Ethanalysis
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.
I am not an Investment adviser, do your own home and compare.
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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
ETH/BTC is ready to go lower bearish head and shouldersETH/BTC is ready to go lower bearish head and shoulders
ETH is ready to go lower to complete (ABC) daily waves ETH is ready to go lower to complete (ABC) daily waves and test the key resistance zone 250$
800$ ETHBoth scenarios are still valid, with having the price crossing the range of USD 446, there is a hope to continue the uptrend in the V wave, which can be extended up to the target of USD 800.
There are two scenarios a price boost up to USD 800 is expected1st Scenario :
The downtrend has ended in the range of 82.07 and the first uptrend wave ended in the range of 366.80 and the corrective movement of this uptrend ended in the range of USD 86 and the uptrend initiated in the third wave.
The main highlight is at the bottom of the chart (USD 489 range)
The structure of the price increase from USD 368 to USD 489 level was in the form of 3 waves, followed by a 5-wave decline, which indicates the Expanded Flat pattern.
Wave iv from point of 3 can be completed in the range of USD 304, we should wait for the uptrend in the 5th wave, which the target in a worst-case will be USD 600 and can be extended up to USD 800 level.
2nd Scenario:
If we consider, the 2-year corrective earnings of the range of USD 86, as a completed movement. By counting the increasing price trend of USD 368 to USD 489 in a 5 waves format.
In this case, the first uptrend is over, and the price is in a corrective uptrend movement, which due to the first 5 wave fall (wave A), we are expecting further price reductions in the range of 238 to 170 dollars. This range is a very important area, in addition to the Fibonacci ratios, it is overlapping to the downward trend line which has been broken.
Conclusion
The basis of my movement strategy is as follows:
According to the both analyzes; the advent of the uptrend is not doubtful. But there is a scenario of further decline.
It is highly recommended to enter long positions, by managing the % 50 of risk and reward logics, in the range of USD 350. In case of further decline up to the range of USD 238, the rest of the positions can be set.
Ethereum targets are very high, traders must go long in the fall of the price action.
In my opinion, the area of 120 to 130 dollars is a very important price range, and if the price exceeds this range, probably ..............! I hope this never happen...
ETH - Interesting imminent movement ahead.In the next few hours we could see some more action in the price than what we have had throughout this beginning of August where the price has been oscillating between lows of $ 350 and reaching over $ 400 on a couple of occasions.
If the triangle formation is fulfilled, we could see another impulse in ETH that would oscillate around $ 500, giving us a continuation to the new bullish rally that apparently is in play and that where now in view of 1h we can almost see that the moving averages 100 and 200 are almost very close. This point is a Fibonacci pivot between the $ 625 mark to watch for future long entries.
In the event that the price corrects (in daily view it is still oversold) the first levels to consider would be $ 350 and around $ 325, which would allow us a lower price action to increase the purchase while waiting for a better signal. Also in a 4h view we can see that the RSI is descending although this does not mean anything yet about the direction it will take.
What is your opinion?
Thanks for supporting this idea.
ETHUSD Update: Profit=13929pip SL=3245 pip Reward/Risk > 4.3:1Trade Setup summary:
Profit targets=13929 pip (800 + 1543 + 2405 + 3436 + 5745)
Stop Loss = 3245 pip
Reward/Risk > 2.6 : 1
Current Status:
Total Profit: 11684 pip
Closed trade(s): 8184 pip Profit
Open trade(s): 3500 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 229.34 based on 'previous Forecast' at 2020.07.06 :
Closed Profit:
TP1 @ 237.34 touched at 2020.07.20 with 800 pip Profit.
TP2 @ 244.77 touched at 2020.07.21 with 1543 pip Profit.
TP3 @ 244.77 touched at 2020.07.22 with 2405 pip Profit.
TP4 @ 263.70 touched at 2020.07.22 with 3436 pip Profit.
800 + 1543 + 2405 + 3436= 8184
Open Profit:
Profit for one trade is 264.34 (current price) - 229.34 (open price) = 3500 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3500 x 1 = 3500 pip
Break Even 229.34
Technical analysis:
. ETHUSDis in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 83.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (244.77) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP5= @ 286.79
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