Ethereum in Consolidation, Downward Pressure Still evident!The Bulls and the Bears have been fighting it out for a few days now in a large consolidation pattern! Downward pressure is still evident.
I believe there are two likely scenarios to play out:
Scenario 1: Push to the upper resistance line with multiple attempts to break resistance. Then large move to the downside.
Scenario 2: Capitulation of the Bulls leading to large downward movement to bottom resistance
After this I think we will see if our longer term bull run will continue
Disclaimer: I am not a financial advisor and this not financial advice. Please do your own due diligence when making trades
Ethereumshort
Ethereum... We Have Arrived. (ETH)Cryptocurrency is getting exciting!
Ethereum is now testing a previous major level of Resistance after completing the last Resistance breakout.
Perfect time to look for a play on eth. If we reject look for it to come back down to test $280 area to try and put in a new level of support. Otherwise play the breakout to the upside and set that stoploss.
Enjoy!
Ethereum Trying To Crack The High! (ETH)Hello everybody, not too long ago we had the first breach of downward Resistance and shared that breakout on twitter for a solid entry.
Ever since then we have now been building buy pressure and shooting like a rocket.
Now we test what I'd call the stage 2 breakout, the most recent highs on ethereum.
We currently sit right around this key level with anticipation to see how she reacts.
Bitcoin is currently pushing hard also above the old Resistance levels.
All indicators are green across the board. Crypto season.
ETHEREUM - $ETH/BTC - Alt Season 2020No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#ETHBTC: I'm SHORT/ BEARISH position up until (Green BOX). I expect that $ETHUSD will rip down.
This would mean that ETH will lose more 30% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
#CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
ETHEREUM STRUCTURE SHORT|6:1 RISK-REWARD
Ethereum has broken its diagonal support line, and is now trading in a bearish triangle below the very strong resistance.
I am looking at a short from the resistance line. This is better than waiting for the triangle breakout, because, if you look at how ethereum is trading, it's downward movements are swift and quick. So I suggest we catch it from the high.
The resistance line is so surgically accurate, that the SL is quite narrow. Any breakout and we close the trade.
But entering at the identified levels gives us great risk-reward, while providing us with more that 50% probability.
When the price breaks out the triangle downwards, move SL to above the mirror level.
Target is in the middle of the potential movement range and is therefore realistic.
Thank you for reading, like and subscribe and have a good day.
😯 Ethereum Continues To Battle! (ETH)💰 LET'S GET INTO SOME ETHEREUM ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🤷♂️ Neutral
- 3day Chart
- Green Doji Candle
- 3/3 EMA DOTS Green
We are all aware of the of the crypto selloff in recent days but still sit in the same range that we've been in for the last month. Ethereum seems to of been showing better signs vs bitcoin. Bitcoin has been red multiple times on the 3 day while ethereum is still green. Both are under major Resistance and still fighting but ethereums market dominance has also been outperforming bitcoins in 2020. No confirmation for a long yet until we see a break above. Just interesting to see it showing different signs vs bitcoin.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
Critical Ethereum Level NOW! (ETH)We are very close towards the main level of downward resistance that ethereum is trapped under. Around 250s - 260s price area.
We also are aware of where bitcoin sits and how it has been rejected multiple times at its downward 10k resistance.
We can use this sentiment to tell us what happens next. It is CRITICAL that ethereum breaks out here, if it does then your next two horizontal resistance tops are drawn in red. Obviously a break above all 3 of these levels would represent serious bullish momentum.
If you're looking to wanting to get into ethereum now, then it is best to wait for this key level to break.
If we fail and get rejected here and also so does bitcoin, well you know what happens next.
Accumulation of altcoins I believe is a smarter move here vs these top 2 contenders. I think if they selloff they will only fuel more altcoin accumulation, I'm talking microcaps.
If we do reject here then we can look for a pullback to drop down in the downward channel drawn out.
Be patient and let it happen. I will know when to short if needed too based off of the Crossover strategy and the ema dots.
Stay on high alert! 🚨🚨🚨🚨
🥇MLT | PRO TRADERS
ETHEREUM TO CONSOLIDATE ITS BULLSHello everybody, here's another ETH update after the last one followed the trend perfectly and brought more than 10% profit in just two days! So please keep supporting my ideas by LIKING as it motivates me to post more killer setups in the future. Thanks.
We are going to use the same strategy we used last time out so if you know nothing about it please read my last Ethereum trading idea. This coin could as well still be in an uptrend on broader term but its recent market behavior suggests that it looks to consolidate first on the short term. And we intend to profit on just THAT.
