Potential bullish bounce off 50% Fibonacci support?Ethereum (ETH/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 3,042.40
1st Support: 2,924.22
1st Resistance: 3,217.56
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ETH-D
Potential bullish bounce off 50% Fibonacci support?ETH/USD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 3,035.12
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 2,926.40
Why we like it:
There is a pullback support level.
Take profit: 3,196.54
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
key is whether it can receive support and rise around 3025.37Hello traders!
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(ETHUSDT 1M chart)
You can see that ETH has a volume profile around 2.7K and in the 1.4K-2.0K range.
Also, due to this decline, the HA-High indicator appears to be moving from the 3321.30 point to the 2514.38 point.
Therefore, if the HA-High indicator is created at the 2514.38 point when this month closes, the primary support zone is expected to be the 2514.38-2.7K zone.
The second support range is 1.4K-2.0K.
(1W chart)
Even if you hide all indicators and just look at the arrangement of candles, you can intuitively know where support and resistance points or sections are formed.
The reason is because volume candles charts were used.
The thicker the candle, the more trading volume has occurred, so you can see that the point or section where the corresponding candle is located forms a volume profile section.
Therefore, it can be said that the area around the candle that the finger points to corresponds to the volume profile section.
Since the psychological volume profile section is formed over the 2616.79-3043.91 section, the key is whether it can receive support and rise around this section.
(1D chart)
Unlike the BTC chart, the HA-Low indicator was not created on the ETH chart.
Therefore, it cannot be said that a low point has been formed yet.
Therefore, further declines along the downward channel seem likely.
At this point, in order to turn into an upward trend, the price must rise above the MS-Signal indicator and maintain the price.
Therefore, the key is whether the price can be maintained by rising above 3025.37.
The 3025.37 point is the HA-High indicator on the 1W chart, so if it receives support around this point, it is likely to lead to a further rise.
In order to continue the upward trend, the price must rise above the HA-High indicator and maintain the price, so it must rise above the 3903.61 point, which is the current HA-High indicator point.
Have a good time.
thank you
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- The big picture
A full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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ETH: sell in best level📊Analysis by AhmadArz:
🔍Entry: 3137
🛑Stop Loss: 3182
🎯Take Profit: 3110 - 3086 - 3041 - 2986
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Ethereum Analysis: Key Points and Strategic Insights 🔍As we dive into Ethereum (ETH) analysis, it's crucial to note that ETH's value relative to Bitcoin (BTC) is currently declining, and the ongoing ETF approval process could significantly impact its future. Don't overlook these factors!
Analysis Overview:
Channel Dynamics: ETH experienced a parabolic move after breaking out from its previous ascending channel. We cloned this channel and observed strong reactions at the top and middle lines. We're now watching for reactions at the channel's bottom to confirm its validity.
Fibonacci Correction: ETH has corrected to the 50% Fibonacci level of its previous wave, as seen on the chart.
Entry Strategy:
For a safer entry, wait for a weekly candle with strong momentum from this area.
For those willing to take a risk, entering with a stop loss below $2600 and adhering to sound risk management might be worthwhile.
Key Levels to Watch:
Better Entry Point: Break above $3270.
Main Resistance: $3650.
For Holders and DeFi Users:
Holders Involved in DeFi/EVM: No immediate need for concern.
Pure Holders: Set a stop loss below $2150 for risk management.
Borrowing Strategies: Keep your liquidation point below $1900 for now.
Long-Term Targets:
It's too early to discuss long-term targets. We'll revisit this once Bitcoin's movement becomes clearer.
👍 If you found this analysis helpful, please like, comment, or share! For more insights, follow #Tradecitypro and #TCP 🚀#eth #ethusdt #Eth #Ethereum
🔖 Categories: Technical Analysis, Market Strategy, Risk Management
📌 Stay tuned for further updates as the market evolves, and happy trading!
After exiting from triangle, Ethereum can continue to growHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price declined to the resistance level, which coincided with the seller zone and even fell below this level but soon backed up to the seller zone. ETH some time traded in this area and later rebounded up to 3717 points, after which it turned around and made a downward impulse to the support level, which coincided with the buyer zone, breaking the 3360 level. Also, the price started to trades inside the triangle, where it bounced from the 2875 level and started to grow to the resistance line, which their moment coincided with the resistance level, after which it rebounded and fell to the buyer zone. But soon Ethereum turned around and rose back to the resistance line, but couldn't fixed and fell back to the support level. Some time later price made an upward impulse from this level and a not long time ago Ethereum exited from the triangle pattern. Now I think the price can make a small correction move and then continue to grow. For this case, I set my target at the 3360 level. Please share this idea with your friends and click Boost 🚀
🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support.
I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low.
The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
Ethereum's Drop: Is $2500 Still in Sight?I mentioned in the previous video that we might see a drop in the price of Ethereum as the ETH/BTC pair breaks lower due to liquidity being drawn to Bitcoin.
We have observed a relief rally towards the 20 EMA, following the breakdown of the ETH/BTC pair, while still respecting the 20 EMA.
Based on the previous cycle in 2019, we saw something similar as ETH/BTC broke down the support. ETH/USD retraced towards the 20EMA before dropping about 30%, so we could have something similar play out.
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Alikze »» AVAX | Ready to break the necklineIn time 2W, after a complete upward cycle up to $147, it made a complex double structural correction, which corrected more than 50% of the previous wave. Currently, it is located in the important resistance area and the neck line, with its failure, it will have the ability to reach the ceiling before and after that, the first target of $515. Therefore, we can wait for the failure of the important area to continue the upward path of this currency, which, according to the momentum, will have the ability to break the specified range.
