Ethusdshort
Can ETH Maintain Momentum?Hello traders! Good morning on the East Coast of the USA. Hope you all are staying safe on the charts and out in public! Earlier this morning ETHUSD decided to take off and break through trendline resistance (see below). I have to be honest, the significance of this is very small.
The real question is if ETHUSD can maintain this momentum. If it can there is hope for a lot more gains. On a separate post on BTC, I mentioned how double top and head and shoulders at times play out (check it when you have a chance). The short of it is when I see an asset/commodity quickly selling off after its been on a lengthy trend and subsequently creates a base for a short period of time, my immediate though is Top Reversal Patter .
Let's take a look at a momentum indicator.
Above, momentum is analyzed using the Squeeze Momentum indicator which is a great tool for capturing divergences and highly suggest looking into it. With ETH potentially putting in a new high close, there is a possibility a bearish divergence might signal the slowing of the trend. I'd like to note that RSI and MACD are not posting divergence on lower time frames. This is typically the case on strong and quick moves.
Furthermore, price action is tying into a lot of what I am seeing with equity markets. Each are nearing the top of a short term trend. I'll be looking for short entries and will 100% not rush into them. Stay safe and like and follow if you enjoyed this content.
ETHEREUM / U.S. DOLLAR (ETHUSD) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
ETHEREUM / U.S. DOLLAR (ETHUSD) WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
ETHEREUM / U.S. DOLLAR (ETHUSD) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
ETHUSDT - analytics of corrective price growth!Good day to all crypto fans! Let's analyze where we expect the price of ETH in the near future?
Locally, the ETH price completes the corrective movement in the fourth wave, followed by the local fifth wave. Levels are marked on the chart. After which, most likely there will be a slight correction to the level of 142.42 and subsequent growth.
Price moves in an upward channel in its lower part. It is indicated on the chart. Punching and fixing above the level of 150.45, the price will go to the level of 169.30 or the middle border of the channel.
According to the indicators on the hourly timeframes, the local corrective movement may continue. The fourth wave is often heavy and unpredictable. On the daily timeframe, the upward movement is not yet complete. Therefore, upward movement to the levels marked on the chart remains a priority.
Cancellation of the upward movement is a breakdown and consolidation below the lower boundary of the channel or level 139.20.
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Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
ETH/USD (Bullish Pattern: up to 40%?)ETH/USD
ETH is playing inside this ascending triangle with a flat resistance line at 140 areas.
If ETH pulls back to 131 level and confirmed that new support zone.
There is a high probable this pattern will break to the upside because of the 4th higher low is established
and new bullish momentum could spark a strong breakout. Bearish side, if the price close below 118,
it will trigger multiple short entries and potentially drag the price lower.
ETHUSD. The cryptocurrency market will sink over the weekend.Hey.
The price of ethereum will fall this weekend.
It is expected that the price may fall even to the level of support,
there is a second target.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
ETHUSD : If bears are stronger than Ethereum may retrace to 234$Ethereum is currently facing the 245$ resistance level. Bears looks little stronger and buyers strength is weak as of now.
RSI bearish divergence, Volume is getting lower to support the bullish price movement.
If bears become more stronger then the bears will be able to bring ETH price down to 234$ level.