Etherium
get ready for big pop from ethereumthis is excellent, Ethereum is breaking out of its ascending triangle, any day we are going to see a major push towards 300.
the daily and weekly both showing a brake upwards out of this reversal ascending triangle.
buy signal just popped up on the weekly. shits about to get real
Etherium Price Projection fib extention + elliot wave targetTarget is 1.618 fib extension from current bottom. Currently we can make a little c move down before get into the larger 5th wave up to get to price target of 1.618 fib extension. Please correct me if you see any drawing mistakes. Like, subscribe and share, peace!
ETHUSD targets reached: Ethereum re-entry zones to watch.ETH topped at the Green 4.236 fib extension.
I did not have time to post an idea, but I mentioned its top in Crypto Chat as seen at this link:
www.tradingview.com
Now looking for support zones.
Upon measuring the first dip from the 4.236, the green zones in live chart above are what I see for possbile re-buy.
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Background :
My ETH journey started a Fib observation from the bottom
Once that played out, I was looking for the retrace zones to enter long again
Above zones played out and as bounce progressed I saw 152 and 156 as possible targets
Then I saw the top coming, sold, and was looking for re-entry zones:
Got some long scalps in per above plan, then I saw another leg down to come
The above plan kinda worked, but ETH was more bull than I thought. So now that we have hit another top, watching support zones with current plan
My Advise on Etherium based on T.A Here I'm telling you some of my opinions on ETH/USD
So many people asked me that they should invest in Etherium now or not? Is this profitable to buy now?
When I watched the 1day time frame chart, I found now is the most risk involves.
Technical
1. EMA 50 is acts as resistance in last 10 months. Price tried to break several times but it failed.
2. Price is in downtrend and RSI level is near 70. So it indicates price will come down.
3. Investors will come in near support zones, So I have drawn a downward support in l]red line . Why I consider this line as support ? because price touches this line 3 times, and when it touches price pumps and touches the resistance.
Fundamenta l :
1. Currently Etheruim facing the scale-ability issues.
2. If price falls and continues its down trend for next 1 month, then price can drop another 70%
I will buy if price falls in red line or confermation of up trend.
"Sometimes doing nothing is the best thing"
Ethereum is facing some resistance at $122.66.The 20-day EMA is gradually turning up, and the RSI has climbed above the 50 level. This gives us confidence that the short-term trend has changed in favor of the bulls. However, the long-term trend is still down as the 50-day SMA continues to slope down.
After a long downtrend, we expect the ETH/USD pair to form a basing pattern before starting a new uptrend. On the downside, any dip will find buyers at $100 and below that at $83. Our bullish view will be invalidated if the price plunges below the Dec. 7 low.
Ethereum The Fall of ConstantinopleGreetings from Benice team!
Ethereum is demonstrating a nice bounce! It is a little less than a month until the hard-fork called "Constantinople" arrives. A lot of things can happen during this time. However, we haven't seen a reversal signal yet. In this case, Bitcoin is a solid indicator of the market situation. If it overcomes 4350 and settles above it, then we will be able to talk about a reversal. Before it happens, we would consider all growth points as points for locking in current positions in order to re-enter below.
The support points of Ethereum are at levels 94, 86, 70 and 50. According to the Fork pattern, the first targets at the top are 129 and 148.
The current situation of the RSI index indicates that the coin is locally overbought. Wait for Ethereum to reach the first target of the decline at 94. Depending on the market behavior, make a purchasing decision.
Follow our updates of the idea!
ETH roadmapETH is close to breakout of weekly descending trendline. If that happens, it may continue growing to the top of the channel at 300. But it has such a negative momentum and bear trend, that I doubt it. Most probably get stuck within 280-290 range.
Week chart
If BTC for some, any reason, won't continue bullish reversal, ETH will continue falling towards 230.
ETHUSD BUY IT AND PROFIT!Buy Price: Green Zone
SL: Red Line
Profit: Blue Lines!
Invest Suggestion: 20 Percent
Profit Expectations: 10 - 30 Percent
Looking at the chart of ETH, we could see that is near of it historical low!!
We Have the 13 HMA touching the 34 HMA(inevitably going to cross) and i expect it to cross the 50 HMA ( if this happen, you could expect at least 30% profit), indicating that we have a growth tendency!!
To expect the 13 HMA cross the 50 HMA , you can observe that resistance line( Purple line) , if break it, the chances to cross are too high !
MACD blue line almost touching the MACD orange and ANN strategy is in green zone!
* In 4H chart, all the indicators point to buy, but the price could drop a litte due to correction( ETH increased 20% in the last 2-3 days), so be free to buy inside my green zone) *
Sell when you get some profit, according the way you trade.
Keep following us and please like this idea.
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Thanks for visiting.
ETH point of balance analysisA long time ago I watched a trading video by a guy who really impacted the way I view the market. He talked about how there are magnets. (Points where price is drawn to and then rejected from-like a magnet.) To me it makes sense not just in the sense of market maker and large players having key levels they will defend and target. It also makes sense from more of a "metaphysical" stand point. If there are waves ebbing and flowing through webs of fibonacci levels it could be postulated that some of these levels are magnetic. Indeed it can be observed as price often returns to a level again and again before often rejecting from them.
Another interesting aspect of magnet levels (support and resistance levels with abnormally high interaction) is that once price passes them it often shoots back as if there were a rubber band from the magnet area. I believe these points of balance can be seen on the chart. For example here I can just sense that the .618 is a possible magnet. If price passes this level it will tense the rubber band from this 109.81 level and shoot back upward. Can you see it? Can you feel how if price passes here it will have gone too far? I can. However there is no guarantee that price will go to a magnet just because it's a magnet. There are always magnets in both directions. Just as there are players with opposing positions. In the end the magnet with the most "pull" wins.
Well that's my theory for the day. I'm off to lunch with one of my beautiful women.
Trading CFDs on margin carries high risk. ETHUSD is approaching our first resistance at 121.77 (horizontal overlap resistance, 100% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur pushing price down to our major support at 102.58 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (55,5,3) 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.
Etherium & Litecoin - Bull Trap ahead !(This analysis is the same for LItecoin!)
3 waves have been completed since the high of 1400.
I think we might be in an impulsive wave down noted by the Alt : X count. (yellow boxes)
Or in a (ABC) move (pink)
In both cases, price is (close) to a bottom therefore should startht to find it's way a bit higher.
The question is, how high will it go ??
My prefered thought is, it will try and test the upper channel line, probably break a bit outside of it but still fall lower after.
I don't think we have seen the end of this bear market because majority of retail traders are still mostly long positioned on all cryptos and unless there is a shift in sentiment and traders start going mostly short by the time we touch the upper channel, I don't think price will go any higher.
Once we reach a higher price, we also need to look at the subwaves to figure out if we are in a correction or starting a new rally higher.
**Conclusion**
We will see price go higher but it's going to be another bull trap, so, don't buy into it !