ETH USD - short, then long.
Hello analysts and traders,
Read before commenting;
Odd title, but the trend is bearish of course but the overall grand scheme of Ethereum, the imbalance has not yet reacted on the monthly - when this does, the outlook is long - subject to probability of the imbalance. The key here is to forecast here - via a pullback, sell, take profit, convert sells to longs and buyers take over. [Tagged long due to monthly*]
Master Key for zones
*Blue = Monthly
*Purple = weekly
*Red = 4 Days
*Yellow = 16 Hours
*Orange = Daily
*Dark Green = 8 Hour
*Grey = 4hour
*Pink = 1 hour
This is the first publication for free regarding Ethereum cryptocurrency, this will be a full comprehensive breakdown using imbalances - on a multi time frame analysis with cross pairs.
A Note before reading - this is a forecast quick analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Below are the monthly imbalances
Firstly using the monthly timeframe, this has provided two key zones of interests for long positions.
(i) the first zone has created a perfect early opportunity where price has firstly established a high of 143X dollars and retested the low - creating an inefficiency between the high and the low. Now from the low test - price has confirmed a strong imbalance where price can now target to create an equal high.
(ii) the second zone which marks an in efficiency - is between $200 - 490, where the monthly zone had created a bearish month - by creating a pathway from the bearish candle high, notice how price closed out the previous wick on the falling pattern back in July 2018. This is the key identifier which price has re-aligned creating a fractal pattern on the weekly.
where;
(i) A bullish fractal is created when the low point is established, with two higher low bars/candles on each side of it.
(ii) A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it.
** the current picture:
Here are the weekly imbalances
Here are the three zones which are imbalances created in the past. Price is currently forming a weekly/monthly imbalance at this moment, however it is difficult to determine without a close. So longs are still activated in a buying pattern upon the long term outlook and short term outlook [4days, daily].
The first zone established - has been created using the previously created all time high from $1100 - $1400- the previous monthly wick has been closed out by the imbalances of the buyers and can become the lowest imbalance but also the strongest to identify where price will able to drop to in a bearish probable scenario.
the second zone is placed above - where price created a retracement from the high established.
Using the Fibonacci tool, price aligns to a low of 50% which touches the zone perfectly. This is a perfect pivot point to complete the overextension sequence using the weekly. [refer to chart ii]
Chart ii
Price has established strong zones where price has created a bearish candle and price has reacted of this zone as expected - ultimately retesting the zone.
The upper newly established imbalance on the four day has created a retest opportunity.
The bears are coming! - which is normal as part of buying and selling imbalances.
Using the 16 hour timeframe:
Below are the sixteen hour imbalances where - price has shown a good opportunity for price to react to the following zones.
Note the top zone is a Fibonacci zone - as stated in multi timeframes above.
The true zone according to the imbalances are $3100-3500 for a opportunity to short again [if so inclined].
Let price fall and react accordingly to the zones. Await the opportunity for the imbalance wick to close out - where price will be successfully filled.
The reaction occurred as expected as the weekly zone below is the most important established imbalance.
The overall big picture of Fibonacci combined with the imbalances:
Note the 50% & 61.8% of the retracement zones are important here.
Eight hour candles pathway for a potential smaller time forecast
Cross pair analysis
Tracking the closest correlated coins [positive correlation]. Ethereum, of course being the 2nd highest coin [market cap].
Key:
Bitcoin cash - Orange
Litecoin - Sky blue
Monero - Yellow
Stellar Lumens - Purple.
Using a line chart graph, you can distinctly find where price has shown a similar market structure using imbalances. Notice the pattern formation on the in the two current zones. [1] the correlated assets are providing insights, respective to the pathway desired by price between the new imbalances.
All coins have [with respect to individual price growth], the extension pathway has created opportunities here to continue longs - where the weekly zones and monthly zones [detailed above] indicate the buying zones or profit targets for sellers in kind.
[1]
Do you enjoy the setups?
