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ETH-USD

ETHUSD: Good Long Opportunity towards Resistance Level at 251.29I see this as a excellent long opportunity. There is a nice horizontal overlap resistance at 251.29, with a 23.60% fibonacci retracement. Price looks to test this resistance level and I'll set my take profit level just below the resistance. My buy entry will be around 216.78, which coincides with a 100% fibonacci extension. Lastly, I will position my stop loss at 194.86, which is a swing low support. This is a good support level as it coincides with 61.80% fibonacci retracement and 61.80% fibonacci extension. Stochastic is on a upward trend and yet to hit the 96.0660 resistance level, thus I believe there will be more buyers in the following days. Share with me what you think about my idea in the comments and like it if it is useful, appreciate it. Thank you.
KRAKEN:ETHUSDLong
by fafahahalala
ETHUSD approaching resistance, potential drop!ETHUSD is approaching our first resistance at 220 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension, breakout level) where a strong drop might occur below this level pushing price down to our major support at 188 (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also seeing a bearish exit in line with our bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by easyMarkets
2
ETHUSD approaching support, potential bounce! ETHUSD is approaching our first support at 219 (horizontal pullback support, ascending channel support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 249 b (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
2
Possible 20% profit with long setup for ETH/USDHi all, After an XRP/USD weekend, time to hunt for a new set-up. Ethereum has made uptrend waves and retracement as well. In my opinion we are now in the ABC correction and retracing down to have another leg up after completing the correction. According to Elliot Wave , wave 4 may never retrace more then the top of wave 1. With this information we have a clear indication where we need to place our stoploss. In the chart the subwaves are visible but also the primary waves. The subwaves are coloured in light blue, the primary in white. The red line show the top of wave 1, if we cross that the count is invalid and so is the set-up. For now, below a suggestion what possibly can be a good and definitely good profits if this works out. As you can see, my stoploss is lower then the red line for a reason. I simply do not want to get stopped by 1 wig hitting below the level. Entry: 230 USD Stoploss: 226 USD Target: 285 USD Happy trading.
BITFINEX:ETHUSDLong
by JR_Crypto
4
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 227.98 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might drop below this level pushing price down to our major support at 214.70 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (90,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by easyMarkets
4
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 203(horizontal swing low support, 61.8% fibonacci extension, 61.8% fibonacci retracment, short term ascending support line) where a strong bounce could occur pushing price up to our resistance at 221 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retrcement). RSI (55) is seeing a bullish exit and we might see a corresonding rise in price. Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
1
ETHUSD approaching resistance, potential drop!ETHUSD is approaching our first resistance at 198.27 (61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 187.05 (horizontal overlap support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by easyMarkets
8
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 186.06 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 202.35 (horizontal swing high resistance, 23.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
ETH/USD Bear Flag Pattern Break Aims at $200 for Final Wave-5ETH/USD broke below the support trend line (dotted green) of the sideways bear flag chart pattern, which seems to be a typical shallow wave 4. The bearish breakout could complete a wave 5 of 5 of C at the -61.8% Fibonacci target (when placing the Fib on wave 3) at the $200 mark. Of course, bullish price action candle stick patterns will need to confirm the bounce at the Fib target. Strong reversal signals could indicate the end of wave C of a long-term wave 2 and start a long-term uptrend and potential bullish wave 3. Price would however need to break above resistance trend line and HMA 89 with strong and impulsive candles, then make a pullback that does not break below the bottom, and finally show a bullish continuation.
BITFINEX:ETHUSD
by Chris_Svorcik
ETHUSD approaching support, watch for breakout!ETHUSD is approaching our support at 284 (horizontal overlap support, 61.8% Fibonacci extension, short term ascending support line) and a breakout might occur below this level pushing price down to our major support at 277 (horizontal swing low support, 100%, 61.8% Fibonacci extension, , 61.8% Fibonacci extension). RSI (89) is seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by easyMarkets
9
ETHUSD approaching support, potential bounce!ETHUSD is approaching our support at 283 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 306 (horizontal overlap resistance, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement). RSI (21) is approaching support where a bounce above this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDLong
by easyMarkets
1
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 305 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 283 (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement) Stochastic (89,5,3) is approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by easyMarkets