ETH must react, or else...Ok, ETH is still trapped inside a congestion , and in my previous analysis it was between the blue and black line. Today it exploded downwards, and it met its support at the thin red line and the dashed trendline. The dashed purple line may serve as a support here, but we need to see some reaction here, and quick.
Right now it’s doing a clear bullish pattern, and day traders would like this, but if this thin red line is lost, the next support can be seen at the daily chart, let’s take a look:
The black line around $ 191 is the next support, the good news is that it’s close now, but it can’t be lost, otherwise will seek the $ 177 again (red line). I don’t see a bear trend here, and any trade, long or short, would have a terrible risk/reward relationship, so ETH is not interesting to trade right now, and I’ll not even start to talk about the volume again. That’s why we need to see some reaction, and fast, because ETH has the potential to fly, but it must wake up first.
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Ethtrading
Yes, this is a CONGESTION.Hello investors! Ok, ETH is doing some bearish movement too, and there are some interesting things to point out here. First, ETH failed in trading above the green line at $ 209, which is an important level to look at – the same level where I booked my profits from our previous trade, link to my latest analyses are below.
The good news is that ETH is trading above this black line around $ 202, which is another important level where the price struggled a lot in the past few days, and if the bulls are serious, they must keep the price up above this blue line. Then we may see a retest of the green line. On the other hand, if it loses the black line, it will seek the red line, or even the pink line at $ 191. Now, let’s see the daily chart:
We see that ETH is not bearish, it’s inside a congestion, and the price could explode up or down. I drew another trendline (purple) that may hold the price, this is not definitive yet, so let’s see in the next few days. I admit this low volume bugs me. In any case, ETH is just in the middle of the congestion, and we should wait for a retest of a support or resistance before any decision.
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ETH - That's BULL POWER!Hello guys! Ok, the bulls reacted today! As I said in my last analysis (if you missed it, the link is below), the trend is still bullish, and if you are a hodler there’s nothing to worry.
Actually, it was just another opportunity for the bulls show their strength, as the bears tested the black line again, and failed in breakout below this point, and the price is doing a bullish pattern today! Let’s if it will close this way. Also, I think we can draw something like a flag, and the price already breakout from it and it did its natural pullback.
There’re some resistances here, and now the first challenge ETH has is to breakout the orange line at $ 216, which seems it’s going to happen. Now, the hourly chart:
The price found a support at the pink line and bounced back, struggled a little at the black line, as usual, and now it seems it’s searching for the green line. Let’s see if the bulls will find a resistance there! Also, if you’ve reached this far, remember to support this idea clicking on the like button, and I invite you to follow me to keep updated. Now the weekly chart:
After the price found a resistance at the 61.8% fib retracement, it dropped back to the 21 ema and now is resuming the bullish trend. If the fib retracement will be surpassed for good, we can set a target for ETH at its previous top, around $ 290 (pink line). What do you think? Is reasonable aim the $ 290 again? Leave a comment here!
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Searching for the next wave.Hello guys! So, ETH is bearish now, right? Actually, in my opinion, no. This seems to be just a sideway trend, and ETH is moving erratically between its supports and resistances, which is perfectly normal, after a bullish move, and that’s all.
As I said in my last analysis, I booked my profits yesterday, and now I’m just waiting for the next move. If you missed my previous analysis, the link to it is below, and I invite you to follow me to keep in touch, I’m every day here, and I’m sure you’ll find something you like in my analyses.
Now, as someone who’s out, just waiting for the next move, I’m disappointed by the low volume. This indicates that the price is still on “the sleep mode”, and we need to see more volume here to ETH wake up again. But until now, there’s no bullish or bearish sign, and ETH is not interesting at all to trade.
If you a hodler, that’s another history. I think most of you are hodlers, and in this case there’s nothing to worry. The short-term trend is sideways, but since March we are still bullish. Take a look at the weekly chart:
It seems the real fight here is between the 61.8% fib retracement and the 21 ema, so the price could drop back to the U$ 180 and that’s fine, no major changes or surprises. In any case, I’ll be here to keep you updated.
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That's it, I'm out! Thank you!Hello investors! Yes, ETH did a weird candle today, very bearish and with high volume. Now I’m out, as I’ve already told you that I would only sell my position if the price close under this green line in the hourly chart. It seems it will continue to go up though, but in any case, I booked my profits here. We’ve been long since May 13, and this trade gave me about 10% profits. Also, the link to my call on this trade is below, as usual, and I invite you to follow me to keep in touch with our trades and analyses, I’m sure you’ll find something useful. And congratulations for those who did catch this trade with me! Another battle won, my friends!
