What a nice direction fibonacci based MAVW (navy color) draw =)
Red zone between roughly 189 and 191 is resistance, that has most chances of rejecting ETH price back. And it might do so at the first test. But in case of breakout targets are 195 - 200 - 205
As we can see the $180 mark has held as a stable support level for my trade 2 days ago which I entered at $180 with 25x leverage, only a few dollars have risen so far, however this can rise to $190 or $195 with a small spike in volume. Any increase in BTC price can also reflect well here.
Hey Everyone!
was just going through charts and updating, and noticed ETH is in one of my favourite patterns to trade! Reason being it is not only supported by the PARABOLA, the cup pattern is usually a good indicator of higher prices to come!
As I explained previously in ADA USDT chart, which has so far only had a fake out and dropped back into the handle for...
Priceline of Ethereum / US Dollar cryptocurrency is forming a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 172.84 to 166.91
Sell between: 174.42 to 182.35
Regards,
Atif Akbar (moon333)
The priceline of Ethereum / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 196.10 to 188.24
Sell between: 202.20 to 216.97
Regards,
Atif Akbar (moon333)
Hello Traders,
in this chart i'm sharing Ethereum analysis good long opprtunity now,
You can place buy bid with SL and before invest also do your own research as well.
Our previous success analysis:...
As you can see from the split chart, we have an inverted scale of Bitcoin Dominance %, and on the right we have Ethereum/Bitcoin chart showing an amazing setup with multiple bullish divergences presented on the Relative Strength index & a clear cyclical bottom.
Ethereum is showing that we've just finished final sell-off before entering into an accelerated...
Following double bottom pattern formation the price is generally believed to rise at least to its target level, calculated as follows:
T = R + H,
Where:
T = TP (target level);
R – resistance level (recent local high);
H — higher high (fluctuates based on basic indicators)
S – stop-limit (distance between current price and prior resistance levels).
T...
Good day dear readers,
Bitcoin has broken down and is indicating to go even lower. Normally this is bad news for the altcoins but when bitcoin is consolidating, altcoins have an opportunity to move up a little.
With Ethereum leading the way.
Ethereum on the medium timeframe (4H) is looking quite bullish. Since the 6th of October we have ripped from 0.010 up to...
Alts look good, Bitcoin looks bad.
This is how I am playing this pair out:
1) If Bitcoin rallies from here, I will be looking to short both BTCUSD and ETHUSD.
2) if Bitcoin drops from here, I'll be looking to long a wick inside the box.
Ethereum has got back in the Trading Range after a significant Bear Trap. Most of the bears are already got hunted and if not, will be hunted in the next up move along with the hopes of the bulls. That intersection of both, is where our entry initiates.
Entry: 187.9
SL: 208.1
TP-1: 152.1
TP-2: 132.1
R/R: 2.76
Please let me know if you have any suggestions or...
As we suggested earlier today, Ethereum broke out of its consolidation zone to the upside. It managed to close above on the 4-hourly which is significant. However, it was not able to close above the 0.382 retracement level. It did exceed the level briefly before reversing below in the candlestick which is yet to close. If the Fibonacci level is strong enough as...
Bitcoin fall has created a panic in the traders which also let the ETH/USD to fall
If the fall continues a price drop to 130$-132$ is much likely to happen
We have a strong rejection of the blue zone on the daily chart.
The price will move towards the upper blue zone, which is the first target. From there we will see where ETH will go next.
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