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Etherium

Ethereum Ready For A Bigger Correction?Hello Traders, As we also published a bitcoin daily chart, we wanted to share also the ethereum daily chart. We expected ethereum to reach the $396.24. Now, we are expecting a bigger correction as long as it stays below 396.24 (Invalidation level). When it breaks 396.24 we need to readjust our view! We won’t be surprised when ethereum corrects to the 50% Fibonacci retracement which comes at around 212. Our Intermarket analysis is indicating currently that ethereum has a potential to correct the $0 line, which basically means that it can correct from $0, 38.2% or more. Obviously, we don’t know whether it makes a bigger correction or not, BUT our intermarket analysis is indicating it, so we won’t take any long position at this stage anymore, as we made good money last month. We don’t like selling it we will be now on the sideline. Hope that helps Cheers
COINBASE:ETHUSDLong
by secrets2trade
Pennant brings us a BOOM, but in which way?THE IDEA: Time to LONG etherium till 314$. Deadline 06.08.2017. REASONS: Now the market is in a tight squeeze and I expect a BOOM afterwards. A BOOM can be in two directions. Therefore in such cases I close my positions and wait to see what will happen next (Pennant Strategy). In this case it is different. I feel that the BOOM will be up, because of 2 things. First, correction (the fall) is complete. And second ETH survived a massive theft. ANALYSIS: I expect ETH/BTC to go around 0.1. And BTC/USD to go around 2364$. Therefore I check 0.1 * 2364 = 236.4 for ETH/USD. And when I look at the chart 236$ looks nice and achievable. Because of pennant strategy, I look at momentum tops of Awesome (AO) and conclude that the direction is LONG. Safe target is 236$. Once target is achieved, the market may twist (however, I expect a continue on rise). STRATEGY: Watch it to reach 236$ and then look for more improvements. If it is going up keep your positions, if the twist signal is shown, close it and enjoy profit. Cheers.
ELong
by Chadetov
4
ETH Still in a Triangle - Bullish Bias - Higher Low - Watch BTCAs per chart - I longed at $228.00 so have wiggle room for a stop. Price will follow BTC's trend - currently driven by Quarterlies once again. Be sensible and wait it out if you don't want to risk being chopped out. Anyone shorting in the $220-230 range on full margin will have issues if we break out north. Expect the short squeeze to break a lot of overhead resistance if it unravels - this will destroy the $280 resistance zone - don't get trapped. Stops in sensible places and act to the downside if it happens - theres always two sides to a trade - plan for both!
BITFINEX:ETHUSDLong
by SuperShibe
1
ETHUSDT - A reversal in progress??I use a method of analysis using the Fibonacci re-tracement where I mark out the lowest low to the next highest high (for an up trend), which then becomes the FIB range to work within (A - B) . In order for this FIB range (A - B) to be valid, we need to have the highs of two candles lower on either side of the highest high. Depending on where the market falls to within this (A - B) range determines the target on the next rally. More often than not the target is hit (D) to the "pip" at which stage a new FIB range is established. On a rally(up or down), it has been typically observed for 7 - 11 candles, and as we get to within this range of 7 - 11 candles, we need to be cautious of a short term reversal or pull back. As with BTCUSDT the past several weeks ETH has enjoyed a rally to make an all time high of 396 which is the -0.27 of the FIB Level - the target D for the previous FIB level was 341. After several weeks of rallying, last week saw a new low set of 258 and a break of the inner trend line which is the first step of creating a crown. Currently it is at the right tip of the crown formation, so we can expect a fall down to the d target of the sub-FIB to 220 which is also a support level at the 0.5% of the capital ABCD FIB pattern. I expect this reversal will happen over the next few days and after hitting this target it should pull back to 315 mark which I believe will happen before the end of this week. As normal let me know what you think and follow me to keep up to date with this analysis.
Short
by Nica521
1
Etherium Pull Back is imminent On May 21, 2017 we see ETH's largest daily upside wick combined with the largest trading volume since March of 2016. While ETH has enjoyed increasing adoption among institutions, investors and new applications, the ETH Market Cap has skyrocketed past these continuing positive developments creating an element of 'no end in sight' among short term traders. ETH circulation currently stands at 91,841,563 ETH and enjoys a market cap of $15,801,891,910. The market cap has more than doubled within six weeks. This is unsustainable especially when one considers the rate of adoption. This being said, ETH remains the 'GOTO' platform for development of many new ICOs and innovative uses of Blockchain technology and in no way should this recommendation be considered a long term negative view of the platform. It is my view ETH will retrace from these levels to a relatively short period of consolidation, lasting approximately 6 to 12 weeks while investors and speculators take profit and seek alternative places to avoid holding 'stale' money. Please do not consider this to be investment advice and use good practice by consulting an investment professional before taking risk. Sources:https://www.ethereum.org/ether coinmarketcap.com
BITFINEX:ETHUSDShort
by ljs411
7