Ethereumlong
Comparing Bitcoin And EthereumA point comparison between BLX and ETHUSD,
Some similarities can be seen
The ones i can see are labelled, if you spot another one leave it in the comments.
The bull scenario for bitcoin
Scenario with price targets if bull route takes control
Bitcoin bearish situation, trend along Fibonacci ring
I am long Ethereum, however bitcoin becomes more attractive as each day passes. Anyone can relate?
ETH break up - 0.618ETHBTC pair has broken up into the 0.618 fib area
I believe the next bull move we will see BTC lead with ETH following.
I make this assessment based on my previous analysis of BTC and BTC dominance
Ethereum still even if it is following, will position itself for a mighty bullrun
A golden cross is soon to come on this pair also. (in green box)
Ethereum Horizontal Structure - Take your pick whalesA downward extension towards the large wick that has formed during the flash crash that was recently experienced
Or stabilisation of the horizontal structure and another bull move to the upside
bulls still control this market, so I assume the horizontal structure will hold
However it may be a way to take out leveraged positions.
ETH/USD Double-Top Pattern Rejection Retests $430, What Next?
Ethereum price spikes to a new yearly high at $447 following Bitcoin (BTC) surge to $12,492.
Ether bulls are trying to build on the support established at $430 following the impact of a double-top pattern.
Ethereum price action in the last two days has been building on the support established above $410. Although there was a struggle to hold above $420, Bitcoin price breakout to highs of $12,492 carried the entire market upwards including ETH. The second-largest cryptocurrency by market capitalization rose to trade new yearly highs at $447. Recently, the crypto hit a high around $445 but crumbled to the support at $410 as sellers rushed in for revenge.
The hurdle at $450 led to the formation of a near-perfect double-top pattern. The impact such as a pattern usually leads to a reversal from the highs traded. In the same way, Ether plunged to seek (maybe to confirm) support at $430 before buyers plan the next run-up eyeing $500.
At the time of writing, Ethereum is trading at $432. A weak recovery is underway with bulls holding tightly to the support provided by the both the 100 SMA and the 50 SMA in the 1-hour range.
From a technical perspective, Ethereum is likely to take up sideways trading especially with the RSI holding above 45 and correcting towards the midline. The MACD is also holding well above the mean line (0.00). However, the minor bearish divergence hints that selling pressure is creeping in.
It is apparent that support at $430 aided by the aforementioned moving averages is key for gains towards $450. In addition, the growth in the DeFi ecosystem has kept interest in ETH on the roof over the last few months. Ethereum community is also looking forward to the launch of ETH 2.0. Many analyst believe that the protocol’s launch would propel Ethereum to levels beyond $1,000.
Ethereum Intraday Levels
Spot rate: $432.65
Relative change: 1.24
Percentage change: 0.30%
Trend: Short term bullish bias
Volatility: Expanding
ETH/USD: Long Term Breakout Analysis 1W (Aug. 17)X Force Global Analysis:
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Ethereum has been leading this bullish cryptocurrency rally of 2020. In this analysis, we assess Ethereum's weekly chart in order to determine potentiality of its long term growth.
Analysis
- To begin with, there has been a strong zone of resistance between $365 and $400, marked by the orange bar
- We have seen prices test, and get rejected by this territory numerous times throughout history.
- The last time we saw a break and close above this resistance zone was in November 2017, which led to a massive bullish rally
- As demonstrated above, this is the first time in almost 3 years since we have broken out of the strong resistance zone
- It's also important to note that we have broken through significant descending trend line resistances, marked by the dotted white lines
What We Believe
As we have seen the weekly candle break and close above significant resistance zones, we believe that a corrective or bearish trend leading prices back down sub $350 is highly improbable. The weekly chart demonstrates clear upside for a long term bullish trend.
Let us know what you think in the comment section below
Trade Safe.
Ethereum Priced In Bitcoin & Gold Showing Strength On WeeklyBit messy but Here i have compared the strength of some major cryptos priced in both Gold (XAUUSD) and Bitcoin (BTCUSD). Ethereum can be seen as the strongest coin. It seems to be the only one with it's head above water so to speak.
a smaller pattern can also be seen on the daily chart
ETHEREUM FORCING $385 AGAIN ? - Daily Technical AnalysisHope you have a beautiful day!
In the following video I am presenting the current situation of the market for short term period by utilizing highly efficient structure lines and data language.
Please watch the entire video and let me know
Are we going to close today, above $385 or not ?
Let me know what is your position on this and let's construct a positive conversation
Enjoy your day and be careful leveraging!