Welcome everyone to this analysis on Eth/USD. During a bull move like this it begs the question... how high are we going to go on ethusd? and where should our main target be?
We'll examine the weekly chart since this is more of a macro view. We could move up rather quickly similar to last April of 2018, so I want to zoom out and get some perspective.
Lots of bullish signals converging at the same time on the ethusd pair right now. First was the golden cross on the 1 day chart that occurred a few weeks back and now appears to be sustained. 2nd we have the bullish breakout of this weekly rising wedge pattern(a pattern that typically breaks bearish). For a bearish pattern to break confidently bullish like this...
2019 looks bright for Ethereum as HTC Blockchain Phone Exodus 1(which is only accepting Bitcoin and Ethereum) has already been launched in advance on December 12, 2018, and is ready for purchase. Even Ethereum is expected to experience their Constantinople hard fork in February 2019, wherein the block times would start to increase, and by May 2019 the difficulty...
We have succeeded with the last ETH signal. However, the market is becoming more active and making ETH grow beyond my expectation
Currently ETH has broken the Rising Wedge formation but it needs to get over 200$ zone otherwise the Wolfe wave will kill us
If ETH falls to 190$, it will continue to fall back to 170$
If ETH can sustain over 200$, target must be 240$
Ether has remained in this channel from the last idea I posted quite nicely. You can see that the area we needed to hold, in fact held quite well. However, it's been grinding to the upside whereas bitcoin has really had a substantial move to the upside. RSI and MACD aren't telling us much at this point. However the ETH/BTC cross is very low and oversold. I would...
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Looking at this from a long term perspective i see potential for large gains.
The chart itself looks quite bearish tho!
But, on the 1D we can see that we are starting to make a...
As outlines these are the two zones i am watching. One for short term day trade longs as i believe we are currently in a bull market, so plan is to now long every dip until proven otherwise.
Will be adding to long term investments at lower trend line
Exchange: Huobi Global
1) We have first global downward slope with a lower resistance line of $358.00
2) We have now formed an upward slope and price is pressed higher and higher.
3) Event = Consensus May 13th - 15th, 2019
4) Bitcoin did not go for a correction and keeps the price - it makes it clear that some alt coins, like...
Looking for something like this in the near term. Should it play out like this, the next retracement off of our $200ish highs should start a parabolic move since we would be starting the 3rd wave of the 3rd wave of the 3rd wavee of the 3rd wave off of our lows.
BTC highly oversold in HTF , a rejection of the 6k area and retest of the 4100 range is in the play imo , a nice shakeout is needed if in any case we are really at the begining of the new bull cicle, will see how it plays. Good luck.
Last time was stop loss.
Amount of investment is increased by x2.
There was a false breakdown and now a new top will be updated.
Struck and closed higher on Daily chart.
Buy = $158.75
Take Profit = $190.00
Stop Loss = $142.75
Take Profit (x5 Leverage) = +98.45%
Stop Loss (x5 Leverage) = -50.40%