With the whole market testing lows, ETH needs to break roughly 1245 to see new lower price action. We've been sitting at 1300 for quite a while tbh. On another note, world currencies are going to shit and therefore might paint a pretty picture for the crypto open source narrative.
Ethereum rejected $1424 hard, after making a run higher. We pivoted from $1235, however this was short-lived and just about the entire move was retraced. We are currently finding support just above $1235, confirmed by green triangles on the KRI. If support holds then we may attempt another bounce that is almost sure to meet resistance at $1341. If support...
ETH on 12H is still showing TTM Squeeze which means the upper KC band is currently above the BB upper band. As a result pressure has been building for the last 24 hours. Typically a TTM Squeeze is released when the price action reaches the outer (upper or lower) KC/BB bands.
Currently the ETH 12H lower KC band is $1,260 and lower BB band is $1,250. If...
Trade Idea: Buying Ethereum
Reasoning: Pretty decent support level, price stalling here
Entry Level: 1284
Take Profit Level: 1396
Stop Loss: 1248
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
ETH 12H bounded from lower KC band last night and remained inside the lower KC/BB channel. The current linear regression price channel for the ETH 12H period shows a reasonable low as $1,250 (which lines up currently with the KC lower band) and a reasonable high of $1,320 (which lines up currently with the KC middle band).
Please note the linear regression...
I like ETH back in the $850-900 range for a long... probably November or December... target at least to 38.2 retracement of the entire down move from ATHs (~1700)
Size = S = 5% portfolio
S @ $910
S @ 780
.5S @ 1625
.5S @ trailing stop at the last higher low of biggest time frame with established trend.
ETH is currently in the exact same technical setup as back in May of 2018. A lot is different and has changed over the past 4 years. Nonetheless, if history means anything, then this current stalemate can very likely lead to a flush down to $500s…. No a prediction. A mere observation.
A lot will be caught off guard buying this dip…
See the chart.
ETH tried to pump with the rest of the crypto market yesterday, getting up +7% only to get rejected @ the BF channel that it broke down from on the 18th.
Things to note:
- 50 turning down (bearish)
- Bearish cross of 21 below 100EMA
- Bearish cross of 9 below 100EMA
- Pumped 7% yesterday only to be rejected @ BF channel
If you missed it, go back & see my post on...
ETH 12H continues to show upward momentum. If momentum continues, ETH will likely test the KC middle next at $1,350.
ETH 12H Linear Regression Change Forecast is projecting a current possible high of $1,350 to $1,360.
ETH 12H TTM Squeeze histogram remains lime with red dot indicating upward momentum with a TTM squeeze. The TTM Squeeze happens when...
Ethereum – the world’s second-most famous blockchain network – is a platform for creating decentralized applications based on blockchain and smart contract technology (a command that automatically enforces the terms of the agreement based on a given algorithm). Its cryptocurrency is listed under the symbol ETH and is also used for various transaction costs on the Ethereum network, such as gas fees (which can be infamously high at times).