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ETHPROS_TPG8CJ.USD trade ideas

Creating Lines with ShortcutsCreating lines on a chart is one of the most fundamental methods of charting when performing technical analysis . Being able to create these effectively and quickly is a very useful skill to have. Horizontal, Vertical and Cross lines can all be found on the drawings panel to the left of the chart in the subgroup “Trend Line Tools”. These tools can be added by selecting them from the subgroup and then placing them on the chart. However, a more efficient method to creating these lines is to utilize the hotkey functions: Horizontal Line Shortcut: - Alt+H (PC), or Option+H (MAC) Vertical Line Hotkey: - Alt+V (PC), or Option+V (MAC)

 Cross Line Hotkey: - Alt+C (PC), or Option+C (MAC) Becoming more efficient in your ability to draw lines on your chart will allow for quicker identification of areas of support/resistance and times on your chart. Be sure to visit our help center to learn more about these tools! More information on the Horizontal Line tool: www.tradingview.com More information on the Vertical Line tool: www.tradingview.com
 More information on the Cross Line tool: www.tradingview.com
BITSTAMP:ETHUSDEducation
by TradingView
19
Divergence Masterclass 2 - Bullish divergenceIn the last thread, we discussed the basics of divergence. In this thread, we are going to learn about the positive divergence a.k.a Bullish divergence. I'll cover it in 3 parts: 1. What is bullish divergence? 2. Types of bullish divergence 3. Subtypes with illustrations So, let's move ahead! What is Bullish divergence? A bullish divergence occurs when prices fall to a new low while the oscillator fails to reach a new low. It indicates that the selling pressure is decreasing and the bulls may soon control the market. Generally, a bullish divergence occurs at the end of a downtrend. Bullish divergence is mainly of 2 types: 1. Classic bullish divergence – In this case, the price and the oscillator always either forms a lower low or an equal low. Considering these cases, the classic divergence consists of 3 subtypes. The classic divergence occurs at the end of a bearish trend and indicates that a trend reversal may occur soon. 2. Hidden bullish divergence – In this, the price forms a higher low, but the oscillator forms a lower low. Hidden divergence occurs during the correction phase of a trend and is a possible sign for a trend continuation. So, combining all the above cases, there are only 4 types of Bullish divergence. You don’t have to memorize the names, it’s just a waste of time. Try to understand the underlying logic. 1. Strong Bullish Divergence. The price makes a lower low but the oscillator makes a higher low. This means that the sellers are not selling at the same momentum i.e. the selling momentum is decreasing. Price: Lower Low(LL) Oscillator: Higher Low(HL) 2. Medium Bullish Divergence The price makes a double bottom, almost the same level as the previous low and the oscillator makes a higher low. This indicates that at the same price levels, the momentum is increasing. Price: Equal Low(EL) Oscillator: Higher Low(HL) 3. Weak Bullish Divergence In a weak bullish divergence, the price makes a lower low but the oscillator has almost the same low levels. This means, even though the price is decreasing, the momentum is intact. Price: Lower Low(LL) Oscillator: Equal Low(EL) 4. Hidden Bullish Divergence The hidden bullish divergence occurs at less frequency as compared to the other types. In this, the price forms a higher low, but the momentum oscillator forms a lower low. This indicates that even at a decreasing momentum, there is enough buying going on to push the price up. Price: Higher Low(HL) Oscillator: Lower Low(LL) Pro Tip: 1. For bullish divergence, we only look at the LOWS . 2. Don’t memorize the cases. Just understand that if the divergence is occurring at the lows, then the price will reverse in the opposite direction i.e. it will go up. Hence, you just have to spot the divergence, regardless of the name. Please leave your feedback, it'll help me to create better content. Cheers!
