Ethusdshort
ETHUSD approaching resistance, look out for potential reversal!
ETHUSD is approaching its resistance at 149.88 where it is could reverse down to its support at 134.42.
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ETH/USD TA Update (Bearish Picture?)ETH/USD
ETH is painting a bearish pattern or ascending channel which by TA it is not good. But to invalidate this bearish sign, ETH needs to hold immediate key support around 142 - 140 levels
and not break the upward green trend-line support. ETH requires to get above this key trend-line resistance at 150 levels or over 6-7% pump from the current price.
If Bitcoin breaks bullish in the next 24 - 48 hours. ETH will follow the King and ride higher too.
ETHUSD potential reversal!
ETHUSD expected to rise up to 1st resistance at 149.88 where it could potentially react off and drop down to 1st support at 134.42.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ETH/USD TA Update (More Upside Challenge?)ETH/USD
ETH broke the inside trend-line resistance around 135 levels and has the potential to retest the much bigger resistance line at 150 regions.
We can see buying volume in the past days and ETH finally started moving upward with the help of BTC moving up too.
EMA cross is likely to happen within the next day to give a signal of an immediate shift in short term momentum.
ETH is about to explode with a few weeks in time.
ETH/BTC TA Update (Bounce at 0.786 Fib?)ETH/BTC
ETH found support at 0.786 Fib level and trading history from Aug to Sep activity. We saw a 7% pump from bottom today,
I would expect ETH to pump 1 more to retest the downward trend-line of resistance before pulling back and potentially form a new Higher Low.
Bearish side if ETH sharply drops to 17300 sats and closes below it with engulfing candle. I'm short term bullish until a retest of immediate resistance.
ETH/USD TA Update (4hr Pullback?)ETH/USD
ETH faced rejection from the key resistance at 138 - 140 area. The price has a pullback to key support between 130 regions. This pullback maybe not be over yet,
We could still 1 more leg down to 127 area. Before attempting to retest again the downward trend-line of resistance coming from peak 157 - 151 levels.
ETH reached an overbought RSI giving extra pressure for a pullback to occur during its recent pump.
I'll be waiting for ETH to consolidate longer between 130 regions before entering a Long position to avoid premature entry.
ETH 2019 Bull and Bear Market - Under 100 or Bottom?
Where will we finish this year?
Will we start a new uptrend on the 7th of January?
Or will we see new lows under 100 USD?
Every Retracement was followed by a dump after the golden pocket was lost.
Trendlines showing possible End of December Dates and 7th of January of new tests of the current golden pocket.
Will it hold and we have the power to come out of the falling wedge and breakthrough all resistances or will we find a low under 100 USD?
ETH/USD TA Update (Bulls Defended Trend-line Support?)ETH/USD
ETH is following the downward trend-line support as the price perfectly bounce right from it again.
Though $120 is a whole number of physiological support also Jan - Feb 2019 trading activity within this price level.
If the price will retest the resistance between $137 - $140 and pullback to $126 area to confirm new support,
I would expect a potential early sign of bulls buying. The market trend-line cycle will probably take 30 days,
expect more sideways action during this period.
ETH hits first target area, more downside to $85! ETH just hit our first target area after nearly 20 days falling from the $156 retrace area down to $122 and then some. From here if we follow market structure price can retrace into the $138-140 area before breaking through $122 and into our target area of $85. Price could theoretically move up to the $150 level where the impulse started but that is unlikely if the market structure trend should continue.
Right at support at $122 some strong buy volume came out which is a little concerning but overall the downtrend looks to hold well.
The Ethereum Market is Still in a DowntrendThe Ethereum recovered to the area above $134.00 during early Asian hours, however, the growth proved looks to be unsustainable.
Short-term momentum and trend have a bearish bias, besides the hunt for a probable low is not over. If that is the case the first resistance above is the 25th November low of $131.15. A clear break there could send the price for testing H4 50 and 200 SMAs at 137.90 and $151.
The bearish trend coupled with the high volatility suggested that the downward momentum has the potential to continue. ETH/USD is running closer towards a big $100 return, last seen in February, amid the falling wedge pattern on a daily chart. But before that the bears need to breakout 125.25 (Feb. 2019 high) and psychological $120 support firstly.
What do you think about Ethereum?
Ethereum aims to $100Hello, dear Traders!
PrimeXBT is at your service and today we overview ETHUSD (inverted).
I invert the ETH chart to illustrate the bearish scenario.
Price is moving inside the channel and we have the next round target of $100 .
But in case ETH breaks the lower line - we will be able to talk about reversal of the bullish movement.
We set this BTC chart on the left for clarity, what can happen according to this price changes, similarity is observed.
Market Cap
$16 035 694 805 USD
Volume (24h)
$6 678 425 801 USD
Circulating Supply
108 865 785 ETH
Share your thoughts, ideas about the market under the chart.
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GOOD LUCK AND LOTS OF PROFITS !!
ETHUSD approaching support, potential for a bounce!
ETHUSD is expected to drop to 1st support at 138.80 where it could potentially react off and up to 1st resistance at 158.50.
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ETHEREUM MUST WATCH(RETEST)Hi traders its JK here again, and today we will be looking at ETHUSD. Pending the undecided move in the market price lately, majority of the crypto price are relatively showing a sign of retesting the previous low(support level)
Clearly shown above is a classical chart pattern called the THE DESCENDING TRIANGLE CHART PATTERN. What is the real fact behind this pattern?
Traders need to know that the real fact behind this pattern is the horizontal boundaries(support).
This pattern is considered to be a bearish continuation chart pattern looking at its current position now.
Now the question is, how do traders take advantage of this pattern?
First of all they need to wait for the pattern to be valid before thinking of opening a position. This pattern becomes valid only when price close below the horizontal boundaries. Looking at the move to retest a low of $138 down to $130.
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