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ETH-USD

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.
VANTAGE:ETHUSDShort
by VantageMarkets
1
Bullish bounce off 50% Fibonacci support?Price is falling towards the pivot which is a pullback support and could potentially bounce to the 1st resistance. Pivot: 3024.10 1st Support: 2960.89 1st Resistance: 3128.21 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.
ICMARKETS:ETHUSDLong
by ICmarkets
Sell ETHUSDT Bearish PennantThe ETH/USDT (Ethereum) pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant patten. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 3020 or lower if the price continues to decline. Target Levels: 2764: This target is achieved by measuring the height of the flagpole (initial downtrend before the pennant) and projecting it downwards from the breakout point. 2692: This is a further extension of the downside target, based on roughly twice the height of the flagpole. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the pennant, ideally with some buffer around 3040. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
1
$BUDZ—one week of Elliott Waves for Shiba BUDZBUDZ is one week old on Uniswap V3. Launched on April 20 in a pair with Wrapped Ether on the Ethereum network, trading has been very successful for early buyers, but it also has been very sparse. With the presale investors still locked up in vesting period, there is very little to do on Uniswap but to buy. With low liquidity, it is not surprising that prices rise quickly. Nevertheless, the market has already shown distinct and well formed Elliott Waves. Many don’t believe in Elliott, and especially not in thin markets, but BUDZ proves them wrong. My assignment may not be the ultimately correct one, but I challenge any one to do better. I have other models myself, but this stands out as the top candidate as of right now. What stands out as the most potent support of this model, was that I correctly predicted the correction from the market at just the right time, in a wave two decline of exactly the proportion that a skilled Elliott waver would expect. Study the chart…
BLong
by unbeldi
1
ETH/USD potential bearish dropPrice has just rejected off a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially fall to our take profit. Entry: 3249.60 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 3430.18 Why we like it: There is an overlap resistance level which aligns with the 78.6% Fibonacci retracement. Take profit: 2905.74 Why we like it: There is a pullback support 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.
VANTAGE:ETHUSDShort
by VantageMarkets
1
BTC Bull Run AnalysisThe crypto market looks bullish in the long run, but it has been consolidating in the short term. BTC's price movement is being compressed for a good move in the short term. The SMA 25/150 is also giving a long signal. Any Rally in the medium/long term requires it to break the 45000 mark, While any breakdown & closure below 38000 can harm the bitcoin rally in the medium/long term. Until it stays within the range the supports and resistance marked in the graph are important levels to look for. Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential. The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action. Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
by tradewidmufeeth
1
ETH USD Idean a strategic move that has already yielded over 500% returns, our pitchfork range has proven to be remarkably effective. Recently, we shared our algorithmically-driven channel for Ethereum, a cryptocurrency that, when moving sideways, showcases an impressive accumulation of orders and unwavering respect for algorithmic levels. Currently positioned at the 50% level with a flip in volume, we've identified another entry point with minimal drawdown. For our followers, it's important to note that we're taking a 10% gain now at the first take profit level to secure profits and allowing the remaining position to soar higher. As the holiday season approaches, we wish you lucrative trading opportunities and encourage you to navigate the markets wisely for your benefit. Happy trading, and may the markets work in your favor!
BITSTAMP:ETHUSDLong
by themarketknight
ETH USD IdeaGood morning, fellow Crypto Weekend Warriors! As we review last week's technical analysis, it's clear that we've witnessed a successful range breakout and a backtest of the range high. The beauty of Crypto Weekend's 4-hour structure is that it consistently delivers results. Since our last update, we've achieved an impressive 19% return on our investment, and we're now compounding our trades following a successful backtest of the range, adding even more profits to our portfolio. We're looking ahead to the upcoming week, anticipating a potential run through liquidity. In our strategy, we always book partial profits along the way, and last night was no exception. With a 2% Profit already hit, our position is now break-even, ensuring that our risk is effectively minimized. For those of you considering similar trades, we highly recommend waiting for 1-hour fractal bullbacks before entering the market. Remember, not everything goes according to plan in the crypto world, so we prioritize our safety through sharp risk management. And let's not forget our cardinal rule: patience is our number one indicator. In a market as dynamic as this, it's essential to let the trades come to us, not the other way around. Happy trading, and may the crypto winds be ever in your favor!
