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Etherium

ETHUSD More Downside To Follow But When Will It Stop?Hi Guys, In this analysis, I will share my opinion on ETHUSD. This may not be so technical rather I want to explain what I think can happen. Now, ETHUSD is moving lower very significantly, and many traders think that the "hype" is gone. However, I think there is a pretty good chance, structure wise to revisit the low of 357.87 with a big spike lower, followed by a massive rally. Why? because the 357.87 is a significant swing low and many traders may think that when that area breaks ETHUSD is going to crash to 50 or lower. But I think that there is a good chance for ETHUSD to rally after revisiting that area based on the sentiment cycle: How? Simple, ETHUSD can just become a big flat pattern shown in the chart. Anyway, bookmark this analysis and we will see what will happen. As the short-term time frame is concerned I am expecting way more downside. Hope this helps.
BITFINEX:ETHUSDShort
by TradeFxTrends
Observing the largest of trends-THE WEEKLY Trend on ETH for 18´ Step by step detailed t.a, on Etherium medium, to medium-long term. Etherium has done so far very well in 2018, major rally from approx. 198 to more than 1400. But ever since these heights were reached, etherium is seeing fairly lower and lower volume(as noted on the graph). Following from this, from Elliott waves, as expected, a correction in the form of the larger fractal was completed, with a bottom of 358(C), and a breakout on (D), going as far as 838. 1. Since 838, etherium has been in a correction, forming a smaller fractal(current bottom 450). Although, right now it's somewhat holding this bottom very nicely, it is getting closer and closer to the Ichimoku cloud. Using Ichimoku as a primary indicator, and with a very basic approach, it can be seen that there is a switch in the Kumo(In red, indicating a bearish segment), and if the pattern breaks down through the cloud, as pointed out on the graph, that would mean that etherium would be entering a bearish market(from Ichimoku cloud theory, pattern>cloud=price follows a bear market). In such case, I can see the price primarily go to 200 as the initially bottom, followed by somewhat of a bounce, and deciding what to do next, which would be too early to be analysed at this point. 2. Etherium has also been trading bellow the 50 week average, as well as the 21 period moving average. By itself 21 period moving average, is somewhat of an momentum/directional indicator, and consistently trading(few periods bellow it) as etherium has done, can be interpreted as the price being negatively affected by the momentum/having a downward directional tension. Analysis on the MACD, as it can be seen is that, on the rally to 838, etherium tried to break through and intersect above the supply line, however that didn't happen, and since the intersection after the major rally to 1423, what can be said is that sellers have been in control ever since, up until now. On the other hand, RSI, at the present point is pretty neutral, hence somewhat meaningless as well. 3.Overall, with the ICO(Initial coin offering) bubble which has been somewhat speculated in the last months, to finally burst, and this being the key factors for etherium's demand and valuation, coupled with the recent economic news from the global markets, as it stands now Etherium is by no means a done and mature product, and these factors could have a considerable effect on the price in the following period. Not to mention, almost all of the crypto market follows bitcoin as sort of an "index" market measurement, and if BTC breaks bellow 6000, I can hardly see Etherium not following the same footsteps as bitcoin. Personal note: I'd only see myself shorting ETH, if this week or next week, ETH breaks the downward trend line of the fractal(Green arrow drawn on the graph). Major move expected in July. Prior to entry, I might do a daily t.a. as well. Disclaimer: //This is not a buy or a sell signal, you decide what to do with your own money!// If you liked my take on etherium or other markets, give it an agree, share or follow for more well-detailed analysis, cheers!
BITFINEX:ETHUSDLong
by step_ahead_ofthemarket
2
ETH weak on the daily, but forming a bullish fractal+++!As I mentioned in the previous ETH T.A that I did, prior to entering I'll do a daily t.a, and here it is. Just in short key points: -ETH tried to breakout on D, instead formed a bearish wick, and had a pretty touch rejection around 540-550. -Today ETH looks, pretty weak, and over the next few days I could see a possible entry around 380-410 depending on the state of the market, with a stoploss at 350-360(previous low). >>>>0.88 ret support at 415, 0.93 ret support at 388-392(depending on how precise are the decimals counted in)<<<<<< -If ETH breaks bellow the previous lower(bearish scenario), the next price I'd be looking to buy into would be around 200.(from my previous in greater detail T.A, this is just a short follow up) Disclaimer: //This is not a buy or sell sign, you decide what to do with your own money!!// If you liked my take on etherium and/or other markets, comment,agree or follow for more interesting T.As', much appreciated, cheers!
