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ETHBTC Analysis 08/06/19Ethereum keeps struggling against the Bitcoin with no sign of any attempt by the buyers that would lead us to expect some relief in the near-term. The pair keeps diving toward new year lows, for now sitting at 0.019 BTC. Sellers are fully in control as they have since the beginning of the year. Ethereum is strongly suffering from Bitcoin's dominance that keeps rising. Stochastic is showing some bullish divergence with current price trend but as this isn't backed by volume, we could see the stochastic oscillator crossing back below the oversold line. There is still no sign of any reversal and we expect rebounds to be sold in the near term. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics
ETHBTC Analysis 08/05/19Ethereum broke through the 0.02 level, making a new year low at 0.0194. Since the beginning of the year, Ethereum has kept making lower lows and lower highs. Bitcoin dominance keeps growing is now at 67.7% vs 65.5% last week. Bitcoin's pumping phase is not over and sends a clear signal that investors are not yet inclined in transferring some of their funds in bitcoin toward altcoins. With the federal reserve rate cut and the continuing quantitative easing, we expect risk-appetite to grow among investors on the medium-term. The stochastic oscillator has bounced back from the oversold zone, showing a crossover. However, volume remains low, therefore any entered position should be done with caution. As ethereum keeps evolving in a strong downtrend, we expect any rebound to be short lived, sellers taking them as advantage to enter. We expect the downtrend to continue in the near future. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics
1
ETHBTC Analysis 08/01/19ETH continues its lower drift toward the year lows and support level at 0.02. ETHBTC remains bearish and doesn't show any sign of reversal as BTC dominance keeps climbing. A bounce could be expected around the 0.02 level but buyers would have to reclaim the 0.023 level and hold it in order to bring some relief. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics
ETHBTC Analysis 08/01/19ETHBTC bounce was short lived as the pair went back on the down road, following its downtrend. We are seeing some oversold signal on stochastic oscillator that let us believe that we could see a rebound in the short term but near resistance keeps capping any attempt to prop this pair up. We expect sellers to short the rebounds along with long covering, targeting the year lows at 0.02 BTC. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics
2
ETHBTC AnalysisContinuing rebound after hit yearly lows at 0.02 btc level which became strong support showing a possible bottom island formation. Oscillating between downtrend and support while volume decrease. No signs of reversal to the upside. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics
ETHUSD Ethereum NEUTRAL RANGE Trading 1 HR Chart#Ethereum #Bitoin #Litecoin Hello to all watching my charts. Since a week Ethereum is trading in a range beween 200/204 and 235 We have to wait what happens next. Whether the pair falls below support range 200/204 and ist short again or if it will find bottom now in that range here and comes back to climb above 235 and startet a new try to higher prices and goes long. At the moment nothing to do If you think that this range will last longer (which i doubt at a crypto pair) it would be possible to do a range trading : buy at 204 , sell at 224 / 234. But as Ethereum does similar to other cryptos in some cases big jumps that would be not my first oppinion. Good tardes If you want to support my work and my trades please like the,.. Renkotrade
BITSTAMP:ETHUSD
by Renkotrade
1
Ethereum (ETH) Bulls Eyeing New HighsYesterday's daily close above the $300 key resistance meant that Ethereum bulls are likely eyeing new highs. That said, the market could see further consolidation within the ascending triangle pattern in the next few days but a test on the upper triangle at $325 - $330 is very likely. Even though this kind of pattern tends to be bullish biased, we should not make any hasty conclusion as the market has yet to solidify its course, which can only be confirmed by a prevailing breakout from the triangle. Until then, there are two things to watch out for: 1. A trend reversal as price protrudes from the upper triangle, as what the sample pattern on the upper right illustrates. 2. A breach below the lower triangle is probably the best time to exit the market.
