ETHUSD approaching support, potential for a bounce!
ETHUSD is expected to drop to 1st support at 371.18 where it could potentially react off and up to 1st resistance at 254.59.
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Ethusdbuy
Short-term signal #Ethereum #ethusdSo, first of all, we're still 75% off the peak as you can see, Ethereum broke the resistance at $ 288, the big red cloud actually warns that we are still on a downward trend, but there is no doubt that the Ethereum is on the safe way to the moving average line 100, to 384$ in the short term.
ETHUSD approaching resistance, look out for potential reversal!ETHUSD is approaching its resistance at 371.18 where it is could reverse down to its support at 311.34
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Ethereum (ETHUSD) - making moves - What next?Etherum just Like Bitcoin is creating a diagonal
Expecting More move to the upside. Should it
continue to move below the $230 rejoin then
we will see move move down
Please share your thoughts and views on my analysis and don't forget to like it and share with others.
ETHUSD Bearish InertiaETH / USD Price Analysis: Bearish Inertia
Ethereum has a negative-to-neutral outlook as it continues on its bearish pattern. Bulls will need to work hard on this pair.
Ethereum has a neutral short-term trading bias, with the ETH / USD pair testing back towards its 200-period moving average on the four-hour time frame
ETH still retains its bullish medium-term trading bias
Buyers now need to move price above the April trading high or ETH / USD could come under downside pressure
Ethereum / USD Short-term price analysis
ETH has a neutral short-term trading bias, with the cryptocurrency falling back towards its 200-period moving average on the four-hour time frame.
The four-hour time frame continues to show a valid head and shoulders pattern, with bulls failing to negate the bearish pattern during the latest rally in the ETH / USD pair.
Technical indicators have turned bearish on the four-hour time frame and are currently generating sell signals.
Pattern Watch
Traders should note that a bullish inverted head and shoulders pattern will form on the four-hour time frame if the ETH / USD pair advances towards its current yearly trading high.
Relative Strength Index
The RSI indicator on the four-hour time frame has also turned bearish and shows scope for further downside.
MACD Indicator
The MACD indicator on the four-hour time frame has turned bearish, with the MACD signal line now issuing a sell signal.
Ethereum / USD Medium-term price analysis
ETH retains a bullish medium-term bias, with the ETH / USD pair still trading well above its key 200-day moving average.
The daily time frame is showing a small inverted head and shoulders pattern in play, while an even larger inverted head and shoulders pattern could take shape if the ETH / USD pair moves above the $200.00 level.
Technical indicators on the daily time frame currently have a slight bullish bias, although downside pressures are building.
Pattern Watch
Traders should note that critical weekly support for the ETH / USD pair is currently located at the $150.00 level.
Relative Strength Index
The RSI Indicator on the daily time frame remains bullish, although downside pressures are building.
MACD Indicator
The MACD indicator on the daily time frame is neutral, with the MACD histogram and the MACD signal line failing to issue clear trading signals.
Conclusion
ETH is coming under downside pressure in the near-term after bulls failed to rally the ETH / USD pair to a fresh 2019 trading high during last week rally.
Bulls must start to make new higher price highs and force the cryptocurrency above the $200.00 level or the bearish pattern on the four-hour time frame could soon be triggered into action.
ETHEREUM - ETHUSD - BEHAVING AS EXPECTED - $233 AND MOREHey guys, if you have see my last post on this pair you would have seen/identified that ethereum seems to be in an upward channel.
if this is the case, we could see a drop down soon. currently, we have completed AB wave looking to complete the C wave at around $180. at this point we have a resistance that
could drop price down to round $127-$111.
Another Possibility is - if it breaks the $180 barrier then we are looking at the move up to around $233
ETHUSD looking good and behaving in a good way
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
ETHUSD - COULD IT HIT $180 SOON?IF I AM CORRECT AND ethusd IS FORMING AN upward channel, then we might be seeing ETHUSD hitting $180 dollars in a few days to a week. keep your eyes on xrpusd, and btcusd for the price action as that also affects this crypto
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
ETH - Possible DOJI ReversalThis is the same graph that made me want to short the daily close before the recent DOWNFALL!
- Looking back, seems like a potential bounce could be incoming.
- See the past red & green boxes
- Doji has potentially formed on the daily!
Will be watching today for bullish activity...
- Weekly close should be interesting
- Bullish targets labeled above!
- Bottom shorters could lead to short term bounce
Looking for a LTF entry point...
Logical stop would be below the DOJI
Doji info: en.wikipedia.org(candlestick_pattern)#/media/File:Morningstar-wikipedia.jpg