Ethereum (ETH) Price Prediction 2020 | Complete Long Term AnalysOn Jan 2020 I posted an article where I revealed that the Ethereum has formed a very big bullish harmonic Shark pattern on 2 week chart and the priceline was entered in potential reversal zone of this bullish Shark and it was suppose to take bullish divergence from this PRZ level.
The price action was expected to produce between 59% upto 123% and the price action took bullish divergence from this potential reversal zone and so far it has generated more than 96% profit and at this time the price action of Ethereum is entered in Fibonacci projection area of C to D leg as I predicted.
Ichimoku Cloud Turned Bullis:
Up to week chart the Ichimoku cloud is turned bullish at this time on this week chart the lagging span has crossed up the priceline and that is very bullish indication specially on week chart.
Candle sticks are crossing up the conversion and base line and also crossing bullish cloud once these crosses up will be completed the it will be difficult for the priceline to make a reverse move and cross down the cloud and conversion and base lines, in the meanwhile conversion line is crossing up the base line just below the priceline of Ethereum once this bull cross will be completed the cloud which is again reversed bearish at the moment it will be tunred back bullish.
Indicators And Oscillators:
If we see even on 2 week long term chart then it can be clearly observed that all important indicators and oscillators are turned bullish like the stochastic has given bull cross from oversold zone and we have received this bull cross after Dec 2018.
The moving average convergence divergence (MACD) is turned strong bullish after Jun 2019 and chop zone is also turned bullish after Jun 2019 these indicators are clearly showing that the trend is being changed in favors of bulls now.
Moving Averages:
If we see the movement of simple moving averages with time period of 50 and 200 on week chart then it can be observed that the price action has almost crossed up the 50 simple moving average and fighting the strong resistance of 200 SMA (in black), once the price action will be successful to cross up then it can easily breakout the long term price resistance at $310.97 here one more thing is in favor of this breakout that the momentum is also completed shifted to bulls as there can be seen 1st strong bullish bar in momentum indicator after Jul 2019.
Once this resistance will be broken out then the price action may move to break or hit the next long term resistance at $742.28.
This is a long term analysis there can be many other resistances on short term charts that I am not discussing this time this is a long term perspective post.
I will keep posting more updates on Ethereum when I will find more developments.
Ethereumusd
💎 ETH/BTC potential profit 23%! Simple trade inside.Hello everybody!🧑🏻🚀 If you like this chart, Thumb UP!👍
1. ETH broke the resistance level which toke place since January 2019.
2. Also the price still above 200 MA on daily TF.
These 2 things strong bullish factors to continue the trend up through the Fibonacci levels.
My target:
1. Buy 0.0202 BTC
2. Sell 0.0212
3. 2 Sell 0.0252.
4. Stop-loss 0.0191
Good luck in your trade!
________________________________________________________________________________________________________________________________________________________________
Subscribe to my channel and receive fruitful recommendation regularly!
😎 Here just clear and accurate ideas🎯! Max profit idea in crypto - 20%(BTC) Max profit in stock - 40%. Total profit more 300%. Trade my own funds. Consult privately🎩
Link to table with summary results: clck.ru
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (238.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a Uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 80.
Take Profits:
TP1= @ 275.30
TP2= @ 319.45
TP3= @ 362.75
SL= Break below S2
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
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 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.
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 $ETH!
#ETHEREUM #CRYPTO
Don't miss the great buy opportunity in EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 178.75
TP2= @ 200.40
TP3= @ 235.45
SL= Break below S2
Don't miss the great buy opportunity in EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 178.75
TP2= @ 200.40
TP3= @ 235.45
SL= Break below S2
ETH/USD LONG - Up to 176$ (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
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'