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Ethusdsignals

ETHEREUM The Channel Up that makes buyers worry.ETHUSD has been one of the surprises of the post-March collapse, having broken above its June 2019 High, while BTC is lagging. Despite this success that has revived investing interest on this coin, there is a certain pattern that holders would want to see breaking upwards as it comes with strong bearish bias. ** The Channel Up on 1W ** That is the Channel Up you see on this chart. With perfect Higher High trend-line touches on the 1W candles of August 20 2018, June 24 2019 and recently August 21 2020. As you see the middle of the Channel also serves as a Resistance/ Support level at times. Every Higher High is on the 1.15 Fibonacci extension of the previous Low-High leg. ** The LMACD ** The Channel suggests that if the 1W MA20 breaks, the leg to a new Higher Low may begin. The LMACD just made a Bearish Cross, which on July 2019 marked the start of a drop below the median, while on March took place exactly at the bottom (even outside) of the Channel. ** The RSI ** Positive sentiment though comes from the RSI which shows that if it keeps trading within the neckline of the H&S (within of course its own Channel Up), which I marked by the yellow shape, the price may remain higher than where it was on the left part of the neckline, i.e. currently above the middle (white dashed line). What the RSI must avoid is the Red Zone (on the bottom of the Channel). It goes without saying that ETH buyers wouldn't want to see this Channel Up fulfill its technical gap and instead break above it and start a new, more aggressive bullish pattern . What do you think will happen? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> gergiabboud --------------------------------------------------------------------------------------------------------
BITSTAMP:ETHUSD
by TradingShot
13
BITCOIN bringing rally memories to ETHEREUM??This is an interesting find I came across while comparing ETH's current cycle on the 1W chart to BTC's previous (2014 - 2017) Cycle. As you see Ethereum, not only follows Bitcoin's Bear Market structure but also the consolidation that took place after, which led to the Bull Market rally. When that consolidation broke to the upside and the price pulled-back to test the (previous) top of the structure as Support, it held and kickstarted the aggressive phase of the Bull Market for Bitcoin. Will history ETHUSD follow Bitcoin on this one? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> CITIZENCAINE
KRAKEN:ETHUSDLong
by TradingShot
6
ETHEREUM Pump/ Rinse/ RepeatWell it appears that this is the sequence for Ethereum since late April: Pump-Rinse-Repeat. More specifically the last two Pump sequences (April 21-30 and May 21-June 01) have been around +37%. After their peak, the price pulled back and consolidated within a Cup pattern. As mentioned this has been done twice already. Right now, the 3rd sequence has began and there is still another +9% to go in order to complete the 37% range, which if repeated, will peak at $312. Notice also how the 4H LMACD is just about to form a Bearish Cross, which during the last sequence (May 31) market the final leg upwards to the blow-off top. Will this be repeated? Please like, subscribe and share your ideas and charts with the community!
BINANCE:ETHUSDLong
by TradingShot
10
ETHEREUM Indications that the Bull Rally is startingAnother simple study on ETHUSD making use of the MA20 and the LMACD on the 1M (monthly) chart. As you see both showcase strong bullish signals. In particular, the LMACD made a Bullish Cross in May but the important thing is that Ethereum has been making Higher Highs since, indicating a sustainable uptrend. On top of that the MA20 has turned bullish for the first time since the 2018 Bear Market. Additionally, the short-term bearish fractal posted early this month, got invalidated yesterday: Are you ready to join the ride? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
KRAKEN:ETHUSDLong
by TradingShot
5
ETHEREUM Bearish fractal and how it is invalidatedEthereum is trading within a 1 month Channel Down on the 1D chart. This is the second Channel Down in a row it has been trading in since April 20th. The first was invalidated when the price aggressively broke to the upside and hit 254.00. The broader pattern is a Bearish Megaphone that started with the June 26th peak. The same Channel Down in a row pattern took place on that peak. Once the price broke the 2nd Channel Down to the downside, it dropped to the 1D MA200. Since the current Channel Down made a High on the Bearish Megaphone's Lower Highs trend-line, it is possible to see a similar drop to the 1D MA200 if the Channel Down breaks downwards. The pattern is invalidated of course if the Lower Highs trend-line of the Bearish Megaphone breaks upwards, in which case ETHUSD turns bullish on even larger time-frames.
KRAKEN:ETHUSD
by TradingShot
3
Ethereum Monthly Chart Reveals Likely DirectionSparksterSignals hasn't done a manual analysis of ETHUSD for a while. Looking at the big picture on the monthly chart reveals MACD momentum is becoming positive and price action via Heiken Ashi setting also shows positive momentum. However, the 2 week and 1 week time-frames look like time for consolidation so we're not expecting fast price appreciation quite yet... The red trend-line needs to be broken first. At that point the weekly momentum may fly in formation with the monthly momentum and price can continue towards previous ATH — taking the rest of the altcoin market up with it! Triggers at the ready...
KRAKEN:ETHUSDLong
by Sparkster
ETHEREUM Similarities with early 2019 and the Death CrossBefore we start please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** The Bearish Megaphone and Death Cross ** ETHUSD is on a strong 4 week rise since the $90.00 bottom. That bottom was made on the Lower Low trend line of the Bearish Megaphone pattern that started with June's $365 High, so technically it was backed up. A interesting mix of bearish signs arises as the price is now not only just below the 0.618 Fibonacci retracement level (counting 290.00 as the High) but also a Death Cross on the 1D chart (MA50 crossing below the MA200) is emerging. ** The Fractals ** The above combination of indicators is bearish. On top of that I have discovered similarities on the current trading pattern from the 290 High to the 90 Low (Fractal 1) with the September 2018 - January 2019 sequence (Fractal 2). As you see on the chart, both Fractals stopped on roughly a -68% decline from their Top. Fractal 1 was rejected on its first (and second later) test on the 0.618 Fibonacci level and pulled back to find Support roughly on the 0.236. Assuming the current Death Cross takes effect, we can expect a similar rejection on the 0.618 Fib level (around 185.00) and a pull back to 0.236 Fib (roughly 120.00), assuming the pattern is replicated on the exact same fashion. Based on Fractal 1 and that pattern alone, we can expect ETH to touch $290.00 again by September 2020. Do you agree with this idea? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
KRAKEN:ETHUSD
by TradingShot
7
ETHEREUM is a 2nd chance for those who missed out on BITCOINI have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study: I am not going to go into much detail on this analysis. The candle action resemblance of ETH with BTC's first cycle is striking. I am gonna leave this to you. Do you think ETH is another opportunity for those who missed investing on BTC's early years? Let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
KRAKEN:ETHUSDLong
by TradingShot
124
ETHEREUM bulls should be happy with this cross!Haven't looked into Ethereum for a while and the reason is because it has been trading on an incredibly steady bullish pattern. The price has been accumulating, then spiking to a standard peak, profit taking. Then the process is repeated. What stands out as the strong signal of an upcoming rise is the crossing of the MA50 and MA200 on the 4H chart. The MA200 always supports while the MA50 directs. Once crossed they remain aligned for a while (essentially the accumulation phase) before the MA50 breaks upwards again, delivering the spike. The RSI pattern is also similar. Currently the two MA periods are crossed so I expect ETH to accumulate. Good time to load more longs in my opinion for a break above $320!
BITFINEX:ETHUSDLong
by TradingShot
36
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!!
POLONIEX:ETHUSDEducation
by TradingShot
16