ETH.D trade ideas
Eth dominance ready to moveThe 23% retracement is being back tested currently. Looking for a bounce off that level for a long to the next level. Should stay in a range for awhile. Long term targets 78% retracement.
Ethereum Dominance (ETH.D) - September 23Hello?
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(1D full period chart)
Breaking above the 9.30 point formed an upward trend.
And, by breaking through the 10.99 point, we reached a bullish market.
We think we are ready to create a new wave by breaking through the 9.30 and 10.99 points, which are important points on the ETH dominance chart.
In addition, by touching the important section 13.27-14.26, I confirmed my will to create a new wave.
It remains to be seen whether it will gain support and create a new wave at the uptrend line (2) and at 11.70.
Also, I think it is important not to fall below the 10.99 point.
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(ETHUSD 1D chart)
The ETH dominance chart and the ETH price chart look very similar.
It remains to be seen if it can rise above the uptrend line (5).
If it falls, you need to see if you can get support at the uptrend line (4).
It is struggling as it declines from the 390.0 point.
We need to see if we can climb above the 350.63 point.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
eth dominance a great way to size up patterns and take profit levels are through dominance charts like this one... for example, a good potential take profit level is at the 50% retracement.
ETH.D v BAND FractalFractal observations:
Expecting the pump for the rest of the weekend. Hit resistance, then ETH.D possible meltdown. Bull run restart late-2020 a la 2018.
That forms a cup and handle for the previous chart and would possible coincide with the ETH2.0 announcements. 2021 might continue being the year of ethereum, if this fractal plays out.
Publishing to compare later, because why not.
Ethereum Dominance OutlookWell there you have it, the dip to the $9700 region we saw back in July. Now we wait for it to linger in this area while other cryptos continue their runs.
Chart:
Now the summer of ethereum looks to turn into the rest of the year of ethereum with the dominance looking set to go off after forming a rounded bottom and retesting.
Seems the bitcoin dominance was putting up its last bit of resistance with a fakeout.
Idea for summer of ethereum (back when I was still figuring out chart scales :) )
And now we sit back and see if the alt season plays out. I am expecting a BTC to alts relationship, as USD to emerging markets.
ETH Market Dominance at 2020 HighEther’s market cap’s share of the broader digital asset market hit a 2020 high over 14% Wednesday. Although dipping a bit Thursday, the last time ether’s share was at these levels was back in August 2018.
“A large number of useful projects on the Ethereum blockchain contribute to ether dominance growth,” said Azamat Malaev, co-founder of HodlTree, a decentralized lending protocol. However, scaling is an issue that could cause ether’s share to wane, Malaev added. “To maintain this trend, Ethereum urgently need to scale the network - for ordinary users, transactions are already very expensive”
Market dominance BTC and ETHA dump idea for BTC down to spiral trend of the 100 - 95% move
A breakdown of the Broadening Wedge that has formed
Ethereum dominance looks very bullish , i dont know what else to say
Another scenario for bitcoin dominance linked, a less grim one.
Ether Dominance At HIghest Point So Far in 2020 Thanks to DeFiThe dominance of ether in the cryptocurrency market crossed 12% Monday, its highest point in 2020 according to data calculated by real-time charting firm TradingView. Dominance, or the market cap as a percentage of the entire cryptosphere, is a measure traders use to quickly get a sense of a cryptocurrency’s importance relative to the broader digital currency market. Although ether’s dominance has dipped below 12% Tuesday, it’s still higher than it has been all year; the last time ether hit 12% dominance was back in May 2019.
“DeFi users can access that market using stablecoins. But clearly the main core asset fueling the DeFi run is still ether, hence its recent dominance,” said Jean-Marc Bonnefous, managing partner for Tellurian Capital, which has been investing in crypto projects since 2014.“The recent development and ramping up of new and better DeFi applications such as Compound, Aave and Balancer is clearly generating more traction for Ethereum,” he added.
ETH Dominance BULLISHLooks very bullish
Symmetrical triangle and a falling wedge both bullish patterns
ETH.D set for slideI’m very bullish on ETH coin long term. But ETH dominance looks set for a slide here in the near future to a range of 5-7% if this pattern holds true. A lot of bullish news will be incoming for ETH this year but initially it could lag behind smaller alt coins on gaining market share. I believe ETH to be the best coin to own long term but in the shorter time frame it might take a back seat to other coins.
The Summer of EthereumEthereum dominance broke out of long term downtrend.
Flipping the previous resistance and should take off.
The projected price appreciation, should line up with the release of ETH 2.0 and the staking lock up of the supply.
ETH.D - Looks Inevitable LongEither now or on the pull back, one way or other.. Long. Caveat if BTC rips through major 10.5K resistance. Seems likely BTC either stays supressed or is just able to follow alts. Halving narrative over. Staking narrative has been taking over, and will probably continue.
Comparison of Market Capitalization: BTC vs ETHThis is a simple chart to compare the market capitalization of Bitcoin and Ethereum. Each line represents the percentage of total crypto market cap that is occupied by each of the two digital assets. Scale on the right side is the same for both lines and has units of percent (%).
06/05/2020 #ETH Dominance forecast for the coming period!06/05/2020 #ETH Dominance forecast for the coming period!
Almost ready for launch!
ETH.D - Benchmark for AltsAside from BTC, looks like ETH is back as the benchmark for alts. Especially for "smart" chains. Daresay also for permissioned blockchains. Blockchains still infant. There is a lot of competition out there. Looking ]for those killer apps. Wild west. Show me the use cases !
The Dominace Of Ethereum. (ETH)Nice wedge pattern developed.
We are testing the top of range.
Monthly is showing a potential turn for a big push up.
Bitcoin dominance continues to drop as ethereum dominance seems to show different signs.
We are getting some nice price movement on the weekly and 2 week on bitcoin but we are not out of the gate yet.
Monthly turns are the signs we want when looking for a long term entry.
Good luck.
