Market in last 24hrs
-ETHUSD saw an uptrend after rejecting from 408
-Price volatility was high. The market moved ~4.88%, between $408 and $389
Today’s Trend analysis
-ETHUSD expected to move sideways as Bollinger Band squeezing and acting as resistance
-Price at time of publishing: $395
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral....
Scalp ( ETH , long)
Enter. 397.0- 397.8
General rules in my trades (scalping/ intraday trading):
-Exit1 and Exit2 is the exits I use generally, Exit3 is just for risk lovers.
-If not otherwise specified, I would recommend a stoploss at the price of around 2% change at the unwanted direction. Although, I must say that...
Hi everyone, I hope everyone enjoyed these beautiful runs we've had with our cryptocurrencies.
With the massive run up on ethereum I noticed a few similarities with the last run.
Look on chart for the accumulation (purple), consolidation (yellow), first wave (orange) and second wave (red) and notice their similarity.
The important difference here is the lenght...
I'm very bullish over the long term with the inevitable crash of the USD, but there will still be pullbacks. On a purely technical level, I'm seeing a higher probability of a small rise in USD and a pullback in ETH before a continuation upward.
We seem to have settled sideways. Ignoring all fundamentals for a sec, if we hold this lateral movement into what would have been the bottom of the channel drawn out over the beginning of this uptrend, we may pop up to finish off what we left off above 400
Just food for thought, thots.
Ethereum price starts to cave into selling pressure under $400.
ETH/USD path of least resistance is downwards but support is anticipated at $390.
Ethereum price for the first time in 2020 made it above $400 even beating the 2019 high around $361. A new yearly high was formed at $415.86 but marked the end of the magnificent bullish move. Due to high volatility...
RSI looks nice for a bit more of a short term run. Still see room here for $500 target.
Sticking close to previously drawn estimated trend line. Reduction of volatility is is looking nice for sudden movement.
Don't expect this to last much...
ETH Current Scenario could go short or long so trade carefully. Placing order above or below the triangle would be wise and please don't forget stoploss. I believe the pattern shown on the screen in bearish but I am not really sure what will happen so trade carefully and wisely.
Simply put, ETH's 400 price lvl is equivalent to 6k price level of BTC.
Once S/R flip happens, it should be all smooth sailing for ETH as long as the macro condition remains strong.
Three main catalysts all converge together at the same time.
#1. Fundamental factor-
Medalla is the final testnet before the launch of the Eth 2.0 network, which...
LONG TERM HORIZONTAL RESISTANCE
RSI BEAR DIV SHORT TERM, BUT COULD POTENTIALLY UNWIND BIGGER M TOP FORMATION
INSIDE BAR CANDLE ON A DAILY TF
ETH 2.0 FUNDAMENTAL EVENT HAPPENED ON AUG 4TH. WILL THIS BE ONE OF THOSE "SELL THE NEWS TOP"?
FEAR AND GREED INDEX FOR CRYPTO 79 - EXTREME GREED. NOT A GOOD SIGN TO SEE AT RESISTANCE.
IF YOU FIND MY...
Last week EthUsd closed above 2019 pick. BtcUsd hasn't, but it will too. This year we might see ATH for most cryptocurrencies.
Don't waste your time waiting for correction to enter. If your target is ATH it doesn't matter a lot at what price you enter.
Just risk accordingly and but Ethereum, Bitcoin & other crypto. Good Luck & Be Patient.