Ethereum has extended neutral trade of the past 15 days within the 1D Ascending Triangle (RSI = 49.722, ADX = 16.549, Highs/Lows = 0.0000) on a very narrow range of 213 - 238. Various patterns are near completion and break-outs are imminent. Although theoretically break-outs can trend both ways, due to the underlying selling pressure on the 1W Channel Down (MACD =...
Ethereum bulls have carved out a nice chunk from bear sell walls BUT the previous cloud resistance still remains top dog! We would need to see a break and close above that zone to have confidence that bulls are in control. Check chart annotations for more info! Thanks guys
Ethereum has remained support above the demand zone and needs to test high to continue bull momentum. Any break below this zone could spell trouble! Check chart for annotations! Thanks guys
Ethereum 1.08% continues to look very weak but a glimmer of hope was seen yesterday after price was able to break from resistance and is now trending above one of the EMAs. We must break from the $227-$228 area in order to give another attempt at the big $240 supply zone. Check out the chart for annotation! Thanks guys
Ethereum'is on the trouble! Almost all the altcoins trades above the major counter-trendline but Ethereum'is not on the list anymore. It has a break downwards from the trendline and from the strong area which is not the good sign but we can find something positive also, currently, it has an opportunity to make a new higher low on the market structure and it shows...
Ethereum continues to struggle to get higher and test $240 area while it needs to hold this demand zone if it wants to avoid the $180-$190 levels. Check chart for annotations. Thanks guys!
Ethereum bounced from the demand zone twice forming a tweezer bottom BUT was unable to close above the EMAs, which does not bode well for bulls. The support level near the channel bottom and FIB seems to be holding so far but signs of resistance are creeping in. MACD signal line is trying to crossover bullish and histo has just now turned gree, however, RSI...
Ethereum has broken below the channel once more and has found support near the 38.2%FIB level. The demand zone we are currently at is very strong and VERY important to keep price away from the $180-$190 levels. The EMAs have crossed over bearish, which does signal some bearish price action might still be in store unless we break higher soon. MACD continues to...
Ethereum has broken down from the Kijun and entered the cloud after breaking the triangle. The lagging span broke below price but seems to want to cross back above as we bounce back, however, Kijun is now proving to be strong resistance and the cloud seems to be gearing up to twist bearishly causing a test of the cloud bottom around $211. A break above both...
Ethereum is finding support on the Kijun right now but a break below will cause it to test the top of the cloud and potentially enter the cloud altogether, which would be a bearish sign. However, the cloud still remains bullish and both bounds turning up while the Tenkan Sen remains in an upwards direction so there are mixed signals here. The Chikou span,...
As mentioned yesterday, Ethereum seems to be forming a H&S pattern as it continues to look very weak as the days go by. It is currently finding resistance at the 50%FIB level but support is not far away as the EMA is providing help for now. MACD continues its downwards momentum while RSI heads back down towards the triangle support, which must hold or we could...
Ethereum has formed another channel/bearflag after breaking below the previous channel and is currently heading towards the lower trendline. One could also argue, but we never recommend drawing out patterns before they are completed, that we are currently forming a H&S pattern on this trend upwards, which if formed could cause a drop back down to the lower demand...
The momentum has shifted sideways on Ethereum as an Ascending Triangle on 1D (RSI = 48.354, STOCH = 54.832, ADX = 19.004, CCI = 33.4064, Highs/Lows = 0.000) has taken over on the short term from the long term bearish 1W bearish Channel (still MACD = -99.410, Highs/Lows = -69.8253, B/BP = -170.5020). This can trade sideways within 230 - 250 for another week before...
ETH has continued to get rejected at the top of the cloud but the time might be now to finally have a decent shot at breaking above as the resistance has thinned at where the kumo twist occurred so the next few hours will be key. Ethereum found support on the Kijun and is poised to make another attempt at that pesky resistance area. We are currently sitting on a...
Ethereum' trades currently between the two blue lines which are support and resistance. Resistance line at $236 has been before a support and now it become a resistance. Several times it has tried to break above that blue line but those attempts were unsuccessful. To break through this level we have to also fight with 200 EMA which start to work as a strong...
My last call was a long Bitcoin, where I accurately called the exact bottom with the perfect stop loss placement. Now I will be using the same strategy to trade the breakdown on Ethereum if that happens. I am current long Ethereum and in great profit. However, we must be prepared for all scenarios. View my last calls in the related ideas section or just click on...
Interesting volume on the low of ETH. We would see a nice run if btc stays above 6k
My goal from 1 September is break purple line ! Well done 21 September, next step ? Comeback to test again purple line ! Well done 26 September ! Next step ? Max hold to the moon ;) 1 First target : 250 2 294 3 320 4 370 Thanks for your support. Analyses take a long time during all the night...