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Etherum

Etherum (ETHBTC) A New Cycle on the DAILY (Signals & Indicators) We just looked at Etherum (ETHBTC) on the weekly time frame. Now, let's take a look at the daily and see what signals we can spot there. Here, we can spot some of the signals we spotted on the weekly time frame but more detailed... Let's take a look: The candle that hit the Nov. 2017 low, with a #6 on top, is a hammer. A hammer is a candlestick that is considered bullish when it shows up at the bottom of a trend. The next day after this candlestick we have a huge green candle with huge volume. The biggest volume ETHBTC has been on the daily since January. Consolidation after that has been really strong, and we have a bullish crossover on the MACD, yet it still needs to move further up. The signal is there, it just isn't strong enough. We are bouncing from RSI oversold and the volume keeps on building... Now trading above EMA10 which is the light blue line on the chart. A few more days... and we might see Etherum doing another push up all the way to EMA50 (magenta line), that's over 25% increase from current price, we can see this happen in a matter of weeks or days... I am just listing some signals that I am getting from the charts. This no advice to trade. This is done by request by my supporters, for your own learning and entertainment... For more, feel free to like, share, comment and offer your support. Namaste. P.S. Make sure to visit my profile and check all of my other trades.
by AlanSantana
6
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
ETHBTC showing bullish potentialDuring the selloff in crypto the last 24h, ETH have been one of the biggest bleeders. All year, we have all been waiting for the triangle bounce, BUT something happened yesterday. ETHBTC broke the triangle trend most people have been watching for the last year almost without caring. With ETH crashing down I started to adjust the lines a little, and I found a new trendline which is a tiny bit different from the original we was watching. This line seems to be holding well, but it's not sitting there alone! In Yellow on the chart we got the triangle with the bottom triangle trend I was talking about. In Purple we got the falling wedge (bullish), and in Cyan we have the strong horizontal trend we have been testing several times in the past. You see the thing they have in common? They intersect at the same spot, the spot ETHBTC bounced. MACD is showing it's own triangle breakout in bullish direction, RSI haven't been this oversold in ages and the RSI bounced at the exact same spot as last time we went this low. See the horizontal line drawn on the RSI. I'm hoping as people see all these trends, bullish momentum will return. Feel free to share this with everyone you think could find this interesting. Votes and comments is much appreciated. Take care and don't force trades.
Long
by Pineapple1k
1
DOGE! SHOW MUST GO ON! LONGDOGE has been rallying since yesterday and made an impressive +30% gain this week. Meanwhile, BTC has only +6%. DOGE is the only double-digit gainer among all cryptos, and it's understandable since it was added to the most popular trading app Robinhood , but the real reason for rally is an announcement of Etherum-DOGE collaboration which should occur on September 5 It will be a smart-contract and will be called " Dogethereum " So, this rally is an accumulation before the big move on September 5. ethereumworldnews.com cryptoglobalist.com You could notice that DOGE disconnected from BTC and went up, while BTC went down. This is a very rare occasion for the crypto world and means that crowd is super bullish. ATM, it painted a symmetrical triangle which is a continuation pattern during the uptrend. Breaking 0.0032 should be explosive. Get this little guy while it's cheap //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BITTREX:DOGEUSDLong
by LanaFL
3
CBOE Announces Ethereum Futures Is Coming Soon...Ethereum has been struggling to gain any momentum since the start of the year. It had a 57% rally in April, but it has been all down hill ever since. There are issues with scaling. There are issues with mining. There are issues with ICO's panicing. However, today the CBOE announced that they will have a Futures market coming very soon for Ether. There's a lot of controversy around the futures market and crypto as many of you know. When the futures market was released for Bitcoin, the price has done nothing but go down from it's all time high at $20,000. Let's do a break down of what to look for. We can see that the fib levels are very respected on the monthly chart. It had a very strong bounce previously on the .786 and in April had wick to the .886 level. When we look at the RSI, we can see that a swing low pattern is forming along with a symmetrical triangle. I am expecting a break to the upside of the RSI as ETH hits the support level. ENTRIES: The Entry We are looking for is .038 - .039 with a stop below. A second entry can be on the .886 level from .024 to .025. Margin Longs are starting to climb again on Bitfinex, which could give us the catalyst for one more price drop to our entry zone. If we see the .786 break and the long term diagonal trendline break, we may see a longter term bear trend. I am working on a fractal I saw with Ethereum, but I'm not finished with my analysis yet. Make sure you like this chart if it helped you and I'll be posting more analysis soon.
Long
by jacobcanfield
BTC QUICK UPDATE! RISING FLAGHi, folks! I didn't post anything for a while, because previous targets remain intact and there is not to much I can add. However, some traders got tired from the downtrend, that's why they forcing the trades trying to call this a bottom. As you can see, RSI currently ~50 remaining neutral for move in both ways, but BTC painted a big bearish flag which means that discounts are coming soon . Up to how far it will go, we can break the neckline oh the H&S that I discussed previously, and it may lead to not just discounts, but the real Black Friday ( The target of inverse this H&S is 3700 ) The area between 6050 and 7150 is a real no-trade zone(NO-NO!) You probably saw what happened yesterday with those who went long on pure FOMO disregarding TA. They got rekt and already under the water. Patience will be rewarded. Chears! //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSDShort
by LanaFL
7
Etherum Classic (ETC) Great Volume... Additional Bullish Action!Etherum Classic (ETCBTC) has shown huge gains since bouncing from bottom on 14th August @ 0.001714, reaching today as high as 0.002317 with huge volume building up. This can definitely mean the start of something. ETC is showing signs of additinoal bullish action coming. We have the biggest volume on the daily candle today of all time, on Binance, with the exception of the 12th June 2018. You can expect an additional 30% gain in the coming days/weeks, and even more additional bullish action if the cryptocurrency market turns green... Which seems to be the fact, since Bitcoin is preparing for a new wave up... Check the comment section for my latest Bitcoin Trade Idea. Thanks a lot for reading... Namaste.
