ETHUSD broke out of resistance, further potential rise! ETHUSD is testing our resistance-turned-support at 739.87 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 807.35 (horizontal overlap resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (34) is also testing our resistance and a breakout above this level might be a good precursor for a potential rise in price.
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ETH-USD
Alexis Ohanian: ETH goes to $15k in 2018. Current Price $750Reddit Co-founder Alexis Ohanian has forecasted ETH/USD to reach a high of $15k usd by the end of this year. According to this chart we can expect some congestion through most of 2018 on our way to new highs. This may be a result of institutional money continuing to flow into the market continuing to push the entire market in the direction of widespread user adoption in both the established financial world and the new and growing ecosystem of developer, businesses and miners. Crypto as a whole has never looked brighter. However, It is hard for me to value ETH. I don't know what the demand curve for a smart contract platform looks like near/mid/long term.
My continued recommendations are for PoW based coins that model Gold, specifically Monero as it has achieved - as far as my research indicates -the holy grail of digital money: Strong Fungibility. It's easy to see that demand for this hard type of money will always be of value as economies and populations grow and the transparency of the Bitcoin blockchain becomes an issue for business that do not want their money flows analyzed past, present and future.
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To possible paths (pink,yellow) to get us to $15k.
YoYo / BTC Possible Good Entry? 5/2/2018I'm fresh to Technical Analysis about 4 months in, I would like feedback to better my knowledge, the good the bad and the ugly is acceptable :)
YoYo retraced 61% , in parallel channel possible a bull flag? Entered at 20500 sats but adding more position. Bullish indicators on MACD and RSI (Settings set 7) .
Lets see how this plays out and this is just education also to receive feedback. 5/2/2018.
-Always a Student
ETHEREUM (ETH) - Resistance and Gartley PatternThe Ethereum is going up last few hours and reaching the structure high, which acts as a main resistance level. The selling orders are expected to be placed there. Also, it is the best area for previous buyers to lock their profits. Moreover, the price formed a Gartley pattern, that increases the probability of this setup to go short.
T1 – 38.2%
T2 – 61.8%
A New Trading Opportunity to Buy. TP3 hit with 1892587 profit...ETHEREUM/DOLLAR
New trading suggestion:
The price is in an up trend and we forecast the uptrend would continue.
There is possibility of temporary retracement to suggested support line (527.285) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 527.285 is not broken, the Midterm wave will be uptrend.
Price may also reach 527.285, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 527.285 is broken.
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 58.
Total Profit: 1892587 pip
Closed trade(s): 398171 pip Profit
Open trade(s): 1494416 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 04.12.2018 with 55057 pip Profit.
TP2 @ 553.100 touched at 04.19.2018 with 132857 pip Profit.
TP3 @ 630.500 touched at 04.22.2018 with 210257 pip Profit.
55057 + 132857 + 210257 = 398171 pip
Open Profit:
Profit for one trade is 633.731(current price) - 420.243(open price) = 213488 pip
7 trade(s) still open, therefore total profit for open trade(s) is 213488 x 7 = 1494416 pip
Take Profits:
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
ETHEREUM Key Areas for Structure TradersThe Ethereum is going down last few hours and got close to the structure levels at 620 and 585. These are the major area to look at. There is strong volatility and it is better to wait the market to get stable and analyse the price action. If those support levels hold, then there will be opportunity to buy.
Bulls in control on Bitcoin!Bitcoin has steadily been knocking down all sorts of walls on its way up. There is still resistance on the way up, but the trend is your friend is a classic saying for a reason. We are trending up right now, and market sentiment is positive. I cannot stress enough the importance of crossing the downward log trend. I am personally long and attempting to accumulate more BTC by shorting the resistance points for small scalps. Im not sure where this trend ends, but I believe the market has taken a turn. For now.
ETHUSD analyse, predictionIf it brokes the black line in up price can go to around 700-800 dollars.
I think it broke the black line in up because MA50 broke MA200 in up.
Then we can up to resistance. On resistance, we can broke it and go to 900 dollars and more or we can fall back to 750-800 dollars.
Hope it helps. If you want you can write comment what you think. I will be happy for any response.
ETHUSD - Gann Fan Study, MACD & MAs vs Vol Suggest Nose DiveIt's kind of late in the week for a mad bull run to blow through all the resistance, so I anticipate this week's slow side track to pop pretty hard. That said, it is obvious that an amazing array supports and resistances are converging no matter how you chart ETH & BTC. Whichever way it is about to go.. it's going to go hard. I'm still pessimistic about chances for a massive recovery right now, I think we're in for at least a few more weeks of bear territory.
SAR & PSARS are also indicating a downturn.
