Etherium
Ethereum LongIdea: Ethereum long to the next resistances area. Looking for upside to 350.82.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
{BUY SIGNAL - 1:12 RISK:REWARD] ETH/USDT Support bounceAfter a big market gap a shy up trend has been forming in all markets including Etherium, Stoch says that people are buying more, so we can see a possible up movement all the way to the 271 levels, the 265 and 253 resistance levels should be watched closely when tested, if failed you should place a stop-loss using the resistance as reference - 1 ATR + 10% works fine.
Ethereum Ready For A Bigger Correction?Hello Traders,
As we also published a bitcoin daily chart, we wanted to share also the ethereum daily chart. We expected ethereum to reach the $396.24. Now, we are expecting a bigger correction as long as it stays below 396.24 (Invalidation level). When it breaks 396.24 we need to readjust our view!
We won’t be surprised when ethereum corrects to the 50% Fibonacci retracement which comes at around 212. Our Intermarket analysis is indicating currently that ethereum has a potential to correct the $0 line, which basically means that it can correct from $0, 38.2% or more.
Obviously, we don’t know whether it makes a bigger correction or not, BUT our intermarket analysis is indicating it, so we won’t take any long position at this stage anymore, as we made good money last month.
We don’t like selling it we will be now on the sideline.
Hope that helps
Cheers
Pennant brings us a BOOM, but in which way?THE IDEA: Time to LONG etherium till 314$. Deadline 06.08.2017.
REASONS: Now the market is in a tight squeeze and I expect a BOOM afterwards. A BOOM can be in two directions. Therefore in such cases I close my positions and wait to see what will happen next (Pennant Strategy). In this case it is different. I feel that the BOOM will be up, because of 2 things. First, correction (the fall) is complete. And second ETH survived a massive theft.
ANALYSIS: I expect ETH/BTC to go around 0.1. And BTC/USD to go around 2364$. Therefore I check 0.1 * 2364 = 236.4 for ETH/USD. And when I look at the chart 236$ looks nice and achievable. Because of pennant strategy, I look at momentum tops of Awesome (AO) and conclude that the direction is LONG. Safe target is 236$. Once target is achieved, the market may twist (however, I expect a continue on rise).
STRATEGY: Watch it to reach 236$ and then look for more improvements. If it is going up keep your positions, if the twist signal is shown, close it and enjoy profit.
Cheers.
ETH/USD Higher Lows Mark the Current StructureETH/USD Higher Lows mark the current structure for this pair since the July 29th low near 175 unable to push lower and bouncing swiftly to the current price 255.38.
Now ETH/USD looks to have all the Bulls men along for the ride back to 2017 highs @419.90. @CryptoSeraph
ETH/USDT Recovery after strong riseThe course is recovering slightly after a strong rise. He had finally broken the resistance at 234. Currently we are hanging between the old often confirmed resistance at 265 and the 0.382 Fibo at 240. I think the uptrend is now confirmed and the takes a bit of swing for the next one to break through.
ETH Still in a Triangle - Bullish Bias - Higher Low - Watch BTCAs per chart - I longed at $228.00 so have wiggle room for a stop.
Price will follow BTC's trend - currently driven by Quarterlies once again.
Be sensible and wait it out if you don't want to risk being chopped out.
Anyone shorting in the $220-230 range on full margin will have issues if we break out north.
Expect the short squeeze to break a lot of overhead resistance if it unravels - this will destroy the $280 resistance zone - don't get trapped.
Stops in sensible places and act to the downside if it happens - theres always two sides to a trade - plan for both!