Ethereum ETHUSD SHORT 1 HR Short 2 Supports broken Hello to all watching my charts
Yesterday we talked about the steep steep UP channel
here and now since tonight we got not even a pullback
we got a break of 2 supports and a shortchannelsystem
The second brake has come in at 7.00 am in the morning
today and now we are on a short train here
Right now in this minutes even the great long channel (blue) has been broken
So thats shure a short idea now.
Good trades
If you want to support my work and my charts please like them...
Renkotrade
Ethusdidea
ETHUSD LONG 1 HR Chart 26.7.Hellto all watching my charts
Ethereum has startet the next rocket to the upside
and had stopped the short consolidation aerea.
Now we have a bug jump today out of the normal Long chanel
on the upside to a
steeper channel which is very impressive.
So at the moment i cant say anythong than LONG LONG LOONG
I do really hope you are in a long position.
Good trades
If you want to support my work and my carts please be so kind and like them...
Renkotrade
ETHUSD Ethereum LONG 1 HR ChartHello to all watching my charts
Lets have again a closer look to these ETHUSD Ethereum pair
As shown in my last chart the long momentum has lost
a lttle bit , but we are still long.
The shortchannel is long and of course the longerchannelsystem also
It does not seems to be for me that these pair wiill now jump up to
340 but it has made a big jump from 260 aerea to 310
so we have to be little bit patient for the next move.
And again,. dont trust these " Short, Short " cryers...
Maybe we will have a short situation in the future
but for today there is nothing to see like this here.
Good trades
If you want to support my work and my charts, please like them...
Renkotrade
ETHUSD approaching resistance, look out for potential reversal!ETHUSD is approaching its resistance at 371.18 where it is could reverse down to its support at 311.34
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
ETHUSD Ethereum LONG 1 HR ChartHello to all watching my charts
Here is Ehereum again in the focus.
Still long
But we have 2 moves here.
First and bigger move is clear to the upside (blue trendchannel long)
but my the shorttime system is now even flat. !!
So we have to get an eye again on the bigger and longer timechannel
to check whats going on.
Dont follow the guys which tells you Short, Short, Short..
cause we should have here the rule:
We should trade what is really happens in the chart
and not what could happen in the future...
So till the blue channel hold i suggets to stay long...
No Sign of short at these time
2 Possibilites are in status:
First : The pair ignores the short time flat signal
and is smoothly running further up in my longsyystem (blue lines)
Maybe...
Second: The pair follows the shorttime signal as shown flat in the shorttime system and the long
is over and a more sideways trend will follow.
As a consolidation.
Only if ETHUSD break both channels to the downside i suppest to talk about short.
Good trades
If you want to support my work and chart please like them...
Renkotrade
ETHUSD LONG 1 HTR Chart 21.6.2019Hello to all watching my charts
As driven from good new for ETH this pair
rise massive.
Please check my last Chart 1 day ago "Maybe Trendchange to long is coming"..
So my shortchannesystem told us yesterday to be very cautious
with short and have an eye on of a possible trendchange which really
now 1 day later has been fullfiilled.
And in addition my shorter chanelsystem is going to the roof
to more Long is to come in my oppionion.
Good trades
If you want to support my work and my charts please like them...
Renkotrade
ETHUSD Possible Trendchange to LONGHello to all watching my charts
Here in the Ethereum / USD pair we have a nice situation:
On my longer trendchannel (lines in RED)
we are still on the short side
But i have added now here a my shorter time Trendchannel with 1/2 of the lenght
and as you can see, in that timeframe we are long now !
That happens a lot of time. (different situation longer to shorter timeframe)
-
I think we have to check now:
Jump ETHUSD above the upper trend line at 272 USD
and the Long is confirmed
OR
Does the pairs pull back at that line and short is still
the way to go.
Both is posible.
In first case the shortchannel is to see as bull flag (thats possible)
But always this rules all in my oppinion :
Dont trade what you suggest that will come in the future , trade
only what really happens.
So we have to wait for the long signal , i think , when its confirmed
I will update it
And if you want to support my work and charts please like them....
Good trades
Renkotrade
ETHUSD SHORT 1 HR ChartHello to all watching my charts
In this pair i want to demonstrate you a little bit
the power of my channels
I have draw my longer time framechannel in blue (as always here)
which is Short sind 17.6.2019
And i have brought you here a shorter timeframe channel
which shows you just eaysily the next direction
which is MORE SHORT...
