We are currently in an EW Contracting Triangle. This formation can raise the course by the resistance at 0.842 at the end of the triangle. Whether the assumption is confirmed can be seen at the latest at E. Here would be a good once in a long position.
In the momwnt we hang at 0.5 Fibo. The course is in an uptrend towards the resistance at 285. we can assume that the course will drop slightly to return to his support at 257 or 249.
Waves allows anyone to create their own custom blockchain token in a few minutes- which means anyone can create digital value at their fingertips. It recently double-bottomed at the May breakout point and now looks set to move higher.
The course is recovering slightly after a strong rise. He had finally broken the resistance at 234. Currently we are hanging between the old often confirmed resistance at 265 and the 0.382 Fibo at 240. I think the uptrend is now confirmed and the takes a bit of swing for the next one to break through.
On August 2, 2017, iFinex Inc. (BVI), owner & operator of the cryptocurrency exchange Bitfinex, revealed plans to launch Ethfinex, an Ethereum-based trading and discussion platform.
Outlined in bright green, the selling that has taken place in ETH/USD appears to be loosely organized into a descending wedge. This is a bullish shape that typically results in levels being achieved that are at least what they were prior to the start of the forming of the pattern. If this tendency holds true for this pattern, ETH/USD should soon start...
Just a quick update... Looks like a potential BULL flag forming in the shape of a descending wedge. This is a very common shape for a bull flag.
Also, notice the dwindling volume that is correlating to the flag pattern. Of course, like all patterns in the chart, it has to be confirmed with a breakout.
Pattern and volume indicators in PINK.
Hi boys. Ethereum / USD will continue to dip in my perspective. I think this will go back down to 165.00. There is a very nice steep conversion line crossing over the base line. This is a laggy indicator so it will take a while but the momentum will change before heading up. The steeper the crossover the better the trend will change. Stoch RSI is showing more...
Ether continues to lag behind Bitcoin: ETHUSD is still finding bids, but currently not enough interest to break above the 38.3 fib at 241. I'm holding long - have a bad habit of impatiently exiting set ups like this - only to watch them rally. A close above 241 would target 275 and 300.
This chart shows a parallel channel that ETH/USD had been in for the first half of the year, then a corrective counter move that was in a less tight, but still recognizable channel. Now, ETH/USD has broken that DOWN trend and appears to be forming a possible inverted head and shoulders pattern. If this pattern is CONFIRMED with a strong move over ~250, the mid...
So, I am new to the Tradeview platform and do not trade forex/crypto full-time. However, I love playing with the charts and seeing if an idea works or fails based on the trend I am seeing. I have been shorting Ether for about the past month and was taken by surprise on the recent breakout. Nonetheless, in the spirit of embracing reversals, I have decided to watch...
The price can come down to 145 Euro too. You can start to buy when you get the buy signal on candles.
Please do not make a trade just with this idea and make sure you get all signals to buy.
I think taking yesterday afternoon's spike into account for the channel draw was probably a mistake. But pretty much all the ideas there are still relevant. Feeling about 80% sure this is a somewhat consistent bull run that will sail to 296.
Ethereum looks as though it may have found a bottom, and if that is the case, I foresee us climbing over the £600 mark. Ive included a rough prediction for how I think we could get there but it is still very early to confirm the 3rd wave move and everything after that, however, it is a reasonable scenario nonetheless.
Ive put up an alternative shorterm play below...
Just reposting this chart, apparently been posting all my ideas as private instead of public, which is sort of lame. Whenever I make more charts on here, I'll make sure to make sure I put it as public.
A case for ethereum trading below £100 per coin looks very possible. We are seeing plenty of volume coming in at the bottom of every decline showing possible buy-side position building, but I doubt we have found a bottom yet. The £50-100 range looks like a good candidate for a bottom.
