Together with all alts ETH was dumped by recent Bitcoin actions but met strong support at ~310 and bounced accompanied by some nice volume, getting above another strong SR at ~337. Now trying to breakthrough 345. Next will be resistance at 355 (3.7% above), very important level. If ETH will get over it, it may start alts bullrun. Basically the signal for bullrun...
Altcoins already running.. looks like a major marketreversal is in the making.. This Fractal already printed 2 times.. Ethereum to 0,6 BTC until mid August..?! 1600% is possible imo , if this is the market turnaround..
While Bitcoin grows all major alts do the same. So does ETH. If it breaktrough 355 resistance, it will grow towards 385. And if the King will be even more bullish, it will certainly touch 400, before retracement.
Midterm forecast: While the price is above the support 0.02735, beginning of uptrend is expected. We make sure when the resistance at 0.04175 breaks. If the support at 0.02735 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is...
As mentioned yesterday, Ethereum seems to be forming a H&S pattern as it continues to look very weak as the days go by. It is currently finding resistance at the 50%FIB level but support is not far away as the EMA is providing help for now. MACD continues its downwards momentum while RSI heads back down towards the triangle support, which must hold or we could...
Entry 0.0385, Stop ~ 0.0355, Exit on chart. Too much BTC bullishness in the space, especially on Twitter. You guys realize ETH is reducing block rewards, right? Also, it's centralized, but who cares?!
Ethereum is headed further down on the BTC and Dollar pairs. This is largely due to the ripple effect of the current uncertainty in Bitcoin's price. We still have more room to move down on the dollar pair before I'd consider going long ETH. Just my thoughts.
The market cycle which started in the late March- early April with accumulation, is now approaching it's end with the final markdown phase. Possible reversal may occur here. A new cycle can start here with a new accumulation phase with a plenty of upside potential. On the downside, if it continues to fall then i see a support somewhere around 0.0498. If it...
ETH can test the resistance line after the test I expect to fall on a dense support
Well, this is seriously suggesting a reversal. Is the third time this happen MACD about to cross SRSI oversold and getting into price dynamic zone BottomFinder giving a very Strong signal (thanks to "theheirophant truckloadtrader" for this. Please try his work) Coindetector also giving an important alarm to buy (Thanks to "CoinDetector" !! give it a try, very...
Hello folks, We wait to see ETH coming to make a double bottom to enter safely. Watch clearly there is a trend line coming to support at double bottom as well! The top blue box is also a support point but not as strong as the bottom blue box. Trade wisely and smart! Cryptocholics out, peace out
Ethereum is one of the coins which tend to go the opposite direction of Bitcoin so as I was expecting BTC to breakout soon and I decided to checkout and what I see is a movement down , RSI overbought bearish signal, Elliot Wave Oscillator looking to make one more small red wave before ETH goes green so a downward movement is anticipated.. So my advice to my ETH...
Hello folks, This analysis gives everything you need to know about EthBtc pricaction. Green lines are support lines. Red lines are resistance lines. Blue lines are showing the general wedge trend. Use 50, 100 and 200 MA as both support and resistance as well! (If at high then resistance visa versa) We'll update the graph if necessary, for now we...