ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash.
* The Merge is scheduled for launch on Ethereum's Mainnet at ~1pm EST 09/14/22 . The Sixth Beige Book (of 2022) confirmed what has already been the theme for Fed speakers this quarter ; that we are likely to see slower economic growth in the near to medium term, the labor market is getting tighter, and that even though inflation is showing signs of moderating, it still has a long way to go before we are to see any rate cuts. The 10th GDPNow Q3 US GDP came in today at 1.4% , down from 2.6% on 09/01/22. Key Upcoming Dates: August CPI at 830am EST 09/13; The Merge (Ethereum) at 8am EST 09/14; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).*
Price is currently attempting to form a Morning Doji Star Pattern as it defends $1500 in preparation for The Merge next week; if tomorrow's session PA results in a Bullish Engulfing Candle this would be bullish. I have also revised the uptrend line from 06/18/22 and it now reflects support at ~$1550. Volume is Moderate and is on track to favor buyers if it closes today's session in the green; this would also make three of the past four sessions buyer dominant. Parabolic SAR flips bearish at $1427 support, this margin is mildly bearish at the moment. Stochastic remains bullish and is currently trending sideways at 81 resistance. MACD remains barely bullish for the second consecutive sesision and is currently trending sideways at -26. ADX is currently trending down at 14 as Price is attempting to defend $1500, this is neutral at the moment.
If Price is able to close today's session above ~$1520 and then follow that with a Bullish Engulfing Candle in tomorrow's session, this would be indicative of a bullish continuation that would likely have it retest the 50 MA at ~$1655 as resistance leading up to The Merge. However, if Price breaks down out of the uptrend line from 06/18/22 (~$1550) then it will likely retest $1427 support . Mental Stop Loss: (two consecutive closes below) $1500.
Ethanalysis
ETH Daily TA Neutral BullishETHUSD Daily TA neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash.
*Cryptos remained relatively flat but to the upside this weekend as US Equity Futures are currently up heading into the market open this week. Gold is down and DXY is up. Economic data is showing a slowdown in inflation and demand leading up to the August CPI print on 09/13 but the commitment by the Fed to getting FFR up to at least 4% by early 2023 presents an interesting dilemma going forward. This is because a stronger DXY and US Treasuries naturally puts a cap on potential near-term/medium-term alpha in Equities by attracting liquidity from investors whom are hedging against a global recession. Yes, USD is still king and it's being proven with DXY hitting highs last seen in 2000; Russian Ruble is also thriving but this is largely due to effects of sanctions. The Merge is set for launch on Ethereum's Mainnet on 09/14 . Key Upcoming Dates: 10th GDPNow US Q3 GDP Estimate at 830am EST 09/07; 6th Beige Book at 2pm EST 09/07; August CPI at 830am EST 09/13; The Merge (Ethereum) at 8am EST 09/14; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).*
Price is currently trending sideways at ~$1575 for a fourth consecutive session as it attempts to retest the 50 MA at ~$1660 as resistance. Volume remains Low and fairly balanced between buyer and seller dominance over the last few sessions, it has also been shrinking for seven consecutive sessions which is indicative of an impending breakout or breakdown. Parabolic SAR flips bullish at $1621, this is bullish. RSI continues to trend sideways at ~47 for four consecutive sessions now, the next resistance is at 55.31 and support at 37. Stochastic remains bullish and is currently trending up at 75 as it defies a bearish crossover right below 81 resistance, if it can break above 81 then it will likely be bullish until max top. MACD remains bearish but is currently on the verge of crossing over bullish at -28 support. ADX is currently trending down at 16 as Price continues to consolidate in attempt to move higher, this is mildly bearish at the moment.
If Price is able to continue higher then it will likely retest the 50 MA at ~$1660 as resistance before potentially retesting $1711 minor resistance . However, if Price breaks down here, it will likely retest $1500 as support before potentially retesting $1427 support . Mental Stop Loss: (one close below) $1534.
#ETH/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH UPDATE :-
Ethereum (ETH) was also lower during Saturday's session, as the coin fell below $1,600 once again.
After Friday's high of $1,643.18, ETH/USD declined by almost $100 to a low of $1,542.30.
As bearish sentiment returned to crypto this fall, Ethereum broke its own support at $1,550 to start the weekend.
The earlier downtrend has now subsided, as profit takers opted to give up their positions as opposed to keeping the trades open.
Although the prices have risen above the previous levels, there are some who fear that there will be further downside.
If the market volatility continues to trend downwards, the bears are looking at the lower $1,420 level as a potential target.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
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#ETH/USDT 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE:-
Hello, Guys ETH/USDT Update As we can see it was trading inside a wedge pattern and breakout confirm request Now a white parallel channel is acting as strong resistance in front of ETH if it breaks We expect ETH/USDT to be $2k.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
Ethereum bullish setup ! Pump incoming when everyone is bearishHi lads. I have been bearish on eth from late march 2022 until early june. And we saw mega bearish movr too.
