Bearish Short/Medium termI am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
ETH-D
Ethereum is starting to recover ! check the structure pathEthereum is showing a lot of strength and recovery. Always trust and follow your plan !
On the daily timeframe we can see that it is following the path of the pullback we have marked on the chart. So far we are predicting very well, and it seems that the markets in general want to start changing direction.
Cheers and thank you for following my analysis.
my best regards
A Case Study #3: USDT to 2.5% Morning my friends,
This will be the final Case Study, and this time I bring a chart that I keep on adding things to.
You should go back a few months on my posts and look for this exact chart before a lot happened:
Check it out above!
I added a picture above and I wonder if it'll look good and pop out here.
Anyway my friends, It looks like we could be working on either a bear pennant or a bear flag and the drop would be below the 3%, initiating alt season, bringing ETH above $10k, and BTC near the 100k.
Lets see!
Trade thirsty!
P.S. Obviously, to LONG USDT here doesn't make sense. I put long meaning LONG coins and not USDT cause I believe it will drop! But you already knew that right?!
ETH - Trading The Range, AGAIN!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per our previous analysis, ETH rejected the $3000 support zone and traded higher.
📈 ETH is still trading within a big range in the shape of a symmetrical triangle.
🏹 Thus, as it approaches the $3000 again, we expect a bullish movement towards the $3,500 round number.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Balla is still Bullish on BITCOIN. Cup & Handle pattern. The trend is still our friend.
I still see bullish developments in the price action.
We must have patience.
Dips still must be bought.
The plan hasn't changed.
We still aiming for that time period of 9 -15 months post #BTC Halving.
We are only one month down :)
Ethereum -100k coins entered Futures before ETF news Ethereum -100k coins entered Futures before ETF news
big move is coming
Price took so many SL at low $2800 i think that`s a reason why big move will happen
i share my plan for entry and what will be targets
WIF#WIF Analysis
It Exactly hit the support zone and pumped
Now,
$2.320 is acting as a new current support,
From here we can expect a upside move
ETH/USDT 1DAY CHART ANALIYSIS !!The chart shows ETH/USDT within a descending channel, highlighted by the purple lines.
There is a crucial support area between $2,800 and $3,000, represented by the orange and yellow shaded areas, indicating potential areas for buying.
ETH/USDT has recently bounced off the lower boundary of the descending channel, indicating that this support level still holds.
The upper boundary of the descending channel, along with the horizontal resistance around $3,600, forms a key resistance area that ETH needs to break to confirm a bullish reversal.
The green line (possibly a moving average) around $3,050 currently acts as a dynamic support level.
Recent price action indicates a double-bottom pattern around the $2,900-$3,000 range, suggesting a potential bullish reversal if confirmed.
If ETH/USDT can sustain above the $3,000 support, the next target will be the upper boundary of the descending channel and the horizontal resistance at $3,600.
A break below the $2,800-$3,000 support zone could lead to further declines towards the next significant support levels around $2,300-$2,500.
This analysis is based on a visual interpretation of the chart.
Consider using additional technical indicators and keeping an eye on market news and sentiment for a more detailed and accurate analysis.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Eth after Ethereumetfs#ETH Analysis
Ethereum Dumped 15% after #EthereumETFs goes live
Breakdown of current support ($3056) will lead it to $2810 again
Otherwise,
All set to raid a new high
Potential bullish bounce?Ethereum (ETH/USD) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 3,068.18
1st Support: 2,879.57
1st Resistance: 3,373.99
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.
Ethereum: ReconsiderationWe expect Ethereum to drop into our Target Zone (between $2807 and $1813). There, we expect the low of green wave 2 to be placed, after which the next major impulse wave 3 should start, leading to a new high for the year. If the price climbs directly above the resistance at $4091 (40% likely), we will already see it in the green wave alt.3.
Ethereum Trend Contracting FanEthereum trend contraction fan, the main target is the upper white line resistance, the key target is the lower white line support
ETH analysis (4H)Ethereum has reached a valid supply, it is expected that this supply will reject the price towards the targets.
The targets are clear on the chart.
A liquidity pool is forming below the price, which is expected to break soon.
Closing a daily candle above the invalidation level will violate this analysis and view.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Ethereum Do or Die This CycleCRYPTOCAP:BTC has been outperforming CRYPTOCAP:ETH this entire cycle.
If Ethereum does not outperform Bitcoin by the end of it, consider it good as dead next cycle, akin to Cardano.
Clearly consumers have flocked to Solana for dApps, and Bitcoin is the store of value, which leaves very little room for Ethereum to carve out its own niche as they both continue to gain market share.
ETHUSDT.1DThe Ethereum chart highlights a robust uptrend that started early this year, peaking in February before entering a consolidation phase. This pattern indicates strong buying interest followed by a phase where traders and investors are assessing their positions.
Key Technical Observations:
Resistance Levels (R1 and R2):
The first resistance (R1) is at $3,430.29, which previously acted as both support and resistance, indicating a pivotal price point.
The second resistance (R2) at $4,134.34 represents the peak of the recent price rally and is crucial for confirming a continuation of the bullish trend.
Support Levels (S1 and S2):
The primary support (S1) at $2,837.73 is critical as it lines up with historical price reactions and the Fibonacci retracement level of 0.5, a common reversal zone.
The secondary support (S2) at $2,112.62 is near the 0.618 Fibonacci retracement, often considered the last line of defense in a bullish market.
Fibonacci Retracement:
The Fibonacci levels are drawn from the low of $1,521 to the high of $4,093.92, and they help identify potential reversal points. The 0.5 and 0.618 levels are particularly significant due to their common usage as decision points in price action trading.
MACD (Moving Average Convergence Divergence):
The MACD line is currently below the signal line, and the histogram is in the negative territory, which suggests bearish momentum in the short term. This requires close monitoring as a potential crossover above the signal line could indicate a shift back to bullish momentum.
RSI (Relative Strength Index):
The RSI at 53.85 is near the midpoint of 50, which generally indicates a balance between buying and selling pressure. However, the slight tilt towards the oversold territory suggests that there might be an upcoming opportunity for buyers.
Conclusion and Strategy:
Given the current market conditions and the technical setup, my approach would be cautiously optimistic. I would consider entering long positions near the S1 level with a clear stop-loss order just below this level to protect against unexpected downturns. Any approach towards R1 should be viewed with readiness to take profits, especially if accompanied by signs of fading bullish momentum, such as declining volume or bearish divergences on the RSI or MACD.
Trading around these key technical levels with a well-defined risk management strategy could potentially capitalize on the volatility and provide significant returns. However, it’s crucial to remain vigilant and adapt to any new market developments that could affect Ethereum's price trajectory.
