ETHUSD new high neededEthereum is attempting to push higher in early Wednesday trade as the second largest cryptocurrency by market capitalization holds above major weekly support. Buyers need to break above the current 2019 trading high in order to encourage fresh technical buying in the ETHUSD pair. The Ichimoku indicator is currently showing that the $160.00 and $148.00 levels are the key support levels to watch.
The ETHUSD pair is only bearish while trading below the $160.00 level, key support is found at the $148.00 and $125.00 levels.
If the ETHUSD pair trades above the $160.00 level, key resistance is found at the $185.00 and $210.00 levels.
Search in ideas for "Ethereum"
ETHUSD bearish below $158.00Ethereum is under downside pressure on Tuesday, with the second largest cryptocurrency by market capitalization trading towards the $150.00 level. The ETHUSD pair has a bearish intraday bias while trading below the $158.00 and could weaken below the important $145.00 level. The daily time frame is currently showing that critical weekly support for the ETHUSD pair is located at the $130.00 level.
The ETHUSD pair is bearish while trading below the $158.00 level, key support is found at the $145.00 and $130.00 levels.
If the ETHUSD pair trades above the $158.00 level, key resistance is found at the $170.00 and $185.00 levels.
ETHUSD below critical supportEthereum is under downside pressure on Friday, with the second largest cryptocurrency falling below major weekly technical support. The ETHUSD pair has failed to gain bullish momentum this week and has so far found support from the $145.00 level. The bearish head and shoulders pattern on the four-hour time frame remains key, with the ETHUSD pair now trading below neckline support, at $155.00.
If the ETHUSD pair trade below the $155.00 level, key support found at the $145.00 and $125.00 levels.
If the ETHUSD pair trades above the $155.00 level, key resistance is found at the $165.00 and $179.00 levels.
ETHUSD bearish pattern loomsEthereum is starting to erase Friday’s solid gains as the second largest cryptocurrency comes under early week selling pressure. A bearish head and shoulders pattern is looming over the four-hour time frame, with bulls needing to move price above the $185.00 level to invalidate the pattern. Key intraday technical support for the ETHUSD pair is found at the $154.00 level.
If the ETHUSD pair trade below the $160.00 level, key support is located at the $154.00 and $140.00 levels.
If ETHUSD bulls defend the $160.00 level, key resistance is found at the $175.00 and $185.00 levels.
Ethereum Short/Mid term target ($240)(Personal opinion - NOT A FINANCIAL ADVICE )
Since Bitcoin broke all the recent resistance levels like a hot knife slicing through a piece of butter, we do have a lot of reasons to be bullish on Cryptocurrencies for the mid term.
Dips on $ETH are worth buying and I'd consider levels below $150 to be a good buy . The price-action-squeezing triangle can seemingly breakout either ways so I'm going to be
cautious if the price is not able to maintain the bullish bias in the short term.
Sentiment would soon incline towards "GREED" in no time and we'll see moon boys screaming $10,000 BTC soon.
So beware of that kinda sentiment. I strongly believe we need to retest the lows again in order to maintain a Price - Strength for the next bull run!
Trade with caution and responsibilities, always hedge against your risk and never forget Stop Losses.
Ethereum #ETHUSD next target is $787The price of the ETHUSD apparently moves towards the level of $ 787, which is the abolition of 38% Fibonacci previous decline. To reach this level, the price must be above $ 712 after the end of wave 4. The closest support for bulls is the level of $ 519 and $ 510.
Breaking the market above the golden downward trend line is promising in itself and may indicate that the downward trend in this cryptovalue has ended.
ETHUSD - Implacable descending channelEthereum ranks second in the cryptocurrency ranking. The capitalization amounts to more than 80 billion dollars and its price has fallen by over 4% in the last 24 hours.
ETH quotes move in the inheritance channel. We currently see a price rejection from its upper limit. The price goes to support at 791.5 USD. If it is broken, the next target will be around 576.5 dollars. Alternatively, if 791.5 USD support is able to stop the price from further declines, the nearest barrier for further increases will be 982.5 USD.
ETH/USDETH/USD(Bitfinex)
Ethereum has seen a price jump due to the hard fork fever but couldn't manage to sustain momentum and dipped 25%+ recently after the hard fork got over.
Bullish Case:
After the recent drop it tested the support level of $116-$117 and jumped(15%+) to $131 price level recently.
If it manages to hold this level $116+ and breaks $151+ price level then we might test $200 level in the coming days/weeks.
Bearish Case:
It manages to break the long term downtrend-line(dotted line) but couldn't sustain above it long enough due to recent sell off.
If it doesn't hold the $107-$111 level then it might see price level below $80 in the coming days/weeks.
Overall the recent case of price movements for ethereum has been "Buy the rumour , Sell the news" example which happen quite often in cryptocurrency.
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (146.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/US Dollar 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 support.
. The RSI is at 65.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Take Profits:
TP1= @ 163.30
TP2= @ 191.75
TP3= @ 223.20
SL= Break below S2
A trading opportunity to buy in ETCETHTechnical analysis:
. EthereumClassic/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 support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.03182 to 0.02924). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.03182)
Ending of entry zone (0.02924)
Entry signal:
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, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.034943
TP2= @ 0.037824
TP3= @ 0.040771
TP4= @ 0.044862
TP5= @ 0.050730
TP6= @ 0.063500
TP7= @ 0.088800
TP8= @ 0.109300
TP9= @ 0.129800
TP10= Free
A great trading opportunity to buy in ETCETH . just catch it!Technical analysis:
EthereumClassic/Ethereum is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 52.
