Etherium testing supply zoneWe have seen strength today in the crypto markets, including Etherium versus the Dollar. You will note that Bitcoin and many other alt coins are forming a rising wedge formation. This is a bearish chart pattern.
Etherium in particular has just made a high high, yet a lower low on the RSI indicator. This is also bearish signal. Volume has also been decreasing, indicating the last move higher is quickly losing momentum.
With the higher time frame supply zone shaded in yellow, it is probable that we will see strong selling pressure.
Trade targets are shown.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Etherium
XRPETH - trade in volumes zoneFriends, good afternoon. Today the day began without major market movements. Analysts of our company and I chose the safest trading assets and decided to share one of the ideas with you. There are a lot of money in the market, so everyone will have enough.
We decided to pay attention to the crypto-currency pair XRPETH .
Movement on it is relatively calm, against a background of calm and moderate market. Therefore, trading from the levels should all bring the expected result.
As we see, the price rested in the lower zone of resistance and it certainly does not want to pierce it. There are no volumes in that zone, so it is better to trade in a high-volume zone. Therefore, we believe that the price, within a few days, will go to 0.00106651. Stop can be set in the zone 0.00097859. A trip to the stop should not be expected, so we hope for a good profit.
If you want to receive more profitable bargainings, welcome to the site cdlcrypto.com. All registered users receive the freshest trading ideas from analysts of our company :)
All good day and profitable trade!
Etherium breaking down?Etherium has broken out of a rising wedge pattern on the 1-4 hr timeframes.
With this in mind, I'm looking for another short entry trade on the lower timeframes for a trend continuation play. We can see price is now in a falling wedge structure and expect another drop before a possible breakout.
This presents a great trade opportunity with the overall trend with a favorable risk to reward ratio.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
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ETH Morning Update 29/06/18,Heavily manipulated or just bearish?How confusing ETH/the whole crypto market can be these days?
Personally imo*, and by the way it looks for now, this is highly likely to be a falling wedge(I repeat HIGHLY likely!). This would be a good long shot at ETH, with a possible stop-loss, if and only if the bottom channel of the Falling wedge is decisively broken(Great risk/reward shot here). Why would this be highly unlikely? Due to the number of times in the past few weeks, ETH has been respecting the said channel(red rectangle areas).
I do think however, that this is a typical whale play in order to tap out/Stop-loss all the weak hands, before the price can move up. The current channel that the price is moving in(unless there's a breakout on D-the falling peaks pattern drawn on the graph), it just does not make sense that Etherium , would move more down and follow the falling wedge bottom channel because it would take quite a long time to reach the next ret/support 0.93 at 388. And this would just be a falling wedge inside a falling wedge, which should have a massively bullish outcome.
Pair this with the recent uptrend in the BTCUSDLONGS , and the fact that etherium has been in the past few month alwaays a step ahead of btc , I'm definitely long this time on etherium- playing in for the bull trap.
Overall, if the week ends with a green candle(above 454), I'd see a good probability of a bullish reversal and a breakout out of the falling wedge(Targets 586/714). This market is not dead, yet.
Do comment your thoughts, additions or critics, as this is quite a critical time for etherium.
-Happy trading folks-
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Disclaimer:
//This is not a buy or a sell sign, you decide what to do with your own money!//
If you liked my take on etherium, or other markets, agree or follow for more interesting ideas, it's all very much appreciated, cheers!
5:1 trade opportunity on Etherium ClassicWe have another rising wedge pattern setting up on Etherium Classic.
Reasons for sell trade:
Rising wedge meetings rules
Decrease in volume
Break of the RSI trend line
Bitcoin has similar rising wedge pattern forming
Projected stop loss and take profits targets are shown.
A move above 16.3 would invalidate this setup.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
ETH futureAll in all, overhead resistance is very strong. It needs time and right setup to pierce through. But you can see that 367 level is very an important level and should bounce back to pivot at 536 where coincides with the overhead resistance. This formation is also known as the bearish flag which will turn into another bearish move down to former resistance level. After enough time passed on the low side, it can pierce through the overhead resistance in a head and shoulder pattern.
Eth looking opportunistic, 5 waves down, correction complete!Just a short midnight update.
There isn't much to be said. Fairly oversold, it just entered the 0.78 ret support zone and bounced back.
5 wave correction complete, stop loss 420 for now looking good. Forming a reversal pattern of a falling wedge, expecting some liquidity to enter the market this week or the next one. The same goes for bitcoin.
