Eth had a good pump along with btc over the past day. It is right up against a daily resistance now and if it gets rejected here we have made a new lower high and we will head down to retest the long term uptrend.
If that fails to hold up against the bears next stop is a weekly support at around 392.
Watching closely for a entry either off the trend line or the ...
Good Evening
After looking at the chart and trying to make sense of everything that is happening currently within the market - #Wheresthebulls - I wanted to share some thoughts with you guys.
I have color coded it for an easier expression of what my thoughts are, and hopefully so you can follow along.
The Yellow line indicates a possible new trend line - I ...
So I calculated the drop from January 1st to April 1st to provide a percentage.
I then looked at the previous rise/falls inbetween that period and calculated the percentages from that.
Remarkably - I have detected a $400 rise pattern (Thereabouts) between the substantial rises, before a drop.
Although the percentage in rises are different and often higher, When ...
Ill be making a short position on ethereum which targets the .618 fib @$731 and a stop @ 990, this is just a fun short because i rarely short. (May get absolutely torn apart in this one)
The current trend pattern being formed by BITTREX:ETHBTC seems to resemble what we saw with BITFINEX:BTCUSD, where we had a notable head and shoulders pattern followed by a bullish run again, with further head and shoulder signs. Ultimately we know where BTC went, but will Ethereum follow suit?
Looking for resistance at the current bull run on Ethereum and ...
I'm new to charting.
Trying to work out what price Eth with correct to along with when.
Other external influences such as the ridiculous amount of ICOs will have a factor on this new we'll see.
If you found this helpful please like, comment and share.
If you decided to take it one step further and follow on from it with your own T'A, please ping me a message, would love to see your inputs, surely I've missed some things.
Happy new year and happy trading!
p.s
Also, it is wise to consider the massive surge recently of ICO's that are sucking up all the ...
We are looking at the Wednesday night/ Thursday morning events, predicting a 205 high based on fib retrace from the all time high, also coinciding with the top of the downtrend resistance. After that I am looking at a retest of the short term up trend support, positioning accordingly whether it breaks or not.
Ethereum has been gaining confidence independently from BTC. This is a great development. Possibly more news to come out on Ethereum partnerships in the next week as well.
Ethereum may rally to $240 and then correct from there.
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