BITFINEX:ETHUSDEducation
by johntradingwick
87
Two Candlestick Pattern - Bullish EngulfingA bullish engulfing pattern is a candlestick pattern that forms when a small Red candlestick is followed the next day by a large Green candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks. Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks. Limitations - A bullish engulfing pattern can be a powerful signal, especially when combined with the current trend; however, they are not bullet-proof. Engulfing patterns are most useful following a clean downward price move as the pattern clearly shows the shift in momentum to the upside. If the price action is choppy, even if the price is rising overall, the significance of the engulfing pattern is diminished since it is a fairly common signal. The engulfing or second candle may also be huge. This can leave a trader with a very large stop loss if they opt to trade the pattern. The potential reward from the trade may not justify the risk. Establishing the potential reward can also be difficult with engulfing patterns, as candlesticks don't provide a price target. Instead, traders will need to use other methods, such as indicators or trend analysis, for selecting a price target or determining when to get out of a profitable trade. Important Points- The Green candlestick of a bullish engulfing pattern typically has a small upper wick, if any. That means the stock closed at or near its highest price, suggesting that the Candlestick Closed while the price was still surging upward. This lack of an upper wick makes it more likely that the next candlestick will produce another Green candlestick that will close higher than the bullish engulfing pattern closed, though it’s also possible that the next day will produce a Red candlestick after gapping up at the opening. Because bullish engulfing patterns tend to signify trend reversals, analysts pay particular attention to them. {Source - Investopedia.com}
BITSTAMP:ETHUSDEducation
by TraderLeVeR
Ethereum kinda looking bullishIn the last few days, we saw the ETH price retesting the long term support, we saw a bounce followed by a retest, which could be the beginning of a massive W pattern. We are now in a period of consolidation which is crucial. The 20 and 50 EMA are about to touch each other. If we continue going upside, we might avoid that cross. In the weekly time frame, we haven't seen any bear signs in the EMA, despite the huge correction, we came down to test the 20 EMA and so far we've seen a clean bounce, so technically, we remain bullish. In the next few days, we'll be testing the 20 and 50 EMA, we must remain above them to continue this uptrend. Now, talking about the MACD we are seeing quite surprising levels; in the daily time frame, we are incredibly low. Also, the MACD is sloping up, which, in my opinion, looks like we are going to have a bull cross in the next few days. If we continue like this, it is very likely that in a couple of weeks we retest the ATHs and continue the uptrend. Let me know what you think about this idea.
BITSTAMP:ETHUSDLong
by AlexG3158
ETHUSDETH USD resistance at 3004. Support is at 2019. Demand zone is 1542-1264. Whenever demand zone is tested could be opportunity for accumulation. RSI still not hit the oversold zone. Best decision making time is in Oversold and Overbought zone. Depending on the time frame of the chart and depending on the perspective/vision of the trader, the oversold and overbought may be used. ETHUSD fall comparitively lesser that BTCUSD and other crypto. Pullback will be more used by investors who are stuck up with long position. Lower time frame overbought in 4 hour, 6 hours or even 12 hours on RSI would be opportunity for investors to reduce exposure or take profits 3000 is the resistance if breakout above 3000 is witnessed then rise to 3560 as the supply zone for profit booking or exiting long which could be matched with overbought in lower time frame charts.
BITSTAMP:ETHUSD
by hitendravasudeo
Single Candlestick Chart Pattern - Bullish Hammer Hammers have a small real body and a long lower shadow. Hammers occur after a price decline. The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open. The close can be above or below the open, although the close should be near the open in order for the real body to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Confirmation - Hammers are most effective when they are preceded by at least three or more declining candles. A declining candle is one which closes lower than the close of the candle before it. A hammer should look similar to a "T". This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed. Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer's shadow. Hammers aren't usually used in isolation, even with confirmation. Traders typically use price or trend analysis, or technical indicators to further confirm candlestick patterns.
BITSTAMP:ETHUSDEducation
by TraderLeVeR
36
ETHUSD what's next?As we can see, ETHUSD has been falling since May 12. On May 12, the price reached a high of $ 4350. Now the price has dropped by almost 50%. The price bounced off the $ 2,160 support level and went up, but failed to break the $ 3,000 resistance level. On May 19 and May 21, the price tried to break through the support level and there were false breakouts, but the price rose again. If the price breaks the support level, then ETHUSD may fall by 55% or 60%, and maybe more. But if the price breaks the resistance level of $ 3000 and gains a foothold there, growth is possible. If you like the idea, subscribe and like it. Good luck and big profits.
BITSTAMP:ETHUSD
by NaikoN81