ETH.D trade ideas
Ethereum Dominance set for new highs!!Ethereums been outperforming BTC recently with ETH's dominance starting to climb back up, i think we can easily expect new yearly highs for ethereums dominance based on how fast it is growing plus the soon to be deflationary asset will grow demand wise, we had a yearly high recently of about 21% and i think we are bound to make our way upto atleast the 22% level. We recently had a very nice breakout gaining lots of momentum but we do seem to be hitting some longer term resistance/support from back in 2017, and of course we will have lighter resistance coming from this years high. Looking at the bollinger bands we are continuing to fly up that top band with little to no sign of slowing down, we could continue climbing as the days go on, especially if we can smash through this resistance and hold it for a daily close. Checking out the MACD once again we are looking super bullish with no sign of slowing down, we see very big separation within the MA's the blue has completely shot away from the orange and we are now headed just about straight up! Histogram continues to look solid as we keep seeing growing green bars show that we definitely still have momentum, we look very very far away from a bearish cross here and overall i am very bullish on ETH short and especially long term, i think my guess at 22% dominance was a little bit conservative! Not financial advice just my opinion!
ETH.D Flag for Breakout ETH.D has provided us with a flag that will act as the ammunition for a breakout
A break through a key fib level from the downtrend and a fib level from the uptrend
Areas in red prove the fib circle, as can be seen trending around the circle
Ethereum is very hot right now
This is the chart for Ethereum Dominance
ValhallaWe are looking at a monster
Volume analysis on eth signals for massive gigantic growth
Buy area: 750_1100 , most recommended buy entry point:1200_1300 (maybe I'm wrong)
Buy in spot and keep them safe
I expect btc/eth flip in near future as eth dominance goes much higher, with no doubt eth is the new king, same analysis for btc.d signals for more fall and i can imagine btceth flip will impact the whole market movements.
What will happen has many possibile shapes to impact the market and i don't know what we will be dealing with after btc/eth flip shows up but you are going to love to see parabolic run on eth.
All hail to new king.
Don’t get over excited on ETH. Here is why (part 2)Hi crypto traders,
This is a follow up on my other analysis on ETH and the reasons I believe the ETH price may consolidate for longer than we think.
An ascending broadening wedge is usually a bearish formation with price target the bottom of the wedge. Although, this pattern have same odds to break to the upside, the RSI gave the direction already, which is bearish.
Stay safe and don’t forget that I provide ideas for you to trade but you should consider other trading ideas for a complete picture of the situation.