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Ethsignals

ETH - 4h. Buyers gave up and began a correction to $1560-1600?Good day everyone and have a good trading week! The ETH market continues to move within two trend lines that form a wedge. The buyers failed to implement the optimistic scenario, which we wrote about in the previous idea . However, this is not the worst thing. Notice how easily sellers on February 21 lowered the price by 10% and again tested the local critical point - the range of $1850-1880 . After this drop, buyers have not yet managed to regain control of the ETHUSD market. This becomes clear when you look at the price of BTC . Please note that after a sharp drop on February 21, the BTC price was able to renew its all-time high again and test the mark of $58352 . The ETHUSDT price could not repeat this: Such behavior has started to be done on ideas, so the ETH buyers are coming to an end, and the ear of corrections to the growth of 7 fierce is to be read soon. A signal of such a scenario will break through and fix prices below the range of $1850-1880 . As a result, sellers will be able to take control of the data in the range - they will be able to extend the price range of ETH to the range of $1560-1600. The large timeframe shows that the trend line also passes near this range , which buyers have been holding confidently since January 11: Another interesting fact can be seen by analyzing the dominance charts of BTC, ETH and USDT. During the fall of BTC's dominance in late 2020, the ETH market revived significantly. However, since the end of January 2021, when the decline in BTC dominance began to slow down, interest in ETH has fallen sharply. Looking at the situation on the BTC market now, in any scenario, the price of ETH will be in crisis . A sharp rise or fall in the price of BTC will have a negative impact on the ETH market. The only chance of success is the consolidation of BTC above $55,000. In this case, ETH buyers will be able to hope for continued price movements within the white wedge and tests of the mark of $2070 . This week should be interesting! ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Short
by P_S_trade
17
ETHREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2021/01/03MARKET OVERVIEW Price Action: There was a lot of volatility in ETH, driven mostly by high volatility in BTC. ETH made a new high at $788, retraced back down to $750, and now creating a new high as i am typing this. Chart Patterns: No significant chart patterns. Areas of Interest: The area(s) of interest for us are the previous resistance @$788 and the 200MAs at $759-760. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/ 01 /01: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $735, SL $743, price reached a low of $714, giving a risk reward ratio of 2.5:1, meaning if you risked 1BTC on this trade, you could've made 2.5BTC. 2020/12/31: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $745, SL $749, price reached a low of $725, giving a risk reward ratio of 5:1, meaning if you risked 1BTC on this trade, you could've made 5BTC. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. TRADE SETUPS Below are two potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to create a new high, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price creates space between the price and the $788 level, falls back down to $788 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Long Trade Setup #2: Retest and Continuation (200MAs) To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up. Trade Entry Confirmation: 1. Price Action: Price needs to move back down to the 200MAs @$750-760 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) ENTRY SIGNALS Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Potential good trading opportunities that I’m not calling an official entry on will be posted using “comments” post type. ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME! DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. QUESTION: Would you like me to conduct technical analysis on alts? If yes, please let me know in the comments which alts you’d like me to cover.
by cryptotraderog
22
ETHEREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2020/12/31MARKET OVERVIEW Price Action: After reaching breaking above the high of $748 and creating a new high of $759, price has come back to test the 200MAs @ $729, and is now bouncing off of that level. Chart Patterns: We are moving up an upwards sloping support trendline. The 3rd touch of the trendline also coincided with the 200MAs. Whether this trendline holds or breaks will be important for ETH's next move. Areas of Interest: The area(s) of interest for us is the highs of $759 and a break of the support trendline/200MAs. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP Yesterday we had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. Two days ago we had a winning trade! We entered a long @ $703, with Stop Loss @ $690, and price reached a high of $747.50, giving a risk reward ratio of over 3:1, meaning if you risked 1BTC on this trade, you could've made more than 3BTC. TRADE SETUPS Below are two potential trade setups. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $759 with force, creating space between the price and the $759 level, falls back down to $759 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $759 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $759 and then rapidly falls below $759, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $759) followed by a breakdown candlestick (candle close below $759) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME! DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks.
