breakout with testing line + fibo level 78.60 % + support zone+active zone ETHUSDT
HI Everyone, ETHUSD is near Demand zone and consolidating under triangle pattern. Very soon We will see and upward move thanks .
ETH is a LONG as per the technical perspective. Entry point: 275 TP: 350 SL: 245
ETH forming a large triangle on the 1D/1W, bullish long term. See related idea for log scale.
Chart Info Market :CRYPTOCURRENCY Currency : ETHUSD Time Frame : D Date : Oct 18, 2017 **Don't Forget To Like and Subscribe
Figure formation head of the shoulders + breakout of a downtrend + Fibonacci falls with a good correction and growth to the level of 23, 8
If we look at coinmarketcap we see that the current price of Bitcoin is at $5623.65 with $93 500 137 705 Volume. From the view of volume we see that Ether is currently at price $340.59 with a $32 399 320 332 Volume.. So ETH is at 1/3 in volume vs Bitcoin. Basically ETH would be at 20000$ price range. Or Bitcoin is overpriced a lot.
After a big market gap a shy up trend has been forming in all markets including Etherium, Stoch says that people are buying more, so we can see a possible up movement all the way to the 271 levels, the 265 and 253 resistance levels should be watched closely when tested, if failed you should place a stop-loss using the resistance as reference - 1 ATR + 10% works fine.
Let's see how this one goes. Stop is under the latest low. Target - all time high.
My thoughts & info on the chart.. Let know what you think about this :)
I am practicing harmonics so please feel free to give constructive criticism and helpful information. I believe I see a Bearish Crab Forming on H4 timeframe, Still not sure at this point but using simple raw price action, pattern/trend analysis there are many possibilities here.
Hey guys, We wish you happy Friday first, we hope you had a successful week. Now for the last day of trading, we have a shorterm trade in ETHUSD. When the market stays below the current high of 318.769 we like the buying at 270.351 with a stop loss at 240.6918 and an initial target of 360.263. We will cancel the setup once the market breaks the high because then...
Currently ETHUSD is in an AB extension to the D target of $466.33USD. Looking at the sub AB retracement (a=$136.12 and b = $258USD) it has made a 0.618 retracement to $182.68USD. It broke the counter trend line on Aug 08 to begin its extension to the capital D $466.33, however its about to hit its sub d target at $332.32USD. At this point expect a pull back as...