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Ethtechnicalanalysis

ETH sniper entry points 28/09/22Hi traders, I dont share technical analysis but I do Technical analysis by my self and share sniper entry points for buying and selling. Here You can see multicolor lines and each line repeesent support and resistance for different time frames. BLACK LINES Black lines represents support and resistance on the basis of weekly candlestick analysis for sniper entries. GREEN LINES Green lines represents support and resistance on the basis of daily candlestick analysis for sniper entries. YELLOW LINES Yellow lines represents support and resistance on the basis of 4hr candlestick analysis for sniper entries. ORANGE LINES Black lines represents support and resistance on the basis of weekly candlestick analysis for sniper entries. REMEBER Eth has already been shorted from its weekly resistance and also bought from 1hr support which is now reistance for the time being. Put Stoplosses just above or below the sniper entry points which i mentioned on the chart NOTE : These are the sniper entry points on weekly, daily, 4hr, 1hr time frame. These i will give free here forever but lower time frame sniper entries are for the paid members as they are executed on run time with 5m or15m time frame. MY BTC PREDICTION GAVE 95% POTENTIAL PROFIT WITH 10X LEVERAGE AND ITS PRROOF IS GIVEN BELOW IN RELATED IDEAS.
by itmecrypomania
#ETH/USDT 4HR CHART UPDATE !!Hello, community members welcome you all to another chart update. As we can observe from the above-mentioned chart that ETH was trading inside the falling wedge pattern and broke outside, currently it's trading on a green support zone, or else we can also say a retesting zone. Here ETH was unable to sustain the green support zone and moved downside again but still above the upper trend line. MACD also printed a bullish crossover. If ETH bounces from the current price level the $2k level is the major local resistance for now which ETH must break upside to climb and touch $2.2k soon. As result, ALT coins will also be able to gain % by moving upward. Candle close below the lower trend line support will be the invalidation point for this chart update. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
by Domino_Crypto
Ethereum Update!Little Update on our recent ETH TA like we somewhat expected we saw a rejection off of the top of this triangle that we have respected during our whole time trading within it, now theres definitely some good reason behind this rejection we have multiple layers of resistance all at the same level, first of all the top of the triangle itself, the 50 day EMA, the 0.6 FIB level are all strong points of resistance. Now on the other hand we could most definitely see a bounce off of our current spot we are sitting now we have multiple layers of support, The 20 day EMA, checked out the bollinger bands and our midline lines up perfectly with the 20 day EMA, we have the pivot point which is a pretty crucial area. Now if by chance we do see a drop below the teal pivot point tonight for our daily close, this could definitely trigger a slip to the downside which is not ideal for us trying to regain an uptrend, as far as support below our current level we have the bottom of the triangle itself, support at the top of the descending channel, and 2 additional layers of support just below the bottom of the triangle. So if we do see a downside i think it will be pretty quick for us seeing a rebound, now a likely scenario would be a false breakout to catch traders. this would look something like a break and close out of the bottom of the triangle making traders scream SHORT, before then catching support and regaining the triangle itself and likely a move to the topside, the market movers love false breakouts because it liquidates many traders. Forgot to mention but we have very solid support at the 0.786 FIB level which is also the S1 Support, so if we we're too look for a trade i would say an entry at the .786 FIB, little generous stop loss and a take profit around 2800$ (USD)! Now for the Squeeze momentum indicator we have what looks like the last stride of red (bearish) movement, we have seen a steady decrease in the red bars day after day showing bearish momentum fading away, now what we are looking for is potentially another red bar (decreased from today) before then pushing above the midline into bullish zone. The black crosses represent the bullish/bearish squeeze and when those crosses turn white that represents the squeeze release, which is the explosive part of this indicator! To see this for yourself backtest and line up the white crosses to price action itself! Not financial advice just my opinion!
KRAKEN:ETHUSD
by JacobR905
Ethereum Breakout Coming Soon!!?Ethereum is on the verge of a potential breakout of this triangle, we have wicked up and above for the first time but have since came back down to just below the top. The very good news is that we are looking like we may see a daily close above the 0.6 FIB level and yesterday we had a daily close above the daily pivot point (teal) both of these are very bullish signs, now keep in mind it doesn't necessarily confirm a bullish move but we are heading in the right direction! Not even too mention the bullish breakout of the descending channel, we briefly broke out a couple times before and have fallen back in but this time could be the real deal, we will have to wait and see. Looking at our RSI we are seeing yet another very good sign, we have taken back the midline, by being and remaining above this midline it confirms an uptrend if we can hold it, falling back below will keep us in a confirmed downtrend, ideally we do want to see more upside for price action and the RSI so we can get that yellow SMA above the midline aswell for additional support! Now the Stoch RSI has rebounded very fast and is coming up shortly on the overbought zone, now this could be a sign for a little cooloff once we do reach this level but the most important thing is for the RSI to remain above that midline! Not financial advice just my opinion!
