Ethsignals
ETH/USD LONG SET UP TO $306Title :ETH/USD BUY LIMIT ORDER
Asset : Crypto Symbol : ETH/USD
Type : Limit Order
Time Frame : 2D
Entry Price 1 : $224.20 Entry Price 2 : $218.68
Stop Loss : $210.00
Take Profit 1: $237.40
TP 2: $260
TP3: $276
TP.4 $300
The reversal higher took place after traders tested bids around the 217.83 level during yesterday’s Asian session. Upside price objectives include the 240.72, 241.99, 247.45, 250.04, 255.09, 257.11, 259.14, and 260.41 levels. Below current market activity, traders cite potential technical support around the 211.35, 210.39, 209.02, 207.70, and 204.72 areas. These are levels that represent upside price objectives based on buying activity that has emerged around the 116.25, 142.10, and 154.48 area during recent weeks. Chartists are closely monitoring the convergence of the 50-bar MA (hourly) and the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 213.86 and the 100-bar MA (Hourly) at 224.64.
*Technical Support is expected around 230.27/ 226.38/ 222.73 with Stops expected below.
*Technical Resistance is expected around 243.62/ 247.45/ 250.04 with Stops expected above.
*On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
*On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
ETHUSD Ethereum NEUTRAL RANGE Trading 1 HR Chart#Ethereum #Bitoin #Litecoin
Hello to all watching my charts.
Since a week Ethereum is trading in a range beween
200/204 and
235
We have to wait what happens next.
Whether the pair falls below support range 200/204 and ist short again
or if it will find bottom now in that range here and comes back to climb above 235 and
startet a new try to higher prices and goes long.
At the moment nothing to do
If you think that this range will last longer (which i doubt at a crypto pair) it would be possible to do a range trading :
buy at 204 , sell at 224 / 234.
But as Ethereum does similar to other cryptos in some cases big jumps
that would be not my first oppinion.
Good tardes
If you want to support my work and my trades please like the,..
Renkotrade
Ethereum buyers shouldn't worry and here is why!Cryptos have a habit of repeating some patterns over and over again. Ethereum is no different.
I took a closer look to Ethereum's bull market and in particularly 3 fractals which all appear to share a similar candle action to ETH's price volatility from October 2018 to date.
Initial price drop, high volatility (consolidation) with an obvious Resistance and then aggressive rise. The exception is Fractal B which consolidated longer (almost twice as long) making a re-test of the initial drop/ low (even slightly breaking) it, before it broke out. It did however increase much more than then other two (around +4,300% as opposed to Fractal A +1,800% and Fractal C +480%.
Assuming that ETHUSD hit the bear cycle's bottom in December, we can expect it to start rising more aggressively on the short term. If I had to make a pick one Fractal of the three to fulfill this scenario that would be Fractal B as in duration it is much more similar to Bitcoin's expected consolidation phase. In that case we have roughly another 175 days of trading between the cycle's bottom ~80 and current Resistance ~ 185.
Do you think ETH bulls need to worry? Hit me with your estimate in the comments section!!