A FULL ETH USD ANALYSIS FOR THE REST OF 2018 (3rd November 2018)ETH USD ANALYSIS FOR THE REST OF 2018 (3rd November 2018)
So for this analysis ill bee zooming in from the 3 week time frame all the way down to the 1 hour time frame and give you guys the possible price action that will all happen from now till the end of December , I will also be including my thought process and explanation as of why and how I come to a specific conclusion in each timeframe. I will explain everything from an indicator standpoint before moving on the Elliot wave. I will update daily on both my twitter and telegram channel which I will include at the end of this analysis. The long and short signals/setups will also be posted there
DISCLAIMER:THIS IS NOT FINANCIAL ADVICE
=====================================================================================
Our 3 week chart and 1 week chart has our TD flipped over to 9 which indicates possible trend reversal at this price point
as you can see how accurate the 1 week TD was where it called the top and flipped down similarly this is now happening at the bottom as well
Now lets take a look at our 3DAY RSI which is currently wedging in really tight and has already broken out , aided with the TD trend reversal our chances of breaking up are higher than breaking down from now till the end of year
however you may notice that the rsi on the 3day candle which just closed just made strong bearish divergence which indicates the next 3 day candle should possibly be a red candle breaking down to retest the wedge like how I have drawn in the chart below
where do I expect this the price to settle at? I will discuss this as we progress down into the lower time frames
So first off this is my overall EW count on ETH which has me looking for a pump all the way from here to 300-400 during the November to December period.
zooming down to the current price action this is currently what will possibly happen in the next 5 days or so, as you can see in the chart below we have made a bear div once again from the B wave and D wave in the chart below. This leads me to conclude that our next dump will probably go to around 187 region which at that price point I will start to look to long with a stop at 183 for a 1 month swing possibly
So in summary I see eth going down to 187 before going up to 300-400 regions which there after I will update the possibility of a further downtrend or a bullish continuation in December ,take care guys
Telegram channel: t.me
Twitter page: twitter.com
Ethusdcrypto
ETH/USD, downtrend under 100 $Hi guys !
Today i shared an analysis on ETHUSD.
Ethereum looks not good and not ready to go up !
Currently, the last hope is the yellow uptrend from may 2017, now ETH looks use it to bounce and resist to lower prices, but i think it'll not enough.
For me, a big downtrend is formatting since the highest prices (more than 1000$, yes i know it was the good time) and can push Ethereum's price to 100 $ or less !
That's only my point of view, but for me it's really not the good time to buy more ETH.
Furthermore, RSI signal is on downtrend mode too and isn't a good thing.
The next weeks will be very interesting and important for everyone !
Thanks for your time.
ETH RISING WEDGE 845$ !!Traders,
Here we have ETHUSD 1D chart.
The rising and falling wedge patterns are similar in nature to that of the pattern that we use with our breakout strategy. However because these wedges are directional and thus carry a bullish or bearish connotation.
Here with EThereum we have a perfect wedge, but we have many important points to discuss:
1-vol makes anybody be confused to believe it or not especially that we had many many ico scams for ETH nowadays.
2-Retesting may lead us to form a bearish H&S that will lead us to lower low again.
3- VP created a strong resistance equals the biggest one on POC point.
4-After touching 200$ level we need to look sharply to watch any hooks that will lead to a Perfect Breakout stops at 1st red box and catch the retest from there.
5-Again catch the retest of the wedge not the break point.
This chart made me remembering this idea:
Regards,
Mohsen
Ethereum corrected 85% from its ATH 1420$Ethereum corrected 85% from its All Time High 1420$. Going under a falling wedge from May/2018. If ETH break this wedge upside only then we can see ETH to go up. Cryptocurrency correct between 70 to 85% from its ATH. Ethereum corrected 85% till now or may go to 90% correction where Ethereum has a support at 130$ ETH will go to 130$ if Bitcoin cross below 5800$. Current immediate resistance of ETH is at 254.26$ and immediate support at 191.46$
ETH may continue SOUTH as BTC's ETF is refusedETH is about to touch the upper line of the downwards trend line and most likely to continue lower. Interesting enough is that the trend has 2 upper lines and only one lower. This gives it more resistance when ETH may try to break up. Given the moment and based on analysis ETH should go down, however cryptos are very unpredictable when it comes to news, therefore something new about it can change its course.
Do you think ETH has a tight link to BTC or is more of a self standing coin?
ETHUSD to experience a brief drop before bouncing backEtherium is expected to drop in the following days and test the support. Due to the unfinished downward movement, it can be expected to favor the long position. However there can be a lot of psychological movements in crypto, therefore anything can happen due to news. What would you say? Do you think it will test the support more than it should or is it going to straight go long?
Kenji signals: sell ETHUSDToday, the indicator "Kenji" on the daily ETHUSD chart generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of ETHUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
ETHEREUM HAS 2 DISTINCT PATTERNS...Hey Everyone,
I was looking at some ICOs and ETH prices... wow super cheap... but also noticed a couple of patterns here so thought I would share my thoughts on the current situation I am seeing at the moment...
ETHUSD chart has 2 very clear patterns right now and could be either. I see this as the reason we may still be correcting. I noticed the pattern in BCH and this also applies to ETH, maybe we are still correcting from ATH in which case 2 clear price ranges are pictured on this chart depending on which pattern is the correct one.
If this is C wave from ATH - price is looking to head lower $308 target
If this is wave 2 correction and we recently had wave 1 - $464-421 Target range
And if this 2nd target range is where it lands, we are about to go into wave 3 which is the strongest wave :)
So for now... Safe and happy trading!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Kenji signals: sell ETHUSDToday, the indicator "Kenji" on the daily ETHUSD chart (WTI) generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of ETHUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.