Ethereum Expected to hit $335.Ethereum - We look to Sell
We have seen this rejection of rallies again overnight with 355 becoming a formidable barrier.
However, with the intraday chart now highlighting l ower highs we are possibly forming a descending triangle pattern.
The bias is still for lower levels and we look for any gains to be limited .
Our outlook is bearish.
Support is located at 335 and should stem dips to this area.
Short term MACD has turned negative .
Short term RSI has turned negative .
Resistance: 347.0 / 352.0 / 358.0
Support: 345.0 / 340.0 / 334.0
Signal Centre
ETHEUR
(ETHEUR) Ethereum Fractals: €905 or €188?ETH has broken away from it's 2017 fractal structure, now suggesting a return to the norm of the VPVR point of control around €188 ($221) may be in play. Expect the 150 MA at €274 ($322) to be defended if price falls lower, as well as the old resistance level of the 2-year long resistance trend-line, followed by volume and long-term moving average support within the €181-204 support level ($213-240).
Either way, a 67% retracement from recent higher highs wouldn't be out of the question, as it would still confirm a bullish long-term structure of macro higher highs and higer lows over a 20 month long period. Neither would a 3x from the current level of the 0.618 fib retracement to the 2.618 fib projection.
If price breaks down from the neutral zone, it's also likely that it won't complete the 2019 winter fractal, instead finding long-term support from the VPVR point of control as well as 50 & 100 Week MAs, that represent median prices from the past 1-2 years approximately.
This is no time to be going short imo, only to be eyeing up the dip. October vibes are telling me to be patient before longing any more ether.
Bitcoin dominance continues to consolidate at the lows around 60 in a bearish manner, but ETH remains in no mans land.
Altcoin Speculation Coming Soon...
Altcoin Dominance Eyeing Up A Breakout to 40%
ETH/BTC (Daily Downtrend?)💎Technical Analysis Summary💎
BINANCE: ETHBTC
-Ethereum has seen weakness after creat two Lower Highs and Lower Low
-We can also see a trendline resistance keep the Bears in control
-If ETH will keep pushing down, the potential strong support is at 29k-28k sat
-But if the trendline is broken up, I recommend to buy the breakout or pullback
-The price could revisit the 41k sat region
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ETH/USDT (Upward Trendline Still Valid?)BINANCE: ETHUSDT
-Ethereum tested the upward trendline of support
-We saw a good bounce from 307 up to 391 dollars
-So the uptrend still valid during this time
-But the Bulls must defend the local support around 330 dollars
-Where the trendline coincide and the 100D dynamic support
-My Daily period bias is still with the Bulls
-As long as this trendline of support is holding
-Long position traders will definitely have stop loss below $305
-And targetting the recent swing top at 489 dollars
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
**If you like my daily Published Ideas
**A little help by supporting my Channel
**Through leaving a Thumbs Up, Comment & Follow
**Happy Trading! --> Thank you! :)
ETH retracement to 325+ EUR then back to realityHi, just as simple as I could explain, we are in middle of retracement which has only one purpose, to make retail investors forget about the downtrend and start thinking that bull run resumed.
How I trade this:
- I entered long around 300 EUR
- Will Hold my ETH until 325+, then go full cash and wait for short opportunity.
- I expect few big spikes to lead around 325 even 330, but just to fill the orders of the shorters and big players.
Concerns:
- Retracement could end even faster if BTC cannot move above 10.4-10.5 in near 1-2 weeks.
ETH: Short Term Relief Bounce Possible - Bullish RSI DivergenceHello Traders,
We are ready to introduce to you a new possible long idea that may be worthwhile taking for the intraday traders. We are seeing three fantastic technicals that might possibly lead us to a slight relief bounce:
1. RSI bullish divergence
2. Descending Parallel Channel
3. After a 15-16% drop within the past 24 hours, we are still seeing a higher low on the RSI, which is indicating that people may be wanting to secure the lower $400 levels.
Remember, this is a short term trade. We can most definitely see more downward pressure, but the wholesome idea remains the same based on the current technicals as of currently (at the time of writing).
Trade Safe.
X Force
ETH/USDT (Test the Golden Fib?)ETH/USDT
-Ethereum is pulling back to the average after the recent BTC dump
-There is still -5% downward potential before it touches the major support
-The $400 area of support is a confluence of previous resistance, .618 Fib, and 100MA+200MA
-If ETH gets to this level, wait for any price reaction or rejection in here
-This will give you bias that this area is highly a strong support
-Potential swing point entry for upside continuation
ETHUSD Ethereum | SWING - 1. September. 2020Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
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Ethereum is heading to the upside after breaking the symmetrical triangle several weeks later and on its way to the price of $ 591, it may exceed this price if the resistance is broken. BTCUSD ETHUSD EURUSD
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
ETH: Possible Head and Shoulders Short Opportunity!Ethereum is currently painting a possible large head and shoulders pattern that could lead to lower prices if bulls are not able to secure this area. A head and shoulders is created when we see a large inflation in price after a small consolidation, then a large drop, which is then followed by another consolidation phase.
