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ETHUSD | Fixed Above Two Horizontal ResistancesPlease support this idea with LIKE if you find it useful. Price fixed above two horizontal resistances which can lead to third horizontal resistance will be tested. We can initiate a long position in case there is a confirmed breakout Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:ETHUSDLong
by Anpu
5
ETHUSD | Testing Horizontal ResistancePlease support this idea with LIKE if you find it useful. Currently price testing horizontal resistance. If there is a confirmed breakout we can initiate a long position. If price takes a correction we can initiate long on a confirmed retracement from on of the support levels. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:ETHUSDLong
by Anpu
6
ETHUSD | Retraced Please support this idea with LIKE if you find it useful. Price retraced of the Support Level inside the Channel. Currently supported by support trendline and can test the Resistance of the Channel. We can initiate a Long position. In case there is a breakout of horizontal resistance, also 61.8% we can continue longing. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:ETHUSDLong
by Anpu
1
This Bullish Signal being Appeared 2nd Time In Ethereum HistoryHi friends hope you are well . welcome to the new update on Ethereum. Today I will show you guys the strongest signal being appeared second time in the history of Ethereum las time this signal produced more than 12000% profit but before moving to that signal I would like to present some midterm and short term analysis. In previous post we have seen that the price action of Ethereum crossed up the $149.00 resistance and after a small correction rally the priceline moved up and broke out next resistance level t $224. Simple Moving Averages And Golden Crosses And Oscillators: After crossing up $224 resistance level we have seen that the moving average convergence divergence (MACD) has turned weak bearish from strong bearish. Before this in previous days after crossing up the resistance the MACD has turned two times weak bearish but every time after a small bullish move the price action moved down. But this time we have better situation because this time the stochastic is in the oversold zone in relevant strength index (RSI) is also very close to the oversold zone therefore we can expect if stochastic will give bull cross from the oversold zone then the price action may take a powerful bullish divergence which can lead the Ethereum to the next resistance level at $310. We have another very positive signal and that is since the price action is retesting the support of $224 the candlesticks are being consolidated at this level and so far this level is not broken down. Previously we have seen that the simple moving averages with the time period of 25, 50, 100 and 200 are forming golden crosses and only the golden cross between 100 in 200 simple moving averages was remained to be formed. Up till 27th Feb the price action was having a support of 25 simple moving average now the price action has broken down 25 simple moving average support and moving ahead towards 50 simple moving average if the price action will take the bullish divergence from this 50 moving average support and 200 and 100 simple moving averages will form a golden cross then we can see more powerful bullish move then the previous one. At this time the 100 in 200 simple moving averages are moving sideways and so far they are very close to each other and can form a golden cross at any time. But in case the price action breaks down the 50 SMA support then we may see the death cross between 50 and 200 simple moving averages that can lead the Ethereum to hit the previous support level at $149. Bullish Butterfly Pattern: Now I have received my favorite bullish signal and that is the formation of harmonic pattern and this time Ethereum has formed a bullish butterfly on 12 hour chart. Let's dig this pattern deeper to see how perfect this pattern is formed. The initial leg was started from 16 Feb Up to 19 Feb then after this bullish move the price action started a correction rally and retraced between 0.618 to 0.786 Fibonacci levels then after having correction it moved up and projected between 0.382 to 0.886 Fibonacci projection of A to B leg after this projection move the price action started the formation of final leg that is C to D and this leg is retraced between 1.27 up to 1.618 Fibonacci levels as required for a perfect bullish butterfly pattern. Now from this potential reversal zone the price action is supposed to take the bullish divergence at least up to 0.382 to 0.786 Fibonacci projection of A to D leg. We have another very strong signal and that is the 100 simple moving average has entered in the potential reversal zone just beneath the priceline to provide a strong support. When the price action will enter in the Fibonacci projection of A to D leg then 0.789 Fibonacci level will be a very strong resistance for the priceline once the Ethereum will cross up this resistance level of 0.786 Fibonacci then the price action of Ethereum can easily hit the next resistance level of $310. The Most Powerful Bullish Signal By Ichimoku Cloud: Now let's move to the weekly chart to see the most powerful bullish signal that is being appeared second time in the history of Ethereum and that is ichimoku cloud this indicator is very