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Ethereumusd

Planning ahead for when Smart Money decides to battleHello everyone, Hope all is well. Thought I would expand on the topics yesterday by looking at the daily perspective of ETH/USD. As I am looking wide and starting to hone in. The recent uptick causes excitement for some life. It is important to layout what is ahead of ETH. Where are the decision points for smart money. To help people plan on important price point battles on either direction. What did I do: 1. Drew horizontal rays for resistances/supports from December 11th, 2018 and on. 2. Drew a Fibonacci retracement from the lowest support to the highest resistance. (80->363) Setting: • December 11, 2018, with a low of $80 (support) • June 26th, 2019, with high of $363 (resistance) • February 15, 2019 with high of $289 (resistance) • March 14, 2020, with low of $88 (support) Test: The first test I believe is a battle at $289 from previous history. This is an important point because a reaction at this level is important immediately. Ideals: Bullish Idea: Healthy jump over $289 into the $3## would help us turn this resistance into support. Preparing for the next big jump. Bearish Idea: Rejection at this level would cause a retest in the $25# range and then $22#. Smart money will test the floors to see how solid its support is.
BITSTAMP:ETHUSD
by ReReckles
1
ETHUSD this dump in an invitation to a powerful pumpFailed in breaking out the resistance: Hi guys and gals hope you are well, welcome to the new update on Ethereum, the Ethereum was going very good and after crossing the $224 resistance it was expected that it will use this resistance as support and move up to hit the next resistance level but the price action has failed to retest the resistance of $224 and dropped down at previous resistance level at $149 and even now hitting at the next support level at $122. Before breaking down the $244 the support the price action went very close to $310 resistance $290. Simple moving averages are broken down: On daily chart the priceline of Ethereum was moving above 100 and 200 simple moving averages and it was expected that these moving averages will work as strong support for the priceline but the bearish move was very strong and now we can see that the candlesticks has broken down the both simple moving averages on daily. Ichimoku cloud: In my previous article we have discussed that the priceline was likely to cross the ichimoku bullish cloud and conversion line had formed bull cross with the baseline just below the priceline of ethereum and Ethereum achieved highest price by moving up 12933% bullish move. This time the price line of Ethereum was moving below this cloud since July 2018 and the current during current bull rally it was expected that candle sticks will cross up the bullish cloud. Unfortunately this time the priceline of Ethereum did not cross the bullish cloud and dropped down. Once the priceline will be successful in crossing up the bullish cloud then we can expect a really very big bullish move like it has taken in 2017. No one can say anything that this time the priceline of Ethereum will produce 12933% or more or less profit but it can make really very big bullish move. Harmonic move: If we see on monthly chart then the strong bearish move has completed the final and last leg of bullish Gartley pattern which was being formed. It was started on December 2018 and the first leg was completed on June 2019 then the price action retraced upto 0.786 level here I have ignored some extra spike. From here the price action was suppose to be projected between the projection area of A to B leg from 0.382 to 0.886 Fibonacci level and after being projected in this area the Ethereum was suppose to be retraced between 0.618 to 0.786 Fibonacci level. After this retracement now the price action is suppose to be projected between 0.382 to 0.786 Fibonacci level and this is the projection of A to D leg. Now we can see the priceline of Ethereum even has hit the spike even beyond the potential reversal zone of this big bullish Gartley pattern but unless the candle sticks will be not closed below the potential reversal zone it cannot be considered that this PRZ level has been broken down. Now from this potential reversal zone the candlesticks are suppose are to be projected between the projection area of A to D legand this bullish divergence can also lead the price action of Ethereum to breakout the ichimoku cloud as well and we have discussed earlier once the pipeline will cross up to cloud on weekly chart then it can turn more bullish to produce very big profit gains. The range of potential reversal zone and Fibonacci projection area: And as per bullish Gartley the potential reversal zone of this pattern starts from $188 and ends at $141. And the Fibonacci projection starts from $225 and ends up to $315 this is the level where we also have key level resistance of Ethereum $310. Stop loss: Maximum extent of potential reversal on should be used as stop loss point in case if the candle sticks will be closed below this area because once the priceline will break down this PRZ level then the price action may go for bullish Butterfly and can retrace more down between 1.27 upto 1.618 Fibonacci level.
