6 enters and 3 exit to get 500% as a profitDCA with 6 enters and 3 exit to get up to 500% as a profit
ETH-D
HelenP. I Ethereum can break support level and continue fallHi folks today I'm prepared for you Ethereum analytics. A not long time ago price some time traded in the resistance zone, which coincided with the resistance level, and later tried to rise, but failed and in a short time declined the lower 3150 level. After this, ETH rebounded up to the trend line and then made a strong impulse down to the support zone, breaking 3150 with 2900 levels. Soon, the price turned around and rebounded up from the support zone, breaking the 2900 level again and in a short time rose to the resistance level and even higher, reaching the trend line again. But ETH at once rebounded and declined to support level back, breaking resistance level one more. Ethereum some time traded near the 2900 support level and even tried to rise more, but failed and now continues to trades very lose to the support level. For my mind, Ethereum will make a small move up and then break the support level, after which continue to decline, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
Could ETH/USD potentially rise from here?Price has just bounced off the support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 2858.89
Why we like it:
There is a pullback support level.
Stop loss: 2728.02
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci projection.
Take profit: 2992.94
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
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.
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot and could potentially bounce from this level to the 1st resistance.
Pivot: 2,863.34
1st Support: 2,744.38
1st Resistance: 3,048.22
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📉📈 ETH Trade Analysis 🔄💼Trade Overview:
ETH's current support area has remained strong over the past week, presenting an opportunity to enter a long spot trade.
Trade Setup:
Entry: Ladder into the trade between $2,850 - $3,050.
Take Profit: Set profit targets at $3,400 - $3,700 and the next resistance area at $4,100 - $4,350.
Stop Loss: Place the stop loss just below $2,800 to manage risk effectively.
📊🔍 Monitor ETH's price movement closely and adjust trade strategy as needed! #ETHTrading #CryptoAnalysis 🌐🔒
ETHEREUM - Price can start to grow from support level in flatHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area.
Then price broke this level and rose to resistance line of channel, after which it bounced and started to decline.
In a short time, ETH declined to support line of channel, breaking $3105 level again, and soon exited from rising channel too.
After this, price started to trades inside flat, where it some time traded near top part but later declined to support level.
Ethereum some time traded close to this level and then bounced up, but a not long time ago it fell back.
So, I think ETH can decline to support level and then bounce up to $3025 inside flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
May.7-May.13(ETH)Weekly market recapU.S. CPI data for April will be released this week, and the market expects that CPI will fall. After weak employment data was released earlier this month, assets rose, and BTC also rebounded sharply at the time of the release. Therefore, if CPI data can further confirm the role of current monetary policy, then the market correction may end.
On the other hand, the first deadlines for ETH spot ETFs are approaching. The SEC is expected to give its final response on May 23. Unlike BTC, we expect that the approval of ETH ETF will be difficult to pass or be postponed to Q3 due to POS mechanism and other factors.
As we predicted in our last Recap, ETH performed weakly. It almost fell with fluctuation, barely standing above 2900. This may be related to the fact that the market is not optimistic that the ETH ETF will be approved this month. On the WTA indicator, the blue column disappears and the trading volume decreases. The ME indicator is almost switching into a bearish trend.
To sum up, we believe that unless the possibility of ETH ETF being approved increases, ETH may remain volatile or fluctuate this week. We maintain our original resistance level 3700 and support level 2800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Rising into 50% Fibonacci resistance?ETH/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 3,048.17
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 3,126.45
There is a pullback resistance level which is slightly below the 78.6% Fibonacci retracement.
Take profit: 2,846.67
Why we like it:
There is a pullback support level which line up with the 78.6% Fibonacci projection.
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.
Ethereum $Eth #EthKeep an eye on these down sloping trend lines as well as these horizontals before you get overly Bullish on this bounce and or watch them as areas your playing the bounce to.
Until proven wrong and or Big enough move on volume to really jump above these and then back test and turn the $3400 range into support we are still just going DOWN.
Playing these levels as marked IMO can be profitable for short term trades especially on leverage.
Once we cleanly break and hold above the $3400 range we will have a much different picture for the Bulls.
$ETHBTC HAS BOTTOMED ethbtc has been in the never ending channel of pain since Oct '22, but we think that's finally coming to an end.
successful retest and reclaim of the April '22 low (pink box).
eth looks great here, which likely signals the real start of alt season.
ETH Ethereum falling wedge pattern If you haven`t sold ETH at the top:
As the cryptocurrency market navigates through choppy waters, Ethereum, the second-largest cryptocurrency by market capitalization, finds itself ensnared within a bearish formation known as a falling wedge pattern. This technical setup, coupled with broader market uncertainties, casts a shadow over Ethereum’s short-term prospects, with a looming price target of $2400 becoming increasingly probable.
A falling wedge pattern typically signals a continuation of a prevailing downtrend, suggesting that Ethereum’s recent struggles may persist in the near term. Characterized by a series of lower highs and lower lows, this pattern reflects a gradual erosion of bullish momentum, often culminating in a breakdown below the wedge’s lower boundary.
Ethereum Dilemma: $2,819 Drop or $3K Breakthrout?Ethereum is bearish in the daily chart and can decline to $2,819, where price action will be very important.
