The 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...
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...
price Almost at the extremes of Potential Reversal Zone of the Bear bat... and testing the Kumo resistance cloud...
Lets see, if bulls can muscle the Bat out of the Cloud..
Disclaimer...Not a trading/investing advice...
Rather than the usual use of indicators, I've decided to explain the psychological pattern clearly visible in Ethereum. On the daily charts, we can see Ethereum had some incredibly robust growth, but has been in a bearish state off late, along with the rest of the cryptocurrency market. We observe as the trendlines get more vertically steeper (bullish) and upward...
Ethereum 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...
As we can see in the chart, first rally failed at 979 and second attempt didn't even go that far. We believe ETH will not see 900 in near future. Therefore we recommend Sell at current level (853).
As we can see in the chart, first rally failed at 979 and second attempt didn't even go that far. We believe ETH will not see 900 in near future. Therefore we recommend Sell at current level (853).
22nd Feb 2018, 10 PM
Long term view for BTC is bearish . Currently BTC 3.72% is trading below 50 MA and also below 100 MA.
BTC 3.72% is currently trading at 10107 and holding both support and psychological level at 10000.
Having said that it seems there are still some gas left in BTC 3.72% , means BTC 3.72% is expected to bounce back again from this level...
ETH has been following a downward trend channel and have a downward support at over 627$failing to find support there it can possible fall in the range of 550$.
As you can see the volume has been very low at the peak points. It would be safe to wait for ETH to reach 960$ levels before having any long position.
Long position is set in Eth/UsD as first runner i.e. Btc is on same route and Volume is a big support in all crypto right now, with easily recognisable trend reversal pattern, but with not a new high expectation, just a decent rise before a big hit.
The 4H ETH was supposed to be bullish after spotting the H&S pattern but the ETH failed to cross the 866$ mark. The market could possible see further down trend if it falls below 800$ i.e., below the 20 MA and 50 MA.
A few sings for bullish pattern could be spotted if it breaks the 885$ resistance with a higher volume.
Further more the RSI pattern also shows a...
