Ethusdcrypto
ETH RISING WEDGE 845$ !!Traders,
Here we have ETHUSD 1D chart.
The rising and falling wedge patterns are similar in nature to that of the pattern that we use with our breakout strategy. However because these wedges are directional and thus carry a bullish or bearish connotation.
Here with EThereum we have a perfect wedge, but we have many important points to discuss:
1-vol makes anybody be confused to believe it or not especially that we had many many ico scams for ETH nowadays.
2-Retesting may lead us to form a bearish H&S that will lead us to lower low again.
3- VP created a strong resistance equals the biggest one on POC point.
4-After touching 200$ level we need to look sharply to watch any hooks that will lead to a Perfect Breakout stops at 1st red box and catch the retest from there.
5-Again catch the retest of the wedge not the break point.
This chart made me remembering this idea:
Regards,
Mohsen
Ethereum corrected 85% from its ATH 1420$Ethereum corrected 85% from its All Time High 1420$. Going under a falling wedge from May/2018. If ETH break this wedge upside only then we can see ETH to go up. Cryptocurrency correct between 70 to 85% from its ATH. Ethereum corrected 85% till now or may go to 90% correction where Ethereum has a support at 130$ ETH will go to 130$ if Bitcoin cross below 5800$. Current immediate resistance of ETH is at 254.26$ and immediate support at 191.46$
ETH may continue SOUTH as BTC's ETF is refusedETH is about to touch the upper line of the downwards trend line and most likely to continue lower. Interesting enough is that the trend has 2 upper lines and only one lower. This gives it more resistance when ETH may try to break up. Given the moment and based on analysis ETH should go down, however cryptos are very unpredictable when it comes to news, therefore something new about it can change its course.
Do you think ETH has a tight link to BTC or is more of a self standing coin?
ETHUSD to experience a brief drop before bouncing backEtherium is expected to drop in the following days and test the support. Due to the unfinished downward movement, it can be expected to favor the long position. However there can be a lot of psychological movements in crypto, therefore anything can happen due to news. What would you say? Do you think it will test the support more than it should or is it going to straight go long?
Kenji signals: sell ETHUSDToday, the indicator "Kenji" on the daily ETHUSD chart generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of ETHUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
ETHEREUM HAS 2 DISTINCT PATTERNS...Hey Everyone,
I was looking at some ICOs and ETH prices... wow super cheap... but also noticed a couple of patterns here so thought I would share my thoughts on the current situation I am seeing at the moment...
ETHUSD chart has 2 very clear patterns right now and could be either. I see this as the reason we may still be correcting. I noticed the pattern in BCH and this also applies to ETH, maybe we are still correcting from ATH in which case 2 clear price ranges are pictured on this chart depending on which pattern is the correct one.
If this is C wave from ATH - price is looking to head lower $308 target
If this is wave 2 correction and we recently had wave 1 - $464-421 Target range
And if this 2nd target range is where it lands, we are about to go into wave 3 which is the strongest wave :)
So for now... Safe and happy trading!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Kenji signals: sell ETHUSDToday, the indicator "Kenji" on the daily ETHUSD chart (WTI) generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of ETHUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
Is ETHUSD direct to $430/$400?Hello guys,
ETHUSD is arriving to an interesting level that is to the lower dinamic trend line, sustaining the long term movement, passing around $430/$440.
ETHUSD is in a big triangle, as we can see from the chart and the first contact with the lower trend line could contain the sellers pressure.
In case of breaking of $430/$440 area it can fall to $380/$400 area: if also this area can't stem the sellers pressure it could reach $300 area.
On the other side, if it is able to rebound from the supportive area previously indicated, it can come back to $500 and then to $600, where it finds the upper
trend line of the triangle, rapresenting a resistance area.
All indicators point out important weakness.
As a complement to the technical analisys we prepared this free report, clarifing qualitative and technical aspects of Ethereum:
www.blackswangate.com
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
ETH/USD is close to key place where we can open...ETH/USD overview. Just take a look on chart, price is so close to key level $628 from which cryptocurrency rate bounced several times. That level is a key zone for big players. You can open short near $628 with goal $400.
If price will move down, it could go to $400. But for us that would be the greatest opportunity to buy ETH for so low price.
I need to explain you, why I think only for short, at this moment. As you know there is no news around cryptocurrency. We have silents. It's a signal that Big players accumulate their positions. They do it in a Range moves. They wait till retail traders will get tired to wait, and sell all their positions for a low price. There could be a big moving after huge range. I see that pattern on every marker on Stock, FX and Crypto too.
The 3 possible scenarios of Ethereum and what I'm going to do!Hello everyone
I think there are 3 possible scenarios for Ethereum in the near future.
Possibility 1
So Ethereum has had a very nice uptrend today. The first option is that the lowest point is reached and that we are now going up, to the resistance levels. We can see that in the past, everytime many buyers came in after a huge sell-off, that we were going in an uptrend for a few weeks. ( DEC/FEB/MAY)
possibility 2
Possibility 2 is my personal favourite, that's what I think will happen. In my POV we are going down again to 410, if the volume is low, maybe 360. Under 360 is not happening in my POV.
possibility 3
The thirty and less likely possibility is that Ethereum becomes more stable and mature. that's not going to happen in the near future because of the high volatility in comparison with BTC.
I will put my first buy-order on 410 and my second on 360.
I'm going to wait with expanding my portfolio with ETH, I personally think that it will go down to 410 (possibility 2).
The most things are on the chart.
Let me know what you think!
Sharing your opinion in the comments are well appreciated!