After reaching the local peak at $280, $ETH calmed down and the local uptrend was changed to a consolidation. The first reason is the correlation between $BTC and $ETH, the second one follows Bitcoin in 9/10 cases. However, Ethereum has its own reasons to go lower.
Let's start with the triangle that had an almost horizontal support, this pattern tells about...
So we had a a pretty rough day yesterday, but this is what you signed up for trading this market. The movers stomped out some stops yesterday and while everyone was buys freaking out over a few % points the whales were busy collecting all their coins. You have to be ready for volatility like we saw yesterday, because your trading in a unregulated market, with...
Hey Traders! Here's a projection for the target price of Ethereum. Conceivably this pattern is a bull pennant. The Measured Move rule computes the target price of a bull flag/bull pennant pattern by measuring the height from the bottom of the flag pole to the top (A) and then add that same amount from the bottom of the pennant (B).
If this pattern plays out,...
Conclusion for today’s Ethereum technical analysis: Price closing above ~325.30 implies further bullish strength in Ethereum.
Ethereum analysis for today is presented on a 6 hour timeframe candlestick chart with major focus on the uptrend in Ethereum (ETHUSD) since December 15, 2018. Context is provided for price action ever since then using a bullish price...
ETH may have to go back to test this level before it takes off up the upside. Because all the people who were sitting at this level waiting for the price coming back down to $83-$100 have missed the boat. Now they may have a second chance to get on. Protect your money and good luck.
If you have been following my Ethereum analysis you will notice that I am getting mixed signals on this sum of a bitch! I had some free time today since I am sitting on the sidelines right now and have closed all of my positions until I get confirmation. I feel like there is a grand plan here for the whales and they are...
Last week we have posted this chart before correcting. You can check it on related ideas.
4H CHART EXPLANATION:
As we can observe, price broke the Daily descending trendline, the Wedge Pattern and the Resistance Zone with a strong upside movement. Now it is facing the Resistance Zone at 250 and making a corrective structure to continue the bullish movment. We...
Whats up traders and moonboyz! I say that kindly , since all I hear lately is that were going to moon!!! Let's get something clear! Just because your a moon boy doesn't make you a trader. 95% of trader's loose money and lot's of it! You need to have patience in crypto and one bad move and the educated TRADERS WILL EAT YOU...
Since the recent uptrend of the ETHUSD there has been new support at 230 and new resistance at 271, we are currently close to support so we recommend buying, Stochastic confirms our analysis as he is in his lowest range.
A short destination: 270.
so... this is based off alot more factors than what I will include in this update, but lets say that I do alot of historical big gain repeater coins with historical data so ETH BTC(13,15,17, this year?) ETH exploded from 4$ into the hundreds then str8 up to the 1500's so we know that when big money starts flowing in based on positive reports from financial...
The chart is pretty detailed and should speak for itself so I wont go to far into it here and just #letmyCHARTTALK and you #FOMOkidsWALK! happy trading, dont get short squeezed into oblivion #BastardBEARS! ;p
Regarding the technical forecast, Ethereum is following our price prediction, and reaching $250 is just the matter of time. Despite being traded sideways for around a week, a further price dump is not noticed on the chart. Both, MACD and RSI show positive dynamics, and Ethereum holders might see the price at $260 till May 31.
After making an amazing move to the upside looks like Ethereum is ready for a pullback. If you are interested in buying ETHUSD pair, the blue horizontal area is the first area where buy entry makes sense.
Even the positive news background could not keep Ethereum from falling; at the time of the writing, its rate has reduced by more than 7% against the US dollar. The quotes are trading according to the our scenario predicted a few days ago.
Ethereum on the hourly chart has almost touched its bottom at the $230 mark. One can expect a rollback from this point to the...
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