performatrade

ETH/USD - Bitfinex - 05.09.2017

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Análise em Português BR (Analyze in English below)

Depois de 5 candles verdes no semanal a ETH esta fechando a semana com candle vermelho neste tempo, finalizando esta última correção exatamente na linha de 61% de fibo e deixando uma sombra enorme indicando forte presença compradora atuando agora.

No diário o candle de ontem chegou a romper a LTA do canal de alta mas parou no 61% de fibo, fechando com corpo dentro do canal e deixando uma sombra considerável, confirmando a força compradora sinalizada pela sombra gigante do último candle do semanal.

Acredito que o preço agora ganhe força para ir buscar o seu último topo histórico, que coincidentemente esta bem próximo da linha de 61% da extensão de fibo, podendo sofrer uma resistência antes que ocorra o rompimento.

Após o rompimento o preço pode ir buscar os 495 dólares caso atinja os 100% da extensão de fibo. E 620 dólares caso chegue nos 161%.

O trade ja esta ativo para mim, fiz uma entrada após o rompimento desta resistência em 318 dólares com stop de 2,95% em 308 (Último fundo do M15).

Outras entradas irão surgir em tempos menores. Postarei quando as identificar. Agora vamos observar como o mercado irá se comportar.

Analyze in English

After 5 green candles in the weekly ETH is closing the week with red candle at this time, finalizing this last correction exactly in the line of 61% fibo and leaving a huge shadow indicating a strong buying presence acting now.

In the diary yesterday's candle came to break the LTA of the high channel but stopped at 61% fibo, closing with body inside the channel and leaving a considerable shadow, confirming the buying force signaled by the giant shadow of the last candle of the weekly.

I believe the price will now gain strength to fetch its last historical top, which coincidentally is very close to the line of 61% of the fibo extension, and can suffer resistance before the rupture occurs.

After the breach the price can fetch the $ 495 if it reaches 100% of the fibo extent. And 620 dollars if it reaches 161%.

The trade is already active for me, I made an entry after breaking this resistance at $ 318 with a stop of 2.95% at 308 (Last fund of M15). Other entries will come in shorter times. I'll post when you identify them. Now let's look at how the market will behave.
Comment: Novo ponto de entrada / New entry point:

ETH esta preso agora entre a média de 200 do H4 e uma região de suporte/resistência muito forte, que se rompida pode liberar o preço para ir buscar o topo do canal como mencionado na análise. O BTC subindo pode ajudar bastante neste rompimento. Da para pensar em 15%. Entradas podem ser feitas logo após o rompimento ou no pullback.

English:

ETH is now trapped between the 200 H4 average and a very strong support / resistance region, which if broken can release the price to fetch the top of the channel as mentioned in the analysis. The rising BTC can help a lot in this breakup. Give to think of 15%. Entries can be made shortly after the breakup or on the pullback.

Comments

Thank you for your analysis. What will be the next good entry point?
Reply
performatrade aliakber2k10
@aliakber2k10, ETH is apparently correcting in the region of the average of 20 in the M15. Entrys can be made when the price goes back to the average.



However, it has risen 20% today without a more significant correction, which makes it risky to enter now and end up buying a top. I think the best thing now is to wait for a bigger correction up to at least 50 or 61% to then make a new entry with more security.
+1 Reply
aliakber2k10 performatrade
@performatrade, Thank you for your kind reply :)
Reply
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