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Etherium

Ethereum. What shall we do and who is to blame? The share of bitcoin in the total capitalization of the market has peaked since the beginning of the year, and equals 58 percent at the moment. Meanwhile, altcoins keep on storming their minimum values in search for bottom. And Ethereum is rushing into the unknown ahead of the whole planet, ignoring any encouraging comments about cryptocurrencies. The epoch of weak altcoins will last at least until the index of dominance updates to the level of 62-65%. Then, 68% will be the last milestone on the way to a total eclipse of the era of altcoins, and Bitcoin will not be able to pass it very easily. In case it happens, only the top-10 old-timer dinosaurs of the altcoin population will come to life. All sorts of scary stories that the fate of dot-coms will repeat, as cryptocurrencies have already jumped ahead of them having fallen by 80% since the beginning of the year, making market actors' hair stand on end, are bearing fruit. Faith is bleeding off the heart. Even some market actors add fuel to the controversy. For instance, Vitalik Buterin has recently said that the cryptocurrency market will no longer seek to new capital inflows, since making fuss over this topic was aimed at drawing attention to the blockchain technology itself. Coins, endlessly growing after certain news, have become a simple example of how technology can be introduced into everyday life, combining virtual and material worlds. As for the price of his own token, he has spoken very ambiguously. The general idea is that Vitalik is very skeptical about the growth, and his opinion affects the morale of the market. News agencies misrepresent the words of the Ethereum founder in their own way. We can interpret Vitalik's degrading mood in various manners, but we can see the following in the current situation. Ethereum developers agreed to lower the reward for miners to 2 ETH this autumn, while the Proof-of-stake algorithm was delayed for 12 months. Since a lot of people and companies are involved in mining Ethereum, the drop in its rate may be artificial. This drop is aimed at driving as many participants out of the mining market as possible, so that then, when the reward for solving a block decreases, the mining of Ethereum will be profitable. Most likely, in conditions of a reduced reward, the market will look for a new balance point of the cost by supporting the growth of the token exchange value. Such support can be lent by manufacturers of mining hardware. In the future, the reward for mining will keep on decreasing, which may similarly affect the cost. The current situation shows that, the trend to decline has not been broken yet, regardless of the reasons. The technical picture is very peculiar. There is an evident divergence, and any attempt to settle above 0.032 can enforce the impulse. But in this case, even the target of moving towards 0.036 looks fantastic, and it does not make sense to take a lead of it. The first signal for the reversal will already be at the end of a bounce from the support point, or when forming a full reversal pattern in the form of a double bottom or a candle pattern. If we have a look at the ETH/USD chart, everything here is pessimistic too. If we look at the token chart in detail, we will see a pattern of continuation of the trend, protracted from the previous decline. The timing of consolidation has obviously decreased in time, which demonstrates that the buyers are more likely to leave the market than to enter it. Most likely, there will be an even more powerful upsell. A bounce to 224 is not impossible, and the decline may continue afterwards. Based on the continuing trend pattern observed on the chart, we can see that the price is in the middle of the impulse at the moment, and, having preliminary tested out the level of $150, it will continue to decline towards $113. It is likely that the cost of an Ethereum token will decrease faster than Bitcoin. It will be like this until the mentioned levels reach the targets of token decrease, and simultaneously reach the dominance index of 62, 65 and 68 values, and the cost of bitcoin of 5800, 5300 and 4800, respectively. It is ahead of the game to enter the coin before these values are achieved. At least, until the token gives an explicit signal for a reversal. In the current situation, it is better to wait out the market decline in Bitcoin, Stable Coin, or, if you are very conservative, in Fiat. Globally, we will be able to talk about the reversal only if the downstream channel breaks out, but a breakout is not enough. The signal to enter the position comes in when a pattern is triggered. When coming to the consolidation zone 275, the upward movement is likely to resume with the target of 450. If this movement coincides with the matropattern, it is better to move out when the smaller value is reached. On a global scale, we are expecting the growth. But we are still within a falling trend, and there are no visible signs of a reversal. As much as you'd like to buy an asset which has gone 85% down in value, the fact that it is cheap is not enough. It is September 2018, and if you think it is cheap, remember, that it can be even cheaper! We do not want to guess about the reversal moment, so, we will publish the signal to a reversal in an update of the idea. BeNice Team keeps a close eye on the outcome of this situation and keeps its finger on the pulse, ready to give a well-timed signal to act! Subscribe and do not miss the crucial moment! Ethereum is going to show itself!
BINANCE:ETHUSDShort
by benice_trader
12
[ETH-USD] CRASHING MORE! WILL ETHERIUM SURVIVE IN 2019 ?Etherium has been continously diving for a long time now in this bear market of 2018. It is no longer the preferred token/coin to hold for ICO's. Especially this entire year. Etherium use to be the holy grail next to Bitcoin. Now it seems it just has lost all the fame and respect many gave it just months ago. So the million dollar questions is will Etherium survive in 2019 ? Leave your comments below, and don't forget to give me a like if you learned anything on this TA. PS. This is not financial advice. You must perform your own TA and be responsible for your own actions when it comes to trading and investing in the cryptocurrency market. Thanks ,CrytoholicTraders
COINBASE:BTCUSD
by CryptoBuzzAnalyst
2
Inv. H&S Pattern on EtheriumSorry for the late notice, but I've only just seen the inverse head & shoulders pattern on Etherium versus the Dollar. The neckline is sloping which generally leads to a better breakout performance. In addition, volume is decreasing which is also a good sign. A measured move from the the breakout origin at Point (C) targets the $479 area - Point (D). Use a STOP-LIMIT order and place stops below the RHS once an entry position is triggered. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Long
by hedgewithcrypto
BTC - ETH - Yes... even good TA suggests new bottom coming...The manipulators have been very careful this month... Natural market forces predominate... and the price we are at today makes sense. Yes, markets in alt coins are expected to be repressed during the summer time. All this will change when new money enters the market.. which is already starting to happen. We need to be watching for fundamental market 'wins' in August; specifically approval of ETFs by the SEC.. followed by institutional investors who start to use the new custodian solutions; like those offered by Coinbase. The big optimism is coming for the last quarter in 2018, with a glimmer of hope starting September.
