In this update we review the recent price action in ETHUSD and identify the next high probability trading pattern and price objectives to target.
April 22' CME Micro Ethereum Futures' advance was halted at the 50% Fibonacci Retracement level (3544) Old resistance around 3222 (.382 level) has now become support and NEEDS to hold in order to keep the bull trend alive. If this fails, I could see it falling to the 2650 area, which would be the last line in the sand for the bulls. -Paul Wankmueller
The Apr 22’ CME ETH Futures contract is currently hovering at the 50% Fibonacci Retracement (Drawn from the Nov 17, 21’ high of 4920 – Jan 24th 22’ low of 2160) This is an area of resistance. If Cleared the .618 retracement of 3868 would be the next logical level for ETH to trade.
In this update we review the recent price action in ETHUSD and identify the next high probability trading pattern and price objectives to target.
ETH confirmed yesterday the break of the triangle, the target is 4100 and 4900
In this update we review the recent price action in ETHUSD and identify the next high probability trading opportunity and price objectives to target.
Ethereum - CME future gap as resistance... Some people believe in the gap theory - some don't. For those who believe - the gap occurred between $2.945 and $2.889. Let's see how ETH price will behave at that gap. But further correction likely since RSI is quite high ATM. What do you think? Drop me a nice comment if you'd like me to analyze any other...
well, we returned for a touch if we can not break 50% on a weekly we have a big dump coming wise watch the S/R zones and the wedge. Not in a trade for this missed opportunity and I do not chase. The same with BTC, and BITF.
In this update we review the recent price action in ETHUSD (futures contract) and identify the next high probability trading opportunity and price objectives to target.
In this update we review the recent price action in ETHUSD and identify the next high probability trading pattern and price objectives to target.
In this update we review the recent price action in ETHUSD and identify the next high probability trading pattern and price objectives to target.
In this update we review the recent price action in ETHUSD and identify the next high probability trading opportunity and price objectives to target.
In this update we review the recent price action in Ethereum and identify the next high probability trading opportunity and price objectives to target.
If the 4-hour Ether futures chart puts in a red candle next, we'd consider selling current-month contracts with a price target of USD 1870 and stop loss of 2850. CME margin for the micro Ether futs is under 100 per contract, so with even a modestly sized account you could sell multiple contracts and take profits all the way down.
There are 3 distinct gaps to be filled for ETH Futures: 2 gaps on the downside, 1 on the upside. As for BTC Futures, the first gap on the downside ($2,096-$2,153) could be filled before to find a bottom on ETH if the BTC and the whole crypto market experiences a last Long squeeze to "wash" the market from high leveraged trades on the market. Anyway, we see this...
We are in for a big week with the Fed's announcement on potential interest hikes and further tapering of their bond buying program. Are they already priced in? Let's have a look... We have seen the typical panic across the board for the Fed's announcement (we knew this since last July!), the expectations are increased interest rates and potentially more than 4...
In this update we review the price action in ETHUSD and identify the next high probability trade location and potential price objective to target.
Have the lows stopped getting lower? If so, can the highs get higher? Entering long at 3399 stop, OSO 3077 stop.