I know I'm sticking my head above the parapet slightly by posting an ETHGBP chart but wanted to share my observations with you. The price has just broken through the resistance line and perhaps out of the wedge that was due to come to an end in the next hour or so. Could this be an indication of an increase in price? Maybe ...
This is my idea for a possible Bear market as you can see i'm using the CEX.com to do my analysis.
I'm using Resistance and Support to do this prediction on a daily and weekly chart if we reaching that support line i expect to Buy but also to wait for the signal if not it can go down to test the other support line but will be a long way down we will se but a ...
Hi fellow traders,
This is a strong possibility for Ethereum in my opinion. I'm not yet fully convinced this current bullish state will continue as we haven't even taken out any previous lows so far.
This idea is completely short biased analysis to predict a potential continuation of the bearish move.
I will publish a long biased prediction sometime soon, ...
Low volume index supports bullish trend analysis.
price action on bigger frames support current trend.
Pair's total market cap is under 1 million and is just a matter of time before it increases,
The bottom posted at about £100 seems to be holding on quite firmly and I think we may see a break for the upside. two levels I'm watching for are £228 and £281 for a potential pullback, but I think the trend should be up longterm.
If we do see a decline now, I think we chase the £133 handle and then begin a bullish run.
Ethereum looks as though it may have found a bottom, and if that is the case, I foresee us climbing over the £600 mark. Ive included a rough prediction for how I think we could get there but it is still very early to confirm the 3rd wave move and everything after that, however, it is a reasonable scenario nonetheless.
Ive put up an alternative shorterm play below ...
A case for ethereum trading below £100 per coin looks very possible. We are seeing plenty of volume coming in at the bottom of every decline showing possible buy-side position building, but I doubt we have found a bottom yet. The £50-100 range looks like a good candidate for a bottom.
I think we have officially bottomed out. We saw substantial volume come in at the 61.8 retracement level and I think that that marked a 1st and 2nd wave completion. If so, I expect longterm bullish sentiment taking us above the £600 mark.
Im finding it hard to find a case for more bullish sentiment, initially I though we would go up, but now I'm not so sure. One the bring side, if we do consolidate lower there will be a great buy opportunity building.
ETH looks like it isn't quite done with the upside even though there is a wavecount that indicates that it may have topped out. I personally think we see some more upside but lets let the market lead.
I put up one 2 trades to consider. Not very attractive risk reward, but trades nonetheless.