Ethereum (ETH) Possible rally, long with a tight stop. Good R/R.Ethereum has formed a double bottom on the 15 min timeframe, so we may long here with a stop loss at 200 due to a possible stop hunt below 202. I believe we will rally to 212.
There is also a very slight chance of rallying to 232 USD based on past BTC patterns.
Long:
205
Stop Loss:
200.35
Take profit:
212.7
232
237
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ETHXBT
Ethereum (ETH) Will test 200 soon. Short the top. Fractals.Ethereum has dropped below 220 and is currently trying to retest that level. However, the price looks very weak and has a high chance of testing 200 before rebounding or falling through. I have come to this conclusion after testing previous fractals and doing fib analysis.
Therefore, we may short Ethereum.
Short:
219 USD
Take profit:
203 USD
Or alternatively set a stop loss to lock in profits if it looks like the 200 level will not hold.
Stop loss:
221.20 USD (Reduce 50%)
223.70 USD (Final stop, if it breaks this will be bullish)
If Ethereum breaks 221.20 and 223.70, we may expect a 230+ Ethereum, so you may long then.
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Ethereum (ETH) High chance of testing 215 if conditions are met.This idea is a little bit different, and will be looking at the smaller timeframes. So far Ethereum seems to be weakening and failed to push higher. I can see it drop around 3%, which would make it a good scalp. Currently waiting for confirmation.
On the 5 min timeframe, Ethereum dropped below the cloud following a bearish TK cross and now has successfully tested resistance. If we fail to break through and get another William Fractal, it is a short signal.
Short:
221 USD
Take Profit:
215 USD
Stop loss:
If we push above 222 and trade within it for some time, get out. Alternatively, you may set a stop at 224.
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Ethereum (ETH) Short the rally, 20%+ expected gainEthereum has been one of my biggest winners this past month, and I have been shorting it since 300. Right now there is no evidence we have yet reached the bottom, and despite the correlation between Ethereum and Bitcoin, Eth has been slowly declining.
I believe Ethereum will reach 150 USD and my long term target will be 110 USD.
Right now we are looking at a consolidation zone, but Ethereum at 200-215 is a golden short opportunity if it ever gets there. I believe there is little chance we are going past 200 USD currently.
Therefore, you may short Ethereum
Short 190$+
Reduce position/stop loss
210$
193$ if you are using high leverage.
Take profit:
178$
157$
130$
I am currently short Ether from 210, and on my alternate account I have recently entered a short at 192.
I am short Bitcoin from 6700 and will add if it ever retests 6600.
Thanks for viewing! You may find my thoughts on other altcoins such as Tron in the related ideas section.
ETH Analysis 8/7/2018
Welcome! I've been learning/praciting technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice in anyway and is meant for entertainment. PSA: Don't look for advice from random people online- learn and create your own ideas for trades!
Daily:
Right now ETH is finding support at the June low after dipping a little under it last week. Last week was quite bearish for ETH and I'm not sure it is going to get any better yet. The July low acted as resistance overhead when ETH tried to rally.
4H:
ETH has created a couple of higher lows around 400-401 yet a series of lower highs has also come with these(more detail in the hourly chart here: ). You can see a retail bear flag pattern forming as well. The lack of strength in the rallies from these levels leads me to think we may see a downward move towards the April lows. If we reach this area I plan to be a buyer as I think the Risk-Reward Ratio will become very nice.
Trade Scenario:
From around 365, I'll be looking for a bounce to the 400-410 level and definitely take some profits then. If price action looks good there I will hold and look for higher targets for profit taking.
ETH EUR H1 - Surprise!ETH came back in its previous bearish channel after this surprising short squeeze; but the trend seems to follow back the fractal: this pull back make me strongly believe ETH will dump until it bounces on its main daily channel (black lines).
So, why such a dump until this level? Look closer at the BTC/USD chart: BTC maitains its level since 3 days as ETH has formed a H&S :
The reason for this is found in the ETH/BTC chart :
Since 4 days, ETH/BTC is bleeding out and that's why ETH moves are so bearish.
We know that ETH and BTC are linked, so the question is what will happen when things will go back to normal?
2 possible scenarios:
1st: ETH will pump, initiating a BTC pump
2nd: BTC will dump, ETH will also go bearish but slower and gaining in BTC at the same time, and after bouncing on their daily bullish main channel, they'll start the bull run that everyone is waiting for.
2nd scenario seems the most possible to me, as I'm expecting now a long squeeze after the short one ;-)
By the way, there are many lines on the chart, the purple one are describing the way I think ETH will take :-)
ETHUSD returning to meanEthereum re-entered the exponential growth channel recently.
