Ethereum Price Looking Bullish After Recent Move

The price move of Ethereum the past week has been quite bullish. Last week I wrote a post covering the positive signs I saw from price coupled with some upside targets.

Luckily it played out and Ethereum pushed higher reaching all but the 230 target on this first move.

Orderly Push Higher w/ Constructive Pullback

I love what I am seeing from price right now. If you look at the chart in this post you can see after the aggressive push higher we are seeing a nice little pullback.

This is constructive for two reasons:

  • Volume was rising on the move up and is declining on the move down (though on a whole volume still isn’t very high)
  • After stretching away, price is having an orderly pullback to allow the 10 day moving average to catch up (which I am using as a guide for re-entry)

As much as I’d like to see price touch the 10 day moving average and then push higher, it doesn’t always work that way. It could turnaround at any moment and push higher or come down even more. In the end, we need price to maintain above 202 for the price action to remain in a bullish tone.

As for upside targets. That 230 area is the next target. If price breaks above there then it has a shot at establishing in that prior range that has upside up to 273.

Is Alt Season Here?

Alot of people are claiming alt season is here. Well, I hope they are correct, but if we don’t get a second leg in this move by Ethereum and other alts then all it was is a bounce.

Here’s hope for another push!

Ethereum Chart Showing Positive Signs

The month of September had been constructive for ETH. If you look at the chart you will see three positive things occurred with price.

Break of Down Trend (descending triangle)

As you can see from the blue down trend line when price pushed down to support in that 168 area it was open to hold and then push the descending line.

This led to a modest bounce before a retest.

Retesting of Support/Down Trend Line

After the modest little bounce, two things happened: price testes the support line and tested the down trendline, which both happen to be at about the same price.

Anytime you get a break of a trend, a successful retest of it is always welcomed and considered positive price action.

Higher Low Formed

After the retest price pushed higher into the mid 180s or so and then had a small pullback briefly dipping into the 170s. At which point price has pushed higher the past few days.

This is important because in order to have an uptrend you need to see price create higher lows. Which just got one now we need more.

Price needs to stay above 180 for this recent price action to keep it’s positive tone, in my opinion.

The next upside target would be around 200. We shall see what happens the rest of the week.

After Modest Price Bounce What’s Next for Ethereum.

Past few days saw crypto bounce after the hard sell-off.   Ethereum really didn’t bounce as much as BTC and LTC and finds itself at an inflection point.

Resistance Levels and Moving Averages

Looking at the daily chart you can see price rallied and met the 10 period moving average to work off some of the extremely oversold status it was in.

This level also happens to be a prior support, right around 230.   As we know once a support level is broken then it tends to act as resistance.

Thus, for price to go higher we need to see a push through this level and above the moving average.  Generally this happens when there is a volume buying breakout.

I don’t know if the crypto market has this in the plans after the relief rally.

Bitcoin is looking a bit healthy and as if it could leg up again, while litecoin does have a nice V-bottom pattern going on, but also is just bouncing from the breakdown of a head and shoulders pattern.

It will be interesting to see how those coins play out as well because as we know.  If those aren’t pushing higher its’ not likely ETH will either.

Ethereum and the $275 Brick Wall

For over a month now the price of Ethereum has struggled at a certain price area.  It is currently at this point again and has found some early resistance.
Ethereum and the $275 Brick Wall
I have posted the weekly chart of ethereum here as it gives us a clear view over the last 5 weeks of how the $275 area has been a problem.
Here’s the thing though, there is so much pent up action at that price that when it does break ETH is likely to give a burst higher.  Upside targets would be 293 and then 318 with the larger

Just go watch this… // MC Vitalik

I always knew Vitalik was a crypto gangsta, but i could have never anticipated that he threw it down so hard….

Haha. What can i say about this. Its pretty amazing. Its the reason why Trx will never beat Ethereum. Justin Sun doesnt have as good of a flow. lol

Goddamn, is this video is cringy. haha

Just a short post today. Had to share this. Ill see you around. 😀

Ethereum Price: Predictable and Under Performing

Did everyone have some fun the past 48 hours with the crypto move?  If ETH is your favorite coin then maybe it wasn’t all that fun.
Failed Breakout
Ethereum did make a push and even pressed through it’s big resistance level.  However, unlike BTC and LTC it did not maintain and level up.
Looking at the chart in this post you can see ETH blasted through, well maybe blasted isn’t the right word, it pushed through the 168 area resistance, but unfortunately could not close above it and came tumbling back down with the rest of the market in last night’s profit taking

Bitcoin, EOS, Ethereum and Ripple Analysis: BREAKOUT

Bitcoin has been consolidating within a falling wedge these past couple weeks. Today it broke out of that wedge with a nice increase in volume behind it. Volume is no where near where it needs to be for a sustainable bull run, but that’s not to say it can’t get there.

EOS broke above the known $2.45 resistance. The next major area of resistance is $3.00. If it can remain above at least $2.70 today, it could be a sign this bullish move has legs.

Ethereum bounced nicely off the known $100 phycological support. It’s currently trading around $118. The next major

Crypto Contest February 8: Ethereum

Ethereum (Kraken: ETHUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ether began a wave one advance on December 14, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Ether should be heading next towards the January 5 peak in the red wave three.

(Chart courtesy of (log scale))
Looking at the monthly chart, I believe Ether is currently in the red wave five.

Bitcoin, EOS, ETH and Ripple Analysis: QUICK UPDATE

Bitcoin has broken below the $3,400 support, currently trading around $3,365 on Coinbase. Volume remains weak.

EOS seems unable to break above the $2.45 resistance, currently trading at $2.36 on Bitfinex.

Ethereum continues to bounce right above the psychological support of $100 on Coinbase.

Ripple is still operating within a falling wedge, currently trading around $0.29 on Bitfinex.

In today’s video analysis I discuss, where prices may be heading next, various trade setups I’m waiting on and so much more. I hope you find it helpful.
Video Analysis:


If you don’t see the above video, navigate to TIMM ( or Steemit in order to watch.

I hope

Technical Analysis for Bitcoin, EOS, ETH and XRP: BRIEF OVERVIEW

Bitcoin has broken back below $3,400 (Coinbase).

EOS is hovering around $2.27 (Bitfinex) and seems to be eyeing the $2.11 support.

Ethereum is sitting on the $100 phycological support. If that support breaks decisively, we could see it fall as low as $80.

Ripple (XRP) looks to be operating within a descending wedge. While this is a bullish pattern, it may get worse before it gets better.

In today’s video analysis I discuss, traps to avoid, where prices may be heading next and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM ( or