*Professional analyst with 5+ years experience in the capital markets
*Focus on technical output not fundamentals
*Position and swing trades
*Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
Read before commenting;
Odd title, but the trend is bearish of course but the overall grand scheme of Ethereum, the imbalance has not yet reacted on the monthly - when this does, the outlook is long - subject to probability of the imbalance. The key here is to forecast here - via a pullback, sell, take profit, convert sells to longs and buyers take over. [Tagged long due to monthly*]
Master Key for zones
*Blue = Monthly
*Purple = weekly
*Red = 4 Days
*Yellow = 16 Hours
*Orange = Daily
*Dark Green = 8 Hour
*Grey = 4hour
*Pink = 1 hour
This is the first publication for free regarding Ethereum cryptocurrency, this will be a full comprehensive breakdown using imbalances - on a multi time frame analysis with cross pairs.
A Note before reading - this is a forecast quick analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Below are the monthly imbalances
Firstly using the monthly timeframe, this has provided two key zones of interests for long positions.
(i) the first zone has created a perfect early opportunity where price has firstly established a high of 143X dollars and retested the low - creating an inefficiency between the high and the low. Now from the low test - price has confirmed a strong imbalance where price can now target to create an equal high.
(ii) the second zone which marks an in efficiency - is between $200 - 490, where the monthly zone had created a bearish month - by creating a pathway from the bearish candle high, notice how price closed out the previous wick on the falling pattern back in July 2018. This is the key identifier which price has re-aligned creating a fractal pattern on the weekly.
where;
(i) A bullish fractal is created when the low point is established, with two higher low bars/candles on each side of it.
(ii) A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it.
** the current picture:
Here are the weekly imbalances
Here are the three zones which are imbalances created in the past. Price is currently forming a weekly/monthly imbalance at this moment, however it is difficult to determine without a close. So longs are still activated in a buying pattern upon the long term outlook and short term outlook [4days, daily].
The first zone established - has been created using the previously created all time high from $1100 - $1400- the previous monthly wick has been closed out by the imbalances of the buyers and can become the lowest imbalance but also the strongest to identify where price will able to drop to in a bearish probable scenario.
the second zone is placed above - where price created a retracement from the high established.
Using the Fibonacci tool, price aligns to a low of 50% which touches the zone perfectly. This is a perfect pivot point to complete the overextension sequence using the weekly. [refer to chart ii]
Chart ii
Price has established strong zones where price has created a bearish candle and price has reacted of this zone as expected - ultimately retesting the zone.
The upper newly established imbalance on the four day has created a retest opportunity.
The bears are coming! - which is normal as part of buying and selling imbalances.
Using the 16 hour timeframe:
Below are the sixteen hour imbalances where - price has shown a good opportunity for price to react to the following zones.
Note the top zone is a Fibonacci zone - as stated in multi timeframes above.
The true zone according to the imbalances are $3100-3500 for a opportunity to short again [if so inclined].
Let price fall and react accordingly to the zones. Await the opportunity for the imbalance wick to close out - where price will be successfully filled.
The reaction occurred as expected as the weekly zone below is the most important established imbalance.
The overall big picture of Fibonacci combined with the imbalances:
Note the 50% & 61.8% of the retracement zones are important here.
Eight hour candles pathway for a potential smaller time forecast
Cross pair analysis
Tracking the closest correlated coins [positive correlation]. Ethereum, of course being the 2nd highest coin [market cap].
Key:
Bitcoin cash - Orange
Litecoin - Sky blue
Monero - Yellow
Stellar Lumens - Purple.
Using a line chart graph, you can distinctly find where price has shown a similar market structure using imbalances. Notice the pattern formation on the in the two current zones. [1] the correlated assets are providing insights, respective to the pathway desired by price between the new imbalances.
All coins have [with respect to individual price growth], the extension pathway has created opportunities here to continue longs - where the weekly zones and monthly zones [detailed above] indicate the buying zones or profit targets for sellers in kind.
[1]
Do you enjoy the setups?
*Professional analyst with 5+ years experience in the capital markets
*Focus on technical output not fundamentals
*Position and swing trades
*Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
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