Ethereum has a long way to runEthereum has a los of great fundamentals this year and forward, so this is a projection idea for the next months to come. We can See major supports on the fibs 0.886 and 0.786 levels, and then we can see another major support formed by the ascending trendline.
Also I used the pitchfork to confirmed this Ascending trend line, which gives us an increase in price of 150% and 500% still maybe for next bull run, no one knows when, but this seems solid enough for me to maybe put some longs around current price.
Hope you liked my idea and have some value for you.
Ethereum-usd
BTC Daily MomentumConsidering the 3x Big Bearish Candlesticks are eating up the Demand from April 12 2018 I expect a touch of 7000 to occur
From current price that is 850 Pips on leverage DOWN
If we experience consolidation, or an accumulation of orders above 7250 then we may see a bullish continuation
The move we would look for is down to 7200 by New York Session Thursday May 24 BUT it could happen in the Asian or London Markets too.
Considering our new TradingView H4 Candlestick for Bitfinex will open on BTCUSD at 20:00 UTC and there is quite a long wick + supply finding demand at lower price points let's see how quickly we hit the safe tp of 7330
Remember the risks of trading! You are responsible for your own actions :)
I am in a short position at 7500 and as of right now the orderbook on GDAX is stacked at 7500/7600 with low supply above &* who knows, price could always retrace back to 7700 lol
Projecting ETHUSD to the moon [gone bullish]Humans love seeing patterns. And tradingview just gave me the charting tools I've always wanted to play around with my imagination.
Two segments of historical bull-run on ETHUSD, let's project that in the future topkek. 2018-10-01 is the day we on the moon bois.
ETH USD BITFINEX 4HOUR ETH had a weaker bounce than LTC but still nice profits if you played it, managing to close above the diagonal support.
Currently in a 4 hour bearish zone breaking above this depends if BTC breaks the 1 hour bearish zone at 8600!
Next weak resistance being the diagonal and 715ish
ETHUSD , Ethereum would probably resume its uptrend again.ETHEREUM/DOLLAR
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:
Price is in the Buy Zone (393.550 to 309.100), 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)
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:
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 26.
Take Profits:
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
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
ETH/USD - BULL FLAG MEETS CUP HANDLE15min chart, you can see a cup formation beginning from 20-24 March, with the handle forming from 13/14 April, coinciding with a current high and tight bull flag.
Entering 1/2 of your buy trade should be considered when price breaks out from the flag by 1-2%, coupled with a 1-2% stop loss and entering full trade when breakout above 527 (530+).
Lead SMA to continue S-Curve
ETHUSD , weekly update: Total profit 815908 in 2 days.!!ETHEREUM/DOLLAR
Total Profit: 815908 pip
Closed trade(s): 55057 pip Profit
Open trade(s): 760851 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 2018.04.12 with 55057 pip Profit.
Open Profit:
Profit for one trade is 504.782(current price) - 420.243(open price) = 84539 pip
9 trade(s) still open, therefore total profit for open trade(s) is 84539 x 9 = 760851 pip
Take Profits:
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
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.
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 56.
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,
Ethereum struggling to go up with confidenceHello everyone. What i showed in this chart is a clear support and resistance zones from previous pushes and pulls, as well as a big fib retracement showing that we have a MAJOR support line between 765 and 780$. Also, we have somewhat a strange situation upwards, since even though major resistance is high up, between 970 and 1000$, judging by previous resistance and fib retracements, we dont have much buying power to go to the upside, which is shown on the volume chart. Also, we are heading upwards straight into 4h 100 moving average. On top of that, we are not overbought or oversold yet on the RSI side, but it still shows uncertainty towards the upside. I'd say this is a no trade zone for me, since the upside isn't big enough for me to enter such a risky trade. Time will tell where ethereum goes, but so far, it's a stalemate.
Ethereum , A good buy opportunity in ETHUSD ,catch it!Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (663.650 to 513.750), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (663.650)
.Ending of entry zone (513.750)
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 36.
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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 864.500
TP2= @ 988.450
TP3= @ 1151.600
TP4= @ 1229.690
TP5= @ 1415.950
TP6= @ Free
ETHUSD Daily Update (25/1/18)Ethereum is still in a decent uptrend.
Pull back is mandatory, however, trend has not changed.
For me to be bearish, 650 zone has to be broken.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities