Ethereum (ETHUSD)if the price breaks the red resistance line,
a slight jump may come up.
in this case the price is what butterfly pattern is stuck on.
at least my expectation ...
Ethereumdollar
ETH Long position targets and breakout indicatorLooking for Eth to break up from bull pennant with volume on 4 hr chart around 685 before May 2nd. 1st target 750, second target 850, 3rd target 990 with stop loss at 660. using 2 Fib retracements covering entire coin history and Q1 fall from grace at its all time peak around 1400 down to its low 300's along with flagpole from apparent bull pennant from the last 18 or so days.
5 likes and I will update this analysis.
Ethereum Leading All Coins HigherEthereum and Bitcoin Cash are leading all coins higher, and are showing the trend that Bitcoin will almost certainly follow. Unlike Bitcoin, whose chart is not so clear with the breakout, Ethereum's chart has broken out of the triangle very clearly on multiple chart patterns including the long term trendline support (bottom part of triangle), the top resistance (top of triangle), the ABC correction under Elliot Wave Theory, and others. The bulls decided to "run with it" and are taking it higher. Ethereum will likely take a breather at the next Fib level before continuing higher.
ETHUSD , weekly update: Total profit 815908 in 2 days.!!ETHEREUM/DOLLAR
Total Profit: 815908 pip
Closed trade(s): 55057 pip Profit
Open trade(s): 760851 pip Profit
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 04.11.2018.(we use SimpleFX.com standard charts as reference.)
Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
Open Profit:
Profit for one trade is 504.782(current price) - 420.243(open price) = 84539 pip
9 trade(s) still open, therefore total profit for open trade(s) is 84539 x 9 = 760851 pip
Take Profits:
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Midterm forecast:
While the price is above the support 272.650, resumption of uptrend is expected.
We make sure when the resistance at 630.500 breaks.
If the support at 272.650 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 56.
ETH - This MIGHT be the trend reversal indicatorHi guys. We MIGHT be in for a first small trend reversal as we are having a Heikin Ashi doji candle, highlighted by the white arrow.
As in one of the updates of my previous post, I mentioned that the yellow horizontal (top & resistance of June & September) acts as a support for Ethereum. Fair, we actually kind of broke it, but seems like we are keeping close to it and the chart is creating a Heikin Ashi doji just underneath. See the sidenote here below for a quick refresh on what Heikin Ashi candles are.
We NEED an upward move (in the form of a green candle) after this doji candle, to be able to start talking about a break-out. Preferably above the yellow line.
We are ALSO seeing a golden gross now in the MACD and likewise in the Stochastic Momentum Index below. In the latter, you can see that we haven’t had a bull cross in that low of an area before, hinting to a strong positive signal.
Also, RSI is in the clear oversold area (not shown here).
While sentiment is still very bearish, and we are more then obvious still in the downward trend channel, we are absolutely not in the clear yet. But always nice to see those hints of hope and trend reversal. Also have a look at that first green volume bar, albeit well below average volume.
So… let’s keep attentive of the next candles, volume, and price movement. This might be the beginning of a trend reversal – BUT could easily be dispelled. Best thing to do remains either sitting on the side line or if you are already in there, to HODL HODL HODL.
PS1 - this is by no means to be considered formal investment advice
PS2 - Always nice if you can gently click on the thumbs up button - it's not a lot of effort but it makes my heart light up! ;-)
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Sidenote on Heikin Ashi (feel free to skip this)
The difference lies in how candle sticks are calculated:
Close = (open + high + low + close) / 4
High = maximum of high, open, or close (whichever is highest)
Low = minimum of low, open, or close (whichever is lowest)
Open = (open of previous bar + close of previous bar) / 2
FYI: A doji candle is a commonly found pattern in a candle stick chart, characterised by being small in length - meaning a small trading range - and with an open - and close price that are virtually equal.
FYI2: A spinning top is another Japanese candle stick pattern with a short body found in the middle of two long wicks.
FYI3: Heikin Ashi candles can be found in Trading view under the candle stick section and by clicking the 4rd option; these work somewhat differently than regular candle sticks.
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ETH-USD reached support at $400After the bearish breakout of the support at $600, Ethereum-Dollar has arrived at the next strong support at $400. Here it is likely, at least initially, a rebound (still missing a green candle). There is a bullish divergence between price and CCI (20). The breakout also of the support at $400 (with high volume) would precipitate the currency pair, in all likelihood, as far as $250.
