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Ethereum (ETH) - October 13Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- Around October 13 (October 12-14), I touched the 390.0 point, an important point. You need to see if you can get support at the uptrend line (5) and move above the 390.0 point. Since we're in a position with nowhere to retreat, I think it's paramount to get support at the uptrend line (5). If you fall from the uptrend line (5) and touch the 371.0 point, I think you need to trade to preserve the profit and loss. If you break through the downtrend line (9), I think there is a high possibility of an upside to challenge the 502.66 point. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.
BITFINEX:ETHUSD
by readCrypto
Ethereum (ETH) - October 10Hello? Hello, traders. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- If it falls, you need to make sure you get support at 371.0. If it falls at 371.0, it is a short-term stop loss. It remains to be seen if it can rise above the uptrend line (5). I think that the rise above 371.0 points has boosted expectations for the rise. However, I think we can expect further price increases only if we gain support by rising above the 390.0 point, which is an important point. Therefore, I think new entry should be cautious. You need to see if you can move above the 385.68 point around October 13th (October 12-14), or if you're falling near the downtrend line (8). You must check if the additional volume increases. -------------------------------------------------- -------- (ETH Dominance 1D Chart) Due to volatility around October 9th (October 8-10), it deviates from the downtrend line and is supported by the uptrend line (2) and is rising. If it is located above 10.99, the movement to create a new wave is expected to continue. I think it's good to get support at the 11.70 point or higher to give you a clearer look. So, if it falls below the 11.70 point, it is a short-term Stop Loss. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
5
Ethereum (ETH) - October 7Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It fell below the short-term downtrend line (8). You need to see if you can get support and rise at the uptrend line (4). It is possible to gain support and rise from 302.70-318.16. However, I think it's a little bit more likely to decline. Therefore, if it falls at the uptrend line (4), it is a short-term Stop Loss. I think the next volatility period is likely around October 13. -------------------------------------------------- - (ETH Dominance 1D Chart) You need to see if you can get support at the uptrend line (2) and rise above 11.70 points. You should also watch to see if you are moving above the uptrend line (2) around October 9th (October 8-10). If it is located above the 10.99 point, we are expecting movement to create a new wave. However, if it is supported at 11.70, the size of the new wave is expected to be large. Therefore, I think it is most important to rise along the uptrend line (2). If your ETH dominance falls below 11.70 points, you're more likely to touch 10.99 points, so you need to trade carefully. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
1
Ethereum (ETH) - September 27Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We need to see if it can move up by breaking the uptrend line (5). If it falls, we need to see if we can get support at 350.63. You'll have to see if it breaks through the 371.0 point or 318.16 point around October 2nd. It is not expected that it will not be easy to cross the 371.0 point, but if it does, a lot of gains are expected. If it falls at each trend line, it is a short-term Stop Loss. -------------------------------------------------- - (ETH Dominance (ETH.D) 1D chart) It is on the rise with support at 11.70. We have to see if we can break through the downtrend lines drawn on the chart. -------------------------------------------------- ------------------------------------------- I think it is the period of volatility from September 21st to October 1st. Therefore, I think careful trading is necessary. ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
2
Ethereum Dominance (ETH.D) - September 23Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- (1D full period chart) Breaking above the 9.30 point formed an upward trend. And, by breaking through the 10.99 point, we reached a bullish market. We think we are ready to create a new wave by breaking through the 9.30 and 10.99 points, which are important points on the ETH dominance chart. In addition, by touching the important section 13.27-14.26, I confirmed my will to create a new wave. It remains to be seen whether it will gain support and create a new wave at the uptrend line (2) and at 11.70. Also, I think it is important not to fall below the 10.99 point. -------------------------------------------------- ------------- (ETHUSD 1D chart) The ETH dominance chart and the ETH price chart look very similar. It remains to be seen if it can rise above the uptrend line (5). If it falls, you need to see if you can get support at the uptrend line (4). It is struggling as it declines from the 390.0 point. We need to see if we can climb above the 350.63 point. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
CRYPTOCAP:ETH.D
by readCrypto
3