BITFINEX:ETHUSD
by UnknownUnicorn4306966
2
Ethereum ETHUSD SHORT 1 HR Short 2 Supports broken Hello to all watching my charts Yesterday we talked about the steep steep UP channel here and now since tonight we got not even a pullback we got a break of 2 supports and a shortchannelsystem The second brake has come in at 7.00 am in the morning today and now we are on a short train here Right now in this minutes even the great long channel (blue) has been broken So thats shure a short idea now. Good trades If you want to support my work and my charts please like them... Renkotrade
BITSTAMP:ETHUSDShort
by Renkotrade
1
ETHUSD Ethereum LONG 1 HR ChartHello to all watching my charts Nothing really new to tell you here in this pair. Its still LONG as you check the purple longchannel of my trading system What is to mention, that in the short timeframe (blue lines) the power has little bit lost and the angel in not longer such steep as it has been in the days before (purple lines ) but in my eyes that just normal after such a rally of nearly 15%. So be little bit patience and i do hope you are in a long position. If something will change massive i let you know. - If you want to support my work and my charts, please be so kind and like them... Good trades Renkotrade
BITSTAMP:ETHUSDLong
by Renkotrade
ETHUSD LONG 1HR ChartHello to all watching my charts. I am starting today a check of Ethereum and will bring you more Crypto Charts the next time Why ? Cause the possibility of trading these pairs in my oppionion has been dramatically changed to much smaller spreads and daytrading if wanted , is now possible with positive results. So lets come back to ETH: What do we see ? Its easy: We have a nice and strong LONG channel in which the pair is running up. So run with that in Long diretion so long as the pair continue in that channel. I will update you Good tardes Renkotrade
BITSTAMP:ETHUSDLong
by Renkotrade
3
ETHUSD - 1D Chart AnalysisJust like in the case of the other major coins, the price of Ethereum has also managed to position itself above the 20 days Moving Average on the 8th of February, being stimulated by the increased trading volumes after 1 month of losses. It's important to notice that the indicators which have announced the 45% increase which was registered since then are the Stochastic and the MACD, with both registering a crossovers with one day in advance. Today, even if the trend is still "bullish", there are few reasons according to which a possible "slow-down" of the price may happen anytime soon : * The upper standard deviation of the Bollinger Bands has been reached, meaning that the price is considered "overbought"; * The RSI has the level of 70, showing the same as the Bollinger Bands does; * Both Moving Averages of the Stochastic are above the level of 80 and on top of this, there is also a crossover which was registered today signaling a possible change in the price direction * The MACD seems to keep it's position at the top of the Signal for now, meaning that the trend has big chances to remain the same. Based on these circumstances, the main scenario remains the one in which the price will start it's sideways movement before having an attempt of reaching the level of 161$. On the other hand, if the trading volumes will fail to keep the actual consistency and the MACD will cross the Signal again, it will be a clear indication that the price will drop, with a possible target of 123$.
BITFINEX:ETHUSD
by ReadBTC
ETHUSD - 1D Chart AnalysisIf we go back in the days in which the whole sector used to go through amazing times, a movement like the one registered by the price of Ethereum on the 8th of February would have had less chances to be considered impressing. But nowadays, after the market drop we could see in 2018, a price movement from 105$ to 121$ is huge and for sure it brought back some of the hopes. However, even if the market is very low compared to it's heights, we have to admit that the entire sector keeps it's specifications and remains like a "wild horse" compared to the rest. After 29 consecutive days of bearish trend, we can easily go back in time and compare the elements which signaled such a period, so we can see if there's anything which can help us in our forecast. Therefore, on the 6th of January we could see the "fast" line of the Stochastic going below the "slow" one, signaling a potential decrease of the price which eventually happened. After 4 days of dropping we could see how the price went below the 20 days Moving Average, when the "Bearish" trend has officially started. The cross has been announced by the MACD in the same day as well, with it's Signal line maintaining it's position at the top. Today, we are 3 days after the 15% increase of the price which was signaled by both of the previous indicators and we have a small contradiction between it as it follows : * The MACD is still above the Signal, meaning that the bullish trend may continue; * The "fast" line of the Stochastic is still above the "low" one but as long as these one are about to cross each other it is possible to see a change in the price direction. * On top of this, the trading volumes are moderate and the RSI is maintaining it's neutral position, meaning that there are small chances to see an aggressive movement. Based on all these details, we have 2 possible scenarios : 1. The price will start moving sideways between the Pivot Level and the Resistance Level 1, consolidating it's position, with the possibility of going towards 138$ for the upcoming days 2. After the period in which it will move sideways, the price will go below the Pivot Level with a possible target at 107$. Considering the low level of the trading volumes, we are tempted to say that the 2nd scenario has bigger chances to be caught off.
BITFINEX:ETHUSD
by ReadBTC
ETHUSD - 1D Chart AnalysisAs we have mentioned on the previous post about Ethereum, the price has registered a bearish trend since the 10th of January, once it crossed and stabilized below the 20 days Moving Average, with it's daily range movements decreasing as well. Like before, the RSI and the Stochastic still have "oversold" positions and on top of this, we can also add the position of the price close to the lower standard deviation of the Bollinger Bands which is indicating the same possible "correction". But, as long as the MACD will stay below the Signal it is possible to see a continuation of the sideways movements, rather than a consistent price increase, with an attempt of "breaking" the level of 100$ 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