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$ETH #ETHEREUM ETHUSD 4H Chart forming a big Cup and HandleHello Lads and Ladies, Today we are looking into ETHUSD. As we see on 4h Chart it has formed almost a perfect cup and handle formation. Right now it seems like it is ending the handle and testing the resistance of the handle, yet RSI is at almost 70 points, indicating it being heavily oversold soon. Therefore I believe it will retrace once more to 550 - 500$ and there enter the buy zone. From which it would have a HUGE move over the neckline which is located at 800$ and might even head to test 950$ and then 1100$ resistance. ANYHOW, it could break out right now and start the run within the next few days, this is in my opinion not likely because we would have to see huge jump in the whole market. Yet the indicated buy zone should lie in this timeframe where the market has strong moves. There is also the bearish possibility indicated where the chart would continue in this handle channel all ways to 361$ again, from where the possibility of a bounce back up would be even higher. In summary I would wait and see to where it retraces, if it comes down to the indicated buy zone, the targets would be as already stated: Target 1 800$ Target 2 950$ Target 3 1100$ Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Cheers, Tomas
BITFINEX:ETHUSDLong
by KongTrading
Possible breask-out Sooncurrently coming to a decision point in this symmetrical triangle. Though it is only the 30m chart we have been seeing higher highs on smaller time frames leading me to believe we have bullish pressure to go up as well as a fairly strong rend line on the lower end of the triangle. Target is a break above 7620. keep an open mind to both bearish and bullish scenarios. a break below the trend line could start a major sell off down to 7450 and from there it all depends on the whales. Short term - Bullish. Mid-term - Neutral. Long term - Bullish.
BITFINEX:BTCUSDLong
by Kdomincio7
A Bullish Engulfing Pattern is formed in Bitcoin daily chartMidterm Forecast: . While the price is above the support 6000.00, resumption of uptrend is expected. . We make sure when the resistance at 9774.80 breaks. . If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: .While the RSI support #1 at 30 is not broken, the probability of price decrease would be too low. . The RSI downtrend #2 is broken, so the probability of a resumption of uptrend is increased. . Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. . Relative strength index (RSI) is 41. . A "Bullish Engulfing Pattern" is formed in the daily chart at 7469.45 on 05/29/2018, so the probability of beginning of uptrend is increased. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (6974.35 to 6000.00). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (6974.35) Ending of entry zone (6000.00) Take Profits: TP1= @ 7556.25 TP2= @ 8180.60 TP3= @ 9051.90 TP4= @ 9774.80 TP5= @ 11600.00 TP6= @ 12750.00 TP7= @ 15308.00 TP8= @ 17095.65 TP9= @ 19704.20 TP10= Free Trade Setup: We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01. Total Profit: 1181981 pip Closed trade(s): 770015 pip Profit Open trade(s): 411966 pip Profit Closed Profit: TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit. TP2 @ 8180.60 touched at 2018.04.15 with 146475 pip Profit. TP3 @ 9051.90 touched at 2018.04.24 with 233605 pip Profit. TP4 @ 9774.80 touched at 2018.05.05 with 305895 pip Profit. 84040 + 146475 + 233605 + 305895 = 770015 pip Open Profit: Profit for one trade is 7402.46(current price) - 6715.85(open price) = 68661 pip 6 trade(s) still open, therefore total profit for open trade(s) is 68661 x 6 = 411966 pip
BITSTAMP:BTCUSDLong
by ForecastCity
1
BTCUSD July bullrun?Hello again! Today i would like to share with you an idea on BTCUSD I found out there are 2 scenarios that are most likely to happen First, is we follow market structure using the blue line as our support and restistance, which basically means, currently we are sitting at the support level. By following this blue line as a support, we could expect a breakout of the market structure. The second one is that if we fall below the blue line, expect to see a drop to around 7800 ish before bouncing up again. Fibonacci retracement then would then be used in order to determine the support/resistance levels. As for the RSI, it is still low, and also the stoch RSI has already become bullish. This is not a financial advice! Comments and feedbacks are appreciated! Thanks
BITFINEX:BTCUSD
by evntdra