Ethereum (ETH) - September 19Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- The 390.0 point is a very important point in the past. We must see if we can ascend above the 390.0 point. The 385.68 point represents a recent important point. The rise above the 371.0 point gave rise to expectations of an uptrend, and we need to make sure we can get support at 385.68 so that we can continue the expectation of this upside. As the volume decreased and increased, I think the day is approaching when the volume increases as it goes sideways and has to break through the 390.0 point. If it doesn't, I think it's possible to touch again below the uptrend line (5). You need to make sure you can get support at 385.68-390.0 over the weekend. If you gain support above the 390.0 point and rise above the uptrend line (7), we think there is a chance that it will rise above the 502.66 point. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
5
Ethereum (ETH) - September 11Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We have to see if we can ascend above the 371.0 point. You also need to see if you can get support at 350.63, the uptrend line (5). With support at 371.0, I think there is a chance that the challenge to break through the uptrend line (6) will begin. If you decline at the uptrend line (5), you are likely to touch below the 302.70 point. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
5
Ethereum (ETH) - Sep 5Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We have to see if we can rise above the critical point of 390.0 and get support. We also have to see if it can rise above the uptrend line (7). If it falls at the 371.0 point, it is likely to touch the uptrend line (5) or below and 318.16 point or below. You need to see if you can get support at the uptrend line (6) or at 371.0. When it falls from the 390.0 point, if you have traded to preserve profit or loss, I recommend you to watch the situation more. It is advisable to enter after seeing the rise. -------------------------------------------------- I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
1
Ethereum (ETH) - August 29Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It is breaking through the critical point of 390.0. You need to see if you can get support at the uptrend line (7). If you get support at the 390.0 point, I think there's a lot of potential for further gains. We'll see if we can get support at the 390.0 point over the weekend. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
Ethereum (ETH) - August 22Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- You need to make sure you can get support at point 390. We also have to see if it can rise along the uptrend line (7). If you go down over the weekend, you need to see if you can get support at the uptrend line (6) or at 371. If not, chances are you will touch 350.63 points or less. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
Ethereum (ETH) - August 15Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It rose by breaking through the 390 point. It remains to be seen if it can rise above the 457.99 point. You need to make sure you can get support at point 429.24. If you see support at 413.65, it's a short stop loss. -------------------------------------------------- ---------- Coin market volatility period (August 14-17). Therefore, I think careful trading is necessary. I think it is better to observe the flow rather than rushing to trade according to the price flow. I think this is a time when only minimal trading is possible to preserve profit and loss. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
Ethereum (ETH) - August 8Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It fell from the 390 point. If it falls below the uptrend line (6), it is a short-term Stop Loss. At this time, it should not fall below the 302.70 point. To rise above the uptrend line (7), we need to see if we can get support at 371 points over the weekend. If you rise above 390 points and get support, I think there is a possibility to create a new wave to rise above 500 points. So, we need to take a close look at the movements over the weekend. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
BITFINEX:ETHUSD
by readCrypto
4
Ethereum (ETH) - August 1Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------------------- ----- ** This is the status of “Hide” the MRHAB-MY1 indicator, an indicator provided by our channel. ** To check the indicators, share the chart and click "Show" to see all indicators as they were before. -------------------------------------------------- ----------- We need to see if we can rise above the 350.63 point and get support. You should also watch for support on the uptrend line (6). You have to watch to see if you can rise above the critical point of 390. -------------------------------------------------- ------------------------------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BITFINEX:ETHUSD
by readCrypto
Ethereum (ETH) - July 25Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------------------- ----- ** This is the status of “Hide” the MRHAB-MY1 indicator, an indicator provided by our channel. ** To check the indicators, share the chart and click "Show" to see all indicators as they were before. -------------------------------------------------- ----------- It broke through 275.21, which was not easy to break through. You should see if you can get support at the uptrend line (5) and 281.63. Also, watch out for ascending above the 302.70 point. If it does, you need to make sure you get support at the downtrend line (3), at 255.0. -------------------------------------------------- -------------------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BITFINEX:ETHUSD
by readCrypto
2
