ETHUSD is approaching our first resistance at 222.91 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 209.17 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching...
ETHUSD is approaching our first support at 208.27 (horizontal overlap support, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our majo resistance at 222.91 (horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (21,5,3) is also approaching...
We can see that ethereum reacted nicely off a really nice resistance level. There is still some good downside potential (in correlation with our Bitcoin idea) so we can play the drop further :)
ETHUSD is approaching our first resistance at 203.27 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% , 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 196.11 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching...
ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also...
ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also...
ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also...
ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also...
ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching...
ETHUSD is approaching our first resistance at 249.27 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 191.99 (horizontal swing low support, 100% Fibonacci extension). RSI (34) is also approaching resistance and we might see a...
ETHUSD is approaching our first resistance at 249.27 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 171.41 (horizontal swing low support, 100% Fibonacci extension). RSI (55) is also approaching resistance and we might see a...
ETHUSD is approaching our first resistance at 203.43 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 167.99 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin...
I have been trading ETH short positions for the past two weeks with varying degrees of success. I had a few early entries which got washed due to some of the higher leverage I've been utilizing in my trades. Last night I capitalized on the pattern I saw forming and entered into another short postion at $223.50/ETH, when the price broke through the lower bounds...
ETH/USD has tested this level ($150-$200) in the past many times and is doing so again. I feel this area is a buying opportunity and it's only a matter of time until Crypto has another bull run. This long downtrend was to be expected and shouldn't be a surprise. Like any other market, price has to come back down and reset technical indicators and support levels...
Considering that in the near future, the digital currency market will witness a significant growth, we can wait a bit with the wait for this trend.