XETUSD trade ideas
ETH Wedge formation?Possible uptrend if ETH/USD crosses the 963$ mark - resistance 1003$
Downtrend if it goes below the current support 843$
Clear Buy for Ether/UsD with TP $1220 (Inv. Head and Shoulder)Long position is set in Eth/UsD as first runner i.e. Btc is on same route and Volume is a big support in all crypto right now, with easily recognisable trend reversal pattern, but with not a new high expectation, just a decent rise before a big hit.
Failed Head and shoulders pattern?The 4H ETH was supposed to be bullish after spotting the H&S pattern but the ETH failed to cross the 866$ 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 bearish movement.
Please let me know what you think in the comment section.
Head And Shoulders pattern couldn't be more clearThe reduced buy volume is a clear sign for reversal in trend. The price might move a little up till the point of previous shoulder and then a downtrend is expected.
This pattern will fail if a sudden surge in buy volume is seen and if the neckline is not broken.
ETH charts show a strong short positionAll the current technical analysis show only one particular thing in common, ETH is having a bad time given the reduced amount of volumes and other analysis.
The 4H chart of ethereum shows a clear sign of following trend.
Support levels of ethereum can be expected to be around 400-500 levels.
ETHUSD Locked in a Range for the Short TermThe instrument is in a consolidation phase with a bullish bias. The price action shows that it is pulling at the ropes to push through higher but it has been held back by the bearish phase in the cryptos. On the technical side, a break through the $1160 region should lead the prices higher into the $1240 region which should act as the next region of resistance/selling. On the lower side, the instrument is expected to get some strong support in the $1000 region and these price regions should hold the price action for the short term.
lONG @ 1140 - 1160 , breakout on daily , trgt 1400+stoploss 970 , will move higher now as long as it closes above 1150 today it will prove that this move isnt a fake out
short @ 1100 - 1105 stp 1180if this is really weak it should go down from here. if it breaks higher then we look for 1400+ soon
Short near 1100 stop 1210This thing broke previous upper trend line and got resisted by the previous trend line , all this indicates weakness ahead' trade setup valid only for next 36 hrs
$1000 in play till end of jan18 long term base trendline and short term curve suggesting uptrend . major move is on the cards...
Ethereum (ETH/USD) Symmetrical Triangle Chart Pattern!Technical : (Daily , 4hr : Chart) Symmetrical Triangle Chart Pattern Breakout! @ 752
Technical Target : 1077
sell it showing down ward movement can sell it now at 740 target is 730 and 724 stop loss will be 745 strict
Bearish move - short Ether is currently trading in a well formed rising wedge. This is an indication of a bearish move and there are possibilities it may breach the bottom trend line (orange). If it breaches it then it will find support at fib level 0.618 (~$693). 2nd support could be found at fib level 0.5 (~$676).
These support levels could be possible reversal zones for Eth (The zones are marked in Blue in the graph). So, watch out.
Please feel free to revert with your feedback. Thank you!
Ethereum / usd - At inflexion pointETH / USD
cmp 407.
Target 550 plus
stop 350.
1) Price retraces to previous resistance, which ideally should be a support.
2) Price resting on a long term support trend line.
3) Price just above 30 ma support.
cup & handel in ethusd
pattern has given a breakout 2 days back .
this is the pullback and best time to enter the trade .
LEVELS SHOWN IN CHART.
ETHUSD short ideaWith making all time high , ETHUSD will settle down a little bit.
One can enter trade at 339-440 with stop loss at 445 with first target of 427.24 , second target at 422.06.
RSI and MACD are also indicating the same.
Go long!I see a nice symmetric triangle formation in the daily chart and the accumulation has happened since a long time.
RSI is high, but i think there is some more room for the buyers.
MACD seems to have confirmed the uptrend.
The candles are at the resistance line and on the verge of a break out. Watch out!
I'd like to go long around the dotted resistance line.
Any feedback is appreciated and thank you.
It is expected to start up trend after this trend crossMy assuemption is that ETH will cross this present trend and come out of pressure of consolidation.
Expecting it to go up.