KRAKEN:ETHUSD
by JacobR905
Ethereum Due For a Climb Up!!?Ethereums been getting beaten down recently following Bitcoins lead and we have been trading within a descending channel like we talked about last time, we had a brief fall out of this channel but have since recovered after finding support at the 0.786 FIB level, we have also regained obvious support at the 2618$ level. We have fallen out the downside of our Bullish pennant but definitely still have the chance to regain it in the coming days. Personally i believe Ethereum is due for a very solid move to the upside sooner than later, one reason is because of the sheer downside we have seen recently, we have had quite the correction overall and an upswing is overdue. Now lets get into some better points of why i think we are due for an upswing, the mean reversion channel if you notice to the left we had a decent period of us being in the oversold area, now after backchecking this indicator we have not seen an oversold moment since earlier into 2020!!! This gives me good reason to believe a grind back upto our mean at 3850$ is overdue. Now if we also look at the RSI we notice on here aswell we were strongly oversold, we have since recovered a little bit and have some nice support below us coming from the yellow simple moving average! The whole goal here overall is too make our way back up and above the midline, this would be very key as we could regain a confirmed uptrend! However when we look at the Wavetrend this makes me feel like we could see either a little sideways movement or a possible little drop before we move back up. We are currently sitting at strong resistance where we are beginning to curl, if we can't break through here a little downside is likely, but we just came out of the buy zone which is a bullish sign so i think if we do fall down a little bit more we could likely see a quicker reversal off the second support i have drawn! Overall still bullish on Ethereum in the short term but especially the long term! Will Update going forward! Not financial advice just my opinion!
KRAKEN:ETHUSDLong
by JacobR905
Ethereum Bullish Pennant!Ethereum is following the price action of BTC very closely but instead of a bullish triangle like BTC we are currently trading inside of a bullish pennant! ETH is making some nice gains the past week moving up day by day slowly but surely and we are coming up on some important levels, first off for resistance we are looking at the bollinger bands, ideally a break above the midline would be very key as it opens the door for a run for the top band, where like yall know we could see some explosive price action! Next level of resistance we are facing is the 0.6 FIB level at 2920$, this is definitely going to be a strong level of resistance and we haven't tested it much recently so there is a for sure chance we get rejected right away, but theres also the chance momentum picks up and we smash through, just like how we saw on the drop and fall below recently. We are also going to have some decent resistance coming from the midpoint on the descending channel and finally the goal and target would be a breakthrough the top of this pennant, we have some work to do before getting there but we have seen it happen time and time again, just a matter of time. Now the RSI is looking good we made a strong push up from the oversold zone, we are currently trending down slightly but we could be in for a bounce in the coming days, the key here is getting above that midline to get us back into a confirmed uptrend! Now the MACD, we are looking great here, we are seeing a steady rise on the histogram with our green bars growing each day showing us that rise in bullish momentum and also we have nice separation within the MA's this is key because having bigger space between the blue and orange makes it more difficult for the bears to trigger a bearish cross. Now the goal with the MACD is too just keep moving exactly how it is, climbing MA's and also that rise in green bars day after day, if the histogram starts moving flat or decreasing the chances of this current bull MACD cycle coming to an end is higher! Not financial advice just my opinion!
KRAKEN:ETHUSDLong
by JacobR905
ETH - what's coming in the near future on 2D?The price has broken the main trend line in blue colour on 2D. The purple horizontal lines are liquidity levels - this is where the price always heads to. Keep this in mind. The price has tested Ichimoku support (red colour line of the light green cloud) couple of times, but did not  break it. Currently the price is moving up either within an ascending wedge between black line and blue trend line OR is moving up within black coloured channel towards liquidity level and BB medium.  The indicators unfortunately are not showing much. Stoch RSI and MACD are only suggesting a prise rise, but are yet to provide a confirmation. Price reversal - I see 3 potential points at this time: 1. At descending trend line in green colour. 2. At liquidity level around 4,010-4,030 USD. 3. At Ichimoku's cloud resistance that coincides with a dotted blue line. In either case, price reversal should be confirmed by a daily candle which closes with a pin bar or bears engulfing pattern + a vertical volume should give us a long green candle on that day - then a price reversal and a drop to 3,195 USD becomes most likely! I will update this ETH analysis as we go along.
