So from what I see Ethereum like Bitcoin is also forming a symmetrical triangle. Because I see both patterns as being very similar and the outcomes most likely similar I have just copied over most of my Bitcoin analysis. In my Bitcoin chart that I just published, I explained how In most instances, the symmetrical triangle is a continuation pattern which...
The price successfully made a Lower High on the 1D Channel Down (MACD = -16.120) and should be now rejected on the critical 609.80 point (RSI = 48.286). If it breaks to the upside then the pattern is nullified and we will look for alternative scenarios. However the most likely outcome is a new bearish 4H Channel (ROC = -2.615, ADX = 37.058) within the 1D Channel...
Ethereum is on a clear 1D Channel Down (RSI = 42.411, MACD = -28.370, BBP = -69.0840) since the 721.07 Lower High (Highs/Lows = -15.2043). The drop for the next Lower Low will either take place now or at 609.80 (both short entries). Based on the 4H ADX = 28.911 the TP1 is 487.07 (April 14 support) but the technical Lower Low and TP2 is 420.31. The last target is...
Eth is following the path of Bitcoin IF she falls, most alts will follow alone Watch for the following: - ETH is testing .236 Fib - Watch for a possible BO or BD of the ascending triangle - If .236 Fib doesnt hold = $655 at support $DYOR and Happy Trading
My previous post on Ethereum can be found here: It was mentioned in the post that Ethereum (ETHUSD) was likely going to test the bottom of its current bullish channel before any bullish action that would reach the upper line of the channel. Price action rather continued its bullish action breaking the upper line of the channel temporarily i.e. reaching the...
The price of Ethereum from ~$867.20 (March 5, 2018) to ~$461.12 on March 18,2018 has been identified in this analysis as the termination point of a minor wave Y and intermediate wave (Y). These imply that Ethereum will sustain a bullish momentum, even if temporarily. Patience is required because it is safer to start considering long (buy) positions only after a 3...
Based solely on what we are seeing here, Ether has been on a downtrend but has managed to hold around the 50% retrace. This is very important resistance for Ether. If Ether can remain above this level it will become very bullish. Be expecting a high volume breakout from the trendline. If it can hold this level I can see it making a move for its all time high....
Dear Viewers, This is an UPDATE of my previous 4 Hour Chart TA. The 870$ resistance has fallen ! At this time, ETH is not longer in a Bearish mood, we can see that thanks to the RSI being above 50, but keep in mind that the MACD is still corssing down on the daily charts. There is a possibility that ETH drops furthermore if it doesn't hold the 870$ position....
Nice bounce off of the 100 SMA on the daily time frame I would really like to see ETH break above $900 here, although it may fail on its first attempt and need to bounce again off of the 100 SMA. Something will have to give eventually as the price gets squeezed between the $900 price level and the rising 100 SMA. Looking forward if ETH can manage to push back...
My thoughts on ETH are pretty much the same as with BTC, (see the BTC chart I published today for my thoughts on BTC), pretty much since Jan. 13th ETH has been stuck in a 10:1 ratio with BTC. So I would expect if BTC rolls over and heads lower we will see the same from ETH, or if BTC keeps moving higher again I would expect ETH to do the same. As I said in the BTC...
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...
MAKE SURE TO LIKE, SUBSCRIBE AND SHARE! ETHEREUM MARKET IS SHOWING ROLLER COASTER RIDE BUT IT IS SHOWING SOME CONSISTENCY AS MENTIONED IN THE CHART i.e A CHANNEL IS FORMING UPTREND. HOPING TO SEE THIS CONSISTENT GROWTH. Click here now for description of the chart : www.youtube.com For next video and more videos , please comment your questions so that I can...