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Etherium

Etherium about to explode or $1700 incoming?Hello All. Looking at ETHUSD on the weekly timeframe, we see that Etherium is inside (the yellow) descending wedge/falling channel which is a bearish pattern. Etherium is currently approaching the resistance line which sits at $2700. If etherium can break this level and get back inside the (white) ascending channel, it will be a bullish sign for etherium. It is vey possible that etherium price recovers, if we get more volume and since the weekly stocastic rsi is in the oversold territory. However, If we fail to break this level, Etherium can go as low as $1700, which many traders anticipate. This will be a 42% drop. The $1700 level corresponds with two key support indicators: the fib level 78.6% and the 200 week EMA. Stay open to ups and downs, and read the charts without emotions. Thanks for reading, and stay tuned. Enjoy.
COINBASE:ETHUSD
by EdgarTigranyan
7
Megaphone pattern ethusdt 15m Chart bullish i Found a Megaphone pattern ETHUSDT 15m Chart read detail about Megaphone Pattern A megaphone pattern is a pattern that consists of a minimum of two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work. Megaphone pattern is a pattern that consists of minimum ofo higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Megaphone pattern is known to give multiple trading opportunities to the trader. This pattern also can be traded when it fails but is necessary to identify the failure perfectly. Sometimes only pattern is not enough to take best trading decisions you may need multiple indicators to identify better entry and exit points
Long
by BasharatAliMaher
ETHBTC AnalysisETHBTC chart shows that after a long downtrend, it was able to break its downtrend line in the second half of January 2020. It is currently moving in its long-term uptrend. ETHBTC has not been spared in the recent fall and has undergone a sharp correction, which has seen the price below 3,000 theter. The ETHBTC is currently near its uptrend line. It is expected to move upwards by hitting this upward trend line. A return from the 0.071 price area, where both static and dynamic support is located, is likely. Now, if this support is lost and the uptrend line is broken down, the price trend will be down. Upcoming supports include: 0.071 0,065 0,060 If moving upwards, the resistance ahead are: 0.079 0.083 0.088
by shahramentezari
$2700 Etherium incoming according to this specific pattern.Hello all. Here is a quick Saturday morning market update on the Etherium price and where it is heading. Looking at ETH on the daily chart, we see that we have fell below the 200 EMA and also broke bearish from the descending wedge. In my previous Eth update we predicted that Eth can fall to $3200 level which is already confirmed and as we are currently trading below this price. The drop is not over yet and here is my predicted target: If we extrapolate a measured move for this descending wedge pattern and align it with the breakout point, we get a price target sitting at around $2650-$2700. One important indicator that also confirms this price target is the fibonacci retracement tool. The fib golden pocket also sits exactly at $2650-$2700. The long white support line which corresponds with the fib golden pocket and our measured move target also corresponds with the $2650-$2700 target. (Image listed below in the comment section). Based on these analysis I believe that Etherium is due to another 15% drop, maybe this weekend. I hope and believe that $2700 level is a strong psychological level and that Etherium will find support at this level. I recommend not to fomo in and wait for Etherium to bottom out first. Thanks for reading, and stay tuned. Enjoy. Check out this educational material on Left Brain and Right Brain trading and how it applies to trading:
COINBASE:ETHUSD
by EdgarTigranyan
3
Polkadot or Etherium?Straight to the point. In my opinion DOT will be a better performer than ETH this year. As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices. The 1.618 fib level is not out of the question in my opinion. This would put it's USD price at $183 if ETH is at a $5k price tag.
Long
by CryptoNCoffee
ETH/USDT UPDATE! BEAR FLAG!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH/USDT update. ETH looks bearish to me as of now. It's currently trading inside a bear flag structure. If this pattern plays out perfectly then we see a 10-12% drop in the price of ETH. Currently, it's trading above $3800 and I'm expecting a drop from here. I'm expecting ETH can drop up to $3300-$3400 from here and after that drop we might see a quick bounce. If ETH breaks and closes above $3950 then this scenario becomes invalid. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1