Ethereum (ETHUSD) Daily Chart Descending Wedge Nearing Completion Saturday, August 24, 2019 by Darren Chu, CFA of Tradable Patterns

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Also seen on Interactive Brokers, Amazon, Liquid (Quoine), EXMO and Zerohedge,Tradable Patterns (https://tradablepatterns.com)provides daily technical analysis on a subset of three CME/ICE futures (commodities, equity indices), spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation, along with a separate weekly technical and fundamental analysis newsletter on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD). For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Ethereum (ETHUSD) spent this past week just below the psychologically key 200 whole figure level. Bulls should get reprieve any day though as hinted by the bottomish daily RSI, Stochastics and MACD, and the descending wedge nearing completion (on the daily chart)...Click here for the rest of today's technical and fundamental analysis on Ethereum, Bitcoin and Ripple.

Ethereum (ETHUSD) Weekly/Daily

Click here for the rest of today's technical and fundamental analysis on Ethereum, Bitcoin and Ripple.

Sample ofCrypto Weekly Outlookavailable to Free Subscribers(published Aug 11, 2019)

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About the author

Before the launch of Tradable Patterns , Darren Chu, CFA, served as IntercontinentalExchange | NYSE Liffe's country manager for Australia, India, and the UAE between July 2010 and January 2014, expanding his role to look after Liffe business development in APAC ex-Japan/Korea until his departure mid April 2014.  His primary remit was developing relationships with Liffe clients, prospects and partners in the buyside (traditional and alternative asset managers), proprietary trading (high frequency algo as well as manual, point and click traders), bank, broker (institutional and retail), commodity trader and ISV community.  Key futures and options promoted included European/London rate benchmarks such as the Euribor, Short Sterling, Gilts, London/European index futures including the FTSE and CAC, London soft commodities (Robusta Coffee, Cocoa, White Sugar), Paris (MATIF) markets (Milling Wheat, Rapeseed), and NYSE Liffe US markets with the MSCI EM, MSCI EAFE, gold/silver, Eurodollar, US Treasury and GCF Repo futures being the focus.

Previously, Darren was with the TMX Group | Montreal Exchange for 4 years, marketing Canadian futures and options across North America, London, Singapore and Hong Kong.  Darren also launched and managed CMC Markets Canada's Chinese marketing and sales team, along with educational offering.  On the academic trail, Darren has been a frequent guest speaker at Canadian universities as well as an author of content for 3 derivatives courses offered by Canadian Securities Institute and mandatory for licensing of Canadian derivatives industry professionals.

Darren can be reached at +65 8118 8840 or via email at darrenchu@tradablepatterns.com.

contributing author since 11/21/2017