//Disclaimer this is not a buy or sell sign, you decide what to do with your own money!!//
ETHUSD More Downside To Follow But When Will It Stop?Hi Guys,
In this analysis, I will share my opinion on ETHUSD. This may not be so technical rather I want to explain what I think can happen.
Now, ETHUSD is moving lower very significantly, and many traders think that the "hype" is gone. However, I think there is a pretty good chance, structure wise to revisit the low of 357.87 with a big spike lower, followed by a massive rally.
Why? because the 357.87 is a significant swing low and many traders may think that when that area breaks ETHUSD is going to crash to 50 or lower. But I think that there is a good chance for ETHUSD to rally after revisiting that area based on the sentiment cycle:
How? Simple, ETHUSD can just become a big flat pattern shown in the chart.
Anyway, bookmark this analysis and we will see what will happen. As the short-term time frame is concerned I am expecting way more downside.
Hope this helps.
Observing the largest of trends-THE WEEKLY Trend on ETH for 18´ Step by step detailed t.a, on Etherium medium, to medium-long term.
Etherium has done so far very well in 2018, major rally from approx. 198 to more than 1400. But ever since these heights were reached, etherium is seeing fairly lower and lower volume(as noted on the graph). Following from this, from Elliott waves, as expected, a correction in the form of the larger fractal was completed, with a bottom of 358(C), and a breakout on (D), going as far as 838.
1. Since 838, etherium has been in a correction, forming a smaller fractal(current bottom 450). Although, right now it's somewhat holding this bottom very nicely, it is getting closer and closer to the Ichimoku cloud. Using Ichimoku as a primary indicator, and with a very basic approach, it can be seen that there is a switch in the Kumo(In red, indicating a bearish segment), and if the pattern breaks down through the cloud, as pointed out on the graph, that would mean that etherium would be entering a bearish market(from Ichimoku cloud theory, pattern>cloud=price follows a bear market). In such case, I can see the price primarily go to 200 as the initially bottom, followed by somewhat of a bounce, and deciding what to do next, which would be too early to be analysed at this point.
2. Etherium has also been trading bellow the 50 week average, as well as the 21 period moving average. By itself 21 period moving average, is somewhat of an momentum/directional indicator, and consistently trading(few periods bellow it) as etherium has done, can be interpreted as the price being negatively affected by the momentum/having a downward directional tension. Analysis on the MACD, as it can be seen is that, on the rally to 838, etherium tried to break through and intersect above the supply line, however that didn't happen, and since the intersection after the major rally to 1423, what can be said is that sellers have been in control ever since, up until now. On the other hand, RSI, at the present point is pretty neutral, hence somewhat meaningless as well.
3.Overall, with the ICO(Initial coin offering) bubble which has been somewhat speculated in the last months, to finally burst, and this being the key factors for etherium's demand and valuation, coupled with the recent economic news from the global markets, as it stands now Etherium is by no means a done and mature product, and these factors could have a considerable effect on the price in the following period. Not to mention, almost all of the crypto market follows bitcoin as sort of an "index" market measurement, and if BTC breaks bellow 6000, I can hardly see Etherium not following the same footsteps as bitcoin.
Personal note: I'd only see myself shorting ETH, if this week or next week, ETH breaks the downward trend line of the fractal(Green arrow drawn on the graph). Major move expected in July. Prior to entry, I might do a daily t.a. as well.
Disclaimer:
//This is not a buy or a sell signal, you decide what to do with your own money!//
If you liked my take on etherium or other markets, give it an agree, share or follow for more well-detailed analysis, cheers!
ETH weak on the daily, but forming a bullish fractal+++!As I mentioned in the previous ETH T.A that I did, prior to entering I'll do a daily t.a, and here it is.
Just in short key points:
-ETH tried to breakout on D, instead formed a bearish wick, and had a pretty touch rejection around 540-550.
-Today ETH looks, pretty weak, and over the next few days I could see a possible entry around 380-410 depending on the state of the market, with a stoploss at 350-360(previous low). >>>>0.88 ret support at 415, 0.93 ret support at 388-392(depending on how precise are the decimals counted in)<<<<<<
-If ETH breaks bellow the previous lower(bearish scenario), the next price I'd be looking to buy into would be around 200.(from my previous in greater detail T.A, this is just a short follow up)
Disclaimer:
//This is not a buy or sell sign, you decide what to do with your own money!!//
If you liked my take on etherium and/or other markets, comment,agree or follow for more interesting T.As', much appreciated, cheers!
ETHUSD falling analysis, support and resistanceETHUSD daily chart///
I have already told you my idea that the downward trend has not ended. And I've published graphics about it.
