After our last chart/update, ETHUSD had a strong drop/reversal, the bears now have the upper hand. For Ethereum (ETHUSD) prices are now moving below EMA50 ($219). This signal is only confirmed once the daily candle closes. If prices close above EMA50 this signal is invalid. If ETHUSD closes below EMA50 or $219, then we are likely to test the 0.786 Fib....
Please Support this Idea with LIKE if it is Useful.... ETHEREUM Update.. The price is below strong support/resistance level,If price stays below the level price may continue to move down towards next support level at 1.27000 level,wait for the price to reach the zone and if price gives any bearish signal,look for Sell opportunity For Entry: Wait for the...
ETHUSD (Ethereum) conquered EMA50 (1) back in early January 2020 and recently tested this same level as support (2). With EMA50 confirmed as support (prices remain trading above this level), ETHUSD can resume its growth. EMA50 here is marked with a magenta line and is sitting at $218.60. Now that EMA50 has been tested, EMA10 ($232.15) is being challenged with...
Ethereum versus Bitcoin pair is breaking below a Descending Triangle. RSI confirms its weakness as it also broke an uptrend line of support. Best to go all in on Bitcoin as its Halvening is only 66 days away at the time of this post.
In this video I talk about Ethereum vs usd and btc pairs on higher timeframes. ETH/BTC in particular is looking incredibly bullish. That means that one probably should consider to allocate more position size into ETH than the usual.
The upward trend in the daily graph currently holds. The candles are located above the Ichimoku cloud but on the other hand, are below the average Ichimoku indicator lines (kijun-sen, Tenkan-sen), the indicators disagree on the future of the ETH. As long as the Ethereum remains above the $ 213 support line, we will continue to recommend buying Target: $ 280
Low chance of reaching target. Unlikely trade. Maybe if someone could push the market down... Fun fact: Many were close to being liquidated here, so they had to cover. Pump caused big wick, allowing more short fills before move down. Enough liquidity down there for many to get mostly out, but still price memory at this price. Hoping it can push ethereum down...
ETHUSD seems to be making a five-wave impulse decline. Price is currently in wave (iv) which is unfolding as a triangle. A triangle always precede the last move of a sequence in an impulse pattern. If this count is correct we should see a short-term decline to around $190 to complete the impulse pattern. What's your thought about Ethereum?
Please Support this Idea with LIKE if it is Useful.... ETHEREUM Update.. The price is forming a potential Bear-flag pattern,wait for breakout to sell with initial target at $210 & final target at $200,If the price breaks above the invalidation level then the setup will invalidate.. For Entry: Wait for the formation of Bearish Candlestick Pattern to close on...
Good morning traders, after we have had a look at BTC yesterday and what to look out for, and a further drop there (still within okeish ranges, but certainly looking a little more bearish now -> BTC violated MA50) today we will have a look at Ethereum and a very possible scenario in case Bitcoin is going to drop. The BARR (Bump and Run Reversal) is a rather...
Bull flag/wedge pattern on Ethereum? I think so.
If you are an ETH fan then this chart "may" excite you, if you are not, then you may be right! If Ethereum had one green month followed by a red month then we never saw gains. If we had 2 months in the green then we most certainly had at least 4 green months. As a matter of fact it was 6 greens followed by 4 then 5. Also, take a look at last months vs. Jan...
Right now ETHUSD (Ethereum) is trading above EMA10, which we consider bullish but... Recently, ETHUSD printed a higher low with trading volume starting to decrease. We can notice bearish divergence with the MACD and a bearish cross. The RSI is trending lower. We know that each time any important resistance level is conquered, it is later tested as support....
Ethereum has recovered nicely from the selloff but looks like it's putting in a rising wedge into resistance. I know, I know, cryptos have a tendency to blow out the top of rising wedges, but caution is warranted. We are not out of the woods just yet.
ETHUSD (Ethereum) hit a lower high after testing EMA50 as support. This can signal that another drop is coming but this time to test EMA100 at $242-$243... This signal is only invalidated if prices move and close above EMA10. Anything else we expect a drop. Namaste.
I think that, If it doesn't stay above $268, the target is $240-247$. Ethereum may come up with a withdrawal after a sudden pump. While completing the Head and Shoulders formation, a sudden pump was moved upwards and there was an increase in volume. Follow me on Twitter: @Trade4Crypto
Not financial advice Ethereum looks likes it's getting ready for another move up. Bitcoin on the other hand could be searching for a daily lower high in comparison to the mid 10,000's. Which would indicate more red to come. With this in mind I would caution you to keep an eye on BTC.
Price action of accumulation - distribution ranges of last days and price prediction based on that supply and demand analysis for Ethereum / US Dollar