by cryptotraderog
9
ETHEREUM (ETHUSDT) DAILY LONG&SHORY TRADE SETUPS 2020/12/30MARKET OVERVIEW Price Action: After reaching a high of $748, price retraced to the 200MAs @~$700 (where we took a long), and is now back up consolidating near the highs, giving us a bull bias. Chart Patterns: We have an ascending triangle pattern, which typically breaks to the upside, giving us a bull bias. Areas of Interest: The area(s) of interest for us is the highs of $748. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP Yesterday we had a winning trade! We entered a long @ $703, with Stop Loss @ $690, and price reached a high of $747.50, giving a risk reward ratio of over 3:1, meaning if you risked 1BTC on this trade, you could've made more than 3BTC. TRADE SETUPS Below are two potential trade setups. Given the bullish bias, the most likely scenario is "Long Trade Setup #1: Breakout and Continuation", but regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $748 with force, creating space between the price and the $748 level, falls back down to $748 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $748 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $748 and then rapidly falls below $748, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $748) followed by a breakdown candlestick (candle close below $748) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME! DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Sorry for the late post today, had to go to the hospital. Thanks for your support. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks. UPDATES: Going forward, I will be adding chart patterns and previous trades onto the the chart. Let me know if there are other things you guys want me to lay out on the charts.
by cryptotraderog
2
ETHEREUM (ETHUSDT) DAILY BUY&SELL TRADE SETUPS 2020/12/24Long Trade Setup: False Breakdown at Horizontal Support To open a long position, we are waiting for price to hit horizontal support @~$551 and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks below the lows $551 and then rapidly moves above $551, forming a bear trap 2. Candlestick Pattern: A breakdown candlestick (candle close below $551) followed by a reclaiming candlestick (candle close above $551) 2.1 Ideally breakdown and reclaiming candlesticks are consecutive candles, but can also have a few candles in between the two. 2.2 Ideally the reclaiming candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakdown candle and reclaiming candle, ideally the reclaiming candle's volume is a local high 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (color changing from red to pink) Short Trade Setup: Rejection and Continuation at 200MAs To open a short position, we are waiting for price to go up to the dynamic resistance zone of the 200MAs and then fall back down. This zone is currently projected to be $600-$610, but could be different by the time that we get to that zone, depending on price action. Trade Entry Confirmation: 1. Price Action: Price moves into the 200MAs (ideally touching both 200SMA and 200EMA) and gets rejected, confirming that the 200MAs now serve as resistance 2. Candlestick Pattern: A bearish candlestick pattern such as a bearish engulfing candle or a multiple candlestick breakdown (a large green candle followed by multiple red candles that eventually close below the open/low of the large green candle) 3. Volume: Above average volume on the bearish engulfing candle or on any of the multiple red candles that eventually break the green candle (ideally on the candle that breaks) 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (changing from dark green to light green) Entry Confirmations: Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. Trade Management: I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR (average true range) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME! DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
by cryptotraderog
3
15 Minute Time-Frame On ETHUSD Shows The Pressure Building Team Sparkster doesn't usually visit the 15-minute time-frame. SparksterSignals don't normally achieve high expected ROI due to the random-walk volatility at that granularity. However... the market is at a major cross-road to decide if the 2018/2020 bear trend is truly over... or if the market is still weak as short traders take advantage of FUD and push prices down again. Here on the 15-minute chart we can see recent trading ranges, with price now squeezing against the $380 level which we have mentioned numerous times in the past week or so. To re-state: Consolidation ABOVE $380 signifies a long-term change in market sentiment to a major bullish situation. Traders will be watching like hawks for short position opportunities or long positions before ETH rallies. Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
B
by Sparkster
1
ETHBTC Breaking Out Following SparksterSignals April AnalysisPretty much spot on since we published this analysis back on 24th April! We still expect ETH to outperform BTC... although BTCUSD still usually provides more reliable trading signals as the market still tends to follow BTC's direction. There are benefits to being the Gorilla in the room, even if it makes you a slow climber. Are you paying attention? Are you following us for updates? Are you using the tools that we're using? :) SparksterSignals to the moon!