KRAKEN:ETHUSDLong
by moon333
1
Ethereum Chart Pattern AnalysisChart Pattern Analysis Falling Wedge - A bullish pattern that begins wide at the top and contracts. A bullish reversal pattern. Descending Broadening Wedge - A bullish reversal pattern, Expanding cone, often mistaken for bearishness due to its downward sloping nature. But this pattern is definitely bullish. As seen on chart. Rising Wedge - The opposite of a falling wedge, a bearish reversal pattern. Begins wide at the bottom and contracts. A very speculative chart for Ethereum, i just like the look of it. I believe The alt coin market and general cryptocurrency market is setting up for a bull run Enjoy
BITFINEX:ETHUSDLong
by Bixley
🐻 Potential Major Rejection For Ethereum. (ETH)💰 LET'S GET INTO SOME LONGTERM ETHEREUM ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - We have been trapped under a major key level of resistance at 253.40,This resistance level is the main level that will determine what happens next in the Ethereum market. I have labeled it as (King Of All Resistance) at the top of the chart. - The dashed line that I have labeled as "Must Be Broke For Bull Continuation" is what you will want to play for a long as that is multi structural downward Resistance. Break that and 253.40 for a power move! - The previous 2 weeks started with an engulfing bull candle but followed by a bear engulfing candle to reject from the key Resistance level. Now we have been forming a DOJI candle to show indecision but notice it is forming beneath the last 2 engulfing candles on the low. If we close here this could be a lower low. - You can play short below the previous candle low and use a 1% stop loss or exit as soon as we push back above the previous low. Keep playing the previous low as we could anticipate the short to drop. Only play long on breakout of key Resistance dashed line. - The EMA DOTS indicator on the bottom does have an alignment of all 3 dots firing the same color. We use this to help identify trend reversals in any market. - Remember that all of this is still in motion and will not close till (June 22, 2020) You always want to make sure that the timeframe closes for a more solid trade opportunity. So overall we are just waiting for a breach on key S&R Levels. We are leaning bearish for now. Don't forget to use your tight stoploss on the breakouts and to never marry a bad trade! Cut loss when needed. Stay patient and let the trade come to you! Enjoy your weekend and stay safe! Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
BITFINEX:ETHUSD
by UnknownUnicorn2319099
ETHUSD some bearish signals on long term chartHi friends hope you are well and welcome to the new update on Ethereum. This coin is going really very good even better than the Bitcoin but on the long-term there are some weak bearish signals are appeared, therefore I would like to share those signals with you guys. The price action is re-resting the previous resistance as support: Firs of all I would like to show you the different support and resistance levels of Ethereum on th daily chart. Here the price action has bounced from $122 support and broke out the next resistance level of $149. And after breaking out it used previous resistance as a support and then priceline first attempted to breakout the next resistance of $224 and after being rejected by this resistance the price action again moved up made another succeful attempt and broke out this resistance level. At this time the priceline of Ethereum is retesting this previous resistance as a support. If this support will be broken down the Ethereum can reach at previous support at $149. Comparison of channels of Ethereum and Bitcoin: If we see the comparison between the up channels that are formed by the Ethereum and the Bitcoin on the day charts. Then position of Ethereum is seems to be stronger and better than Bitcoin. At this time the price action of Ethereum is moving within the up channel but on the other side the BTC has broken down the support of channel. And now the priceline o BTC is moving below the support of the channel. If we watch the exponential moving averages with the time period of 10 and 21 then both are touching each other. Comparison of Ethereum and Bitcoin’s simple moving averages: If we watch the simple moving averages with the time period of 25, 50, 100 and 200 of both charts. Then Ethereum has just broken down the 25 simple moving average today and on the other side the Bitcoin broke down this simple moving average before the Ethereum at this time the price action of Bitcoin is at 50 simple moving average support but Ethereum can move all the way down the retest the 50 simple moving average support and this time this support is at $218. However the moving averages on Ethereum’s chart has completed the setup for an open alligator mouth. That