Hello everyone Hope you guys are making good profit and enjoying your trading
here is another Technical analysis of ETH
in this Chart we can see a falling wedge pattern and if breaks upside we can see a good movement
if price reached 115 we can see another good move which will be 147
after 147 we can see rounding bottom pattern which can take ETH price up to...
ETH continues to drop down slowly as the days go by
We did miss our short entry by a little as it was placed at the monthly open
We have dipped right into demand but the PA still looks weak and we can expect a test of the levels below
A retest of supply above could provide an ideal entry for a short but a move above the monthly with put it back into the...
I'm going long on Ethereum: currently, the price is resting on a Support level and a 5% long might happen, but once we break the last support level we might touch the previous resistance level.
What do you think?
ETH fell into the demand zone around right above $100 and tried to regain support now turned resistance but failed
We are sitting right under resistance as well as the bottom of the trendline support
Any breakdown from here will result in a stop raid and could bring us back down to the next demand zone around $95 or even as low as $88
The only way we can...
As we have mentioned on the previous post about Ethereum, the price has registered a bearish trend since the 10th of January, once it crossed and stabilized below the 20 days Moving Average, with it's daily range movements decreasing as well.
Like before, the RSI and the Stochastic still have "oversold" positions and on top of this, we can also add the position...
ETH bounced nicely from the demand zone around a monthly open and FIB level but was unable to use this momentum to break above the supply zone around $135
We were consolidating inside a triangle most of the week but we broke down from it over the weekend and have been unable to regain this area
We did try and recover but have been rejecting higher prices...
Day Trading.
With two postponed hardforks, I expect the trend to continue downwards until we reach the last support level of 124 where we will experience a consolidation of trade volume.
Latest Hardfork news: cointelegraph.com
ETH broke solidly below both Tenkan and Kijun support last week but didn't quite make it down to the bottom of the cloud
We did bounce here near the $114 area and climbed right back up to the Kijun where supply did its job....so far
A daily close above this level could lead us to the Tenkan BUT something to watch is the angle of the Tekan is worrying as...
ETH broke down from its ascending wedge and lingered a bit before eventually tanking down into demand
We have solidly dropped into support and so far bounced at the monthly open
Holding this area is key for bulls BUT selling volume has returned on that drop and we could very well see a drop back to the 61.8%FIB level below, which again coincides with last...
ETH has been on a moon mission since bottoming out near $85
We did have a steep pullback on Dec 24 back into support near the 61.8%FIB level and was upward on onward from there
We do seem to be losing some momentum here, which was indicated initially by that bearish gravestone doji on Jan 5
We continue to trade in this ascending triangle after wicking...
My first neutral idea.
ETHBTC looks like it may need a significant correction soon, so this lowers the gain ETHUSD will likely have if BTC pumps. So you should be better off with a BTC long if you are bullish instead. There is also a bearish rising wedge pattern on the chart. The ETHBTC rising wedge has already broken down.
ETH does have a 0.99 correlation with...
ETH topped at the Green 4.236 fib extension.
I did not have time to post an idea, but I mentioned its top in Crypto Chat as seen at this link:
www.tradingview.com
Now looking for support zones.
Upon measuring the first dip from the 4.236, the green zones in live chart above are what I see for possbile re-buy.
.
Background :
My ETH journey started a Fib...
Ascending triangle Bullish Pattern-
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Megalodon Pro Automated Trader is giving us bear signals. Basically bot is taking profits on 3 of the market states. We will be waiting on a pull down to get long again!
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ETH Currently Supporting a trend line if this Trend Line Breakdown then we can do SHORT, Otherwise Continoue For LONG.
After Breakdown we can SHORT upto target 100$.
Otherwise Continoue LONG Upto 180$.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