What i wan to to tell is that the down trend has been stronger now.
And to have an idea which the latest direction of a pair is ,
is an important part of trading to verify a position (f.e.)
So stay short if you are in such a position thats what the chart tell us
Good trades
Renktrade
ETHUSD SHORT 1 HRHello to all watching my charts.
Here is my update from ETH Ethereum / USD
Today it broke the low at 265.70 and made no new highs.
So we have now lower lows and lower highs which is
clear indication of a downtrend.
Long is gone AND we have a complete new situation
with the new short channel.
How far can this trade go ?
Always a difficult question.
As you know i hate support and resistance lines
cause in most cases they dont work,
but to give you some advice :
The next bigger support in my eyes is around 253,39 which has
been old resistance (7.6.) and also support (14.6.)
Good trades
Renkotrade
ETHUSD LONG 1HR ChartHello to all watching my charts.
I am starting today a check of Ethereum
and will bring you more Crypto Charts the next time
Why ?
Cause the possibility of trading these pairs in my oppionion has been
dramatically changed to much smaller spreads and daytrading
if wanted , is now possible with positive results.
So lets come back to ETH:
What do we see ?
Its easy:
We have a nice and strong LONG channel
in which the pair is running up.
So run with that in Long diretion so long as the pair continue
in that channel.
I will update you
Good tardes
Renkotrade
Ethereum (ETHUSD) - making moves - What next?Etherum just Like Bitcoin is creating a diagonal
Expecting More move to the upside. Should it
continue to move below the $230 rejoin then
we will see move move down
Please share your thoughts and views on my analysis and don't forget to like it and share with others.
ETHUSD Bearish InertiaETH / USD Price Analysis: Bearish Inertia
Ethereum has a negative-to-neutral outlook as it continues on its bearish pattern. Bulls will need to work hard on this pair.
Ethereum has a neutral short-term trading bias, with the ETH / USD pair testing back towards its 200-period moving average on the four-hour time frame
ETH still retains its bullish medium-term trading bias
Buyers now need to move price above the April trading high or ETH / USD could come under downside pressure
Ethereum / USD Short-term price analysis
ETH has a neutral short-term trading bias, with the cryptocurrency falling back towards its 200-period moving average on the four-hour time frame.
The four-hour time frame continues to show a valid head and shoulders pattern, with bulls failing to negate the bearish pattern during the latest rally in the ETH / USD pair.
Technical indicators have turned bearish on the four-hour time frame and are currently generating sell signals.
Pattern Watch
Traders should note that a bullish inverted head and shoulders pattern will form on the four-hour time frame if the ETH / USD pair advances towards its current yearly trading high.
Relative Strength Index
The RSI indicator on the four-hour time frame has also turned bearish and shows scope for further downside.
MACD Indicator
The MACD indicator on the four-hour time frame has turned bearish, with the MACD signal line now issuing a sell signal.
Ethereum / USD Medium-term price analysis
ETH retains a bullish medium-term bias, with the ETH / USD pair still trading well above its key 200-day moving average.
The daily time frame is showing a small inverted head and shoulders pattern in play, while an even larger inverted head and shoulders pattern could take shape if the ETH / USD pair moves above the $200.00 level.
Technical indicators on the daily time frame currently have a slight bullish bias, although downside pressures are building.
Pattern Watch
Traders should note that critical weekly support for the ETH / USD pair is currently located at the $150.00 level.
Relative Strength Index
The RSI Indicator on the daily time frame remains bullish, although downside pressures are building.
MACD Indicator
The MACD indicator on the daily time frame is neutral, with the MACD histogram and the MACD signal line failing to issue clear trading signals.
Conclusion
ETH is coming under downside pressure in the near-term after bulls failed to rally the ETH / USD pair to a fresh 2019 trading high during last week rally.
Bulls must start to make new higher price highs and force the cryptocurrency above the $200.00 level or the bearish pattern on the four-hour time frame could soon be triggered into action.
ETHUSD - COULD IT HIT $180 SOON?IF I AM CORRECT AND ethusd IS FORMING AN upward channel, then we might be seeing ETHUSD hitting $180 dollars in a few days to a week. keep your eyes on xrpusd, and btcusd for the price action as that also affects this crypto
See previous analysis
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