1. Completion of Eliot wave as MACD signals increased momentum. 2. Bounce at support to form Adam and Eve double bottom to continue to targets indicated by Stochastic and RSI indicators. 3.Expect pullback at 5
ETH -Watching to see a bounce off on of the support lines before entering a long position. Cause of fall in markets is news on Initial coin offering Bans in china which as always people misunderstood causing Fomo. - Expecting reversal candles and Buy confirmation. -Watch present range a its being tested for the 3rd time Comment your ideas and thoughts, THANK YOU.
stop loss at 532 Target 2 621 Had to move up support line
Buy signal at 510 After full candle breaks above Top of triangle. Minor resistance at 521 Target 1 570
Decreasing momentum Resistance at 142 point overdue correction
-Crossing in the 7 day and 21 day moving averages show more downward move to the 77 day moving average. Breakout at point of cross over. -Volume indicates decreasing selling support and accumulative kind of format. -Expect a move down to 0.00583808 at which point trade should be active. -1st target at 38.20 fib level -2nd target at 61.80 fib level -An aggressive...
Increasing selling pressure, Rsi indicating over bought and a completion of the Eliot waver formation shows indications of an eminent correction. Expect a Double top formation at B as the markets tend to retest the Resistance level before heading down to the 38.2 Fibonacci level for a possible continuation or down to the 68.0 Fibonacci for consolidation to next move .
-I would expect a small bounce at the 51.6 Fib line line foe a retest of the 160.30usd to for a double top before trending down towards the 61.8 Fibonacci to prepare for the 3rd circle move upwards to all time high. -But if prices break bellow 51.6 Fib Chart might also move towards 61.8 Fibonacci for further consolidation as RSI and MACD signal a Correction.
-MACD indicating a increade in momentum which is supported by the Stocastics as the faster % k line goes above 20. -volume is also increased seen which can be compared with the last breakout marked by the ellipses. -buy around 264.00 -move heading to 282.50 and more.
-A nice rounded bottom chart seen as the cup and handle formation comes in for a possible bullish trend confirmed by the new uptrend formed by the second part of the handle. -Volume seams to have significantly increased. -MACD indicates a short correction and also an increase in momentum -If the candles break bellow trend line it would be expected to bounce at...
With the move of the first wave we see a decrease in volume. the indicator MACD showing oversold and the candles coming down to the Bollinger Bands Moving Average. I would expect the carts to trend down and then we should have a point of hope at A, Point of reality at B and a possible retrace to C, for a consolidation. Consolidation expected at support level of...
-Hear the end of the first wave and possibly the beginning of the second which is expected to be 2 times the first. watch for break in resistance range between of 0.08000191(stop loss set bit below this.) and 0.08130818 ( serves as confirmation for second wave). -MACD indicating an increase in momentum as the lines go above the 0 though RSI indicates an over...
With the price consolidation of ETH ending, we can see the acceding channel on which is indicative if a possible breakout due to the history on ETH breakouts. Increased volume is seen and the Reactions to the MA lines of 7, 21 and 77 signaling a continual up trend as the 77 day moving average flattens and the 7 and 21 strend up.