Along with Litecoin Ethereum has made a pretty good move over the last two days and I am tempted to add to my position. My plan though is to be patient and wait for a better price to buy. I would like to see ETH test the $400 support level again where I would buy or slowly drift lower to the long-term trendline where I would also buy.
This is a perfect time for short ETHUSD. Apparently, price will be down for a while, moving towards support trend line. Wait for RSI indicator to confirm price movement. Addionatly, volume confirms an ETHUSD weak market (as you can see, while price is moving in a bullish trend, volume is moving in a bearish trend)! SellNear: 460 - My Take Profit - TakeProfit:...
After the glorious rally from 8 USD up to 420 USD within less than six months, Ethereum is in a consolidation since early June. It looks as if this consolidation takes the form of a bullish ascending triangle, which means that a breakout above 400 - 420 USD will likely initiate the next furious big up-leg. If you add the height of the triangle to the potential...
New ATH on the table for Ethereum (ETH) as the price is forming a prominent ascending right triangle with a minimum target of $406. After a 5 waves impulse from $197 to $300, ETH corrected with a complex ABCDE triangle which is expected to complete a higher degree Wave II at also $300 approximately. Actually a break of the support trendline above $285 could...