Ethusdforecast
Is ETHUSD strong enough to break the triangle?Hello guys,
ETHUSD is near the upper trend line of the triangle where prices are bridled from several months.
Now we have to see if it's strong enough to break this trend line. Yesterday prices touched the trend line for the first time, in area $545 (R1), but suddenly were rejected by the dinamic resistance, coming back to the area $520. We have to wait and see if it has the strength to try another time the breaking. If it's able to do it, the first target is to be set to area $580/$590 (R2), where we find the upper trend line of another, bigger triangle.
In case of breaking of thi second resistance (R2) the further target should be set to the 200 daily MAto $715.
Indicators don't give us any particular suggest but volume are not particularly high suggesting a weak movement.
To sum up:
1) if prices break R1: $545----> TP1:$580/$590,
2) if prices break R2: $580/$590 ----> TP2: $715
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
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.
ETHUSD Elliott Wave ViewHello Traders,
In this analysis, we will have a look at ETH/USD in the 4-hour chart.
The rally from 04/01/18 low can be sub-divided in 5 waves with an extended wave 3. The rally to 417.59 was completed in blue wave (1) and it pulled back to 362.42 to complete blue wave (2). Up from there, blue wave (3) completed at 712.58 and dipped to 595.35 to complete blue wave (4) and it followed by new highs to 838.24 to complete an impulsive rally from 04/01/18 low.
After ending the cycle from 04/01/18 low, it dipped to 685 to complete the first leg of a 3 waves correction in blue wave (A) and rallied to 742.46 to end blue wave (B), followed by the decline in wave (C) which reached 543.53 – 496.45 areas where it completed 3 swings in wave ((2))/((B)).
Near-term cycle from 05/28/18 low (491.95) ended in red wave 1 at 06/03/18 peak (629.10). Below from there, we are calling the correction to the cycle from 05/28/18 low now completed in red wave 2 at 06/10/18 low (495.25).
As long as ETHUSD stays above ((2))/((B)) low (495.70) we are expecting the crypto pair to extend higher. However, a break of ((2))/((B)) low at 495.70 would expose a full test of 4/1/2018 low before ETHUSD could attempt to turn higher again. We don’t like selling it and the right side remains to the upside.
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.
ETHUSD the most positive forecast within the last monthOur previous extended analysis was based on IHS formation which was broken at past price movement levels. However there is one more chance for Ethereum to complete this pattern.
Indicators are mostly in neutral or bearish state, however it is due to recent growth and entering Ichimoku clouds zone. Hence the growth should continue till the upper edge of green ichi cloud around $690. Situation is very important and crucial as the long term significant Fib resistance level is around $640. Based on the fundamental and technical chart analysis the price has great chances to overcome the resistance. Thus, it becomes possible to consolidate between upper edge of Ichimoku and Fib 0.786 to finish the mentioned pattern.
In case of success ETH will start a new wave of long term growth. However the probability s affected by the whole market capitalization of crypto market which has significantly dropped. It also correlates with BTC price movement. However, the crypto market is in fall state for about a month and there are a lot of sign of reverse.
It is time to buy cheap and strong alts and ETH is one of the top coins you should buy, just wait a bit till it cross resistance level to be sure in the forecast.
Possible move up from this bull flag forming? ETHI have updated the charts on ETH to more of what i am looking at but i want to drill down a little more with my strategy.
First, I want you all to keep this in mind. We could be going down more before going up. Which is fine for the strategy I will be implementing. If you look at the daily chart, we could very well have more downside.
On the smaller time frames we are getting divergences, MACD's crossing and some patterns like this potential bull flag forming that could drive it up. Outlined on the chart above.
It's important to keep the POTENTIAL larger picture in mind, because for this strategy you have to. I am telling you what I am doing, which is laddering buys, very deep on these pairs martingale style to play these bounces. If you have been reading my posts, you know I have been saying btc has the potential to go down to 4k. Where does that leave ether? Probably around 250-300.
