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Ethereumidea

Ethereum (ETHUSD): Patience required (4hr tf analysis)The price of Ethereum from ~$867.20 (March 5, 2018) to ~$461.12 on March 18,2018 has been identified in this analysis as the termination point of a minor wave Y and intermediate wave (Y). These imply that Ethereum will sustain a bullish momentum, even if temporarily. Patience is required because it is safer to start considering long (buy) positions only after a 3 wave (correction) move against the current upswing to further confirm that the previous downtrend is over. Assuming that the price of Ethereum doesn't close above its latest high (i.e. ~$590.11), long positions can be entered on a breakout above $590.11 after a 3 wave move from this pivot. POI = Point of invalidation = price closing below $461.12.
BITFINEX:ETHUSD
by Coin_Analyst
Etherium target reached perfectly, prepare for another reversal!Etherium has dropped perfectly to our major support previously. We now forecast it to make a recovery to 910 resistance where another reaction could occur (Fibonacci retracement, horizontal overlap resistance, descending resistance momentum). Our major support is at 781 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by Tickmill
1
Ethereum has broken major support! Keep an eye out on this tradeEthereum has broken major support-turned-resistance at 995 triggering a bearish exit. Our 1st resistance is at 995 (Fibonacci retracement, horizontal pullback resistance, breakout level) where a strong drop could occur from pushing price all the way down to 769. We have to be careful about 931 support level as price has bounced off that area previously and it currently serves as intermediate support. RSI (55) is seeing pullback resistance to our ascending support-turned-resistance line. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:ETHUSDShort
by Tickmill
Ethereum approaching major resistance, watch for reversal!Ethereum is approaching major resistance at 1144 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) and a strong reaction could occur at this level to drive price down to 927 support (Fibonacci retracement, horizontal swing low support). Do be aware that we’re seeing intermediate support at 1015. Stochastic (34,5,3) is seeing major resistance at 98% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:ETHUSDShort
by Tickmill
1
Ethereum right on major support, watch for a potential bounce!Ethereum has dipped to our first major support nicely as expected. Support is at 1162 (Fibonacci retracement, horizontal pullback support) where a further rise could occur from to push price up towards 1282 resistance (Fibonacci extension, horizontal pullback resistance, elliott wave structure). RSI (34) is seeing ascending support hold up price really well in this bullish run. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:ETHUSDLong
by Tickmill
2
Ethereum in a bullish formation, look out for dips! Ethereum is rising nicely as expected and we can see an impulse Elliott wave formation with first major support at 1162 (Fibonacci retracement, horizontal pullback support) where a further rise could occur from to push price up towards 1282 resistance (Fibonacci extension, horizontal pullback resistance, elliott wave structure). RSI (34) is seeing ascending support hold up price really well in this bullish run. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:ETHUSDLong
by Tickmill
1