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Ethforecast

ETHUSD - 1D Chart AnalysisAs we have mentioned on the previous post about Ethereum, the price has registered a bearish trend since the 10th of January, once it crossed and stabilized below the 20 days Moving Average, with it's daily range movements decreasing as well. Like before, the RSI and the Stochastic still have "oversold" positions and on top of this, we can also add the position of the price close to the lower standard deviation of the Bollinger Bands which is indicating the same possible "correction". But, as long as the MACD will stay below the Signal it is possible to see a continuation of the sideways movements, rather than a consistent price increase, with an attempt of "breaking" the level of 100$ in the following days.
BITFINEX:ETHUSD
by ReadBTC
ETHUSD - 1D Chart AnalysisSince the 10th of January, once the price has crossed the 20 days Moving Average and the Bearish trend on a daily chart has begun, the price of Ethereum has registered 12 consecutive days in which it has been moved sideways with an average daily movement of 11.2$. At this stage, it is traded below the Pivot Level (Average Price) of 125.53$ and it also had 2 consecutive failed attempts of finishing the day below the next support level of 116.65$. On top of this, the RSI and the Stochastic have "oversold" positions which in these circumstances can be interpreted as a continuation of the sideways movement, confirmed as well by the MACD which is still below the Signal. If the trading volumes will remain at the same level, we can consider 107$ as a possible target price for the following days.
BITFINEX:ETHUSD
by ReadBTC
ETHUSD - 1D Chart AnalysisBased on the market capitalization which has started to recover from the ground which was lost, the Ethereum also followed the rest of the coins and it's price has increased with 64.21% since the 14th of December (from 82.99$ to 136.28$). The bullish trend has "officially" started on the 18th of December, as soon as the price has crossed the 20 days Moving Average at the value of 109.49$ and in the meantime the price has also reached the upper standard deviation of the Bollinger Bands, meaning that the price got close to the "overbought" area. Looking to the other technical indicators we can see that the RSI is only 61, the Stochastics are above the level of 80 but there is no crossover yet and also the MACD is still above the Signal, meaning that there is still more room for the price to increase. In these circumstances, as long as the trading volumes will remain the same, the next level which can be considered a cautious target price for the following 1-2 days is the Resistance Level 2 at 146.19$.
BITFINEX:ETHUSD
by ReadBTC
ETHUSD - 1D Chart AnalysisOn the 14th of November, the Ethereum's price has started to decrease aggressively based on the massive sell-offs and it has also crossed the 20 days Moving Average, which from the technical perspective represented the beginning of a bearish trend. It's important to notice that this trend change has been clearly signaled by 2 technical indicators : * The "fast" line of the Stochastic has bounced back from the level of 55, showing a change of the price direction; * The MACD went below the Signal, confirming the trend which was about to start. Another important day was the 18th of December when the price has crossed back the 20 days Moving Average and the bullish trend has started. Like on the previous time, this crossover was signaled in advance by the same 2 technical indicators. Today, Ethereum is traded around the Pivot Level which represents the average price for this interval. But from the technical perspective, there are 4 reasons to consider a possible retrace of the price, as it follows : * The Stochastic has registered a "Crossover" on the 6th of January and the price has started to decrease slowly since then; * The MACD is about to go below the Signal, showing the possibility of another bearish trend to begin; * The trading volumes are decreasing; * Based on the principle according to which any aggressive "impulse" of the price is followed by a "correction" of around 45%, we can expect Ethereum to drop with another 32$. If this scenario will get caught off, we can consider a target price of around 120$ for the following days.