Trade Setup:
We opened 10 BUY trade(s) @ 0.03178736 based on ' Bullish Engulfing' entry method at 05.07.2018.
Take Profits:
TP1= @ 0.0336
TP2= @ 0.0384
TP3= @ 0.0440
TP4= @ 0.0635
TP5= @ 0.0888
TP6= @ 0.1093
TP7= @ 0.1298
TP8= @ 0.1962
TP9= @ 0.4570
TP10= Free
There is a trading opportunity to buy in ETCETHTechnical analysis:
. EthereumClassic/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 support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02450000 to 0.02247455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02450000)
Ending of entry zone (0.02247455)
Entry signal:
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, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.027150
TP2= @ 0.029500
TP3= @ 0.032900
TP4= @ 0.037824
TP5= @ 0.040700
TP6= @ 0.044862
TP7= @ 0.050730
TP8= @ 0.058700
TP9= @ 0.069900
TP10= Free
There is a trading opportunity to buy in ETCETHTechnical analysis:
. EthereumClassic/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02440000 to 0.02247455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02440000)
Ending of entry zone (0.02247455)
Entry signal:
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, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.02715000
TP2= @ 0.02950000
TP3= @ 0.03290000
TP4= @ 0.03782400
TP5= @ 0.04070000
TP6= @ 0.04486200
TP7= @ 0.05073000
TP8= @ 0.05870000
TP9= @ 0.06990000
TP10= Free
There is a possibility for the beginning of an uptrend in ETCETHTechnical analysis:
. EthereumClassic/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.03180000 to 0.02930000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.03180000)
Ending of entry zone (0.02930000)
Entry signal:
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, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.034943
TP2= @ 0.037824
TP3= @ 0.040771
TP4= @ 0.044862
TP5= @ 0.050730
TP6= @ 0.058700
TP7= @ 0.06990
TP8= Free
A New Trading Opportunity to Buy. TP3 hit with 1892587 profit...ETHEREUM/DOLLAR
New trading suggestion:
The price is in an up trend and we forecast the uptrend would continue.
There is possibility of temporary retracement to suggested support line (527.285) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 527.285 is not broken, the Midterm wave will be uptrend.
Price may also reach 527.285, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 527.285 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 58.
Total Profit: 1892587 pip
Closed trade(s): 398171 pip Profit
Open trade(s): 1494416 pip Profit
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 04.11.2018. (we use SimpleFX.com standard charts as reference.)
Closed Profit:
TP1 @ 475.300 touched at 04.12.2018 with 55057 pip Profit.
TP2 @ 553.100 touched at 04.19.2018 with 132857 pip Profit.
TP3 @ 630.500 touched at 04.22.2018 with 210257 pip Profit.
55057 + 132857 + 210257 = 398171 pip
Open Profit:
Profit for one trade is 633.731(current price) - 420.243(open price) = 213488 pip
7 trade(s) still open, therefore total profit for open trade(s) is 213488 x 7 = 1494416 pip
Take Profits:
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
[b]Trading suggestion:[/b] ". There is a possibility of temporarTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1345).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Ethereum/TetherUS is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1438
TP2= @ 1540
TP3= @ 1700
TP4= @ 1850
TP5= @ 2000
SL= Break below S2
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Don't miss the great buy opportunity in EthereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (147.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD 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 support.
. The RSI is at 61.
Take Profits:
TP1= @ 178.75
TP2= @ 200.40
TP3= @ 235.45
SL= Break below S2
A second Chance to Buy in ETHUSD ...New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
*There is still a possibility of temporary retracement to suggested support line (440.100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (440.100).
Entry signal:
Signal to enter the market occurs when the price comes to "supportline" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 440.100 would begin in Midterm.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented the price from more losses.
The RSI downtrend #2 is broken, so the probability of resumption of the uptrend is increased.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 44.
Take Profits:
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.
Total Profit: 1328174 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 620946 pip Profit
Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip
Open Profit:
Profit for one trade is 523.734(current price) - 420.243(open price) = 103491 pip
6 trade(s) still open, therefore total profit for open trade(s) is 103491 x 6 = 620946 pip
There is a Second Chance to Buy in ETHUSD ...New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
* There is still a possibility of temporary retracement to suggested support line (496.730). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 496.730 is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented the price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.
Take Profits:
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.
Total Profit: 1584266 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 877038 pip Profit
Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip
Open Profit:
Profit for one trade is 566.416(current price) - 420.243(open price) = 146173 pip
6 trade(s) still open, therefore total profit for open trade(s) is 146173 x 6 = 877038 pip
There is a Second Chance to Buy in ETHUSD ...New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
* There is still a possibility of temporary retracement to suggested support line (496.730). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 496.730 is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.
Take Profits:
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.
Total Profit: 1584266 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 877038 pip Profit
Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip
Open Profit:
Profit for one trade is 566.416(current price) - 420.243(open price) = 146173 pip
6 trade(s) still open, therefore total profit for open trade(s) is 146173 x 6 = 877038 pip