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: ETHUSD
Bitcoin Teetering At Between Support Pivot & MA Resistance
The Crypto King, Bitcoin, has dropped below the $40,000 mark again. Price broke below the 50 and 100 day supports yesterday, closing the day down -$3197 (7.54%) from the daily high. Despite the sell-off Bitcoin bulls still have a few reasons to remain hopeful. The first is that during todays trading price has held aboveContinue reading “Bitcoin Teetering At Between Support Pivot & MA Resistance”
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/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!”
Eth Approaches Resistance – Will It Breakout?
ETH is approaching trendline resistance in a wedge pattern. Could we see price break out? Price action is cautiously bullish and the RSI is holding bullish levels. However, the ADX is on the decline, marking a trend that is losing momentum. If we see price bounce from here we could see the recent lows ofContinue reading “Eth Approaches Resistance – Will It Breakout?”
ETH/USD Upside – 24 Aug 2021
Ethereum is trading to the upside against the US dollar today. Price is holding above the previous highs and the 50 and 200 hour moving averages are both now acting as support. We anticipate continued upside into the key pivot at 3500. Upside Target: 3500 Violated Below: 3200 Entry: At Market
ETHEUR Upside – 12 Aug 2021
ETH/EUR is flying to the upside following US CPI data, which displayed increasing inflation. Technically the pair has pulled back and is now resuming upside, with all indicators pointing to upside. Upside Target: 2940 Violated Below: 2550 Entry Type: At Market
ETH/EUR Upside! 6 Jul 2021
ETH/EUR has broken the downtrend and is now moving to the upside. price has given us a retracement back into the moving averages and we anticipate further upside from here. The PPO and RSI are both bullish! Upside Target: 2053 Violate below: 1756 Entry: At Market