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Ethpriceanalysis

Approaching MAJOR Support Levels on ETHUSD!!!We have retraced almost 100% of the huge up move we had last summer(2017) until January(2018). There are two MAJOR support levels left on ETH ( light blue horizontal boxes on chart ). Starting to accumulate VERY low leverage longs here could be a good play. Make sure the risk to reward is at least 2:1. Also at TP1 close 33-50% of you position and move stop to break even. Good luck everyone! We are in a down trend so accumulating longs can be risky here since its counter trend but since we are near these key support levels it is time to start looking for reversal patterns around these levels.
BITFINEX:ETHUSDLong
by nick203
if you are wondering : why isn't eth going up ?Here is an answer. Many are asking why aren't Etherum and altcoin moving with BTC While prices seem to mostly follow the same line, some subtle difference can have huge consequences This is exclusively from a TA stand-point. Notice how BTC allow for ETH a second chance at a failed pattern And how that same failure was due to BTC correcting after completing it's own pattern In term of psychology it's much easier to understand. This has happen every single bullrun. Back in the day with LTC, and now with ETH. When new money comes in, it never goes straight for alt. Your first move is never an high risk one. So BTC goes up, and alts stagnate. Consequently money flows out of alts to catch the BTC ride, so alts goes down. BTC starts taking profit and diversify, alts accumulate buyers left behind by BTC and greed invest back into alts : Alts goes up, BTC retrace. So this is actually a good sign !
BITFINEX:ETHUSD
by lady_luck
23
comprehensive analysis1) Trend analysis We have the descending channel of the downtrend We had the rising channel of the swing high And we've just established a new base channel 2)Support and resistance We have tested 480 twice and failed both time, it's the LAST resistance on our way out of the downtrend We have confirmed 450 as a support, if this level break... Well... 3) Candle patterns On the first break out attempt, we have a shooting star , visible on H4 On the second a hanging man , visible on H1 And on the daily we are seeing an evening star . The weekly is showing bullish signs, with a potential, morning star (daily) 4) Indicators If we look at BTC 2.76% , there was a higher high, but RSI made a lower high, this is a negative sign ETH didn't make a new high at all, so RSI means nothing here Macd has been failing to break higher since the first move up, as the arrow point CMF 0.14% is more positive, on H4 it's been rising since yesterday low 5) Elliott Waves An easy EW count is the one on this chart BUT i don't like how MACD fell short of making a new high (and confirming this as a wave 3) A bullish alternative would be 3=i and 4=ii, we went down to fib 0.236 yesterday and that would work better with the indicators A bearish count would see 1 through 3 as a leading diagonal An even more bearish count would see it as an ABC 5) Demark Trendlines I only had upside target up to now, near 520 But i'm starting to have targets to the downside Break out targets in orange 6) Patterns Besides the inverted head and shoulders taht everyone must be talking about, all of the above hint to me to think of a triangle Watch RSI for it's confirmation, it should oscillate within those lines Conclusion : To remain bullish I would like to see a triangle (that would confirm the wave 3 theory) Or a breakout on the next daily candle, that would invalidate the bearish sign (and confirm this as a wave I & ii theory
BITFINEX:ETHUSDLong
by lady_luck
2
ETHUSD the most positive forecast within the last monthOur previous extended analysis was based on IHS formation which was broken at past price movement levels. However there is one more chance for Ethereum to complete this pattern. Indicators are mostly in neutral or bearish state, however it is due to recent growth and entering Ichimoku clouds zone. Hence the growth should continue till the upper edge of green ichi cloud around $690. Situation is very important and crucial as the long term significant Fib resistance level is around $640. Based on the fundamental and technical chart analysis the price has great chances to overcome the resistance. Thus, it becomes possible to consolidate between upper edge of Ichimoku and Fib 0.786 to finish the mentioned pattern. In case of success ETH will start a new wave of long term growth. However the probability s affected by the whole market capitalization of crypto market which has significantly dropped. It also correlates with BTC price movement. However, the crypto market is in fall state for about a month and there are a lot of sign of reverse. It is time to buy cheap and strong alts and ETH is one of the top coins you should buy, just wait a bit till it cross resistance level to be sure in the forecast.
KRAKEN:ETHUSDLong
by Skyrexio
2
ETH Short term price ETH appears to be trending 12345, ABC, 12345 micro waves, within a macro wave. Short term support levels are shown in purple horizontals. Upper support would be circa $880, failure to break and sustain price above this, may see ETH trend within the ST bear range. Previously ETH has been trading in the bullish green zone, however failure to sustain 880, saw the recent trend lower. I remain bullish overall hence the ABC micro correction theory. if we have a sustained break below $855 this may turn bearish. Commentary & further supports to follow.
BITFINEX:ETHUSDLong
by B0101001