ETHUSD - EXPECTING REVERSAL BEFORE MORE UPSIDEANALYSIS ON ETHUSD
Welcome to my analysis
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DAILY CHart
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Interesting Point of interest In the ETHUSD pair.
- Price above 200 day EMA.
- look for buy signals to top.
- Watch botom for buy signals
- Watch red line for buys opportunity.
Long term i am expecting move to the upside. Will update soon
Stay Tuned
Ethusdanalysis
ETH/USD LONG SET UP ON PULLBACK ($320 )ETH/USD Buy Limit Order
ENTRY 1 $227.86
ENTRY 2 $222.46
SL $211.46
TP.1 $246.86
TP.2 $262.46 & TP.3 $280
TP.3 $300 & TP.4 $320
Ethereum (ETH/USD) depreciated early in today’s Asian session as the pair traded as low as the 270.58 area after trading as high as the 287.13 area during yesterday’s North American session. Strong technical clues emerged earlier this week when selling pressure developed around the 273.85 area following offers that prevented the pair from moving above the 290.00 area late last week. Notably, the 273.85 area was just below the 50% retracement of the initial depreciation from 290.00 to 258.00, and the failure around this area was indicative of additional selling pressure. Stops were then triggered below the 256.00, 247.96, and 238.01 area, representing downside price objectives related to these areas of selling pressure.
Downside market pressure has so far been unable to reach the 221.94 area, another level related to these levels and one where chartists believe there may be an exhaustion point with some Stops below. The market’s recent pullback saw price activity start to orbit the 50-bar MA (4-hourly), an indication that market sentiment was then weakening. The 50-bar MA (hourly) remains above the 100-bar MA (hourly) and 200-bar MA (hourly). Additional downside price objectives include the 234.12, 230.13, 226.81, and 223.53 areas, among many others.
ETH/USD BULL RUN SET UP TO THE MOONEthereum (ETH/USD) appreciated early in today’s Asian session as the pair reclaimed some lost ground to the 254.44 area after trading as low as the 236.37 area during yesterday’s North American session. Earlier, the pair had traded as high as the 273.85 level during yesterday’s European session and as high as the 290.00 area during Saturday’s Asian session. Market sentiment has been quite bullish recently following the pair’s strong climb this month above the psychologically-important 200.00 and 250.00 levels to its recent high around the 290.00 area, its strongest print in several months. One of the most pressing questions facing chartists and traders is whether ETH/USD will be able to capitalise on this upside momentum and bullish sentiment and test the psychologically-important 300.00 figure.
Before it can test the 300.00 figure, however, traders must lift the pair through a flurry of potential technical resistance around some upside price objectives. These include the 290.32 and 294.43 areas, both of which correlate to buying pressure that emerged around the 184.29 area following initial bids that emerged around the 116.25 area. Another upside price objective where some technical resistance could mount is the 293.24 area, a level that became technically significant when some initial bids emerged around the 122.15 level followed by later buying pressure around the 175 area. Additional upside price objectives include the 294.30 and 296.15 levels.
Price activity is nearest the 50-bar MA (4-hourly) at 251.07 and the 200-bar MA (Hourly) at 250.46.
Technical Support is expected around 230.27/ 226.38/ 222.73 with Stops expected below.
Technical Resistance is expected around 281.03/ 296.15/ 304.10 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
#ETHUSD, We are still bullish and the explanation is belowThe 2 positive signs that have happened on ETH over the past few days are:
1. Breaking the average line moves 100 and staying above it.
2. The Ichimoku cloud has changed from red to green.
On the other hand, we have the high-ranking Stochastic and RSI, which means that the price correction after the recent surge of uncertainty has ended, the Ethereum is still trending down on the daily graph.
We recommend careful buying with a target of $ 180
That need to happened for bulls to take control!To get out of that bearish blue channel we need:
* close weekly candle above blue line and 21 EMA
* close RSI above resistance
* volume above green line
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ETHUSD approaching resistance, look out for potential reversal!
ETHUSD is approaching its resistance at 149.88 where it is could reverse down to its support at 134.42.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ETHUSD potential reversal!
ETHUSD expected to rise up to 1st resistance at 149.88 where it could potentially react off and drop down to 1st support at 134.42.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ETH/USD TA Update (4hr Pullback?)ETH/USD
ETH faced rejection from the key resistance at 138 - 140 area. The price has a pullback to key support between 130 regions. This pullback maybe not be over yet,
We could still 1 more leg down to 127 area. Before attempting to retest again the downward trend-line of resistance coming from peak 157 - 151 levels.
ETH reached an overbought RSI giving extra pressure for a pullback to occur during its recent pump.
I'll be waiting for ETH to consolidate longer between 130 regions before entering a Long position to avoid premature entry.
Ethereum Struggle With Key ResistanceEthereum is struggling to settle above $148.00, however, with little success so far.
The initial support awaits us at $147.70. It is reinforced by 1-hour 50 SMA and the lower line of 1-hour Bollinger Bands. A clear break here could extend the bearish pressure to the lower line of 4-hour Bollinger Bands at $144.90. Once it is out of the way, the sell-off may continue towards $142 (27th November low) and psychological $140.00.
Once ETH/USD manages to pass an immediate barrier at $148.00 (23,6% Fibo correction on the last fall since 6th Nov.), the upside may be extended towards psychological $150.00 reinforced by a combination of 50 SMA and the upper line of the Bollinger Bands on the 4-hour chart. We will need to see a sustainable move above this area to improve the short-term technical picture.
The Relative Strength Index (RSI) indicator is trending around 37 on the daily chart, next to the oversold zone.
ETHUSD approaching support, potential for a bounce!
ETHUSD is expected to drop to 1st support at 138.80 where it could potentially react off and up to 1st resistance at 158.50.
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Losses can exceed the initial investment so please ensure you fully
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#ETHUSD#Ethereum, The bears will continue to celebrateThere was no breaking the resistance at $ 158 like we thought it might be
The last 2 candles were closed in the shape of a star that they would usually appear at the end of the trend and indeed the candle that followed was red
The Ichimoku cloud continues to be a bear cloud and the candles are still below the cloud and the blue line is still above the red line, all of which indicate continued declines.
The price below the 200 moving average line.
Target: $ 131
#Ethereum#ETHUSD, Delicate signalThe Ethereum faces a resistance line that used to be a support line.
Judging by Stochastic Indicator and RSI Indicator we are ahead of wave ups.
In the case of breaking the resistance line at $ 160, Ethereum will be able to return to the range between $ 160 and $ 193.
We recommend a very careful purchase with an initial target of $ 161
ETHUSD bounced from support, potential for a further rise!
ETHUSD bounced off 177.23 where it could potentially rise further to 184.80.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.