We believe that if played out correctly, a drop of about 15-20% can occur based on our observations.
Please take a look at our previous post on Ethereum's bullish and bearish cases:
Trade Safe.
X Force
ETH: Bullish Case Negated? - Bearish Confirmation? (Aug. 22)In our previous update, we have mentioned a possible ascending wedge that may have secured the psychological support at $400 USD; however, with Bitcoin confirming a change in trend with a clear bearish divergence, Ethereum is now following the footsteps of Bitcoin's price action:
Technicals:
1. Support is now turned to resistance, possibly.
2. RSI is creating higher lows and struggling due to Bitcoin.
3. A possible consolidation above $350 can create a possible HnS pattern (Head and Shoulders)
4. If played out, we can accumulate more ETH at sub $300
Trade Safe.
X Force
Ethereum / Dollar may rise 1638 - 2182 pipsOur pivot point stands at 427.29.
Our preference
The upside prevails as long as 427.29 is support.
Alternative scenario
The downside breakout of 427.29 would call for 418.26 and 412.89.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 426.37 and 418.24). Finally, the Ethereum / Dollar has crossed above its upper Bollinger band (433.55).
Supports and resistances
467.20 **
461.76 *
456.31 **
450.87
434.49 last
430.84
427.29 **
418.26 *
412.89 **
ridethepig | ETH Market Commentary 2020.07.24⚡️ ETH Fast Flows...
A very technical picture here... The traditional rule for BTC and other major cryptos, when the tide rises all boats rise. In order for this to be successful, the terrain on which we move forward must somehow be positive for Crypto as a whole. The characteristics of confidence in public assets is diminishing, various capital movements are screaming precisely that.
For example, here the pullback was so shallow we are forced into playing the momentum gambits which continue from that point onwards. So the next flow to consider here after the break of the fortified sellers defence is for a test of $300.
All the operations will create new threats and strategically valuable areas which will strive to dissect although with very moving markets it can be difficult go get the ideas published here in time. The fact that BTC is gunning for $10,800 is very positive and clear proof of the underlying strength of the crypto crowd.
Note also the manoeuvres on the break which often become pivotal!
As usual thanks for keeping the feedback coming 👍 or 👎
Ethereum: Long Term Reversal Pattern Analysis 1W (Jul. 25)X Force Global Analysis:
In this analysis, we explore Ethereum's weekly chart, exploring bullish proabilities through technical analysis.
Analysis
- The first thing we can spot is how oversold Ethereum (ETH) is from its all time high point.
- Ethereum has and has been dropping for almost over a year, having bottomed out at around 83 USDT
- In doing so, it has created an Adam and Eve pattern, a well known bullish reversal pattern
- The neckline of the pattern is located at 370 USDT, marked by the dotted green horizontal line
- We have seen prices break out from the descending trend line resistance, marked by the dotted white line
- This indicates that Ethereum has completed its phase of consolidation from a descending triangle pattern that has formed during a downtrend
- Other signs of bullishness can be shown through the Exponential Moving Average Ribbon and Ichimoku Cloud
- The EMA Ribbon has formed a golden cross for the first time, marking the beginning of a potential bullish rally
- Prices are also trading above the EMA ribbon, indicating strong support
- It's also important to note that we have broken above, and are currently trading above the Ichimoku cloud as well
- Based on the long term Fibonacci retracement, we could expect strong resistance at 400 USDT
- Combining all evidence with the Adam and Eve pattern, we could technically expect the pattern to play out up to 760 USDT for the long term
What We Believe
We believe that Ethereum's outlook is extremely bullish. While is is temporarily lacking momentum due to recently having broken out, technical evidence for the long term suggests probabilities for a bullish rally with huge upside potential.
Trade Safe.
ridethepig | ETH Market Commentary 2020.07.23The number of available entries in ETH, to a certain extent compensates those short-term speculators as we can get this to $300.00 relatively quickly with no more protection.
=> As the saying goes.. ' A rising tide lifts all boats '
This illustrates the play on the BTC wings. It is also characteristic for the fearless to generate alpha and neglect sellers weakness across the major cryptos. ETH will benefit from the general optimism around the Crypto board as well as the latent dollar weakness. I wouldn't be surprised if we saw more ETH buying, especially since EOS is likely to remain in first gear for the foreseeable future.
Here $250/$255 is the preferred entry.
...a momentum break above $270 is also worth considering if we are unable to get enough size on the pullback. There doesn't seem to be any significant resistance level from here, will track $300.00 as a healthy target.
Thanks as usual for keeping the feedback coming 👍 or 👎
ETH/USD (Bullish Daily Pattern?)ETH/USD
-price action has been making a series of Higher Lows
-and a clear flat area of resistance making an ascending triangle
-to confirm this pattern, we need to see a break above the area of resistance
-if that happens, buyers will start to jump in to move the price higher
-technically, bulls have the chance to win this game in my opinion
-but let us all wait for the confirmation before making a big decision :)