ETHUSD is approaching our first support at 163.68 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where we might be seeing a strong bounce to our major resistance level at 178.93 (horizontal swing high resistance). Stochastic is approaching support where we might be seeing a bounce above this level.
Trading CFDs on margin...
Corrections are needed for more upward movement :)
The last several weeks Bitcoin has seen amazing price action while Ethereum has been lagging behind.
Finally Ethereum is making moves! Just not in the direction many hoped..
Over the last 24 hours, Ethereum has been knocking out support trendlines one by one. Creating nearly an 8% drop from its local high of...
The market is at an extreme zone right now. I think we need to see some reactions from buyers soon if the integrity is going to be saved. If you're long on cryptos, right now may be the final buying opportunity before altcoins like ETH, NEO, and XLM start to go on major bull runs. However, it also may be the worst buying point, because the downside from here could...
For Ethereum, an ascending wedge that shows a long-term Bull trend,
but at the price of a sub-$ 100 mid-July 2019 correction ... prophecy or mirage?
Anyway, for the days to come: I see a momentum halted net to max $ 200
with a bearish output of this wedge pattern at least equal to its internal amplitude.
DISCLAIMER: This is not an investment advice.
Are you worried?
Price action pros and cons
Trading with in rising channel
Holding above 200sma
Holding above 50sma
Consolidating between $155 and $188\
Lack of strong selling pressure
Difficulty staying above the 20sma
Lack of strong buying pressure
Stoch and AO still have room to move on the downside
Alt coins considerable weaker...
I see that nearly everyone has turned bullish which is really scary, seeing greedy people everywhere.
This greed is not good for the market. To be honest, I don't want the market to continue in the bear cycle, yes, you heard it right. I would much prefer a bull market where - this time! - I know where to exit so I will earn a lot and work from a beach drinking my...
ETHUSDT is about to reverse for the essential 4th within the triangle formation. Given a break-out from USD 174, target of at least USD 200 is reasonable. If it fails to break to the upside, drop to USD 140 is unevitable.
We are bullish since Dec 2018, and we are still keeping bullish.
After EMA(39+145) and SMA(50+200) golden cross, we plan to add more Long positions for our long-term investment.
Surely we do very short run daily hit and run trading, too.
Some time we were stop-out, and some time we profit taking for hit-and-run trading.
We don't think we can buy it at the...
BITFINEX:ETHUSD Monthly Analysis - Adjustment
Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886
Potential Bearish Butterfly Advanced Pattern AC 0.382-1 XD 1.272
Potential Bullish Bat Pattern 0.886
Expanded Flat Corrective Wave (ABC)
Support and Resistance Levels
Fibonacci Retracement Levels
This is an adjustment from the previous Monthly...
Simple as this: it´s forming a bearish wedge on its way to reach an important resistance. It´s being difficult for bulls to get there so if you´re buying, beware of this warning. In my experience this is a clear exhaustion pattern.
Everything can happen on a financial market. It can be broken to the upside but remember, it is your money at stake. Be precaucious....
ETH has been largely laging BTC and other token in this past few week advance. The 180-190 zone proved to be a very strong zone to go through and now the token is being rejected. The break below 168.00 is a first negative signal and force us to adopt a neutral short term stance. We expect ETH to test soon previous low @ 155.00 and find support somewhere between...
I will update this chart with expected targets if there is enough interest from the community. If the community wants more details, please show your interest by hitting the like icon.
Looking at the daily chart we can see a rising wedge after a long down trend since the peek of the market. Has ETH hit bottom or is another bottom still in the...
The second most popular cryptocurrency is moving in the directly opposite way. Over the last day, its rate has been reduced by more than 2%.
On the 1-hour chart, we see that the price is on the way to break a support level at $167.25. If that happens, then the next aim will be $160. In this regard, bears are dominating in the short-term position.