The ETHUSD chart has to push up to above $3,006 into the daily range zone towards $3,354, a critical daily resistance.
A sustained price action that we see below $3,006 confirms the weakness, potentially triggering a bearish momentum targeting $2,597.
long ETH ETH bounced off the support level and broke the descending trendline to the upside. Bullish movement to $3200 is expected to happen.
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$ETH may continue the odyssey#ethereum #eth price may have correction continuation by retracing to orange box retest and support zone in MID TERM. Not financial advice.
ETHUSD Analysis (12th May 2024)
Crypto Analysis (12th May 2024)
ETHUSD Analysis
On 1 hour timeframe , Price has created a 1 hour bearish FVG, indicating bearishness.
Currently, price action is retracing towards the 1 hour FVG slowly, but hasnt tested it yet. There are 2 high probability scenarios that could play out.
1) Price taps into this bearish FVG and rejects created a 15 minute Change of Character. IF prices does this, I want to see a body candle closure to ensure that the Change of Character is a strong one. After that happens, i want a retest into the CHOCH level before looking to sell.
2) IF price just continues to push higher past the 1 hour FVG, the FVG will be invalidated and wee will be looking for buys above 3019 level with a body candle closure above that level. Break and retest will be valid here.
POOR PLEB can RECOVER. Set for a 5X rally#PP in #ETH terms is down massively
Either you believe this cute community memecoin is dead and should not be touched
Or you are quite interested at picking up this coin which stars on it's own #DEX for pennies on the ethereum dollar
You can also use Poorpleb to earn yield on 9inch . io Dex whilst you wait for it's recovery and the true altcoin bull market.
Mr Hexy Bastard also has just released a cute film on Youtube the "The Lowest of Stakes"
If you want to do your own research maybe check it out.
🔥 Weekend Technical Analysis Fiesta 🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥
Short-term view:
Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k
Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k would be a long-term pivot to the bears.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content🙏
ETHEREUM Local Long! Buy!
Hello,Traders!
ETHEREUM is going down
But a horizontal support
Level is ahead at 2832$
From where I believe we
Are likely to see a bullish
Rebound and a move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
ETHEREUM DEMAND ZONE AND FALLING WEDGEEthereum has recognized a significant support level where the current price is firmly holding, showing respect for this support. There's anticipation for a reversal that could lead to a bullish breakout along the trend line. If this breakout occurs, it's anticipated that the rally will persist towards the next swing high around the $3700 mark.
The confirmation of this breakout from the falling wedge pattern is pivotal, as it will determine the future trajectory of Ethereum's price movement.
Ethereum Dives Briefly, As JP Morgan Sees Spot ETH ETF ApprovalEthereum ( CRYPTOCAP:ETH ) experienced a sharp price decline on Friday, following data revealing its underperformance compared to Bitcoin ( CRYPTOCAP:BTC ). Despite recent Wells notices to crypto firms, JP Morgan analysts predict spot ETH ETFs will likely be approved. The SEC's recent Wells notices to Robinhood Crypto, Consensys, and Uniswap do not pose a challenge to the agency's potential approval of a spot ETH ETF. Markets do not expect an approval by this month as implied by the significant discount to NAV by the Grayscale Ethereum Trust ETHE.
JP Morgan analysts also suggested that the SEC may face a legal challenge and eventually lose if it denies applications for spot ETH ETFs, considering the agency already approved futures-based ETH ETFs. General Partner at Van Buren Capital Scott Johnsson expressed an opposite view, stating that he would be surprised if a legal battle ensued following a potential spot ETH ETF denial. Grayscale hinted that it won't take the SEC to court this time after withdrawing a "key tool" — probably its application for futures ETH ETF.
Ethereum Layer 2s are about to set a new all-time high in terms of active addresses, with more than 5.2 million monthly active users as of May 5. This surge in user growth coincides with declining gas fees for Ethereum Layer 2s, which have been reduced more than tenfold since the Dencun upgrade in March.
Glassnode data shows that Ethereum ( CRYPTOCAP:ETH ) has underperformed in the last two years when compared to Bitcoin, with a low ETH/BTC ratio and ETH drawdown in this cycle (-44%), doubling Bitcoin's (-21%). The Net Unrealized Profit/Loss (NUPL) of Bitcoin crossed 0.5 and entered the euphoria phase three months before the equivalent metric for Ethereum.
Ethereum ( CRYPTOCAP:ETH ) is trading with a weak Relative Strength Index (RSI) of 38.41 which is slightly oversold. The asset's daily price chart shows that Ethereum ( CRYPTOCAP:ETH ) is in a "Falling Wedge" pattern but a trend reversal is looming in the near to long term.
🔥 Bitcoin Inverse Head & Shoulders: Back To All Time Highs!Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern.
In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH.
Note: the pattern has not been confirmed yet, so wait for the price to break through the neckline for the pattern to be confirmed.
Share your thoughts 🙏
ETHUSDT, downward impuls to 3136 and lowerHi, friends. Today i start my new ideas list on ETH market. So for now we have a big volume of bearish accumulation process. First bears target 3136. Major target is 2915.36.
On every next volume signal i will write a new idea. And count our point profits together :)
And dont forget. Its just my mind and nothing else. I trade this strategy and just show my targets and vectors for you. Have a nice day and folow me.
