum produced more than 12933% bullish rally. And after hitting the highest price the Ethereum turned bearish and on June 2018 the priceline crossed down the cloud. Since then Ethereum is not able to cross up this cloud again. And at this time we can see that the price action of a Ethereum is making third attempt to cross up this ichimoku cloud. Once the priceline will be able to cross up this cloud then this ichimokum bearish cloud will be turned bullish and it will become most strongest support for the price action of Ethereum. That can lead the priceline to hit higher than the previous highest price. Therefore there can be a possibility that it will hit $10,000 within next 2 years. The lagging span has already crossed up the candle sticks that is another bullish indication this will be helpful for price action to cross the candles. Conclusion: There are strong chances that the Ethereum will make an attempt to breakout $310 resistance. Incase of breaking out $310 resistance level the Ethereum can easily cross up the ichimoku cloud after that the price line can turn bullish and incline on long term.
COINBASE:ETHUSDLong
by moon333
5
ETHUSD forming bullish Shark | A good buying opportunity aheadIn my previous idea we have seen that on 1 hour chart the Ethereum with Bitcoin pair was forming bullish Shark then finally as per prediction the priceline entered in buying zone and after hitting the sell zone dropped down. Formation of new Shark pattern: This time again on short term hourly chart the price action of Ethereum with US dollar pair is forming another bullish harmonic Shark pattern and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Shark pattern should be: Buy between: $152.95 to $150.74 Sell between: $154.86 to $159.24 Stop Loss: The potential reversal zone area which is up to $150.74 can be used as stop loss in case of complete candle sticks closes below this level. Possible profit and loss ratio: As per above targets this very short term hourly chart trade has the profit possibility of 5.63% and as per above mentioned stop loss, the loss possibility is 2.82 %. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
COINBASE:ETHUSDLong
by moon333
1
Ethereum has all good supports for a big pumpEthereum is at the support that is not broken down since more than a year: As earlier we have seen that on daily chart the ethereum turned very strong bullish and started powerful bullish rally from December 2019 to 14th February 2020. And after gaining more than 150% value we have witnessed a waterfall crash after 14 Feb 2020 upto sofar. And Ethereum has lost more than 58 % of its value. During this crash the Ethereum has dropped at the support of $122. That is really strong suppor as we can see this support is not broken down since more than a year since March 2019. The priceline is likely to embrace this support as we examine that the price action has hit the spike even beyond this support but in all of a sudden the price action again retraced back and crossed up the support. At this time the price of Ethereum is moving above this level. Long term support working as market structure for Ethereum: Now if we switch to the long term weekly chart then it can be easily examined that we have a very strong support of $90 that is not broken down since June 2017. This is working as a basic market structure for the Ethereum’s price action. Once this support will be broken down then the market structure of Ethereum will be destructed and we can have very strong bearish move by the Ethereum’s price action. We have even that the price of a Ethereum has even hit spike beyond $90. For example in December 2018 the priceline has hit up to $80.60 but retraced back. And we don’t have even a single candlestick that is opened and closed below the support level of $90. Formation of descending triangle: On the weekly chart we can also notice that the price line is caught in descending triangle. The support of this triangle is the same as we have the long term support of $90. The priceline entered in this triangle in December 2018 and after hitting the support turned very strong bullish and produced more than 355% profit. And after June 2019 the priceline dropped down again up to December 2019. But this time the priceline did not hit at the support of this triangle. Because Now the question can come it mind that why the priceline hits at the support in December 2018 but why did not hit at the support in the December 2019. The answer is that if we see in December 2018 then lower bands of the Bollinger bands was even below the support level therefore the price line had the capacity to move upto the support of the triangle. But in December 2019 we can see that the lower bands of the bollinger bands was above the support of the triangle therefore it played the role