ETHUSD reversed off our first resistance at 94.21 (50% Fibonacci retracement , horizontal swing high resistance) where a further drop might occur below this level pushing price to our major support at 85.85 (61.8% fibonacci extension , horizontal swing low support).
RSI (21) has reversed off resistance and we might see a corresponding drop in price.
Trading ...
We have many chart analysis for Bitcoin so what about ETH.
Surely ETH/USD go follow BTC/USD. Definitely when Bitcoin come to 2800 - 3000$ so ETH must also down follow and target is 74 - 76$ for final bottom in middle term before nice bounce will come with all market.
And when Bitcoin come to 4300 - 4700$ as my predict so ETH will be around 130$.
So what about ...
Knocking at resistance right now. I am currently flat. If we continue to close below resistance then I will short. If we break above and retest as support then I will look for long setups.
Here's an interesting setup... the sell-off is basically looking to go parabolic on the daily chart next as bears finally exhaust the bulls. This will likely be the final swan dive for ETH as the big caps in crypto look to begin building a floor during 2019.
Liquidity and market volatility will likely make trading this par to the downside a bit more ...
Right now, ETH is reaching some historical price levels that acted as support and resistance from 2017. What I'm seeing is kind of an upside-down fractal from the start of the bull run, about where the price is now. The rapid increase in dollar price during the months of May and June is comparable to the rapid decrease in the last couple of months, notably the ...
Ethereum is forming an inverse head & shoulders an cup and handle. Expecting a breakout to resistance.
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Visually, Ethereum is not much different from Bitcoin.
If Bitcoin, in the case of a breakdown of the balance, going fall to 2850-3000, then ethereum - to 66-68.
And the probability of this scenario is really high, since there are no big active buyers on the market yet.
But first the price should breakdown 85 - it's a last level where there was a small initiative ...
We are going back to the shaded area where we predicted high volatility. We can only test this level for so long before the Bears commit to driving through to lower levels, or finally decide that the shaded area is the low -- unfortunately, we follow the lead of BTC and the big dog is as BEARISH as BEAR can be -- and so shall it be that we continue the BEAR ...
Finally expecting a bounce after tomorrow (December 14th)
Down to USD30-60 (I know that's a lot of range lol) I based it on a lot of fibonacci retracements
Go-Ethereum (Geth), which is Ethereum’s most used software client has just updated to version 1.8.20 and revealed that the Constantinople hard fork will happen at block number 7,080,000, which means it could go live sometime between Jan. 14 and Jan. 18, 2019.
Constantinople is a proposed upgrade that (if accepted by users) would bring enhancements to the network, ...
As seen ethereum can test the third bottom (about 72$ which is 3000$ BTCUSD * 0,0237 the minimum from December 2017) then rebound to 92$ (which is a resistance on the falling wedge which is a potentially bullish formation). We will see.
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