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Etherium

Etherium (ETH)Who will be the winner in the long term? The $USD? Gold? Bitcoin? Etherium? I see a trend forming. June was a strange month for cryptocurrency. Equity prices were volatile, but making huge gains, while the price of both etherium, bitcoin, and gold traded sideways. Then since late July BTC/USD surges 27%. Values of ETH/USD are reaching particularly high levels (+75%) since July 22nd (17 days from the time of writing). Gold is up 45%. I believe the flight from the dollar to these assets is out of fear of inflation in the long term (over the next 5-8 years), and the hopes that a halfing in the staple crypto asset, Bitcoin, recently will deliver higher BTC/USD prices due the ever-decreasing flow or creation of new bitcoin. These two predictions may in fact compound one another to send cryptocurrency asset prices parabolic. As long as the United States government allows the use of cryptocurrency and remains the dominant world power, ETH is a good bet. I believe it will drive our technology driven environment into the future with new services and machines.
COMEX:GC1!Long
by bodeen88
#ETH/BTC Fractals indicate a 38% rally!Hello guys welcome to this quick setup. #ETHBTC just broke out of the resistance trendline and currently retesting the flipped Support. Fractals showing last time it happened ETH rallied almost 38%. This resistance is 106 days long. IMO this is a good time to add ETH to your portfolio. I have bought a big bag and will be holding for for few months. This isn't a short term setup, rather a long term setup. I will buying every dip if it comes. WHAT DO YOU THINK about this setup ? Do share your views in the comment section. Feel free to like this update if you agree, your likes won't cost you anything but provides me a motivation to bring moe of such quality contents for free. #PEACE
Long
by Cryptorphic
6
ETH/USD Trend Cycles Analysis - Smart Money WatchHello everyone, As I get use to setting up trading view, just be patient and any constructive advice is welcomed. As some exciting developments happened for ETH/USD. We will look how to prepare next. If you want to look at my previous article on the chart, check out the profile. What did I do: • Drew horizontal rays for resistances/supports • Drew Fibonacci Retracement line from December 6, 2018 (low) and on. • Drew vertical lines to establish long term trends • Date Range the vertical lines • Price ranged the trends in between the vertical lines Setting: December 6th, 2018 - June 19th, 2019 - Price increase: $281.90 - Uptrend: 202 days June 19th, 2019 - December 17th, 2019 - Price decrease: $247.70 - Downtrend: 174 days December 17th, 2019 - February 14th, 2020 - Price Increase: $172.71 - Uptrend: 59 days February 14th, 2020 - March 13th, 2020 - Price Decrease: $201.72 - Downtrend: 28 days March 13th, 2020 - July 26th, 2020 (Continuing) - Price increase so far: $220.97 - Uptrend so far: 134 days Idea: I thought this would be helpful to layout the long-term trend to give people a better idea of the journey. As history is the best thing to learn from. Seeing the trends would indicate maybe the momentum of the market and seeing who is driving. Bullish Idea: Since we broke $289, we have made a healthy climb until now. Our next target is $360, if we can get a healthy break that. It is time to find another resistance line. Bearish Idea: We lose steam or have a hard rejection at $360, if this were to happen. It would be interesting to see how far the price will be driven down and how long. Historically, they were to take a 200-250 downturn (about 65-70%). Conclusion: Breaking the kangaroo cycle. The only way to confirm this if our retracement were to land a healthy height over this current 597-day period of bouncing. We will not know this until this current uptrend is over. Once it is, it will be telling to see the sentiment of the market during the downtrend. To see if we have bounced out of it 😉. As always, have a great Sunday, enjoy yourself, family, friends and hobbies.
BITSTAMP:ETHUSD
by ReReckles
2