ETH might be a bit easier one to watch, because here we can see the process of making a rounding bottom has started already. I have chosen the Bitfinex chart because we don't have such a huge wick there. I just can't be sure that it's the right though, but no choice here that to do the most logical thing. First of all, the highlighted orange area shows that it's...
Here we have ETHUSD 1D chart.
After reaching our target perfectly from last update we need to take a breathe with ethereum and correction or pullback or call it as you want.
By watching the same previous levels to correct we will notice a left shoulder is formed before and now we are in the right shoulder, so we need to reach 170$ levels to confirm...
Another big view post where because for some reason I decided to take the trend line of the current move and extend it as far as I could take it on the chart and I saw that despite all the exponential gains and parabolic moved this line is valid back to 2015. It is not guaranteed to hold forever and it might not last during the next bear market (in 3-5 years)...
Hello friends, traders, everyone...
Ethereum is the turtle of the group! Took longer to complete the breakout, spent FOREVER in the buy zone. But, we saw a great move up in the past days after completing a 62% retracement. Now, we have measured here the new impulse wave and identified some more entries. Typically, I target the 127% and 162% extensions after a Fib...
As an alternative to the structure that I posted earlier, this whole set up may become an impulse with the extended wave 3 as shown on the chart.
If interested, you may simply google it “channel extended wave 3”
Let’s see how this will play out
I see some waves may push us back into the pitchfork and back towards 300.
I am not elliot wave specialist. In fact I know none of the rules.
If this looks correct to you and you think the pitchfork is still open and well jump back in because of the waves, then give it a thumbs up :)
Posting mainly to track my idea :)
I am not much of a trader, but I saw this pitchfork possibly open, then we fell out of it and we just recently broke inside of it again and tested the bottom of the fork.
I suspect we will go up towards middle of fork and then come back to retest the bottom, and then up towards the resistance @ 300 :)
Just an idea, I already have a *small*...
Currently trading ETH
Long from 225
Bear Bull Filter identified great entries
Past 245 resistance now, there good volume for a weekend.
Almost at 23 fib on 1hr
Past 23 fib on 4hr
I expect we will drop back under though when we wick it on the 1hr
If we do I will short scalp but...
ETH is forming a golden cross, 50 EMA is about to cross 200 EMA. BTC had also this cross a while ago, now BTC is 60% increased. Could this help to increase to new yearly highs? RSI looks good here IMO, looks like the bulls are in control. If this continuous this way then I am pretty sure that we can reach new yearly high of $350 up to $400 dollar within the...
The last week has been very positive and lucrative, there may have been a few casualties in the Friday morning selling but that was to be expected as FOMO has set in, it was wise to be “Fearful when others are greedy and greedy when others are fearful.” . The lows were the perfect time to be buying and indeed we have orders set once again just above the $225 area...
As in the chart we can see Ethereum is moving within the marked channel, if we break south the next support is 215USD level as 200SMA hourly, in case of strong break the next support will be 175USD level as 50SMA daily, breaking on the upside will lead us to the recent highs.
Wait for action next to the bounderies of this channel.