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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 buyers shouldn't worry and here is why!Cryptos have a habit of repeating some patterns over and over again. Ethereum is no different. I took a closer look to Ethereum's bull market and in particularly 3 fractals which all appear to share a similar candle action to ETH's price volatility from October 2018 to date. Initial price drop, high volatility (consolidation) with an obvious Resistance and then aggressive rise. The exception is Fractal B which consolidated longer (almost twice as long) making a re-test of the initial drop/ low (even slightly breaking) it, before it broke out. It did however increase much more than then other two (around +4,300% as opposed to Fractal A +1,800% and Fractal C +480%. Assuming that ETHUSD hit the bear cycle's bottom in December, we can expect it to start rising more aggressively on the short term. If I had to make a pick one Fractal of the three to fulfill this scenario that would be Fractal B as in duration it is much more similar to Bitcoin's expected consolidation phase. In that case we have roughly another 175 days of trading between the cycle's bottom ~80 and current Resistance ~ 185. Do you think ETH bulls need to worry? Hit me with your estimate in the comments section!!
POLONIEX:ETHUSDEducation
by TradingShot
16