Ethereum is one of the coins which tend to go the opposite direction of Bitcoin so as I was expecting BTC to breakout soon and I decided to checkout and what I see is a movement down , RSI overbought bearish signal, Elliot Wave Oscillator looking to make one more small red wave before ETH goes green so a downward movement is anticipated..
So my advice to my ETH...
Ill keep it short. Pun intended.
I would buy at 57706, sell 64 or 48262 and hold long
It looks like there will be other buy points, such as 64500, But i would wait. 577 seems too good and on a huge drop 48-51 seems perfect
ETHBTC Daily Chart
I think, it'll try the bottom support line (blue line) again.
If the support breaks down it may fall to red support
If break up the trend line, it move to a new hill
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not...
Hello guys, been a while since I posted a chart or an idea.
But I think Ethereum is setting up to be in a beautiful, beautiful, beautiful short position right now.
I spotted many indicator divergences on the Daily about 3/4 days ago but decided to wait to I actually got more confirmation.
Here it is today.
Right now what I've done is mapped this out to Wyckoff...
ETH/USD (Ethereum token) Semi log scale, 360 minute chart, 05/16/18, 6:07 PM EST, by Michael Mansfield
Hi trader friends! ETH lower first?
BOTTOM LINE: Ethereum is likely in the middle of its final leg lower to complete an ABC Elliott Wave double zigzag correction. However, there is the potential of a breakout up at the "area 1 black horizontal line" off recent...
Glad to present global EWA/EWP analysis concerning ETHBTC by Zarina Tengri.
Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
We trade in all financial markets, there are no boundaries or...
Short ETH/BTC on the daily timeframe. Head and shoulders pattern completing as price reaches the bottom of the Ichimoku cloud, along with bearish TK cross. Wait for completion of pattern and price to drop through the bottom of the cloud to short - targets around 0.031.
In this chart we have BTC/USD in the green and red bars, while ETH/BTC in the purple and magenta. I want to compare the two to really understand why BTC is moving up the way it is and identifiers that will help us know when it will reverse and a potential trade opportunity. This will help us know what to look when we enter and knowing why and how to be...
I have both a bullish and bearish case for the ETH/BTC price. This bearish case represents a continued drop of the ratio down to the 0.036-0.040 level over a long time period.
The red circles most clearly represent the bearish repeating pattern. The counts of 1, 2, and 3 show the three peaks that correspond to one another between the two different red circles....
I am extremely new to this, but enjoy trying to make predictions. This is my first posted idea...so here goes.
I think that ETH/BTC is about to make a breakout for a nice bull run...A good buy-in opportunity is coming up!
ETH is approaching a major testing of a current support line near the 0.04 price range. Potential 5th Elliot Wave to come if support is found and the trend line remains unbroken. This would be a good setup for a Long.
On the other hand if support around the 0.04 price range is broken, expect a Retracement to the lower Fib line. This would be a great setup for a...