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Etherium

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.
BITFINEX:ETHUSD
by Elliottwave-Forecast
1
#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
BITFINEX:ETHUSDLong
by TradeFxTrends
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.
Long
by sumeet007
ETHUSD - Downside Risk Can Be Limited!Good evening Traders, Like I have been warning you guys of a potential head and shoulders pattern in ETHUSD. It got confirmed with the break below the neckline. --> So I am expecting now more downside to follow the areas mentioned above. From there it should give us a bounce higher. That area will be the completion of the head and shoulders pattern. So a recovery can be seen higher. Lets see. This view will be invalid once it breaks 355.93 low. Disclaimer : Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:ETHUSDShort
by TradeFxTrends
ETHBTC support - resistance and price directionETHBTC Daily Chart I think, it'll try the bottom support line (blue line) again. If the support breaks down it may fall to red support If break up the trend line, it move to a new hill ***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 .
by KasaDairesi
Etherium Analysis [UPDATE 23-05-2018]After a shaky start, we have reached our profit taking area on ETHUSD as expected. This was a 3:1 trade with a 14% ROI and therefore taken partial profits. Where to next? I would anticipate profit taking to take place now and see a retracement. A likely place would be a re-test of the previous consolidation zone around the $690 to $705 area, which is also the neckline of the head and shoulders pattern. Yes, this is not a traditional neckline for a head and shoulders pattern, but that's a explanation for another day. Let's just say you will be in a position before the "traditional" head and shoulders traders and able to move to break-even sooner. With projected profit targets still on the table, entering a short trade from this consolidation zone would offer a very good risk to reward (4:1) and ROI. The next profit zone for ETHUSD is $524 . This is the projected target of the head and shoulders pattern. There is confluence at this area which resides just above a previous consolidation zone (origin of a breakout pattern where demand exceeded supply) and the 61.8% retracement of the move from the April lows ($355) to beginning of May highs ($840). As the overall crypto market is in a down trend, we must assume selling pressure is to remain. A solid break of the consolidation zone between $715 and $730 would result in a re-evaluation of the bearish assessment. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Short
by hedgewithcrypto
ETHUSD - Head And Shoulders Pattern In Progress Or Not?!Hello Traders, ETHUSD is in a sideways range between 837.08-636.79. I am looking for a potential head and shoulders pattern. But the right shoulder is currently in progress. I am looking at 2 possible scenarios drawn in the chart. The first is the black one, in case the head and shoulders pattern get confirmed I would be looking for more downside. The second one is the orange one. As long as it stays above 636.79 there is a chance that the market just keeps extending higher. Let's see. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view. Hope this helps.
BITFINEX:ETHUSD
by TradeFxTrends
5
STEPPING STONE STOCHASTIC STRATEGYStep #1: Identify a strong trading market that has a clear bullish trend The first step is to identify a strong trading market that has a clear bullish trend. Our team at Trading Strategy Guides has discovered that you can benefit more by using the stochastic indicator to trade pullbacks rather than trying to pick a falling knife or to jump in front of a train. Consequently, you want to find a strong trading market' Step #2: The Stochastic indicator needs to develop a double bottom pattern. The second bottom has to be higher than the first bottom. It’s critical to make the difference between the double bottom price pattern and the fact that we’re looking at the stochastic indicator to develop a double bottom. The other condition is that we need the second stochastic swing low to be higher than the first bottom. Step #3: Both stochastic swing lows need to be in oversold territory below the 20 level A stochastic reading below the 20 level suggests that the market is oversold and there is a high chance of reversal. Many times a market can remain in oversold or overbought territory longer than you can remain solvent which is the reason why we have put in place the other trading rules so we can avoid this situation. Step #4: Look for divergence to develop between the stochastic indicator and the market price Before we go any further than this, we need to clarify one thing. The way people trade divergence is by using a variety of momentum based indicators and measure or compare when the momentum indicator and the price diverge. In other words, when the price makes a lower low but the momentum indicator fail to make a lower low and instead makes a higher low then we have a situation where we have divergence. So, what type of divergence we want to see? In plain English, we look for the price not to drop that much compared with the stochastic indicator. Notice how the stochastic indicator is falling very fast into oversold territory, but the EUR/USD exchange rate is dropping at a much slower pace. Note* the stronger the divergence between the stochastic indicator and the price the better the buy signal can be. Step #5: How to trade stair strategy: Buy after the second bottom develops a stochastic crossover The trigger for our entry is quite simple. Once the second bottom produces a stochastic crossover, we jump straight into the market and start buying so we won’t miss a great entry opportunity. In this scenario, our entry is as close as possible to the end point of the retracement. Step #6: Place the protective stop loss below the last swing low. Take Profit when the slow stochastic moving average enters in overbought territory above 80 levels. Place your protective stop loss 10 pips below the last swing low. We’re adding a buffer of 10 pips to protect ourselves in case of any false breakouts. Usually, our stop will be very close to our entry price which is the reason why this swing trading strategy is such a great entry technique to keep your losses small. You really can use any type of exit strategy as you wish Where to take profit is also quite intuitive using the stair step chart pattern. Once the stochastic slow moving averages enter overbought territory or when it touches the 80 level, we want to cash out. Alternatively, if you’re going to try to stay longer in the trend you can try our 10-day breakout strategy. Note** the above was an example of a BUY trade using the stepping stones strategy. Use the same rules for a SELL trade – but in reverse. PM me if you want to read the complete strategy.
BITFINEX:ETHUSDLong
by Tradingstrategyguides
ETHERIUM - Buy Opportunity - 44% ROI - 6.5:1 Risk/RewardReasons to buy on a breakout from the consolidation zone: Valid break-out pattern with a clear consolidation zone (squeeze) Steady accumulation and increase in volume Smaller time-frame breakout patterns to the upside have hit target (trend continuation) High return on investment (44%) with 6.5:1 risk/reward Please leave a comment and a like if you agree with this analysis. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Long
by hedgewithcrypto