This chart is on the 1 hour because I'm trying to anticipate when the moment of truth will be. Pretty much the same story on the 4H but more extreme which changes the lines. Note that the lines in the oscillator (not MACD) are copies of each other! Seems to work pretty consistently.
Get Ready for $280 ETHHello everyone, In my analysis, I'm predicting that the ETH price will have a further downside, in fact I believe the market as a whole has more downside too. My analysis is as follows:
1) There is a large bearflag that has formed, and in being generous, I only set the bottom to 280 for now.
2) If you look closely, there are 2 previous large bearflags that have formed above this one.
3) The bearish divergence on the RSI
4)I'm not going to draw it, but everyone that follows the market and other technical analysis, understands there is a downtrend channel that is not being broken.
5) It's not shown here, but the volume also helps confirm a current downtrend.
6) On the opposite side of the overall ETH structure, you can see how it stayed in this area for a while before breaking out above. Not sure what this structure was. (Cup and handle?)
7) There is a predicted massive resistance waiting at 450 ETH.
And this is where it call comes together... This rally up is going to be a bull trap. When the failure occurs and the break below the bearflag happens, ETH will find a new home.
Welcome to 280-360 range ETH trading again, YAY!
Based on my prediction, I will not buy a long position in the market until we reach that area with low volatility. Then I will be a long term holder of ETH again.
If however, ETH breaks clearly above 450 and holds above for at least 1 day. I will definitely change my mind.To everyone else trading out there, good luck!
Just want to finish out that this is not financial advice and any trades and positions you decide to buy are purely your own responsibility. In other words, you assume 100% risk and at the same time 100% reward or loss. This technical analysis was made purely for my entertainment.
May BTC reach mars before Elon Musk,
A little EW for you on ETH :DHi!
So, here's what I'm thinking for ETH/USD. It's certainly done better than BTC (then again, many of the alts have!). Could we be in wave 4 right now for ETH? I think we have the potential to go higher at this point (hoping at least!). For my future charts, I'll be sure to use larger timeframes (as someone kindly pointed out on my first chart - is this chart on a large enough timeframe now?).
Thoughts/feedback/suggestions/lesson/etc. are always welcome!
All the best,
James
ETHUSD Forecast - Is bottom in?Lets take a quick look at the Ethereum market versus the US Dollar.
There has been some nice bullish volume between $350 and $420, and like Bitcoin, we are receiving contradicting signals on the market.
I will keep it simple, a break below $350 will be followed by a bearish price action and a confirmation that the bear trend is not quite over yet.
On the flip side, I will wait for the bulls to push the prices past the $400 price levels, $420 should be in play if we consolidate in this zone.
I would expect some bullish momentum to develop if trading pushes prices higher than $420. Safe trades.
Hang out with crypto traders here.
Ethereum Structure TradingThe ETHUSD price moves sideways. None of the market participants (buyers and sellers) are fully committed to take control of the price. It formed the two major structure levels - support at 367 and resistance at 417. I await the market breakout and then open the position accordingly.
Ethereum - Crucial levels For both sides of the FieldAnalyzing the ETH to USD pairings you will see a price retracement very close to the 0.786 from the long term trend.
The chat room is full of new short sellers determined to pull a profit from these volatile markets and as the seas are red, the herd flocks to leveraged short positions at an attempt to recoup their losses.
Nothing Goes straight down and in crypto you must expect the unexpected. This is why i am keeping a close eye on ETH here as a scenario in Green could play out creating a huge bull trap mid term.
First long target if we hold support above 320 levels will be $620.
Play cautious in this bloodbath as profits are quickly diminished with losses due to the likes of CME grouping BTC with soybean and coffee.
Basil
ETH - a follow up with downside playPrimed for a short squeeze in my opinion, we may not reach targets based in LONG chart but if there's price action upwards here then i'm on board.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
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 , The new opportunity to buy in ETHSD. 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.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (393.550 to 309.100), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (393.550)
Ending of entry zone (309.100)
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 20.
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= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.425
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
ETHUSD (Volume Analysis Prediction 3/26/2018)Signal: out of positions
The coin, like the main part of the market, continues to descend
Now ETH is at the beginning of growth, this is a zone with a very high potential
But the lack of volumes is alarming, this reason makes aggressive purchases dangerous.
In this situation, it is better to wait for confirmation of the trend reversal:
(anomalously high volume, break out the last top of the downtrend, break out the downward trend line)
It is important to understand that in case of a reversal this will not be forced growth,
it will be a slow growth (the investor must again believe in the market) with gradual acceleration
For the growth of ETH, it is important that the entire market begins to recover
In my opinion, the entry point should be searched:
After price break out the last top of the descending trend (zone @590 - 610)
Or at the extreme point, where a rollback from the current zone is still possible, you have little risk,
and great prospects for profit (zone @ 415 - 395, stop 375)