Ethereum Sets January 16, 2019 Date For Constantinople’s Next Update On Network Hard Fork
The Ethereum showed movement at 100% from $ 80 to $ 160 and now we see a 61.8% correction and we formed reversal pattern - falling wedge. Stochastic RSI...
While the price is above the support 80.350, beginning of uptrend is expected.
We make sure when the resistance at 200.000 breaks.
If the support at 80.350 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed...
Today we will be taking a look at Eth to decide where we can go from here.
There is a couple options I am watching both bullish and bearish.
Let's jump right into it!
From sub $200 Eth rallied and broke up to $280 before we had our eventual retrace.
Prices now are consolidating in what looks to be a symmetrical triangle.
Symetrical triangles are...
Just a quick update. As I posted before when ETH was still in the $160 area, one should not necessarily expect a retest of lows, or a longer correction until the $400-500 area is reached. This is based on what happened to AMZN stock after it bottomed out in the wake of the dotcom boom. If ETH followed similar price action, this is what we should expect.
The Ethereum range from 228 support to 288 resistance, because we are very close to support we recommend Buy, according to the Stochastic the Ethereum has reached the bottom and the rallies on the way
Take profit: 288
this is excellent, Ethereum is breaking out of its ascending triangle, any day we are going to see a major push towards 300.
the daily and weekly both showing a brake upwards out of this reversal ascending triangle.
buy signal just popped up on the weekly. shits about to get real
We have succeeded with the last ETH signal. However, the market is becoming more active and making ETH grow beyond my expectation
Currently ETH has broken the Rising Wedge formation but it needs to get over 200$ 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$, target must be 240$
in the past serious gains were made after ascending triangle breakouts, we are about to see another come to fruition
what do you think will happen? I think we are getting stronger with the bulls with rsi crossing 53. The 21 a 38 weekly soon to be crossing. I think it is a high possibility to see major gains with this this ascending triangle breakout
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Keeping this Ethereum analysis short and simple.
The price has been grinding higher on decreasing volume, and the daily RSI is showing bearish divergence.
The red line is the 200 EMA which we rejected hard off of twice, and since then have made multiple lower highs. I believe the dotted line in the center must hold for us to continue...
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the...
Ethereum has been sending mixed signals, it wants to go up but it has big swings down, be careful if you are a swing trader. Wait for better signals to develop.
- Uptrend with big swings up and down
- MACD is under the 0 line with
- A bilateral pattern has formed with a