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Etherium

ETH - CONSOLIDATE BEFORE PUMP? OR NO?Hey guys. This is just a look at ETH on the daily chart. ETH definitely has the juice for some powerful blasts but I think we MAY consolidate first for just a bit. I'm definitely not as confident in this idea compared to some others as most of the indicators really don't help as they are all stuck in the middle "decision zone". THERE IS the possibility that it pumps up to just about 5K and THEN consolidates between the 4.5K-5K area instead. With more time, I imagine the data and indicators will be more clear and we'll have a better idea of what's going on. I'm DEFINITELY BULLISH on ETH for the rest of this market cycle which I think could carry on into next year. I think all of the "end of the year" forecasts will be irrelevant because I believe market cycles are lengthening! Over time I think that more people will agree with that opinion. The consolidation pattern is based off of fractals and previous bar-patterns. I haven't made a chart for ETH since the previous ETH Inverse H&S pattern target of $4500 Which played out EXCELLENT! (link below) So here is a new chart and as always I will make necessary updates so make sure to set alerts to notify you of updates. If you like this idea please LIKE, FOLLOW, SHARE. It's all appreciated. Thanks for everything. I welcome all feedback and comments (unless they're UNNECESSARY AND NEGATIVE, that's not what I'm here for) *** As always, This is NOT FINANCIAL ADVICE, This is just an idea based off of my research and experience studying and trading cryptocurrency. I ALWAYS RECOMMEND doing your own research before investing in anything. ***
COINBASE:ETHUSD
by Mboersma0324
#ETHUSDT to $6,275 ? , Massive Pattern BrokeoutWelcome to this quick update, everyone. ETHUSDT looks really bullish here. I know the market looks scary here but this chart says otherwise. The Cup and Handle pattern has broken out. If the upcoming weekly closes above the 42k level it's highly likely we will see a 6k+ ETH by the end of this year. just to clear your doubt:- There's always a shakeout before every big rally and I believe the current market is in that situation. We can have some long wicks to the downside which will eventually be bought by the bulls. The target of this pattern is $6275 roughly a 55% Rally. 21D MA is the indicator that you need to follow for the invalidation of this chart. Any close below 21D MA will either invalidate or delay this rally. This is not financial advice, DYOR before taking any trading action. What do you think about this chart? Do hit that like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
9
ETH retest and bulls take overDXY reaching oversold and starting to create a blowoff top. Set up your long trades. As we don't know how far the DXY will rise, we will enter in 4 positions. Split your investment into 4 and set your limits each 25% of your initial investment. Trade Management: First target, we are looking for a bounce back to lower levels. So this time we will close 50% with a sell stop if price rises above target of our position immediately. and scale in if we go back down to increase position size. Will keep you updated when trade is active. We keep remaining positions and exit 10% each target, looking for new ATH. SL is not in place until first target met.
Long
by Krambjoern
1
#ETHBTC is likely to pump 20% . Here's Why!Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. ETH Broke out of the channel and is currently retesting the resistance turned support. I expect two scenarios here. Either we start pumping from here or ETH can retrace a bit to the .062BTC level from which I expect a good rally. Target will be .075 BTC to .08 BTC which is the upper channel resistance level. This chart will be invalidated if we break below the lower support trendline. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE




Long
by Cryptorphic
4
ETH UPDATE - MISSION STILL A GO!Just a simple elementary update here guys from yesterday. Everything still playing out in a bullish way. A Little bearish divergence on the RSI shows we could see a pullback to retest the neckline before upside continuation... What would change this is if the neckline support breaks HOWEVER I ONLY THINK IT WILL JUST DELAY THE INEVITABLE. Targets remain at 4500$ area but we'll watch that neckline support area closely! This area would present a very good buying opportunity around 3650 - 3700 with GREAT RISK REWARD POTENTIAL. I guess I'd personally put a stop loss at 3420 and a target of 4490. Entry = 3650 - 3700 Target = 4490 Stop Loss = 3420 *** THESE ARE JUST MY IDEAS BASED OF MY EXPERIENCE AND I AM NOT A PROFESSIONAL ANALYST. ALWAYS DO YOUR OWN RESEARCH AND RISK ASSESMENT BEFORE INVESTING ***
Long
by Mboersma0324
Bitcoin Pennant Breakout To $110KBitcoin has been attempting to breakout of its pennant for quite some time now. Now that it has been confirmed, Bitcoin is headed to new all time highs. When analysing Bitcoins Fib Circles and Speed Trend Line we can assume the first resistance level would be met around the $80K mark (late November/early December) time. That would also indicate a completion of the (5th Elliot Impulse Wave) which would then be followed by a correction to its Fib Circle support area at $60K. After this cycle is complete, the Bull run would continue, creating a bigger picture (3rd Elliot Impulse Wave) which would take Bitcoin to all time highs. Price Target is 110K (late February/early March) next year. Overall very Bullish on Bitcoin right now!
Long
by TradingWithEmotion