ETH is in a consolidation area now. things are getting more clear that we will go higher from current levels. 1435 - 1520 levels are best buy opportunity. I expect that eth will rise to 2300 or 2400 levels before any new lower low happens.
So, right now majority of the retail traders think eth and btc will hit new lower low. In 100% of these situations, big market makers and players will go exactly the opposite way of the majority. because they dont want to give you a very clear and easy chance to buy the dip.
Also a lot of people are short on eth now so whales will definitely hunt those positions.
overall, I EXPECT A JUMP FROM HERE TO 2400 LEVELS WITHIN A FEW MONTH. AND THEN WE MIGHT FACE AND TARGET FOR A NEW LOWER LOW, WHERE BTC CPULD REACH 14K AND ETH TO 1K LEVELS.
ALSO A FOLLOW IS VERY APPRECIATED.
GOOD LUCK MY FRIENDS.
⭕Best BUY area for ETHEREUM 💣🔥🔰You can see the Ethereum analysis in the 4-hour time frame(ETHUSDT _ 4H)🔍🧨
According to the upward trend line (black🖤) as well as the price movement in the classic flag pattern(Orange🧡) , the suitable area for buying can be considered in the overlapping area of the upward trend line(🖤) and the bottom line of the flag pattern (🧡) and the DEMAND range, and the target can be predicted as the SUPPLY range🧐❗
Do you think this analysis can be profitable❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce "TRADER STREET" to your friends 🙏🏻
____________📈TRADER STREET📉_______________
Ethereum| Time For the 5-th wave! Elliot Wave Analysis!Ethereum| Time For the 5-th wave! Elliot Wave Analysis!
As we can see Ethereum keeps developing and we can probably
be in the 5-th Elliot Wave price development.
On the first wave price completed a normal zig-zag correction.
On the 4-the wave, the price looks like it is close to the completion of a "Falling wedge"
the pattern that is also a deep correction.
And now the probability is very high that we can see the price to rise again and to move
up for the 5-th wave.
Targets:
🎯 2000
🎯 2160
🎯 2400
Thank you and Good Luck!
ETH Daily TA Cautiously BearishETHUSD Daily cautiously bearish. Recommended ratio: 30% ETH, 70% Cash.
*Cryptos saw a bearish weekend after Jerome Powell's hawkish remarks in Jackson Hole on Friday renewed fears of a Fed induced recession and drove investors to US Treasuries and DXY. Depending on August's Employment Situation and CPI, a 75bps rate hike is very much so still on the table come 09/21. At the moment, it seems very likely that FFR will finish 2022 above 4% and remain that way for most of 2023. Equity Futures are down to start the week as DXY continues its rally higher toward $112 minor resistance (it is currently at $109.27). The Merge is still scheduled for launch on Ethereum's Mainnet 09/15/22 . Key Upcoming Dates: August Consumer Confidence Index at 10am EST 08/30; 9th GDPNow US Q3 GDP estimate at 10am EST 09/01; August Employment Situation 830am EST 09/02.*
Price is currently testing $1427 support after breaking below the 50 MA (~$1585). Volume remains Moderate (High) and has favored sellers in the last three sessions; it's also on track to shrink for a fourth consecutive session and favor buyers if it can close today's session in the green. Parabolic SAR flips bullish at $1813, this margin is mildly bullish. RSI is currently testing the descending trendline from 07/17/22 as resistance at 37 resistance, this is after bouncing off of 35. Stochastic remains bearish and is currently testing max bottom as it will look to crossover bullish in the coming sessions. MACD remains bearish and is currently testing -46.46 minor support without signs of trough formation. ADX is currently trending sideways at 24 as Price is testing $1427 support, this is neutral at the moment.
If Price is able to bounce here at $1427 support then it will likely retest the 50 MA at ~$1625 as resistance (which is also the largest supply/demand zone on the chart in 2022). However, if Price continues to break down here, it will likely test $1200 as support before potentially retesting $1k psychological support . Mental Stop Loss: (two more consecutive closes above) $1427 .
ETH Daily TA Cautiously BearishETHUSD Daily cautiously bearish. Recommended ratio: 25% ETH, 75% Cash.
*Cryptos are continuing to sell off into the weekend as investors flee to DXY and US Treasuries amidst renewed global recession fears. The Merge is still scheduled for launch on Ethereum's Mainnet on 09/15/22 . Key Upcoming Dates: S&P US August PMI at 945am EST 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.*
Price is currently trending down at ~$1575 as it approaches a test of the 50 MA as support at ~$1530 (which would coincide with the uptrend line from 06/18/22). Volume remains Moderate (high) and is on track for a second consecutive day of seller dominance if it closes today's session in the red. Parabolic SAR flips bullish at ~$2000, this margin is mildly bullish. RSI has broken through three critical supports and is currently trending down at 40 as it approaches 37 support. Stochastic remains bearish and is currently testing max bottom. MACD remains bearish and is currently trending down at 50 as it approaches 28 support. ADX is currently trending down at 30 as Price continues to fall, this is neutral at the moment.
