Ethanalysis
ETH 2.0 is close. Where the price should move to $450 or $340?This idea is an updated version of our previous idea , which we will take as a basis for the near future. It's nice that she got the mark: "Tradingview Editor's Choice"
Yesterday 10/04/2020, the Ethereum 2.0 deposit contact was launched.
The release of Ethereum2.0 zero block is expected on 1 December, 2020 - it was confirmed by Vitalik Buterin.
In the last review, we wrote that the important zone is $417-425, sellers were able to keep it. Then the price lowered to the level $370.
Now, such an important zone for ETH has lowered slightly and is located in the range $410-417.
If the price cannot grow above $410-417 in the coming days, then the way to the level $340-343 will open .
If the positive news background begins to work out, then the ETH price will fix above $417 , and from there will be opened the path to $450.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
ETH. If buyers don't keep $363, they will see $274.Consolidation in ETH has extended a lot, which increases investors' tension.
In previous ideas, we wrote about the mark $363, which served as the critical point for this coin. Buyers managed to break this point and update the local high. However, according to the volume of ETH price growth from 8 October, it seems that buyers are leaving the forces.
When BTC showed, most likely manipulative, upward impulse, then ETH in response was satisfied with weak growth on low volumes.
Such input information makes us think that the maximum that ETH is waiting for is the continuation of consolidation trend with an exit down to $274 and $251.
Cancellation of this scenario in case the price fixes above $390. But first, buyers need to show that they ready to keep $363.
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ETH.12h. Having kept $362, sellers will continue to fall to $250We continue our series of ideas dedicated to the target $250.
The level $363 , which was support for a long time, has now become resistance . If in the coming days the Ether price does NOT fix above $362, then Ether will continue to fall to $250.
In the previous idea, we said buyers had a chance to test $425. However, despite the great support of this coin from the DeFi projects, the price was unable to fix above $388. But our first global target has not changed.
Alternative scenario . To reverse current situation, buyers need only to fix above $362. In this case, we will update the idea and consider the targrets from above in more detail. So far they have been set roughly.
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ETH. 12h. Will ETH be able to test $425 before the fall to $251Bitcoin has been pulling the blanket of dominance over itself well for the last week. In general, it was badly reflected on altcoins, they fell or fell very much in price. But not ETH.
ETH is confidently kept above the level $360, which gives hope for another wave of growth.
DeFi projects , which over the previous week were able to renew the historical high of locked funds(now $9.76 billion), have a great influence on Ethereum.
While transactions in the DeFi space are directly dependent on Ethereum , it has good support in incomprehensible market situations.
If Ethereum price can be raised and fixed above $388, then further growth will accelerate to $425 . We expect the fall from this mark.
Also, if the Ethereum price does not rise above $388 or is now fixed below $360 , then the fall will accelerate.
To summarize:
Locally, Ether is kept and the chances for growth to $425 are quite real;
Globally, however, Ether cannot avoid the fall to $251.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
The advent of Double Top Pattern The advent of Double Top Pattern and the possibility of a downtrend formation with targets of $ 200 to $ 220
There are no doubt digital currencies, (Crypto Currencies) have a very good future. But it is important to take them as an investment (like stocks) think about going long at the bottom prices.
In the case of Ethereum, according to Elliott waves in the daily chart, the price has reached from the range of $ 86 to the level of $ 488 with 5 ascending waves. And further, the downtrend line is broken, which indicates that the uptrend is beginning. As 5 descending waves have been completed, the price has entered the corrective phase of this uptrend, the first wave of which(wave A) has been completed in the range of 308.42. In wave B from point 2,there is the scenario that the Double Top pattern is formed in the range of $394.80. And the downtrend in the C wave has started from point 2 and for the targets of $ 200 to $ 220.To confirm this downtrend, the price needs to cross the range of $ 332. Besides, if the price crosses the range of 394.80 and then $ 446,
we can be hopeful for the $ 800 target and the uptrend formation.
ETH short-midterm price targetAs we can see, currently ETH price is in a descending triangle and it has the potential to go lower, the next price target for ETH is $255. There are many confluence at this level. Firstly, it is the base area that will become a strong support for ETH. Moreover, it is the 1.618 Fibonacci extension level, and lastly, this target will also be the end of the harmonic impulse wave which ends at 0.886 fib retracement. However, in the short term, ideally, the will be another 3 swings before the descending pattern breaks.
Ethereum Trading Plan on 2hr - Long for nowEthereum has become bullish on 2hr chart with price above the cloud and a potential retest of 369-375 zone quite likely, which is a thin resistance zone and if it successfully breaches it on a candle close, the stronger resistance zone of 392-400 will be tested.
With Momentum, Ethereum will gain the escape velocity to break out into massive range area to see 475-500 zone.
These are visually shown on chart. The near strong support area is 340-350 zone which could become a thin support if price ranges in this zone for long and if it breaks below (also Kumo zone for bear moves), a potential retest of strong support zone of 305-320.
For now, its a long. Progress will be monitored.
ETHUSD 1W-TIMEFRAME ANALYSIS 💡ETHUSD 1W-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for Ethereum
My idea is that ETH will continue to downtrend
Support is between 250 and 230 It would be good to test it, and test of downtrend
The bulls defend these areas strongly
From there we will start the bull market 💪💪💪
I hope my idea is clear
Support me by like and share
Good luck💰💯
ETH - 4 Hour - My Thoughts - 9-24Hello everyone,
Okay here is my call and reason. I'm leaning bearish still with a Neutral call.
Bearish:
1) No real Volume behind this last small pump.
2) Bearish Pin Bar Forming
Neutral:
1) It can go either way, If we open and close above the 21 MA and remain in the newly forming channel bottom, then we should continue the climb to about 360 before seeing any retracement.
2) Although neutral refers to sidways motion on my charts, in this case I don't expect any sideways action, except between .5 and the Golden Pocket (.618) FIB if any.
Bullish:
1) We need to open above the .619 Golden Pocket and inside the possibly newly formed channel bottom.
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ETHUSD 4H-TIMEFRAME ANALYSISETHUSD 4H-TIMEFRAME ANALYSIS
ETH broke the support at 355 with high liquidity
Now it is back to test the area that is now resistance
It needs high liquidity to overcome the resistance
My analysis is that ETH will fail
He will have to return to test the temporary resistance at 310
I will update and share other ideas with the upcoming CRYPTO MARKETS movements
Good luck