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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$.
BITFINEX:ETHUSD
by ReadBTC
ETHUSD - 1D Chart AnalysisOn the 14th of November, the Ethereum's price has started to decrease aggressively based on the massive sell-offs and it has also crossed the 20 days Moving Average, which from the technical perspective represented the beginning of a bearish trend. It's important to notice that this trend change has been clearly signaled by 2 technical indicators : * The "fast" line of the Stochastic has bounced back from the level of 55, showing a change of the price direction; * The MACD went below the Signal, confirming the trend which was about to start. Another important day was the 18th of December when the price has crossed back the 20 days Moving Average and the bullish trend has started. Like on the previous time, this crossover was signaled in advance by the same 2 technical indicators. Today, Ethereum is traded around the Pivot Level which represents the average price for this interval. But from the technical perspective, there are 4 reasons to consider a possible retrace of the price, as it follows : * The Stochastic has registered a "Crossover" on the 6th of January and the price has started to decrease slowly since then; * The MACD is about to go below the Signal, showing the possibility of another bearish trend to begin; * The trading volumes are decreasing; * Based on the principle according to which any aggressive "impulse" of the price is followed by a "correction" of around 45%, we can expect Ethereum to drop with another 32$. 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