Hi Guys,
Guess what.... Maddie is back!
Because some of you found my chart's ugly i've made a new layout, with a little touch of pink :) hope you'll like it! Im no't gonna make a very long description on explaining patterns etc so, if this head and shoulder pattern breaks it's neckline for more than 1,5 days, than you should take a look @ my price prediction....
Unfortunately, all positive signals turned bearish at the same time. It feels like some big hands want this down. Do not fight them. Follow the trend. Which now, unfortunately is bearish.
After yesterday's strong buyer's momentum that broke 0.03 on Kraken but was denied by Polo sellers, we are gonna have another try at 0.03. The reasons are written in chart:
Quick denial of dump, downtrend didn't even form.
Inverse H&S
RSI holding support, quickly rising with higher lows and higher highs
Hi, yesterday we had an attempt at major turning price level 0.03 and we broke it on Kraken. On Poloniex, huge sell walls (15000 ether in one order, etc) appeared and scared the buyers who stopped at 0.02995, which is rather sad.
We got stopped out of our trade (and partly exited manually since it was clear buyers are there, just not willing to finish this ...
Just care about the mother of all indicators. Have a a real close look on the price change before the MACD is to close out bearish or bullish. MOON can happen soon.
As some of you said I was not clear, I think it is heading up from here. can totally dump to 0.015 but i wouldn't trade it right here. could go to 0.447 in a few hours, long term is BULLISH.
Ethereum is going parabolic. Here is a potential zone to take profits or to look for bearish evidence (10.3775). I would wait for price to crack before getting short. The price targets are just examples of potential trade ideas. The 6.0000 even handle is the area where I would look to get long. Be careful with this one, price can still run irrationally high. Good...
Ethereum continued its incredible pump and reached highs of 0.00723, from 0.00392 starting point.
On our last trade, ETH was shorted. It went down from 0.00555 to 0.00500, and met strong support there. Ichimoku cloud support (red line) was tested, but not broken. Stop loss was triggered.
On our next trade, we will be looking whether ETH can break cloud up or down....