KRAKEN:ETHUSDShort
by TradeClass
16
Etherium testing supply zoneWe have seen strength today in the crypto markets, including Etherium versus the Dollar. You will note that Bitcoin and many other alt coins are forming a rising wedge formation. This is a bearish chart pattern. Etherium in particular has just made a high high, yet a lower low on the RSI indicator. This is also bearish signal. Volume has also been decreasing, indicating the last move higher is quickly losing momentum. With the higher time frame supply zone shaded in yellow, it is probable that we will see strong selling pressure. Trade targets are shown. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Short
by hedgewithcrypto
2
XRPETH - trade in volumes zoneFriends, good afternoon. Today the day began without major market movements. Analysts of our company and I chose the safest trading assets and decided to share one of the ideas with you. There are a lot of money in the market, so everyone will have enough. We decided to pay attention to the crypto-currency pair XRPETH . Movement on it is relatively calm, against a background of calm and moderate market. Therefore, trading from the levels should all bring the expected result. As we see, the price rested in the lower zone of resistance and it certainly does not want to pierce it. There are no volumes in that zone, so it is better to trade in a high-volume zone. Therefore, we believe that the price, within a few days, will go to 0.00106651. Stop can be set in the zone 0.00097859. A trip to the stop should not be expected, so we hope for a good profit. If you want to receive more profitable bargainings, welcome to the site cdlcrypto.com. All registered users receive the freshest trading ideas from analysts of our company :) All good day and profitable trade!
by CDLCrypto-EN
Etherium breaking down?Etherium has broken out of a rising wedge pattern on the 1-4 hr timeframes. With this in mind, I'm looking for another short entry trade on the lower timeframes for a trend continuation play. We can see price is now in a falling wedge structure and expect another drop before a possible breakout. This presents a great trade opportunity with the overall trend with a favorable risk to reward ratio. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Short
by hedgewithcrypto
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BITFINEX:ETHUSD
by fxstargroup
ETH Morning Update 29/06/18,Heavily manipulated or just bearish?How confusing ETH/the whole crypto market can be these days? Personally imo*, and by the way it looks for now, this is highly likely to be a falling wedge(I repeat HIGHLY likely!). This would be a good long shot at ETH, with a possible stop-loss, if and only if the bottom channel of the Falling wedge is decisively broken(Great risk/reward shot here). Why would this be highly unlikely? Due to the number of times in the past few weeks, ETH has been respecting the said channel(red rectangle areas). I do think however, that this is a typical whale play in order to tap out/Stop-loss all the weak hands, before the price can move up. The current channel that the price is moving in(unless there's a breakout on D-the falling peaks pattern drawn on the graph), it just does not make sense that Etherium , would move more down and follow the falling wedge bottom channel because it would take quite a long time to reach the next ret/support 0.93 at 388. And this would just be a falling wedge inside a falling wedge, which should have a massively bullish outcome. Pair this with the recent uptrend in the BTCUSDLONGS , and the fact that etherium has been in the past few month alwaays a step ahead of btc , I'm definitely long this time on etherium- playing in for the bull trap. Overall, if the week ends with a green candle(above 454), I'd see a good probability of a bullish reversal and a breakout out of the falling wedge(Targets 586/714). This market is not dead, yet. Do comment your thoughts, additions or critics, as this is quite a critical time for etherium. -Happy trading folks- . . . . Disclaimer: //This is not a buy or a sell sign, you decide what to do with your own money!// If you liked my take on etherium, or other markets, agree or follow for more interesting ideas, it's all very much appreciated, cheers!
BITFINEX:ETHUSDLong
by step_ahead_ofthemarket
3
ETH futureAll in all, overhead resistance is very strong. It needs time and right setup to pierce through. But you can see that 367 level is very an important level and should bounce back to pivot at 536 where coincides with the overhead resistance. This formation is also known as the bearish flag which will turn into another bearish move down to former resistance level. After enough time passed on the low side, it can pierce through the overhead resistance in a head and shoulder pattern.
BITFINEX:ETHUSDShort
by mkanik
Eth looking opportunistic, 5 waves down, correction complete!Just a short midnight update. There isn't much to be said. Fairly oversold, it just entered the 0.78 ret support zone and bounced back. 5 wave correction complete, stop loss 420 for now looking good. Forming a reversal pattern of a falling wedge, expecting some liquidity to enter the market this week or the next one. The same goes for bitcoin. //Disclaimer this is not a buy or sell sign, you decide what to do with your own money!!//
BITFINEX:ETHUSDLong
by step_ahead_ofthemarket
2