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.
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 $332.32USD. At this point expect a pull back as...
KRAKEN:ETHUSD can have a few day to get ready for the next bull's triangle or accumulating for one of the classical continuation patterns (FLAG or something). BUT ONLY IF the Bitcoin will continue it's organic growth towards 3700-3900$ and will slowly form the classical trend of impulses and corrections towards a higher target.
For the ones that want to ask or...
ETH/USD Higher Lows mark the current structure for this pair since the July 29th low near 175 unable to push lower and bouncing swiftly to the current price 255.38.
Now ETH/USD looks to have all the Bulls men along for the ride back to 2017 highs @419.90. @CryptoSeraph
ETH/USD Higher Lows Mark the current Bullish structure for this pair since the July 29th low near 175 unable to push lower. Now ETH/USD looks to have all the Bulls men along for the ride back to 2017 highs @419.90. @cryptoseraph
Hold your horses and not panic sell, $300 was well supported.
This bullish bat pattern has reacted and about to hit TP1 anytime, TP2 is not far off and achievable.
![ETHUSDT: {BUY SIGNAL - 1:12 RISK:REWARD] ETH/USDT Support bounce](https://s3.tradingview.com/d/DANI0BHE_mid.png "{BUY SIGNAL - 1:12 RISK:REWARD] ETH/USDT Support bounce")
