The BTCUSD has been incredibly choppy, with no trend to speak of for the past few days. However, a glance at ETHUSD, LTCUSD and XRPUSD tells a different story. The major cryptocurrencies are flagging and seem to be in the process of carving a base. Adding to this notion, is the fact that ETHBTC is at very significant support. This adds directional bias to the long...
Ethereum has broken trendline support and is now flagging beneath - classic bearish action. A return above the support line would stall downside momentum, otherwise the path of least resistance is down.
I'm eyeing the 340 area as first support. From these levels, that's a risk-reward of around 2.5 ...not the best, maybe a better average price can be found on a...
Ethereum fails to benefit from Bitcoin's rally. As to what this indicates, I have no idea. It could be investor uncertainty and doubt. Perhaps money is waiting for Bitcoin to pause for breath at a higher level, before it can be re-invested in more speculative cryptos.
The trendlines for ETHUSD are easy. We are awaiting a breakout of a 6 week consolidation, of...
Cup And Handle - ETH seems to have made a cup and handle with the 0.5 macro fib area being resistance, it is now making a pennant handle, target for this cup and handle is around the 1k area.
RSI - RSI has made bullish divergence to make a handle, stoch RSI is nearing the oversold area and curving.
Ethereum close to the resistance line of 300 USD and if it breaks up this level the short term target is 315-330,
So now it's a good time to buy Ethereum coin.
Ripple also making a small correction up but not like Ethereum and Bitcoin after a very volatile weekend will make a correction downside so it's a good time to sell.
Ethereum is now on a sideways trend seems the relative strength index (RSI) may go upside which means Ethereum prices may rise up to 350 USD resistance line.
so now it's a good time to Buy Ethereum coins.
Bitcoin is still volatile so pay attention soon will be a decline so pay attention to the reversal.
Wish you an amazing weekend to you and your...
Hey Everyone TGIF (Thank God It's Friday),
Different than stock market the Crypto market is 24/7 what gives you the option to choose when to trade and also more options that fit you.
Today as you can see in the Graph of the Ethereum it seems that now starts a small correction upside,
Targeting between 310-324 USD ( minimum rise by 14 USD.
New Corporate funds...
Clear elliot wave in ether, the initial 5 waves are compleated and the "a" correction has given way to the "b"ascendance, after which, ether will drop again, overall still bullish but bearish in the short term, dont sell yet, wait until we reach the peak of the "B" wave.