Direction: Short
Reasons for open position:
- Price near powerful resistance zone
- Price near resistance trendline
- Zone coincide with trendline
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it.
Also, you can ask me questions which you have in comments! Please no need to...
Looking at ETH on the daily chart
Bullish divergence in Willy
Bullish divergence in Histogram
Bullish divergence in OBV
Price retracing to the 618
Nice W in price to set a floor at 618
200ma resistance
Waiting for the bulls to step up and take control of this beautiful chart
* Don't forget to hit that like button and follow me on Trading View and Twitter for...
Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst SaysNEWS
Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15.
In a tweet posted on Aug. 20, Burniske noted that in retrospect, 2014-15 revealed itself as having been the...
THEY ALMOST HAD ME!!!!!!!!!!!!!!!!!!!! BUT NOPE!!!!!!!!! IM NOT BUYING 1 SINGLE PENNY UNTIL THEY BREAK 205!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! FUCK THEM THIS IS A SHAKEOUT NOT A BREAKOUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...
Hello traders,
Earlier this week I posted a chart showing the ETH buy setup but the entry level did not get tagged and the flag collapsed.
Now we are looking at a possible 123 standard correction which will bring us to the 205-207$ level.
We will then either get rejected, dump back down and break the low or it will consolidate and be the start of the reversal....
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To...
Momentum and Trend still downtrend. Price still far from the major supply trend-line coming from the ATH. It's possible that we can see some intranet or daily pump but the bigger trend is still down.
While i don't no meaningful divergence divergence is seen in my RSI nor the trend-scoring (dotted lane in my RSI) turning bullish or neutral. There is currently no...
Ethereum is attempting towards the $200.00 level after the second-largest cryptocurrency found strong technical support from the $180.00 level. Bulls need to rally the ETHUSD pair above the $210.00 level to trigger a much stronger move higher towards the $230.00 region. If sellers can move price back under the current monthly low the ETHUSD pair could fall another...
we are forming a posible inverse head and shoulder in eth.
the idea will be to break out of the falling wedge, but ging up we have 3 major resitence.
200 MA
the previous support tyhat is know resitence and we where rejected one time
and the support long support channel , that is now resistence.
I expect to either fail or break of 200 MA and test of the long support.
I am excited to show you all the major improvements I have made to the TrendBar indicator. This idea shows how well it works for ETH on the 4 hourly chart. Remember to use Heikin Ashi candles!
Check out the indicator here:
break above the read overhead resistance pretty much will confirm this with relative certainty.... however this looks like its it right here unfortunately I didn't wanna see this happen like this but.... it looks like this is it... rather I like it or not and its extremely disappointing to say the least :(
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