Ethereum (ETH) - July 16Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- Forming short-term support points, it is supported at 238.16. Soon it is expected to touch the uptrend line (4). We need to make sure that we can ascend along the rising trend line (4). If you fall on the uptrend line (4), you are likely to fall below 50 EMA. In order to continue the upward trend, I think it should be supported by rising at least 248.11 points. In addition, you need to make sure that it rises above the downtrend line (3). --------------------------------------------- (OKEX ETHUSDT 1D chart) -------------------------------------------------- ----------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BITFINEX:ETHUSD
by readCrypto
Ethereum (ETH) - July 8Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. I go on vacation from July 13-15. Charts can be posted from the 16th. -------------------------------------- We need to make sure we can continue the upward trend by rising above the 248.11 point. We need to see if we can get support at the 232.9 point and the uptrend line. -------------------------------------------------- ----------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BITFINEX:ETHUSD
by readCrypto
On a Postive Note - Macro vs. Micro Since Etherum formed its latest bottom of $80 and bouncing nearly 100% the crypto community received a glimpse of hope that crypto may rally once again. Since we were rejected at $160 for the second time I have seen an overwhelming amount of bears come out of the woodworks. I am not posting this chart to say whether I am Bull nor Bear, I am merely here to support explain the support and resistance and to show how & why the ETH chart could turn Bullish. The Macro Resistance: The 160 level marks the .886 fib retracement from $5 low in December of 2016 to the all time high of $1400 in January of 2018. Hence the Macro :) Over the course of the last 2 years, this level has been tested multiple times. The first several times on ETHs way up to its all time high, and then twice more on its way down. So being rejected from this brick wall of resistance on the second try is no surprise to me. The Micro Support: Currently at $131, Ethereum sits on .236 fib extension. Which it seems we are trying desperately to break to keeps getting rejected. This being said, from a Micro point of view, I see no reason to be completely bearish yet. The .236 and .382 trend based extension levels are key to hold to support additional upward movement. So from a Micro point of view thing are looking good. The Macro Patterns: Holding these two micro support levels will also support two possible Bullish patterns. ETH currently has the possibility to for form and complete An ascending triangle pattern & an inverse head and shoulders pattern. Both of these patterns would complete themselves if the .382 support level holds and go up to break the major resistance at $160 Summary: Macro vs Micro - at first glance it appears that the major resistance level at 160 is a huge win for the bears. However with the possibility of the minor support levels holding and the major bullish patterns forming, leaves room for the Bulls to gain some momentum to break the major $160 resistance. My plan of action: I have already exited my long from the $100 level and am hoping to re-enter around $112, as this marks the .382 trend based extension. Only time will tell, and unfortunately this market is in no hurry to get anywhere. Cheers and good luck!
COINBASE:ETHUSD
by oh92
ETH - Volume Analysis The last 9 months for the crpyto market has been a brutal place for the bulls and long term hodlers. Ethereum has seen nearly a 89% drop from the top to the recent bottom of $170. Looking at price action alone, many would say the Ethereum bear run is far from over. However, when taking volume into account, others could say the bottom may be near. - The Analysis - Nearly 8 months went by with crypto spot volume plummeting across the board. However this last month Ethereum, along with many other assets have seen a 200-250% increase in volume. The Ethereum volume on the Bitfinex exchange nearly hit an all time high last week. Looking back the to 2017, these volume levels have only been hit 2 other times. Both of which were local bottoms. The VPSI indicator, or Dual Volume Price Strength Index, measures the strength index of both the bulls and bears. This indicator is showing complete seller exhaustion, with the bulls currently attempting to take over. Data like this again only occurred 2 additional times back in 2017. Taking this volume and price data into account. I believe there is a strong chance that at least a local bottom could be forming here. If this is indeed a bottom forming, and Ethereum continues to break upwards, I would expect the following targets very possible: 280 326 404 Also take note: The last major leg down, Ethereum plummeted nearly 75% before a 130% rally up. Since this local high, Ethereum has seen nearly an 80% drop without any significant movement up. If this is indeed a local bottom, it would support a possible rally to the $400 level I hope you all found this volume analysis interesting and maybe even a little helpful! I wish you all the best of luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITFINEX:ETHUSDLong
by oh92
14
ETH 'Piercing' the 5 Month ChannelFor the last 8 months, ETH has found itself in a strikingly powerful downtrend. It is now down ~86% from its all time high of $1400, and down over 30% in just the last couple days.. Currently Ethereum is piercing downwards out of a 5 month Trendline/Channel. As you can clearly see on the chart below, this is the second time we have found the price below the trendline, however ETH has yet to break a daily candle below the level. Bear Scenario: IF ETH fails to close the fastly approaching daily above this line, I would expect to continue to correct to the next support around $150 Bull Scenario: IF somehow ETH is able to succeed in redeeming this trendline, I would expect a correction upwards to at least the $230 region. It is very upsetting to see this market in such a bearish state. I hope this analysis was helpful to you all, and I wish you all the best of luck. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITFINEX:ETHUSD
