This 4 hour chart setup hypothesises that we could be at the beginning of a bearish channel, leading ETHXBT towards a test of two key support levels the first being the volume-based Point of Control around 0.01415. From this point I see a final leg of potential to really test any longs still in the market, and to provide strong buying opportunities as we test...
Quick update: We are breaking downtrend as of right now. This is heads-up to my followers to exit shorts. Today's action was bear trap.
Hi Guys, Guess what.... Maddie is back! Because some of you found my chart's ugly i've made a new layout, with a little touch of pink :) hope you'll like it! Im no't gonna make a very long description on explaining patterns etc so, if this head and shoulder pattern breaks it's neckline for more than 1,5 days, than you should take a look @ my price prediction....
Following the EW theory...this might be the 4th wave up.
Unfortunately, all positive signals turned bearish at the same time. It feels like some big hands want this down. Do not fight them. Follow the trend. Which now, unfortunately is bearish.
After yesterday's strong buyer's momentum that broke 0.03 on Kraken but was denied by Polo sellers, we are gonna have another try at 0.03. The reasons are written in chart: Quick denial of dump, downtrend didn't even form. Inverse H&S RSI holding support, quickly rising with higher lows and higher highs
Hi, yesterday we had an attempt at major turning price level 0.03 and we broke it on Kraken. On Poloniex, huge sell walls (15000 ether in one order, etc) appeared and scared the buyers who stopped at 0.02995, which is rather sad. We got stopped out of our trade (and partly exited manually since it was clear buyers are there, just not willing to finish this ...
ETH is looking heavily bullish to me from TA point of view. Find comments in chart. Combined with Vitalik's speech at Coinbase twitter.com I believe this is a no brainer. Stop loss 0.0285 Target 0.05xx
I anticipate price increase to 30's mild correction and by next week/Thursday/Friday, we should be moving higher, by the end of the month we should break 36, moving towards 60.
bubble chart confirmed...sub 0.01 on the way
downtrend has began, could see it going much lower than 0.01 during the next weeks,months
KRAKEN:ETHXBT Safe Trades;
Updating my previous ETHXBT chart, we seem to be retracing the recent decline. Now, this could be an uptrend continuation setup, or simply a detour before more downside. Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do). Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup...
ETHXBT pulled out of the Squeeze Funnel and got a huge increase, there is a stagnating RSI and a MACD about to come down make me believe ETH is overpriced right now.
Adjusted chart, be on the right side when it happens! 0.0246 as stop is valuable.
The green trend lines maybe initiate anotherbig bull move, obviously we are in a big trend channel up (pink one), if we leave this pink trend channel it is fully decided for weeks if not months.