Jump to content
Sign in to follow this  

Ether - Under the radar but prices are rising

Recommended Posts

Ether is really struggling to move above $200 but it seems to have performed better than some of the other well established alt coins on IG apart from EOS. 

If it can break $200 then I can see it having a real go at its 100 DMA which is around the $228 price area. This will take out all of the 20, 50, 100 and 200 DMA's. $203 will see it take out its 20, 50 and 200 DMA's. 


Share this post

Link to post

Ether is up over 5% at the time of writing this post but the chart for Ether looks more enticing to me than say Bitcoin Cash and Litecoin. 

If Ether can surpass $233.00 then I think it could begin to get very interesting. It is hard to value Ether at the moment. I mean it is hard to value Cryptocurrencies full stop. Ether looks exciting with the current price action. 


The price for Ether has surpassed its 20, 50, and 200 DMA's. It is looking like a stronger possibility than before that it will try and surpass its 100 DMA on the 'daily' that is. The 20 DMA is beginning to slop upwards which is very interesting. 

Keep a close eye on Ether short to medium term as it could present a fantastic trading opportunity. 

Share this post

Link to post

Ether is looking like it wants to breakout and hit $225 today. It is currently trading over 4% up and the chart from a 'daily' perspective is starting to look bullish as below.


It is heading towards some resistance with those two mountain peaks you can see towards the 'left' and if it can surpass those two points then it will be a sign of strength for Ether. Let the battle begin!

Share this post

Link to post

Ether is one of the best performing Crypto's today and is approaching that psychological $200 price level. For me it is going to have to surpass those two mountain peaks which I mentioned in my previous post (above) which is going to be challenging. On the daily this is around the $230 price area. Until it clears that challenging hurdle then one cannot be sure of any serious bullish move in Ether. 

Share this post

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
    • Total Posts
    • Total Members
    Newest Member
    Joined 19/10/19 18:34
  • Posts

    • Hey @dmedin. That news piece is something I long suspected. If anyone can move the market with just one tweet then why shouldn't the cronies profit from it. I'm just surprised this has taken so long to get to the "news".
    • Ok, so I took this approach to the next level. Rather than telling the algorithm enter long at 25% and enter short at 75% levels, I decided to let the algorithm decide itself at what levels its best to enter short or long. This simplifies the strategy and boosts its gains dramatically. Top level stats over 100,000 5min candles: Gain: +1,307% % of winning trades: 60% Starting with a £2000 account, after 1 year and 1 quarter that account would have grown to almost £30k (£28k). The equity curve looks also a lot more stable, too. I resolved the issue with the lot size, this is now a formula. Unfortunately we still have 3 negative months, but overall the max runup is a lot higher than the max drawdown. Overall time in market is only 20%, so there should be the opportunity to run multiple of this strategy on different assets simultaneously to further boost the return. If let's say 3 of these programs could run simultaneously and deliver similar results you could grow £2000 to £100k within about 18 months. Still not as good as the results of the few world-class top traders like Ross Cameron from Warrior Trading, etc but a start nonetheless. The variables which the program optimised are the following: Take Profit for Long Positions: 84 points Take Profit for Short Positions: 70 Points Entry LvL for Long Positions: 23 Points below the low of previous day Entry LvL for Short Positions: 7 Points below the high of previous day Interestingly, it turned out the strategy works best without a set stop-loss, but just to close out any open positions at 21.00 o'clock at night, if not already closed by the take profit rule. I'm gonna simulate this on NASDAQ next. Obviously will need to find out the 4 variables again, as these will be subject to the Index where this is traded.   What do you guys think? Worth a shot this strategy?  
    • Lool, I'm sorry for my first post here, but it's funny :)