1. Taking a long position on the retest of broken trendline. 2. If the retest fails it will go down hard. 3. Taking small risk over the account with proper Risk Management.
The queen of cryptocurrency Ethereum (ETH) is volatile Ethereum ETH price analysis charts are a telltale of the thrashing it received for one reason or another. In the past five days, the Ethereum price went up as high st $192. but unable to break through to the previous high of $192.86 on the 29th of October, but unable to break through to the $200 psychological...
ETHUSD: The contract is into dominant down trend. The RSI is taking resistance at the bear market extreme with a NR formation. 196.50 is a strong pivot level. The contract needs to register a close above it to establish a trend change (as a double bottom is noticed). However any failure to move above 196.50 will lead to resumption of the trend down again. The...
Ethereum is getting ready for a breakout move as the cryptocurrency continues to find solid dip-buying interest around the $180.00 level. A bullish inverted head and shoulders pattern on the lower time frames is signaling a possible rally towards the $250.00 level. Only a sustained move below the $155.00 level would negate the bullish outlook for the ETHUSD...
Ethereum is trading above the $180.00 level as the recent rally in the cryptocurrency market has helped return the ETHUSD pair's short-term bullish status. The four-hour time frame shows that a breakout above the $198.00 level could propel the ETHUSD pair towards the $240.00 level. Only a sustained move below the $170.00 level will negate the ETHUSD pair bullish...
Ethereum is still trading on the defensive on Tuesday, as the pair awaits the next directional move in the broader cryptocurrency market. If bulls can keep price above the $168.00 level, the ETHUSD pair can form a strong reversal pattern. According to the size of the pattern, a move above the $188.00 level this week would take the ETHUSD pair towards the $208.00...
Heath Tarbert, head of the United States Commodity Futures Trading Commission (CFTC) talked about the future of cryptocurrency and the government regulations on cryptocurrency as well in the recently held Yahoo Finance’s All Markets Summit in New York City on October 10. The native derivative cryptocurrency of the Ethereum ecosphere, ETHER was seen as a...
This is 4HR chart of ETH and as you can clearly saw that we had 9th TD candle and it is spinning top candle and we reverse the direction after that and we also have bullish divergence at RSI and we have bullish cross on stoch. So overall bullish according to me Buy: 172.50- 173.50 Sell: 180-183 S/L: 170
Ethereum is consolidating towards the worst levels of the week in early Wednesday trade, as the second-largest cryptocurrency struggles to find buying interest. Short-term bulls are only in control of the ETHUSD pair while price trades above the key $180.00 support level. Overall, buyers need to force a breakout above the $197.00 resistance level this week or the...
Enter long at 182, Stoploss at 180.25 and Target 193
Ethereum is performing a near-term technical bounce after the ETHUSD pair found strong support from the $168.00 level over the weekend. ETHUSD bulls need to hold the pair above the $185.00 level to encourage buying interest towards the $210.00 level. Failure to overcome the $185.00 level could easily see the ETHUSD pair sold back towards the September low. • If...