Long
by Sparkster
ETHEREUM mysterious bus to 170 or 155 MULTI TIMEFRAME Hi friends, Today I come with a new analysis on Ethereum for the futures lovers( ETHUSDT ) But before I kick start, kindly show me some love by LIKING this post. In my last analysis on April 17, I talked about ETH going to 200 while price was still at 152 with main TARGET as 164, 176 and 200. I am happy to say today that all TA calls was successfully hit.The good question here remains WHERE IS ETHEREUM GOING FROM HERE? using multiple timeframe(1hr, 4hrs, 24hrs) I will try to explain why the next bus is heading to 176 -155 in the meantime. 1HR CHART ANALYSIS PATTERNS OBSERVED -RISING WEDGE BEARISH PATTERN (this pattern holds three characteristics : first, the converging trend lines; Second, a pattern declining volume as the price progresses through the pattern; Third, a breakout from one of the trend lines - Declining volume -MACD Divergence POSSIBLE OUTCOME FROM THIS ANALYSIS I anticipate a breakout reversal base on the 1hr timeframe, and here is why While price can most likely be out of either trend line above, wedges are known to have a tendency to break in the opposite direction from the trend line. Therefore permit me to say that the rising wedge above won the 1hrs is indicating the more likely potential of falling prices after a breakout of the lower trend line. Also you can notice the decline in volume of BINANCE:ETHUSDT For STOP LOSS, I would say that wedge patterns converge to a smaller price channel most times, the distance between the price on the entry of the trade and the price for stop loss is relatively smaller than the start of the pattern. 4HRS CHART ANALYSIS PATTERNS OBSERVED -using momentum indicator like RSI shows BEARISH DIVERGENCE (price continue to form higher highs while RSI is forming significant lower highs -Strong Decline in Volume -Using PIVOT POINT, (we are currently on a strong resistance at R1also known as Resistance 1 is calculated by = (2*Pivot Point) - Low ( previous period). I will leave the explanation of how to calculate Pivot Levels for another post. - Declining volume 24hrs Chart The 1D chart says a lot, it shows that we still have a chance to go up higher than 200 after the pull back is over . Trade Setup Entry = If price closes and open below 193 enter a Sell Target = 176, 164 and 155(take profit at each point as any of this support might lead to reverse) For STOP LOSS, I would say that wedge patterns converge to a smaller price channel most times, the distance between the price on the entry of the trade and the price for stop loss is relatively smaller than the start of the pattern. kindly show your love by liking and commenting you views
Short
by MachiavelliTrader
9
ETHUSD: Ethereum just bounced off; will it test $200?ETHUSD is rising following bitcoin, it's not clear for now - is it a run to test $190-$200 2nd time or just a small pullback before further fall. Anyway I have a couple of scalp setups here. Long scalp, where we can try to buy $177-178 with target around $190, i.e buying pullback of the bullish trend (intraday). Or short scalp, I like the most, short ~ $195 with targets at $170 and maybe $150. Currently I'm sitting on the sidelines. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
F
by Bitduke
ETHUSDt signal, local movement(SHORT)Everything on the chart. open pos: market Stop: 179$ take profit: area 164-161$ Risk 1 to 4.5 Hello everyone, almost year ago i have lost my deposit(almost 8btc and i'm still broke w/o deposit and job,I can’t do my favorite thing,It's just free ideas for you) and now i'm trying to get back to the market. If i help you to earn some money i will RLY VERYVERY THANKFULL for your donate(PM to me). Also open to your suggestions(PM).
Short
by trytofeelpositive
5
ETHEREUM Similarities with early 2019 and the Death CrossBefore we start please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** The Bearish Megaphone and Death Cross ** ETHUSD is on a strong 4 week rise since the $90.00 bottom. That bottom was made on the Lower Low trend line of the Bearish Megaphone pattern that started with June's $365 High, so technically it was backed up. A interesting mix of bearish signs arises as the price is now not only just below the 0.618 Fibonacci retracement level (counting 290.00 as the High) but also a Death Cross on the 1D chart (MA50 crossing below the MA200) is emerging. ** The Fractals ** The above combination of indicators is bearish. On top of that I have discovered similarities on the current trading pattern from the 290 High to the 90 Low (Fractal 1) with the September 2018 - January 2019 sequence (Fractal 2). As you see on the chart, both Fractals stopped on roughly a -68% decline from their Top. Fractal 1 was rejected on its first (and second later) test on the 0.618 Fibonacci level and pulled back to find Support roughly on the 0.236. Assuming the current Death Cross takes effect, we can expect a similar rejection on the 0.618 Fib level (around 185.00) and a pull back to 0.236 Fib (roughly 120.00), assuming the pattern is replicated on the exact same fashion. Based on Fractal 1 and that pattern alone, we can expect ETH to touch $290.00 again by September 2020. Do you agree with this idea? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
K
by TradingShot
7