As can be seen from the chart and more specifically the ADX and DI indicator ETH/USD is currently ranging.
This is not an easy trading environment, but positions can be taken long at the bottom of the range between $165 and $167.
At the top of the range shorts shall obviously be taken, between $186.50 and $183.
Be aware that there are some intermediate S/R levels...
From this chart it seems that ETH/BTC on Bitmex might go up to test the 50 EMA.
This might be a highly speculative long, with tight stop below the green line and not for the faint at heart.
This is just my view on the market. Don't make this your only source of information for your trading decisions.
Do your own research. If you don't do that I...
As can be seen from this chart BITMEX:ETHUSD just bounced off the lower resistance of the descending parallel channel.
Prior to this it bounced off of the upper support of this channel and was not able to return to 100 EMA, which is signalling weakness.
Therefore I remain bearish for BITMEX:ETHUSD and will have a very close...
As can be seen on this image currently we have 2 ascending triangles on the daily bitcoin chart. In my opinion this means that even if the inner triangle break there is a good possibility that the outer triangle will still hold as support, but it is only a matter of time.
Therefore I expect a break down of...