Ethusdcrypto
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!
Ethereum. Triangle Part
Hey. We enter the long after breaking the boundaries of the triangle. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail:
Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium price of the trend(when the price goes away from the cloud it comes to test it in 80%, my signals on the cloud algorithms are also well sometimes practiced, the state of uncertainty flat (when the price in the cloud is trading). Confirmation of the correction / trend when the price is trading below or above the cloud, the entries in the position and much more shows this my wonderful indicator. The indicator took me enough time, and if you are willing to use it, it will cost you a small amount of $ 10 per month. Put likes and subscribe, so you will give me motivation and fight with my laziness. All the best
Ethereum crypto currency strongly reacts to monthly demand levelEthereum crypto currency ETHUSD is reacting strongly to monthly demand level as expected and analysis in previous supply and demand trading analysis and video analysis previous weeks. Strong monthly demand imbalance at 357 took control and Ethereum started to react to it very strongly creating new daily and weekly demand zones. Longs at new daily and weekly demand levels
Signal #5. ETHUSD. SHORT. Diagonal Triangle
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ETHUSD wait for the signal!On ETHUSD there is a strong downtrend, but the price still can not breaks the main support line at $579,46. RSI and Stoch shows that we should sell. I'm going to open a little short position now, but its better to wait until the price breaks the main support line and closes under this. I will update this idea, or make a new if selling is totally safe.
Follow me for new ideas:)
Have a good weekend:)
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Etherium being squeezed, watch for a potential bearish breakout!Etherium is currently being squeezed against major resistance at 987 due to our ascending support line pushing it up bit by bit. We can see major resistance at 987 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at that level to push price down towards 781 support (Fibonacci retracement, horizontal swing low support). We do have to keep an eye on our ascending support line as only a break of that support line could signal a bearish acceleration in price.
Stochastic (34,5,3) is seeing major resistance at 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ethereum Short tf (4hr) analysisEtherium made a high of $1417.96 on January 13 2018 and hit a lot of $565.53 on Feb 6, 2018. Price action for Etherium can be described as operating in a bear channel for now. The main trend line (over price highs) is drawn with its parallel used to connect price lows to form the channel.
Price action currently is close to a resistance area for the channel. The key areas to watch are Support 1 and Support 2 as drawn on the chart.
The range for Support 1 is: $903.11 and $871
Range for Support 2: $787.17 and $753.28
If support 2 is overcome, then it is possible for bears to drive prices down to as far as the bottom of the channel which is ~ at $387.
The alternate scenario would involve the bulls breaking the bear channel. If this is the case, then price of Etherium could reach as far as $1721. This target is calculated by taking a vertical measurement of the width of the channel and projecting it from the break out point above the bear channel
Finding Mr. Bottom, looking at ETHHi guys,
So I have had a look at BTC, link below, to address the question in my mind and maybe others out there too, are we at the bottom? and while BTC to me is a bit unclear, I'm looking at the ETH, the second most dominant chain with (~22% share of the crypto world).
As you can see, we are technically currently at 22 Dec 2017 levels, the nearest level that has supported prices and just under the 200 Day EMA. My belief is that if we are to get some stability in the next few days over the 200 DEMA and not a breakdown/violent reaction after the SEC and CFTC hearing tomorrow, then there is hope for the end of this 40 days of hell in crypto.
Rapid up movements are also not a healthy sign, as a trap may form. I think the prices need to 'breathe' for a few days at least, something that has been against the nature of this asset in the recent past but at this point its a much needed prescription.
***Disclaimer***
- This information is not a recommendation to buy or sell.
- I am not a pro trader, but someone learning technical analysis , as i go along, constructive criticism and positive feedback is most welcome :)
ETH ETH BABY!!Ethereum has been finding some good support since the selloff and has formed a symmetrical triangle, which most traders know is a continuation pattern.
However in this situation a break could happen to the topside or to the bottom. We will be patient while the market shows us our next move.
A break below $1000 will most likely result in more sellers stepping in driving the prices lower, we can anything between $700 - $900 should the bears win the battle.
A break above $1100 could signal the bulls to push the prices higher, in which case I would expect a target around $1200 - $1400 if there good price action confirming the breakout.
Feel free to discuss this trade idea with me.