7K ETHERIUM BY NOVEMBER?This analysis strategy worked well prediction the BTC drop from 53K to 42K recently. Same strategy applied here and you can see the market is ready for BIG GAINS! I'll leave the link to the other IDEA here.
The chart is self explanatory. There are similarities in the chart patterns and RSI patterns from 2 different points in time which LAST TIME led to a "predictable drop" (BTC 53K to 42K)
If it follows the pattern precisely, we can IDENTIFY GOOD BUYING OPPORTUNITIES and SELLING OPPORTUNITIES!
Ethusdidea
ETHUSD - $5000 IncomingCOINBASE:ETHUSD
The next leg up and we shall hit $5k+
exactly $5120 is 1.618 fib level - very easy to long now.
TA: It hit the most recent and strong support 3 times if the see the current purple line price is around that area only.
Consolidated and we are ready for a the pump now. A few more days and we shall see $5k+
ETH potential patternHi everyone,
Today I would like to bring your attention to the possible pattern on ETH.
Take this as you will, but I think where we are now is eerily similar to 5th of September 2017.
Both in 2017 and recently we had a rising wedge consolidation with a massive blow off top forming after breaking up from the wedge.
The blow off then retested the bottom of that wedge as support, bounced and retested the ATH. After the retest of ATH we get a sharp correction and a test of formed bottom.
ATM we haven't yet tested the double bottom that was formed at $2400, and really there is no way of knowing whether ETH will get there. But if ETH does get to $2400-2600 range and holds that as support, I think there's a good chance ETH will target $10k and maybe more.
See the image below for the pattern in September 2017.
Please do leave a comment below,
Thanks.
ETHUSDt signal (LONG)Hello friends.
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Everything on the chart.
open pos: 3300-3400
target zone: 3600-3700
stop: ~3220 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
Good luck everyone!
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Ethereum- New leg down on medium term?The rise for EthUsd has stoled above 3k exactly in 61% Fib retracement of the big May drop.
At this moment EthUsd is trading in a range and if bulls can't manage to keep 3k intact I expect a new aggressive wave of sells.
In such an instance 2250 is my first target
Ethereum above 3.3k would change my bearish opinion
Another dump for ETHUSD or straight up from here? Crypto has been mega bullish lately and the king of altcoins holds its price as other L1 and L2 competitors find astronomical gains in this bull market. From a technical perspective ETHUSD may need another push down to wipe out overzealous longs before it is able to push up to test the all time highs.
BULL CASE
If the bulls find conviction, we think the 4500 levels will be tested and blown through before downward correction to retest it.
BEAR CASE
It might not be economically optimal for market makers to push price up from here. After all their job is not to make everyone rich. We think a correction down to 2920 may be in the plays to liquidate traders before price can find conviction to the upside.
Eth consolidation Eth breakout from flag pattern
Consolidation at resistance
Expecting breakout or further move
From start of next week
Resistance lvl of 3290 is tested thrice already
Bears seems to be fading
Incase of uncertainty down side support 1 cannbe 3200 thereafter 3160-3120 zone
Trend rider only, not opening fresh position
As risk to reward won't be favorable
Happy weekend, happy trading
Ethereum- Pin Bars before correctionAlso Ethereum looks tired and a correction could be just around the corner
A Doji candle 2 days ago is followed by a Pin Bar yesterday and this give me reasons to expect a drop soon.
Above 3200 sellers seem strong and short term sellers could have at least 2800 as a target
A daily close above 3250 would negate this scenario
ETH looking at minor pullback before shooting back upFinally Crypto good days are back.
ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back.
I have highlighted the area of value which could be a good option to go LONG.
It will need to break current Resistance at 3189 before continuing its journey up.