ETH-USD
ETHUSD Potential for Bearish Continuation | 21st November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. With the price tapping into our pullback sell entry at 1348.97, where the 23.6% and 61.8% Fibonacci lines are. Stop loss will be set at 1502.68, where the 38.2% Fibonacci line is. I am looking to take profit at 1064.49, where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension line intersects.
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.
InvestMate|Ethereum Attention we are striking out📈📈Ethereum Attention we are striking out.
📈As I wrote in a previous post about future rises on Ethereum, I was not wrong. We were in the perfect place to start the breakout. Link to the post below:
📈As you can see in the chart we have managed to break out of the triangle in the direction I have been writing about for a long time now, i.e. the top.
📈The strong support zone held the price and there was an audacious breakout from the accumulation that had been going on for several days.
📈The target for this moment I put resistance around a very strong cluster of fibo levels and a 1:1 correction. First we have the 0.618 level of the entire downward wave, then the outer 1.618 level of the entire downward correction and finally the 1:1 level of the largest upward wave of the current upward impulse.
📈All as always clearly described on the chart.
📈The scenario I'm playing out is a continuation of the uptrend northwards with a final target around resistance at which I would expect some sort of correction.
📈*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
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Ethereum Accumulation before the bump?💲💲Ethereum Accumulation before the bump?
💲This post is a direct continuation of my previous post:
💲From what we can see we are in a triangle of accumulation.
💲The support zone has been defended again, it stems from the 0.618 level of the upward wave after the breakout.
💲Ahead of us we find strong resistance which stems from the level 1.618 of the correction of the upward impulse and 0.618 of the entire downward wave.
💲I am very curious if the support zone will be defended and we will not see new lows.
💲A fact worth noting is that the major US indices are falling and the relatively cheap cryptocurrencies are not reacting to these declines but are still in accumulation
💲The scenario I am playing out is a continuation of the upside with a final breakout from the cumulative triangle to break out to the resistance zone.
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ETHUSD Potential for Bearish Continuation | 18th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. With the price tapping into our pullback sell entry at 1348.97, where the 23.6% and 61.8% Fibonacci lines are. Stop loss will be set at 1502.68, where the 38.2% Fibonacci line is. I am looking to take profit at 1064.49, where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension line intersects.
ETHUSD Potential for Bearish Continuation | 17th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. Furthermore, the price has dropped below the Ichimoku cloud, indicating a bearish market. We intend to take profit at 1064.49, the previous swing low and -27.2% Fibonacci expansion line, after the price has reached our pullback sell entry at 1348.97. The stop loss will be set at 1502.68, the 50% Fibonacci retracement line.
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.
ETHUSD Potential for Bearish Continuation | 16th November 2022The overall bias for ETHUSD on the H4 chart is bearish. Furthermore, the price has fallen below the Ichimoku cloud, indicating that the market is bearish. With the price having reached our pullback sell entry at 1348.97, we intend to take profit at 1064.49, which is the previous swing low and -27.2% Fibonacci expansion line. The stop loss will be placed at 1502.68, the 50% Fibonacci line.
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.
ETHUSD Potential for Bearish Continuation | 15th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. Furthermore, the price has crossed below the Ichimoku cloud, indicating a bearish market. With price having reached our pullback sell entry at 1348.97, we are looking to exit at 1064.49, which is the previous swing low and -27.2% Fibonacci expansion line. The stop loss will be at 1502.68, which is the 50% Fibonacci line.
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.
ETHUSD Potential for Bearish Continuation | 14th November 2022The overall bias for ETHUSD on the H4 chart is bearish . In addition, price is crossing below the Ichimoku cloud , indicating a bearish market. With price tapping into our pullback sell entry at 1348.97, we are looking to take profit at 1064.49, where the previous swing low and -27.2% Fibonacci expansion line lies. Stop loss will be at 1502.68, where the 50% Fibonacci line is located.
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.
InvestMate|2 potential scenarios for ETH/USD to play out💸2 potential scenarios for ETH/USD to play out
💸I made a couple of measurements.
💸1. Measuring the fibo from the peak before the start of the decline to the bottom.
💸2. Measuring the fibo from the bottom to the local peak.
💸3. Fibo measurement from local peak to local bottom.
💸4. one to one correction (overbalance).
💸5. Trend channel from peak before falls to bottom.
💸There are 2 scenarios.
💸1. We will start the uptrend which will eventually end at the levels of the 1.618 cluster and the one to one correction.
💸2. we will fall to the vicinity of the 0.618 wave level from the bottom to the local peak. After which we will make a rise to the one to one correction
💸This is a purely technical view providing an outlook for the next hours.
