ETHUSD Forecast - Is bottom in?Lets take a quick look at the Ethereum market versus the US Dollar.
There has been some nice bullish volume between $350 and $420, and like Bitcoin, we are receiving contradicting signals on the market.
I will keep it simple, a break below $350 will be followed by a bearish price action and a confirmation that the bear trend is not quite over yet.
On the flip side, I will wait for the bulls to push the prices past the $400 price levels, $420 should be in play if we consolidate in this zone.
I would expect some bullish momentum to develop if trading pushes prices higher than $420. Safe trades.
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ETH-USD
Ethereum Structure TradingThe ETHUSD price moves sideways. None of the market participants (buyers and sellers) are fully committed to take control of the price. It formed the two major structure levels - support at 367 and resistance at 417. I await the market breakout and then open the position accordingly.
Ethereum - Crucial levels For both sides of the FieldAnalyzing the ETH to USD pairings you will see a price retracement very close to the 0.786 from the long term trend.
The chat room is full of new short sellers determined to pull a profit from these volatile markets and as the seas are red, the herd flocks to leveraged short positions at an attempt to recoup their losses.
Nothing Goes straight down and in crypto you must expect the unexpected. This is why i am keeping a close eye on ETH here as a scenario in Green could play out creating a huge bull trap mid term.
First long target if we hold support above 320 levels will be $620.
Play cautious in this bloodbath as profits are quickly diminished with losses due to the likes of CME grouping BTC with soybean and coffee.
Basil
ETH - a follow up with downside playPrimed for a short squeeze in my opinion, we may not reach targets based in LONG chart but if there's price action upwards here then i'm on board.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
ETH-USD reached support at $400After the bearish breakout of the support at $600, Ethereum-Dollar has arrived at the next strong support at $400. Here it is likely, at least initially, a rebound (still missing a green candle). There is a bullish divergence between price and CCI (20). The breakout also of the support at $400 (with high volume) would precipitate the currency pair, in all likelihood, as far as $250.
ETHEREUM , The new opportunity to buy in ETHSD. Midterm forecast:
While the price is above the support 272.650, resumption of uptrend is expected.
We make sure when the resistance at 630.500 breaks.
If the support at 272.650 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (393.550 to 309.100), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (393.550)
Ending of entry zone (309.100)
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 20.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
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TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.425
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
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ETHUSD (Volume Analysis Prediction 3/26/2018)Signal: out of positions
The coin, like the main part of the market, continues to descend
Now ETH is at the beginning of growth, this is a zone with a very high potential
But the lack of volumes is alarming, this reason makes aggressive purchases dangerous.
In this situation, it is better to wait for confirmation of the trend reversal:
(anomalously high volume, break out the last top of the downtrend, break out the downward trend line)
It is important to understand that in case of a reversal this will not be forced growth,
it will be a slow growth (the investor must again believe in the market) with gradual acceleration
For the growth of ETH, it is important that the entire market begins to recover
In my opinion, the entry point should be searched:
After price break out the last top of the descending trend (zone @590 - 610)
Or at the extreme point, where a rollback from the current zone is still possible, you have little risk,
and great prospects for profit (zone @ 415 - 395, stop 375)
ETHEREUM (ETH) - Gartley FormationThe Ethereum price is bullish since yesterday. It broke the resistance level at 555 and getting close the major resistance level at 622. The price was rejected few times at that level and it is more likely will do again. After this bullish move, the buyers will take their profits, which will push the price down. Moreover, the more sellers will step in that gives the additional selling momentum.
There is a potential Gartley formation that provides the detailed guidance for entry and exit. Also, this increases the probability of this setup.
T1 – 38.2%
T2 – 61.8%
ETH USD Down to 450 $ ! Hi Everyone.
So everyone is talking about ETH going down, so I took a look at 1 day charts to see what's going on. From what we can see, we have broke the support line from 2017, and the next one is from 2016. Pivots on 1 day charts showing us that the first support should be around 650 (we are far away from that, so don't hope for going back there). The next support showed by Pivots is 484, but from my experience by the time we will get there it's gonna change for about 10% so it won't be 484 but around 445. So my Target is 450 by 26.03.2018. Where we should start reverse to uptrend. Lets see if we will get there.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
ETH-USD on the road to $400After the breakout of the double support, static at $600 and dynamic with the 200-day Simple Moving Average, ETH-USD is heading toward the next important support at $400. Today high volume, at 10am (GMT) 151K, the 10-day moving average is 159K and yesterday's volume was 141K.
Is Opportunity Here? - ETHEREUM AnalysisThe ETHUSD market was being ‘quit’ recently. Sellers and buyers are not committed themselves to control the price. However, there could be an opportunity for long. The market is close to the structure low that is mini support at 680 area. The price respected that level few times and it is more likely it will do it again. The second structure low is at 660, which acts as support as well. The more conservative approach will be to wait the price to be bounced back at these key areas and then open the position.
ETHUSD - Moment of TRUTH! Will it go UP or DOWN!?Moment of truth for ETHUSD - from my TA, it seems there are two possible directions for ETHUSD. It is either going to follow the uptrend channel OR it may fail and seller may push it downtrend.
Some key notes:
- RSI is neutral
- Volume is there
- MACD is ready for putrend
- STochRSI is ready for uptrend
With that said, we have been faked out plenty of times in the past week. I will be watching this closely to make a trade decision.
What to do - Sell or Buy ETHEREUM (ETH)?!The Ethereum market moves sideways today. There is a clear triangle formation that creates a good trading setup. There are two possible scenarios that may develop. First, the price is at the structure (red box) that acts as mini support. The price may bounce back and go up as we saw the market was bounced everytime it touched that zone. The second scenario is the breakout. If the price breaks this trendline (dynamic support), it is more likely the price will go down and will be selling opportunity.
Quo vadis ETH / EtherEther relies on its smartcontract / ERC20 capabilities to justify its place among the top 3 cryptos. It is less a currency than more a technology token. Technology however is poised to improve fast where the latest hottest tech tends to replace the former leaders fast and furious.
Anyone remember search giant Altavista? Does anyone still use Yahoo to search? Nokia? Motorola? Blackberry? Palm? Once tech leaders now fallen angels.
Carefully watch the next smart contract contenders.
Neutral.
ETHUSD: Potential Bat Pattern - ETHEREUM H1The ETHUSD price didn’t move much last few hours. Also, it is weekend and no strong momentum expected at those times. There is a structure high at $770 area, which acts as resistance level. If the price go close to that level then, it is expected that new sellers step in and price bounce back. Moreover, there is a potential bat pattern formations, that increases the probability of this trade.
T1- 38.2%
T2 – 61.8%
ETHUSD: Ethereum Bat Pattern | Harmonic TradingAs many other cryptocurrencies, ETHUSD experienced significant fall as well. There are strong bearish bar on H4 ETHUSD chart and it getting close to previous structure low at 556. These sellers are going to lock their profits sometime soon and new buyers are going to step in as well. The best key area seems to be that structure low.
Moreover, the price forming Bat pattern, which provides exact guidance for entry and exit. It is getting close to entry point of 88% Fibonacci retracement and it could be a good opportunity to go long.
T1- 38.2%
T2 – 61.8%
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V2:T1_XMRETH_Long_UPTREND!Very interesting trade. Curious to see how it plays out. Daily and 2 hour chart shown.
Entry targets and stop levels shown on chart.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!