Our Forecast of the next move of Ehereum - ETHUSD

The price of Ethereum 5.55% was subject to huge volatile move on 22 December 2017 when the price hit $460 being the low of the day.

Investors like you may be wondering what the next move of ETHUSD 5.55% is. ETHUSD 5.55% opened at $680 on 23 December 2017, which is slightly above 50% of the price range of 22 December 2017. From a technical outlook, we are watching for the price action at $720 and see if the selling pressure continues. If the price of ETHUSD 5.55% surpasses $720, we will be watching the $780 level closely for the same reason based on our forecast. We will provide a further update on this instrument in our next forecasting report.

Good trading
NinjaTrader Singapore
23 December 2017


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評論: The high of 26 December 2017 was 771, which is $9 below below our Target 2. The selling pressure on ETHUSD resumes on 28 Dec 2017. We will watch the price closely and provide another update when appropriate.
評論: Unlike XRPUSD and BTCUSD, ETHUSD has been in sideways mode for the whole week. Case study remains open and we will watch this instrument closely and provide another update when the market re-opens on 2 Jan 2018.
ETHUSD was only $5 below our Target 2 established on 23 Dec 2017 and is trading around $700 level throughout the day today (24 December 2017). We will wait for this candle to close and update our forecast of ETHUSD accordingly.
+1 回覆
Absolutely love your clean cut technical analysis! Do you have any books or reference materials you highly advise for new traders?
@K0k0, thanks for kind words again. Having traded for more than 14 years, I learned and have overcome the problem of over-thinking and over-analyzing a chart. In terms of technical analysis, you don't really need to read any books as internet contains so many reference materials and videos. However, if you really want to get one for this Christmas, I will start with Dr. Alexander Elder's Trading for a Living. Also "Reminiscences of a Stock Operator" and "Trading in the Zone" by Mark Douglas are two essential reading on trading psychology, which accounted for more than 80% success of a successful trader.
+1 回覆
K0k0 NinjaSingapore
@NinjaSingapore, Thank you for the great advice, I agree the internet's resources are plentiful, but without a proper guideline/curriculum of things that I should be learning it is also easy to get lost, that's where a book can have its advantages. :) Will definitely give a good look at those books, Merry Christmas!
@K0k0, do what works for you. Information is free online. What you need however is action and consistency. Find something that works for you and stick to it. Merry Christmas too!
+1 回覆
Totally following this post. Pls update as soon as it hits $780.
Also waiting for your post on XRP/USD.
@tinkugarg, thanks for your support. Will keep an eye of the price movement of ETHUSD. I only follow BTCUSD and ETHUSD for crypto-x purposes. So, you may want to look for other traders who share their views on XRPUSD.
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