💸For a broader perspective I refer you to the previous 2 posts
💸1. A broad look at the crypto and Bitcoin market:
💸2. A technical look at the next few months on eth:
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ETHUSD Potential for Bearish Continuation | 11th November 2022The overall bias for ETHUSD on the H4 chart is bearish. In addition, price is crossing below the Ichimoku cloud, indicating a bearish market. Looking for a pulback sell entry at 1385.07, where the Fibonacci lines of 23.6% and 61.8% are located. I've set a relatively safe stop loss at 1677.31, which is the previous high. The take profit level is set at 1064.49, which is the intersection of the -27.2% Fibonacci expansion and 127.2% Fibonacci extension lines.
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.
ETH Gartley Pattern In Daily TimeFrameETH is making a gratley Pattern in Daily Timeframe. now we have a bearish leg. and then we can go Upward.
let's see what will happened in the near future.
ETHUSD Potential for Bearish Continuation | 10th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1385.07, where the 23.6% and 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1677.31, where the previous high is located. Take profit is set at 1064.49, where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension lines is located.
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.
ETHUSD Potential for Bearish Continuation | 9thNovember 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1491.27, where the 38.2% and 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1586.25, slightly above where the 23.6% and 61.8% Fibonacci lines are located. Take profit is set at 1220.00, where the previous low and 100% Fibonacci lines are located.
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.
ETHUSD Potential for Bearish Momentum | 8th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1571.98, where 2 of the 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1698.11, slightly above where the 100% Fibonacci line and previous high are located. Take profit is set at 1375.58, where the 23.6% and 61.8% Fibonacci lines are located.
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.
ETHUSD Potential for Bearish Momentum | 7th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a sell stop entry at 1561.62, where 2 of the 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1684.16, slightly above where the 78.6% and 38.2% Fibonacci lines are located. Take profit is set at 1411.43, where the 38.2% and 100% Fibonacci lines are located.
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.
ETHUSD Potential for Bullish Continuation| 4th November 2022On the H4 chart, the overall bias for ETHUSD is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. With price tapping into our buy entry at 1561.62, where the 2 of the 61.8% Fibonacci lines are located. We are looking to take profit at 1792.55, where the previous high and 100% Fibonacci line is located. Our stop loss is relatively safe being set at 1411.43, which is slightly below where the 38.2% and 100% Fibonacci lines are located.
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.
ETHUSD Potential for Bearish Momentum | 3rd November 2022On the H4 chart, the overall bias for ETHUSD is bearish. Looking for a pullback sell entry at 1561.62 where 2 of the 61.8% Fibonacci lines are located.
We have a relativly safe stop loss set at 1672.14 which is slightly above where the previous high was located. Looking to take profit at
1411.43 where te 38.2% and 100% fibonacci lines are located.
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.
ETHUSD Potential for Bullish Continuation | 2nd November 2022The overall bias for ETHUSD on the H4 chart is bullish. With the price touching our buy entry at 1561.62, where two 61.8% Fibonacci lines are located. We intend to take profit at 1792.55, which is the intersection of the 100% Fibonacci line and the previous high. We have a fairly safe stop loss set at 1404.10, which is slightly below the 100% and 38.2% Fibonacci lines.
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.
ETHUSD Potential for Bullish Momentum | 1st November 2022On the H4 chart, the overall bias for ETHUSD is bullish . With price tapping onto our buy entry at 1561.62, where 2 of the 61.8% Fibonacci lines are located. We are looking to take profit at 1792.55 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 1404.10 where it is slightly below where the 100% and 38.2% Fibonacci lines are located.
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.
ETHUSD Potential for Bullish Momentum | 31st October 2022On the H4 chart, the overall bias for BTCUSD is bullish . With price tapping onto our buy entry at 1561.62, where 2 of the 61.8% Fibonacci lines are located. We are looking to take profit at 1792.55 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 1404.10 where it is slightly below where the 100% and 38.2% Fibonacci lines are located.
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.
ETHUSDThe main reason im bullish at this moment is due to there being potential bullish rsi divegence between the rsi having a double bottom with there being a lower low in recent price action. I believe that we have just finished a "abc" wave pattern and may be ready for a retes of the "b" wave anywhere between 61 -100 percent. Which would create a double top. I this happens, I would expect the current wave to form into a 2 wave with price going lower in the future. If price goes below 1570, we have a sell stop set there as this could form into the "c" of a downwards "abc" wave which would then be considered the end of an head and shoulders. Either way, we are in a corrective state here considering the stage of price action we are in. Let's see what happens.