as a strong hurdle for the price action and stopped the priceline to reach up to the support. And this time in March 2020 we can again see that bollinger bands was moving with the support of the triangle therefore the price line had the capacity to reach up to the support and on the candlestick of 9th March 2020 we have seen that the priceline has reached the support of the at $90 and now turning bullish again. Here I have also placed the volume profile on the complete price action moving within this triangle and as result we can see that the trader’s interest is very low below $106. Its mean that the traders are less interested in trading close to the support of the triangle therefore we can expect an upwards move very soon. And the point of control of the volume profile is at $134 it can also help the price line to move up because the priceline always moves around the point of control. Bullish Gartley move: Now I would like to divert your attention towards the harmonic move of the Ethereum that I have been showing in my previous posts and that the Ethereum has formed a very big bullish Gartly pattern on monthly chart. And this recent strong bearish move has helped the price action to complete the final leg of this pattern. The current candlestick on monthly chart has moved even below the potential revesal zone of this bullish Gartley. But until we will not have any candlestick that would be completely opened and closed below this PRZ level this Gartley pattern will be valid. And according to this pattern the buying in sell ranges should be as below: Buy between: $ 189.05 to $ 141.35 Sell between: $ 225.63 to $ 316.03 So if the Ethereum will hit the maximum target then it can be more than 146% move. But if the priceline will cross up the maximum targets then it can turn more bullish. Conclusion: After hitting the strongest support of $90 there are strong chances that Ethereum will turn more bullish and this support will be saved. The short-term support of $122 is also saved now the price line can move up to make another attempt to break out the the triangle’s resistance very on long term weekly chart. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
COINBASE:ETHUSDLong
by moon333
1
ETHUSD formed a bullish cypher | Upto 120% expectedPriceline of Ethereum / US Dollar has formed a bullish cypher pattern and entered in potential reversal zone. We have a 50 simple moving average support within the potential reversal zone which can help the price action to hit the sell targets soon insha Allah. But beware that MACD is still strong bearish and stochastic is oversold but did not give any bull cross sofar moreover the volume profile of complete pattern is showing that traders are still interested to trade below the potential reversal zone even the POC of volume profile is also below the PRZ area therefore I would suggest to wait for MACD to turn weak bearish or for bull cross from stochastic RSI then buy. I have defined targets using Fibonacci sequence: Buy between: 190.30 to 143.09 Sell between: 227.21 to 316.18 Regards, Atif Akbar (moon333)
BITFINEX:ETHUSDLong
by moon333
6
Ethereum is forming bullish Crab | For a big bullish moveHi Folks hope you are doing good, this bearish trend is helping many tokens and cryptocurrencies to complete their final bearish legs to form bullish patterns and Ethereum is also one of them. On 2 day chart the Ethereum is forming bullish Crab pattern, and soon it will be entered in potential reversal zone but before that we will need some more bearish trend. Let’s dig this pattern deeper to observe how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.328 to 0.618 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 1.27 to 161.8 Fibonacci. Buying And Sell Targets: The buying and sell targets according to harmonic Crab pattern should be: Buy between: $69.28 to $8.87 Sell between: $116.26 to $230.36 So if the final leg will be retraced up to maximum extent then this pattern can produce up to 2497% big gains. Stop Loss: The potential reversal zone area can be used as stop loss in case of complete candle stick closes below this level. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
COINBASE:ETHUSDLong
by moon333
4
ETH ANALYSIS: BUY THE NEXT DUMPETH ANALYSIS: ETH is pushing up on a relief rally after falling below $100. ETH is forming a strong C clamp formation that could end in another rapid decrease back into support near 100-110. Ideal entry is below 110 and recommend to stagger bids to the lower end as well. The double bottom inside the the green box will confirm a new support. I expect a bounce off this level back up towards the layers of resistance at T1 of 141 and T2 of 166. Daily resistance block will be holding a large number of sellers as the markets enters back into a bear territory. Possible Entries: 100-110
