Technical analysis of Ethereum for 06.05.2019:
May 6, 2019 6:25 amVideo
Latest News
- Outlook for EUR/USD on April 15. The euro is already falling for no apparent reason! April 15, 2024
- Trading plan for GBP/USD on April 15. Simple tips for beginners April 15, 2024
- Trading plan for EUR/USD on April 15. Simple tips for beginners April 15, 2024
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
Crypto Industry News:
The German police, together with Europol, closed the dark web market servers and took a six-digit amount in cryptocurrencies from arrested suspects.
Wall Street Market, reportedly the world’s second largest dark web market, was closed by the German federal criminal police under the authority of the German prosecutor’s office. According to the report, the German authorities arrested three suspects and took over 550,000 euros in cash along with Bitcoin and Monero in six-digit amounts (the value is unspecified real), as well as several cars, computers, hard drives, and other items.
Europol noted that there were over 1.15 million users registered on the Wall Street Market, of which 5,400 as drug sellers, stolen data, fake documents and malware.
Technical Market Overview:
The ETH/USD pair has completed the wave X of the overall corrective structure at the level of 172 and started to unfold another three waves down from there. Wave A might have been completed at the level of 155 already, so now it is a time for wave B to unfold. The likely target for wave B is seen at the local trendline resistance around the level of 165-166. After the wave B is completed, there is still wave C left to unfold in order to complete the larger degree correction in wave 2.
Weekly Pivot Points:
WR3 – 187
WR2 – 179
WR1 – 170
Weekly Pivot – 162
WS1 – 152
WS2 – 144
WS3 – 134
Trading Recommendations:
The local corrective structure to the downside has been completed at the level of 155, so the best strategy to trade the Ethereum now is to buy the pull-back on the way up as the wave B is unfolding. The target is seen at the technical resistance zone between the levels of 165- 166.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: