Ethereum - $230 Top or New Bull Run ?Using the Fib Retracement tool on the Ethereum charts gives us a good perspective on the meaning price points and reactions.
In the following representation , we have a slow breakout scenario with a market finding continuous support and weak bearish energies.
Currently we are support by the previous trending resistance line and finding heavy resistance at $230 which seems to be our next target if the support line won't break.
$230 is also 0.236 pattern line with meaningful previous movements and radical activity.
Feel to check out my profile for other educational content and private coaching.
Thank you
Scrembo
Ethereumdollar
ETHEREUM has completed cypher | 64% expectedThe priceline of Ethereum / U.S Dollar Cryptocurrency has formed cypher pattern.
The price action is entered in potential reversal zone and we has 50 simple moving average and 100 SMA supports in PRZ area.
The MACD is turning bullish.
Stochastic is oversold.
From here the price action can move up to hit the sell targets soon insha Allah.
The targets are set using Fibonacci sequence.
The targets are:
Buy between: 224.73 to 191.33
Sell between: 251.00 to 314.20
Regards,
Atif Akbar (moon333)
ETHEREUM $850??Hey Everyone!
was just going through charts and updating, and noticed ETH is in one of my favourite patterns to trade! Reason being it is not only supported by the PARABOLA, the cup pattern is usually a good indicator of higher prices to come!
As I explained previously in ADA USDT chart, which has so far only had a fake out and dropped back into the handle for support.
ETH pattern shows that the current movement should achieve just under the $500 mark and with some added FOMO push us over the line!
Currently I think ETH will have a minor drop here to retest the parabola before taking off.
The CUP AND HANDLE is one of the easiest patterns to recognize and usually quite reliable. Remember no trade goes the way you want it to go 100% of the time - and that is why MONEY MANAGEMENT is essential to make money over a period of time. If you are winning an average of 50% of your trades with strict money management, you are going to win the marathon!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
ETH/BTC IS READY FOR NEW HIGHS! *DON'T MISS OUT*As you can see from the split chart, we have an inverted scale of Bitcoin Dominance %, and on the right we have Ethereum/Bitcoin chart showing an amazing setup with multiple bullish divergences presented on the Relative Strength index & a clear cyclical bottom.
Ethereum is showing that we've just finished final sell-off before entering into an accelerated advancement where we will then see new highs for not only the BTC pair, but also the USD pair as well.
BTC dominance will move in opposition to ETH/BTC, I have the charts scale on the left inverted for easier viewing & comprehension!
Happy Trading!
BSVUSD LongHey Guys, BSV looks like it might be ready to take off towards the 300 usd mark,
although there remains a possible visit back to the recent lows if we can't break here
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WHY ETHEREUM IS HOLDING THIS REGION! Hey Everyone,
A few weeks back I gave you a chart with some higher targets for ETH , this chart is pretty self explanatory and simple. No ELLIOTT WAVE, NO FANCY JARGON, just a few support regions that will hold in order to move us higher!
Now I want to show you the hidden resistance (similar to my BTC chart)
In 2017 we saw the All Time High for many coins and tokens and this rise and subsequent fall has created numerous support regions with strength due to the parabolic movement and decline of the patterns. On ETH we see 3 strong support regions cross and form an almost unbreakable support zone, (where we are right now) something catastrophic would need to happen for this to break, and at this present time, it is looking really good for ETH to reach the $350.00 and beyond targets.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Ethereum Bullish Continuation?Welcome back!
Today we will be taking a look at Eth to decide where we can go from here.
There is a couple options I am watching both bullish and bearish.
Let's jump right into it!
From sub $200 Eth rallied and broke up to $280 before we had our eventual retrace.
Prices now are consolidating in what looks to be a symmetrical triangle.
Symetrical triangles are 50-50 bullish and bearish so this is showing indecision inside the market.
What we need to see is a positive bull break out of this resistance before we can except to see continuation.
Whether we breakout or not is Dependant on BTC.
Based off my analysis it looks like were will get one more drop to our trend line before we see either side impulse the market.
If we break lower, expect a retrace to around $200 or our 200MA.
From an Elliott Wave perspective it appears we are consolidating before our final wave 5x3x3.
Once this impulse is over that will complete wave 3x3 before we start the final 5x3 to complete wave 3 entirely.
Overall this looks more bullish than bearish but it depends on what BTC decides to do.
Overall count has us completed wave 1 with current prices finishing out wave 3x3.
A trading opportunity to buy in ETHUSDMidterm forecast:
While the price is above the support 162.650, beginning of uptrend is expected.
We make sure when the resistance at 264.800 breaks.
If the support at 162.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 44 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 148.700 on 04/26/2019, so more gains maximum to Major Resistance (264.800) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 74.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (187.50 to 162.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (187.50)
Ending of entry zone (162.65)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 264.800
TP2= @ 309.100
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950
TP12= Free
A trading opportunity to buy in ETHUSDMidterm forecast:
While the price is above the support 162.650, beginning of uptrend is expected.
We make sure when the resistance at 264.800 breaks.
If the support at 162.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 44 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 148.700 on 04/26/2019, so more gains maximum to Major Resistance (264.800) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 74.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (187.50 to 162.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (187.50)
Ending of entry zone (162.65)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 264.800
TP2= @ 309.100
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950
TP12= Free
Ethereum/Tether (14 May) #ETH $ETH #USDT $USDTWe have succeeded with the last ETH signal. However, the market is becoming more active and making ETH grow beyond my expectation
Currently ETH has broken the Rising Wedge formation but it needs to get over 200$ zone otherwise the Wolfe wave will kill us
If ETH falls to 190$, it will continue to fall back to 170$
If ETH can sustain over 200$, target must be 240$
ETHEREUM'S NEXT STEPS...This is just technical analysis. Do not follow this trade blindly!
Hi fellow traders!
ETHUSD is currently 3.19% up from yesterday in terms of market price, seeing a surge over the past 24 hours.
So, is it now time for a pullback, or to try and break through all-time highs?
Personally, looking at ETH from a technical stance, it is currently in a parallel channel, where I believe we will see it float about rising till we look to hit around its first daily resistance region, which is around $177.00.
This could occur in 2 ways, so I will go through both specifically.
Scenario 1: (WHITE ARROWS)
Considering this pair from the 4H chart (although the 1H is posted on this trade analysis), there looks like there is time to see some bullish price action, so we could see a bounce towards the resistance region of $177.00, and then a consequent sell-off as this resistance region has been a strong barrier for the bulls from the 11/04/2019. This could mean a pullback, as forecasted from the 1D chart towards the $165.25 support region.
Scenario 2: (GREEN ARROWS)
On the 1H, there appears to be a bullish hammer printed on the chart. This will pave way for bullish price action, but there is more to think about. The 1H support level drawn in a yellow box has acted as support of the past couple of hours, and I think there is a possibility that in the next few hours, this could break as it is retested. This could give way for a tap of the support line on the parallel channel drawn in blue lines, before seeing a tap to the upside.
In the end, we are looking for an upside push!
The main targets of this trades are as follows:
First Upside Target: AROUND $177.00
Consequent Main Downside Target: AROUND $165.25
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
Ethereum Price TargetsWelcome Back!
My last Ethereum post was a bearish continuation update however, based off accumulation we invalidated that count.
Eth continues to look more and more bullish and I expect it to jump nicely and outperform Bitcoin in the coming months.
Based off my analysis we have hit a very decisive point in the current market structure moving forward. For over a month we have been accumulating inside an ascending triangle which we have just broken out of. Currently prices are working on the retest of resistance which is now acting as support. I expect some nice upside to follow over the next few months.
My target moving forward is $350. Short term target is $240.
TIGER "WOOD" GO LONG ON ETHEREUM (ETHUSD - DAILY)ETH price holding above the $160 level, no further retracement.
Looking to fade sellers and enter about +/- $170, for a 2.4/1 Risk vs Reward
Upside to Take Profit at $210 with a trailing SL.
Looking for precise entry on the correction from $210. (long)
I think Tiger Wood go long....
A trading opportunity to buy in ETHUSDMidterm forecast:
While the price is above the support 80.350, beginning of uptrend is expected.
We make sure when the resistance at 200.000 breaks.
If the support at 80.350 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 180.000 on 04/03/2019, so more losses to support(s) 162.650, 136.500, 99.900 and minimum to Major Support (80.350) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 73.
Trade Setup:
We opened 12 BUY trade(s) @ 206.43 based on 'Valley' entry method at 2018.09.13.
Total Profit: -32628 pip
Closed trade(s): 0 pip Profit
Open trade(s): -32628 pip Profit
Open Profit:
Profit for one trade is 179.24(current price) - 206.43(open price) = -2719 pip
12 trade(s) still open, therefore total profit for open trade(s) is -2719 x 12 = -32628 pip
New Trading suggestion:
.Price is in the support zone (187.50 to 162.65), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (187.50)
Ending of entry zone (162.65)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 264.800
TP2= @ 309.100
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950