Etherium has dropped perfectly to our major support!Etherium has dropped strongly after breaking our major resistance level and is now right on our major support level at 778 .62 which is a fibonacci retracement, extension, overlap support and has bullish divergence level.
Our next major level of resistance is at 907.45 which is similarly a fibonacci retracement, extension and overlap resistance level.
It is worth noting how stochastic has bounced off our 6.5% level multiple times and we could be seeing another such bounce line up.
Etherium
Sooo close BUT, ETH Will NOT be completing a H&S patternTake a look at the 4H chart showing what could have been a H&S pattern sending ETH down BUT, notice how:
1)he last few bear candles are retracing and
2) how MACD is turning bullish and
3) how the 20EMA is acting as support and
4) how 50EMA just crossed OVER the 100EMA
We should be going UP UP UP.
What do you think?
Here's the reason why it's so hard for ETHERIUM to reach 1k USD!Hello beloved friends!
D4rkEnergY is here with a quick update on Etherium. We are taking a look at the 2h ETHUSD Chart.
As you can see we had this crazy bullrun in December to mid January, where we reached our All Time High at almost 1,500 USD. I've made The Elliot Wave count 1-5, and also the Elliot Wave-correction A-B-C. As you can see we had a retracement to Fibonacchi 78,6 % level. This is pretty normal, especially taking into consideration the previously mentioned crazy progress.
We are at this very moment steady climbing slowly forward, but as you can see, we are again starting to lose momentum, and an ascending wedge on the chart AND on the RSI is taking form, which both are bearish signs.
Expect therefore that we will go down.
So the clever person out there, are probably thinking, why is that? D4 has an answer. He has to take you back to the Elliot Waves. If we look closely, we havent really had a descent retracement after our new uptrend after the ABC-correction.
Therefore, we need again to go lower before we can go up again!
OUT
D4 loves you all, and appreciate all of you guys out there following him! <3
ETHUSD Plenty still to be made, even if you missed Tuesdays callThose who followed our call from Tuesday are well in profit and due to bank some money soon. For those that missed out (or want to add some more its still possible).
ETHUSD has rallied nicely from November to early January (The first Orange arrow), then retraced until early February (The second Orange arrow). We love retracement it is healthy and show a market working well.
It has then bounced off a three prong area of support being the Blue line 662.98 Support, the 78.6 Fib retracement (Blue line overlaid) and our 200 ema (Green line). This area circled in yellow. It has immediately put in a strong buyers bar and pushed up. We are now well into the move (and soon banking profits from Tuesday) and I normally wouldn’t enter here. But we have just broken and retest the 20 and 50 ema and closed above. It’s a nice bullish sign. It is always a bit more risk buying this far up the leg, but on this occasion I will take the chance.
BUY 946 (high of yesterdays bar)
SL 776 conservative, or 890. Very aggressive (Bigger winner, more chance of losing)
Target Unofficial 995, it’s always good to come out before round numbers 1000 but this recently battered and will have lost some power
Target 1 1121
Target 2 1230
Target 3 1363
To make dollars your decisions have to make sense; We are entering well into the move up which increases possibility of loss. You need to decide if that suits your personality It’s a long way to Target 1, if you want to bank some early you are welcome to.
Ethereum is about to have a bad dayBlue: Resistance from Jan 29 onward.
Green: Major resistance formed by neckline, which has already been rejected recently.
Pink: EMA55: Dancing on a fine line with the EMA, and struggling to get above it.
Orange: EMA200 - Also, fighting to get above it.
Red: Most relevant support to watch. Quickly coming to the apex of the wedge formed by all support/resistance lines.
Light blue: Major support formed by inverse H&S already broken.
Yellow: Volume is in the gutter and down trending.
I don't see any saving grace for Ethereum right now. We are still in a bear trend, and the bulls do not have the volume to push out of this apex with massive upside resistance.
See previous analysis for where I think we are headed. We did break out of the rising wedge downward as predicted.
ETHUSD - capitulation imminent!This is my first chart published here. Privately, among a few other traders, I've been maligned for my bearishness since the holidays. I was calling for a healthy bias check of the overwhelming bullishness among small traders and adopters in the market.
As you can see, I've drawn up where there is showing support, but the bears are still very much in control of this market. ETH is still tied to BTCUSD's fate, but I still believe it will remain strong over the longterm, creating a wonderful buy in once our qualifiers are met. Right now, we don't want to catch this knife. I have seen $650 as the threshold to be crossed for capitulation and $500 is our despair floor. We can always go further, but we should see some good back and forth here for a bit.
Charts aren't everything. I look at them this way: Charts are Tarot Cards, in that there's a fair amount of chance/luck involved, but we are all looking at a similar set of cards. Along with news, great projects, sentiment, we can use charts to trade with a bit more confidence.
I'm just putting this out there. I am not a seasoned trader by any means. I traded options in '09 and '10, and am new to crypto, but I love the volatility. Loads of opportunity here once things settle down again.
Good luck out there.
ETHUSDDon't try to catch this falling knife. Since before new years I've been calling a correction in the midst of this outrageously bullish crypto community. Here we are. I'm looking to jump in on ETHUSD in the low 600s as BTCUSD looks to cross below 6.5k.
RSI indicators showing severely overbought, but due to overall sentiment, we could churn at these 600-900 levels for a while.
Lets see if 700,- holdsI'm currently on the sidelines after 1000,- broke and recent higher low around 1300, suggests more downside. Bollingers are also capping upside which usually means it will either stay for a while around the 700-900,- level before more upside or push it back to around 400,-
If you have a long bias I would be cautious jumping in here.
ETHEREUM (correction is continue)Hello Traders!
Very interesting moment! We opened short order, near of local invalidation 1274.37
Present time, waiting the breakthrough of local balance, then downtrend have to continue.
Target: 850.00
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ETHBTC All time high confirmed by Roger OliveiraFollowing my previous analysis a few months ago (check my other ideas) ETHBTC has followed my analysis perfectly.
And I see ETH passing BTC in marketcap in a few months, reaching then the TOP 1 coin.
Stock RSI............ reset... perfect!
RSI........... ok
CCI .......... ok
Hope you get profits!
ETHUSD long signalHi traders, after few weeks of market correction, I can see a buying opportunity on ETHUSD now.
Price came all the way down to 800 level to test the 0.618 Fibonacci as well as the 50MA. It then went sideways for some time and created series of higher high candlesticks. EMAs crossing over and 2 strong bullish close indicates that ETH is ready to go much higher. My target for Ethereum will be around 1800-2000 by the end of February. I will wait for some pullback on H4 timeframe to execute the trade. More information about this pair will be updated. Thanks for your time !
ETHEREUM (Uptrend to 1400.00 -1500.00)Hello Traders!
Very interesting moment! We opened buy order, near of local invalidation.
Present time, waiting the end of correction & buyers balance, then uptrend have to continue.
Please, do not open buy orders, at this moment! Very risking situation!
Best regards, team traders "Powerful Traders".
ETHEREUM - GLOBAL FORECAST 2018-2019yy.Hello Traders!
Glad to present 1variant of Ethereum cryptocoin priceaction.
We believe that the future price of this one will be near 1500.00 - 1700.00 for 2018y.
Obviously we can see 2000.00, but incredible 2600.00...)))
If you like ours EWA/EWP, then we'll show you 2-nd variant of approximately way of priceaction!
Please be aware that, trading craft is always risk!
Sincerely yours, team traders "Powerful Traders".
ETHLendETHLend looks very bullish to me. Just know there is a coin like that. It is very new and "FOR ME" it is a good coin.
Official website following:
ethlend.io