Yah, what do you think? Looking like it's gonna have to make up it's mind in the next 12 hours. Likely a bearish move. Get ready to find the bottom after the next drop if it happens soon.
We are getting some resistance here at the yellow EMA (50-period on the 4H). I would look to get over this hurdle first before entering. It would be an interesting trade to enter at the breakout past the yellow 50-period EMA and sell at the red 200-period EMA. Then after that trade, you could wait to see if it's able to make it beyond the red 200-period EMA. If...
This is the ETH trend since December 2018. So far we have stuck to this trend. I am more inclined to believe that this orange/brown trend-line is the prevailing trend. Since the recent inverted bart signals an entity buying back at a slightly lower price, I believe the trend still intact. As always, it may be a trick, but so far, this major trend has proven...
It seems I was a bit early to call the rebound before, but it appears to be following through now. I see an inverted bart, and we may break the trend-line to get out of this downward spiral. Keep an eye on how it behaves post-rebound.
Looking for a bounce here, or else it's possibly back to the $195 trendline. Looks to be turning now but it could be a fakeout.
There seems to be support at this trendline, and $230/$235 is the next resistance. I'm planning on riding this up to $230+ level one last time and selling there, before sitting on the sidelines and waiting to buy lower. I'm selling the breakout above resistance and going long at/below $220.
ETH should fall to $227 or $220 (depending on the EMA support), and will get bought back up from there. The 1H chart is nice to time this (along with the 15m). Get ready to find the bottom here. Still overall bullish on the 4H and 1D. Just looking to snipe this next trade, not necessarily go long from $227 or $220.
The 1D MACD is still under the zero-line, but it's rising. The 4H MACD is above water/positive (above the zero-line) and seems to be staying there, allowing the 1D to rebound. I'm using the base of the ichimoku cloud to be my stoploss, while the 200-period moving average is my target. I'll sell it down from there, and then wait to see if it's able to breakout from...
Right on schedule. Let's see how this behaves around the current level.
Here we go, let's see if we make it to the next resistance at $400
The title says it all. Expect a correction when support of the 20-period EMA is broken on the 1H chart.
Major breakout, barely any pullbacks/opportunities to start a position. Better $300 than $400. FOMO frenzy phase is starting to kick in.
I'm looking to buy the bottom. Within a week we should see the buying pick up again.
Buckle up, it's about to get savage! 4H crossing down, 1D continuing it's drop.
Drew this a few days ago... should've posted it then ;)
ETH fell below the 61.8% fib retracement level (4H chart), and got bought back up to the level ($200). Has ETH finished retracing, or could we have another level left to fall to? We shall see. Good luck!
The ETH 1D MACD is showing bullish momentum, but is still negative. The RSI is slowly rising since it had been previously oversold, but it could go either way. The 4H RSI is rising similarly and is also fairly neutral, but the MACD is bullish and may bounce up/stay above the signal line. 4H is also supported by the base of the ichimoku cloud. ETH 1H RSI is...