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ETHKRW

ETH Moon Shot Inc.ERC20 Tokens have been booming! However what good are these tokens without the network on which they were built? Based on current TA, and the mass accumulation of these tokens running on the Ethereum network. I believe a well deserved ETH rally could be within the near future. Possibly sending us up over that 1k milestone. My Analysis: After a recent rally, ETH is now attempting to break back up into its previous upward channel. IF we break back up into the channel I have a main target set at $1218. Possible resistance levels are also shown above. IF we fail to break back up into the channel, I expect a small retracement back into the 764-854 zone. I believe this could be an excellent entry zone for any long term investors. Something to consider: This analysis is dependant on the current BTC trading conditions. At the time of this post, BTC seems to be stable. IF BTC continues to breakdown. This TA will likely become invalid. Happy New Year 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.
Long
by oh92
8
The Great Ascending TriangleAfter what seems to of been months of consolidation, ETH is finally on the move, and very rapidly. IF we are able to smash through the resistance zone between 390 and 407 I believe this could send ETH into one of its' biggest bull runs yet. As you can see on the chart, it appears ETH has formed a giant ascending triangle. Now if the size of the triangle reflects the magnitude of the breakout, this could be huge. We have also just broken AND bounced off the RSI trendline. I believe this has put ETH in an extremely bullish position. However, this will only be ETH's second test of the resistance zone, so a breakout is not guaranteed. My plan of action: The Good: IF we break into the resistance zone I will add to my long from $340 My target from there would be the previous ATH of 410. IF we break through that level I will once again add to my long. My main targets from there are shown in gold on the chart above. They are 481 and 576 . However, I will likely take profits at intermediate resistance zone which are also shown above. The Bad: There is always the possibly that ETH could hit the resistance zone and bounce off. If this happens, I will likely take profit from my previous long and wait for a clear re-entry. The blue lines within the triangle represent possible support levels. Lets hope for the better of the two! This could go down in history as The Great Ascending Triangle 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
23
ETH, Are We There Yet?As you can see from the chart, ETH has been consolidating for some time now. Some analysis believe, the longer the consolidation, the larger the breakout potential. That is IF it ever happens.. Some key levels to watch out for are the 335 and the 338. Breaks in either of these levels could help ETH gain some very bullish momentum. IF we break BOTH of these levels, my first main target for ETH would be 353 at its previous lower high, and then followed by the fib extension at 373. If we end up breaking the 338 level, I will post additional targets 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
ETH - Time to Shine?As we all know, ETH has seen very little action over the last month due to BTC stealing the show. However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move. As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant. The BULL Cycle: IF we happen to break through top, I will be entering a long position. My major target points would be 350, 394, and 448. Additional target points are the fib extensions shown above. The BEAR Cycle: As much as I would love to see ETH make a run up, there is still a chance we will fall out the bottom of the pennant. IF this happens I will likely place a short, and my first target would be the major support line at 271. I hope this helps 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.
Long
by oh92
4
Advise CautionAs we all know, ETH has had an extremely bullish over the last month with very little retracement. However based off TA, it appears that ETH may have hit its' "short term" top. I say this because a bearish wedge has formed at the top, and the RSI indicator is showing signs of divergence. This could mean that at least somewhat of a correction is likely. I say somewhat because if you look at my previous ETH chart, ETH has shown signs of weakness in the past yet it has pushed right through. However, IF ETH breaks the bottom of the current wedge, I plan to short for a quick scalp none the less. My first target would be the top of the Retracement Zone where I would likely take profit. From there I would again wait for another signal, and a break in that level to short again, placing us into the "Retracement Zone." This zone would not indicate a bear market at all, it would only be a healthy, and I believe, much needed correction for ETH. The market will likely find a lot of support in the zone. The lower price would likely attract new investors, which could eventually lead us to new highs. IF (big IF) we would fall into the Reversal Zone, I would close all long term investments. This would be a very dangerous move on ETH's behalf, as it would likely entice panic throughout the market. I do not expect this to happen at all, just informing you all of the possibilities. Summary: Even though the market remains extremely Bullish, it is still due for a healthy correction. Therefore, IF ETH starts a retracement, I suspect it to be minor with a final target no lower than $355; until noted otherwise. IF ETH fails to break the wedge, and the market remains full Bull, we will likely test the previous high, along side the top trendline. 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.
Short
by oh92
13