ETHUSD Stuck on the volatility zone. Buy the pull back.Pattern: Channel Up on 1D.
Signal: Bullish near 225.00. It is a symmetrical pattern of the April-June uptrend.
Target: $360 (just below the Resistance Zone).
Ethusdsignals
ETH/USD LONG set up on pullback ($220)Buy ETH/USD
Entry 1 192.20
Entry 2 189.14
Entry 3 187.96
Sl 181.19
Tp.1 200.42
Tp.2 205.42
Tp.3 210.10
Tp.4 214
Tp.5 220
Tp.6 240
ETH/USD LONG SET UP ON 4hr Buy ETH/USD
Entry 1 155.30
Entry 2 152.60
Sl 150
Tp.1 160
Tp.2 166
Tp.3 170
Tp.4 178
Tp.5 186
ETHEREUM is a 2nd chance for those who missed out on BITCOINI have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study:
I am not going to go into much detail on this analysis. The candle action resemblance of ETH with BTC's first cycle is striking. I am gonna leave this to you. Do you think ETH is another opportunity for those who missed investing on BTC's early years? Let me know in the comments section!
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ETH DOMINANCE Bullish DivergenceWith Ethereum approaching again the 1W MA50 on the dominance chart, I thought it would be a could time to look at its key indicators, RSI and MACD. Both show a Bullish Divergence despite trading on a Falling Wedge printing Lower Lows.
Do you agree with this chart?
ETHUSD Buy SignalPattern: 1D Falling Wedge.
Signal: Bullish as the price is approaching the Support Zone and the pattern is close to exhaustion.
Target: 230.00 and 280.00 in extension.
ETHEREUM to $800 before the end of the yearETH has reached an important support level consisting of both the Higher Low of the 1W Channel Up that started with the 2018 bottom and the MA200. This technically creates the ideal long term buy entry.
Since the 2019 uptrend strategically and methodically targets the Lower Highs and Lower Lows of the 2018 Bear Cycle, it is logical to assume that the next target for Ethereum is $800.
ETHEREUM bulls should be happy with this cross!Haven't looked into Ethereum for a while and the reason is because it has been trading on an incredibly steady bullish pattern. The price has been accumulating, then spiking to a standard peak, profit taking. Then the process is repeated.
What stands out as the strong signal of an upcoming rise is the crossing of the MA50 and MA200 on the 4H chart. The MA200 always supports while the MA50 directs. Once crossed they remain aligned for a while (essentially the accumulation phase) before the MA50 breaks upwards again, delivering the spike. The RSI pattern is also similar.
Currently the two MA periods are crossed so I expect ETH to accumulate. Good time to load more longs in my opinion for a break above $320!
ETHUSD Steady rise to 198.00.Ethereum is on a Rising Wedge since it bottomed in December 2018. Every top has a decreasing rate of -34%. This indicates a slow rise to 198.00 in June before ETH either pulls back for a final accumulation or breaks the Rising Wedge aggressively upwards.
Ethereum buyers shouldn't worry and here is why!Cryptos have a habit of repeating some patterns over and over again. Ethereum is no different.
I took a closer look to Ethereum's bull market and in particularly 3 fractals which all appear to share a similar candle action to ETH's price volatility from October 2018 to date.
Initial price drop, high volatility (consolidation) with an obvious Resistance and then aggressive rise. The exception is Fractal B which consolidated longer (almost twice as long) making a re-test of the initial drop/ low (even slightly breaking) it, before it broke out. It did however increase much more than then other two (around +4,300% as opposed to Fractal A +1,800% and Fractal C +480%.
Assuming that ETHUSD hit the bear cycle's bottom in December, we can expect it to start rising more aggressively on the short term. If I had to make a pick one Fractal of the three to fulfill this scenario that would be Fractal B as in duration it is much more similar to Bitcoin's expected consolidation phase. In that case we have roughly another 175 days of trading between the cycle's bottom ~80 and current Resistance ~ 185.
Do you think ETH bulls need to worry? Hit me with your estimate in the comments section!!
ETHUSD On the verge of a bullish break-outEthereum is close to a 3rd test of the 168.50 1D Resistance. If it is crossed, then the 1D Triangle is broken and the price should target the next 1W Resistance at 250.50. Buy on the break out.
My long term outlook:
