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
Ethidea
ETH. test $ 176 and growth to $ 300.After the start of the correction, ETH sellers have formed a clear falling channel in which the price is traded from January 2018. In September, sellers tested the bottom trend line of the channel. This test took place on large volumes:
After such volumes, consolidation began and there is a high probability of breaking this consolidation up. However, the last candles show that sellers still have the power:
now the price is approaching the middle of the falling channel. Also, the end of November will end the consolidation triangle, in which the price is traded on September 10.
So now there are two possible options:
1) Buyers are gaining ground in this consolidation and the first goal after breaking the triangle upwards is $ 300. At this price a large amount of liquidity:
2) sellers try the consolidation triangle down with the first goal of $ 176.
On wave analysis, I see that in the price of $ 176 a wave Y = 0.618 * W:
wave c in the wave Y = 0.786 * a.
therefore, I find the level 176 strong and after the break of the consolidation triangle down there is a scenario of a sharp rise to $ 300.
Also, the top line of the incident channel is at $ 300.
Given all this, I expect a breakdown of the consolidation triangle. With breakdown up, growth should extend to $ 300
When breakdown down, I will see what will be the situation near the level of $ 176 and whether there is a chance to start growth.
$ETH WILL BE Rise Again! But When?1. Bear market has surpress a lot of assets in this game, including Ethereum
2. ETH is one the most scalable until now, it's hard to replace them unless they are not fixing their problem
3. Most ICO selling their ETH, that makes other additional down ward pushes for ETH
4. Some of token on the Ethereum network changing lane and make their own network. To name a few: Tron, POA, etc
5. ETH has some issues back then that proven was a fatal mistake. ETH making progress towards it as they starting to develop ETH V.2
6. ETH actually really having quite issues, the original ETH is then called as Ethereum Classic
7. Chart is so oversold at the moment, but due to BTC volatility, still wanted to see a few downward to 190-ish range. Very unlikely and very likely. Just watch the market. It should make a double bottom as confirmation... but yeah, well, market bow to nobody, unless you have big cash.
8. Up there is my opinion towards ETH market condition until the next bull run, it could be any month from now on to mid 2019.
9. Support me by sharing this idea, giving your likes, comment below and follow me
Trade safe!