Monero to $1k usd, followed by $10k usd? You Saw It Here First.I've made wild predictions in the past about Monero. When it was worth pennies I made estimates of it's value reaching well over $1 into the $10 range. This absolutely happened.
I then speculated that Monero could further increase from $10 to over $100 given the tremendous updates and growing community making it the best form of Money anyone has seen. This absolutely happened.
The ATH for Monero is just shy of $500 reached in late 2017. So what's next?
Currently, the bear market is coming to a close as per my observation of (btc block reward halving minus 12 months = signal of end of bear market). As prices recover and media exposure begins to ramp up, with a positive view of these markets, I expect another sharp increases for Monero.
Next up is the $1000 psychological barrier being demolished by 2021. Followed by an exponential move in BTC and the crypto market in general to unsustainable highs. For Monero, this would mean prices in excess of $5000 and as high as $10000 in 2022.
Happy trading.
ETH-USD
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 175.50 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 156.75 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce! ETHUSD is approaching our first support at 156.61 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 168.67 (horizontal swing high resistance, 38.2% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce! ETHUSD is approaching our first support at 156.61 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 168.67 (38.2% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
"Top and Bottom Analysis" ETH/USD by ThinkingAnts4H CHART EXPLANATION:
On 4H chart, we have a Bearish vision due to:
- Revertion from a Major Resistance Level (Confluence Zone)
- Broken Ascending Trendline
- MACD Bearish Divergence
We consider this as a failure of the Bullish Movement so will be looking for short setups towards 143 being careful to the middle support zone at 156.
Updates coming soon!
MULTI TIMEFRAME VISION
-Weekly
-Daily:
It's going ETHer way. The spark is in the volume!Hey Traders,
Here we have BITFINEX:ETHUSD which you will notice has been trading in a flag over the past months and now we are approaching the first major resistance at $180/$220 USD.
Due to the formation the first thing that comes to mind would be bearish continuation for further downside however, given that the volume has been relatively flat we will have to see if the bulls jump out from nowhere and push CRYPTOCAP:ETH past the $200 resistance.
We have too possible scenarios at the moment, at the end, everything depends on the volume :
Scenario A
We will be looking for a strong break of the overhead resistance at $220 and a possible retest to confirm the breakout to further highs around $300.
Scenario B
We will be looking for a reversal sign and selling pressure on a test of the $220 resistance followed by downside to the most recent price demand at $150 as a first target.
ETHUSD approaching resistance, potential for breakout!ETHUSD is approaching our first resistance at 169.13 (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 255.45 (23.6% Fibonacci retracement, horizontal overlap resistance).
RSI is also bouncing off support supporting our bullish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce!
ETHUSD is approaching our first support at 142.21 (horizontal overlap support, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 148.74 (horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 143.83 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur to our major resistance at support at 138.12 (horizontal pullback support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 133.92 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our major resistance at 147.94 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 133.92 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our major resistance at 147.94 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 133.92 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our major resistance at 147.94 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching support, potential bounce!ETHUSD is approaching our first support at 133.92 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our major resistance at 147.94 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 148.01 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our major support at 139.46 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETH/USD Long with 5.8 R/R - take your leveraged 200% profit!If you like my work leave a like or even click the follow button! Comments are appreciated!
ETH/USD looks very interesting as we approach EQ of consolidation block. For a BitMex trade like this I use 10x leverage.
Multiple reasons for this entry-zone: 12hr 200-MA along with an overall 88.88 Fib , EQ of current consolidation block and an old swing-low .
$120.50 - $122
Reason for this target: EQ of upper consolidation block while taking out clean highs at 12hr 200-EMA .
$125.30 - $131.40 - $134.40 - $137.40 - $144.50
Reason for Stop-Loss: Possible SFP below previous wicks at these levels so I'd make use of an old low of a doji-candle .
$116
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 148.01 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our major support at 139.46 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.