White line represents ETH mean.
If price breaks below channel, then it signals that the tech has fallen into the chasm and unlikely to progress towards adoption. The rate of adoption is too low to consider
a move away from long-term exponential trend to logarithmic growth yet. This occurs at peak adoption. Currently adoption appears to be decreasing, not increasing!
However trend is still exponential in my opinion.
Here a schematic of tech adoption life cycle featuring The Chasm muhahaha: cdn-images-1.medium.com
LONG ETHU18 Leverage 7x entry below 7158This signal was shared to our Premium Members yesterday at 11.oopm UTC.
Open LONG position with 7x leverage
Entry zone: 7135 to 7158
Target 1: 7210 - reached: 5.1% profit
Target 2: 7280 - reached: 11.9% profit
Target 3: 7348 - reached quickly: 11.6% profit if you managed to get the top !
Target 4: 7418
First 3 targets were reached ! Move your stop losses accordingly to secure your profits !
ETHUSD is ready for a moon journey?Before the end of the year there will be a partial transfer to POS protocol. ETH will reach previous heights once it start work.
ETH repeats chart of BTC in the long and in the short term, so if BTC according to our previous analysis succeed then ETH has a great chance to gain previous price height.
According to the Technical Analysis, a triple convergence on indicators is shown on the daily timeframe. If price decrease continues then it is just a sign of further consolidation before rise. Moreover Fundamentals about POS transferring suggest that the Triangle will be broken upward and it will enhance growth speed
Zoomed Outlook On ETHBTC PairFollowup on my last ethbtc pair post. The more I look at the pair, the more I feel I should have posted that last one as Neutral rather than Long. There are conflicting indicators going both directions.
There are several really interesting things going on here on the 2D chart. First of all the macro-pitchfork is looking good. We are sitting around the median line, which is neutral territory. There seems to be a bear div on RSI that looks eerily similar to the last top. Most interesting of all is the potential for a three-drive pattern to play out. Traditionally you look for 1.272 fib extensions of each wave down for the next upper target, then a 0.618 fib retrace. But this is crypto, so to hell with traditional guidelines, right? What we've been seeing is ~416.8% extensions on each run up and ~86% retracements.
This post is just to give you an idea of the overall trend, still very bullish, but neutral/bearish near-term. Not shown here, but the weekly chart shows weekly RSI bear divs throughout each run up, so perhaps it is a continuation signal with this pair.
Last three drive could reach as high as 0.625 by August, 2018.
Also I thought was interesting, although this will change over time, is that the "flippening" so to speak, would occur at a price level of 0.1728 eth/btc if the current circulating supplies of each remained constant.
*THIS IS NOT TRADING/FINANCIAL ADVICE*
Expecting correction on ETHXBT (historical)(TL;DR: ETHUSD lagging behind BTCUSD) We've seen ETHXBT hover above and below the 0.1000 mark since the turn of the new year. Now that Korea has OK'd cryptocurrency trading in addition to pledging to act against the bad actors, we have a boost in the market. BTC is being traded via traditional US exchanges, amplifying the boost. I'm expecting ETHXBT to jump back up to somewhere around 0.0975 and possibly up past 0.1000 due to historical prices and recent news (CSE launching ETH-based security exchange for Canadian security offerings).
ETHH18 | ETHBTC | Under consolidation until volume shows upFor the past week, we have been hovering around the 0.96-0.103 level for ETHBTC. I expect this to continue given the decreasing volume that we're seeing. If there were spikes in volume, I only expect those to test and bounce off the 0.96 / 0.103 support & resistance levels with a potential breakout if there's high volatility.
A Quick Glance at the ETH/BTC PairI'm going to try and post more about some popular pairings and other large-cap coins.
My initial thoughts on the ETH/BTC pair are bullish. We have broken two key downtrend resistances, with a clean bounce off the first and awaiting confirmation on the second. The cloud is bearish, however there is a kumo-twist in the near term which gives a signal at a potential breakout above the cloud.
The pair saw a nice bull div on that most recent tumble, and we have since rallied. I am now seeing a hidden bearish continuation divergence (higher high on price, lower high on RSI). For this reason I thinking the orange path is the most likely.
Overall, I am long on the ETH pair.
Likely targets would be the 61.8% and 50% retracements from our recent high, 0.112 and 0.108 respectively. Super optimistic/long-term targets would be the 127.2% and 161.8% extensions at 0.13 and 0.14 respectively.
I will post a followup chart looking at the pair from a larger time frame.
*THIS IS NOT TRADING/FINANCIAL ADVICE*