Ethereum. Triangle Part
Hey. We enter the long after breaking the boundaries of the triangle. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail:
Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium price of the trend(when the price goes away from the cloud it comes to test it in 80%, my signals on the cloud algorithms are also well sometimes practiced, the state of uncertainty flat (when the price in the cloud is trading). Confirmation of the correction / trend when the price is trading below or above the cloud, the entries in the position and much more shows this my wonderful indicator. The indicator took me enough time, and if you are willing to use it, it will cost you a small amount of $ 10 per month. Put likes and subscribe, so you will give me motivation and fight with my laziness. All the best
Ethusdforecast
ETHEREUM (ETHUSD) - Bullish Movement. Next Target $765? LONG.! Welcome everyone, hope you all are doing well. Let us look into another trading opportunity.
Ethereum, one of the oldest project in crypto scene, doesn't need any introduction.
Let's look into the daily chart:
INDICATORS:
After touching the bottom of $358 on 1st April, ETH started a new uptrend and has been trying to gain some upward momentum.
Moving Average is curving upwards which means Bullish movement.
RSI is in 60-ish region which is again in favour of bulls.
ADX and DI are giving Bullish signal.
MACD line is already moving above signal line which means Buy opportunity.
POSSIBLE TARGETS:
$765
$891
$1016
$1195
$1424(Previous ATH)
Also note that, BTC price movement will also affect ETH. So, keep an eye out.
P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!
Peace.
Ethereum (ETHUSD) bullish channel update: 4hr tfMy previous post on Ethereum can be found here:
It was mentioned in the post that Ethereum (ETHUSD) was likely going to test the bottom of its current bullish channel before any bullish action that would reach the upper line of the channel. Price action rather continued its bullish action breaking the upper line of the channel temporarily i.e. reaching the target area mentioned in the last post. Ethereum is currently at the bottom of the channel at ~$610.58.
Support beyond the bottom of the channel remains between ~$689.40 and $702.90 and the point of validation of this analysis (POI) is still kept as a price close below ~$541.75.
For Ethereum to maintain its current bullish progression, commitment by the bulls is necessary which = pushing prices back to the upper line of the channel as depicted by the red arrow.
The makes the new target area for Ethereum = between ~$702.83 and ~$725.06.
Price close below the bottom of the channel and also support as shown above could have further bearish consequences for Ethereum with price returning to ~$502.77 or even the high $400’s.
Lastly, the 4hr tf RSI is shown here and clearly does have a negative slope. This implies that the RSI is not confirming a bullish move yet for Ethereum and it is worth waiting for the 4hr tf RSI to bottom and/or resume a +ve slope upwards before starting to consider going long (buy).
Ethereum bullish price channel: 4hr tfPrice action of Ethereum (ETHUSD) from ~$394.06 on April 09, 2018 to present date has been captured in this analysis in a bullish price channel.
The price channel is achieved by drawing the main trend line (in blue) along price lows and then placing the parallel to that line above the price high (~$528.36) made on April 13, 2018 (black line).
The green arrows in this analysis show a possible trajectory for further development in the price action of Ethereum. Support as drawn on the chart is between ~$574.66 and ~$556.10. The upper line for the support area coincides with the main trendline, thus increasing the potential of Ethereum finding support around the support region.
Any further bullish action in the case of a sell off to the support area would be expected to target the upper end of the channel which has been estimated in this analysis to be between ~$689.40 and $702.90.
Point of invalidation of this analysis (POI) is a price close below ~$541.75 at which point Ethereum would have not only broken through support, but also its 4hr tf main trendline (in blue).
Assuming an ideal scenario where Ethereum reaches and holds in the support region, risk on the trade = $574.66 (upper region of support) - $541.75 (POI) = $32.91.
Reward = $689.40 (bottom of the target area) – Point of entry ($575) = $114.40
Risk/reward ratio = 114.40/32.91 = ~ 3.5:1
Look out Below! ETHUSD!Most of the indicators on my chart haven't changed from the last one I posted which I linked below. This head and shoulders pattern has taken a while to form. It's moved sideways for quite a while and now it's pushing down to this 800 mark. If we break this 800 level, expect a push down to at least 600. I see no reason why it wouldn't at this point. We have been in a down trend and it just hasn't moved up and starting to push lower again.
Play it like the Martingale Master does. i will be starting to put buys in from the 700 area in all the way down to 400. If BTC has a strong push down, we are heading to complete the ABCD pattern I posted earlier, along with my top call -https://www.tradingview.com/chart/ETHUSD/bpLwXsit-ETH-USD-I-spy-with-my-little-eye-H-S-pattern/ Also check out my more lengthy post on Ether with the buy zone, it goes a little more in depth
How to utilize the Martingale strategy - When you buy in at the 700 range with the first % of your portfolio, with lets say 10%, the goal is to sell on any bounce up. Most probable would be a bounce from the 700-720 range up to 775-795. At which point you sell that portion. I then will put my buy in place again. If it keeps going down, my average buy in price will be lower as my additional buys hit lower. I can still play the bounces if it goes up and as it goes down, I get brought in at those lower prices. It works great.
Happy Trading,
-Sherem
ETH/USD I spy with my little eye... H&S pattern?!?!Position: Bearish
I am adjusting my lines in from my last call to account for time. BUT to also pose a question that could potentially ratify this down trend! Are we forming a massive head and shoulders pattern?! If we get more sideways movement, we are only going to confirm this. It's do or die time for ETH here. This 800 level is key . It's already tested this level, it might get some support there again. But if it keeps hitting that support point and breaks its, expect a break further down.
The play. How do I want to do it? I will be laddering buys starting from the just above the 700 area all the way down to 400 using a martingale strategy . Love this strat in these vicious down markets. Make sure you read up on it if you haven't.
We'll see what happens, I will continue posting what I see and the plays that I am looking for and that I am most comfortable with at this point.
Happy trading. Pick your points, don't stress and don't use leverage!
-Sherem
Check out my post calling this recent top!
CRYPTO : ETHUSD SHORT SETUP RISING WEDGE + ABC CORRECTION This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
Our Forecast of the next move of Ehereum - ETHUSDThe price of Ethereum 5.55% was subject to huge volatile move on 22 December 2017 when the price hit $460 being the low of the day.
Investors like you may be wondering what the next move of ETHUSD 5.55% is. ETHUSD 5.55% opened at $680 on 23 December 2017, which is slightly above 50% of the price range of 22 December 2017. From a technical outlook, we are watching for the price action at $720 and see if the selling pressure continues. If the price of ETHUSD 5.55% surpasses $720, we will be watching the $780 level closely for the same reason based on our forecast. We will provide a further update on this instrument in our next forecasting report.
Good trading
NinjaTrader Singapore
23 December 2017
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CRYPTO : ETHUSD Long Setup on Daily TimeframeThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.