Ok, now ETH is back to the green line, and if this is just a pullback to resume the bear trend and hit the black line again, I don’t know. Let’s see the daily chart:
ETH hit a resistance zone, and now the bulls are struggling to pass through this point. If you think about it, a pullback to the 21 ema would be very good imo and would allow the bulls to take a deep breath and gather the strength they need to resume the trend. In this case, I would buy again!
In any case, there’s nothing for the bulls to worry right now, and the trend is still bullish. Any drop on the price will be just another opportunity to long again, until the trend reverses.
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Ok, can we PANIC NOW?Hello guys! Oh, no, it seems ETH is doing a Harami under two important resistances! Ok, let’s see if there’s reason to worry here, in this analysis. First, follow me to keep updated about our trades and analyses, and support this idea if it helped you. I’m every day here, I do daily analyses about some cryptos, and I know you’ll find something interesting.
Yes, it’s true, ETH is under a strong resistance zone, under the orange and purple line. But what can we expect here? First, ETH can just pass through these supports if the bulls are strong enough, and I wouldn’t be surprised, because it seems they ARE strong. Second, we can also expect a pullback, and the price could drop back to the 21 ema, or even the black line at the U$ 190 again, near the point we long, and our profits would be wiped out if this happens. But we can always look at the hourly chart for more clues:
See, there’s no reason to panic at all. Despite the daily chart, the hourly chart is bullish to me! Yes, it has yet to break out its resistances, but also ETH respected with technical perfection this green line we draw yesterday. Now, I’ll speak for myself, you guys know that I sold half of my position yesterday (link to my previous analysis below) and I would only sell my remaining position if the price close under this green line.
There’s nothing to worry here, the chart is still bullish. But, let’s keep our eyes open and see how the bulls are going to react now.
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I TOLD you to NOT PANIC!Ok, so as I said in my last ETH analysis, the bears were trying to fight back, but they got defeated in the end. We are long on ETH since this Bullish Engulf evidenced on the chart, and our trade is going very well. If you missed my last call here, remember to follow so you won’t miss any of our trades and analyses. Also, the link to my last call is below, as always.
After I post my last analysis (Friday) I received some messages of people worried about the bearish pattern I warned here, even people saying it was time to short, but I explicitly said to not worry, and most important, don’t panic . The chart gave us some bearish signs, yes, but much more bullish signs, and that’s why we remained long , and the bulls were ultimately right.
And now? Well, ETH just hit its first target, and if you are a swing trader like me you are free to book your profits. Another battle won . Today ETH hit the purple trendline and its previous top, evidenced by the orange line. Let’s see the hourly chart, as usual:
You could’ve sold you position when it did that Harami under the orange line (the same one of the daily chart), or a sell order near the trendline, or you can wait for a stronger bearish pattern here, like a closure under the green line (previous top). Personally, I like to sell half of my position at a weaker bearish sign (a sell order near the trendline, in this case), and wait for a stronger sign to book the profits of my remaining position. But this is my risk management, you are free to do whatever suits you.
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ETH - Do NOT PANIC.Hello guys! So, ETH is moving sideways now, and as I said in my previous analysis, this is the balance between the forces, a natural behavior that we see in any market. If you missed my last ETH analysis, the link to it is below, and remember to follow me to keep updated! Also, I post some interesting stuff on TWITTER , go there and check it for yourself!
Now, just like other cryptos, ETH is trapped in a zone, between the black line and the yellow line, and the bulls and the bears lack the strength to make an actual move. This kind of behavior can be either, an accumulation or distribution, we still don’t know. If it’s an accumulation, then ETH will fly again to our targets (again, check my previous analyses below). If it’s a distribution, ETH will seek further supports, like the pink line or the red line.
Now, let’s see the daily chart:
Today’s candle is pretty bearish, but remember ETH just frustrated a bearish pivot as well (orange lines) and is still trading above the yellow line, above the 21 ema, and far above the black line, so it’s a tough call here. Also, today could be a bearish engulf after a pullback to the lost purple trendline, and that can sink the price down to the red line again, so we must keep our eyes open here! Let’s see the weekly chart now:
The chart here is still bullish, trading above the 21 ema. It seems it did a pullback to the ema after find resistance at the 61.8% fib retracement, and now the price will take a rest, moving erratically or sideways for a while, and it will reflect on the daily chart! Until ETH gather the strength it needs, we must be patience and not panic for the little fluctuations. Se you next week, my friends.
