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Etherium

ETHBTC Daily Trend Change|Higher Low|Local Resistance to Break! Hello Traders! Today’s chart update will be on Etherium, which has successfully broken out of its bear trend on the daily. It respected the .618 Fibonacci level on the 240 time frame as expected (see Chart Linked below), now currently approaching a critical resistance level that needs to break. Will bulls have enough momentum to break through resistance? Points to consider, - Daily bear trend broken - Price supported by .618 and .50 Fibonacci - Local resistance yet to be broken - Stochastics in upper region - RSI approaching apex - EMA’s supporting price - Volume trading just below average - VPVR declining in transactions from current point On the daily, Etherium has put in new higher low, the overall structure of the trend has now changed with critical levels yet to be tested. Price was initially supported by the .618 Fibonacci level, signalling that buyers are strong in that area with considerable bull volume coming in. Local resistance however is yet to be broken, this is a key level that needs to be broken to keep the bull momentum intact. The stochastics is currently trading in the upper region, can stay up here for an extended period of time, however there is lots of stored momentum to the downside. RSI is respecting its current support and resistance, coming close to its apex, a break will be imminent. The EMA’s are currently supporting price, it needs to hold price as support in order for the new trend to mature. Volume itself is quite healthy, although just below average, Etherium needs volume to maintain into order to break local resistance. The VPVR is quite interesting; it has clear low volume of transactions from local resistance to structural resistance. This signals that bulls will have little resistance poised by the VPVR when trading in that cluster. Overall, In My Opinion, Etherium needs to maintain above the EMA’s as it comes into local resistance. We need a steady increase in volume to successfully break resistance and to at least test structural resistance… What are your thoughts? Please leave a like and comment, And remember, “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
Long
by AzizKhanZamani
ETH/USDT (3D) Global SituationSo, globally we are having a bullish wedge on ETH and the price entered this wedge from below. By definition "the wedge" is the pattern, where highs and lows are updating and go lower or higher, depends on what kinda wedge we have currently. So, right now if the price will break a current high, which is $223.94. Then we can expect the pattern to outplay its main target(which is around $360) since the next high won't be lower than the previous. Let's see. Good luck everyone and happy trading!
by SonicTrade
ETH count - Did I just cracked the code ??? !!! :)Ciao Traders ! I know this view might be unpopular, but that is what I see in the chart. Please read the comments on the chart for a full understanding of my view and see also the previous chart of ETH i posted called "down wave completed?" for a more detailed analysis of the latest down leg Stop believing and start analyzing :) Happy trading to all ! Disclaimer: This is not financial or investment advice I am not a professional in the financial or investment fields This analysis is just for entertainment purposes Do not follow what I do or do it at your own risk
COINBASE:ETHUSDShort
by OmarPiane
ETHUSD Retrace Before Breaking Resistance !?Hello Traders! Welcome to another update, This will be a quick one on ETHUSD, potential 10% trade setup! Points to consider, - Bullish on 240 timeframe - Price testing major resistance - Stochs showing downwards momentum - RSI reaching overbought territory - EMA’s holding price as support - Volume is picking up - Double bottom wicks (bulls strong in this area) ETHUSD has had a break from support testing lower regions around the $165 area, where bulls were then able to push price back into the now resistance zone. Bulls are currently being faced with this new resistance, where if it is able to break, then we could see a potential 10% trade! The indicators however do look quite bearish; the RSI is currently in overbought regions, with the Stochs showing downwards momentum. The EMA’s however is currently holding price as support but this is not enough to justify with a high degree of probability that we have further upside momentum. It would be healthy for the price to retrace back to the trend line from here, to allow the RSI and stochastics to cool down. This will allow the bulls to have greater momentum when breaking the next local resistance… What are your thoughts? Will ETHUSD retrace before breaking resistance? Please leave a like and comment, And remember, “A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” – Van K. Tharp
BITFINEX:ETHUSD
by AzizKhanZamani