INDEX:ETHUSD
by WallStreetFox
ETH Making Gains on BTC!!?Ethereum has been performing very well against BTC in the past months making huge gains in a shorter timeframe and i think we are setting up for another big run coming up soon. With the falling of BTC dominance and the rise of Ethereums dominance we are going to start noticing that Bitcoin is likely going to be making minor moves but more sideways price action while the altcoins start to really outperform against BTC. We are not very far off our previous high set set at .088, and its looking like ETH is gearing up to make some new highs and keep this bullish streak going. Looking at our bollinger bands we are just underneath the midline which is currently resistance, what we want to see happen either in 30 minutes from now or at tomorrows daily close is a strong push up and above this point opening the door for us to reach that top band where then we could trigger a big run upwards. The RSI is looking very good we brokethrough the SMA which is now support for us and aswell as the midline, we got up and above here just recently and that is a big key step that we needed. for us to remain in an uptrend we need to hold above this midline on the RSI, falling below and being unable to recover back up puts us in a confirmed downtrend scenario which is never ideal, unless we are talking for BTC.D. The MACD looks very very healthy, we just had a long drawn out 2 bearish period macd cycle and its finally looking like we are coming to an end. Time will tell on our daily close but what we need to see as a start is a open green bar on the histogram with the bars growing in size everyday after that, showing a strong rise in bullish momentum. Second we need to see is a strong bullish cross with our Blue MA pushing away from the orange showing that growth in bull momentum, creating space between the MA's is very important because in this scenario it allows us some breathing room, meaning we can afford to have a couple days of red price action without triggering a bearish cross! Not financial advice just my opinion!
Long
by JacobR905
Ethereum Weekly Outlook! IMPORTANT LEVELS!!Taking a look at our Ethereum Weekly chart we are still moving to the downside but i feel this could be the final week of downside before rebounding to the upside, we have had a total of 7 weeks worth of downtrending candles and that could be coming to an end very soon. we are trading inside of a bullish pennant which historically has lead to upside breakouts, we are just about at the apex point but there is a chance we have 1 more weekly candle before breaking to the upside! We are approaching the 0.2 FIB which is an important level for us to hold going into our next weekly close next sunday. Another few key levels i am looking for us to hold is, the 20 EMA (red) (not as important) the bottom of the bullish pennant or risk falling out the bottom, the midline on the bollinger bands is a pretty big one we gotta hold onto here giving us the chance for a rally to that top band. Now if we did by chance fall to the downside there is one level that is mega important and that is the 50 day EMA (pink) looking at it now its looking like we will be pushing up and above the 0.3 FIB, so if we did fall to the downside these 2 levels would be a crucial hold, either the 50 day will be right overtop of the 0.3 FIB or we will be right below this FIB, this should give us that ultimate cushion for getting a bounce and reversal. Another nice reversal spot we have if we do decide to go down is the support at 3324$, we have had tons of price action on this level back in june-sept and i would say this level is pretty rock solid especially if we only came down to test it once or twice! Overall with the support levels we have a big drop is not really on the table i would say personally, around 3050$ would be my lowest target for a further correction, but i don't think we will even come close to there realistically, the amount of downside we have had over the past 7 weeks is definitely enough for a normal correction and i am looking for that upside breakout of this bull pennant. Last thing lets take a look at the Stoch RSI, we are coming down very fast and we are inside the oversold zone and almost bottomed out, i wouldn't be surprised to see the formation of a reversal coming into this weeks close on sunday, we want to see something similar to what i have drawn out here, a strong bull cross with the blue moving ontop of the orange, even if we don't see the cross happen next sunday i would like to see both lines start to flatten out and tick upwards! Not financial advice just my opinion!