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The calm before the battle.Hey guys, so everything is going fine with ETH. Unlike BTC, the movement here was expected, and in case you missed my latest analyses about BTC or ETH, the links to them are below. Also, I invite you to follow me to keep in touch with our trades and analyses. My Twitter has a lot of content too, you may find interesting.
Some people may get worried with this candle, but this is perfectly normal, because the price is close to the purple trendline again, and it’s a good candidate for resistance. But, in my opinion, there’s no true bearish sign for us to sell our ETH, and today’s candle means nothing more than “balance”. The bears are testing the bulls, they need to know if we will have the strength to keep up the trend.
Take a look at the hourly chart:
ETH is trading under the black and yellow lines, in fact, the bulls almost passed through the black line today. And that’s it. This movement is just “the calm before a battle”. Until then, we should just wait for more signs.
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ETH - Fly, like an eagle!I said in my last ETH analysis that if the price close above the black line, would be very good, but if it closes above the yellow line, would be perfect. And now ETH is doing exactly what would be a perfect scenario. I said that it could close above the yellow line in the next days, and if you missed my last ETH analysis the link to it is below. Also, I invite you to follow me to keep n touch with my trades and analyses.
Now, let’s see if until the end of this day the bulls will manage to keep the price up, and if that’s the case, the bears will have some problems. You may be asking, why I give so much emphasis in this yellow line, and that’s simple. If the price close above it, ETH will frustrate the bearish pivot it did recently, evidenced by the orange lines.
Now, let’s see the hourly chart as usual:
ETH is trading above the yellow line right now, let’s see the outcome of this battle! Also, it’s trading above the 21 ema, another good sign, and the next challenge will be the black line (although I don’t think it’s too important, maybe I’ll erase it later), and the purple trendline. Then, we will see if ETH will fly again.
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Are the BULLS ready now?Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
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What a BULL can do?Ok, so the bulls bled this weekend! ETH lost the trendline, the 21 ema, and found support only at the zone of the black line we draw earlier (previous top), and now the price is struggling in this zone. We are ok here, since we have a lot of fat to burn since our last trade in ETH. We were the bulls from that harami-cross at the chart all the way up to the 61.8% fib retracement, and links of this trade are all bellow. And remember to follow me to keep updated of our analyses and trades.
I like to put a sell order at the engulf’s low, it’s a technical stop. I’m not completely out yet, I still have half of my position because I did a successful hedge using BTC. Check my BTC analysis for more details, link bellow. But we must think about what to do next.
If you are with the bears, watch out if the price close above that black line. Just keep your eyes open and be ready to get out if anything happens. But if the price close above that yellow line then the pivot will be cancelled, and the bulls will have the upper hand. Now let’s see the hourly chart for more confirmation:
Here we see how important it is for the price to close above the pink line, and most important, the yellow line. It did a triple bottom at the red line and now it’s trading between the red and pink line. Let’s see if the bulls will keep the prices above, and if not, the next support ETH will seek is in the daily chart, more precisely that red line at U$ 165. That's what we have for ETH, and that's what the bulls should be looking at.
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ETH - May the BULLS be with us!Okay, so ETH did a classical bullish sign to us, a bullish engulf near a strong support area, made of 1 - the 21 ema; 2 - the purple trendline; and 3 - near the black line (previous top). Our last trade here was a very good one, we long at that “Harami cross” in the chart all the way to the 61.8% fib retracement, the links about this trade are all bellow. Also, I invite you to follow me to keep in touch with our trades and analyzes.
Now let’s see the hourly chart:
Here we find a reading similar to the daily chart, and I’ll stress how important will be for the bulls if they manage to keep the price above that blue line, which is the fib retracement. There’re some supports here, like the green line, the pink line, the black line, and finally, the purple trendline. Now, the weekly chart:
As I’ve been saying, yes it bugs me a little that the price is near a fib retracement, but we can’t discard a “V” pattern here. The bulls seems to be very strong, and the trend will continue until a clear reversal sign occur (as Charles Dow used to say). Meanwhile, we are long here.
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Are the BULLS going to SHOW UP? (again)Hello guys! Now ETH is starting to get interesting again. Its been a few days since ETH entered on the “Sleep Mode”, which is normal after the last bullish move it did. We managed to catch that last move , we were long from U$ 175 to the 61.8% fib retracement, our main target. If you missed, I’ll post the links of my previous analysis below, and remember to follow me to keep updated of our trades.
