I posted a previous analysis focusing on Ethereum's breakout of the wedge on the 1st of February; I had expected Ethereum to reach its previous resistance as I had marked with a trendline but it instead exceeded my expectations. As the market cools off I will be looking to trade Ethereum between these Fibonacci retracement levels. We recently found support on...
COINBASE:ETHUSD has been performing well in the past week, it has seen a lot of battles due to the extreme volatility of COINBASE:BTCUSD . As shown on the xRSI_KDJ_SMA indicator, Ethereum appears to be bottoming out, I believe this is a good opportunity to long a retest of the upper resistance. I will be taking profits between now and the upper resistance line...
A third bounce off the upper trendline of this Ascending Broadening Wedge would be a bullish confirmation. We have not yet touched the upper trendline since the 15th of January so trading this from here would be quite risky. Unfortunately, Bitcoin was seemingly rejected just south of the Ichimoku Cloud on the 18h timeframe. Until we see more bullish...
As I have stated many times in previous analysis, I am bullish on Ethereum. I have adjusted my Fibonacci levels to attune to the previous high we recently made, we've been trading sideways-downward in the channel I have drawn. Using the Fibonacci .5 as a Support level and the bottom of the channel I believe Ethereum will now bounce up to the .786 level and test...
If it wasn't clear to you yesterday, the day before, or the week before that.. Ethereum is bullish ! We have seen some highly anticipated but unexpected bullish price action in these past 24 hours. Trading my previous analysis with the Fibonacci levels would've given you some clear direction as to where you would benefit from taking profit (1350-1355) on the...
Ethereum has been really nice to trade these past months, a continuous practice of buying low and selling high has been a large part of my success in the market. It is to be expected that we bounce between the .618 and .382 Fibonacci levels until volume returns. If we were to break down below I would expect us to revisit the .236 Fibonacci level; therefore I am...
I predict that we will re-vist the upper levels of $1440 in the short-mid term in this AB=CD pattern Risk management is essential, please study before you risk any money on the market.
If Ethereum was to break out of this pennant we could see a measured move up to $1900. I have said time and time again that Ethereum is very undervalued in terms of both it's Bitcoin and USD valuations. BTC Dom has recently shown signs of a start to a huge alt season which I am extraordinarily happy to see. If you need convincing you should check the history of...
Ethereum has been showing strength by strength, will the bullish momentum continue throughout this day as we form an ascending triangle. This pattern is a bullish pattern based on the higher lows we've been seeing. Use risk management and trade safely, I am a strong believer in Ethereum and there is no reason for me to be bearish on a long term even if this...
This chart is an extension of my last idea. I drew the Fibonacci retracement from the last high to the recent low and it coincidentally matches up with my T/A. I'm even more confident with my idea now if this plays out; nice profit! Trade safe with a stop loss, the stop loss on this chart is just below the previous low in case we form a double bottom pattern,...
This is in my opinion the best time to go long on Ethereum. If I am correct then that'll be the fourth time in a row, please use proper risk management when trading and remember the market is unpredictable. The best way to trade this right now is to focus on where the support and major support trendlines are. If we go based on this it means we have an idea where...
Such a nice place to go long, use risk management! No financial advice, check out my previous market predictions and follow for more!
Ethereum has recently been making consistently higher highs and higher lows. I strongly believe that Ethereum is extremely undervalued in terms of its USD value and there's absolutely no reason to be bearish. I had previously made extremely accurate predictions in terms of both price action and I'm ready to do it all again. Please practice proper risk management!
The trend is our friend till the end; I'm expecting a raise to $1240 once we hold $1100 as a support level. Remember, it's better if this happens at a more gradual pace to reduce the risk of a large sell-off. Have fun and remember to use correct risk management when entering!
Quite a nice long setup :)
If you're bearish, this is the only chart you'll need for daily. Firstly, looking at the volume this might be it for the bull run, the volume looks as if it's really running out of steam. The MACD is also looking like it's ready to tick red in the upcoming weeks. Key levels are as follows - : The main support levels are found between $11,200 and $11,300 as...
Again you can see the volume has lowered today, gold is taking an absolute battering and BTC is to follow. The bear flag seen can also be seen on the higher timeframes from the recent price activity prior to the recent dump. Check out my analysis from earlier today; in connection, this what I think is going to happen including my predicted price. It's in plain...
1. The Daily MACD is once again ticking bearish after the previously consistent bullish streak. I believe this is no mere coincidence; multiple factors are having a big play in the way BTC is being affected. 2. The volume oscillator shows us even though there was an increase in volume yesterday, the price of bitcoin was negatively affected. This is no doubt...