Seems like the entire crypto market is in heavy correlation. This is ETHEREUM INDEX! Find similiar structure on ETHUSD chart and trade accordingly.
Same structures on BTCUSD, XRPUSD and ETHUSD. So all this applies to BTC as well.
At any case, we have enough DM qualifiers to define this as VALID and GOOD breakdown.
Max where price can go it is descending...
ETHUSD is currently getting squeezed between several major Daily EMA levels. These being the 100 and then higher up 200 EMA which are acting as major resistance. Then we have the 50/20 DEMAs which are acting as support.
These Daily EMA's have not been this tight for several months. Which once there is a close above or bellow these levels, it is generally a...
This analysis above entirely based on time based fib extensions and trend based extensions.
Time based and trend based extensions use historical data to plot Fibonacci Levels rather than traditional Fibonacci levels which are just percent levels between two points. Both are extremely useful however I have found trend based levels to be more helpful in a trending...
Line charts not only provide a cleaner version of what your are trading, but a different perspective.
The chart above displays my take on ETHUSD using the 1 hour line chart which is one of my favorites.
While comparing this to the candlestick chart, you will see that this provides a much cleaner and maybe even clearer analysis of what the market is doing.
The...
Corrections are needed for more upward movement :)
The last several weeks Bitcoin has seen amazing price action while Ethereum has been lagging behind.
Finally Ethereum is making moves! Just not in the direction many hoped..
Over the last 24 hours, Ethereum has been knocking out support trendlines one by one. Creating nearly an 8% drop from its local high of...
For those of you following my ideas recently know that I am very bullish on ETH. This is primarily based on my previously conducted Volume study. link below
That being said, Ethereum just closed a daily candle below a multi-week trendline. Just about 2 weeks after the VPSI showed complete buyer exhaustion on the daily at about $250.
These signs lead me me to...
For the last 8 months, ETH has found itself in a strikingly powerful downtrend. It is now down ~86% from its all time high of $1400, and down over 30% in just the last couple days..
Currently Ethereum is piercing downwards out of a 5 month Trendline/Channel.
As you can clearly see on the chart below, this is the second time we have found the price below the...
During the beginning of the crypto sell off earlier this year, Ethereum was one of the highest performing alts for a great period of time.
I believe this was because during the beginning of this bear market, people were not as hesitant to take risky investments such as ICOs, AND also, many ICO developers were likely cashing out their tokens for Ethereum, all in...
I think it's time to jump back into altcoins or at least $ETH which the chart shows a great buying opportunity, both on ETHBTC and ETHUSD chart.
If you take a look at the chart on 4 hour time frame (4h charts works well most of the time in crypto space especially when both RSI and MACD is at a low level). ETHBTC 4h makes me want to switch BTC to ETH, another...
ETHBTC has likely formed a falling wedge pattern which is bullish. Entering a long position here is ideal considering the fact that ETH is easier to analyse on weekly chart. if we keep going up the MACD will certainly give us a golden cross which would accelerate the move to the upside.But, as I said in LTCBTC idea , considering the current situation that BTC...
