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Usdeth

Bullish Engulfing Candle at the 300WMA or another Bear Pennant? Price held with a small but steady bounce right at the 300W MA---a support many Market Markers have been eyeing since the 200W MA was broken in BTCUSD. ETH showed an even stronger interaction with the 300W MA support. As well, we see a Bullish Engulfing Candle at the bounce, which has also appeared in BTCUSD, signalling a reversal. This is a promising signal for Bulls, however, will the volume hold up? We already see volume declining, indicating this may be a false signal printed by the daily candles. We can see a possible continuation of the Bear Pennant playing out between the 0.765 and 0.618 Fibonacci Bollinger Bands. The strongest fib levels tend to be 0.618, 0.5, and 0.382. With the 0.618 becoming resistance (previously playing support (follow the green arrows on chart)), and above that the 0.5 band (which played resistance in the previous pennant (follow the yellow arrows on chart)), as well as the 50 Day MA (which has played resistance too (follow the yellow line on chart)), we’ll need significant volume to confirm a reversal. Bear pennants indicate price will continue in trend, so when price breaks above the upper trend line of the pennant/flag formation this typically signals a break in the pattern. A trader may place a stop order at a price in the break-out zone, however, I warn against being caught out in a head fake here for the three reasons mentioned above: 1. Low Volume does not signal a proper reversal at the break, 2. Price is currently trading between the 0.764 and 0.618 levels, with 0.618 being a common level for price to interact with, 3. The 50D MA has rejected the price twice, and trend lines are typically checked at least three times before diminishing their influence. We don’t know if the 50D MA just happens to coincide with the previous two price rejections, but its correlation should not be considered lightly coming into its third check, especially if volume doesn’t peak around that time. IN SUMMARY: I would not advise trying to catch a break above the pennant as you might be caught out by a head fake. The 300W MA did not show a confident rejection, which stands to reason it will be tested again.
COINBASE:ETHUSD
by MiserableToppings
4
DAI Rattled by Ether Price DropAfter the latest Ether price drop, Dai, a decentralized stablecoin built by MakerDAO, showed its reliability and weaknesses. Also, the DeFi (decentralized finance) ecosystem built on top of it. Moreover, the Ethereum-collateralized decentralized stablecoin DAI somewhat maintained its peg to the United States dollar. However, ETH dropped over 18% of its value in less than two hours. The said cryptocurrency fell to $155 on Tuesday from its previous $190. Then, Ethereum holds a price of around $171 as of publishing time. DeFi DeFi Saver, the DeFi protocol service, tweeted on September 24 that due to heavy congestion on the Ethereum network, the system grappled with making all required Collateralized Debt Position (CDP) ratio adjustments in time. Aside from that, a smart contract central administer a loan like CDP to the functioning of the DAI stablecoin. Then, MakerDao wants to add support for other assets. And as of now, only ETH became accepted as collateral for opening CDPs. In addition to that, CDPs facilitate the creation of Dai against collateral, held until they return the DAI. In another tweet of DeFi Saver, it stated, “MakerDAO has a mechanism in place that automatically liquidates CDPs once their collateralization ratio has dropped below 150%.” Also, the firm gives an independent service. And this prevents the automatic CDP liquidation built on top of MakerDAO’s ecosystem. On the other hand, the company acknowledges that due to network congestion and transaction fees, the system failed to protect two monitored CDPs. And this have been liquidated during the process. Nevertheless, the company said that it plans to compensate the tow affected users by the malfunction. It stated, “Although our automated protection is still in beta, our team is disappointed to have let some of our users down and we are willing to recuperate the losses suffered.” And they even invited the two CDPs to reach out to them.
BITFINEX:ETHUSD
by Financebroker
ETHUSD falling analysis, support and resistanceETHUSD daily chart/// I have already told you my idea that the downward trend has not ended. And I've published graphics about it. The price is currently standing in the support zone in early 2017 The purple lines are trend lines and the red one is our most important support point You can see other support and resistances in the chart ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me . May 25 - ETHUSD daily chart about SHS formation
BITFINEX:ETHUSD
by KasaDairesi
ETHUSD H&S Trend reversalETH has a head and shoulder formation at the top, showing a trend reversal. This has recently broken out, and we can expect a downtrend. We can see the 50 EMA and the 200 EMA almost crossd each other, however if we continue in the downside, the 200 EMA will keep moving above the 50 EMA, as a bearish sign. Also the 50 EMA was working as support, however with this recent breakdown it had failed as support and we can expect more bears to enter the market. ETH is also breaking below the 0.618 level. On the other hand, we're still in the pink downtrend channel. Also the MACD had several fails to have a bullish crossover. With all these indicators I have placed a target on the 820 area for the H&S. Take into account, we're closing the day on the dowtrend channel with BTC.
Short
by CryptoChica
ETH/USD at key supportAfter an amazing uptick since the first of the year on ETH/USD, we're not seeing it retrace back to the second fibonacci level at around 1,117. We have yet to break through, and if the support holds, we should see a reveral within the next 12-24 hours. If we break through the 1,117 level, look for a continued drop to ~1,000, which was last seen on the 8th for a few hours. The strongest level of support below that is at around 950, which should prove to be the lowest point in this consolidation. Feel confident in reversing your short to a long around then (if not before)
COINBASE:ETHUSDShort
by bags307
1