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Ethusdcrypto

Ethereum approaching major support, prepare for a bounceEthereum is approaching major support at 1008 (38.2% Fibonacci retracement, ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to potentially push price up to even 1258 resistance (61.8% Fibonacci extension, horizontal pullback resistance). We have to remain careful that Ethereum is in a bearish channel and would increase our conviction for a bounce if it breaks the upside resistance of this channel. Stochastic (55,5,3) is seeing a bounce above 4.3% and also a recent break of a descending resistance-turned-support line signaling a potential change in momentum. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:ETHUSDLong
by Tickmill
1
Ethereum forming a major head and shoulders reversal! Ethereum is forming a really strong major reversal signal with a head and shoulders formation. A break of major neckline support at 1096 (38.2% Fibonacci retracement, horizontal overlap support, neckline support) could trigger a strong move down towards 917 support (61.8% Fibonacci retracement, horizontal swing low support). If price breaks this major level of support, then our major resistance level would be at 1177 (Fibonacci retracement, horizontal overlap resistance). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by Tickmill
17
Ethereum on major resistance, potential reversal! Ethereum is now testing major resistance at 864 (Bearish price action, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level which could push price down to at least 766 support (Fibonacci retracement, horizontal pullback support). Our next major level of resistance is at 905 (above strong bearish price action, Fibonacci extension). Stochastic (34,5,3) is seeing major resistance below 99% and is starting to drop nicely from that level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by Tickmill
7
Our forecast of the near-term price movement of Ethereum With the current drop in BitCoins (BTCUSD), let's also take a look at the near-term price movement of Ethereum (ETHUSD). Investors like you may be wondering the near-term price movement in the following week. From a technical outlook, ETHUSD hit all-time high of $875 on 19 Dec 2017 but since then it had two bearish candles in the last two trading days. So, indeed there is a near-term bearish bias on this instrument. Based on our forecast, we could potentially see ETHUSD retrace to $580 as our first target before a possible rebound were to occur. However, if this level cannot provide the necessary support, ETHUSD could potentially retrace to $500. DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
COINBASE:ETHUSD
by NinjaSingapore
5