Eth and Crypto in the doldrumsHey guys,
Sorry for the lack of updates. Eth and the crypto market in general has just been in the doldrums and there just isn't anything to update you on really. If we zoom out to the weekly chart we can see that the weekly MACD has crossed, and RSI remains moving up, but we are just moving lethargically. Why? The ETH upgrade got delayed. If they upgrade actually goes through in late February, I expect that we will get some movement, but until then, we are going to be moving sideways. This also plays into the 2 year BTC massive bull run cycle which i find ironic that it seems to be working out so well in fitting into that cycle.
Bottom line, expect some more sideways movement before anything happens. We might get a push up if we get some good Bakkt news, but not much is going on right now. bummer.
Happy Hodling and trading,
-Sherem
Ethusdforecast
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
Ethereum creating Wave 5 little bullish !Hello guys this is ETHUSD 4 Hour Chart, currently Ethereum is on support zone & Elliott wave 4 and pullback from here will create wave 5.
After breaking resistances Ethereum retested the resistances as support by creating and following Elliot wave, so a bounce back will complete the wave 5
ETH H4 RSI Bearish Divergence On the 4 Hour Chart of ETHUSD we have 2 bull and 2 bear target.
1st bull target is 270$
2nd bull Target is 298$
1st bear Target is 167$
2nd bear target is between 110$ - 90$
RSI is showing bearish divergence.
Most likely Ethereum will Break the Red Trend support, we should look at the trend support & Resistance 224.44$. 100 MA will also work as resistance on the 4 Hour Chart.
Ethereum corrected 85% from its ATH 1420$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$
Ethereum Master Analysis for future price predictionEthereum is one of the weakest currency among the major name of top Cryptocurrency. I had posted a analysis of Ethereum to my paid group one month back when Ethereum was 450$ and ethereum broke the trend support line. That time all of my paid group member shorted with 5X leverage and they tripled their total investment in Ethereum.
According to the POL flag Ethereum should go near 60$.
However, on the weekly chart of Ethereum moving averages are far away from the current price and Stochastic RSI is showing oversold for several weeks. If Ethereum hold the support of 138$ then it can jump back to retest 296$ as resistance then it will come to near 60$ according to the POL flag target. If a reversal pattern occurs from 138$ and close above 12 and 26 EMA level then I will close my short position for a short time.
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?