As we can see ETHUSD is getting weaker and weaker (lower highs near this support )
Red path :
and when market create lower high near one support that means that market is getting ready to break support and created lower low too.
so 1400 can easily break and we would expect 1300 for our first target of falling scenario .
Green path :
But we should consider this...
Hello gentlemens, its been a long time since I posted my last analysis, and im BACK!
As usual, my perspective on the market its based not only on charts, but on informations from outside.
This moment its a very good moment to entry, we've had a -30% correction which is very healthy, good to keep it pumping, ETH was too risky before that to entry.
The "Fear &...
Greetings Traders this is my new analysis for Ethereum.
On the chart we can see that the price after the new high has collected its strengh and went for a downtrend movement.
I expect that the price will menage the rest of the downtrend movement even further to the price of 1220 key level.
Also on the chart we can see a bearish downtrend after the swing to 2000...
Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the daily timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. As Ethereum completed its major ascending-wedge-formation and showed up with serious bearish price-action to the downside that...
These are the three main aspects when assigning long term value to your portfolio (imo)
A constantly adapting space where it is difficult for the majority to even keep up with it
this adaptation resulting in innovation
And of course longevity, the longer a coin has been around I believe secures its place within the crypto space firmly (time heals wounds)
gas prices look to have lowered by half.. not sure if sending a few mins ago was a peak hour to send but seeing half the price is good..
looks like the daily is closing below the 50ma. rsi is showing a gap that needs to be filled.. would of closed my position to get a better price but decided to hodle
Similar gravestone Dojis can be seen before a run up to the ATH
This ATH will be reached around ~9000
A 630% increase from the bottom of the current wick
Comparison points are in (a)
Gravestone's are a bearish pattern but in this case it may be acting as a bear trap, leading to...
Ethereum has struggled along with Bitcoin and has pulled back from its recent highs. That's ok. Everybody needs to take a breather. If you're like me, I've enjoyed accumulating.
Could Ethereum pull back more? Sure. But a large pullback is unlikely unless we have a severe global event or a network glitch of some sort. Anything could happen obviously and there are...
ETH is approaching a decision which will have to be taken pretty soon.
Similarly to BTC (below my idea) the price has to choose if it goes higher or we drop further. This will take place soon as there is not much room left and price is being compressed here.
The bullish case presents a nice possible pump for ETH towards $1,800 while the bearish case has...
At the moment, Ethereum was show us a bullish candlestick that at the moment, it's bullish, the price it's still above of the EMA 200. It's very important for Ethereum,
Well, that it's all my update that I bring you, becuase in Daily timeframe we would need to know this zone.
As Ethereum make support above of the 0.382%...
Trade Safe - Trade Well
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in...
A look back on the KRAKEN:ETHUSD chart in relation to Bitcoin's halving dates can give a lot of perspective.
Previously, 43 weeks post Bitcoin's 2nd halving (9 July 2016), Ethereum took quite a big dip (-73%) before resuming its upward momentum following Bitcoins bull run cycle.
Now, 41 weeks post Bitcoin's 3rd halving (11 May 2020), Ethereum has taken...
The price of Ethereum dipped nearly 20% in the last 5 days, reaching a low of $1350 per ETH on 23 February. During this selloff the price of ETH on crypto giant Kraken, fell to nearly $700, significantly lower than on other platforms. Jesse Powell, Kraken CEO, explained that this discrepancy was made because of the extreme selling and that was nothing wrong with...