Get started

Etherium

Ethereum Ready For A Bigger Correction?Hello Traders, As we also published a bitcoin daily chart, we wanted to share also the ethereum daily chart. We expected ethereum to reach the $396.24. Now, we are expecting a bigger correction as long as it stays below 396.24 (Invalidation level). When it breaks 396.24 we need to readjust our view! We won’t be surprised when ethereum corrects to the 50% Fibonacci retracement which comes at around 212. Our Intermarket analysis is indicating currently that ethereum has a potential to correct the $0 line, which basically means that it can correct from $0, 38.2% or more. Obviously, we don’t know whether it makes a bigger correction or not, BUT our intermarket analysis is indicating it, so we won’t take any long position at this stage anymore, as we made good money last month. We don’t like selling it we will be now on the sideline. Hope that helps Cheers
COINBASE:ETHUSDLong
by secrets2trade
Pennant brings us a BOOM, but in which way?THE IDEA: Time to LONG etherium till 314$. Deadline 06.08.2017. REASONS: Now the market is in a tight squeeze and I expect a BOOM afterwards. A BOOM can be in two directions. Therefore in such cases I close my positions and wait to see what will happen next (Pennant Strategy). In this case it is different. I feel that the BOOM will be up, because of 2 things. First, correction (the fall) is complete. And second ETH survived a massive theft. ANALYSIS: I expect ETH/BTC to go around 0.1. And BTC/USD to go around 2364$. Therefore I check 0.1 * 2364 = 236.4 for ETH/USD. And when I look at the chart 236$ looks nice and achievable. Because of pennant strategy, I look at momentum tops of Awesome (AO) and conclude that the direction is LONG. Safe target is 236$. Once target is achieved, the market may twist (however, I expect a continue on rise). STRATEGY: Watch it to reach 236$ and then look for more improvements. If it is going up keep your positions, if the twist signal is shown, close it and enjoy profit. Cheers.
ELong
by Chadetov
4