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. :)
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May 25 - ETHUSD daily chart about SHS formation
Etherium
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.
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.
ETH - ShortETH is looking prime for a short entry soon. With ETC being listed on Coinbase, EOS and others...all popping up as competition and every corporation making their own block chains... ETH may be in for some market shrinkage. Plus BTC moving lower ... Lowest green box may seem radical ... but maybe?
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.
#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
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.
ETHUSD - rising wedgeThe price is currently trading within a rising wedge, it is very likely that the price would breakout the support of this rising wedge. The RSI is in a position that supports a downward move and if the price does start to move down from here the next major support is at around $364. I would keep everyone updated on my findings on this pair.
ETHUSD : Analysis about risingETHUSD H4 chart
As you can see, the indikators are positive. Upward motion can be expected to continue.
First price target 700usd - 720usd range
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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ETHUSD : Jamming to price movements Price between 540 - 590 stuck
610 significant resistance above
Below the red support line, the blue major support line
***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 .
Etherium - Buy Opportunity - 17% ROI - 7:1 Risk/RewardI have a feeling that ETHUSD is about to breakout. Leaning towards an upside move so will be using a STOP-LIMIT order.
Valid breakout pattern
Tightening into a consolidation zone
Excellent risk to reward ratio
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
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.
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 .
$eth:usd 4HR testing levels likely to continue falling COINBASE:ETHUSD Keeps tickling my horizontal levels with the continued selling pressure it is likely to fall into the lower level. On the long term I am long on this coin, due to btc dumping and selling pressure increasing I am short term short.
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.
ETHUSD Horizontal outflow channel in falling trend - SHORTHorizontal outflow channel in falling trend on M15 chart
SELL for short-term traders
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
PS make sure you give me a like, If you like this analysis ....
$STRAT:BTC fell under my trend lines on the 4HRBINANCE:STRATBTC fell below the support line I made for it (not that it means much), this coin has been heavily swing traded since I began watching it post ICO. A decent entry point may reveal itself in the coming days I'm overall long on this coin.
BINANCE:STRATETH