Etherium
ETHUSD Plenty still to be made, even if you missed Tuesdays callThose who followed our call from Tuesday are well in profit and due to bank some money soon. For those that missed out (or want to add some more its still possible).
ETHUSD has rallied nicely from November to early January (The first Orange arrow), then retraced until early February (The second Orange arrow). We love retracement it is healthy and show a market working well.
It has then bounced off a three prong area of support being the Blue line 662.98 Support, the 78.6 Fib retracement (Blue line overlaid) and our 200 ema (Green line). This area circled in yellow. It has immediately put in a strong buyers bar and pushed up. We are now well into the move (and soon banking profits from Tuesday) and I normally wouldn’t enter here. But we have just broken and retest the 20 and 50 ema and closed above. It’s a nice bullish sign. It is always a bit more risk buying this far up the leg, but on this occasion I will take the chance.
BUY 946 (high of yesterdays bar)
SL 776 conservative, or 890. Very aggressive (Bigger winner, more chance of losing)
Target Unofficial 995, it’s always good to come out before round numbers 1000 but this recently battered and will have lost some power
Target 1 1121
Target 2 1230
Target 3 1363
To make dollars your decisions have to make sense; We are entering well into the move up which increases possibility of loss. You need to decide if that suits your personality It’s a long way to Target 1, if you want to bank some early you are welcome to.
Ethereum is about to have a bad dayBlue: Resistance from Jan 29 onward.
Green: Major resistance formed by neckline, which has already been rejected recently.
Pink: EMA55: Dancing on a fine line with the EMA, and struggling to get above it.
Orange: EMA200 - Also, fighting to get above it.
Red: Most relevant support to watch. Quickly coming to the apex of the wedge formed by all support/resistance lines.
Light blue: Major support formed by inverse H&S already broken.
Yellow: Volume is in the gutter and down trending.
I don't see any saving grace for Ethereum right now. We are still in a bear trend, and the bulls do not have the volume to push out of this apex with massive upside resistance.
See previous analysis for where I think we are headed. We did break out of the rising wedge downward as predicted.
ETHUSD - capitulation imminent!This is my first chart published here. Privately, among a few other traders, I've been maligned for my bearishness since the holidays. I was calling for a healthy bias check of the overwhelming bullishness among small traders and adopters in the market.
As you can see, I've drawn up where there is showing support, but the bears are still very much in control of this market. ETH is still tied to BTCUSD's fate, but I still believe it will remain strong over the longterm, creating a wonderful buy in once our qualifiers are met. Right now, we don't want to catch this knife. I have seen $650 as the threshold to be crossed for capitulation and $500 is our despair floor. We can always go further, but we should see some good back and forth here for a bit.
Charts aren't everything. I look at them this way: Charts are Tarot Cards, in that there's a fair amount of chance/luck involved, but we are all looking at a similar set of cards. Along with news, great projects, sentiment, we can use charts to trade with a bit more confidence.
I'm just putting this out there. I am not a seasoned trader by any means. I traded options in '09 and '10, and am new to crypto, but I love the volatility. Loads of opportunity here once things settle down again.
Good luck out there.
ETHUSDDon't try to catch this falling knife. Since before new years I've been calling a correction in the midst of this outrageously bullish crypto community. Here we are. I'm looking to jump in on ETHUSD in the low 600s as BTCUSD looks to cross below 6.5k.
RSI indicators showing severely overbought, but due to overall sentiment, we could churn at these 600-900 levels for a while.
Lets see if 700,- holdsI'm currently on the sidelines after 1000,- broke and recent higher low around 1300, suggests more downside. Bollingers are also capping upside which usually means it will either stay for a while around the 700-900,- level before more upside or push it back to around 400,-
If you have a long bias I would be cautious jumping in here.
ETHEREUM (correction is continue)Hello Traders!
Very interesting moment! We opened short order, near of local invalidation 1274.37
Present time, waiting the breakthrough of local balance, then downtrend have to continue.
Target: 850.00
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ETHBTC All time high confirmed by Roger OliveiraFollowing my previous analysis a few months ago (check my other ideas) ETHBTC has followed my analysis perfectly.
And I see ETH passing BTC in marketcap in a few months, reaching then the TOP 1 coin.
Stock RSI............ reset... perfect!
RSI........... ok
CCI .......... ok
Hope you get profits!
ETHUSD long signalHi traders, after few weeks of market correction, I can see a buying opportunity on ETHUSD now.
Price came all the way down to 800 level to test the 0.618 Fibonacci as well as the 50MA. It then went sideways for some time and created series of higher high candlesticks. EMAs crossing over and 2 strong bullish close indicates that ETH is ready to go much higher. My target for Ethereum will be around 1800-2000 by the end of February. I will wait for some pullback on H4 timeframe to execute the trade. More information about this pair will be updated. Thanks for your time !
ETHEREUM (Uptrend to 1400.00 -1500.00)Hello Traders!
Very interesting moment! We opened buy order, near of local invalidation.
Present time, waiting the end of correction & buyers balance, then uptrend have to continue.
Please, do not open buy orders, at this moment! Very risking situation!
Best regards, team traders "Powerful Traders".
ETHEREUM - GLOBAL FORECAST 2018-2019yy.Hello Traders!
Glad to present 1variant of Ethereum cryptocoin priceaction.
We believe that the future price of this one will be near 1500.00 - 1700.00 for 2018y.
Obviously we can see 2000.00, but incredible 2600.00...)))
If you like ours EWA/EWP, then we'll show you 2-nd variant of approximately way of priceaction!
Please be aware that, trading craft is always risk!
Sincerely yours, team traders "Powerful Traders".
ETHLendETHLend looks very bullish to me. Just know there is a coin like that. It is very new and "FOR ME" it is a good coin.
Official website following:
ethlend.io
ETCETH - This looks like a classic textbook bottomETC has been hammered against ETH but here look like a 10X opportunity for contrarian investors. Volumes are low, no one interested so there is an opportunity to get in before others get interested. All minimum requirement for the diagonal triangle have been met. Looks like the low is already in place or it would form in the coming sessions. As with any low, the initial rally attempt is always weak so we could expect that but long there is a 10X potential here if it revisit ICO time high.
EOS IS READY FOR NEW ALL TIME HIGH BITFINEX:EOSUSD
Following the Elliot Wave principle and the Psychology of a Market Cycle
EOS is ready for a NEW wave with alot of potential for a nice move upwards.
You will EOS moving towards its all time high price, from there we have two different scenarios.
1. It will hit the price area of the latest all time high and pullback, but dont be afraid. After the pullback, you will see a VERY nice move BREAKING the high going long.
2. Price is moving towards the latest all time high and could just shoot past it. Either way, its going long.
BITFINEX:EOSUSD