by AlanSantana
15
ETH, I feel it,It's time to BUY,soon.Hi my friends, As you remember my last ETH Analyse i mentioned there that we will drop hard soon and i draw a H&S there that have target around 300 but we drop more and as i said we made a new low after ETH all time high.It's funny,last time that BTC made a new low in ETH we didn't have a same thing but this time before BTC even reach its last lows we made a new record in ETH.It's seems ETH's pride caused it to damage more. But i pretty sure that this lows won't stay very long and we are close to reversal. In chart i draw many blue lines that are ETH potential supports and i am sure it will bounce on one of these.I said this is but time in my title,maybe we go more down but nobody knows where is final destination and BTC next moves will change everything again but you have to be ready for buy ETH.Those who want it for a long term investment can buy it even sooner but short term traders need to wait and monitor BTC and ETH chart together for a creditable buy signal.In chart we have a similar situation like BTC.A important RSI zone,a broadening wedge.But in ETH chart i see a crash from my long term channel that is very dangerous,it mean in next BTC's move down we will have more vulnerability and emotional dump situation in ETH.So i suggest to be careful and if you want to enter trade don't forget a very very tight stop loss. I will update this idea soon. Good Luck Peyman A
BITFINEX:ETHUSD
by Peymana71
9
BTC UPDATE! POSSIBLE REVERSAL. THE DIAMOND AGAIN ON 1HHi, everyone! BTC is in the bearish channel for 14 days and we didn't have any significant bounces that often can be found during selloffs like this. This is understandable because the selling pressure is ridiculously high . During the last 24 hours price formed a Diamond pattern that we talk about and traded previously. Diamond is the reversal pattern and it might mean that this is a bottom of the right shoulder of so anticipated Inverse H&S . The Diamond pattern must be traded ONLY upon breakout , but again, we are in the downtrend channel, so, the breakout from the diamond can't be taken as a good confirmation. Confirmation for me, if after an upward breakout from the diamond we will break 6550 and escape from the channel. If so, 7500 and 7900 are expected to be tested. HOWEVER! Keep in mind that we failed to get out from the longtime downtrend and came back under resistance. This means, that you have to cut your appetite and don't expect anything higher than 7900 at least for now. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSD
by LanaFL
1
BTC UPDATE! H&S, 3700 ON THE TABLE. LET'S GO RIGHT SHOULDER? Hi, guys! BTC has literally 10 red days in a row, and there was no support on the way down that would make it bounce. Now, we approached the main support line that has been tested three times this year, and as we know, if support was tested 3 times, on forth it fails almost guaranteed. We all were waiting for Inverse H&S, but it doesn't look legit anymore, however, it still not canceled while we over 6k. Instead, we have left and right shoulder of H&S, and seems like we will drow the right one eventually. From one side, this is a scalping opportunity, but from another, it's can turn into DOOM for holders of BTC and Alts. We are about to have some breather, which will likely turn into the right shoulder. Watch for the volume confirmation. Measured target of this H&S is ~3750 which not just a legit target, but also, perfectly corresponding with a mean line: s22.postimg.cc Yes, 3700. There will be several spots that worth a try, as a green triangle that you can see at 5700, but this is the last that I personally going to try before mid 4k. I called 3500 a long ago, but this is the first time when it's real target as never before. Etherum has a target at 125, LTC at 48 even without H&S. Not many alt's will survive, so you have to make a design while BTC is over 5700. Be careful, and trade smart! //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSD
by LanaFL
7
BTC UPDATE! H&S ROUTE HAS BEEN TAKENHi! My concerns about a H&S in my previous post appeared to be reasonable. The neckline was broken, measured target at 6550. 7K trying to hold, but if broken, we will go down hard and fast. If the price will manage to get back to 7400 today, we still have some hope for the cancelation of the pattern but my SL was hit at 7499, and I'm not going to go back without strong confirmation. If you remember, the selling point was when it began to lose momentum and engulf and I hope you didn't miss it, so you can scoop more coins soon. Watch 6800-7000 for the bounce, but no FOMO, because dead cats bouncing to, so make sure it's alive before entry //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSD
by LanaFL
6
BTC UPDATE! Hi, everyone! BTC has 7 red days in a row, and after one day of consolidation have a two red dailys again. STOCH RSI oversold and trying to engulf, RSI not oversold yet, but very close. I expect some sideways between the downtrend line(connecting all last tops) and a new support line (green, connects A-C-E). Watch the price action after E, it will determine the direction for the next several weeks. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSD
by LanaFL
BTC UPDATE! FUD, H&S and MOMENT OF TRUTH! Hi, everyone! Yesterday BTC got under the pressure of FUD, and perfect set up has been messed up. 7200 was my point of no return, but we bounced from it, made a rising double bottom and heading up for now. But the problem is, that momentum was lost and we got under one more resistance that will hold BTC on the way up. It's between 7600 and 7700. The bullish scenario that I posted previously remains intact if we will manage to close this daily candle over 7450 and chances for that is really high because we are badly oversold. RSI and STOCH RSI made a double bottom, oversold, and pointing up. If we will go to that resistance ~7650, we should very carefully watch that level because if it will start to turn around at least a little bit - bears have a ground and 6380 can be on the table very soon because we have a big H&S with the target 6175 and neckline at 7265. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSD
by LanaFL
1