BITFINEX:ETHUSD
by ReadBTC
ETHEREUM - END OF ANOTHER MARKET CYCLE? WHAT TO EXPECT NOW?The market cycle which started in the late March- early April with accumulation, is now approaching it's end with the final markdown phase. Possible reversal may occur here. A new cycle can start here with a new accumulation phase with a plenty of upside potential. On the downside, if it continues to fall then i see a support somewhere around 0.0498. If it pierces southward to this, the last zone of defense lies in the range 0.0436-0.400. Beyond that, it's a free fall territory. For those who have no idea about market cycle, read on. The Four Phases of a Market Cycle 1. Accumulation Phase This phase occurs after the market has bottomed and the innovators (corporate insiders and a few value investors) and early adopters (smart money managers and experienced traders) begin to buy, figuring the worst is over. At this phase, valuations are very attractive, and general market sentiment is still bearish. In the accumulation phase, prices have flattened and for every seller throwing in the towel, someone is there to pick it up at a healthy discount. 2. Mark-Up Phase At this stage, the market has been stable for a while and is beginning to move higher. The early majority are getting on the bandwagon. This group includes technicians who, seeing the market is putting in higher lows and higher highs, recognize market direction and sentiment have changed. Media stories begin to discuss the possibility that the worst is over, but unemployment continues to rise, as do reports of layoffs in many sectors. As this phase matures, more investors jump on the bandwagon as fear of being in the market is supplanted by greed and the fear of being left out. As this phase begins to come to an end, the late majority jump in and market volumes begin to increase substantially. At this point, the greater fool theory prevails. Valuations climb well beyond historic norms, and logic and reason take a back seat to greed. While the late majority are getting in, the smart money and insiders are unloading. But as prices begin to level off, or as the rise slows down, those laggards who have been sitting on the sidelines see this as a buying opportunity and jump in en masse. Prices make one last parabolic move, known in technical analysis as a selling climax, when the largest gains in the shortest periods often occur. 3. Distribution Phase In the third phase of the market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Prices can often stay locked in a trading range that can last a few weeks or even months. When this phase is over, the market reverses direction. 4. Mark-Down Phase The fourth and final phase in the cycle is the most painful for those who still hold positions. Many hang on because their investment has fallen below what they paid for it, behaving like the pirate who falls overboard clutching a bar of gold, refusing to let go in the vain hope of being rescued. It is only when the market has plunged 50% or more that the laggards, many of whom bought during the distribution or early markdown phase, give up or capitulate. Unfortunately, this is a buy signal for early innovators and a sign that a bottom is imminent. But alas, it is new investors who will buy the depreciated investment during the next accumulation phase and enjoy the next mark-up. Timing A cycle can last anywhere from a few weeks to a number of years, depending on the market in question and the time horizon at which you are looking. A day trader using five-minute bars may see four or more complete cycles per day while, for a real estate investor, a cycle may last 18-20 years. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
ETHEREUM ( ETH/USD ) Latest Forecast - A Trade Worth PursuingGood day, traders! Please give me a moment to share my humble observation before we begin today's forecast on Ethereum. It is humorous to see so many bullish technical analysis on TradingView today. If you look back just a few days ago, everyone here was so sure that Bitcoin and Alts would capitulate while I was the only contrarian telling people otherwise. I certainly don't remember seeing any self-proclaimed "best of the best" authors posting any charts or analysis to help either. They just conveniently disappeared and occupied themselves with "other pressing matters" during the hard times. Now that the grass is green again, you see them popping up in the field like lilies after the rain. The only worth notable traders who consistently post good analysis when the going gets rough are people like TomProTrader, MarcPMarkets and HamadaMark. These are the people who are worth following and not those who mysteriously reappear when the trend is obvious. To my followers who were ridiculed and insulted simply by supporting me, please just ignore the trolls and haters next time. They are not worth your time. Alright, let's get on with the forecast. As you can see in the 4-hour chart, price is currently resting on the 30-day MA (red line) after breaching the rising wedge bearish pattern. It appears to be slowly moving up to test the 10-day MA (blue line) resistance level. Before we jump into conclusion, let us evaluate the situation from a technical standpoint. MACD looks bearish and RSI is slightly above 50 but could turn bearish any time. Stochastic is close but still not in the oversold region. Given all that, I think the correction may continue until price finds itself in the key support level. If it holds, we may see a bullish continuation with an upside target of $650 - $670. On the other hand, a breach below it would upset the bullish momentum. I think we are looking at a good risk/reward swing trade if you plan on starting one. ;) That’s all for now. Happy trading!