Ethereum/Dollar at a crossroadsAt this moment, Ethereum/Dollar with a foot and a half in the abyss. If the double support, static at $ 600 and dynamic with the simple 200-day moving average, should not hold, it would open for the Ethereum a bearish scenario of $ 200 with the next support at $ 400. On the contrary, a rebound could push the currency pair to the test of the bearish resistance as far as $ 700 (about).
ETHUSD is preparing to launch again. Keep your eye on it.!!Technical analysis:
ETHEREUM/DOLLAR is in a range bound and Resumption of up trend is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 37.
Midterm forecast:
While the price is above the support 553.100, resumption of uptrend is expected.
We make sure when the resistance at 799.300 breaks.
If the support at 553.100 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Trading suggestion:
Price is in the Trend Hunter Buy Zone (736.200 to 630.500), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (736.200)
Ending of entry zone (630.500)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 799.30
TP2= @ 847.80
TP3= @ 948.10
TP4= @ 1151.60
TP5= @ 1229.70
TP6= @ 1415.95
TP7= Free
A Great long-term Trading opportunity to Buy in ETHUSD!!Midterm forecast:
While the price is above the support 553.100, resumption of uptrend is expected.
We make sure when the resistance at 965.400 breaks.
If the support at 553.100 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Trading suggestion:
Price is in the Buy Zone (799.300 to 738.500), we would set orders based on Daily-Trading-Opportunities(Price Action) and expect to reach short-term targets.
Beginning of entry zone (799.300)
Ending of entry zone (738.500)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Phttps://www.tradingview.com/chart/BTCUSD/leq2AhaQ-Price-Action-Lesson-5-Weak-Hammer-Example/
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 37.
Take Profits:
TP1= @ 864.500
TP2= @ 965.400
TP3= @ 1151.600
TP4= @ 1229.700
TP5= @ 1415.950
TP6= @ Free
Don't miss this Buy trading opportunity of ETHUSD!!Midterm forecast:
While the price is above the support 553.100, resumption of uptrend is expected.
We make sure when the resistance at 965.400 breaks.
If the support at 553.100 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (799.300 to 738.500), if so, we would set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Beginning of entry zone (799.300)
Ending of entry zone (738.500)
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.
Take Profits:
TP1= @ 864.500
TP2= @ 965.400
TP3= @ 1151.600
TP4= @ 1229.700
TP5= @ 1415.950
TP6= @ Free
ETH/USD keylevels to watch in 1-hour timeframe (for short-term)Here are the main keylevels to watch if the price of ETH/USD goes on being uptrend, for short-time investors (hourly).
I think that the price will go on being uptrend.
The lagging span line still has to get over the cloud in 1-hour timeframe, in order to have a first confirmation of the potential uptrend.
There are also obstacles in higher timeframes, mainly the daily one.
Excellent Long-Term Hunting Opportunity in ETHUSD, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (864.535 to 731.100), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (864.535)
.Ending of entry zone (731.100)
Take Profit:
TP1= @1012.050
TP2= @Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 75.
.Current short-term is uptrend and continuation of uptrend is expected.
Ethereum , A good buy opportunity in ETHUSD ,catch it!Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (663.650 to 513.750), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (663.650)
.Ending of entry zone (513.750)
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 36.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 864.500
TP2= @ 988.450
TP3= @ 1151.600
TP4= @ 1229.690
TP5= @ 1415.950
TP6= @ Free
Excellent Long-Term Hunting Opportunity in ETHUSD, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (864.535 to 731.100), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (864.535)
.Ending of entry zone (731.100)
Take Profit:
TP1= @1012.050
TP2= @Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 75.
.Current short-term is uptrend and continuation of uptrend is expected.
ETH - My plan to Buy MoreAlong with Litecoin Ethereum has made a pretty good move over the last two days and I am tempted to add to my position. My plan though is to be patient and wait for a better price to buy. I would like to see ETH test the $400 support level again where I would buy or slowly drift lower to the long-term trendline where I would also buy.
Ethereum/Dollar: ETCUSD - entry points Ethereum Classic/Dollar ETCUSD
Nice continuation patterns here giving quite clear entry points
on each break above each little pattern.
It's just had a good break and is a little overbought - so can't
chase it here - instead, suggest 'going fishin' (as with last Dash
comment which yesterday worked perfectly) - put an order in
just above 15.24 break out level and maybe later in session
the fish will swim to the bait and bite and maybe it won't.
Eventually this looks as if it will move back to retest the highs
around 23, with each level of most likely near term
resistance, shown on chart....let's see if the fish bites
ETH/USD. Potential reversal point.Price formed Triple Top, so I expect falling.
ETH confirmed that by broke out S1-support+Zone of traders consencus(ZOTC).
Next strong support - S + Demand zone (220-200$).
