already seeming a little outdated with EOS, NEO and a few others on the scene ready to replace one of 2017's best movers
price action from Bitcoin has lead to numerous formations of Cup and Handle on many strong USDT Altcoin pairs such as ETH/BTC
Death cross on the MA (100/50) will help with the short and then looking to long after it hits $450 level, possible it could go lower if bitcoin prices go down, so just becareful with this in mind
Fib retrace shows best poss support and resistance or use it to set TP points - any questions, join us in our Telegram group
So pretty easy trade, shorting ETH down to previous levels in green box seems pretty safe and price should return upwards towards the neckline of the C&H formation
Sentiment on ETH for 2018? im fairly bearish on this coin, although we may see ATH's again im pretty sure it won't have the domination it had in 2017 due to competition, no user governance, gas prices, kitties you name it... Eth has been a great way to show smart contracts and other abilities for the blockchain, other 'newer' and 'better' coins will render ETH old hat, as for example EOS will be easier to use, better GUI's, more safety features, and most importantly be able to scale up
good trades to you all
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if it breaks down further this play is possible
Trade active
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Trade closed manually
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MA cross throws a Golden, kinda invalidates the set up and best possible shorts
trade closed
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i might have posted this too early and if the price comes down and closes the cross on the candle it can neutralize the signal, if so will reopen trade
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RSI looking to turn bullish, still not happy to short this yet
thanks for your chart, and as I can see there is a chance to make (Cup + Hand) and then it will going up this what I can see in your chart, but if it is double Top it is mean it will g down.
due to BTC price action that will lead ETH/USDT with it, but these are strong levels at the fibs and previous lows
im not sure i would call that a double top, but your eyes maybe seeing something different to me, as double top usually comes into play on bull run and looking to reverse towards a bearish run
mir-igor
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Death crossed used on Daily with 100 and 50 moving ave
majorlee
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@mir-igor, sorry what exactly are you trying to say?
thanks,