This strategy will prevent major loses and allow me to play bounces as they come. Please read up on the martingale strategy if you have not. I laid out where my buys are in a previous strategy. You can structure it however you see fit.
Happy Trading,
-Sherem
EthUSD "Repeating history" Idea for monitoringPrevious ideas have shown similarities of EthUSD to previous year trends (one of these comparisons has been shown using arrows); I extend these ideas to monitor long term EthUSD trends.
Note: this is simply based on history, and doesn't account for any project goals or public perception, and is largely for monitoring simply over any actual analysis.
ETH/USD Correction Wave Cycle Back To $900Predicting A Correction Wave Cycle for ETH/USD Back To $900.
ETHUSD H4hello,
Ethereum just like Bitcoin showing rising Momentum. Candle (1.5 hours to the end) getting closer to TL. RSI is breaking trough TL as well. If rising Momentum maintain direction then firs target will be 762.42 and then 810.47.
Cheers,
Jim
Ethereum bullish price channel update: 4hr tfMy previous post on Ethereum can be found here:
Boundary for the channel in Ethereum (ETHUSD) was redrawn after prices broke below ~$670.18 on April 30, 2018. Previous target area between ~ $818.71 and $839.68 was hit on May 5 with price returning to successfully test the bottom of the channel.
A break below the channel is expected to find support at Support A, which has been adjusted and is now placed between ~$685.23 and $646.08. Any break below support Area A would likely test support B ($623.62 and $597.60). Lines for the channel have been further extrapolated and this indicates that the new target for Ethereum to maintain its current bullish trend is ~$858.46 and $885.75.
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 (ETHUSD) - Bullish Movement. Next Target $765? LONG.! Welcome everyone, hope you all are doing well. Let us look into another trading opportunity.
Ethereum, one of the oldest project in crypto scene, doesn't need any introduction.
Let's look into the daily chart:
INDICATORS:
After touching the bottom of $358 on 1st April, ETH started a new uptrend and has been trying to gain some upward momentum.
Moving Average is curving upwards which means Bullish movement.
RSI is in 60-ish region which is again in favour of bulls.
ADX and DI are giving Bullish signal.
MACD line is already moving above signal line which means Buy opportunity.
POSSIBLE TARGETS:
$765
$891
$1016
$1195
$1424(Previous ATH)
Also note that, BTC price movement will also affect ETH. So, keep an eye out.
P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!
Peace.
Ethereum (ETHUSD) bullish channel update: 4hr tfMy previous post on Ethereum can be found here:
It was mentioned in the post that Ethereum (ETHUSD) was likely going to test the bottom of its current bullish channel before any bullish action that would reach the upper line of the channel. Price action rather continued its bullish action breaking the upper line of the channel temporarily i.e. reaching the target area mentioned in the last post. Ethereum is currently at the bottom of the channel at ~$610.58.
Support beyond the bottom of the channel remains between ~$689.40 and $702.90 and the point of validation of this analysis (POI) is still kept as a price close below ~$541.75.
For Ethereum to maintain its current bullish progression, commitment by the bulls is necessary which = pushing prices back to the upper line of the channel as depicted by the red arrow.
The makes the new target area for Ethereum = between ~$702.83 and ~$725.06.
Price close below the bottom of the channel and also support as shown above could have further bearish consequences for Ethereum with price returning to ~$502.77 or even the high $400’s.
Lastly, the 4hr tf RSI is shown here and clearly does have a negative slope. This implies that the RSI is not confirming a bullish move yet for Ethereum and it is worth waiting for the 4hr tf RSI to bottom and/or resume a +ve slope upwards before starting to consider going long (buy).
Ethereum bullish price channel: 4hr tfPrice action of Ethereum (ETHUSD) from ~$394.06 on April 09, 2018 to present date has been captured in this analysis in a bullish price channel.
