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Ethereumsignals

ETHEREUM bulls should be happy with this cross!Haven't looked into Ethereum for a while and the reason is because it has been trading on an incredibly steady bullish pattern. The price has been accumulating, then spiking to a standard peak, profit taking. Then the process is repeated. What stands out as the strong signal of an upcoming rise is the crossing of the MA50 and MA200 on the 4H chart. The MA200 always supports while the MA50 directs. Once crossed they remain aligned for a while (essentially the accumulation phase) before the MA50 breaks upwards again, delivering the spike. The RSI pattern is also similar. Currently the two MA periods are crossed so I expect ETH to accumulate. Good time to load more longs in my opinion for a break above $320!
BITFINEX:ETHUSDLong
by TradingShot
36
Ethereum buyers shouldn't worry and here is why!Cryptos have a habit of repeating some patterns over and over again. Ethereum is no different. I took a closer look to Ethereum's bull market and in particularly 3 fractals which all appear to share a similar candle action to ETH's price volatility from October 2018 to date. Initial price drop, high volatility (consolidation) with an obvious Resistance and then aggressive rise. The exception is Fractal B which consolidated longer (almost twice as long) making a re-test of the initial drop/ low (even slightly breaking) it, before it broke out. It did however increase much more than then other two (around +4,300% as opposed to Fractal A +1,800% and Fractal C +480%. Assuming that ETHUSD hit the bear cycle's bottom in December, we can expect it to start rising more aggressively on the short term. If I had to make a pick one Fractal of the three to fulfill this scenario that would be Fractal B as in duration it is much more similar to Bitcoin's expected consolidation phase. In that case we have roughly another 175 days of trading between the cycle's bottom ~80 and current Resistance ~ 185. Do you think ETH bulls need to worry? Hit me with your estimate in the comments section!!
POLONIEX:ETHUSDEducation
by TradingShot
16