much important in chartings because Japanese took almost 30 years to develop or create this indicator. We can see first on 20 Feb 2017 when the price of Ethereum was $12.23 the priceline crossed up the bullish cloud and turn very very strong bullish and from Feb 2017 to January 2018 the priceline achieved the highest price in the history of Ethereum and that was $1594 this was more than 12000 percentage massive profit. Now this time the price action is again crossing up the ichimoku bullish cloud on week chart at this time almost half of candle sticks crossed up the cloud but sofar the price action is not closed above this cloud. The conversion line has formed bull cross with base line just beneath the candlesticks and this is good bullish signal. Lagging span has crossed up the candle sticks but did not cross up the cloud. Once the candle sticks and lagging span will breakout the cloud and the cloud will be turned bullish again then we can see massive bullish rally by the priceline of Ethereum. Here another important point is that in directional movement the +DI has formed bull cross with –DI and ADX is moving up like it happened in Feb 2017. This bullish indication is also in favor of ichimoku bullish move and we can expect that soon the cloud will be turned completely bullish like back in Feb 2017. And if the cloud will be turned completely bullish then may be it won’t give more than 12000% like it has given in Feb 2017 but atleast it can hit the highest price ever at $1500 because this level is on at 578% away.
KRAKEN:ETHUSDLong
by moon333
1
ETHUSD | Breakout of the ChannelPlease support this idea with LIKE if you find it useful. Price crossed the Channel's support to downward and not we are on horizontal support where we had bounce previously. In case this level lost we can initiate a short position. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:ETHUSDShort
by Anpu
3
ETHUSD | Retracement Inside the ChannelPlease support this idea with LIKE if you find it useful. We had a breakout of a Local Ascending Channel, but we are still insider the main channel. If we get a confirmed retracement from one of the support zones we can initiate long. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:ETHUSDLong
by Anpu
1
ETHUSD | Fixed Above Mid LevelPlease support this idea with LIKE if you find it useful. Price fixed above mid level inside the Channel, also was supported by Ichi Cloud and retraced from the lower boundary of ascending channel. Now we can test the resistance level of the Main Channel. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COINBASE:ETHUSDLong
by Anpu
3
Ethereum Has Confirmed The Signals To Hit $310Recap: Very warm welcome on Ethereum’s price action update. First of all I would like to have some recap below was the chart I published on January 2020 and here have seen that the price action had form a bullish Shark pattern and it was expected that the priceline and it was expected that it will produce up to 123% profit and so far it has produced almost 104% and since then the price action of Ethereum is in uptrend. Long Term Resistance: In previous post we have seen the long term analysis and as per that analysis the next long term resistance level is $742 dollars. Mid Term And Short Term Analysis: In this post we will see the midterm and short term analysis. And our next midterm and short term resistance level is $310. At this time we are above the resistance level of $234 which was recently broken by the price action of Ethereum and now the price action is likely to form a bull flag but here is a difference at this time in the movement of the price action if we compare this movement with the previous bull rally of Ethereum. Which was started since Feb to June 2019 at that time after breaking out at the first resistance level at $149 the price action retested the previous resistance as support and then using that support the price action move to the next resistance level then again the priceline of Etherum broke out the next resistance level of $224 and retested the previous resistance as support. But this time the price action is behaving differently since the recent bull rally is started first the price action broke out the resistance of $149 and without retesting the resistance as a support the price action formed a bull flag and moved to next resistance level t $224 and after breaking out this resistance level the price action again did not retest the previous resistance of $224 as a support and formed another bull flag and at this time the candlesticks are being consolidated within that bull flag. There are some certain reasons behind this move that the price action could not retest the previous resistance as a support and moving up in a more bullish manner then the previous Bull rally. Simple Moving Averages Are Forming Golden Crosses: This is the first reason I found which is not letting the price action moving down to retest the support, whenever price action is breaking out the resistance levels the simple moving averages with the time period of 25, 50, 100, and 200 are forming golden crosses beneath the priceline. For example when the price action broke out the first resistance level at $149 the 25 simple moving average formed a golden cross with 50 moving average which produced the bullish divergence and after that 25 moving average formed a golden cross with 100 moving average which produced