Hi guys, there´s another update on Ethereum chart, we can clearly see head and shoulders pattern getting formed over here. It is gonna get closed on the 650 USD area if we reach it. So here´s really critical area to watch - if we break it, there´s basically no major support until the 500 USD.
Thanks for checking and please don´t forget the like and follow button :)
ETH is the most bullish out of the the big 3, with a lot of potential supports to bounce on, i will be looking to long ETH when i think BTC will bounce!
630-615 will be the perfect spot if BTC is also in a buy zone, if not i will still be longing ETH through the BTC graph.
The next obvious target would be 715 area probably close just before around 710.
Currently price is at the bottom of a bullish channel. Within this larger channel is a descending channel which price broke out of and is now retesting the support. The combinations of these two and the long term bullish prospects gives a great entry for a buy opportunity,
New trading suggestion:
The price is in an up trend and we forecast the uptrend would continue.
There is possibility of temporary retracement to suggested support line (527.285) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
While the level 527.285 is not broken, the...
My spidey senses are tingling. Currently out the market (100% cash).
This scenario could occur on Ether and the whole crypto market would experience some sort of C-move.
I do not expect resumption of the bear market, however we could see a dip here which will damage portfolio if long.
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.
So, we are having a cross of 20ma and 50ma
let's see how that plays out.
We might continue up and if so then altcoins will do well.
but for now I'm out of ETHUSD till I see another setup. I don't short, only LONG
Will wait for RSI to settle and to be down on Bollinger Bands.
Ethereum overdue a correction here after great bullish move. Expecting it to retrace to these confluxing areas of support and fib levels. Worth noting that this retracement may also play out more shallow as bullish sentiment begins to creep back into the market.
Fellow hodlers / friends and family,
Ethereum getting boring is exactly what this market needs. You want to see a base of consolidation for a while.
In my view:
- Look for consistent closes over the 20MA and 100MA.
- Wait for the breakout to happen before adding to your position.
- Forget about trips to the moon and space travelling for a...
I'm not proposing any trade setup as I have been stopped out on previous idea, so I'll hop in when confirmation. But as I said I will reassess after the break of 565.00.
So, while I cannot rule out a new low from current level (still 5 waves down in the FLAT from 02/02/2018), I will monitor as we reached the daily equal leg area from 14/01/2018 high cycle and the...
For the next wave of continuation we should target 9400-9600 before we start to see some real resistance in the market. 9400usd is the 50% fib retrace from the 6000usd low to 11700usd high; expect a battle between bulls & bears around this key area.
Right now the 2hr paints a strong bull market, and we have several hours before the end of the daily candle close,...
BITFINEX:ETHUSD ETHUSD has been forming an ascending triangle, and following today's run, it could be about to break the upside, giving the possibility of reaching $950 in the near term. Buy now or wait for confirmation.