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Ethusdtshort

EHTEREUM SHS and CRASH Ethereum price action was farmed Head and Shoulders bearish pattern (Left Shoulder 192.5 Head 195 Right Shoulder 192.55). ETH downtrend closed bellow EMA 21,50,100,200 periods. Potential support green box between 178.9 and 175. Volume: Sell Pressure increased, Confirm bearish price action. Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish sign. Pattern: SHS bearish pattern. ABC correction. S/R: Support at 180$, Major Support 175$, Major Resistance 196, Resistance 185. Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
BITMEX:ETHUSD.PShort
by blockchaintrends
ETHEREUM - A DAY TRADER'S CHART, SHORT TERM TRADING PLAN!The price depreciated by 18% or so in the last week itself and was moving in the falling wedge. Last night, it broke out of the wedge and is now moving between the parallels i have tried to mark. A good amount of scalping can be done using the parallels marked in the chart. This chart is better for a scalper or a day trader, investors stay away! All the marked parallels can be considered as S/R and price is expected to show some movement when approaching these levels. Long/Short positions can be opened/closed accordingly. The color coding depicts the strength of the marked level. Please take care to use indicators such as RSI, MACD, EMA etc. while trading using these parallels. I have not marked them on this since this chart can be used to trade in both directions i.e. long and short. So, marking just overbought/oversold doesn't make sense. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
BITFINEX:ETHUSD
by johntradingwick
ETH ROCKET UPDATE .7 (CORRECTION PHASE) Traders, Here we have ETHUSD 1D chart. Kindly check previous ideas related to this one: Every update I have posted says that we must have a neckline broken and begin a short and correction phase after recovering and the bullish trend confirmed and moved to a good levels in green candles but any pair have a bus stop to correct its way and have a back for a second rally for bull buyers, So here we have a correction with a broken line leads us to 590$:600$ to confirm our flag and three drives pattern directly to recharge its own way again and touching with retest the 0.236 Fib level and stay there for a day or two to know if we have the way back or leading us to the 500$ again to launch a good rally again and that was my humble vision to reach 500$ but 800$ was away back to 500$ but its on bearish market hands now and we still 100% bearish take your own decision and make your capital re-council & management before getting in and exit a trade.
BITFINEX:ETHUSDShort
by MohsenCapital
1
ETH looking to confirm a move downThis ETH trend line is holding up. Once we break this trendline and $700 area as support we can expect a move down to 600. At 600 I will be playing a bounce play. Key, word, bounce play. I will be looking for a move back up to 650-700. At 600 we have: key support EMA's and MA's converging, 50 FIB we should get some support from there. This will probably take a few days to manifest, but we should get a solid bounce if we get there. Happy Trading, Sherem Last call we made money on -
BITSTAMP:ETHUSDShort
by Sherem
13
ETH hitting this massive resistance zone. Time to pullback?ETH has been on an absolute TEAR. We got out of our ETH trade a little to soon, but we made a nice chunk of money then, and if you played my $530 breakout out call, you made even more after that. So we had 2 solid trades and made some money. More importantly, we didn't lose anything . So... Where do we go from here when everything points up? Well, not everything. The daily chart points up, and ALL of the smaller time frames point at being oversold ins some form. ETH/BTC is also hitting this resistance point, please see my analysis on that if you have not: Take a look at these past 675-700 zones. Look at how solidly they held up. Amazing really. These are huge physiological levels, and I would imagine we would get a pull back or go sideways from here. Look at my last chart where I drew those 2 lines and we bounced in between them basically perfectly. Now, look how much time we have bounced around in this 675-700 the last 3 times. Quite a bit. We SHOULD get some type of pullback. But, this is crypto and if it breaks above that zone it will be very bullish indeed. (ETH/BTC would also need to be breaking higher to confirm this) If you are still long, this is a good area to take some money off the table and throw a stop on the rest to lock in profits. Right now, it's a no trade for me, but once it breaks this up trendline, a short position could be in play. To be clear, we aren't just looking for it to move sideways to trigger a short position, we need some red candles to confirm it's going to start moving down where it "breaks" the trendline, and it doesn't just saunter by it. We will have to see how the sideways movement forms to determine if it's a bull flag, or simply getting ready for a move lower. Happy Trading, -Sherem Please Smash that like button if my analysis helps! I am not calling for a complete reversal but maybe it could be? To early? Probably, but I also was too soon in calling the ETH bottom and look how that worked out - More detail on it -
BITSTAMP:ETHUSDShort
by Sherem
8