Weekly analysis: would Bullish wave continue?Midterm forecast: While the price is above the support 6000.00, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 34. Trade Setup: We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01. Total Profit: 1144505 pip Closed trade(s): 770015 pip Profit Open trade(s): 374490 pip Profit Closed Profit: TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit. TP2 @ 8180.60 touched at 2018.04.15 with 146475 pip Profit. TP3 @ 9051.90 touched at 2018.04.24 with 233605 pip Profit. TP4 @ 9774.80 touched at 2018.05.05 with 305895 pip Profit. 84040 + 146475 + 233605 + 305895 = 770015 pip Open Profit: Profit for one trade is 7340.00(current price) - 6715.85(open price) = 62415 pip 6 trade(s) still open, therefore total profit for open trade(s) is 62415 x 6 = 374490 pip Take Profits: TP5= @ 11600.00 TP6= @ 12670.65 TP7= @ 15308.00 TP8= @ 17095.65 TP9= @ 19704.20 TP10= Free
BITSTAMP:BTCUSDLong
by ForecastCity
Weekly analysis: would Bullish wave continue?Midterm forecast: While the price is above the support 6000.00, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 34. Trade Setup: We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01. Total Profit: 1144505 pip Closed trade(s): 770015 pip Profit Open trade(s): 374490 pip Profit Closed Profit: TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit. TP2 @ 8180.60 touched at 2018.04.15 with 146475 pip Profit. TP3 @ 9051.90 touched at 2018.04.24 with 233605 pip Profit. TP4 @ 9774.80 touched at 2018.05.05 with 305895 pip Profit. 84040 + 146475 + 233605 + 305895 = 770015 pip Open Profit: Profit for one trade is 7340.00(current price) - 6715.85(open price) = 62415 pip 6 trade(s) still open, therefore total profit for open trade(s) is 62415 x 6 = 374490 pip Take Profits: TP5= @ 11600.00 TP6= @ 12670.65 TP7= @ 15308.00 TP8= @ 17095.65 TP9= @ 19704.20 TP10= Free
BITSTAMP:BTCUSDLong
by ForecastCity
5
AUDJPY approaching major resistance, prepare for a potential droAUDJPY is rising strongly and approaching major 1st resistance at 84.81 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 82.96 (Fibonacci retracement, Fibonacci extension). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
Bitcoin/USD - Double bottom increasing chances of riseWe already had 50% retracement of whole impulsive upward move from $6.5k, also we came back to the previous channel and bounced from its bottom. On 1h, 2h, 4h intervals we have Hammer candles formations which are bullish signs and my led us above the solid red line from where we have big chances to crash yellow line. This scenario has bigger chances for me considering all above. However if we will not have enough power to crash the red line, the we most possible fall to at least $8k.
BITFINEX:BTCUSD
by hiddenpablo
BTC Fails at 8700, Test Down at $6800 USD Coming Soon!BTC failed to find the steam even with Consensus - to push up past the $8700-$8900 USD level yesterday and this morning (EST, anyways). What now for the monolith? Previous violence at and around the 8k level - April 12-18, 2018/March 14-26, 2018 albeit a little less obviously - tells me that the next support line will be at that level. I suspect that, given the lack of price finding between $6900 and $7800 or so on the April 12 candle, the price will likely settle in somewhere around $7300 USD (just above the lower trend line) before moving back up to the same $8900 level and trying to find the heart to push to 9200 and beyond following that. If BTC fails at the 8900 retest - say, somewhere around the middle of June, or a tad earlier - we're looking at price action falling below the lower trend line and starting a new, fairly convincing bear channel/trend. For now, I'm staying put - I need to be convinced that BTC has the juice to stay above 9k before I feel good putting any more fiat into the game. In the meantime, I have bids at $7500 USD all the way down to $6900 USD - try to get the most bang for my buck during this little dip.
BITFINEX:BTCUSD
by JoeyGrams
Bears are loosing strength For last 12 days, Bitcoin has been moving in a triangle. I think chances of having a bull run to at least recent high (9750) are higher than a drop. When we study volume, clearly sell volume is fading. This is especially obvious in 1 hour time frame. I suspect soon bears will run out of steam. Resistance levels : 9754 10235 10961 (major resistance) 11718 (major resistance) Support levels : 9031 8800 8648 8270 I will update this post regularly.
Long
by reza_tayebi
7
Buy in May and go away? Bitcoin's drive to new levels [BTFD]Some easy to read levels and targets for Bitcoin for next week or so expecting some sideways action be good for alts but more money going into bitcoin will should see 10k broken and move onto higher targets and resistances RSI and MACD look loaded and great position for some steady movement towards the upside profit taking recently has been tight so expect good pullbacks for entry if wanting to make a play any Q's plz join us in out Telegram chat with links below if any of our charts have helped you make some $$$ please consider buying us a coffee/beer etc by donating below peace and profits
COINBASE:BTCUSDLong
by majorlee
3