ETH: Possible Head and Shoulders Short Opportunity!Ethereum is currently painting a possible large head and shoulders pattern that could lead to lower prices if bulls are not able to secure this area. A head and shoulders is created when we see a large inflation in price after a small consolidation, then a large drop, which is then followed by another consolidation phase.
We believe that if played out correctly, a drop of about 15-20% can occur based on our observations.
Please take a look at our previous post on Ethereum's bullish and bearish cases:
Trade Safe.
X Force
ETHEUR
ETH: Bullish Case Negated? - Bearish Confirmation? (Aug. 22)In our previous update, we have mentioned a possible ascending wedge that may have secured the psychological support at $400 USD; however, with Bitcoin confirming a change in trend with a clear bearish divergence, Ethereum is now following the footsteps of Bitcoin's price action:
Technicals:
1. Support is now turned to resistance, possibly.
2. RSI is creating higher lows and struggling due to Bitcoin.
3. A possible consolidation above $350 can create a possible HnS pattern (Head and Shoulders)
4. If played out, we can accumulate more ETH at sub $300
Trade Safe.
X Force
Ethereum / Dollar may rise 1638 - 2182 pipsOur pivot point stands at 427.29.
Our preference
The upside prevails as long as 427.29 is support.
Alternative scenario
The downside breakout of 427.29 would call for 418.26 and 412.89.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 426.37 and 418.24). Finally, the Ethereum / Dollar has crossed above its upper Bollinger band (433.55).
Supports and resistances
467.20 **
461.76 *
456.31 **
450.87
434.49 last
430.84
427.29 **
418.26 *
412.89 **
ridethepig | ETH Market Commentary 2020.07.24⚡️ ETH Fast Flows...
A very technical picture here... The traditional rule for BTC and other major cryptos, when the tide rises all boats rise. In order for this to be successful, the terrain on which we move forward must somehow be positive for Crypto as a whole. The characteristics of confidence in public assets is diminishing, various capital movements are screaming precisely that.
For example, here the pullback was so shallow we are forced into playing the momentum gambits which continue from that point onwards. So the next flow to consider here after the break of the fortified sellers defence is for a test of $300.
All the operations will create new threats and strategically valuable areas which will strive to dissect although with very moving markets it can be difficult go get the ideas published here in time. The fact that BTC is gunning for $10,800 is very positive and clear proof of the underlying strength of the crypto crowd.
Note also the manoeuvres on the break which often become pivotal!
As usual thanks for keeping the feedback coming 👍 or 👎
Ethereum: Long Term Reversal Pattern Analysis 1W (Jul. 25)X Force Global Analysis:
In this analysis, we explore Ethereum's weekly chart, exploring bullish proabilities through technical analysis.
Analysis
- The first thing we can spot is how oversold Ethereum (ETH) is from its all time high point.
- Ethereum has and has been dropping for almost over a year, having bottomed out at around 83 USDT
- In doing so, it has created an Adam and Eve pattern, a well known bullish reversal pattern
- The neckline of the pattern is located at 370 USDT, marked by the dotted green horizontal line
- We have seen prices break out from the descending trend line resistance, marked by the dotted white line
- This indicates that Ethereum has completed its phase of consolidation from a descending triangle pattern that has formed during a downtrend
- Other signs of bullishness can be shown through the Exponential Moving Average Ribbon and Ichimoku Cloud
- The EMA Ribbon has formed a golden cross for the first time, marking the beginning of a potential bullish rally
- Prices are also trading above the EMA ribbon, indicating strong support
- It's also important to note that we have broken above, and are currently trading above the Ichimoku cloud as well
- Based on the long term Fibonacci retracement, we could expect strong resistance at 400 USDT
- Combining all evidence with the Adam and Eve pattern, we could technically expect the pattern to play out up to 760 USDT for the long term
What We Believe
We believe that Ethereum's outlook is extremely bullish. While is is temporarily lacking momentum due to recently having broken out, technical evidence for the long term suggests probabilities for a bullish rally with huge upside potential.
Trade Safe.
ridethepig | ETH Market Commentary 2020.07.23The number of available entries in ETH, to a certain extent compensates those short-term speculators as we can get this to $300.00 relatively quickly with no more protection.
