Adding a low leverage short here and will add more a little higher.
You can use the ETH/XBT pair.
Look for a 38.2/68.1 pull back from here.
Won't re-enter until I see volume confirm.
Hit the 161.8 target.
Bearish Div on RSI
Strong Supply Order Block
ETHBTC it s situated into a rising wedge which will result probably into a breakdown from this wedge.
ETH was tested 0.0376 Resistance line and now they want to push higher but in stochastic RSI we have a bear cross,RSI and macd it s a little overbought at 1D timeframe.
We are above ichimoku cloud which is a bullish sign but probably they need to cool down a ...
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KEY POINTS for ETHUSD/CHART DURATION 1 DAY
1. KEY SUPPORT - low 90's to 105
2. RSI/1DAY - 0.6 = Extremely oversold
3. MACD/1DAY - 16.6 = ...
Ethereum on logarithmic weekly chart very bearish , broke key TA level at 100 ma on weekly chart, this is usually a very bearish signal.recently found resistance at the 9 ma ( another bearish signal )
We remain Bearish on eth unless it can break over the 100 ma with volume .. remember this is a long time frame which means a long term trade.
ABC with C as an ending diagonal or 123 (45) with the first wave of the third as a leading diagonal. Either way, we might have a god opportunity to short.
1st range: 168.5 - 169.5
2nd range: 173 - 174
Use thight SL because the hardfork could easily invalidate this.
Clearly the eth/btc had been in under a rising wedge pattern since last weeks. Now its time for it to breakout. Rising wedge are a sign of reversal and usually works perfect nearly all the time. Take profits on your longs if you're still in long.
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- I apologize for the chart formatting, TradingView needs to add a preview button and allow chart manipulation during a preview stage. I'm using multiple monitors and the charts looks great until it gets published...
I feel like any bearish sentiment will be wildly unpopular, however the technicals indicate that ETH may be on the brink of slipping into a bearish ...
I see many many patterns forming on ETH currently, a rising wedge is one of many patterns i see playing out. Personally, i would love for this to breakout to the upside, but rising wedges usually break downwards.
This pattern is formed because of tug of war between the two great forces which move the price up and down, that is demand and supply.
These are ...
Ether has had a nice run up, but i think it hit a resistance line. We should retrace to .618 fi b levels around 125 - 130 and test support. MACD is pointing down, RSI is pointing down, stochastic is pointing down, placing bids in the grey box area, end of apex is around jan 18th right on time when the hard fork comes out, i can see a bullish push from this, or, if ...
Could this be a symmetrical triangle? Im not leaning bullish nor bearish, but i will set targets for both scenarios;
A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.
What’s happening during this formation is that the market is making ...
I believe it will most likely reach $65 in the next few days..hitting the interims in pink respectfully along the way to its main target.
Stop Loss: Green Line
Enter Short Position: Red Line
Targets: Each pink line with the main target at $65
Hello Lads and Ladies,
Let's get a quick TA down on Ethereum.
We can see here very well that Ethereum is quite weak and has been very weak in the latest drops, even made an unexpected low of $115.
Right now, likewise to the Bitcoin TA, we are basically in a bear flag or even a falling wedge and it is not looking bullish.
We can see that we have a strong ...
ETH in the next time may return but in the main trend is bearish, I advise you not to buy at this time!
Reference buy is $100, manage your capital, I see that we have two months ahead in the bear market, to 2019, if bitcoin repeats the cycle of 2014 then the cash flow new really poured into here!
Save and happy trading!