ETH-USD
Ethereum Roadway!Hello traders,
Here is my idea on #ethereum for the next few days.
I wouldn't enter now until a clear direction is given by this coin, it looks like a hold for me.
We could expect a small movement to the upside to about $390 (as bulls are still in control)
Lets see what more information it gives us in the next few days.
Happy trading!
ETHEREUM (ETHUSD) - 1D - Trade In ProfitIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: ETHUSD
Time frame: 1D
What Has Happened So Far:
HAve been posting about this trade for around a week now. The main point to take into consideration was the MACD EMA's crossing over the centre line. This tends to be a bullish move and today's price action has confirmed that!
What am I Looking to Happen:
If you bought when I posted the initial idea you would be up around 13%. I am still looking at more upside, the reason being is that the two EMA's on the MACD have not fully cleared the historic price (red bars on the MACD). I believe you will still see more upside in Ethereum, perhaps to the 400 level.
Target Profit: 400.00
Stop Loss: 0.00 (NA)
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
ORIGINAL:
ETHUSDI like ETH very much and hope that we can see it reach previous highs once more. Currently seems that ETH is going to me in the $280 - $305 channel as we wait for BTC markets to reestablish stronger support lines. Once we see a break of the double top at around $310 we can start going long up to the next resistance line at $340.
Comment some Idea's if you trade crypto's and have an interest in ETH and their blockchain.
ETHUSD short term sell and long term buyI have had this chart for a few weeks now and i thought about sharing it here in case it can help someone.
ETH is going to touch the $135 area. Around $190 we can look for a consolidation or maybe a small retrace(mostly consolidation, i don't expect retraces on ETH) and the sell the flag(breakout).
If you go short think of closing your sells around $135.
If we break that "support" on that area then we will most likely reverse and continue for a bigger up wave.
To sum it up, go short whenever you find an entry between now, $206, and $190. If you have a big margin, you can even sell now.
Close sells around $135 and when we break that support wait for retrace to buy long term.
ETH USD!!we are looking at ETHUSDT here
i am a btc trader however it will help you and everyone alike to make sure you are watching dollar values to better understand the movements of your btc coins!
here we see a nice elltiots wave 1-5 up to a A-C correction. at this point we should see a nice bull run set off!
as elliots waves a classically fractal patterns i wouldnt be surprised to see rectangular green section to be wave 3 of a larger picture wave!
we should sit sideways on the btc value for the nect few days until we make our usd bottom at which point ETHUSDT and ETHBTC will show us what its made of!
i foresee a thievery of value from btc which should push ETHBTC back into its rightful position of NUMBER 1 ALT COIN!!
anywhooo enough of that
watch the charts
watch the news
watch the gains
good luck ladies and gentlemen
the trading tradie...
Goldilocks is in trouble! The ETH Bears are back!We had a nice run up on ETH today but we're not out of the woods yet. Currently the 1 day MACD is getting weaker and shifting to negative, and we see an rising wedge forming on the 1 day candles characterized by the decreasing volume and trend lines getting closer. If we fail to make a new high and break below the EMA or sub 305, we could be in for some serious retracement. For further movement upward we would need to see above 335, and 280 is in the cards if we fail.
ETHUSD, new bearish pattern continuation (Sym triangle)Looking at ETH/USD on the 1 hour charts, we see a strong resistance line drawn above which price has bounced off multiple times. This was setting up a bullish triangle, that was broken (shown by dotted green trend line). The current short term trend is bearish now. We must redraw our trendlines.
We start off with a bearish channel that has been broken, shown by the parallel red dotted lines. A new formation is taking place in short term chart, which appears to be a symmetrical triangle. This would appear to be a continuation pattern for another small downward trend. This puts us at the resistance level of $280, (31% fibonacci level), and price should bounce from here, or form new pattern.
If we keep our eye on the charts, we should keep our eyes on the resistance levels as this will be our key to whether a reversal or continuation will occur. If we see a bounce from $280, this was a minor profit taking, we should redraw at this point.
However if we see a bounce occur with large volume at either the 61.8% or 50% support levels (resistance levels for bearish trend), we may act upon these. These represent good buy opportunities and are represented by the black dotted horizontal lines.
Pay special attention if price reaches these levels. If we see it blow past, we know there is some failure happening, and we will be bearish and redrawing patterns. However, if price maintains this level and bounces upwards, we should see the resistance level turn support with further upward momentum. Keep in mind this is a 1 hour chart, so look closely at 4hr, and 1D charts for further confirmation.
Let me know your thoughts!
ETH Bullish pennant formation Bullish rectangle breakout incominWhat ever happened to a pictures worth a thousand words? Eth has broken loose from UAHF FUD. The previous breakout was nothing in comparison to what is to come. Zoom out, look at the cup and hand whose left lip rests on ETH ATH on 6/11. Buy and hold. Or head over to your local bitmex and bet all those btc youve been bag holding all of this time. They are worth so much! Put them to use!