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Ethereumdollar

Ethereum continues printing grey candles! Ethereum continues to trend sideways in this range and as we can see on the chart using SCMR, indecision is the story being told by looking at the candle for the past few weeks. After breaking above the triangle and testing resistance we have returned right back into the range and yet again await some type of volatility to have a sense of direction. Until we get a stronger move, sitting on your hands is probably the best play here. Thanks guys
BITFINEX:ETHUSD
by CM_Trades
Ethereum looking worse as the days go by! Ethereum finally looked like it might be out of the doghouse and could possibly test supply above but yesterdays drop has put everything back into question. If we cannot get above the EMAs & trendline here and we drop back into the support area below could further put the nail in the coffin for Ether as it will most likely head back to $195. We have seen in the past that ETH PA does sometimes lead the market so a breakdown here could spur a break down in Bitcoin and the rest of the market. Thanks guys
BITFINEX:ETHUSD
by CM_Trades
Ethereum continues to show weakness!Ethereum bounced from the demand zone twice forming a tweezer bottom BUT was unable to close above the EMAs, which does not bode well for bulls. The support level near the channel bottom and FIB seems to be holding so far but signs of resistance are creeping in. MACD signal line is trying to crossover bullish and histo has just now turned gree, however, RSI broke down from support and has rejected resistance twice and seems to be heading back down to lower support. The next few hours will show us where Bitcoin wants to go, which will dictate the rest of the market's movement. Thanks guys
BITFINEX:ETHUSDShort
by CM_Trades
Ethereum needs to hold this support zone or we see $195! Ethereum has broken below the channel once more and has found support near the 38.2%FIB level. The demand zone we are currently at is very strong and VERY important to keep price away from the $180-$190 levels. The EMAs have crossed over bearish, which does signal some bearish price action might still be in store unless we break higher soon. MACD continues to plummet lower while the histo has slightly turned up BUT the RSI broke through support and looks like after bouncing, we could continue our move lower here. As always, Bitcoin price is what moves the rest of the market so a break lower will cause big drops in Ether and altcoins alike. We could get another move higher into the EMAs before continuing lower and breaking support BUT this is a strong POC level. Once more, a more conservative short scalp would be to wait for a break of this support level and take a short on the retest. Thanks guys
BITFINEX:ETHUSDShort
by CM_Trades
Ethereum bearish Kumo twist incoming! Ethereum has broken down from the Kijun and entered the cloud after breaking the triangle. The lagging span broke below price but seems to want to cross back above as we bounce back, however, Kijun is now proving to be strong resistance and the cloud seems to be gearing up to twist bearishly causing a test of the cloud bottom around $211. A break above both Tenkan Sen and Kijun would be a bullish sign causing lagging span to cross above price and stalling the kumo twist for now! Possible setup for a short would be to enter a trade on retest and fail of Kijun with stop placed above Tenkan Sen and profit the bottom of the cloud BUT always keep an eye on BTC, which could cause one to pull out of the trade if BTC gains strength. Thanks guys
BITFINEX:ETHUSDShort
by CM_Trades
ETH - About to rollover? As mentioned yesterday, Ethereum seems to be forming a H&S pattern as it continues to look very weak as the days go by. It is currently finding resistance at the 50%FIB level but support is not far away as the EMA is providing help for now. MACD continues its downwards momentum while RSI heads back down towards the triangle support, which must hold or we could be in store for much lower prices! It all comes down to the demand zone holding as it has done in the past in order for bulls to remain hopeful of a move back to $250-$260. A break and close below would turn this area into massive resistance and could possibly lead to the retest of the $180-$190 handles. Thanks guys!
BITFINEX:ETHUSD
by CM_Trades
ETH - Looking TOP heavy here! Ethereum has formed another channel/bearflag after breaking below the previous channel and is currently heading towards the lower trendline. One could also argue, but we never recommend drawing out patterns before they are completed, that we are currently forming a H&S pattern on this trend upwards, which if formed could cause a drop back down to the lower demand zone around $170. Obviously, this means nothing until the formation is complete and until then just something to keep in mind. MACD has turned bearish on both metrics while RSI failed to reach previous high on the latest move up further indicating we may have fizzled out. If we were to break down, a possible trade would be a break of this demand zone and taking a short position on the retest and failure of this S/R flip zone. Targets could be the 23.6%FIB level as well as the lower demand zones if you feel that ETH is very weak once we break! However, we are currently finding support at the 50%FIB level and could spring up from here if we can hold! Thanks guys!