The price is currently standing in the support zone in early 2017
The purple lines are trend lines and the red one is our most important support point
You can see other support and resistances in the chart
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
May 25 - ETHUSD daily chart about SHS formation
Etherium testing daily trend lineEtherium is looking nasty.
Price has poked through and is now testing the DAILY trend line. Given the weak nature of the rally from the last re-test of this trend line, I'm expecting another break and close below.
Targets are the 1.272% and 1.618% FIB extension should a break occur. If this really is the trigger point of the daily breakout pattern, the projected target is $23. Yep, you did read that correctly!
Use limit order for entry method to catch the break below.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Bearflag on Etherium ClassicLooking at the hIgher timeframe on Etherium Classic, we can see a BEAR FLAG is starting to form.
I'm looking for a swift clean break to the downside with Target 1 at the 1.272% Fib extension and a 1.618% FIB extension. I will be using a STOP LIMIT order to catch the fall.
This trade does rely on how Bitcoin -1.00% reacts over the weekend of course. But with the downtrend still in play, there is no real reason to be buying - unless your very good at picking tops/bottoms.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
ETH - ShortETH is looking prime for a short entry soon. With ETC being listed on Coinbase, EOS and others...all popping up as competition and every corporation making their own block chains... ETH may be in for some market shrinkage. Plus BTC moving lower ... Lowest green box may seem radical ... but maybe?
ETHUSD Short Term Elliott Wave AnalysisHello Traders,
With the recent break below 05/28/18 low (490.42), Ethereum is now showing a 5 swing incomplete sequence to the downside from 05/06/18 peak, targeting lower levels.
The cryptocurrency ended the cycle from 05/06/18 peak (840.70) as a zig-zag structure at 05/28/18 low (490.42) in black wave ((W)). Internal blue wave (A) ended at 05/07/18 low (685.71) and blue wave (B) ended at 05/14/18 peak (744.45). Below from there, it ended internal red wave 1 at 05/16/18 low (643.76), red wave 2 at 05/20/18 peak (723.86) and red wave 3 at 05/24/18 low (537.72). Up from there, it ended red wave 4 at 05/25/18 peak (615.53) followed by another extension lower in red wave 5 to complete the zig-zag correction in black wave ((W)) at 05/28/18 low (490.42).
Up from 05/28/18 low (490.42), it ended black wave ((X)) connector at the peak of 06/03/18 (630.02). Below from there, it ended internal red wave 1 at 06/05/18 low (573.57), red wave 2 at 06/07/18 peak (617.06) and red wave 3 at 06/10/18 low (495). Up from there, it ended red wave 4 at 06/12/18 peak (544.58) followed by an extension lower in red wave 5 to complete a 5 waves impulsive structure from 06/03/18 (630.02) peak in blue wave (A) at 06/13/18 low (449.26).
As long as the price stays above blue wave (A) (449.26), it should correct the cycle from 06/03/18 peak in 3, 7 or 11 swings higher before another extension lower should be seen.
#ETHUSD Can See $680 Levels In Near Term - 4 Hour Chart UpdateETHUSD has been moving nicely higher since my last update on it -->
So if anybody got it, you should be doing well.
Currently, ETHUSD has broken the important falling trendline to the upside which could indicate more strength overall.
However, I am now looking at 2 potential possibilities EHTUSD can do.
First one will be the more corrective nature. Markets tend to retest the broken trendlines first before they start taking off. So it can be the case that ETUSD goes for a deeper correction into the 50% Retracement area first before turning higher.
The second possibility will be a direct breakout higher. If it takes the short-term trendline to the upside without making a new low below 574.82. I am expecting EHTUSD to rally to at least the areas of 665.36 and even higher before it should pullback.
At this stage, it does not really matter which path it takes to be honest because either way, I am expecting more upside.
Hope this helps and I wish you all a nice weekend.
Cheers
Technical Analysis of Etherium (ETHBTC)1)Etherium is taking support at the 50% Fib. Retracement as well as on the short term uptrend line.
2)It will again try to break the 38.2% Fib Retracement level which will act as immediate ressistance and once it doesn , the next resistance is at 0.094096 BTC.
3)Once it crooses 0.094096, the next major resistance will be 0.123277 btc.
4)On the downside, if the minor uptrend line breaks,it may test 0.066103 btc level then the next support will be 0.054139 btc level.
ETHUSD - rising wedgeThe price is currently trading within a rising wedge, it is very likely that the price would breakout the support of this rising wedge. The RSI is in a position that supports a downward move and if the price does start to move down from here the next major support is at around $364. I would keep everyone updated on my findings on this pair.