Search in ideas for "ETHEREUM"
Ethereum potential long, flag pattern indication. Ethereum has shown a bullish increase in the past week and is currently at a price fluctuation, this market forms a flag pattern and therefore I feel that the once/if the price exceeds the resistance as shown in the diagram the price of ethereum will continue to rise.
Personally I feel that Ethereum is a long term hold and this would be a good entry into the market.
Ethereum in a Falling wedge.Ethereum - Intraday - We look to Buy at 3731 (stop at 3648)
Price action has formed a bullish ending wedge formation.
Daily signals are bullish.
50 4hour EMA is at 3730.
We look for a temporary move lower.
The bias is to break to the upside.
Our profit targets will be 3963 and 4022
Resistance: 3900 / 3980 / 4025
Support: 3780 / 3720 / 3640
Ethereum - the hottest story in cyberspace..!?Ethereum is a public blockchain platform with programmable transaction functionality. Ethereum includes a digital currency called "Ether". The price in US-Dollar for this cryptocurrency "Ether" (ETH) is up more than 3,700% over the last six months!
Ether has a lot in common with the famous digital currency Bitcoin. Both are a purely digital store of value and means of exchange that cannot be counterfeited. Both are implemented so that no one can manipulate the currency supply. Both can be transferred around the world, like email, and in a very final way, like cash. Both have value today because users expect them to have value tomorrow, and because they can do things traditional money can not.
Ethereum’s other half is a complete programming language, sometimes called EtherScript. A programming language is how people tell computers what to do. Computers are not able to guess at what humans really intend, so instructions written in any programming language are precise. There is no ambiguity about how a computer will run a program. Under the same conditions, it will always run the same way. This feature would be great to have in legal contracts and human law. With EtherScript you can write such agreements.
In short, Ethereum is both a digital currency and a programming language. But it is the combination of these ingredients that make it special.
I totally understand people who distrust new technology and the anonymity of the internet. But I don't think extreme skepticism is justified. As some of you might know I am a music producer since 1994. I remember very well all the talks even and especially among the professionals back in 1999/2001. Nobody could imagine that mp3s would be able to kill the CD and drastically change the music market. Today even mp3s are close to dead. People are now streaming music. They don't even pay for it anymore. Maybe a flat-rate but more often they just have to watch a commercial which they can skip away after 4 seconds to listen to the music for free. As a producer and copyright owner you get paid only fractions of a cent these days for any stream/play! Back then many of my producer colleagues were shouting about the low sound quality of digital recordings and we unable to imagine the huge change that was directly upon us. This same denial had been going on when the CD entered the market killing the vinyl in the early 80ies. These experiences have taught me to always be openminded and accept that one of the most important laws in our life is never-ending change. The ones who can adapt are likely the ones who succeed or as Darwin once put it: It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.
Today thanks to the internet human knowledge is growing faster than ever before (although we still behave like monkeys). In our digital information age Ethereum has huge potential and could become the new basis for private and public law. We could get rid of all those commissions for lawyers, notaries and banks for example....
My simple point is: Be openminded, take the time to learn more about these exciting new developments. Bitcoin could bring us the long anticipated free market money. Ethererum might be even better. Who knows. Obvisouly don't invest large amounts of money but start very small to learn more about the technology and to get comfortable. You can start with less than $1!!
I am going to track Ethereum as well and will keep you updated.
Ethereum could plunge right through the 200sEthereum had several chances to have a bullish continuation of the last dump but failed all of them (as you can see in my other chart that was bullish on Ethereum). Now, it had 2 pennants and a medium term pitchfork - all of which have been broken downwards. We could potentially see Ethereum plunge straight through the 200s now.
Entry - $275-325
Target - $175-225
Stop loss - $301
Good luck!
Ethereum Edges HigherEthereum blasted through $1653, the first of a series of resistance levels extending into the $1700's. We are starting to see resistance here, as we are running into this cluster of levels. We should see continued resistance, but if we are able to continue to break through, then $1821 is the next target. If we retrace, then $1547 should provide support after $1643.
Ethereum - excellent technical motivation - long 2 dayEthereum is on the rise again after a correction on the 14th. A solid bounce of the centreline of the pitchfork means that the long opportunity is huge. Buying anytime between now and 370 is a great opportunity, as the correction wave and resistance trendline converge at 400. Buyers might shift focus from Litecoin and Bitcoin to this unit, making the rise over 5% daily, which will allow TP to be adjusted as well.
TP:395, with extensions to 450 and even 500 are possible. Follow me for updates!
SL:340
Great reward, low risk (if that's even possible for cryptocurrencies).