Ethereum is very bulish, but opressed by Bitcoin, same as Siacoin and few more altcoin with almost the same extremely bullish structure. I'm not very "convinced" in Bitcoin at this point, because there are strong fluctuation by BTC side which affect entire market, so alts can't grow (even those extremely bullish). This seems like perfect opportunity for...
Price action rejected by the 618 FIB level, expect a pullback . Day chart is bullish, with price closing above 21 EMA, once this pull back is completed, we will review again.
If we touch 1381 and it holds we are expected to see a downward trend due to weak bullish volume atm. Check the yellow bases and see what happens... Good luck everybody and have a nice weekend! ;-)
Ethereum is forming a really strong major reversal signal with a head and shoulders formation. A break of major neckline support at 1096 (38.2% Fibonacci retracement, horizontal overlap support, neckline support) could trigger a strong move down towards 917 support (61.8% Fibonacci retracement, horizontal swing low support). If price breaks this major level of...
45min MACD just crossed Descending triangle formed (3rd lower high visible) RSI forming lower lows Sold at 932.50 Target buy $910-$890
Ethereum is now testing major resistance at 864 (Bearish price action, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level which could push price down to at least 766 support (Fibonacci retracement, horizontal pullback support). Our next major level of resistance is at 905 (above strong bearish price action,...
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Ethereum is now testing an area of resistance (Multiple 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this area to push price down towards support level at 583 (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is dropping nicely with good...
Ethereum is now testing our major resistance area at 717 to 748 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance area, bearish price action) and a strong drop could occur at this level to push price to at least 583 support (Fibonacci retracement, horizontal swing low support). Our next major level of resistance is at 809...
Ethereum bounced above our major support level and reached our major resistance level perfectly. Now it is dropping strongly and our next major level of support is at 710 onwards to 692 (Fibonacci retracement, Multiple Fibonacci extensions, horizontal swing low support) where a possible bounce could occur once again to push price up towards major resistance at 792...
Ethereum has dropped strongly and is bouncing off key support at 709 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level. Our next major level of support is at 653 (Fibonacci retracement, horizontal swing low support) and our next major level of resistance is at 804 (Fibonacci...
Short opportunity for a father of altcoins :)
This is a perfect time for short ETHUSD. Apparently, price will be down for a while, moving towards support trend line. Wait for RSI indicator to confirm price movement. Addionatly, volume confirms an ETHUSD weak market (as you can see, while price is moving in a bullish trend, volume is moving in a bearish trend)! SellNear: 460 - My Take Profit - TakeProfit:...
All Trade Parameters shown on the chart. Short setup in 16h Supply.