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$TURBO Token - Breakout incoming?!1. Price Trends : Over the past 24 hours, the OKX:TURBOUSDT Token has seen a significant price increase of > 25%. This suggests a strong bullish sentiment in the short term. Over the last week, the price has risen by > 45%, indicating a positive trend over the past few days.
2. Trading Volume : The 24-hour trading volume for OKX:TURBOUSDT is > $30 Million USD, which is a healthy volume that reflects active trading interest in the token.
3. Market Cap : The market capitalization of OKX:TURBOUSDT is > $100 Million USD. This places OKX:TURBOUSDT at a relatively lower market cap compared to some other tokens, potentially indicating room for growth.
5. Community and Sentiment : The OKX:TURBOUSDT community seems to be quite active and bullish on the token's prospects. Tweets and discussions about MYX:TURBO often mention its potential for growth and the strong community backing it.
In conclusion, the OKX:TURBOUSDT Token has shown significant price appreciation in the short term and has a relatively low market cap, which could indicate potential for growth.
Falling towards pullback support, could it bounce from here?ETH/USD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit.
Entry: 2,865.45
Why we like it:
There is a pullback support level.
Stop loss: 2,814.40
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci projection.
Take profit: 3,036.53
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ETH "bearish volume"Same indicator as the previous chart image share of BRK.B. Ethereum shows constant selling pressure using an imaginary indicator of type that may or may not be of any reasonable concern. This information is not meant to determine whether to buy or sell. It is a fact that there is more selling going on than buying yet the buying for some cryptocurrency and some stocks remain winning in their progress.
ETHUS - Daily BullishnessThe bullish activity is evident when you take a look at the descending RSI on this daily timeframe, while the price is moving up.
This is a huge divergence and I expect the breakout to be massive
The curved pattern in green is where I expect the breakout to occur, which it is very close to.
Falling towards pullback support, could it bounce from here?Ethereum (ETH/USD) is falling towards a support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 2,982.64
Why we like it:
There is a pullback support level.
Stop loss: 2,865.45
Why we like it:
Thee is a pullback support level.
Take profit: 3,129.78
Why we like it:
There is an overlap resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Trade Like A Sniper - Episode 7 - ETHUSD - (16th May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing ETHUSD, starting from the Monthly chart.
- R2F
Heading into 61.8% Fibonacci resistance?Ethereum (ETH/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse from this level to the 1st support.
Pivot: 3,082.23
1st Support: 2,963.76
1st Resistance: 3,181.69
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
🔥 Bitcoin Inverse Head & Shoulders! New All-Time High Soon 🚀Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern.
In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed.
As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min). In my eyes, this could be the start of the next leg up towards the current all-time high, and likely beyond.
📈ETH: Identifying Key Entry Points in Futures Trading👑🔍Today is a crucial day for altcoins, as they have reached significant support levels. The market exhibits clear signs of buyer weakness, with selling volumes substantially outpacing buying volumes. Given these conditions, short positions are more favorable. The focus of today's analysis is Ethereum (ETH), the leading asset in the DeFi space that continues to attract a large number of enthusiasts. Let's examine potential entry points for ETH in futures trading.
🔄In the last analysis, I provided two triggers for positions—one long and one short. Both positions achieved their targets if closed early as advised, resulting in profitable trades. If you entered these positions, please share your experiences in the comments; it’s gratifying to see you profit from the provided triggers. If you missed these triggers, don't worry—there are always opportunities in the market. Pay close attention to the triggers I provide to avoid missing future movements and to secure profits.
📉The chart clearly shows a downtrend for ETH, with a descending triangle pattern indicating a potential move lower. The trigger for this triangle is the support at $2,880. If a candle closes below this level, we can expect the price to move down to the $2,614 area, providing a suitable target. Confirmation of this downward momentum can be reinforced by the RSI breaking below its support at 36.59. This would allow us to confidently maintain our short positions. The volume of the candles is also crucial, as increasing selling volume could lead to a sharper decline. Thus, this trigger offers a solid short position opportunity.
📈Despite the strong selling pressure, we should always prepare for multiple scenarios and avoid being surprised by market movements. Like a general with multiple battle plans, traders should anticipate various outcomes. Although I see a higher probability of a decline, I still consider potential long triggers. Given the strong downtrend and weak buyer momentum, I would enter a long position only if a candle stabilizes above $2,964. However, the risk for this position would be half of the usual, and I would close it quickly. A more reliable long trigger would be $3,283, which becomes logical if the SMA99 moves below the candles, removing a significant dynamic resistance.
📝In conclusion, Ethereum's current market conditions favor short positions due to a clear downtrend and significant selling pressure. The primary short trigger at $2,880 and target of $2,614 offer a promising setup. However, always prepare for alternative scenarios. For potential upward movements, consider long positions with a candle close above $2,964, but manage these positions with reduced risk and quick exits. The more robust long trigger at $3,283 could provide a safer entry as market dynamics change. Stay vigilant, manage your risks, and adapt to market movements to capitalize on trading opportunities.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
CPI Index Rises over 43% per decade on Average - Don't be Fooledby the Politicians, Talking heads and Bankers.
Governments can only Tax, Borrow & Spend
Central Banks can only Print & Lend.
If this index were to rise by the average of 43%
You are looking at the CPI Index hitting 372 by Jan 2030
There is every likelihood this decade, will be a higher than average inflation rise.
You must save in scarce Assets #Gold & #Bitcoin
You must continue to in invest in #Technology #ETH & #LINK come to mind.