The price channel is achieved by drawing the main trend line (in blue) along price lows and then placing the parallel to that line above the price high (~$528.36) made on April 13, 2018 (black line).
The green arrows in this analysis show a possible trajectory for further development in the price action of Ethereum. Support as drawn on the chart is between ~$574.66 and ~$556.10. The upper line for the support area coincides with the main trendline, thus increasing the potential of Ethereum finding support around the support region.
Any further bullish action in the case of a sell off to the support area would be expected to target the upper end of the channel which has been estimated in this analysis to be between ~$689.40 and $702.90.
Point of invalidation of this analysis (POI) is a price close below ~$541.75 at which point Ethereum would have not only broken through support, but also its 4hr tf main trendline (in blue).
Assuming an ideal scenario where Ethereum reaches and holds in the support region, risk on the trade = $574.66 (upper region of support) - $541.75 (POI) = $32.91.
Reward = $689.40 (bottom of the target area) – Point of entry ($575) = $114.40
Risk/reward ratio = 114.40/32.91 = ~ 3.5:1
Look out Below! ETHUSD!Most of the indicators on my chart haven't changed from the last one I posted which I linked below. This head and shoulders pattern has taken a while to form. It's moved sideways for quite a while and now it's pushing down to this 800 mark. If we break this 800 level, expect a push down to at least 600. I see no reason why it wouldn't at this point. We have been in a down trend and it just hasn't moved up and starting to push lower again.
Play it like the Martingale Master does. i will be starting to put buys in from the 700 area in all the way down to 400. If BTC has a strong push down, we are heading to complete the ABCD pattern I posted earlier, along with my top call -https://www.tradingview.com/chart/ETHUSD/bpLwXsit-ETH-USD-I-spy-with-my-little-eye-H-S-pattern/ Also check out my more lengthy post on Ether with the buy zone, it goes a little more in depth
How to utilize the Martingale strategy - When you buy in at the 700 range with the first % of your portfolio, with lets say 10%, the goal is to sell on any bounce up. Most probable would be a bounce from the 700-720 range up to 775-795. At which point you sell that portion. I then will put my buy in place again. If it keeps going down, my average buy in price will be lower as my additional buys hit lower. I can still play the bounces if it goes up and as it goes down, I get brought in at those lower prices. It works great.
Happy Trading,
-Sherem
ETH/USD I spy with my little eye... H&S pattern?!?!Position: Bearish
I am adjusting my lines in from my last call to account for time. BUT to also pose a question that could potentially ratify this down trend! Are we forming a massive head and shoulders pattern?! If we get more sideways movement, we are only going to confirm this. It's do or die time for ETH here. This 800 level is key . It's already tested this level, it might get some support there again. But if it keeps hitting that support point and breaks its, expect a break further down.
The play. How do I want to do it? I will be laddering buys starting from the just above the 700 area all the way down to 400 using a martingale strategy . Love this strat in these vicious down markets. Make sure you read up on it if you haven't.
We'll see what happens, I will continue posting what I see and the plays that I am looking for and that I am most comfortable with at this point.
Happy trading. Pick your points, don't stress and don't use leverage!
-Sherem
Check out my post calling this recent top!
CRYPTO : ETHUSD SHORT SETUP RISING WEDGE + ABC CORRECTION This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
Our Forecast of the next move of Ehereum - ETHUSDThe price of Ethereum 5.55% was subject to huge volatile move on 22 December 2017 when the price hit $460 being the low of the day.
Investors like you may be wondering what the next move of ETHUSD 5.55% is. ETHUSD 5.55% opened at $680 on 23 December 2017, which is slightly above 50% of the price range of 22 December 2017. From a technical outlook, we are watching for the price action at $720 and see if the selling pressure continues. If the price of ETHUSD 5.55% surpasses $720, we will be watching the $780 level closely for the same reason based on our forecast. We will provide a further update on this instrument in our next forecasting report.
Good trading
NinjaTrader Singapore
23 December 2017
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