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Trade the markets as you see themHey guys! Todays forecast is simple and clean, we are in both a 1hr and 4hr sell range. Both of these ranges have not been mitigated (BFI's haven't protected orders) As such I am expecting a retrace to the start of the current move down before resuming the downwards trend-Price may also only pull back to the equilibrium of the move which is something to be aware of. Alternatively a sweep of the Asian session lows and a 5min buy range would offer a reasonable entry long to fill the PA before continuing lower. As always Happy Trading EnvisionEJ
by EnvisionEJ
Ethereum EIP-1559 "London Fork" UpdateEthreum has now entered into the accending channel now at the 3,100 price level. It is now rejecting the perfect middle/center of the channel, meaning the TA is working. RSI is overpriced therefore a pullback is normal. BTC has broken the 42,000 lvl and we saw a good run in the Alt space. Ethereum continues to burn 150-180 ETH per hour, bringing positive news, for the mid to long term. Now that we are in the ascending channel you can use it as your support and resistance. Pay attention to Bitcoin as it is still meaning runs and dumps in the crypto space. Smogster...
BITFINEX:ETHUSD
by Smogster
Ethereum EIP-1559 "London Fork"Ethereum is attempting to enter back into the acceding channel. Update made a positive move. Watch out for rejection from this level as we are Over Priced on the RSI and hitting the trend line. Eth was able to break the 2,500 Lvl unlike BTC having trouble taking 42,000. We really want BTC to break 42,000 and hold to see good gains in ETH and Alts. This update will bring ETH to an all-time high in the mid to long term. Due to Eth burns and cheaper gas fees. Shorter-term anything is possible if we have a dip, btd. Smogster...
BITFINEX:ETHUSD
by Smogster
Hard fork London! What will happen to Ethereum? 😲😲Today is an important event in the entire cryptocurrency industry. Probably one of the most significant of the year. Ethereum's hard fork - London. I'm sure a lot of people were buying before the event, a lot of people were writing about it. I warned yesterday that it might fall, don't rush to buy. Together with my team, we investigated all previous hard forks. And you can see the results on the chart above. Now the price has already corrected by 6% after the opening of the new day, which is not a little. The price might go lower because the average correction after hard forks was about 10-20%. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
BITSTAMP:ETHUSD
by Yuriy_Bishko
32
Eu Price action analysis coming into the London session Good Morning traders and welcome to another day! Today EU is providing us with LOTS of information about potential moves. Currently we are in a daily uptrend, however the 4hr and 1hr are in down trends. We can see a recent push to the downside, this has created a sell range. We have a GREAT 15min range to target where the move initiated from. Also Equal highs (theses provide liquidity for banks to sweep). Along with the EQH we can also see liquidity being built for a downside move. Price is pulling back from the Asian high which is also an EQH. I expect the market will push through this area, "sweeping" the range and push into the 15min range. At this point I will be targeting a sell-it would be a no brainer. While I am bias to the short trade here-the daily does have upside momentum which I wont lose sight of.
Short
by EnvisionEJ
ETH LONDON FORK: BULLISH SENTIMENT 🤔🤔we're gonna witness largest event on ETH history and ETH will survive this change as it's always do. if it breaks the last ATH "$4,362.35" it will moon first target 5k$ then 8k$ ETH is accumulation is increasing gradually and is on uptrend. the update will make ETH deflationary by burning ETH which means the supply will decrease and stakers will need to buy ETH for staking purpose which will add up for ETH uses. the second most popular crypto wont go DOWN for just an update, everything will go smoothly and even if error happened a real fork will occur with 2 coins exists which will make people get the first token (ETH1) to get (ETH2) like BCH fork for BTC. Many big DeFi names depends on ETH. and it is the most able to capture value as Coin Bureau
Long
by btcaddict1999
1