COINBASE:ETHUSDLong
by JacobR905
Ethereum Update!!Checking out Ethereum on the daily timeframe we are looking a bit shaky i can't lie, todays been a rough day for the markets overall and we have came way down out of are accumulation zone and we are currently sitting below the 0.2 FIB level which of course is not very ideal and if we do close below here the door is open for a push down to the 3667$ level. After that if we don't hold that support we are looking at the 3464$ level which i think is a good spot to catch a rebound, its a strong support level with tons of price action from months back, if we don't hold here we are looking at the 0.3 FIB or 3214$ which i can't see us going any further for the time being. as for resistances if we close where we are for tonights close we are facing resistance from the 0.2 FIB, the midline on the bollinger bands and the 3990-4K level. Looking at the bollinger bands we notice that price action currently is sitting on that bottom band and if we see a close ontop we could be in for a sharp downside drop likely too the 3464$ level or the 0.3 FIB. The RSI is giving me some hope, even though we crosses below the SMA we are currently ontop of strong support coming from months back and ideally we want price action to push back up above that 0.2 FIB so we can hopefully see a bounce off of this support level on the RSI, ideally in the longer outlook of things we definitely want to climb back and get above that midline, being below keeps u in a confirmed downtrend and being above and holding puts us back in an uptrend! Now the Squeeze momentum indicator, this gives me some hope aswell, we are approaching the midline on the SMI and what we want to see here is a green bar after daily close, this would give us the momentum needed to start making a push back up, the only problem is that if price action closes bearish then we are looking at an increased red bar for our next one and that could kick off yet another bearish squeeze which we dont want to see. Definitely some big closes tonight especially for BTC aswell, our overall direction going forward is still up in the air and we will have to see what our daily close brings us! NFA Just my opinion!!
BITSTAMP:ETHUSD
by JacobR905
1
ETH Bear Trap!!?As talked about previously i mentioned the possibility of an upcoming bear trap on the Ethereum bears, where we would breakout and close below our key level at 3990-4K faking out traders into thinking a bigger drop is coming, before then rebounding to the upside and hopefully this plays out as a bear trap because that will mean we will be seeing some nice upside soon to come. We are currently breaking back into our accumulation zone at 4K and its looking like we are going to see a bullish daily close above here which will be big! on the BJ key levels we are looking at the 4k-4100 zone as our first crucial level, a break above here will be a bullish sign and likely give us some momentum to keep pushing to the upside. We do have multiple levels of resistance from 4k-4600 which is our accumulation zone i have been talking about, ultimately we need to break and close above 4600 and hold above here before we can really say we are looking bullish. simply due to the fact that for the past 3 weeks we have been stuck in this range where we are seeing strong hands buy but for the most part moving sideways. A really great sign that i noticed is that we have regained the 100 day MA, this is one of the stronger MA's as it is calculation the moving average over a 100 day period, not any recent movement as far as the 200 day MA goes but it is definitely a positive that we have held this level aswell. We had a bit of a scare when we closed below the 0.2 FIB level and thats why i believe this bear trap is happening, that was a very bearish close but soon after we rebounded to the upside, i think this is just the start. Now lets look at the RMI, we are falling to the downside still but things are starting to look up, we seem to be bottoming out with our pink starting to move sideways and our orange coming down towards the pink, looking for this bullish reversal, we are at the lowest point since the start of October and i think with some good momentum we are due for a big big run to the upside and a big time reversal! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum Breakout Coming soon!!?Looking at Ethereum it is pretty clear we have no sense of real direction and one thing that stood out to me very clearly is that we are in a wider ranged accumulation phase in the market. Shown by the blue shaded area we have respected this zone very well and are struggling to find a breakout point, what i believe is happening is a big 3 week accumulation period where we are seeing strong hands and big money scooping up Ethereum/ all of crypto before the next leg up. This phase can definitely mess with the emotions and can lead you to believe we are entering a bear market or just a downtrend period, i don't think this is the case though, smart money and big institutions are playing the waiting game striking fear into retail investors and overall giving uncertainty. The past couple days including today have been looking good we are seeing strong bull candles and a push back up into this zone after briefly falling underneath. First off lets take a look at some key levels, the support levels we need to hold onto are the S1, 4000$ (USD), and the very important 0.2 FIB level. Now the resistances that are very key goes as follows, the midline on the bollinger bands is a must regain level and will be a big test once we reach it, the 4400$ level, the crucial pivot point (P) this level if we can close above should give us some much needed bull momentum, then the 4600$ level, a break and close above here is important because it has been the respected top of this accumulation zone and for us to leave this phase this level is key. Then of course we have the 0 FIB level (ATH) which will give us mass amounts of momentum if we can regain it and enter price discovery mode. Now the bollinger bands, another reason why this 4600$ level is so important is because a break above here will land us right on that top bollinger band, and this as we all know can spark an explosive move to the upside and go on a significant run and likely easily breakthrough that ATH! Now the MACD we see that the histogram is decreasing showing us a decline in bearish momentum, want we want to see here is a push back into the green zone and see increasing green bars day after day, aswell as an explosive bull cross with the blue MA taking off from the orange. Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETH - speculation to go Long on 2D!Provided that today's candle on 2D closes as a pin bar + RSI & RVI bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is an potential price action for local correction that may take up to couple of days to complete. The green rectangle represents a good entry point to go SHORT. If price action begins to follow the path then two TP may be available for grabs: 1) TP1 at 4390 USD - first level of correction. 2) TP2 at 4570 USD - this is where we have a 61.8% correction on Fib, descending resistance line in purple colour, as well as resistence level based on horizontal volume.
