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Ethereumprice

Is Ethereum trading in a Ascending Triangle?Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. The RSI is showing either a descending triangle or a bull flag, it could be a divergence & play out bearishly, only time will tell. Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again.
KRAKEN:ETHUSDLong
by ScotianBot
1
Ethereum (ETH) analysis 18.11.2019We were not expecting big moves in the green zone for the coin unless a proper consolidation was in place to trigger an escape from the $180-$190 area. This was even more obvious on Thursday, November 14 as the Ethereum token continued to slide and retreated to $184. We witnessed another sharp drop in price on the last day of the workweek. The coin closed at $179,7 with a 2.7 percent decrease or one step below the support zone. On Saturday, November 16, the ETH/USD pair initiated a recovery and jumped to $182. It continued to rise on Sunday, November 17 and closed at $183.9 with 2.9 percent of a weekly loss. The chart remains unchanged due to the unchanged conditions in ETH trading during the last 4 days. ETH is still ranging in the $190 -$180 zone since October 26. It was again rejected at $190 on November 14 and moved down to the lower end of the trading area.
BITSTAMP:ETHUSD
by FutureBlockchain
Is Ethereum trading in a descending triangle.Since trading in a large ascending triangle starting in early February this year, breaking out in mid May, we've seen a blow off top down into a descending triangle. Now it appears as though this could play out as a bull flag & negate the descending triangle... It's possible we see a rally, because Bitcoin is clearly trading in a bull flag or descending triangle as well. ETH likes to trade in correlation with BTC, so we'll see I guess... The 200 Day MA isn't far away, roughly 17% to the upside, and the rsi is roughly neutral. Interesting. Time will tell per usual.
BITFINEX:ETHUSDLong
by ScotianBot
1