ETHPROS_TPG8CJ.USD trade ideas
Will Ethereum Value Reach Four Figures Anytime Soon?The technical chart of Ethereum highlights the gradual positive momentum created by the bulls from the past month, which has resulted in attaining new levels for the yeat towards the end. The price levels have broken above the upper level of BB, which is around $652.09, providing extreme bullish signals. The relative strength index has also reached the peak of the overbought region with the current level of 82.27 while MACD moves strongly after a bullish crossover. The bulls must be looking levels above $630 for cooling off what might have converted into an overheated positive move. The cooling period around $650-$670 might help develop sustainability and avoid any sharp negative divergence for the world's second-largest cryptocurrency.
Ethereum Moving Below Support, Incoming Drop! (Altcoins Update) Another one of the big buys, Ethereum (ETHUSD), is also aiming lower...
What do you think will happen when big money flows out of Bitcoin, Ripple, and Ethereum?
Where is this money going?
The smaller altcoins of course... We are talking about thousands and thousands of altcoins.
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Back to Ethereum...
We can see prices moving below EMA10 and the exact same signals we saw on the Bitcoin (BTCUSD) chart.
We have the indicators, MACD and RSI, trending lower as well as bearish divergence with both.
We also have a bearish cross on the MACD and the bear volume being clearly stronger than bull volume since the beginning of the month.
This is no big deal...
This is not a problem...
Prices go down, just as they go up.
You always get a retrace after a strong bullish move.
Conditions for change
We would need to see Ethereum (ETHUSD) move above the last high and staying there for the bearish bias that is developing now to be canceled out.
For now, we are aiming for lower prices.
Thanks a lot for reading.
Namaste.
Ethereum Ready To Move Lower (Goes Below EMA10)Hello, my favorite cryptocurrency trader... Here we go again.
I will keep this one short because I am on "vacation", AKA, reading, studying, exercising, and work...
Anyways, we already know that Bitcoin (BTCUSD) is now bearish as well as Ripple (XRPUSD), the same is happening with Ethereum (ETHUSD).
We can see prices moving below EMA10 just before the day closes.
Closing below this level means "signal confirmed".
In this case, a bearish signal.
The RSI is trending down.
The MACD is trending down after both showed bearish divergence.
The red/bear volume bars are bigger/higher than the green bars... You see, we don't need to be "experts" here... We just look at the charts for repeating patterns and "signals" and use these to try and predict what will happen next.
Based on these signals...
We will see ETHUSD drop to at least $486 or more...
We will see how it goes, the daily candle hasn't close and that's when the signal is confirmed.
Conditions for change | If prices move back above EMA10...
We can continue waiting, tracking, but the potential for a drop remains and stays strong unless the last high is taken out.
ETHUSD is likely to move lower now.
Namaste.
Trading Signal For EthereumTrading Signal:
A Trading Signal is seen in the Ethereum ETHUSD .
Traders can open their Sell Trades NOW
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ethereum , breakout awaited.On a daily time frame it is consolidating. Today's candle looks promising.
20 DMA testing done.
This is the trick to enter before breakout with low stop loss.
ETHUSDT (ascending triangle breakout)ascending triangle breakout : now you can enter for long , stop loss below the support line.
ETHUSD short at 369.22, Resistance at trendlineI will short ETHUSD because :
It is facing a strong resistance at the trend line .
Its not been able to break that trend line .
The price is again at the resistance trend line and may fall.
If it breaks the resistance trend line then we will be looking to buy.
Entry : 369.22
First Target : 365
Second Target : 361
Stop loss : 370
