D4rkEnergY

Hmm!! ETHEREUM Is Gonna RECOVER.... But NOT For Long! See Why..

BITFINEX:ETHUSD   Ethereum / Đô la
Hello My Lovely, Smart and Skilled Followers <3

D4 wanted to give you a quick update on what ETH has been up to. We are not taking a look at the 1D ETHUSD             Chart.

Looking over the week or two, Bitcoin             is almost certainly going to hit that 6,000 USD - or even maybe 5,000-level. What does that mean for Ethereum? Well, you guessed it my friend! It's gonna go down too. And as always, it will do worse than BTC             .

But there is a bit of light in the darkness though. D4 wants you to notice how ETH is oversold on the daily RSI , so we can expect it to bounce up a bit! YAY! :)

But up how much then? Well, as said, BTC             is not gonna let it party too much. If Bitcoin             will manage to go to 7,8xx USD, as it seems like at this very moment, we will probably see ETH go up to 424 USD, where we have resistance, that is also is a Low Volume Node (L.V.N.)

Looking at the chart I see everything clearly. First we will slam our head into 424 USD, and then bounce back down to the black dotted line, which acts as HUGE support. 2 reasons - Firstly it's 78,6 % retrace and secondly it's Point of Control (P.O.C - the longest node on the Volume Profile ).

That's all I had to say about ETH for today. Don't panic. Markets have to retrace. Be patient, and you'll see it reverse before long.

D4 loves you <3

Please give a like if you think ETH needs some encouragement today! Thank you, my friends :)
Bình luận: So as you can see, we almost reached our target at 424 USD, but then Bitcoin decided to retrace from 8,500 USD.

I will come up with a VERY interesting chart soon, which shows that ETH will take over from BTC.........

Stay tuned <3 Please give a LIKE and some LOVE!

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Could You have more Updates or ideas on ETH/USD please? Thanks D4 . Im learning from your posts :)
Phản hồi
Possible new H&S for BTC too; can be easily seen on the 30min chart.
Phản hồi
massive Head and Shoulder on ETH .. not looking good also news about new ASIC miner will be bearish long term
https://cointelegraph.com/news/bitmain-releases-ethash-asic-miners
Phản hồi
@sushrest, The big HS formation is not a huge deal, when it has such a strong right shoulder. BUT if BTC will go down, which it probably will very soon to 6k or even 5k, ETH will also go down to around 300 USD, where we have huge support (POC and 78,6 % retrace)
+3 Phản hồi
D4rkEnergY D4rkEnergY
@D4rkEnergY, And thx for the article btw :)
+1 Phản hồi
+3 Phản hồi
I was eyeballing $424 too. It could be a trend support from some recent swing highs. We'll see.
+1 Phản hồi
Levitikon Levitikon
@Levitikon, And this bisects larger time frame trend lines. Like a little spot light from heaven. Got a feeling about this.
Phản hồi
do you think eth is good to short at this area?
Phản hồi
ETHBTC also very oversold. Seems to me that ETH could bounce pretty good here.
Phản hồi
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