ether appears to have its strongest uptrends starting roughly at full moon (dark) and going to new moon (white)... at least during bullish legs.... the blue channel is home for now. watch for a potential retrace if we hit the upper blue line (log scale chart so could be well over 300. 100 dma (pink line) offers support after that. hard resistance at the red...
Cryptos are having a massive bull-run, but nothing goes up forever.
Two bullish channels spotted (short and long term), major resistant level is at 200 and 220. I'm sure eth will test 230 level - if it holds that would be our new resistance point. 300 is near guys!
Ether recently broke out of another triangle to the upside. Top of the channel is around 270 USD... bottom the channel is around 150 USD. We could see a lot of volatility once a lot of these ETH-related ICOs get underway and once the China news gets digested. If we breach downward, further support exists a ~120 USD and 98 USD.
We may see ethereum hit $250 or higher soon. The technical indicators are bullish. Ethereum ICO's are gaining significant venture capitalist investment - I am long for now.
Market Cap $19,503,084,442 8,555,721 BTC Volume (24h) $1,264,150,000 554,564 BTC Circulating Supply 92,057,777 ETH
It's a trap..possibly. We've seen a nice move up over the last two days in ETHUSD, but we're at a point where I think we could either see a test (or possible new highs at the extension around 208 and some change) or completing the sloppy head and shoulders taking us back down to around 141. I'll be keeping an eye on things on the 195 minute chart. With the Squeeze...
Very likely we could see a breakdown to support lines 1 or 2 as we approach June 9th
As much as it pains me to say it, the fakeout theory has all but lost its luster to me. Volume on this right shoulder is sickly due to the weekend, and I think the next big move will be downward to retest $148. There's no new USD coming into the market until Tuesday.
There was a lot of big news for Ethereum at the Consensus 2017. Following all of the good news, we see that the price of Ether followed suit. I have drawn (in black) some important trend lines to make note. The Ethereum chart looks beautiful in such that it plays perfectly with the fib retracements. We see a strong upward momentum by looking at the lower trend...
This idea is a go if we break above the 0.051 level with force. On lower time frames I see some other bullish signs starting to show. I expect a strong upcoming week or two for ETH. Also there are some strong fundamentals this week with the Ethereal Summit in NYC on May 19th and Consensus 2017 less than a week away on the 22-24th. If you look on the Agenda...
Ethereum is strongly over bought in 4 hours chart, divergency for shorting has created. Perfect time for shorting and expecting to go as low as 0.044 next couple days. accumulation continuous going strong and bullish shark pattern has shown ethereum to the moon after this short!
Trade setup outlined here. Stops under rising bullish trendline. 4hr close under trendline invalidates setup.
Eh. Lets see how it goes! Opinions? What other charts have you seen that match up with this one? What other charts do you see as likely to happen? Comment below.
Ideas only - not trading this yet, if we see a close under structure I will short to TP1 and TP2. TA done for ETHBTC as that is driving price action.
If you look at my last idea, you can see where this idea originates. I think it will break the current resistance at ~45 and continue up to the ~$48-50 resistance mark. I will be selling shares around then because I feel it may go back down to what would be the ~$45 support (or even lower) to finish off the head and shoulders pattern. What do you think?
Failed breakdown of trending support and is re-entering the bullish pattern.