Ethereum Elliott Wave IdeaLooks like a nice triangle appeared on ETH possibly indicating a wave 4 completed there just before the push up to $2800, then a retrace back to 0.618 for what could be the end of a larger wave 2
Ethererum
Heading into 50% Fibonacci ResistanceEthereum (ETH/USD) is rising towards an overlap resistance that has been identified as the pivot. Could this crypto-currency stall around this level before potentially reversing to drop lower towards the 1st support?
Pivot: 3,283.31
1st Support: 2,951.92
1st Resistance: 3,687.36
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Ethereum- Will it drop to 1800 zone?Yesterday I said that my target for the correction is 2600 and pointed out very clearly that this is a correction, not a resumption to the up trend.
The cryptocurrency reached 2550 and reversed very strongly, trading now at 2300.
This is a very clear sign for me that EthUsd has more to fall and the most obvious support on our daily chart is 1800 zone
Ethereum Dominance looks ready to moveEthereum looks ready to move just a bit higher. This recent move where BTC dropped in value and traders swapped their BTC for ETH. We just noticed it has gone up and to the right for a while now. People will take profits on it soon and that upward Energy will wane. Or it's about to continue higher into end of the year. After that shake out we just had, its still looking strong in the short term. It's anyones guess in this Choppy December.
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USDCAD D1 - Long SetupUSDCAD D1
Of course, inline with the DXY break we have seen, we have obviously got various USD*** bull break setups and ***USD bear break setups.
We have seen an initial rejection of 1.27800, not so much interested in the short setup we have indicated, more so jumping in with the bullish move from 1.26250 support up to 1.27800 again with the chance up breaking upside inline with further USD strength.
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STOP @ 69
TARGET 1: 93
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ADA (Cardano) Entering a Large Weekly Channel: 40% UpsideADA has entered a channel of little resistance and price discovery. Measured ascending triangle targets coincide with the next likely levels of candle body resistance.
Ethereum - $281 mid term targetWeekly chart shows pattern following a similar Bitcoin correction pathway. We are seeing corrective bounce in progress due to hit $280 - $300 range before last dump down to possible $20 zone.
There is a possibility of the beginning an uptrend in IOSTETHTechnical analysis:
. IOSTOKEN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic above.
. The RSI is at 52.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000047 to 0.000042). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000047)
Ending of entry zone (0.000042)
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Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
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