COINBASE:ETHUSDLong
by themarketknight
Green Light for Ethereum 2.0: The Sustainable Future of Crypto**Ethereum 2.0: A Bullish Beacon** Ethereum's future shines brightly as Ethereum 2.0's implementation gains momentum. This upgrade promises scalability and energy efficiency, aligning with the global shift towards eco-friendly blockchain solutions. Rising adoption in DeFi, NFTs, and institutional interest further fuels Ethereum's bullish sentiment. Technical indicators, including a robust Relative Strength Index (RSI) and positive Moving Averages, affirm the optimism. Ethereum's role in blockchain innovation and its commitment to sustainability make it a prime candidate for continued growth, setting a bullish tone for investors eyeing the cryptocurrency market.
BINANCE:ETHUSDLong
by DEXWireNews
1
BTC ANALYSIS 21/7/23BYBIT:BTCUSDT.P Hey guys just a quick update on BTC... it's boring yes. that's why I'm staying patient and just risking 1% here and there so not trading much at all at the moment. So obviously you can see we are hanging at a bearish type of order block and the chart overall does look quite bearish for the time being or 'in consolidation' or as I like to call it, the patience zone! this is a time for your best performance with being patient. Instead of a technical analysis update today I just want to make this about what you could be doing instead of sitting there starring at the charts all day and all night. - Make this time a perfect opportunity to study your craft. - Practice things like meditation - Fitness is key, switch your mindset and focus on what you are eating and take control of a physical goal. Just these simple things will harden your armor, use time wisely. Thanks guys.
by fusfamily
🔥 Bitcoin Short-Term Channel Break Out: Patience!BTC has been trading slighly bearish every since we made a new 2023 high a few days ago. Some consolidation was to be expected after the huge pump that we got earlier. I'm anticipating a bullish break out of the channel. To confirm the break out, I'd advise to wait patiently for the candle to close above the resistance. Stop at 30.500, target at 32.000, more defensive traders might want to take some profits around 31.400
Long
by FieryTrading
12
BTC = GOLD/DXYHi, DXY (Dollar Strength Index) / GOLD compares USD's performance against the number 1 most correlated asset with BTC --> Gold . DXY is negatively correlated with BTC . The idea is when DXY/GOLD is bullish - USD rises , GOLD falls or both ; which is bearish for BTC . When DXY/GOLD is bearish - USD falls , GOLD rises , or both ; which is bullish for BTC . This theory is in line with both assets' historic correlation with Bitcoin . Since DXY/GOLD's bearish breakout attempt out of the yellow support line on the 1st of April , BTC had a strong bullish sentiment . Nevertheless, since May 16th DXY/GOLD failed to retest to the downside and has returned above the yellow support. Moreover, it rapidly spiked up to its crucial downward-sloping yellow resistance line, as BTC dropped in line with the theory. My personal outlook in the short term is bullish for the spread graph and therefore bearish for BTC . 3 main reasons why: Before full FOREX stability, I expect major economies to be politically focused on their currency strengthening , one side prioritizing de-dollarisation and the other re-dollarisation . Inflationary demand shock is unlikely to hit the safe heaven markets (particularly gold ) any harder than it already did. Historically years/months which are close to the start of heavy recessions have often been bullish , making recent equity and crypto gains hopeless . Both graphs zoomed out: BTC up close: Thank you for your time. Please do share your opinion, I would love to improve this theory further.
CAPITALCOM:DXYShort
by Sanzhar_m
🔥 ACH Update: New Trend Started!ACH has recently seen very decent price action, where it gained even when BTC was showing weakness. If you followed my previous ACH analysis you've already made some decent profits, congratulations. In this analysis I want to add another target to the previous one, since bullish price action seems to stick. I'm looking at $0.045 in the short-term (previous 2nd target) and $0.051 in the longer-term. If BTC stays neutrally bullish, I think we can expect another leg up after $0.051, potentially targeting $0.06
Long
by FieryTrading
5
ETHUSD Potential for Bearish Drop | 28th February 2023Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a possible shift to bearish market structure. Looking for a sell entry at 1658.36 where the 50% Fibonacci line and overlap resistance is. Stop loss will be at 1742.50, where the recent high is. Take profit will be at 1525.12 where overlap support and 78.6% Fibonacci line is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:ETHUSDShort
by Rockqet
3