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ETH/USDT: Short Term Elliott Wave Count Analysis 15m (Jul. 27)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we look at Ethereum's 15 minute chart on its Tether (USDT) pair to assess its next potential move. Analysis - Firstly, we can see that Ethereum is trading within an ascending parallel channel, a sign of bullish momentum - Unfortunately, however, prices are creating higher highs, while the Relative Strength Index (RSI) creates lower highs - Based on our Elliott Wave count, after seeing a corrective wave in play (ABC), we are currently in the midst of an impulse wave count (12345) - With the Moving Average Convergence Divergence (MACD), we could potentially expect a bullish move to play out to the channel resistance - This would validate the current bearish divergence of prices forming higher highs while the RSI forms lower highs - Ethereum has been trading above the 100 Simple Moving Average (SMA) for an extended period of time, and a break and close below this moving average could provide further confirmation of a trend change. What We Believe While Ethereum has had a nice rally, based on Elliott wave counts, we expect Ethereum to reach higher highs within the ascending parallel channel for the immediate term. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
ETHUSD this dump in an invitation to a powerful pumpFailed in breaking out the resistance: Hi guys and gals hope you are well, welcome to the new update on Ethereum, the Ethereum was going very good and after crossing the $224 resistance it was expected that it will use this resistance as support and move up to hit the next resistance level but the price action has failed to retest the resistance of $224 and dropped down at previous resistance level at $149 and even now hitting at the next support level at $122. Before breaking down the $244 the support the price action went very close to $310 resistance $290. Simple moving averages are broken down: On daily chart the priceline of Ethereum was moving above 100 and 200 simple moving averages and it was expected that these moving averages will work as strong support for the priceline but the bearish move was very strong and now we can see that the candlesticks has broken down the both simple moving averages on daily. Ichimoku cloud: In my previous article we have discussed that the priceline was likely to cross the ichimoku bullish cloud and conversion line had formed bull cross with the baseline just below the priceline of ethereum and Ethereum achieved highest price by moving up 12933% bullish move. This time the price line of Ethereum was moving below this cloud since July 2018 and the current during current bull rally it was expected that candle sticks will cross up the bullish cloud. Unfortunately this time the priceline of Ethereum did not cross the bullish cloud and dropped down. Once the priceline will be successful in crossing up the bullish cloud then we can expect a really very big bullish move like it has taken in 2017. No one can say anything that this time the priceline of Ethereum will produce 12933% or more or less profit but it can make really very big bullish move. Harmonic move: If we see on monthly chart then the strong bearish move has completed the final and last leg of bullish Gartley pattern which was being formed. It was started on December 2018 and the first leg was completed on June 2019 then the price action retraced upto 0.786 level here I have ignored some extra spike. From here the price action was suppose to be projected between the projection area of A to B leg from 0.382 to 0.886 Fibonacci level and after being projected in this area the Ethereum was suppose to be retraced between 0.618 to 0.786 Fibonacci level. After this retracement now the price action is suppose to be projected between 0.382 to 0.786 Fibonacci level and this is the projection of A to D leg. Now we can see the priceline of Ethereum even has hit the spike even beyond the potential reversal zone of this big bullish Gartley pattern but unless the candle sticks will be not closed below the potential reversal zone it cannot be considered that this PRZ level has been broken down. Now from this potential reversal zone the candlesticks are suppose are to be projected between the projection area of A to D legand this bullish divergence can also lead the price action of Ethereum to breakout the ichimoku cloud as well and we have discussed earlier once the pipeline will cross up to cloud on weekly chart then it can turn more bullish to produce very big profit gains. The range of potential reversal zone and Fibonacci projection area: And as per bullish Gartley the potential reversal zone of this pattern starts from $188 and ends at $141. And the Fibonacci projection starts from $225 and ends up to $315 this is the level where we also have key level resistance of Ethereum $310. Stop loss: Maximum extent of potential reversal on should be used as stop loss point in case if the candle sticks will be closed below this area because once the priceline will break down this PRZ level then the price action may go for bullish Butterfly and can retrace more down between 1.27 upto 1.618 Fibonacci level.
KRAKEN:ETHUSDLong
by moon333
1
Don't miss the great buy opportunity in ETHUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (229.34). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 229.34 TP2= @ 222.85 TP3= @ 211.61 TP4= @ 201.56 TP5= @ 193.39 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:ETHUSDLong
by ForecastCity
22
Don't miss the great buy opportunity in ETHUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (229.34). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 229.34 TP2= @ 222.85 TP3= @ 211.61 TP4= @ 201.56 TP5= @ 193.39 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:ETHUSDLong
by ForecastCity
10
Is Ethereum trading in a Descending Channel.Notice a potential Ascending Triangle pattern drawn in blue. A breakout to the upside of the Descending Channel would mean there is a possible shift from a bearish sentiment to bullish. This strategy will have you buying the break above the channel. It’s recommended that buying into this break should occur after multiple tests of the upper channel line. Reason being breakouts early on in the channel often lead to traps as shorts push the price of the stock back down to the lower end of the channel.
COINBASE:ETHUSD
by ScotianBot
Don't miss the great buy opportunity in ETHUSD Trading suggestion: . There is a possibility of temporary retracement to suggested support line (231.07). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 245.17 TP2= @ 253.39 TP3= @ 263.63 TP4= @ 275.41 TP5= @ 286.72 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:ETHUSDLong
by ForecastCity
33
Don't miss the great buy opportunity in ETHUSD Trading suggestion: . There is a possibility of temporary retracement to suggested support line (231.07). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 245.17 TP2= @ 253.39 TP3= @ 263.63 TP4= @ 275.41 TP5= @ 286.72 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:ETHUSDLong
by ForecastCity
24
Micro Bull Flag inside of a Macro Ascending Triangle?It appears as though Ethereum is reaching a point of no return, only time will tell. Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant, in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole. It is important to note that these patterns work the same in reverse and are known as bear flags and pennants. An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. Notice a divergence on the RSI?
COINBASE:ETHUSD
by ScotianBot
3
Ethereum🍰Hello, my friends, I wanna share with you the idea of ​​Ethereum.💡 So many asked me to show my vision.🧐 It seems to me, that we're in the distribution zone, is that true? Only time will tell us.⏳ In the meantime, who does not know, what distribution is or has forgotten a little, here’s my training post👇🏻 ☝🏻That's the example of Bitcoin's chart, so the price movement is very arbitrary. Thank you for staying with me.💓 PS. friends, eat a piece of cake for me, today I have Birthday and I'll be very happy if you think of me 🍰 Stay with me💋 Your Rocket Bomb 🚀💣
KRAKEN:ETHUSD
by RocketBomb
13
There is a possibility for the beginning of an uptrend in ETHUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (217.11). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 247.07 TP2= @ 286.99 TP3= @ 362.78 SL= Break below S2
COINBASE:ETHUSDLong
by ForecastCity
32
Don't miss the great buy opportunity in ETHUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (202.17). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 224.50 TP2= @ 245.00 TP3= @ 286.80 SL= Break below S2
BITSTAMP:ETHUSDLong
by ForecastCity
11