ETH looks Bearish, It had a good run but with bitcoin not looking too happy at the moment it seems unlikely it will break out of its current trading range. Watch todays video for more context on this chart!
Ethereum looks poised to breakout from a descending wedge on the 3 day chart.
With many predicting a short term bleed to the downside short term the macro chart is telling us that a reversal is now very close.
Hello, Traders!
Monfex is at your service and today we overview ETH/USD .
By breakout the local key level - the price will target the middle zone of the descending channel.
Mid-term trend still bearish and ETH in the price range between key levels. Breakout of which will define the trend.
RSI is going to the oversold zone at 1D chart analysis.
The key...
Hello, Traders!
Monfex is at your service and today we overview ETH/USD .
Ethereum in the ascending channel and triangle under the resistance zone. MA50 - like resistance, MA100 & MA200 - supports.
ETH/USD also has a bullish divergence by RSI.
By breakout of the support line is expected to decline to the support zone.
By breakout of the resistance zone is...
Hello, dear Traders!
Monfex is at your service and today we overview ETH/USD .
Locally on short timeframes, the situation is more bullish by ETH , the logical resistance is around $ 186 . Upon reach which there can be a rebound to the top line on the left chart analysis, at least to the previous peak of $ 155 . But after breaking through, take the target at...
Hello, Traders!
Monfex is at your service and today we overview ETH/USD .
Ethereum broke through the expected support levels. Now it's testing a key level to continue the fall. It can also be noted that although the dominance of Bitcoin is now falling against Altcoins , we can see a bearish divergence at some daily charts on many well-known Alts. This is a...
Hello, Traders!
Monfex is at your service and today we overview.
Be aware of this bearish flag!
Classic pattern for this situation, impulse down - correction movement in flag and continue falling with new impulse power.
Indicators look not so good. Can have some pit stop near ~ $ 160 .
What we can do now ?
1) Short;
2) Fix in money and and see how the...
Huge Bullish divergence on the weekly.
Look at the macd cross.
Aiming for that blue box for hopefully end of year target..
Highly oversold, and ready to rebound..
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.
