Ethereum corrected 85% from its ATH 1420$Ethereum corrected 85% from its All Time High 1420$. Going under a falling wedge from May/2018. If ETH break this wedge upside only then we can see ETH to go up. Cryptocurrency correct between 70 to 85% from its ATH. Ethereum corrected 85% till now or may go to 90% correction where Ethereum has a support at 130$ ETH will go to 130$ if Bitcoin cross below 5800$. Current immediate resistance of ETH is at 254.26$ and immediate support at 191.46$
Ethusdanalysis
Ethereum Master Analysis for future price predictionEthereum is one of the weakest currency among the major name of top Cryptocurrency. I had posted a analysis of Ethereum to my paid group one month back when Ethereum was 450$ and ethereum broke the trend support line. That time all of my paid group member shorted with 5X leverage and they tripled their total investment in Ethereum.
According to the POL flag Ethereum should go near 60$.
However, on the weekly chart of Ethereum moving averages are far away from the current price and Stochastic RSI is showing oversold for several weeks. If Ethereum hold the support of 138$ then it can jump back to retest 296$ as resistance then it will come to near 60$ according to the POL flag target. If a reversal pattern occurs from 138$ and close above 12 and 26 EMA level then I will close my short position for a short time.
Ethereum (ETHUSD) chart patterns:1 hour tfThe 1 hour timeframe of Ethereum (ETHUSD) is shown in this analysis from June 29, 2018 till present date with chart annotations.
Price action on July 31, 2018 breached the neckline of a complex, head and shoulder top formation, which is ideally a bearish pattern. Movement of price action below ~$438.97 confirmed the chart pattern and the pivot of the symmetric triangle at ~$404.64 is anticipated as a price level where Ethereum (ETHUSD) could retrace too and will be key for future price development.
Above all, the implication complex Head and shoulders top pattern is for Ethereum (ETHUSD) to move an equivalent distance downwards measured from the neckline to the head of the pattern and then projected below the neckline.
ETH may continue SOUTH as BTC's ETF is refusedETH is about to touch the upper line of the downwards trend line and most likely to continue lower. Interesting enough is that the trend has 2 upper lines and only one lower. This gives it more resistance when ETH may try to break up. Given the moment and based on analysis ETH should go down, however cryptos are very unpredictable when it comes to news, therefore something new about it can change its course.
Do you think ETH has a tight link to BTC or is more of a self standing coin?
ETHUSD to experience a brief drop before bouncing backEtherium is expected to drop in the following days and test the support. Due to the unfinished downward movement, it can be expected to favor the long position. However there can be a lot of psychological movements in crypto, therefore anything can happen due to news. What would you say? Do you think it will test the support more than it should or is it going to straight go long?
Kenji signals: sell ETHUSDToday, the indicator "Kenji" on the daily ETHUSD chart generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of ETHUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
Is ETHUSD strong enough to break the triangle?Hello guys,
ETHUSD is near the upper trend line of the triangle where prices are bridled from several months.
Now we have to see if it's strong enough to break this trend line. Yesterday prices touched the trend line for the first time, in area $545 (R1), but suddenly were rejected by the dinamic resistance, coming back to the area $520. We have to wait and see if it has the strength to try another time the breaking. If it's able to do it, the first target is to be set to area $580/$590 (R2), where we find the upper trend line of another, bigger triangle.
In case of breaking of thi second resistance (R2) the further target should be set to the 200 daily MAto $715.
Indicators don't give us any particular suggest but volume are not particularly high suggesting a weak movement.
To sum up:
1) if prices break R1: $545----> TP1:$580/$590,
2) if prices break R2: $580/$590 ----> TP2: $715
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
ETH/USD is close to key place where we can open...ETH/USD overview. Just take a look on chart, price is so close to key level $628 from which cryptocurrency rate bounced several times. That level is a key zone for big players. You can open short near $628 with goal $400.
If price will move down, it could go to $400. But for us that would be the greatest opportunity to buy ETH for so low price.
I need to explain you, why I think only for short, at this moment. As you know there is no news around cryptocurrency. We have silents. It's a signal that Big players accumulate their positions. They do it in a Range moves. They wait till retail traders will get tired to wait, and sell all their positions for a low price. There could be a big moving after huge range. I see that pattern on every marker on Stock, FX and Crypto too.
Ethereum bullish price channel update: 4hr tfMy previous post on Ethereum can be found here:
Boundary for the channel in Ethereum (ETHUSD) was redrawn after prices broke below ~$670.18 on April 30, 2018. Previous target area between ~ $818.71 and $839.68 was hit on May 5 with price returning to successfully test the bottom of the channel.
A break below the channel is expected to find support at Support A, which has been adjusted and is now placed between ~$685.23 and $646.08. Any break below support Area A would likely test support B ($623.62 and $597.60). Lines for the channel have been further extrapolated and this indicates that the new target for Ethereum to maintain its current bullish trend is ~$858.46 and $885.75.
CRYPTO : ETHUSD SHORT SETUP RISING WEDGE + ABC CORRECTION This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
CRYPTO : ETHUSD Long Setup on Daily TimeframeThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.