BITFINEX:ETHUSD
by CM_Trades
2
ETH - Cloud lending a hand! Ethereum was able to break above the cloud at the point of least resistance, which was the kumo twist area but found resistance at the trendline. We found support along the way on the top of the cloud as well as on the Kijun and now on the Tenkan Sen. We can also see that the cloud has become very thick near this POC and any break back below would cause tremendous resistance for price BUT we currently seem to be holding above these level and with the news regarding the ICO funds having dumped most of their ETH hoards surfacing this morning could cause some bullish pressure. We must keep an eye on these levels and where Bitcoin trends over the next few hours. Thanks guys!
BITFINEX:ETHUSD
by CM_Trades
ETH - Could be in store for lower prices! ETH broke above the supply zone yesterday but couldn't quite regain the channel and formed a tweezer top before dropping back down to test the breakout zone. We have currently bounced but have found resistance at the 50%FIB level and price action isn't inspiring much confidence. RSI seems to have made a lower push up breaking through resistance and MACD histo seems to be losing steam, while signal line tries to push above the median. I would like to see Ethereum retest the demand zone and hold, possibly raiding some stops below before resuming its move higher. A break below this zone would become very strong resistance and could lead us back down to $195 or lower. Thanks guys!
BITFINEX:ETHUSD
by CM_Trades
2
ETH - Ready for another test of $250?Ethereum is currently stuck in this congestion zone and is looking primed to breakout from here and retest the resistance above. Both MACD and RSI are turning bullish, as RSI broke resistance and MACD signal line has crossed above bullish. A possible trade could be going long now or waiting for a break of this zone and longing a retest of the zone with target #1 the bottom of the channel and target #2 the bottom of the supply zone around $261. Thanks guys!
BITFINEX:ETHUSDLong
by CM_Trades
7
ETH - Buyers need to step in here!!! Ethereum broke below is demand zone on the break of the channel but bounce right off the POC and moving right back into resistance that was once support. RSI has turned up and still has room to go before hitting resistance and MACD histo is nearing positive territory while the signal lines still have some time before we get a bullish cross. We are still not getting the volume we would like on this move up so remain cautious until we get a break on volume of this supply zone and re-enter the channel. Thanks guys!
BITFINEX:ETHUSD
by CM_Trades
ETHEREUM 4 HOUR REVIEW - RETEST OF NECKLINE AND LOWER?Hello All, As we take a look at the pretty ugly 4 Hour chart n ETH you can see how it has broken down through the questionable Head and Shoulders pattern I was observing. This is pretty disappointing given the strength we saw towards the end of last week. At this moment in time ETH has once again flipped bearish until we can retake and break the 255 Level! What I'm currently looking for is a throwback to the neckline on my chart at around 229 , where I would consider a short position if rejected and then a move back down to support at around 192. If we break there we are looking for a retest of the lows. After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis. Please follow me and give me a like as I continue my adventures in the Crypto Markets. Comments and Discussion are always welcome as the views of the many trump the opinions of the few. This is my own personal analysis and I do not give financial advice.
BITFINEX:ETHUSDShort
by jadz61
3
ETH - $300 in sight???ETH continues to move upwards with the rest of the market but still feels left out as even after all the meteoric rises of the past 24H, Ether couldn't must up an attempt at $240 let alone $260. With all the hype flowing back in the market, it is something to keep an eye on as Ethereum was an indicator for the previous alt seasons and with it remaining idle could still mean we aren't ready yet! We have rammed right into the supply zone above and so far remain sideways right against it. RSI and MACD seem to have made a lower high as price continues to make a higher high, which spells bearish divergence at the moment. We will need to see what the next few hours bring but signs of caution are demonstrating themselves so something to keep a close eye on. A potential play would be to long a pullback back to demand zone around $220. Stay safe guys and thanks for stopping by!
BITFINEX:ETHUSD
by CM_Trades