Long
by WallStreetFox
ETH New ATH & Price Discovery!!Ethereum is continuing to run in beast mode almost making new ATH's everyday, we are still travelling up and respecting our ascending channel as we are once again pushing that 0 FIB or our ATH! We could be considered in price discovery mode right now but i think with some big momentum we could be blasting off to go on a huge run to the upside, facing currently no resistance levels once we break above our ATH! We have a bunch of very solid support levels underneath us with the bottom of the ascending channel aswell as uptrend support inside the ascending channel we got the R1 Level which is now support and then aswell as the midline coming from the bollinger bands, if we do see a couple down days i really don't expect us to go very far. Now something else very interesting with the bollinger bands is our price action is currently sitting directly ontop of the top band, and now we haven't seen an explosive climb up this band yet in this ascending channel we could be looking at a mega one coming up soon, our daily close is looking like we will close directly ontop of this band which is always a very very good sign and could send us flying to the upside, plus pair that with our current situation of being in price discovery mode and having little to no resistance above us.. seems like a recipe for a massive run up coming soon! Now the MACD is starting to look good, we have been seeing lots of tight movement from the MA's with a flat histogram but we could be getting ready for another bullish MACD cycle, we are yet to create a bearish cross and if you actually look at the histogram starting from the verticle line i drew we are seeing something very positive, a daily increase in our green bars, this is a very good sign and could be signalling the start of another bullish cycle on the MACD, we gotta see this continue though day after day increasing green bars showing a rise in bullish momentum, we can't see a flat histogram or a decreasing one, this would likely result in a bearish cross putting downside pressure on ETH. Now the MA's are starting to show some positive signs, the blue MA is ticking slightly to the upside which is what we wanna see, we gotta see that separation in the MA's lessening the chance of a near term bear cross and allowing for a little downside without triggering a bear cross! Overall no matter what we do in the coming days i am extremely bullish on ETH and altcoins going through this month, also should point out BTC dominance is currently slightly rising putting some pressure on the altcoins but once we see a rejection or a bit of a drop i think the altmarket is going to start exploding with many coins likely too create new ATH's! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum Climbing Back Up!!Since we were trading withing the bullish triangle a little while ago i talked about some very nice looking upside on the horizon and we have seen just that with a strong breakout and a steady climb back to the upside! PS. This drawing was not the Bullish triangle i am referring too i erased it to clean up the chart a bit, we have taken out the 0.2 FIB level and we have had multiple retests with us being successful everytime, another key level we have successfully regained is the 3667$ and again we have had multiple retests succeeding. The next big test we are facing is the 4k level or aprx 3990-4000K level we have had one touch so far and we're rejected but we are still looking strong and seem to be taking a little cooldown resting on our current support level until we make our next move upwards! We also have uptrend support coming from around 2800$ and we have respected it all the way up till now, i see us holding onto this level following it upwards and ultimately i am looking for a reentry of our ascending channel shown above and then eventually the 0 FIB of course coming from our ATH! Looking at our Bollinger bands we seem to be inna very nice spot with price action well above the midline and not far away from that top band, i think we could be in for a rollercoaster ride up the top BB since we have not seen one in quite some time and we keep on wicking too the very top, likely just a matter of time before we have a nice upside day then eventually grabbing onto that top band taking it for a ride likely up towards that 0 FIB level, if the momentum is there i don't see us having too many problems shredding through this level and creating a new ATH and aswell entering price discovery mode! Looking at the Reversal Momentum Indicator we are in a slight downside right now but we see the orange curling heavy to the upside and coming towards the blue, we don't want too see a bearish reversal with the blue going under the orange but we could definitely see a little fakeout where we get a nice bounce off of the orange to continue this upside climb! Checking out the ADX we are looking good and seem to have found some footing a decent bit below our previous high, we are starting to turn to the upside with the direction looking to start an overall reversal after having some significant downside. A must watch for Ethereum is price action grabbing onto that top bollinger band, the RMI getting a bounce and keeping the blue ontop, and aswell the RSI which isn't currently on the chart, we need to stay above the midline to continue the uptrend, we are significantly above the midline currently near the top of the zone so thats why i decided to leave it out of this TA but always keep an eye on that! