ACTION: LONG ETH/USD BINANCE:ETHUSD ENTRY PRICE: ~530 STOP LOSS: ~459 TAKE PROFIT: 25% @ ~657 , 50% @727, 25% @Trail RISK REWARD: ~2.5 Time frame: 4H candles Duration: 1-2 months holding period FUNDAMENTAL ANALYSIS SEC official: Ethereum not a security (Bullish news: For Ethereum and the launch of ETH Futures) THIS NEWS will definitely clear some concerns and...
Hello guys, ETHUSD is near the upper trend line of the triangle where prices are bridled from several months. Now we have to see if it's strong enough to break this trend line. Yesterday prices touched the trend line for the first time, in area $545 (R1), but suddenly were rejected by the dinamic resistance, coming back to the area $520. We have to wait and see if...
Hello guys, ETHUSD is arriving to an interesting level that is to the lower dinamic trend line, sustaining the long term movement, passing around $430/$440. ETHUSD is in a big triangle, as we can see from the chart and the first contact with the lower trend line could contain the sellers pressure. In case of breaking of $430/$440 area it can fall to $380/$400...
1.) This is not investment advice. DYOR 2.) Ethereum has completed the classic bubble pattern. Google it. It's currently at 'Return to mean'. 3.) As for Moon/Jupiter/International Space Station - or whatever heavenly body suits your facny - I leave that to the self-anointed prophets of the temple of sand castles. I would however say that this will happen about...
Hello Traders, In this analysis, we will have a look at ETH/USD in the 4-hour chart. The rally from 04/01/18 low can be sub-divided in 5 waves with an extended wave 3. The rally to 417.59 was completed in blue wave (1) and it pulled back to 362.42 to complete blue wave (2). Up from there, blue wave (3) completed at 712.58 and dipped to 595.35 to complete blue...
Firstly, our last bounce play we were in either at my support point at 520 or the break at 565. Both yielded a profit. You should have made money or at the very least got out at break even. I updated the last idea with the support points and what to look for. That being said, let's dive in right now. 1. MACD on the DAILY is meh. 2. RSI is not in oversold...
ETHUSD very nicely followed my expectations in the past days, heading down swiftly into a wave 3 of an impulse wave. We'll have to see how the rest of this wave plays out, but I'm expecting another drop to around $555-$560 before we start our upmove into wave 3 of a higher degree. This would complete the fifth wave in our present correction, setting up nicely for...
ETHUSD H4 chart As you can see, the indikators are positive. Upward motion can be expected to continue. First price target 700usd - 720usd range ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
We're at the end of this daily pattern; ETH should turn back to 450 - 470 EUR and the bounce to finally go to the moon!
ETHUSD daily chart is looking a lot like BTCUSD chart from March onwards. If we follow the similar patterns from BTCUSD, I believe we are going to form a double top around $840 mark and then fall back to the $550 mark at the upward trend line from July 2017, if we happen to break that trend line the picture is very gloomy. The wave analysis is subjective so I have...
The chart should explain itself, I think. I did a rather extensive analysis on ETHUSD in previous posts, estimating a good place to start a long position around around $540, with a possible bottom of wave 2 of the present degree between $500 and $450. Even though that bottom didn't come into play as deeply as I had expected (bottom was at $503), I still built up a...
1. Broke out of trend Line. 2. Bounced off at 61.8 fibs level. 3. Retested and bounced off on the new support trend line SL.535 TP1:640 TP2:765
Price between 540 - 590 stuck 610 significant resistance above Below the red support line, the blue major support line ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE ...
Good evening Traders, Like I have been warning you guys of a potential head and shoulders pattern in ETHUSD. It got confirmed with the break below the neckline. --> So I am expecting now more downside to follow the areas mentioned above. From there it should give us a bounce higher. That area will be the completion of the head and shoulders pattern. So a...
I have updated the charts on ETH to more of what i am looking at but i want to drill down a little more with my strategy. First, I want you all to keep this in mind. We could be going down more before going up. Which is fine for the strategy I will be implementing. If you look at the daily chart, we could very well have more downside. On the smaller time frames...
Hello everyone I think there are 3 possible scenarios for Ethereum in the near future. Possibility 1 So Ethereum has had a very nice uptrend today. The first option is that the lowest point is reached and that we are now going up, to the resistance levels. We can see that in the past, everytime many buyers came in after a huge sell-off, that we were going in...