EtherCharts
Long

ETH/USD is 'Cooking with Gas'

BITFINEX:ETHUSD   Ethereum / Dollar
I entered the last week being a bit circumspect about the chart's reliability in getting a sense of where ETH/USD might have found bottom coming off the not-too-distant trek to over 400 - then heading almost as quickly for the 130's. That's some serious movement and I thought that the chart would likely be full of noise. I even thought that the chart might be useless.

Today I am stating that the chart has worked beautifully. here is a list of what was pointed out in the last couple of weeks that WORKED.

1. Break of down trend parallel channel was stated as a precursor to a bottom forming
2. Secondary channel (still a down trend) developed that back tested the broken resistance TWICE (little green arrows on the chart)
3. Two descending wedges that did their thing like clockwork
4. Small inverted head and shoulders pattern that ended up being nested in...
5. A larger inverted head and shoulders pattern that broke out just TODAY
6. Small consolidation triangle that formed today and is now in the rear view mirror

The only thing that did NOT work was a potential inverted head and shoulders pattern that became too extended on the right shoulder for my personal taste.

The only thing that stands in the way of ETH/USD and 300 is a potentially rough patch created by the short term high in the 250's back on July 18.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden