ETHUSD LONG 1HR ChartHello to all watching my charts.
I am starting today a check of Ethereum
and will bring you more Crypto Charts the next time
Why ?
Cause the possibility of trading these pairs in my oppionion has been
dramatically changed to much smaller spreads and daytrading
if wanted , is now possible with positive results.
So lets come back to ETH:
What do we see ?
Its easy:
We have a nice and strong LONG channel
in which the pair is running up.
So run with that in Long diretion so long as the pair continue
in that channel.
I will update you
Good tardes
Renkotrade
Ethlongsetup
ETHM19 - ETH/BTC LongLooking for an upward breakout of this channel. I'm long and targeting swing high of 0.03555.
May double down on my position as long as it breaks upwards and finds support at 0.03250
ETHUSD: Longs make new highsETHUSD LONGS have made new highs the past week.
As shown in the chart, the last time ETHUSD longs hit a high, they crashed shortly after, pushing the price of Ethereum from $300 to $1500.
As shown in the green boxes, we have the same type of movement when compared to previous months of the 17'-18' bull run.
I do not expect us to see movement like we did before, but I do believe it can show our next moves.
The entire market volume has been rising the past month and we are getting close to where we were back in January of 2018.
Alts have been moving left and right, which may also be indicator. We have not seen alts move as they have been, this whole bear market.
Trade safely, although I do believe we have many many indicators that are pointing to the upside.
Get ready to buy ETHER #ethEth has completed wave 1 to 5 and started its correction phase. Based on my Elliot count A, B , C are also now done. I am taking a long position here. Also Eth has fork happening on JAN 16, so i am expecting a more upside from current price.
MY stops are below $104.
My first target is $160.
Leave a like/follow if this post helps.
ETHBTC LONGWe are approaching the bottom of the descending wedge I have been looking at on ETHUSD. I wouldn't be surprised if we reach the bottom of the support level before breaking out of the wedge pattern. I also posted a short term wedge pattern on the 1D chart on the right, which could kick off the rise of ETH if we break above this pattern. REMEMBER wedge patterns are only valid once we BREAK and CLOSE above the pattern on their respected time frames. This mean that in order to enter a trade based on these patterns we must wait for the break and close.
If you guys enjoy these ideas, follow me for more. Also if anyone has questions about this idea or trading in general feel free to comment down below or message me! :)
ETH/USD, Quick Scalp Trade OpportunityBITMEX:ETHUSD had quite the selloff yesterday, lasting throughout the night. Ethereum dipped substantially further than Bitcoin, but I am not surprised based on how quickly it has gone up since the drop to the yearly low.
We seem to have found a potential temporary bottom at the 12-Hour Order Block, which I was expecting to be a Demand Zone. It wicked through it, but then quickly closed above the equilibrium.
I have entered a scalp long position targeting the 4-Hour breaker above around $218. This could potentially run a bit higher up to around $222, where I will be looking to flip short after closing this scalp long.
As always, this will depend on what price action looks like once we reach that level and I will post a follow-up chart if and when that happens.
ETH - Aggressive long trade setupDear all,
Here is long trade setup I'm entering.
ETH is currently at a key support at $495 dollar and has 3 resistances to overcome (downtrend lines shown on chart) to break out of Bear Market.
This trade is driven by 3 main factors:
- ETH currently sitting at key support $495
- RSI is oversold
- Light bullish divergence
- RSI forming falling wedge
Please see that ETH is currently inside a broader symmetrical triangle which and based on Elliot wave we need another wave up.
Plus this wave setup is favorable to upward breakout.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
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