Hello everyone Today a small update on the price action of ETH. Let's get straight in to this! If we take the 4H chart, we can see that there is a lot of fluctuation going on in ETH. Although the last few days, the crypto market is very stable. This can have a bunch of reasons: - Because the volume is going down since the end of May. ( crypto market in...
Looks like a possible W here, tight SL is the secret
Lazy chart, but we took out a short term high, and used the weekly bearish breaker as support. markets like to move towards areas of liquidity.
Another nice trade on ETH Buy @ Mentioned zone, 590~640 SL=Breaking the channel and closing 2 candles outside it TP1= 830 TP2=1062 TP3=1295 TP4= 1528 TP5= 1758 ____________ Questions are welcome
#ETH/BTC w/ a cup and handle. Handle is currently mimicking a bull flag *thumbs up* I am not a financial advisor, but these are bullish indicators.
ABC corrective wave completed within primary up-pitch angles in Gann's Square of 90. 3rd leg/motive wave towards 1200.
Look for break of green resistance. Alligator showing entry now.
Given the weak correction on Btc -2.79% and the failed bear attempt for getting even more Bitcoin -2.79% at low levels, things are looking good for Eth. It has doubled from the bottom at 360usd ,now ranging between 600-700usd. My oppinion is that this gives us yet another signal about what to come. Still :It would be stupid not to see that it can go the other...
First target of 690 has been reached. No signs of volume climatic volume, signaling sellers are not present. If price can get above this level and retest this area successfully, next supply level is the 826 handle. Stop loss move to 680 level so to lock in profits.
If you've missed the boat on the latest breakout of the major descending resistance on $ETHUSD then don't worry, the triangle on the hourly that we're seeing looks very bullish yet again. Triangles tend to be consolidation for a move higher. We could get a fall below the triangle as a "fakeout" in what would seem more like a bullish flag channel but it'll likely...
Patience young grasshoppers. Plenty long term upside for ETH. The symmetry is nice, wave counts are clear. But with so much money in crypto there is no choice but to follow the tracks. --longmoney
Waiting on a pull back to the $460 handle to scale in. Looking at a target of $690, which is a supply level. Good to see a confluence of 50% Fibs level and a fresh demand level at 460.
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. Please do your own due diligence and wait for clear signs of reversal. This analysis is entirely based on fractals, fibonacci retracements, and price ratios....
EXPLANATION IN VIDEO COMING UP NEXT
I have decided to post this as a Long call. Reason being, as contrasted with BTC, the relative stability which we are seeing in Ethereum makes this a coin in which I do not have any worries accumulating. However, this will be predominantly a swing strategy, with a very very low percentage of my portfolio for any sort of ultra long-term trade. Although we have...
just another ideia, everything will depend on bitcoin