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Etherium

ETHEREUM more correction expected for the price ❌🧨Hello 🐋 the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨 if the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨 if breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨 brief amount of green candlesticks to the upside before any other movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
8
ETHUSDT 1DETH on the daily continues to move in a range between 2020.29 and 1741.43 and has not reached the lower boundary which would be 1690.32, where in addition to being a smart money support region it is also where the MM100 is. It may not arrive, even because its stochastic RSI is indicating deep exhaustion of selling forces, which could break the upward accumulation triangle. . After the recent Shapella update, daily stake deposits increased by 500%. Despite the withdrawal requests being mostly from centralized exchanges, the data suggests that the withdrawn ETH is mostly used for internal operations rather than sales. .Main support levels : 1741 / 1690 Key Resistance Levels :1860 / 2020 MM100: 1690
Long
by ferulianov
Ether: supported by meme-frenzyThere have been some interesting developments with ETH`s price during the previous week. Namely, nobody has expected that meme-frenzy will hit the market for one more time. It has been supported by the release of a new SpongeBob token on Thursday, whose price surged by an incredible 600% during the first few days of trading. At the same time, Pepecoin surged by more than 120%. This meme-mania supported the price of ETH, however, it impacts less coins in circulation, since more ETH`s is burned in order to support memes. At one moment, the price of ETH reached level of $2.020, however, the coin is finishing the week around $1.9K, with prevailing selling orders. RSI continues to move around the 50 for the last two weeks. It seems that there is no strength for a move toward the overbought side, due, most probable road in the coming period would be toward the oversold side. Moving average of 50 days continues to diverge from MA200 counterpart, still supporting the Golden cross, which is positive for the coin. As per current charts, ETH will start the week ahead by testing the $1.850 support line. Whether there will be strength to break this line, will depend solely on a volume of selling orders. On the opposite side, there is a lower probability for the price to reach $2K, still levels above $1.9K might be shortly tested.
BITSTAMP:ETHUSD
by XBTFX
TECHNICAL ANALYSIS is the new KING ok here me out. i'll go straight to point this message is for the newbies (oldies gonna hate) what is pure Minimalist Technical Analysis Trader ( MTAT : i just made this up) -it is when u leave out all so-called indicators and focus on the chart -some of these indis are: MACD, RSI, ATR, STOCHT.... -it's when u leave out the FUNDAMENTAL analysis and focus on the chart pattern - i'm talking here about financial news and garbage flash news - didn't u sometimes realize that a news come out, but the dollar act contrary to the news it-self? HOW TO APPLY this MTAT ? let's be practical, but first u need to watch so many charts until ur eyes pops out (it's a prerequisite). 1- always pick a 4h-time frame chart 2- always brush ur teeth before bed time 3- always look for a bullish pair to trade (this is essential for the plan to succeed) 4- after identifying the bullish pair, start looking for SUpport & Resistance...but never make the chart too complicated, u really need like 2-4 lines drawn only 5- after u draw the S&R lines, look for retracements (the pair is going down slightly) 6- use the FIBONACCI drawing tool and draw from the lowest to highest point (before the retracement) 7- it's best to focus on the 61.8% line 8- look for a confirmation candle: a- a red Bar, which the low point of it touched (crossed) the 61.8% Fib line b- followed by a green bar which closed ABOVE THE fib 61.8% line c- place ur buy trade when the green candle closes 9- how to set your target: a- use the (-61.8% or -100%) FIb levels or b- use the Resistance line u drawn previously now the question is, do u really need MACD or RSI or STOCH? of course NO, if you google it, u'll know that these reflects previous price actions? so why use it for FUTURE price actions? what to do when big news are coming out? IT WILL ACT ACCORDINGLY THE PREVIOUSLY SET CHART PATTERN...this will never fail you DO YOU PLACE STOP ORDERS? NEVER, never put pre-set stop orders, you should be active on ur screen and wait for the price to fall to the price u set as a stoploss, AND CLOSE TRADE MANUALLY WHY?, because when we have big news, we have volatility the pair will go up and down so hard to close all stoploss orders then it will continue to obey the technical chart pattern as a fukn slave! let's practice: use the FIB Ret tool: identify the red and green candle: place your buy order: et voila.... #STOP_BEING_POOR
XEducation
by meez_PremiumNOT
2
ETH, Up or down? lookDaily Time: The price is in a triangle pattern . We have two views: 1. A bullish view that with the breaking of the upward triangle can move towards the targets of 1600, 1750 and 2000 . (according to the movement we drew) 2. A bearish view that can touch the 1000, 900 and 800 targets by breaking the downward triangle. (According to the movement we drew) Important: Because the triangle is formed in a downward trend, the possibility of falling and decreasing the price is more likely, and this triangle is likely to be broken downwards.
by sina76m
2