Ethereum is approaching a mid-term resistance area Ethereum is trading into a structure support / resistance zone, around the 61.8% fibonacci level. The level also has the added confluence of the resistance trendline and the previous structure zone. We’re looking to see how price interacts with this zone. If price holds below we will lookContinue reading “ETH/USD Resistance Looming – 2 May 2022”
Tag Archives: ETHEREUM
Q1 Close – Crypto Market Recap
In Q1 we saw some very bearish action for a lot of cryptocurrencies, and one of the bigger losers, Cardano (ADA), dropped around 40% during Q1, before making a recovery. Towards the end of the quarter cryptocurrencies made significant recoveries, with Bitcoin trading back into the quarter open level. Below you can see how Bitcoin,Continue reading “Q1 Close – Crypto Market Recap”
Ethereum at key resistance
ETH/USD has traded into an extremely significant resistance on the daily chart (1D Chart) at the $3380 price. The level first formed as a support in October of 2021, and was traded into on the 4th of December 2021 in a flash crash. Price again rejected this level as a resistance throughout January, and nowContinue reading “Ethereum at key resistance”
ETH/USD – Ready To Drop Again?
Ethereum looks set to take another beating in the coming week, with price still being held below the resistance trendline. Ethereum is currently trading at 2,547 USD, and the resistance trendline lies just above price, capping the upside. We’re looking for a break below the support trendline, with sustained downside to the 1800 level. Entry:Continue reading “ETH/USD – Ready To Drop Again?”
ADA/USD Approaching Support at $1
Cardano is approaching support again at the key $1 mark (USD). If price is successfully able to break below this mark it is likely that the cryptocurrency will see sustained downside for a longer period of time. Price is holding below the resistance trendline, and was unable to sustain upside into the resistance on theContinue reading “ADA/USD Approaching Support at $1”
ADA/USD Downside? 17 Jan 2022
Cardano (ADA) has enjoyed a multi day rally however is now losing momentum. Price has been in a bearish market for the last 6 months, and we anticipate this long term trend to continue. Technically price has pulled back into a key structure zone, which is now acting as resistance. Price has also formed aContinue reading “ADA/USD Downside? 17 Jan 2022”
ADA/USD Downside – 22 Nov 2021
ADA/USD is moving to the downside aggressively now, holding below the 4H 50 moving average. The RSI is pointing to continued downside, and we are targeting the 61.8% Fibonacci level extension. Downside Target: 1.400 Violated Above: 2.100
ETH/USD Downside! 16 Nov 2021
Ethereum has made a significant drop in the last 24 hours as Biden’s infrastructure plan was approved today. The infrastructure plan had an obscure cryptocurrency tax reporting requirement. We’re capitalising on the downside pressure, targeting Ethereum downside into the $3750 level. Downside target: 3750 Violated above: 4900
ETH/EUR Retesting broken prices or fake out?
Ethereum has pushed into fresh highs, breaking out of the wedge pattern. Price has now pulled back. Is this just a retest of previous structure, or a more sinister fakeout of resistance? If price holds this support we anticipate ETH will continue printing new highs.
ETH/USD Upside? Anticipating Fresh ATH!
We are anticipating new all time highs to form on Ethereum against the Greenback, as Crypto news reels are currently full of positive news about mainstream adoption of crypto. This trade idea capitalises on the 1H chart support trendline, with the RSI showing bullish momentum. As long as price holds this trendline we will seeContinue reading “ETH/USD Upside? Anticipating Fresh ATH!”