Could ether be holding/consolidation to play out this Long?
The Fibonacci Retracements are from the 2018 dump in July, 2018.
After capturing the 38% retracements Support, it consolidated for a while, and then sprung to above 300 euros. However, that was also aided by the BTC parabola. Now, it is consolidating just below the 50% retracement after the dump the past Wednesday. Extracting the bullish fractal from the 38% retracement and inserting them on the now below 50% consolidation, the similarity in fractal suggests a move unto 330 euros. I would not be surprised that ether does reach that value, and especially if BTC starts to range in the 8000-12000 () euros range for a while.
With the R:R: 6.24, this trade makes it worth taking
Stop/Loss: 225 euros
Target: 300 euros
Ethreum
This could be a big candle for EthereumFinally some great days for the crypto markets, we didn't see two consecutive weeks without a big dump for a long time.
Briefly, what's going on Ethereum right now?
As we have seen the bull flag configuration leading to big gains in the past week, should we expect the same behaviour?
Well, the two flags are similar, and as you can see they already produced same fake breakout pattern.
The differences between the two are surely the volume (now is more present: this could be both a continuation or inversion indicator), and the length.
We are still not sure about where this flag will break, but we will expect a big candle once we exit the channel.
As you can see from the graph, a upward move is more likely with this pattern and market condition
What is your opinion on this?
Let us know!
There is a trading opportunity to buy in BATETHTechnical analysis:
. BasicAttentionToken/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00093100 to 0.00082500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00093100)
Ending of entry zone (0.00082500)
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Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
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GBPUSD technical analysisA bullish price channel is used in this analysis to capture the meandering price action of the GBPUSD on the Daily time frame from October 12, 2018 to present date.
1.38343 and 1.19602 mark the extremes (or width as indicated by the black arrow) of the channel and are therefore important to take note of for future price movement in the GBPUSD. The bottom of the channel was successfully tested on August 15, 2018 and thus suggests price returning to the opposite extreme (bullish).
1.32337 and 1.26720 indicate boundaries used in this analysis that can be used for trade entry with the former supporting a bullish bias and the latter bearish (i.e. break below the channel and price consolidation).
ETH/USD - Possible head and shoulders formingEthereum has had an incredible run since it bottomed out back in April. It is now correcting, with a possible head and shoulders structure almost completed.
A head and shoulders is a trend reversal pattern. The uptrend, partially denoted by the yellow trend line, culminates in the head region, after which it begins a downtrend.
The conventional way of trading the H&S pattern is to take the price difference between the apex of the head to the neckline, and subtract it from the price of the neckline. Coincidentally, this price target falls right on the .786 fib retracement level. It is here where we could possibly see the end of ETH's retracement.
This would be a perfect H&S if it had the more typical volume signature associated with H&S. Because of this, another price target to keep an eye on is 660, which is the .382 fib retracement level, a strong horizontal resistance and the potential bottom of the right shoulder
not financial advice
#ETHUSD Volume Analysis Prediction 5/14/2018The Ethereum looks much better than Bitcoin now.
First of all - it's strong up trend.
Second - the price is above big horizontal volumes.
Third thing - last balances showed bull reaction.
To resume mid-term growth, it is necessary to breakout 840. Next strong resistance zone would be 755 and round psychological level 800.
For bulls it's important to hold price above the support zone 675-685. If not, we will see a much deeper correction.
ETH/USD, Daily Chart Analysis_Update 4/27Ethereum coin found bottom just above the Mean support $617 level and adjusted back to the neighborhood of the Key resistance $703, within the medium to a short-term uptrend. A break above the Key resistance is still likely, and a test of the $862 'Coin Rally' is possible after the strong up move.
With that being said, Ethereum is among the market leaders of the mini upswing trend which is expected to carry on. Therefore, long-term traders and investors should preserve their coins regardless of the moves.
ETH - Broken H&S; Proceeding to Test $800 Support AreaAwaiting market behavior at this area. ($800ish)
If market breaks below $800 we should see further consolidation near $730 - $690
"Worst Case" : A test to $500
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Weekly sentiment is bearish.
Daily & H4 Demonstrate bearish behaviors.
Consolidation expected.
drive.google.com << ETHUSD Possible Break and Target Point Listed on Page 2