MACD is about to cross bullish, the next few hours/days arefight on top in my opinion.Stay aware of the golden line at 0.0295.
It looks to be agood long entry for a short time or can climb even higher when momentum goes in. tight stop loss under 0.0246 is recommended!
Elliot wave would suggest that 5 waves are completed off bottom with classic impulsive structure. The blue box is suggestive of the correction target range from which a new 5 wave structure to the low 30's should commence. This box is determined by the fibs of the 5 wave and confluence a=c, plus the beggining structure of C wave that seems to have commenced. I...
This is a lot like a bubble, just need to get to the top, to blow, there are three points of acceleration in the uptrend, it is extremely vertical, there is a high probability that the price breathe and rest on the second stage acceleration, and there is also a chance to rest in the first stage of acceleration.
This is not a clear trend right now, so I would rather stay at side lane. Watch out for the golden lines and what happens at them
Just care about the mother of all indicators. Have a a real close look on the price change before the MACD is to close out bearish or bullish. MOON can happen soon.
As some of you said I was not clear, I think it is heading up from here. can totally dump to 0.015 but i wouldn't trade it right here. could go to 0.447 in a few hours, long term is BULLISH.
The pump went up a lot more than I thought but target was hit anyway. Bittfinex joining is getting the volume up, traind right here is hard but llok out for the red lines, these worked pretty fine in the last days:
That 4h candle could not have turned any uglier... And the current one even opened below downtrending line.... Not exactly bullish any longer...
People going nuts shouting MOON but as longs as the golden lines are not broken this is a bearish scenario right now
ETHXBT is about to cross the MACD and I think touch the RSI again. Ethereum is definitely going to touch the triangle at 2575 and will reach up to 2750, making a 6.7% LONG available. A possible break out may follow but I am unsure in what direction, that's why I opt pulling out in the 2750 area.
ETH is about to bearishly cross the MACD and become undersold on the RSI. Decent support has been found at 2750 so I expect an ideal shorting opporutinity to happen at 2799 up until 2630, making a nice 6,42%. The slight pullback to 2799 is not guaranteed to happen but, looking at ETH's past and the current status, I do consider it likely.
ETH has hit RSI 3 times and is showing serious resistance around 2325-2500, MACD is very close to turning beneficial. I identify the long term trend as upwards and, based on ETHXBT touching the absolute low at 2100 I opt for a LONG position towards at least 2900. As soon as ETHXBT breaks the 2500 I think the uptrend is guaranteed.
Short term is bullish right now but i would rather expect another denial by the upfront red channel lines. If it does so, the bullish flag scenario is on hold until it breakes either the top or the bottom side of that channel. I'm still holding half of my longs and keep a close eye on the golden lines, since I think a breakout top is more likely in the next few days.