BITFINEX:ETHUSDLong
by cryptoezvip
21
ETHUSD is ready for a moon journey?Before the end of the year there will be a partial transfer to POS protocol. ETH will reach previous heights once it start work. ETH repeats chart of BTC in the long and in the short term, so if BTC according to our previous analysis succeed then ETH has a great chance to gain previous price height. According to the Technical Analysis, a triple convergence on indicators is shown on the daily timeframe. If price decrease continues then it is just a sign of further consolidation before rise. Moreover Fundamentals about POS transferring suggest that the Triangle will be broken upward and it will enhance growth speed
BITFINEX:ETHUSDLong
by Skyrexio
5
ETHEREUM (ETHUSD) - Bullish Movement. Next Target $765? LONG.! Welcome everyone, hope you all are doing well. Let us look into another trading opportunity. Ethereum, one of the oldest project in crypto scene, doesn't need any introduction. Let's look into the daily chart: INDICATORS: After touching the bottom of $358 on 1st April, ETH started a new uptrend and has been trying to gain some upward momentum. Moving Average is curving upwards which means Bullish movement. RSI is in 60-ish region which is again in favour of bulls. ADX and DI are giving Bullish signal. MACD line is already moving above signal line which means Buy opportunity. POSSIBLE TARGETS: $765 $891 $1016 $1195 $1424(Previous ATH) Also note that, BTC price movement will also affect ETH. So, keep an eye out. P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk. Those who wish to achieve greatness, never seek for permissions. They follow what their heart says, and do what their mind states! Good luck trading.! Peace.
BITFINEX:ETHUSDLong
by johntradingwick
3
How high are we going in ETHUSD?Position: Slightly Bullish. To be clear, I have been long since my martingale strategy worked out great and my average buy is at $533. If you are following me, I hope you got in and scooped up some of these prices as it fell and realized how effective employing a martingale strategy is. Were you panicking during the sell-off? I wasn't. Now we are in a great position to profit. The question at this point is: when do we get out? The first thing we need to realize is that we are in an overall bear market. Could this be the bottom? Possibly. But we made a lower low. A Significant one at that. Ether had a low of 600 and it broke it by roughly $130 to the downside and we need to take note of that. We also need to take note that we have had a solid rebound and push up and now we need to see where it heads. The 1st major point of resistance is 600. While I think it's going to break through it, depending on how it reacts will be critical. As long as we don't break below the 555-560ish level, we are in good shape for a pushup to at least the 675-700 level. Since I am a trader, I will be looking at this point to most likely get out of the market. At this point, we will have a lot of indicators converging on this area as resistance. What would ratify this more is if RSI shows divergence and MACD starts slowing down, but we won't know that until we are there and if it happens at all! Here is what we have going on which we can see: 1. 2 Trend lines converging on this area. 2. Fib resistance at the 50 fib area from the most recent peak 3. Resistance at this 700 level. Everyone has different TA , so we need to look for points that have a "confluence" of indicators that lots of people will look at. This 675-700 area is the first major one on the upside. Even though 600 is the TECHINCAL resistance after it broke that level to the downside, and it still could go down from here, I still think this 675 level will be the level to stop any sort of rebound IF it happens. All though we will watch this 600 level carefully, we will watch how it reacts even moreso to this 675-700 area. Happy Trading everyone. Don't stress, pick your points and don't use leverage. -Sherem Check out my last call with how I got my average buy at $533 -
BITSTAMP:ETHUSDLong
by Sherem
2
Are we going to break to the upside? Scenarios - ETHUSDChart update: We need 2 more things to happen to indicate a move to the upside. First, we need to break this short term trendline I put in green minor channel resistance at 525. 2. We need to break this 600 resistance zone. Once we break those we are will be targeting this 675-700 zone. The more I analyze, the more I like putting large orders down in the 300-350 area to play a bounce and not use stops on this trade. Trade save everyone, pick your points, don't stress and don't use leverage! -Sherem
BITSTAMP:ETHUSD
by Sherem
ETHBTC - A longer term view - Bullish potential ETH!I am having a look at Ethereum vs Bitcoin today, it is important in these kind of market conditions to stay on track with trends vs BTC. Even though we are still bearish on the longer term, as well as new short term bearish signals, I would just like to point out the possibility of a massive cup and handle. Like I always state, no formation has a 100% success rate and no trade is risk free. With that said we can also see what might be a bullish pennant on the handle of the cup, another bull signal on the longer term. On the flip side the bears are still in control and we might take a massive dip, what to look out for. The Cup and the Pennant trade idea will be void should prices fall below the handle, or the pennant. This is at 0.074, I would like to extent that zone to just below the 200 MA on the 1 Day chart, which is around 0.07 btc. This is also my support zone for the short term on the market, 0.07btc – 0.074btc. There is a possibility of a breakout should prices consolidate above 0.084. Please note breakout levels are not set in stone and change regularly. Feel free to discuss this trade idea with me in Discord . Safe trades.
by saintbitcoin