is a very strong bullish signal. As the 25 simple moving average is above all then we have the 50 simple moving average then 100 and the biggest time period simple moving average that is 200 is below all the other moving averages. But on the Bitcoin chart the 100 simple moving average needs to cross up the 200 simple moving average in order to complete this bullish setup. Therefore we can say that Ethereum is more bullish than BTC. And if the Bticoin will make any bullish move then Ethereum will make more bullish move than BTC. A big descending triangle and my prediction of 180% bullish move: Now if we watch the Ethereum price action on the long-term weekly chart. Then it has formed a big descending triangle. I am observing the movement of the price action within this triangle with the combination of stochastic and MACD indicators. And it can be easily seen whenever the price action reaches at the support and we receive bullish signals by the stochastic and the MACD indicators then the price action moves up to the resistance of the channel. By repeating this act the Ethereum price action first produced more than 355% bullish rally, then it produced more than 150% bullish move and recently it has produced more than 180% gains. Using the same method I predicted this last bullish rally in my previous article that I posted on 28th of March when the price action of Ethereum was moving at the support of this descending triangle as below: Previous article: Now at this time we can see that the price action has reached at the resistance of this descending triangle and the stochastic is still in bull cross but the MACD has turned weak bullish from strong bullish. This is the first indication that it is turning bearish now we should observe if the price action would be moving at the same level and the stochastic would be in bull cross and MACD indicator will be again turned strong bullish from weak bullish, then we can expect that the price action will break out the resistance of this triangle. Otherwise it can move down to the support. I have also play the volume profile on the complete price action. And that is showing that the price action is moving in the area where the trader’s interest is really very weak. That is another indication that the price action can move down to the previous support from here. Conclusion: On the daily chart the Ethereum is more bullish than Bitcoin. It means that whenever the BTC will move up then Ethereum will make big move than the Bitcoin. But on the long-term as it has reached at the resistance of the triangle therefore we need to observe all indicators and signals very closely for any upcoming bearish is move.
COINBASE:ETHUSD
by moon333
These 3 signals can turn Ethereum more bullish than BitcoinHi friends hope you are well today I want to share with you three major significant signals of ethereum that can help you understand when the ethereum is going to make a very big bullish move. This article will be also helpful to have an idea whether to invest in Bitcoin is will be more beneficial or to invest in Ethereum is more profitable. After Bitcoin halving 1st bullish rally of Ethereum and 1st bullish signal the market cap: After previous Bitcoin halving which was happened almost on 11th July 2016. The price action of Ethereum started bulish rally. And we have witnessed that the market cap of Ethereum was increased. If we see the coinmarketcap data of Ethereum on July 11th 2016 then at that time the closing price of the Ethereum was $10.46 and the market cap was 856.5 million dollars. Then first rally was started that was upto 12th June 2017 and at that time the market cap of Ethereum was increased by 37.1 billion dollars. Its mean that the market was increased more than 4200%. The Ethereum reached at $401. That’s mean it rallied more than 3900%. Then the world’s second largest cryptocurrency started a correction rally. After Bitcoin halving 1st bullish rally of Bitcoin and the difference between the profitability: On the other hand if we watch the Bitcoin chart. Then after halving the Bitcoin started a bullish rally and upto August 2017 the BTC gained more than 650% value. Now if we compare this profit ratio with the profitability that was produced by Ethereum then it is more than 83% less. The second bullish rally after correction: After the 1st bullish rally of Ethereum that was up to 12 June 2017. We have witnessed a correction rally and after this correction rally the Ethereum started the next long term bullish move. And this time upto January 2018 the market cap of Ethereum was increased by 135.4 billion dollars. Its mean that the market was increased more than 15000%. And the price action achieved $419 price level that was more than 13400% bullish rally. On the other hand if we watch the Bitcoin chart. Then after little