Ethusdshort
#ETHUSD#Ethereum, The bears will continue to celebrateThere was no breaking the resistance at $ 158 like we thought it might be
The last 2 candles were closed in the shape of a star that they would usually appear at the end of the trend and indeed the candle that followed was red
The Ichimoku cloud continues to be a bear cloud and the candles are still below the cloud and the blue line is still above the red line, all of which indicate continued declines.
The price below the 200 moving average line.
Target: $ 131
ETH Short down to $85-90! ETHUSD has finally shown a continued move potential in market structure to the downside. We were waiting for the double bottom to break through and price to pullback into the broken low. Price has a pullback and begun to rotate at the new resistance which can bring the price down to the ultimate support at $85-90. The downside break was on good volume, the volume to the upside swing was rather weak. The ultimate target to the downside is $87.00.
Disclaimer: This trade idea is for educational purposes exclusively, this does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
ETH Breaks support, headed lower, downside to $87.00ETHUSD like other cryptocurrency has been in a recent downtrend and the structure for a continued move lower has just confirmed. The support level at $158.00 needed to hold desperately as a triple bottom, that was not the case. Now that price broke out below we expect a move into the next support of $125, retrace into $158 and move into $87.00 based purely on the structure. The volume on the break lower was increased but we want to see more sell volume come out on these swings to the downside.
Based on a Fib extension price can move down to $87.00 before testing the $40.00 area. That is only if volume starts increasing dramatically as it did in September/October on the moves lower.
OTHERWISE, if there is a rebound on strong volume through $160, we're headed for $210.
ETHUSD bounced from support, potential for a further rise!
ETHUSD bounced off 177.23 where it could potentially rise further to 184.80.
*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.
ETHUSD reversed from resistance, potential drop!
ETHUSD reversed off its resistance at 186.42 where it could potentially drop further to 177.23.
*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.
ETHUSD bounced from support, potential for a further rise!
ETHUSD bounced off 182.78 where it could potentially rise further to 193.65.
*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.
ETHEREUM DAILY ANALYSIS - DOWNTREND?Hey traders,
From my analysis of the Daily charts I see that price has broke through to the downside of the orange trend line.
Price also formed a bearish pinbar signaling a rejection of the 2nd retest of this same line.
Using a simple 50 day moving average, we see that price is trying to break below this.
Daily trade analysis and ideas:
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Ethereum (ETH) to consolidate around $190On Thursday, October 24, the ETH fell further to $160 in a low-volatility session.
Following the general cryptomarket trend, the ETH/USD pair registered some serious gains on Friday, October 25. It added 13 percent to its value and climbed to $181, successfully regaining position above the critical support level of $180.
On Saturday, October 26, we saw it peaking at $198, but bulls could not consolidate properly and only managed to hold to the above-mentioned line.
The last day of the week found ETH moving up to $184. It closed the week 5 percent higher than the previous one.
We expect consolidation around the $180-$190 area and eventually - a test of $200. The opposite would naturally mean we can see the eth dropping below $180 once again.
ETHUSD Long confirmed like Yesterday ForecastedHello to all watching my charts.
ETHUSD jas just jump up nearly exact like i forecasted yesterday.
No it has reached my first target and we can go out or we can wait
on my second target.
Dont know which is the better strategty, that something
unknown in the future and in every trade something
we do know the right decision here only after we have done it...
Good trades
If you want to support my work please like them.
For personal assistance on every position of pair please visit here:
www.patreon.com
I will try to help you.
Renkotrade
ETHUSD Ethereum SHORT BUT LONG CHANCE COMING INETHUSD Ethereum is today in a little fine
upmove and have made higher lows and higher highs.
So if it comes above 162.46 (my Blue Arrow Line) i think there is a chance of a long
and the could last to the upper Blue Line at 166.00 minimum.
Not a big move but maybe a chance to get 3% up
Watch out what happens.
Good trades
If you want to support my work please like them...
and if you want to know more about my trading style
please send my a boardmail.
Renkotrade
ETH (Ethereum) followed the general market trendThe ether started trading on Monday, October 21 by moving up to $178 during intraday. Buyers, however, could not hold to their gains and dropped back down to $174 without being able to escape from the downtrend channel.
On Tuesday, October 22, it lost another 1.7 percent and fell even lower to $171.
We found the ETH/USD pair breaking both $170 and $165 supports on Wednesday, October 23 as the Facebook Libra hearings heavily impacted the whole cryptocurrency market. The ETH coin lost 5.2 percent and closed the day at $162. Bears were even able to push price down to $153 at some point during the session.
The last time ETH was trading this low was in April 2019. The $152-150 zone looks like solid support and was already defended twice in September
ETHUSD Ethereum SHORT have increased SpeedHello to all watching my charts.
ETHUSD now here my follow up : We have been in Short Mode
since yesterday (please check my post of yesterday)
Resistance 174.30 had been broken.
Than lower Resistance 172.70 have been broken also
and after that all bridges are broken and short
has been running in a fast mode .
My channel systems are all fallin down so we have been still
in a very strong short mode.
NO sign for a buy signal. LONG Aeara for now I have shown you in the chart.
More analyzes of Crypto , currenzys are in work and will be post today.
Good trades
Renkotrade
ETHEREUM Downtrend ?ETHEREUM price action (PA) closed bellow EMA 21,50,100, 200 periods, Downtrend. Closed bellow white support trend line.
Rejection at EMA100 (178.25$). Potential bearish continuation. Retest support at 168$.
Volume: decreased.
Indicators: MACD bearish crossover in neutral zone. RSI bellow 50 points. Bearish sign.
S/R: Major Support 152.5$ Support 168$, Resistance 178.5$, Major Resistance 185.5$.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
ETHUSD LONG But Pay Attention 1 HR ChartHello to all watching my charts.
Back here we have a closer look to ETHUSD today
Pay Attention.
My shorttime channel (green) has just broken down a few minutes ago
and ETHUSD is fallin back in the midtime channel (blue) which is stilll long
but thats not a good sign.
So watch out whats coming next.
ETH should not going lower than my 2 blue array line at 172.00
If it is i am afraid the long setup for now is gone,
Good trades
Renkotrade