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum Looking very Bullish!!A little bit ago i posted a TA on ETHBTC and we were trading inside of this descending wedge which is a very bullish pattern and i talked about seeing an upcoming breakout and that is exactly what happened! We are starting to gain some nice momentum coming out of this falling wedge and we are coming up on some very important daily closes for ETH against BTC! We are getting a little stuck right underneath this resistance line at aprx 0.0714 and the reversal pivot point just above there, if we can successfully see a strong push above both of these levels at some point soon we can expect Ethereum and altcoins to really start to move, a close above the pivot point in the coming days is key for us, we will likely see a reversal back into an uptrend coming out of our current short term downtrend. Looking at the bollinger bands we have regained a crucial level and that is the midline on the bands, we definitely want to stay above here and keep this level as support and this opens up the window for us to keep moving strongly upwards and eventually getting to that top band, whenever we see price action up and around the top band there is a high chance we grab onto it and go for a big move to the upside, but that'll be for a future TA as we got some work to do before we see that happen. Now checking out the RSI, we have slightly broken up and above the midline after remaining below in a confirmed short term downtrend for a week or two, we want to make sure to hold this level and even see a retest and be successful before really jumping the gun, but personally i think we are going to see at some point soon some big rallies in the overall crypto market, i believe its just a matter of time everything all around is looking pretty great and if you havent already i highly suggest checking out my recent BTC.d divergence TA's! There is something huge coming! Not financial advice just my opinion!
Long
by JacobR905
Ethereum New ATH!??Ethereum has been holding up very well during this pullback with us still able to hang onto some key levels, including this ascending channel, we are currently sitting on the bottom of the channel holding on strong and i think the market is starting to rebound, if you take a look at my last TA talking about the BTC hidden bullish divergence the same thing actually applies to Ethereum currently, ill let yall check that out for yourselves, refer back to my BTC TA and throw on the Stoch RSI on Ethereum and see if you can find it. Other than the divergence the market i think is ready for another leg up since we just saw a significant healthy pullback. Some key levels we are looking at here are the 0.2 FIB which we need to break soon, the R1 resistance slightly above the 0.2 FIB and the midline coming from the bollinger bands which is currently acting as resistance, if we can get above atleast the 0.2 and the BB midline we are going to be looking super bullish and the good thing is they aren't far away at all so our indicators like the MACD and RSI will barely be affected by a move like this. On the RSI we slightly took a dip below the midline but barely really an we are now seeing some upwards direction here with us just right underneath this midline, i think we aren't going to have any problems getting above here with ease and we can continue our confirmed uptrend! Also gotta keep an eye on ETH's Domiance in the market, we have had significant upside in the dominance and that definitely correlates with the big upswings in price action, we are likely going to see another big pump in price action and dominance level we are seeing respect on this uptrend support line and i think even if we fall a little bit more we are likely going to get a nice bounce which afterwards i would expect us to have a solid move to the upside! And remember ETH's dominance is a big deal with the Altcoins the higher ETHs dominance goes the more altcoins will follow ethereum rather than BTC! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETH DOMINANCE READY FOR A RUN UP!!Checking out ETH's dominance we notice that it looks like we have found some decent support here at 18.20% and we are seeing a couple transition candles, one a couple days ago and another one in the making today, now if we can hold this support and have another green transition candle i think we are set to make another run up! First off id like to compare the ETHUSD chart shown in the first pane (orange) vs the eth dominance chart, as we can see i've marked the start of run ups with vertical lines and as u notice when dominance starts to rise up so does the ETH price, as shown in the first pane, we have been in a nice uptrend recently on ETHUSD and now that we have seemed to have found a bottom here i think we are going to continue this, now keep in mind if BTC falls off a cliff this TA probably wont be valid anymore! Checking out the MACD we are looking good and it seems like we are starting to see a pushback and eventually a bullish cross, histogram is getting real flat and not moving a whole lot anymore. The Stoch RSI looks very good we are starting to see what looks like a huge upswing and an upcoming bullish crossover, even better we are currently in the oversold zone and it doesn't look like we have really anywhere else to go but upwards! Same thing kind of for the RSI we aren't in oversold but we have dipped into the confirmed downtrend area but i don't like its going to last, i think we are gonna see a blast right through that midline back into uptrend territory, we aren't very far off the midline and we are moving upwards now pointing in the right direction! Not financial advice just my opinion!
