ETHUSD formed inverse H&S short term target 243, 265.ETHUSD formed inverse H&S short term target 243, 265.
ETHEREUM trade ideas
ETHUSD Short !Prices have fallen below the 230 level support level,
The fall is likely to continue in the short term.
Near the support level consider going long again.
Feel free to contact me if you have any questions!
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------------------------- 2019.07.15 in
ETHUSD $220.00 key level to watchEthereum is attempting to recover earlier losses after the second-largest cryptocurrency found strong technical support from just above the $200.00 level. Further technical weakness in the ETHUSD pair should be expected if sellers keep the price below the $220.00 support level. Overall, a major test of the Ethereum’s 200-day moving average, just above the $170.00 level, appears likely at some point.
If the ETHUSD pair trades below the $220.00 level, key support is found at the $200.00 and $170.00 levels.
If the ETHUSD pair trades above the $220.00 level, key resistance is found at the $235.00 and $255.00 levels.
ETHUSD further losses expectedEthereum is under heavy technical selling pressure on Friday after breaking under the important $270.00 support level. The ETHUSD pair is tracking Bitcoin lower and is now trading below the neckline of a head and shoulders pattern with a downside target of around $85.00. The $220.00 support level is the next bearish target if Ethereum sellers continue to hold price under the $270.00 level.
If the ETHUSD pair trades below the $270.00 level, key support is found at the $250.00 and $220.00 levels.
If the ETHUSD pair trades above the $270.00 level, key resistance is found at the $280.00 and $300.00 levels.
ETHUSD corrective move possibleEthereum is once again starting to appear comfortable above the $300.00 level as the second largest cryptocurrency tracks Bitcoin higher. A test of demand around the $335.00 level appears likely if ETHUSD bulls can break above the $315.00 resistance level. A confirmed failure to create a new higher high on the monthly chart may also weigh technically on the ETHUSD pair.
If the ETHUSD pair trades above the $300.00 level, key resistance is found at the $315.00 and $330.00 levels.
If the ETHUSD pair trades below the 300.00 level, key support is found at the $290.00 and $280.00 levels.
ETHUSD $265.00 upcoming supportEthereum has started the new trading month poorly, with the second largest cryptocurrency slipping below the $300.00 support level. The four-hour time frame shows that a break under the $280.00 level exposes losses until at least the $265.00 level. Overall, a sustained move under the $265.00 level could trigger a much deeper bearish correction for the ETHUSD pair.
The ETHUSD pair is only bullish while trading above the $300.00 level, key resistance is found at the $316.00 and $325.00 levels.
If the ETHUSD pair trades below the $300.00 level, key support is found at the $280.00 and $265.00 levels.
ETH rally to $570Money from Bitcoin will start to flow into alts now. ETH is due for rally for a long time now while Bitcoin consolidates.
ETHUSD $360.00 topEthereum has started to reverse from the $360.00 level after following higher and surging to its highest level in over eighteen months. It maybe to early to call a top in the ETHUSD pair as a bullish pattern with a target of $490.00 is still in progress. Sellers need to move the ETHUSD pair under the $310.00 support level to encourage short-term sellers back into the game.
The ETHUSD pair is bullish while trading above the $300.00 level, key resistance is found at the $320.00 and $325.00 levels.
If the ETHUSD pair trades below the $300.00 level, key support is found at the $290.00 and $280.00 levels.
ETHUSD may have peakedEthereum is starting to appear uncomfortable above the $300.00 level, with the second largest cryptocurrency unable to make new higher highs on the daily chart. The ETHUSD pair could be vulnerable to heavy technical selling if Bitcoin starts to reverse from the $11,000 level. Overall, unless bulls start to breach the $320.00, the ETHUSD pair shows real signs that the monthly high may have already been made.
The ETHUSD pair is bullish while trading above the $300.00 level, key resistance is found at the $320.00 and $325.00 levels.
If the ETHUSD pair trades below the $300.00 level, key support is found at the $290.00 and $280.00 levels.
A second Chance to Buy in Ethereum...Midterm forecast:
250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 71.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (250.00). 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 (250.00).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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:
Trade Setup:
We opened 12 BUY trade(s) @ 211.39 based on 'Valley' entry method at 2018.09.13.
Total Profit: 112222 pip
Closed trade(s): 15112 pip Profit
Open trade(s): 97110 pip Profit
Closed Profit:
TP1 @ 264.80 touched at 2019.05.16 with 5341 pip Profit.
TP2 @ 309.10 touched at 2019.06.22 with 9771 pip Profit.
5341 + 9771 = 15112
Open Profit:
Profit for one trade is 308.50 (current price) - 211.39 (open price) = 9711 pip
10 trade(s) still open, therefore total profit for open trade(s) is 9711 x 10 = 97110 pip
All SLs moved to Break-even point.
Take Profits:
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950
TP12= Free
ETHUSD $285.00 breakout resistanceEthereum has moved within touching distance of the $280.00 resistance level as the ETHUSD pair finally starts to follow Bitcoin higher. If bulls can breach the $285.00 level a bullish breakout towards the $320.00 level appears the most likely scenario. Traders should track the action on the BTCUSD pair as it is starting to have a strong correlation with other top digital assets.
