The market forms a new swing high lower than the previous one. It's not good for bulls as it's just an additional signal confirming the downward movement. RSI confirms the price reversal. MACD lines and histogram support the downward movement. DMI is bullish but ADX line falls. It tells us about a correction movement.
If the price drops below the local support...
ETHUSD is approaching our first resistance at 175.50 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 156.75 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
ETH / USD TA
Here we are looking at an overall bear pattern which in bear market has over 72% of validating. Weekly chart for ETH does look much more bullish however until we actually see solid breakout from one of the ends of this pattern, we won't really know for sure. Currently there is a lower risk exposure to going SHORT vs LONG however you can always hedge...
Still trying to improve my noob EW skills, so don't hit too hard at me.
But honestly, there's nothing else to see than a deep dive for #Ethereum.
So feel free to share you view on this TA, just want to improve!
Positive and constructive comments more than welcome!
Happy Easter weekend!
Hi, This is what I see is happening. Im not too sure this is an impulsive 5 Wave count, rather a corrective 3 Wave count (ABC).
part of the reason is because in the Green C wave we have already seen 2 impulses. Yet both of them are overlapping which should not usually happen.
Also, if this was wave 3 rather than wave C (GREEN) then we would have shot up more...
Trading volume weak, market retest the support level. It looks like 167 get a temporary support. It is golden cross already. The market looks promise, maybe will have the following 2 scenario development:
Scenario 1: market need another leg for breakthrough the upper resistance. In the short run, 200 days EMA still play a key resistance. Resistance level might...
Looking at the daily time frame on Ethereum, we can see that the Bullish trend-line is holding pretty well, but also few Higher Highs and Highers lows being formed, thus forming a Counter trend line, if we maintain this momentum, with ETH, we can see another touch of the trend line at around $156 region.
Market's are still going sideways, maybe because of the...
Nice classic butterfly pattern completed.
Equal measured move at the same time (Harmonic Move)
Double Bottom at a previous level of structure confirmed the trade.
711 pips of profit potential
Reward/Risk = 3.53
Ethereum is starting to erase Friday’s solid gains as the second largest cryptocurrency comes under early week selling pressure. A bearish head and shoulders pattern is looming over the four-hour time frame, with bulls needing to move price above the $185.00 level to invalidate the pattern. Key intraday technical support for the ETHUSD pair is found at the $154.00...
Entonnoir : D/H4/M30 (intraday)
Aucun soucis à se faire pour le moment puisque nous sommes toujours sur un biais bullish en daily et à l'intérieur de cette compression daily (jaune).
Le prix a corrigé avec cette sortie de compression H4 (bleu) par le bas qui a été stoppée net par cette zone de S/R des ~168 au milieu de la compression daily.
A few days ago, i have published a idea of ethereum.
Yesterday, 20.04.2019 Daily Ma50 crossed up Ma200 Movinge Average.
That is very important.
Ethereum has a big potential to increase.
On 20 January 2020, Ethereum Might Be 8000$
1- Btc will increase
2- Ethereum needs huge update for scalibity and real life bussines life.
Not minding the price drop, the price chart still gives a positive signal.
On the daily time frame, the price of ETHUSD has continued to hold on to it's move to the upside after breaking out of the ASCENDING TRIANGLE CHART PATTERN.
The psychological support level which initially was the major resistance level price found it is hard to breakout from is now the new...