CRYPTOCAP:ETH.DLong
by JacobR905
Ethereum to 5K!?Eth has undoubtedly been out performing the market recently after the mega bullish london and eip1559 upgrade went live, we are currently on our 19th green candle inna row! Now something pretty important for strictly ETH is the EMA ribbons, no one else in the market has managed to reflip the EMA ribbons back to bullish, and keep in mind this indicator is more long term rather than short, we have been able to get the green ribbons back ontop of the red which is very important, it shows the momentum is flipping back to the bulls and we have been seeing that for the last 20 days, if we can see the EMA ribbons fully spread out we will be in for a huge rally even bigger than we are seeing, as you can see to the left when the EMA ribbons started to open up bullish that is when we saw ETH shoot up to create that new ATH. We are also smashing through resistances like the R2 as the most recent and now we are on the push for that R3 or the 0.2 FIB level which is the last FIB before our ATH, we probably will see a rejection at the 0.2 FIB because it is a pretty strong level but if we keep up the momentum we will no doubt fly through at some point. Looking at the MACD we look very good we are seeing continued separation which is always key and we are showing no signs of slowing down, we are starting to point to the upside aswell, the histogram is looking okay we are sort of flattened out but our green bars are for the most part staying level with our previous ones so aslong as the MA's continue to shoot up and separate we are looking fantastic! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
2
Ethereum Dominance set for new highs!!Ethereums been outperforming BTC recently with ETH's dominance starting to climb back up, i think we can easily expect new yearly highs for ethereums dominance based on how fast it is growing plus the soon to be deflationary asset will grow demand wise, we had a yearly high recently of about 21% and i think we are bound to make our way upto atleast the 22% level. We recently had a very nice breakout gaining lots of momentum but we do seem to be hitting some longer term resistance/support from back in 2017, and of course we will have lighter resistance coming from this years high. Looking at the bollinger bands we are continuing to fly up that top band with little to no sign of slowing down, we could continue climbing as the days go on, especially if we can smash through this resistance and hold it for a daily close. Checking out the MACD once again we are looking super bullish with no sign of slowing down, we see very big separation within the MA's the blue has completely shot away from the orange and we are now headed just about straight up! Histogram continues to look solid as we keep seeing growing green bars show that we definitely still have momentum, we look very very far away from a bearish cross here and overall i am very bullish on ETH short and especially long term, i think my guess at 22% dominance was a little bit conservative! Not financial advice just my opinion!
CRYPTOCAP:ETH.DLong
by JacobR905
ETH BIG RUN ON THE WAY??!ETH has been performing amazing against BTC recently with a beautiful breakout of the descending triangle, also we have well passed the bullish pivot point a few days ago and we continue to hold it for the overall trend reversal. We are just beginning to take a ride up the top bollinger band with the past couple candles hugging that top band, if we continue to do this i think flying right through the 0.2 FIB is very very likely! looking at the RSI we are just about into the top overbought zone but starting to curl downwards a little bit, the only key thing we have to watch here is if we are able to continue to hold the midline or 50. point if we can continue to hold here we will be back into a confirmed uptrend! Looking at the wave trend oscillator we are looking very bullish actually we have just passed the mid point and our wave is showing no signs of slowing down, we could see a wave top even at the top of the zone before coming back down. Lots of BTC money flowing into ethereum for in my opinion the highly anticipated London hard fork upgrade and EIP 1559! Overall very bullish on ETH and DEFI right now with arguably the biggest crypto event in the world starting tomorrow (smartcon) we are likely going to see lots of good hype around ETH and DEFI in the coming weeks! Not financial advice just my opinion!
Long
by JacobR905