If the ETHUSD pair trades above the $285.00 level, key resistance is found at the $300.00 and $320.00 levels.
If the ETHUSD pair fails from the $280.00 level, key support is found at the $255.00 and $235.00 levels.
ETHUSD struggles with May highEthereum is coming under slight downside pressure after the second largest cryptocurrency by market capitalization failed to break the May trading high. The bearish pattern on the four-hour time frame has yet to be invalidated, leaving the ETHUSD pair vulnerable to more losses. Overall the next strong directional move is unlikely to occur until the $230.00 to $280.00 price range is broken.
The ETHUSD pair is bullish while trading above the $260.00 level, key resistance is found at the $280.00 and $320.00 levels.
If the ETHUSD pair trades below the $260.00 level, key support is found at the $230.00 and $205.00 levels.
ETHUSD still in the danger zoneEthereum has returned towards the $260.00 resistance level as the second largest cryptocurrency tracks the broader market higher on Thursday. Ethereum is still in the danger zone while trading below the $280.00 as the bearish head and shoulders pattern still remaining valid. Overall, the ETHUSD pair is still tracking BTCUSD fairly closely this week and has yet to break the strong correlation.
If the ETHUSD pair trades above the $260.00 level, key resistance is found at the $280.00 and $320.00 levels.
If the ETHUSD pair fails from the $260.00 level, key support is found at the $230.00 and $205.00 levels.
ETHUSD right shoulder completeEthereum has slipped backed to key neckline support as the second largest cryptocurrency continues to trade in lockstep with Bitcoin. The four-hour time frame is showing that a right-hand shoulder has now formed, which completes the bearish head and shoulders pattern. Sustained moves below the $230.00 level are likely to provoke technical selling, with the $205.00 level the most prominent downside target.
If the ETHUSD pair trades below the $230.00 level, key support is found at the $205.00 and $190.00 levels.
If the ETHUSD pair holds above the $230.00 level, key resistance is found at the $255.00 and $285.00 level.
ETHUSD $230.00 downside level to watchEthereum is back under pressure on Friday, with the second largest cryptocurrency by market capitalization testing towards neckline support. The four-hour time frame highlights that bearish breakdown towards the $205.00 level is possible if price slips below the $230.00 level. Bulls ideally need to lift the ETHUSD pair above the $280.00 level to negate the bearish head and shoulders pattern.
The ETHUSD pair is intraday bearish while trading below the $230.00 level, key support is found at the $220.00 and $205.00 levels.
If the ETHUSD pair trades above the $230.00 level, key resistance is found at the $245.00 and $280.00 levels.
ETHUSD clear range break neededEthereum continues to stage a recovery in early Monday trade after the second largest cryptocurrency found solid technical support from the $230.00 level. The next strong directional move in the ETHUSD pair will likely come when a confirmed breakout occurs from the $230.00 to $285.00 price range. Overall, bulls need to post a fresh yearly trading high to negate a potential double-top pattern formation on the lower time frames.
The ETHUSD pair is intraday bullish while trading above the $245.00 level, key resistance is found at the $285.00 and $325.00 levels.
If the ETHUSD pair trades below the $245.00 level, key support is found at the $230.00 and $205.00 levels.
ETHUSD upward bias intactEthereum retains its bullish short-term bias after the second largest cryptocurrency by market capitalization traded to a new 2019 trading high earlier this week. The $300.00 level may still come into focus this month, although the $325.00 resistance level is the likely target for ETHUSD bulls. A sustained loss of the $260.00 support level may provoke a further technical test of the $245.00 support level.
The ETHUSD pair is intraday bullish while trading above the $260.00 level, key resistance is found at the $300.00 and $325.00 levels.
If the ETHUSD pair trades below the $260.00 level, key support is found at the $245.00 and $220.00 levels.
ETHUSD inside neutral triangleEthereum has recovered higher in early Friday trade after finding strong technical support from the $220.00 level. The ETHUSD pair is currently trapped within a neutral triangle pattern on the four-hour time frame. A bullish breakout from the triangle pattern would take the ETHUSD towards the $330.00 level, while a bearish breakout may see a move towards the $180.00 support level.
The ETHUSD pair is intraday bullish while trading above the $245.00 level, key resistance is found at the $275.00 and $330.00 levels.
If the ETHUSD pair trades below the $245.00 level, key support is found at the $220.00 and $180.00 levels.
ETHUSD breakout loomsEthereum is preparing for its next strong direction move as the second largest cryptocurrency by market capitalization consolidates around the $245.00 level. The cryptocurrency may target the $330.00 level if can rally the ETHUSD pair above the resistance $280.00 level. Sellers could target the $190.00 support level if the ETHUSD pair falls below the current weekly trading low.
The ETHUSD pair is intraday bullish while trading above the $245.00 level, key resistance is found at the $280.00 and $330.00 levels.
If the ETHUSD pair trades below the $245.00 level, key support is found at the $230.00 and $190.00 levels.
