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Etherium

#ETHUSD Another BEAR TRAP or SELL SIGNAL?I am grateful to all of you for supporting my work recently. OUR COMMUNITY IS GROWING. I am grateful to every tradingview author who are working day and night to make these charts to help the community and the new followers for following me. Let's grow together. NOW COMING TO THIS CHART: There's a lot of information in the chart so please observe. The fractals show that whenever these kind of sell offs occurred we witnessed an upward rally. Take it as a bear Trap. ETH fell into our green support area where long bids were filled. In this chart ETH is holding the channel support so far. The BTC pair chart for ETH also looks bullish (another reason for not being so bearish on USD pair). 85D EMA acting as a resistance so far. CAUTION for longs: AS LONG AS THE ETH holds the $200 Level I firmly believe It will reach $228or even $240 and the start some correction. $200 ALSO HAPPENS TO BE A PSYCHOLOGICAL SUPPORT LEVEL. The whole chart shows a RISING WEDGE Channel which is bearish in nature so need to be cautious. CONCLUSION: We are LONG with two Stop losses at $198 and $191. SUPPORT LEVELS: 200D MA : 203.50 Green horizontal support lines: $180 and $192. If you like this idea please hit the like button and share your views in the comment section. A request to my new followers please follow me on twitter and you'll find the link to my telegram channel go and join for quick updates on BTC overall market, educational contents altcoin setups all for free. On twitter and telegram channel I share quick updates while markets fluctuates. Stay safe #PEACE
BITSTAMP:ETHUSD
by Cryptorphic
33
#ETH/USD Golden Cross: Long Entry +Targets BULLISHHello guys thanks for coming by to this update on ETH. In my last update I said we can break the $200 level soon if the resistance trendline is broken. ETH broke the resistance yesterday. ETH also seems to be having a Golden cross in this 2 hours chart. It did broke above the resistance trendline and waiting for a retest. BTC pair seems bullish too which will drive the ETH price higher. We can enter for a long entry on the retest of the rising wedge. #ENTRY: $197 TO $205.60 TARGETS: 1. $214 2. $219 3. $226 Stop Loss: $192. This is setup could be highly profitable if we look at the mid term targets and resistance levels. Mid term: Resistance: $227 $238 $261 Look at the chart and observe how I plot my moves as per the chart. If you like this idea please hit the like button and share your views in the comment section. Also share my latest BTC update.
BITSTAMP:ETHUSDLong
by Cryptorphic
59
#BTC/USD Cup & Handle to 10680 or 8400? Mixed signals ExplainedThanks for coming by to this update. BTC followed our last 3 charts perfectly. In the current scenario it's important to know the possible outcomes and be ready for the upcoming moves. BTC has been trading under a rising wedge since march 12 which is bearish in nature but since then we have seen an unstoppable growth with halving FOMO and mainstream media showing it everywhere. Now what do we see in this chart? BTC is currently forming a CUP and HANDLE pattern not at the bottom but at the top which somewhere keeps in doubt in the authenticity of this pattern. These are generally bullish patterns. So what do we expect in the coming days? IF we can break above the Orange dotted line which is the global resistance trendline since 20k I expect 10680 to be broken soon and we can see a very bullish rally for the next few months with some healthy retracements because WE HAVE NOT SEEN A HEALTHY RETRACEMENT YET SINCE THE 3.5 k mark on March 12. So you need to be vigilant on that. I expect the price to hit 10.2k and then 10.6 k soon if 9200 holds. THE ONLY LEVELE TO WATCH IS 9200ish. Other support Levels: 50D MA: 9218 85D EMA: 9179 Violet colour support line: $8514 200D MA: 8352. Violet colour support line 2: $7890 The green rectangular are is a good support zone. RESISTANCE: $9900 $10200 $10680 Caution : IF BTC BREAKS BELOW THE 9200 LEVEL THE FIRST LEVEL IT WILL RETEST WILL VBE $8500. My plan is to buy bitcoin lower of the 9200 level is broken to the downside. WEEKLY DIDN'T CLEAR MUCH DATA. BTC is still struggling to break the global resistance both in weekly and Daily TF. I will keep this post updated just like the previous ones. FOLLOW ME for: Daily BTC / ETH /Alt updates Free Educational contents Exponentially growing community. Also please hit the thumbs up if you like this update. Stay safe #PEACE
BITFINEX:BTCUSDLong
by Cryptorphic
166
#BTC/USD SHRT OPPORTUNITY. Perfect Setup with HIGH R:R!Welcome to this quick update guys. When everyone was yelling at 7800 when BTC went to 83xx.. I told you don't panic sell. This is the time to long we made some good profits on this move. I speculated a move upto 9400, see my previous analysis. The link is given with this update, Let's get to this chart. If the current hourly candle closes above the white resistance trendline we can retest the previous local high 10180, If not we will retest the 200 D MA within the next 48 hours. We can consider opening short around: ENTRY: 9685 T0 9970 TARGETS: $9562 $9480 $9355 $9150 STOP LOSS (Must): $10044 Please hit the like button If you like this update. Thanks again. #PEACE
BITSTAMP:BTCUSDShort
by Cryptorphic
73
ETHUSD: What should we do now?If we take a look at ETHUSD price level, we can see that 203.20 has a strong support level there. Many movements have been rejected or fakeout at that support level but we recently see a strong breakout in that price level. This bearish movement was a large volume, breaking that strong support level as well as the trend support level (Green Line). I will say that this movement shows a strong break out of 2 support level making this fakeout least possible. So where should we sell??? We should see price level retesting back that strong support level which now becomes a strong resistance level for ETHUSD. If not, minimally we should see a retest to a weak resistance level @ 198 price level. To determine it, wait for a nice rejection in price level before heading to the downside. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
COINBASE:ETHUSDShort
by YGForex
2