For now, what I can say is that ETH may do a Bullish Engulf , after it touched the purple trendline, near the 21 ema. A bullish sign, that would be even better if the price closed above the U$ 214 today or tomorrow. It’s important to surpass that fib retracement. Now, we calmly wait for the pattern to confirm. You can buy today, in the last minutes of the candle (if in fact, is a Bullish Engulf), or you can wait for even more confirmation, and buy if tomorrow the price will go higher than today’s high. Personally, I like to wait for the confirmation in the next day.
We can look at the hourly chart to see if there’s more:
If I was a day trader that Piercing Line would've done my day. It went to the “support zone” and close above the black line, which is an important support here. Also, here we can see how important is for ETH to close above blue line (61.8% fib), because it would be the start of a bullish trend in the hourly chart too.
Now, let’s look at the weekly chart:
I confess that the fact we are near a fib retracement still bugs me a little, but I’ll do my best to follow the trend. Maybe we will see a V pattern in the weekly chart, I don’t know. Either way, the cards are given.
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ETHUSD Meets the 4Hour Cloud - Heavy ResistanceETHUSDhas come up nicely off of support; I was in a long position from ~130 based off the 3Day QRsi trend support here:
However, I'm currently FLAT due to the massive interruption the 4H cloud brings to the rally.
This particular 4H cloud path has proven it's strength, and price will need to push it's way through this level with energy left to clear the top of the cloud as well.
Trading Ideas; Scalp the pullback (short) until trend support levels are established and confirmed on 30Min QRsi trend; at which point go long and target the 3D QRsi resistance or 3D HeffaeCloud bottom, whicherver comes first. This is likely to be $164-175 depending on when it moves.
30Min QRsi trend structure on bitmex quanto:
Note lower QRsi Trend paints to the stop-run wick as support
(this looks bullish to me, and screams continuation!)
Short a failed rally! Don't close until QRsi trend support is established and tested! Don't get stuck in one sentiment :D
Long the support area of this pullback with stops under clear breaks from QRsi trends as well as lazy candle closes under support. Chart ETHUSD on different exchanges, right now FINEX, GDAX, and BMex Quanto are all charting differently on the lower timeframes.
As well as the 30Min QRsi trend pointing to bottom of stop-run wick as support, the 3H did the same. Multiple timeframes showing confluence with SnR levels == winning trades!
QuantRsi trendlines functioning as Support / Resistance:
ETH Bullish and Bearish scenario TA and targets- QuantRsi 1D+12H- I apologize for the chart formatting, TradingView needs to add a preview button and allow chart manipulation during a preview stage. I'm using multiple monitors and the charts looks great until it gets published...
I feel like any bearish sentiment will be wildly unpopular, however the technicals indicate that ETH may be on the brink of slipping into a bearish formation with the potential for a big slide.
That said, there is also the possibility of consolidation and continuation to higher highs, with some pretty bullish short term targets.
Here are my targets and some narrative into how I'm using the QuantRsi and Heffae Cloud indicators to establish these levels.
Refer to the chart and related ideas for reference! Happy trading!
ETH/USD - Longer timeframes signaling down; 4H support holdsChart is Heffae Clouds 4Hour (left) and 8Hour (right)
I added arrows to highlight signals you may trade on with the cloud SnR paths.
The "target" on the current 4H candle is the RealTime Additive, which is a trend indicator, and can act as resistance here if the trend is to continue down.
The 8Hour has signaled a drop out of cloud bottom, which is bearish.
Soon price will interact with the Daily:
Pictrued is both alternate path preset 1,1 as well as default settings (0,0)
Targets 210 -206
$ETH WILL BE Rise Again! But When?1. Bear market has surpress a lot of assets in this game, including Ethereum
2. ETH is one the most scalable until now, it's hard to replace them unless they are not fixing their problem
3. Most ICO selling their ETH, that makes other additional down ward pushes for ETH
4. Some of token on the Ethereum network changing lane and make their own network. To name a few: Tron, POA, etc
5. ETH has some issues back then that proven was a fatal mistake. ETH making progress towards it as they starting to develop ETH V.2
6. ETH actually really having quite issues, the original ETH is then called as Ethereum Classic
7. Chart is so oversold at the moment, but due to BTC volatility, still wanted to see a few downward to 190-ish range. Very unlikely and very likely. Just watch the market. It should make a double bottom as confirmation... but yeah, well, market bow to nobody, unless you have big cash.
8. Up there is my opinion towards ETH market condition until the next bull run, it could be any month from now on to mid 2019.
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Trade safe!