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Ethpriceanalysis

comprehensive analysis1) Trend analysis We have the descending channel of the downtrend We had the rising channel of the swing high And we've just established a new base channel 2)Support and resistance We have tested 480 twice and failed both time, it's the LAST resistance on our way out of the downtrend We have confirmed 450 as a support, if this level break... Well... 3) Candle patterns On the first break out attempt, we have a shooting star , visible on H4 On the second a hanging man , visible on H1 And on the daily we are seeing an evening star . The weekly is showing bullish signs, with a potential, morning star (daily) 4) Indicators If we look at BTC 2.76% , there was a higher high, but RSI made a lower high, this is a negative sign ETH didn't make a new high at all, so RSI means nothing here Macd has been failing to break higher since the first move up, as the arrow point CMF 0.14% is more positive, on H4 it's been rising since yesterday low 5) Elliott Waves An easy EW count is the one on this chart BUT i don't like how MACD fell short of making a new high (and confirming this as a wave 3) A bullish alternative would be 3=i and 4=ii, we went down to fib 0.236 yesterday and that would work better with the indicators A bearish count would see 1 through 3 as a leading diagonal An even more bearish count would see it as an ABC 5) Demark Trendlines I only had upside target up to now, near 520 But i'm starting to have targets to the downside Break out targets in orange 6) Patterns Besides the inverted head and shoulders taht everyone must be talking about, all of the above hint to me to think of a triangle Watch RSI for it's confirmation, it should oscillate within those lines Conclusion : To remain bullish I would like to see a triangle (that would confirm the wave 3 theory) Or a breakout on the next daily candle, that would invalidate the bearish sign (and confirm this as a wave I & ii theory
BITFINEX:ETHUSDLong
by lady_luck
2
ETHUSD the most positive forecast within the last monthOur previous extended analysis was based on IHS formation which was broken at past price movement levels. However there is one more chance for Ethereum to complete this pattern. Indicators are mostly in neutral or bearish state, however it is due to recent growth and entering Ichimoku clouds zone. Hence the growth should continue till the upper edge of green ichi cloud around $690. Situation is very important and crucial as the long term significant Fib resistance level is around $640. Based on the fundamental and technical chart analysis the price has great chances to overcome the resistance. Thus, it becomes possible to consolidate between upper edge of Ichimoku and Fib 0.786 to finish the mentioned pattern. In case of success ETH will start a new wave of long term growth. However the probability s affected by the whole market capitalization of crypto market which has significantly dropped. It also correlates with BTC price movement. However, the crypto market is in fall state for about a month and there are a lot of sign of reverse. It is time to buy cheap and strong alts and ETH is one of the top coins you should buy, just wait a bit till it cross resistance level to be sure in the forecast.
KRAKEN:ETHUSDLong
by Skyrexio
2
ETH Short term price ETH appears to be trending 12345, ABC, 12345 micro waves, within a macro wave. Short term support levels are shown in purple horizontals. Upper support would be circa $880, failure to break and sustain price above this, may see ETH trend within the ST bear range. Previously ETH has been trading in the bullish green zone, however failure to sustain 880, saw the recent trend lower. I remain bullish overall hence the ABC micro correction theory. if we have a sustained break below $855 this may turn bearish. Commentary & further supports to follow.
BITFINEX:ETHUSDLong
by B0101001