ETHEREUM is above Support/Resistance ZoneAfter the price crossed Support/Resistance Zone and D1 candle closed above we can looking for middle term Buy.
Potential profit will be in 3...5 times bigger than risk.
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Ehtereum
Ethereum - Falling Wedge Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst SaysNEWS
Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15.
In a tweet posted on Aug. 20, Burniske noted that in retrospect, 2014-15 revealed itself as having been the best risk/reward period for investors to get Bitcoin exposure. He added:
“To objective observers, the network’s momentum was clear despite the bearish price action; those predisposed to dislike based on perceived vested interests, were blinded by biases & missed the bus. What happened to $BTC then is happening to $ETH now.”
Bottleneck issues “not solved at all”
Parallel to Burniske’s comments on Ether’s price action, the founder of top crypto exchange Binance, Changpeng Zhao, also known as CZ, picked up on the ongoing debate sparked by Vitalik Buterin’s statement this week that the Ethereum blockchain is almost full. CZ tweeted on Aug. 21:
“I like Vitalik & ETH, but speed & capacity was a problem a year ago, but now a largely solved problem for newer blockchains (for now). We need to increase real applications that people actually use, so that we hit the new capacity issues/limits again. Focus on applications.”
In response, Buterin said that scalability issues are “not solved at all,” noting that even the newer semi-centralized blockchains can only process transactions p/second in the hundreds. EOS, for example — he claimed — has already faced scalability bottleneck issues.
The Ethereum co-founder also conceded he was becoming more and more pessimistic about off-chain second layer solutions such as Lightning Network — a scalability solution for Bitcoin which opens payment channels directly between users that keep the majority of transactions off-chain. Thus, the underlying blockchain is only used to settle the net results.
Buterin argued that second-layer solutions are “hard to build, require too much application-layer reasoning about incentives, and hard to generalize.”
Technicals and price
Despite Ether’s latterly bearish fortunes, the results of a recent survey of the global crypto Twitter community indicated that 54% of respondents believe Ether will see $1,000 again.
That optimism continues to be tested: in the depths of crypto winter Fundstrat senior analyst Tom Lee made the ill-fated call that ETH/USD would rally to $1,900 by the end of 2018.
Meanwhile, Buterin’s recent remarks indicated that with scalability still as thorny an issue as ever, the pressure of high transaction costs and the squeeze for transaction space is keeping new partners from joining the network.
If this is right? We will have an extensive wave 3 ...
It seems right. XRP walks on the same side
Ethereum ETH/USD prediction analysis by pretiming algorithm30-Jun
Price forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 3.2% (HIGH) ~ -1.4% (LOW), 1.4% (CLOSE)
%AVG in case of rising: 5.4% (HIGH) ~ -1.7% (LOW), 4.0% (CLOSE)
%AVG in case of falling: 2.6% (HIGH) ~ -4.4% (LOW), -1.6% (CLOSE)
ethereum posible corto o largo!vemos a ethereum en un canal alcista , el cual puede ser posiblemente roto , para posteriormente , empezar a romper los siguientes soportes , para desarollar , una nueva etapa bajista , recomendaciones cortos por ahora , a menos que nos de indicios de rebote para buscar objetivos en la parte superior del canal!
ETH doesnt look to bad in the grand scheme of thingsOut of all the crypto out there, I believe ETH is the closest to being done with its major correction. If you take a look at it from the beginning of the correction back in December - January it has almost completed if not completely completed a WXY wave. If you follow the WXY Elliott wave rules, the bottom should of been $119 which ETH already touched and bounce off. So in my opinion ETH is ahead of the recovery game if you ask me. So I give this Crypto a buy at any price between $80 and current price of $124. Now why do I say $80 if you just heard me say it touch the target? Well, because there is still a bottom trend line that hasn't been touch and the price is around $80 and even though it doesn't have to touch the trend line it still can. Overall is a good price though.
ethereumeth is in a consolidation phase and we can see double abc is complete .
put some money in that can be a good choice.
this bearish wave must have a some correction and upward movement. vol is dropping and we can see a big vol on eth very soon.BUT no one can say bear or bull strongly!
good luck .
Ethereum as indicator for most altcoinsLast time when KRAKEN:ETHUSD broke the trend line on May 17th , the bullish altseason was over and investors who are holding this cryptocurrencies have had major losses. COINBASE:BTCUSD has continued it's downward trend as well. The red arrow indicates where ETH is right now, if it breaks current support there might be more pain ahead for alts.
Besides owning Ethereum I watch it as a canary in a coal mine.
ETH EXPLOSION UPDATE ! Traders,
Here we have ETHUSD 4H chart Update.
Published past 2 ideas about this monster a few days ago here below:
That was saying that we have a perfect example on Gann's method to trade and time cycle and here we have the establishing of this method with the amazing fib replacements, so here we have the update to know the right points that will drive the price to the strong resistance
1- The price will stop at 0.236 Fib at 610$ and then retesting the low levels at 400$ levels minimum 390$ with decline of BTC 1.09%
2- After retesting we will have a strong move to touch the 0.382 level but not closing above it at around 770$ small correction with BTC 1.09% again to 600$ levels
3-Reaching 800$ after few weeks will determine the big moves with a positive news about ETH
4- ETH will take BTC 1.09% place palace and the crown will lead it to all time high that's a humble vision of mine at the end.
Regards,
Mohsen
Not Coincidence - ETH going to fall to $400-$430Hi all, I am back
We are definitely seeing ETH fall, and I predicted in on Feb 27, way before than the "hacking alerts" of this last days. Here is the post:
Now... we can see that the massive H&S is almost complete. This is not new, I reported it several days ago and others have been seeing it. In fact, I did a minor adjustment to the neckline.
As soon as this formation is complete, we will see some resistance because three lines are converging. The purple line that is the bottom channel that comes from last year, the $620 line that ETH has knocked 4 times since it start to grow in Dec 17 and the H&S.
the busllish momentum haven't succed and green bars are becoming smaller. MACD is clearly going to a bearish cross and RSI is decreasing from mid February.
So my friends, this will go down to the $450 range, square up with the past and start a nice journey to the sky. It will not be as vertical as we all might want but will be a sucessfull constant grow.
Good Luck and God bless you all.