ETH daily is within 14% of 2018 RSI bottom, take a look!ETH daily chart:
On the daily the RSI has another 14% to drop
to the bottom from 2018.
if this chart repeats, this is the area it would drop
to which was also a previous high in the past.
Lets see if the daily falls into that bottoming zone.
also the DeMark 9 indicator is charting we are near
the bottom as well.
Ether
ETHUSD - Bull Faith UpdateEthereum has undergone some extreme downsides in the past weeks
I'm comparing in this analysis these downsides to a previous price structure on ETH, they are similar just on a little bit different scale
Both are broadening wedges, and have shown to form as the 200MA is curling down
Will we see another up wave like was seen in 2017? Will it be comparable in future?
ETHUSD $286Hello traders please make sure to LIKE and FOLLOW for more content! Thanks
Above i illustrated my prediction for where i believe ETHUSD will reach a bottom
for spot holders they will likely disagree i have believed this will play out for a few
months now and as ETHUSD is nearing a break of $1000 i believe the capitulation flood
gates will open up! I am short till $286 then will go into a heavy long position from there.
Updated chort soon! Thanks guys
Ethereum - its not done yet Ethereum
Intraday - We look to Sell at 1257 (stop at 1301)
We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. 20 4hour EMA is at 1261.
Our profit targets will be 1141 and 1101
Resistance: 1170 / 1250 / 1300
Support: 1080 / 1000 / 900
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ETHEREUM long position 🚀Hello 🐋
based on the chart, the price is close to important support area and the channel support ✔️
if
the price do not break the channel support to the downside, we will see brief gain to the upside at least close to the red trend line 🚀
otherwise
we can see more correction ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Ethereum - Some relief? Ethereum
Intraday
We look to Buy a break of 1291 (stop at 1229)
We are trading at oversold extremes. A higher correction is expected. Bullish divergence is expected to support prices. A break of the recent high at 1282 should result in a further move higher.
Our profit targets will be 1438 and 1488
Resistance: 1300 / 1400 / 1500
Support: 1200 / 1100 / 1000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
Ethereum at Important Fibonacci LevelThis chart is super simple. It simply shows the entire price history of Ethereum on a yearly chart with basic Fibonacci retracement levels applied. It shows that Ethereum has corrected significantly this year back down to a major retracement level.
So far, Ethereum has corrected down about 70% from its all-time high. Price has retraced all the way back to January 2018. Another technical indicator is also flashing a buy signal: the monthly EMA exp ribbon has reached its base just as the stochastic RSI oscillator has reached its base. This is a low-risk-to-reward setup.
While I do believe more downside is quite possible, it would be wise for those of us who are super long on cryptocurrency, to accumulate some Ethereum at this retracement level. This magnitude of retracement is quite rare. The sentiment with cryptocurrency right now is actually about as low as it ever gets. It has been hovering near 10 for about two months, which in the past has occurred at significant bottoms.
Sentiment indicator: alternative.me
Not financial advice. As always, anything can happen and trends can end.
ETH to $70,000 (£56,834) by 2030- ETH isn't going anywhere, QNT, XDC and many other amazing projects are built on the ETH network.
- ETH is massively involved with this new world agenda along with BTC.
- I personally own 0 ETH because I hold QNT which will do much better than ETH long term, but they are both winners.
- In the 2017/2018 BULLRUN ETH hit the 89 FIB extension, so the 55 FIB extension will be easily achievable, also remember we will have utility bull-runs now as big banks and institutions are ready pump up crypto, however we need regulations first and all the shit coins need to go.
- NOT FINANCIAL ADVICE.
ETH last hope for bullsETH / USDT
Its look like all major crypto have same view
ETH as well in critical situation !
Too many tests of major uptrend support
But still the last hope for bulls here
If this support hold expecting bullish wave towards upper boundary of rising wedge
If failed = back to breakout point 1700$-1400$
Bears Aren't done yet ETHEREUMHi Traders,
ETH/USD Is showing pretty simple price action today, Yesterday price has tanked and broke out of support with very strong momentum.
I love that the resistance has not been retested as yet which will give me a chance to participate in this move if price pulls back.
Looking at how price has moved before the breakout, we can see that the support of 1735 Has been respected multiple times before it actually broke out. it also created lower highs each time which essentially created a triangle. Now that price broke out of it we can expect a retest and continuation to the downside.
Apart from the technicals, the current state of the global economy has brought lots of uncertainty and many investors are selling out of fear. This could fuel price to tank way more than my current target.
I will go into more depth about the global economy and how we can capitalize on the fear of others in the next few months. For now, let us enjoy the fact that we can make money in good and bad times.
Have a great weekend and keep pushing to get better.
Renaldo Philander
Ethereum ready to drop? Ethereum
Intraday - We look to Sell a break of 1698 (stop at 1751)
Daily signals are bearish. 1700 has been pivotal. Price action continues to gravitate towards crucial support levels with aggressive selling interest. A break of bespoke support at 1700, and the move lower is already underway. Price continues to trade within the triangle formation.
Our profit targets will be 1572 and 1552
Resistance: 1800 / 1900 / 2000
Support: 1700 / 1600 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum break inbound??Ethereum
Intraday - We look to Sell a break of 1698 (stop at 1751)
Daily signals are bearish. 1700 has been pivotal. Price action continues to gravitate towards crucial support levels with aggressive selling interest. A break of bespoke support at 1700, and the move lower is already underway.
Our profit targets will be 1572 and 1552
Resistance: 1800 / 1900 / 2000
Support: 1700 / 1600 / 1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Ethereum - Descending triangleEthereum appears to be forming a declining triangle. Therefore, we will monitor it closely and wait for the breakout above the upper bound or below the lower bound. We are currently inclined toward the latter scenario, which will see ETHUSD move lower. That is due to our bearish view of the cryptocurrency market. As a result, we would like to set a price target for ETHUSD to 1700 USD and 1650 USD.
Technical analysis - daily time frame
RSI and Stochastic are bearish. MACD is bullish but still in the bearish territory. DM+ and DM- are bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETHUSD - RSI AnalysisAn idea for ETHUSD
I expect the next bottom to form along the 200MA, which correlates well with the 200MA (green)
Areas in yellow are strong bullish entry points
The bottom point falls along these diagonal downtrend lines as does the top point
There seems also with the current top formation to be a large divergence on the RSI