KRAKEN:ETHUSD
by altchicasignals
1
ETHUSD formed bullish Shark | Upto 123% bullish move expected Priceline 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: 188.73 to 141.31 Sell between: 226.06 to 316.19 Regards, Atif Akbar (moon333) Buy between: 188.73 to 141.31 Sell between: 226.06 to 316.19
BITSTAMP:ETHUSDLong
by moon333
Ethereum (ETH) Price Prediction 2020 | Complete Long Term AnalysOn Jan 2020 I posted an article where I revealed that the Ethereum has formed a very big bullish harmonic Shark pattern on 2 week chart and the priceline was entered in potential reversal zone of this bullish Shark and it was suppose to take bullish divergence from this PRZ level. The price action was expected to produce between 59% upto 123% and the price action took bullish divergence from this potential reversal zone and so far it has generated more than 96% profit and at this time the price action of Ethereum is entered in Fibonacci projection area of C to D leg as I predicted. Ichimoku Cloud Turned Bullis: Up to week chart the Ichimoku cloud is turned bullish at this time on this week chart the lagging span has crossed up the priceline and that is very bullish indication specially on week chart. Candle sticks are crossing up the conversion and base line and also crossing bullish cloud once these crosses up will be completed the it will be difficult for the priceline to make a reverse move and cross down the cloud and conversion and base lines, in the meanwhile conversion line is crossing up the base line just below the priceline of Ethereum once this bull cross will be completed the cloud which is again reversed bearish at the moment it will be tunred back bullish. Indicators And Oscillators: If we see even on 2 week long term chart then it can be clearly observed that all important indicators and oscillators are turned bullish like the stochastic has given bull cross from oversold zone and we have received this bull cross after Dec 2018. The moving average convergence divergence (MACD) is turned strong bullish after Jun 2019 and chop zone is also turned bullish after Jun 2019 these indicators are clearly showing that the trend is being changed in favors of bulls now. Moving Averages: If we see the movement of simple moving averages with time period of 50 and 200 on week chart then it can be observed that the price action has almost crossed up the 50 simple moving average and fighting the strong resistance of 200 SMA (in black), once the price action will be successful to cross up then it can easily breakout the long term price resistance at $310.97 here one more thing is in favor of this breakout that the momentum is also completed shifted to bulls as there can be seen 1st strong bullish bar in momentum indicator after Jul 2019. Once this resistance will be broken out then the price action may move to break or hit the next long term resistance at $742.28. This is a long term analysis there can be many other resistances on short term charts that I am not discussing this time this is a long term perspective post. I will keep posting more updates on Ethereum when I will find more developments.
KRAKEN:ETHUSDLong
by moon333
3
Don't miss the great buy opportunity in ETHUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (238.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETHUSD is in a Uptrend and the Continuation of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 80. Take Profits: TP1= @ 275.30 TP2= @ 319.45 TP3= @ 362.75 SL= Break below S2
BITSTAMP:ETHUSDLong
by ForecastCity
20
ETHEREUM - TODAY - MARKET UPDATE - 11/15/2019ETH slipped beneath 180.71, dismissing the wave (Y) triangle, and the decline is likely to continue toward the highlighted target area. Potential downside targets lie at 173.46, 170.76 and 163.67. That area includes where wave will retrace 61.8% of the wave advance. A zigzag unfolding for wave (Y) is expected to at least test the 173.86 lowm to complete wave ** ** A breach of 189.31 will give us reason to consider alternate wave scenarios and the possibility that wave Keep you updated as this price evolves. We go together Together we are stronger Share and like I am not Bearish long term. I am a Bull of Bulls. Thanks God bless you! =============================================================================== **BlackMEX PRO Traders - PREMIUM** We are a BITMEX specialized channel. Our philosophy focuses on capital preservation and good risk/return operations. We'll share our analysis, calls, and share studies that can help you be a better trader. Enjoy! ** 2 weeks free sign up Telegram > t.me =============================================================================== Twitter > twitter.com ===============================================================================
BITMEX:ETHUSD.PLong
by ferGOD