=> As the saying goes.. ' A rising tide lifts all boats '
This illustrates the play on the BTC wings. It is also characteristic for the fearless to generate alpha and neglect sellers weakness across the major cryptos. ETH will benefit from the general optimism around the Crypto board as well as the latent dollar weakness. I wouldn't be surprised if we saw more ETH buying, especially since EOS is likely to remain in first gear for the foreseeable future.
Here $250/$255 is the preferred entry.
...a momentum break above $270 is also worth considering if we are unable to get enough size on the pullback. There doesn't seem to be any significant resistance level from here, will track $300.00 as a healthy target.
Thanks as usual for keeping the feedback coming 👍 or 👎
ETH/USD (Bullish Daily Pattern?)ETH/USD
-price action has been making a series of Higher Lows
-and a clear flat area of resistance making an ascending triangle
-to confirm this pattern, we need to see a break above the area of resistance
-if that happens, buyers will start to jump in to move the price higher
-technically, bulls have the chance to win this game in my opinion
-but let us all wait for the confirmation before making a big decision :)
Ethereum Chart Pattern AnalysisChart Pattern Analysis
Falling Wedge - A bullish pattern that begins wide at the top and contracts. A bullish reversal pattern.
Descending Broadening Wedge - A bullish reversal pattern, Expanding cone, often mistaken for bearishness due to its downward sloping nature. But this pattern is definitely bullish. As seen on chart.
Rising Wedge - The opposite of a falling wedge, a bearish reversal pattern. Begins wide at the bottom and contracts.
A very speculative chart for Ethereum, i just like the look of it.
I believe The alt coin market and general cryptocurrency market is setting up for a bull run
Enjoy
ETHEREUM USD - forms a bull pennant.The ether forms a bull pennant.
More likely exit is up, but I do not exclude the descent to local and main support.
We also have a channel:
- Local resistance 247
-Main 251
Breakdown and consolidation above 251 - will mean the continuation of a strong upward movement
Support:
- Local 239
- Primary 235
Breakdown and consolidation below 232 - for me it will be a fracture of the upward trined to the downward.
This is just my opinion, and is not a call to action)
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Ehereum Ready For 55% Upward ride (Already 19% Up from 1st EntryHello dear subs!
Let's have a look on this #ETHEREUM chart.
In my precious update I shared this setup and the price surged 19.49% after the update. So I can understand most of you missed the entry. so I will Update new Entry for You guys.
It’s Subscribers like you that make my IDEAS awesome. Thank you very much for your unwavering attention and support so far. Cheers! and welcome to this new update.
Let's GET BACK TO THE CHART and keep it short and simple.
#ETHBTC TA Update:
Ethereum Is looks very good for long setup in BTC pair.
According to TA strong bounce back from our Entry Level at 0.02140 BTC Strong support and we are in 19% Profit
So far but still Strong Potential for upside.
Support : 0.024450/0.020800 BTC
Resistance :0.02610/0.0313/0.0386BTC
buy If Down side Any moment happens then i can expect 0.0244 BTC for Re test of trend line.
so ETHBTC is supper Bullish according to me.
if first we will breakout upward 0.0261 BTC and candle close above this line then we can see again 100% we can s in ETHBTC.
so guys be ready with your bags.
1st Entry : 0.0210-0.022 BTC (19.49% up)
2nd Entry : 0.02400-0.024500 BTC
Targets :0.02610/0.031374/0.0386 BTC
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ETH/USD (Early Sign of Breakout?)ETH/USD
-entering the 1st stage of a potential breakout stage
-holding above the candle body of new potential support
-currently, there is minor resistance at 225s
-we buy only if this minor resist is broken to the upside
-target upside is up to 288s
-the trading priority remains in the bullish side
ETH/BTC (Potential Trend Change on 4H chart?)ETH/BTC
-currently, the price action is trading just above old resist
-retesting the old resistance to turn into new support
-if we can break the minor resist at 0.0222 and closed
-the best position is Long and targets the swing top
-you may want to open an alert on Tradingview
-and wait until your plan is triggered
-have stoploss place under 0.0215