BITFINEX:ETHUSDShort
by step_ahead_ofthemarket
ETHUSD falling analysis, support and resistanceETHUSD daily chart/// I have already told you my idea that the downward trend has not ended. And I've published graphics about it. The price is currently standing in the support zone in early 2017 The purple lines are trend lines and the red one is our most important support point You can see other support and resistances in the chart ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me . May 25 - ETHUSD daily chart about SHS formation
BITFINEX:ETHUSD
by KasaDairesi
Etherium testing daily trend lineEtherium is looking nasty. Price has poked through and is now testing the DAILY trend line. Given the weak nature of the rally from the last re-test of this trend line, I'm expecting another break and close below. Targets are the 1.272% and 1.618% FIB extension should a break occur. If this really is the trigger point of the daily breakout pattern, the projected target is $23. Yep, you did read that correctly! Use limit order for entry method to catch the break below. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Short
by hedgewithcrypto
2
Bearflag on Etherium ClassicLooking at the hIgher timeframe on Etherium Classic, we can see a BEAR FLAG is starting to form. I'm looking for a swift clean break to the downside with Target 1 at the 1.272% Fib extension and a 1.618% FIB extension. I will be using a STOP LIMIT order to catch the fall. This trade does rely on how Bitcoin -1.00% reacts over the weekend of course. But with the downtrend still in play, there is no real reason to be buying - unless your very good at picking tops/bottoms. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:ETCUSDShort
by hedgewithcrypto
ETHUSD Short Term Elliott Wave AnalysisHello Traders, With the recent break below 05/28/18 low (490.42), Ethereum is now showing a 5 swing incomplete sequence to the downside from 05/06/18 peak, targeting lower levels. The cryptocurrency ended the cycle from 05/06/18 peak (840.70) as a zig-zag structure at 05/28/18 low (490.42) in black wave ((W)). Internal blue wave (A) ended at 05/07/18 low (685.71) and blue wave (B) ended at 05/14/18 peak (744.45). Below from there, it ended internal red wave 1 at 05/16/18 low (643.76), red wave 2 at 05/20/18 peak (723.86) and red wave 3 at 05/24/18 low (537.72). Up from there, it ended red wave 4 at 05/25/18 peak (615.53) followed by another extension lower in red wave 5 to complete the zig-zag correction in black wave ((W)) at 05/28/18 low (490.42). Up from 05/28/18 low (490.42), it ended black wave ((X)) connector at the peak of 06/03/18 (630.02). Below from there, it ended internal red wave 1 at 06/05/18 low (573.57), red wave 2 at 06/07/18 peak (617.06) and red wave 3 at 06/10/18 low (495). Up from there, it ended red wave 4 at 06/12/18 peak (544.58) followed by an extension lower in red wave 5 to complete a 5 waves impulsive structure from 06/03/18 (630.02) peak in blue wave (A) at 06/13/18 low (449.26). As long as the price stays above blue wave (A) (449.26), it should correct the cycle from 06/03/18 peak in 3, 7 or 11 swings higher before another extension lower should be seen.
BITFINEX:ETHUSD
by Elliottwave-Forecast
1
#ETHUSD Can See $680 Levels In Near Term - 4 Hour Chart UpdateETHUSD has been moving nicely higher since my last update on it --> So if anybody got it, you should be doing well. Currently, ETHUSD has broken the important falling trendline to the upside which could indicate more strength overall. However, I am now looking at 2 potential possibilities EHTUSD can do. First one will be the more corrective nature. Markets tend to retest the broken trendlines first before they start taking off. So it can be the case that ETUSD goes for a deeper correction into the 50% Retracement area first before turning higher. The second possibility will be a direct breakout higher. If it takes the short-term trendline to the upside without making a new low below 574.82. I am expecting EHTUSD to rally to at least the areas of 665.36 and even higher before it should pullback. At this stage, it does not really matter which path it takes to be honest because either way, I am expecting more upside. Hope this helps and I wish you all a nice weekend. Cheers
BITFINEX:ETHUSDLong
by TradeFxTrends
Technical Analysis of Etherium (ETHBTC)1)Etherium is taking support at the 50% Fib. Retracement as well as on the short term uptrend line. 2)It will again try to break the 38.2% Fib Retracement level which will act as immediate ressistance and once it doesn , the next resistance is at 0.094096 BTC. 3)Once it crooses 0.094096, the next major resistance will be 0.123277 btc. 4)On the downside, if the minor uptrend line breaks,it may test 0.066103 btc level then the next support will be 0.054139 btc level.
Long
by sumeet007
ETHUSD - Downside Risk Can Be Limited!Good evening Traders, Like I have been warning you guys of a potential head and shoulders pattern in ETHUSD. It got confirmed with the break below the neckline. --> So I am expecting now more downside to follow the areas mentioned above. From there it should give us a bounce higher. That area will be the completion of the head and shoulders pattern. So a recovery can be seen higher. Lets see. This view will be invalid once it breaks 355.93 low. Disclaimer : Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:ETHUSDShort
by TradeFxTrends
ETHBTC support - resistance and price directionETHBTC Daily Chart I think, it'll try the bottom support line (blue line) again. If the support breaks down it may fall to red support If break up the trend line, it move to a new hill ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
by KasaDairesi
Etherium Analysis [UPDATE 23-05-2018]After a shaky start, we have reached our profit taking area on ETHUSD as expected. This was a 3:1 trade with a 14% ROI and therefore taken partial profits. Where to next? I would anticipate profit taking to take place now and see a retracement. A likely place would be a re-test of the previous consolidation zone around the $690 to $705 area, which is also the neckline of the head and shoulders pattern. Yes, this is not a traditional neckline for a head and shoulders pattern, but that's a explanation for another day. Let's just say you will be in a position before the "traditional" head and shoulders traders and able to move to break-even sooner. With projected profit targets still on the table, entering a short trade from this consolidation zone would offer a very good risk to reward (4:1) and ROI. The next profit zone for ETHUSD is $524 . This is the projected target of the head and shoulders pattern. There is confluence at this area which resides just above a previous consolidation zone (origin of a breakout pattern where demand exceeded supply) and the 61.8% retracement of the move from the April lows ($355) to beginning of May highs ($840). As the overall crypto market is in a down trend, we must assume selling pressure is to remain. A solid break of the consolidation zone between $715 and $730 would result in a re-evaluation of the bearish assessment. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Short
by hedgewithcrypto