A bullish pennant has formed over the last week, giving us an excellent long opportunity.
- Things to consider -
Like stated above this is based strictly on TA. We could still possibly see a break towards the bottom. Here are my following reasons:
According to my charts ETH is still in a BEAR market. So until we break this pennant things are not looking...
Seems ETH has been consolidating between 200 and 225 range for quit some time now. Also could be potential flagpole and pennant formed. We should see a serious price movement in the next few days. Up or down is anyone guess. Ive been locked in and im going longer and I still remain bullish as eth has broke out of the downward bearish trend we have been in for the...
Ethereum hit the half off the ATH price of $400 getting us as low $200. Buyers snapped up the cheap Ether and sellers appear to be exhausted since a short term fib 61.8% line was pierced to the upside. I expect a series higher highs and higher lows to start to form.
Longer term I would expect targets of at least $500 with FOMO targets getting us as high as $900-$1000.
Is ETH about to go sideways? If so, for how long until it returns to it's bullish uptrend?
On the plus side, the support line appears to be growing slowly, which I will be using as buy signals as long as this chart remains accurate.
So Ethereum pulled back heavily along with Bitcoin. Assuming Bitcoin doesn't continue to struggle due to rumors of hard fork in August, Ethereum should continue to be able to build higher. I have marked my standard price targets as well as FOMO top price targets.
Here we can see that we have been in a consolidation period with ETH/USD. The general trend of this consolidation has been slightly bullish meaning we could see a breakout soon. We will be looking for a bullish confirmation candlestick in order to confirm an uptrend. This could be further supported by the fact that we are heading for some support on the 2/1 Gann...
This is a purely technical trade, although the fundamentals are quite good. Ethereum classic will be added to okcoin soon, bringing in large chinese investors and more volume. You should enter this trade now and exit at .09 or so. Enjoy :)
This is an 4h chart dating back the last 30 days. Triangle forming with a solid support level at ~.083.
Will open a long play if this triangle is broken with volume. Targets set at .11 and .14. Looking for this all to happen by 6/9/17.
Ether has pulled back heavily along with COINBASE:BTCUSD and other Crypto currencies.
So far sellers have barely pulled us down to the 160s area where there is prior market structure. Lots of buyers and sellers in this price area which should lead to price stability / support here. In addition this is a 50% retrace on a highs-to-highs basis which has traded...
The strong incoming demand observed yesterday on the market both for bitcoin and ethereum, as well as the upcoming events, need I go further ? ... Yes, last but not least every possessor might strongly hold their full-of-potential investment thus reducing the supply.
Cheers all :D
Ethereum has shown a bullish increase in the past week and is currently at a price fluctuation, this market forms a flag pattern and therefore I feel that the once/if the price exceeds the resistance as shown in the diagram the price of ethereum will continue to rise.
Personally I feel that Ethereum is a long term hold and this would be a good entry into the market.
Recent ETH rises in fiat crosses seem to follow a pattern of sudden jump, narrow swing, range, consolidation pattern and further push upwards. As we test that all-important $100 level it's now make or break. Either ETH pushes through this level or we may enter a period of bearish activity.
ETC rebounce to moon with ether or should we head a bit further down ? In any case bitcoin isn't deceiving so far in the trip to the moon :)
Let's see what's next :) French elections, yeah whatever's going on politically, cryptocurrencies seems to be at another level where only technological news matter, it's up to you ingeneers.
Trade good, trade safe, trade...
Well now, Ethereum has FINALLY busted out of that annoying flat line :)
I'll be waiting for a bit of pullback and will be stacking.. I think the SEC is going to finally cave in and give the green light on the Bitcoin ETF - as well as the ETH EFT in the works.
That plus crypto is only going to get stronger as time goes on... Time to stack :)
SL? Well, I'm...
I have outlined here my thoughts on price action for Ethereum. I think we're in for a few more days of sideways action, and it needs to break above 51.57 before we can see the new "ramp up".
We can see there is a nice trend up from March 15th, and I am expecting this to continue. I am in it for the long haul!
