Ethereumusd
CRITICAL INFORMATION - Buying ETH/USD in the next weekETH broke out of the linear regression channel a few days ago with:
Divergence on the MACD
Sky-high inertia
ADX says highly trending
RSI says overbought but rest of the indicators says nobody cares
Squeeze momentum is green for one more day -> small window to buy in today and catch a short term play to the local peak.
Monday we will see a run to 232-235 is my guess, then a small to medium sized correction will happen, perhaps down to 226-228.
However, there may not even be a correction based on the strong MACD divergence and inertia happening on the day chart.
My recommendation is to buy in at 225-226 today.
If ETH breaks below 210 we will see a major correction downwards, but this is unlikely. Stop loss set to 215-218 should be sufficient.
Side notes:
ETH/BTC is going ballistic, upwards, with Ethereum gaining strength relative to Bitcoin. The waters of crypto are shifting.
If Bitcoin corrects heavily in the next few days, traders who wish to keep their money in the crypto-space will move their funds from Bitcoin to altcoins -> Ethereum will see a major rise because of this.
I have been holding ETH since 131 in early January. The gains have been phenomenal. Ethereum will rise to 270-300 in my opinion, based on long term technical analysis (week and month charts) and market factors. A solid argument concerning Ethereum > Bitcoin as a currency is that Ethereum transaction times are much, much faster than Bitcoin's. In terms of long term adoption based on real world use cases, Ethereum is the future of crypto, whereas Bitcoin is a relic of the past.
Good luck, have fun trading!
-dysonring2050
Ethereum Inverted Ascending ScallopInverted ascending scallop, this usually results in a short term bullish continuation, looks like an upside down J.
ETH looking strong for 2020 and beyondBoth ETHUSD and ETHBTC are doing giant triangles.
ETHUSD is doing a giant bullflag which could break to the top already very soon.
ETHBTC is doing a giant falling wedge, similar to for example XRP, which will see a strong break to the upside sometime in 2020.
New all time highs for ETHUSD at the latest in 2021.
Ethereum : Double Bottom pattern.Ethereum : Double Bottom pattern.
Note: This is only for Educational purposes; this is not investment advice.
Ethereum RepostI have to emphasise the potential returns on this investment by reposting this, Ethereum is currently in a great spot both technically and fundamentally for 2020, I believe the 0.618 fib line will be hit as per retracement from local top of 2017s bull run. As you can see there are three clear dips, the third being the largest.
ETHUSD Elliot Impulse WaveElliot impulse wave, currently beginning 5th wave, supported by a strong linear regression uptrend. 4H chart. Broadening ascending wedge.
Ethereum - $ETH - Heads-Up! I am Very optimist. The price close weekly above $166.75 a green candle in $ETH is coming.
Would be impressive though...
I really thought that we would see a retracement... but here we are... Welcome to trading.
Next levels to focus on are $167.4 and $174.
Reaching $174 will be a bullish heads up! Come on $ETH!
#ETHEREUM #CRYPTO
ETH,ETC Now, ETH JAN2017 are following same parabolic Pattern?! Hi Guys,
Looks identical?
not a financial advise !
Good luck
Don't miss the great buy opportunity in EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 178.75
TP2= @ 200.40
TP3= @ 235.45
SL= Break below S2
Don't miss the great buy opportunity in EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 178.75
TP2= @ 200.40
TP3= @ 235.45
SL= Break below S2
ETH/USD LONG - Up to 176$ (and maybe more)Hey everyone!
A fresh trading year start of 2020 deserves a spot on call and I think ETHUSD has given us what we were looking for.
First off, a great Risk-Reward-Ratio (RRR) with a great compliance with the Point of Control (POC) of the Volume Profile.
Didn't even apply Fibs to this one as it looks primed, ready to attack - like a snake - for a further move up.
Had to publish this ASAP and I'm writing this description later as the breakout could occur at any moment. With that being said, given that I felt a sudden rush in writing this to you, the call could be premeditated which leads to this pattern failing and another pattern appearing that then performs to target.
In either case, you've been warned :)
Take care,
Vlad the Crypto Trader
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (146.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Take Profits:
TP1= @ 163.30
TP2= @ 191.75
TP3= @ 223.20
SL= Break below S2
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (146.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Take Profits:
TP1= @ 163.30
TP2= @ 191.75
TP3= @ 223.20
SL= Break below S2
ETHUSD Bearish SignsVolume oscillator can be seen to be declining, along with a lack of upward pressure within the volume RSI. Barely holding onto the purple fib line, consequences would be devastating if this is broken as a likely target is the pink fib line, which results in a lower low.
ETHUSD Smol Descending ScallopETHUSD has formed a small descending scallop, higher lows are also present. Key level is grey Fibonacci line. Stock RSI can be seen to be oversold. 4hr chart can often be less reliable than greater timeframe charts.
ETHBTC Dragonfly DojiIn the current downtrend, a dragonfly doji may signal a price rise is on its way. 'The long lower shadow suggests that there was aggressive selling during the period of the candle, but since the price closed near the open it shows that buyers were able to absorb the selling and push the price back up'
BTC Vs ETHAs you can see both Ethereum and Bitcoin have formed bullflags, this may lead to further upsides. However, bitcoin is stuck in a downtrend while ethereal is producing consistent higher lows. This may be due to the release of the recent ‘hard fork’ causing this price movement.
ETH 2020 Ethereum VS USDRoad to 1000+ ETH
Ethereum is the Web 3.0 but will it deliver
Strong developer growth and ETH 2.0 around the corner helps build the Ethereum supports the hype.
For these reasons, I am long-term bullish in Ethereum .
ETHUSD At Important LevelFirst of all I know this is a repost but don’t scrutinise me because I feel like its important to be shared. ETHUSD is at a key level in its parabolic journey, with three major dips observed will a new bull run be sparked? A head and shoulders pattern is also present.
ETHUSD Breakout patternSmall fibonacci retracement within the downtrend, price has setup for a nice bullish reversal, with an inverse head and shoulders signalling this. Low, and higher lows clear, stop loss also listed for those entering this trade. Green fractal indicating possible movement pattern.
My view on ETHUSDEthereun hit the long term downward trend and hit a small correction. My target zone for going long would be around 132.50. Let's see how that plays out in next couple of days.
I will be posting updates here as the trade/day progresses.
How are you trading #ETH today. Please leave a comment about your ideas.
Disclaimer: I am TA newbie. Therefore goes without saying. This is my personal opinion and not a financial advice. #DYOR.
Happy Trading!
