There is some uncertainty on the Ethereum chart, locally you can see that the ETH is trading in a channel along the lower boundary, as the price rises we can also see the volume decrease, which is not a good signal, if the price breaks this channel and tests it as a resistance, it might be a good opportunity to go short with the targets noted below.
Write in the...
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In the last few hours ETHEUR has been forming a flat top triangle, being its resistance its most recent ATH around 1394 - 1410 EUR. The height of this triangle coincides with the height of part of the larger one formed between January 19 and February 2. As shown, prices are expected to mark a new ATH around 1510 - 1531 EUR.
COINBASE:ETHUSD has been performing well in the past week, it has seen a lot of battles due to the extreme volatility of COINBASE:BTCUSD .
As shown on the xRSI_KDJ_SMA indicator, Ethereum appears to be bottoming out, I believe this is a good opportunity to long a retest of the upper resistance.
I will be taking profits between now and the upper resistance line...
In 2015, after 10 years of activity in the Forex financial markets, I became acquainted with the crypto market. At that time, Ethereum was around $ 40 and Bitcoin was near $ 500. Since 2013, I have concluded that Elliott waves make the best predictions and have the least risk.
At a conference in the Forbidden City of Financial Markets and between a crowd of over...
The Bulls and the Bears have been fighting it out for a few days now in a large consolidation pattern! Downward pressure is still evident.
I believe there are two likely scenarios to play out:
Scenario 1: Push to the upper resistance line with multiple attempts to break resistance. Then large move to the downside.
Scenario 2: Capitulation of the Bulls...
Title :ETH/USD BUY LIMIT ORDER
Asset : Crypto Symbol : ETH/USD
Type : Limit Order Time Frame : 4hr
Entry Price 1 : $148.86 Entry Price 2 : $144.48
Stop Loss : $139.48
Take Profit 1: $153.86 TP 2: $158.46
TP3: $163.86 TP.4 $176.48
Price activity is nearest the 50-bar MA (4-hourly) at 159.57 and the 100-bar MA (Hourly) at 163.28.
Technical Support is expected...
Similar to BTCUSD ETHUSD is also currently moving in a parallel ascending channel. Trade safe with stop loss outside the channel area near the top or bottom channel trendline depending on if you are short or long in your trade to protect youself against the possibility of the price suddenly breaking out against you and leave you with a hard to deal with underwater...
Was looking at the weekly chart for ETHUSD and noticed that is the price keeps moving upwards to the 360 region, a cup pattern may form.
Its a very long-term pattern and many things have to happen for it to play out:
a) Price must already have seen the bottom at $116+
b) Price must keep trending upwards and get a minor rejection at $360+ level.
c) The correction...
Just wanted to share an observation of a possible double bottom formation on ETHUSD... If support holds here possible breakout long possibility from above 158$... this dip did clear stop losses that were parked below 131.85 from the last bottom on 25th Nov on bitmex... also take note of the rsi on daily where a possible bullish divergence is forming...