Line charts not only provide a cleaner version of what your are trading, but a different perspective.
The chart above displays my take on ETHUSD using the 1 hour line chart which is one of my favorites.
While comparing this to the candlestick chart, you will see that this provides a much cleaner and maybe even clearer analysis of what the market is doing.
The...
Corrections are needed for more upward movement :)
The last several weeks Bitcoin has seen amazing price action while Ethereum has been lagging behind.
Finally Ethereum is making moves! Just not in the direction many hoped..
Over the last 24 hours, Ethereum has been knocking out support trendlines one by one. Creating nearly an 8% drop from its local high of...
The last 9 months for the crpyto market has been a brutal place for the bulls and long term hodlers. Ethereum has seen nearly a 89% drop from the top to the recent bottom of $170.
Looking at price action alone, many would say the Ethereum bear run is far from over. However, when taking volume into account, others could say the bottom may be near.
- The Analysis...
For the last 8 months, ETH has found itself in a strikingly powerful downtrend. It is now down ~86% from its all time high of $1400, and down over 30% in just the last couple days..
Currently Ethereum is piercing downwards out of a 5 month Trendline/Channel.
As you can clearly see on the chart below, this is the second time we have found the price below the...
A quick study composed to illustrate the multiple levels of divergence Ethereum has had since November of last year.
Based on this study, short term trend changes typically took place at the second level of divergence on the Relative Momentum Range Indicator . The only other acceptation for this, was the reversal from the top this last January. At that time, was...
Before you read any further I want to state the current market state is extremely BEARISH. There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. I have lost nearly my entire account attempting to catch the bottom on this tumble down. So please do your own due diligence and wait for clear signs of ...
ERC20 Tokens have been booming!
However what good are these tokens without the network on which they were built?
Based on current TA, and the mass accumulation of these tokens running on the Ethereum network. I believe a well deserved ETH rally could be within the near future.
Possibly sending us up over that 1k milestone.
My Analysis:
After a recent rally,...
After what seems to of been months of consolidation, ETH is finally on the move, and very rapidly.
IF we are able to smash through the resistance zone between 390 and 407 I believe this could send ETH into one of its' biggest bull runs yet.
As you can see on the chart, it appears ETH has formed a giant ascending triangle. Now if the size of the triangle...
As you can see from the chart, ETH has been consolidating for some time now.
Some analysis believe, the longer the consolidation, the larger the breakout potential. That is IF it ever happens..
Some key levels to watch out for are the 335 and the 338. Breaks in either of these levels could help ETH gain some very bullish momentum.
IF we break BOTH of these...
As we all know, ETH has seen very little action over the last month due to BTC stealing the show.
However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move.
As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant.
The BULL Cycle:
IF we happen to break through top, I will be...
Etherum has been a stellar play for 2016 but is not looking like it is losing steam as bitcoin rallies to yearly highs. Etherum hype is dying down and I expect lower prices to be tested before bulls are in control again. First target for ETH would be .02 and secondary .015. The 100 day MA is broken and the .382 is being tested right now, once that fails I expect...
