Etherium
ETHUSDT Critical Time Move Incoming! Hello Traders,
Today's chart will be focused on ETHUSDT
Points to consider here,
- Price is coming into an Apex area - decision time
- Testing major support (Green Zone)
- Fibonacci retracment .618 is in confluence with major support
- RSI is approaching major overextended levels
- Stoch's is on downwards momentum
- EMA's acting is resistance giving price pressure
- Volume is rapidly declining signalling a major move !
ETHUSDT is in a critical time where if it breaks this major support we may be headed to re-test yearly lows, the volume is a good indicator of a major move coming (declining Volume currently). If ETHUSDT is able to hold support and break up through this apex then we're looking to re-test resistance at approximately $268.20 area...
what are your thoughts? please leave a like and comment!
and remember,
“Losses are necessary, as long as they are associated with a technique to help you learn from them”― David Sikhosana,
ETH - Ascending Broadening Wedge*Using Poloniex for historical data. Shorting can be done on other exchanges, Bitmex in the case of this analysis.
ETH is within an Ascending Broadening Wedge for its overall history, currently having broken below the lower trend line with the Weekly 60-Day Hull Moving Average and the 175-Day HMA above it at $235. A cross of these two HMA's could occur within the next 2 weeks.
According to Charles Bulkowski (can be viewed on his PatternSite website or in his Encyclopedia of Chart Patterns) the measure rule for targets of Broadening Wedges is the beginning of the formation, for which in the case of Etherium would see it go back to $1. With that, here are levels of Support to consider for targets...
Measuring the move from 6/24/19 to 7/15/19, on the Weekly, as a Motive Wave gives local targets of $172/$129/$86 before reaching the December 2018 low of $74.
A Short with multiple targets and a tight stop would be the best play here, with orders laddered higher than the current price, in case of an attempt to break above the lower trend line...
Wouldnt this be fun, LONG Eth My MAN!!huge market cycle fractical? looks scary the same... and I know this is hopium but dang it would be nice. I'm largely invested in low cap alts in the security token sector, primed for a break out(huge accumulation) been holding against Eth for a long time. If this eth/btc chart plays out like 2017 (or even less than) and the alts do what I think they are going to do I will have my btc value 12X on the safer side or 100X total on the dream side. of course this would be if I held 100% and sold the top.. but just to get a scope of the possible price action. Im just saying it would be nice! definitely make up for this bear market.
Be smart out there and good luck
ethbtc Etherium was never so cheap like now since 2016Bitcoin continues sucking out all alternative coins.
Etherium was not so cheap like now since 2016.
This would not end good, as soon as panic will start and alternative coin traders will start dumping theirc coins for bitcoin.
It would result to short rise of bitcoin price due to artificial deficit of bitcoin, but will not mean there is new money entering the market....
Just restructuring money initiating big trading volume for bitcoin only - 80% of trade volume currently is only bitcoin.
But if you do not have alternatives where bitcoin could be invested and used it becomes USELESS...
Etherium prepping for next bull wave, don't miss out!!!We're seeing classic bullish price action on ETH/USD. Higher lows being made, as price comes closer to retest the resistance zone overhead marked in red. I expect a pull back from the resistance zone once before the final launch up to 350$!!
Support - 290.40$
Resistance- 305.15$
In a bull market, supports are always respected and resistances are broken ;)
cheers!!
ETH next target $350!!We are currently consolidating just right above the $250 support/resistance level. This is a key level, and i think as long as we can hold above this level, ETH will be visiting the next resistance at $350. The trend is your friend, and etherium has been overall bullish since 2019. Don't let lower time frame chop fog your view of the big picture!
get ready for big pop from ethereumthis is excellent, Ethereum is breaking out of its ascending triangle, any day we are going to see a major push towards 300.
the daily and weekly both showing a brake upwards out of this reversal ascending triangle.
buy signal just popped up on the weekly. shits about to get real