ETHUSD will make another 20% drop as crypto cycleETHUSD
Crypto and currency pairs are having the tendency to repeats its previous cycle. As its formed a nice wedge pattern and dropped almost 20% of its value from the key psychological level and dropped towards 313.00 level
And now we can see the same kind of rising wedge pattern is forming relatively smaller than previously formed. and its broke the lower side of the trend line and leaving a strong bearish candle. We can expect another 20% drop from the 370.00 rejection level
the parabolic move was expected. If have any views and opinion about this crypto (ETHUSD) comment below
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Ethusdcrypto
ETHUSD double bottom and break of trend line + Bullish engulfingETHUSD
Around 309.00 area price got rejected twice and formed a Double bottom and bounced back from this level
Currently the price is above .236 Fibonacci retracement level. In 4 hour timeframe we are expecting a bullish engulfing candle. And its also reached a price action level and previous lows may turn support for the bear
Series of Higher high Higher low and Higher high was forming which is a bullish sign. In Elliot wave principal the 2nd wave is completed and the 3rd way is underway. We are expecting this 3rd wave will end at .50 Fibonacci retracement level and resistance zone and a key psychological 400.00 level
.50 Fibonacci is coordinated with the Lower high of Previous lower side impulse wave. And this level will act as resistance for the bull. If this level broken then the next target would be 450.00 which is a .786 Fibonacci level and swing area
The 50,100,200 Exponential moving average is acting as resistance for ethereum. RSI managed to move above 50 mark
If the USD will remain weaken we can expect this crypto will visit the 2020 high level which is around 490.00. On downside 310.00 will remain act as a major resistance level
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ETHEREUM has broke the previous year July high levelETHEREUM COINBASE:ETHUSD
On month starting this cryptocurrency has briefly reached the 490$ per one ETH.
As the bitcoin tumbles ethereum has also giving back some of this yearly gain. And the price is currently trading below the July-2019 high which is previously acted as support for the bullish run.
In daily chart strong bearish engulfing pattern is underway. If the price close below the 364$ mark in daily timeframe. More sellers will get in to the action.
The next target will be around 300$ level which is the next major resistance zone. Stop lose may place above 400$ level. In Elliott wave analysis the 5th major wave is completed and the minor correction waves are forming and will update about the wave formation in coming days
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
ETHUSD pair has a good upward structure,Now the ETHUSD pair has a good upward structure, highs and lows are increasing, which indicates the domination of buyers.
To maintain the upward movement, buyers need to create a new high low and drive the price even higher, to a higher high.
The price is currently at a strong resistance zone.
This indicates a bullish trend for the coin.
What awaits us next.
As you can see, the graph itself showed growth)
On the chart, one can observe daily rate changes as well as a serious reaction of the upward market.
Therefore, our friends are working on the trend, but you always need to understand that after each growth there is a correction or decline.
#ETH - I will consider entering a short after the bears show themselves in the market. A good signal would be pin bars or engulfs on the daily TF.
Ethereum Horizontal Structure - Take your pick whalesA downward extension towards the large wick that has formed during the flash crash that was recently experienced
Or stabilisation of the horizontal structure and another bull move to the upside
bulls still control this market, so I assume the horizontal structure will hold
However it may be a way to take out leveraged positions.
ETH USD LONG POSITION - WEALTH X FREE TELEGRAM NOW AVAILABLE!Ethereum was rejected at the critical $400 resistance during Saturday’s rally. The cryptocurrency failed to decisively hold above that level despite the rallying in the value of altcoins. As of the time of this article’s writing, ETH trades for $395, just shy of the aforementioned resistance.
Analysts say that Ethereum holding above $400 on a macro basis could be the precursor to an even greater surge in the weeks and months ahead.
ETH Is Set to Break Above $400 Again: Analysts
Fortunately for buyers of the cryptocurrency, the cryptocurrency is set to cross above $400 according to analysts and fundamental trends.
As reported by NewsBTC previously, one analyst noted that Ethereum’s price action looks as though it is about to break past $400. He cited a fractal analysis of May 2019:
“I don’t know why not all of CT is talking about this ridiculously similar looking fractal. Spoiler: this chop led to another massive pump in 2019.”
ETHUSDT Double Bottom Pattern hi to all traders
according to the double bottom pattern and the symmetric growth parameter.
i expect the pattern to be complete...
and I expect the price to touch newer than before and
continue to grow at the rate of the second triangle and then correct the price
if you're agree hit the like bottom and follow my account.
the information provided is not trading advice but an informative analysis of the price movement
continue to grow at the rate of the second triangle and then correct the price
ETH/USD Trend Cycles Analysis - Smart Money WatchHello everyone,
As I get use to setting up trading view, just be patient and any constructive advice is welcomed. As some exciting developments happened for ETH/USD. We will look how to prepare next. If you want to look at my previous article on the chart, check out the profile.
What did I do:
• Drew horizontal rays for resistances/supports
• Drew Fibonacci Retracement line from December 6, 2018 (low) and on.
• Drew vertical lines to establish long term trends
• Date Range the vertical lines
• Price ranged the trends in between the vertical lines
Setting:
December 6th, 2018 - June 19th, 2019
- Price increase: $281.90
- Uptrend: 202 days
June 19th, 2019 - December 17th, 2019
- Price decrease: $247.70
- Downtrend: 174 days
December 17th, 2019 - February 14th, 2020
- Price Increase: $172.71
- Uptrend: 59 days
February 14th, 2020 - March 13th, 2020
- Price Decrease: $201.72
- Downtrend: 28 days
March 13th, 2020 - July 26th, 2020 (Continuing)
- Price increase so far: $220.97
- Uptrend so far: 134 days
Idea:
I thought this would be helpful to layout the long-term trend to give people a better idea of the journey. As history is the best thing to learn from. Seeing the trends would indicate maybe the momentum of the market and seeing who is driving.
Bullish Idea: Since we broke $289, we have made a healthy climb until now. Our next target is $360, if we can get a healthy break that. It is time to find another resistance line.
Bearish Idea: We lose steam or have a hard rejection at $360, if this were to happen. It would be interesting to see how far the price will be driven down and how long. Historically, they were to take a 200-250 downturn (about 65-70%).
Conclusion: Breaking the kangaroo cycle. The only way to confirm this if our retracement were to land a healthy height over this current 597-day period of bouncing. We will not know this until this current uptrend is over. Once it is, it will be telling to see the sentiment of the market during the downtrend. To see if we have bounced out of it 😉. As always, have a great Sunday, enjoy yourself, family, friends and hobbies.