If eth closes above 3042, then it will go to 3358 according to Fibonacci Retracement. Trade Setup: BUY ETH IF IT HAS A DAILY CLOSE ABOVE 3042, SET A LIMIT SELL ORDER AT 3340 FOR A 9.8% GAIN
Ethereum got a daily candle close above 2725$ (0.382 Fibonacci level as shown on chart). This is a key level for Ethereum and it is VERY BULLISH. TRADE SETUP: (Long Ethereum up to 3042, if it breaks 3042 then hold your long position until it reaches 3358, if it breaks that then hold your long position until 3809$, if it breaks that then hold your long position...
Ethereum has broken the 0.382 Fibonacci level, It will continue to go up and make its way to 3042 at the 0.5 Fibonacci level with a minor resistance level at 2870. TRADE SETUP: ( LONG ETHEREUM UNTIL IT GETS TO 2900 IF IT GETS A DAILY CLOSE ABOVE 2900 THEN TAKE PROFIT AT 3000$ )
ETHEREUM HAS GOTTEN HEAVILY REJECTED OFF OF THE (0.382) 2725$ FIBONACCI LEVEL AND, IS BREAKING MINOR SUPPORT LEVELS ON THE WAY DOWN TO 2333. Trade setup: Short Ethereum down to 2333, wait for confirmation of break, then short Ethereum down to 1800$. (possible 30% gain)
We have reached overbought levels, and are nearing the top of the Bollinger bands indicator. Every time this has happened in the past Ethereum has always went down a few hundred and even a couple thousand. I'm expecting Ethereum to drop to 2333, if it breaks 2333 it could go lower, possibly even to it's 1700$ support. TRADE-SETUP: (Short Ethereum down to 2335,...
Ethereum is gaining support from a key Fibonacci level if it breaks, then Ethereum's next price target is 2325. I am shorting on the way down, and then possibly longing depending on what happens at 2325.
ALT COINS ARE CURRENTLY LEADING THE MARKET Most Alt-coins have already broken the 0.236 support on Fibonacci retracement, this means it will have an effect on the Ethereum and Bitcoin prices. By the end of today Ethereum should be below 2450, and bitcoin will go to 36000 if it breaks 37545.
Ethereum just broke out of it's ascending channel, It retested it and now it's holding a support level, i personally have shorted it but don't believe this is a good entry point if it breaks below 2460 i recommend shorting to 2385 for approximately 3% gain.
Ethereum is touching its support level in its ascending channel if you long to 2700$ with or without leverage you can make a profitable gain (approximately 7%) with 5x leverage that is 35%.
Ethereum is in a Ascending channel, If you trade the up-trends and down-trends with 5x leverage while using the indicator 'super trend', along with support and resistance lines, with stop-losses at the nearest swing high or swing low to prevent liquidation, you can make 10-20% or more each day easily. This is a safe and highly profitable strategy.