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...
A quick study composed to illustrate the multiple levels of divergence Ethereum has had since November of last year. Based on this study, short term trend changes typically took place at the second level of divergence on the Relative Momentum Range Indicator . The only other acceptation for this, was the reversal from the top this last January. At that time, was...
Before you read any further I want to state the current market state is extremely BEARISH. There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. I have lost nearly my entire account attempting to catch the bottom on this tumble down. So please do your own due diligence and wait for clear signs of ...
After the crash the up trend is confirmed for a short period, but it doesn't seem to break up the resistance line. The stochastic shows down trending divergence. This is not a financial advice, only for entertaining purpose.
ERC20 Tokens have been booming! However what good are these tokens without the network on which they were built? Based on current TA, and the mass accumulation of these tokens running on the Ethereum network. I believe a well deserved ETH rally could be within the near future. Possibly sending us up over that 1k milestone. My Analysis: After a recent rally,...
After what seems to of been months of consolidation, ETH is finally on the move, and very rapidly. IF we are able to smash through the resistance zone between 390 and 407 I believe this could send ETH into one of its' biggest bull runs yet. As you can see on the chart, it appears ETH has formed a giant ascending triangle. Now if the size of the triangle...
As you can see from the chart, ETH has been consolidating for some time now. Some analysis believe, the longer the consolidation, the larger the breakout potential. That is IF it ever happens.. Some key levels to watch out for are the 335 and the 338. Breaks in either of these levels could help ETH gain some very bullish momentum. IF we break BOTH of these...
As we all know, ETH has seen very little action over the last month due to BTC stealing the show. However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move. As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant. The BULL Cycle: IF we happen to break through top, I will be...
As we all know, ETH has had an extremely bullish over the last month with very little retracement. However based off TA, it appears that ETH may have hit its' "short term" top. I say this because a bearish wedge has formed at the top, and the RSI indicator is showing signs of divergence. This could mean that at least somewhat of a correction is likely. I say...
It appears that ETH has formed a divergence line which could be an early indication of a reversal. As long as ETH fails to create a new high with the RSI indicator, we will likely see a correction. My short order will be placed at about $322; immediately after a break in the trendline. Final target is set at $292. Once we have a confirmation of reversal,...