by oh92
4
ETH Capitulation - Is there an end in sight? During the beginning of the crypto sell off earlier this year, Ethereum was one of the highest performing alts for a great period of time. I believe this was because during the beginning of this bear market, people were not as hesitant to take risky investments such as ICOs, AND also, many ICO developers were likely cashing out their tokens for Ethereum, all in turn, helped levitate the price. However, as time went on, and the bear trend did not reverse, people began to panic. ICO bag holders went running for cover, cashing out what little was left of their investment. All mean while ICO developer whales realized it may be time to cash out their MASSIVE stacks of Ethereum while the price is still relatively high. All in turn we get Ethereum capitulation. Now I do not know if the end is in sight, however, based on harmonics, we have a possible Bullish Gartley setup on the ETH/ BTC pair. Not only that, but ETHUSD is nearing my first support level buys at 230. Based on my trading strategy, 2 out of the 2 currency pairs show possible support around these levels. I plan leverage against my USD to start building a ETHBTC long. If all goes to plan and ETHUSD finds support, I will start purchasing Ethereum outright. My preferred entry is right at the 1.618 fib level I hope you all enjoyed my analysis! Please let me know what you think in the comments below! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Long
by oh92
2
Third Time's a Charm - Divergence StudyA quick study composed to illustrate the multiple levels of divergence Ethereum has had since November of last year. Based on this study, short term trend changes typically took place at the second level of divergence on the Relative Momentum Range Indicator . The only other acceptation for this, was the reversal from the top this last January. At that time, was so much upward momentum in the market that it took until the third signal of divergence to confirm a trend change. Some of you will say that this happens all the time, which is true. However this typically occurs on lower timeframes. Typically the higher the timeframe, the higher the chance of a divergence signal to lead into a confirmation. Looking at where we are now, we once again have a potential third attempt of bullish divergence forming on the daily chart. By no means is this a signal to buy.. The crpyto market as a whole is going through an extremely bearish cycle at the moment. However, looking closer at the chart you will see that we have potential trendline support around $420. I believe that if we hit this, the divergence line will still be in tack and we could see a potential bounce. For those of you that follow me, you likely notice that this still follows my ETH Fractal idea. I want to note that this fractal still remains a possibility until a lower lower is formed. Some may say it is foolish to remain optimistic in such a bearish trend. You very well may be right. I hope you all found this analysis a bit interesting and I wish you all the best of luck! ETH Fractal Analysis:
COINBASE:ETHUSD
by oh92
2
ETH - The Bottom Could Be NearBefore you read any further I want to state the current market state is extremely BEARISH. There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. I have lost nearly my entire account attempting to catch the bottom on this tumble down. So please do your own due diligence and wait for clear signs of reversal. This analysis is entirely based on fractals, fibonacci retracements, and price ratios. For those of you unfamiliar with fractals, they are recurring patterns that are used to predict reversals among larger, more chaotic price movements. This example I am using fractals to help us predict the bottom and possibly future price movement. The fractals above are highlighted in boxes. From afar they look similar but not quite exact. However by lowering the timeframe on the smaller fractual you will see there is a massive amount of resemblance between the two. After noticing this, I used both price ratios and fib levels of the smaller fractal to help predict the bottom of the current downtrend we are in. Based on that data possible support for reversal ranges from $300-$400. Which is more clearly shown on the chart above. IF this support holds true and the fractal repeats itself, the next bull run could be Ethereum's biggest one yet. Zooming out on the chart above you will see my 3 major target zones. My third target being just over $5000. Fractals are a great tool to use when it comes to trading. Especially on lower time frames. The reason fractals are less likely to work on higher time frames is due to larger variables effecting it. For example the ICO market is being heavily attacked by advertising companies and govermental regulation. Events like this could disable Ethereums ability to gain Bullish momentum. However, the setup is here. So we wait, and time will tell what the future holds. I hope you all found this analysis enlightening in these very bearish times. For those of you worried about the current market conditions, you should be, however the bottom will come in time, When is the uncertain factor. I wish you all the best of luck. ETH tips always appreciated: 0xEEcD7Ce6E22AfA6083074c4CCd326Be0b1C932d9 DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
COINBASE:ETHUSDLong
by oh92
6