Observing the 4-hour chart we note textbook conditions for closing Longs and amassing Short positions. But be very careful, as crypto tends to promise roses and give thorns! Currently we have two market conditions validating taking a Short as much safer as opposed to Longs. First of, ETH has veered into overbought territory on the 4H chart. In addition to this, the candle where the RSI (Relative Strength Index) started pointing downwards after first being overbought closed at a perfect distance from our reference indicator the 120 MA (Moving Average).
What does this actually mean NOW? Ethereum could find it very difficult breaking and fixing at $230 or higher. Therefore, If one would be considering opening a short and factoring in the 3% retrace, $220-227 is the ideal range for entering this kind of trade targeting oversold conditions as the exit. While it might look to some too risky shorting Ethereum here, booking Longs that are in profit at $220 or higher certainly wouldn't be anything short of wise for a trader to do. Consolidation.
Keep encouraging my work by hitting the LIKE button. Thank you.
Ethereum Under 2 Resistance Levels. (ETH)This setup currently worries me. Could be good for alts!
We have had a nice impulse of roughly 50% to the upside and now we have seem to of broken upward support as we start to shift towards the right under previous high.
Candles are compressing for a lot of indecision under horizontal Resistance and the upward old support which is now acting as Resistance.
$215 would see like a good price to try and fire long on a breakout to the upside, for now I'm bearish.
If we crack and drop we could see it head towards that previous low of support.
Notice the history marker at bottom of support when I fired long!
Click it and press play.😉
Good luck, have an awesome day!
🥇MLT | PRO TRADERS
Ethereum Compressing, Major Move Forming. (ETH)Symbol: ETHUSD
Sector: Cryptocurrency
Hello, let's analyze the weekly movement on ethereum.
With highs around $1000 average and the next impulse structure pump in 2019 with a high around $300 average can show us what the major downward level of Resistance that was set to be broke in 2020.
We know that support and Resistance tend to play a role where they can flip and act as the opposite of what they represented throughout history.
Late 2019 to early 2020 was the play that broke the major Resistance level for a breakout but still managed to stay compressed in this sideways pennant range.
After it broke out it retested for support on old Resistance which correlated with the previous 2 levels of support. (Circled in green)
We are now getting a squeeze in the pennant and the black triangle shows you the current range to play.
I believe a breakout of this range with cause a big rally.
But we have to remember that patterns don't always go as planned.
How can we know if the breakout will be a strong long term hold?
Based off of our crossover strategy when we see the green bricks form for a crossover of the black offset average we want to look for a longterm hold. If it were to cross over to the downside we would look to exit and play next support.
Currently the weekly sits roughly in a halfway point on the current range. Brick is above the black line so we continue to hold.
If we look at the timeline we could see this range play throughout 2020.
Altcoins are beyond exhausted and btc seems to be holding up.
I think the bear market is approaching a point of bull cycle.
I was not active much last week because I was out of town. Now it's time to get back into the normal trading routine. I hope your trades are going well and that you are having some awesome trades come your way! 😁
Anyways, catch you in the next post!
#ETHUSD ANALYSIS.. BEARS ARE READY.. I think investors should pay attention to death cross that took place in Ethereum a while ago, in this context, the possibility that the trend might reverse for Ethereum should not be ignored..
Death cross can have an effect like a short upward movement firstly and a deep correction phase for a long time.. In the technical indicators, the T3 curve may return to negative in the near future, and the coppock curve has turned its direction downward.. There is no clear sell signal yet, but in my opinion there are some leading indicators that the bears will take control the market.. I expect a price movement in #ETHUSD as I mentioned in the chart..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
ETH: $200 Short Target, Potential $155 RetracementFirst off, please don't take anything I say seriously, or as financial advice. That being said, let us get into my insights. Looking at Fibonacci circles, there is a potential negative retracement back to a $155 price point, given that Ethereum looks like it could follow a small negative correlation wave. This is why I think, so likely it is best to shorten at $200 and see if there is a market dip. As it looks like it may potentially be tipping this positive correlation wave. A bearish trend could happen, so I'm not sure a long hold would maximize profits over other cryptos (Such as BTC).
Análise do ETH/USD - extremamente parecido com BTC/USDSaudações traders e investidores!
Nessa análise eu estava reparando o quanto o preço da Ethereum tem seguido o mesmo padrão que a Bitcoin...
Reparem: o preço vem subindo desde 13 de março, porém, companhado dessa subida, nós podemos observar um DECLÍNEO NO VOLUME do ativo. Essa diferença é a maior dica de que PROVAVELMENTE o mercado ainda está corrigindo, e nós vamos testemunhar preços mais baixos!
Níveis importantes de se observar:
- Região de US$160 --> Zona de resistência (antigo suporte)
- Média Móvel de 200 dias --> Zona de resistência forte!
AVISO LEGAL: o conteúdo que eu posso não é conselho financeiro e não deve ser entendido como tal. Meus posts têm propósito informativo e de entretenimento.