more powerful bullish divergence then 25 moving average formed golden Cross with 200 moving average and this golden cross pushed the price action beyond the next resistance level of $224. Now after breaking out the $224 resistance level the 50 simple moving average has formed a golden cross with 200 simple moving average and this golden cross is the most popular among the traders community the professional traders always seek for this golden cross between 200 SMA and 50 simple moving average to buy any asset. Now when the candlesticks are being consolidated within the bull flag there is another golden cross expected between 100 simple moving average and 200 SMA, and so far they have come very close to each other to form this golden cross and this cross can produce more powerful bullish divergence that the price action may break the next resistance level at $310. Ascending Triangle: If we dig the current bull flag more deeper then on 12 hour chart we can see that the price action of Ethereum is caught in an ascending triangle and the ascending triangle is known as continuation pattern and we already know that the price action of Ethereum is in uptrend therefore there are more chances that this uptrend will be continue. I have placed the volume profile on the complete triangle and as a result we can see that the traders interest is very low at the support of this triangle therefore there are less chances that the price action will break down the support of this triangle. The movement of priceline within this triangle is very much synchronized with stochastic and moving average convergence divergence (MACD) indicator, whenever the price action hits at the support of ascending triangle and stochastic gives bull cross and MACD turns bullish the price action moves up and hits the resistance of the triangle. At this time we can see again after hitting the support of the triangle we have received a bull cross from the stochastic on 31st of Feb and MACD turned weak bearish from strong bearish which is a bull signal and now the price action is moving up towards the resistance. The price action may break out the resistance of the triangle or hits this the resistance and move down again to hit the support but now the price action cannot move within this triangle for more time as the end of this pattern is reached at the end of the triangle it is getting more squeezed. So the price action may take the decision for breakout or breakdown very soon. Bill William Three Lines And Alligator Mouth: The Bill William 3 lines and the alligator’s mouth strategy is playing very much important role in this bullish rally like it has performed in the previous bullish rally. Bill William lines comprises of 3 simple moving averages blue one is simple moving average with time period of 13 and this is called Jaw and red one is simple moving average 8 this moving average is called teeth and green one is simple moving average 5 and this moving average is called lips of alligator. In previous bull rally the price action moved up from Feb 2019 to April 2019 and formed bull flag then Bill William lines opened the alligator’s mouth by crossing the 5 SMA above all moving averages then 8 SMA which is also called teeth crossed the Jaw (the SMA 13) and the price action moved up to the next bull flag. Then the candlesticks consolidated in that bull flag and again the Bill William’s three lines opened the alligator’s mouth and the price action achieved the most recent high in June 2019 which was $363.29. Then the alligator’s mouth of Bill William three lines was closed and the price action turned into complete down trend from July 2019 up to Dec 2019. Now we can see that we are again in uptrend and bill Williams 3 lines have again opened an alligator’s mouth the first bull flag was formed on 19th of January 2020 then green line crossed up the red line and moved above all moving averages then teeth or simple moving average 8 moved up and came in the center of both moving averages and the blue one which is also called jaw moved up and it was moving below the other two moving averages and a complete alligator is mouth opened and the price action has entered in the recent bull flag. Now I am expecting that again the simple moving average 5 will cross up the simple moving average 8 and a complete alligator’s mouth will be opened and soon the price action will hit the next resistance level AT $310.
KRAKEN:ETHUSDLong
by moon333
2
ETHUSD formed bullish Shark | Upto 123% bullish move expected Priceline of Ethereum / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 188.73 to 141.31 Sell between: 226.06 to 316.19 Regards, Atif Akbar (moon333) Buy between: 188.73 to 141.31 Sell between: 226.06 to 316.19
BITSTAMP:ETHUSDLong
by moon333
ETHUSD | Local Resistance Trendline is BrokenPlease support this idea with LIKE if you find it useful. Price retraced of lower boundary of Ascending Channel. Also the price broke local resistance trendline and fixed above. We can continue longing Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
Long
by Anpu
1
ETHUSD | Ascending Channel Possible RetracementPlease support this idea with LIKE if you find it useful. Price trading in Ascending Channel and it's near support trendline and Ichi Cloud support zone. We can initiate a long position when the retracement will be confirmed Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
Long
by Anpu
4