Ethereum looks very appealing here above 166 support with falling wedge coing to an end. But it's price fully depends on BTC, so if the King fall lower, we may expect ETH to drop towards next support at 155-160. If BTC will move up towards ~9700, ETH will also bounce towards 179-183-187. Keep in mind it is day chart, so both directions will take 2-3 days.
Priceline of Ethereum / US Dollar has formed a bullish gartley and entered in potential reversal zone.
I have defined targets using Fibonacci sequence:
Buy between: 185.56 to 180.57
Sell between: 189.50 to 199.09
Atif Akbar (moon333)
Ethereum has broken an important trend line from which we can conclude that there is an end to a further decline. Final bottom for Ethereum will be near the $ 178,-. This will eventually become a double bottom. If the $ 178,- does not hold, Ethereum will continue to fall to the $ 160,- / $ 150,- area.
Hello dear ETH traders, but esp. HODLers!
As we had analyzed a few weeks ago, since the crucial break of the 0.025 BTC bottom, ETH is getting completely crushed towards grandpa Bitcoin in the direct correlation.
This is true for all Alts currently, as the market is heading towards BTC dominance, despite ETH's major role for all ICOs. So we could at any time...
Ethereum (ETHUSD) is looking bearish after breaking below support... Let's take a look at the charts on the weekly time frame for ETHUSD...
Let's get started!
First we can see ETHUSD growing since early December 2018 until recently, late June, when it reached a peak.
The low hit on December remained at $80 USD. The peak hit on June reached $363 USD.
When prices rose at the previous low, candles continued to climb through the 5d MA and 10d MA lines. It's a red circle. Recently, however, the candles broke through the 5d line in the beginning, but the 10d line remained unsealed. The reason is simple. This is because it belongs to a downward trend. If the atmosphere is not good, we may have to sell it at a price...
Priceline of Ethereum / US Dollar cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
MACD is strong bullish
Stochastic is oversold and has given bull cross
RSI is coming out form oversold zone
Volume profile of complete pattern is showing less interest of traders at this area
Breakdown of the downtrend + fixed. Very pleased with the de-correlation with bitcoin. At the fall of Bitcoin, Ethereum is growing. By domination, they broke through the incoming channel, the possible beginning of the altseason
For the first time (it feels almost since forever) the Alts managed to 1) Not fall as much, and 2) bounce much stronger than BTC.
In the case of Ethereum, this showed itself on the Daily chart in the direct correlation in ETH/BTC, where we had previously broken out of a Bear Flag:
In ETH/USD, we now have a clear Double...