bit price correction the Bitcoin started next bullish rally. And upto Dec 2017 the BTC gained more than 3000% value. Now if we compare this profit ratio with the profitability that was produced by Ethereum then it is more than 346% less. In these bullish rallies the important point is that the Bitcoin achieved the highest price ever in its history in December 2017. And when the Bitcoin was dropping down in January 2018 the Ethereum achieved the highest price ever in the history of ethereum. It's mean that after recent halving when the long-term bullish move will be started again. Then we can expect that first Bitcoin will turn bullish and achieve the highest price. And when the Bitcoin will be going through a correction rally or moving down then Ethereum can achieve the highest price ever in its history. And Ethereum can again produce far more big profit than the BTC. Bullish rally of Ethereum: Bitcoin rally chart: Second signal the simple moving averages: If we place the simple moving averages with the time period of 25,50,100 and 200 on the weekly chart of ethereum. And first look back before the previous powerful bullish rally from 2016 to 2017. Then it can be observed that when the 25 simple moving average crossed up the 50 simple moving average after that the price action of Ethereum never turned back and started the bullish rally that that was continued to one and a half years. As per coinbase exchange we did not have the 100 200 SMAs available at that time. Therefore we are only watching the golden cross between 25 in 50 simple moving averages. Now if we move to the current situation then it can be easily seen that the price action has crossed up the 25 and 50 simple moving averages. And at this time the price action is trying to break out the 100 simple moving average resistance. Once all these simple moving averages will form the golden crosses with each other then we can expect the powerful bullish rally like we have witnessed back in 2016 to 2017. At this time the 25 simple moving average is in death cross with 50 simple moving average. So we should at least wait for the 25 SMA to cross up the 50 simple moving average then there will be chances that the price action of Ethereum will turn bullish. However I would suggest to wait for all the golden crosses between all these four simple moving averages. For example the 25 simple moving average should be above all then we should have the 50 simple moving average then 100 and at the end of all these moving averages the 200 SMA should be below all these simple moving averages. Then a complete a opened alligator mouth will be formed. And the support of all these four simple moving averages the priceline can start very firm long term up trend. 3rd signal the ichimoku cloud: Now I would like to discuss about the third bullish signal that can lead the price action of Ethereum to achieve the next highest price ever in its history. And that is the ichimoku cloud on the weekly chart. In order to notice the power of this signal we need to again move back in 2016. When the priceline of Ethereum crossed up the cloud in August 2016. And the price action started bullish move that was continued to next 1.5 years. Then after July 2018 since the price action of Ethereum has crossed down this ichimoku cloud it has never been successful to breakout this cloud again. From July 2018 to April 2019 there were very low chances for the price to cross up the cloud because the priceline was moving far more down than the bearish cloud. And the lagging span of ichimoku cloud was also at very big distance from the price action. Now at this time we can observe that the ichimoku cloud has turned very weak in the price action is making 3rd attempt to cross up this cloud. The lagging span has already crossed up the price action and now we can wait for the conversion line to cross up the baseline. This can produce a powerful bullish rally that can lead the price line to cross up this cloud and we can expect that once the priceline will breakout the ichimoku cloud then it will never turn back for next 2 to 3 years like it did back in 2016 to 2017. Conclusion: The Bitcoin can start a long-term bullish move before Ethereum and achieve more higher price level. Then Ethereum can start the upward move subsequently. But the profitability of a Ethereum can be more better than the profit ratio of Bitcoin. It is also possible that after acheiving the higher price level the Bitcoin will be moving down and in the meanwhile the Ethereum can start moving up to achieve the higher price level. Therefore it can be possible that many traders would be thinking that if the Bitcoin is dropping down then it is also a sell signal for Ethereum as well. But after selling they can regret like it happened back in Jan 2018.
COINBASE:ETHUSDLong
by moon333
1