Bullish Butterfly complete on ETHUSD, short term target near 3/318.
Position: Bearish I am adjusting my lines in from my last call to account for time. BUT to also pose a question that could potentially ratify this down trend! Are we forming a massive head and shoulders pattern?! If we get more sideways movement, we are only going to confirm this. It's do or die time for ETH here. This 800 level is key . It's already tested this...
As described in the chart.
Etherium has dropped strongly after breaking our major resistance level and is now right on our major support level at 778 .62 which is a fibonacci retracement, extension, overlap support and has bullish divergence level. Our next major level of resistance is at 907.45 which is similarly a fibonacci retracement, extension and overlap resistance level. It is...
Ethereum is starting to make a pullback to our breakout level. This is usually a sign of bigger players pushing price back up to get in at a good entry. Our 1st major resistance is at 910.21 (Fibonacci retracement, horizontal overlap resistance) and another reaction off this level could push price all the way down to 781 support (Fibonacci retracement, horizontal...
Etherium has started to drop perfectly after breaking our ascending support line as forecasted. Our 1st major resistance is at 910.21 (Fibonacci retracement, horizontal overlap resistance) and a further drop could occur to push price all the way down to 781 support (Fibonacci retracement, horizontal swing low support). RSI (55) has broken below our 46%...
We were watching our ascending support line really closely yesterday and price has finally broken below it. This is usually a sign for a potential change in momentum to bearish. Our 1st major resistance is at 907 which is a pullback resistance level. Our next major support is at 778 which is a 50% Fibonacci retracement and a strong horizontal swing low...
Etherium is currently being squeezed against major resistance at 987 due to our ascending support line pushing it up bit by bit. We can see major resistance at 987 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at that level to push price down towards 781 support (Fibonacci retracement, horizontal...
Ethereum is approaching major resistance at 997.75 (Multiple fibonacci retracements, fibonacci extensions, horizontal overlap resistance). We can also see an ascending support line squeeze price against the 997.75 ceiling signalling that a major break in either direction could be expected. If price breaks the ascending support line, our next major levels of...
Etherium made a high of $1417.96 on January 13 2018 and hit a lot of $565.53 on Feb 6, 2018. Price action for Etherium can be described as operating in a bear channel for now. The main trend line (over price highs) is drawn with its parallel used to connect price lows to form the channel. Price action currently is close to a resistance area for the channel. The...
This are my views. Still learning TA. Please let me know your thoughts.
STOP LOSS : 774.58 TAKE PROFIT : 1415.96 Risk-reward : 2.64x Longer term trend: Bullish Current trend: Bearish General comments: Ethereum has been declining in a bearish channel for about 2 months, since the start of the year. However, price broke the 50% retracement at $914.40, and is nearing the upper limit of the channel. The idea speculates that price...
Hey my dudes, here's my take on ETH in the long term, this matches with the summer cycle and everything else that I can think about, so I hope you can profit from this. I'll do my best to keep you all updated and give you a heads up when you should buy and sell.
Script plotting Margin Longs vs Shorts for BTC ETH and all Bitfinex pairs Two modes of use... a) The script detect chart symbol and show corresponding Bitfinex Longs & Shorts (if data exist). b) You select BTCUSD or ETHUSD Bitfinex Longs & Shorts to show on any chart. Two comparison views... a) Juxtaposed: longs and shorts in same direction, side by side....
Well I see a bull flag, an inverted head and shoulders and an cup and handle on the 2 hr chart. :)
Ethereum is now testing our 1st resistance at 784 (multiple Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive prices down to at least 564 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs...
So much FUD recently, it is now time to look for a good price to stock up some ETH again. Key support and resistance levels and zones have been identified. Looking at the Daily chart, EMA 200 is currently holding, but a further drop might be happening. Suggest to buy some ETH at around $520 and $400. In fact start accumulating right this moment. A drop to $400 is...
Ethereum has broken major support at 756 (Fibonacci retracement, horizontal overlap resistance, bearish price action) and a strong drop could occur from this level towards 538 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support). RSI (34) sees an intermediate descending resistance line provide downside pressure on Ethereum. Trading...