If Price is able to bounce here then it will likely test $1711 minor resistance . However, if Price continues to break down here, it will likely test the 50 MA at ~$1530 as support which would likely coincide with the uptrend line from 06/18/22 at ~$1500 as support . Mental Stop Loss: (one close above) $1711.
#ETH/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE !!
ETH broke the local support and as expected dumped towards the $1600 support area. This is the key level to hold otherwise we see a heavy sell-off in the market. The next major support is the $1400-$1450 and Ethereum resistance area $1731 -$1832
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#ETH/USDT 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE !!
ETH/USDT rising wadge channel is broken and support 100MA is likely to bounce back ETH /USDT
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#WEEKLY UPDATE ETH/USDHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USD UPDATE!
ETH Weekly Update Me ETH is trading above 200 MA we can do that ETH holds 200 MA support but RSI is showing SUPPORT for ETH if ETH can bounce from here and altcoin can bounce fast.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#Ethereum Completes a Retest, will ETH Bulls Reclaim $2k?Past Performance of Ethereum
Ethereum remains one of the top performers, gauging from its performance on the daily chart. Even though there were lower lows, the uptrend is defined. The coin, as an illustration, is up nearly 130 percent from the 2022 lows. Based on the candlestick formation in the daily chart, ETH remains in an uptrend as long as prices trend above $1.77k.
#Ethereum Technical Analysis
Currently, ETH is stable, and Ethereum is in a bullish breakout formation. Following the contraction from around $2k and expansion earlier today, the coin may have completed the retest phase. Confirmation of today’s gains may see ETH erupt to reclaim $2k in a buy trend continuation formation. A double bar formation, swinging for buyers and unwinding recent losses from around the $1.77k could fuel demand, allowing risk-off traders to capitalize on the arising opportunities. On the flip side, conservative traders can wait for refreshing gains above $2k before reloading, setting sights on $2.5k or better.
What to Expect from #ETH?
ETH prices could rip higher primarily due to fundamental factors. All the same, how fast this depends on the reaction at immediate support or liquidation lines. Ethereum is within a bullish breakout formation even with the recent rejection of higher highs.
Resistance level to watch out for: $2.05k
Support level to watch out for: $1.77k
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 47% ETH, 53% Cash . * The PBOC (Central Bank of China) cut key lending rates for a second time this year (to the surprise of many) in response to weak economic data (worsening July credit, retail, industrial and property sector data) that projects China to miss its first GDP growth estimate since 2015. Considering the impact of China's economy on the global scale, fears of a pending global recession were renewed. In unequivocally abnormal 2022 fashion, this sent Cryptos, Commodities and Treasuries down and Equities, VIX and DXY up. The Merge is still scheduled for a 09/15/22 launch on Ethereum's Mainnet . Key dates this week: US Housing Starts and Building Permits at 830am EST 08/16; 5th GDPNow US Q3 GDP estimate at 915am EST 08/16 ; US Retail Sales at 830am EST 08/17; FOMC Minutes 2pm EST 08/17.* Price is currently trending down at ~$1900 and is still technically testing $1941 support. Volume is High and on track to favor sellers for a second consecutive session if it can close today in the red, this large of Volume is reflective of recessionary fears driving investors back out of Crypto. Parabolic SAR flips bearish at $1711 minor support, this margin is neutral at the moment. RSI is currently trending down at 63.41 after breaking below the uptrend line from 06/18/22 at 69, if it is unable to bounce here it will likely lose support of the uptrend line from 06/18/22 and potentially retest the next support at 55 (which coincides with the descending trendline from February 2020). Stochastic remains bearish and is currently trending down at 70 while still technically testing 81 support. MACD remains bullish and is currently trending down at 124 after forming a soft peak just below the upper trendline of the descending channel from August 2021 at 128 (resistance). ADX is currently trending sideways at 33 as Price is falling below $1941 support, this is neutral at the moment. If Price is able to bounce here and close back above $1941 support, the next likely target is a test of the 50/50 uptrend line from February 2017 at ~$2200 (which will likely coincide with the 200 MA) as resistance. However, if Price continues to break down and closes below $1941 support in two back to back sessions, it will have a bit of support at $1850 before potentially retesting $1711 minor support . Mental Stop Loss: (close above) $1941.
#ETH/USDT 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE!
ETH/USDT has gone up inverse head and shoulders up side break and is bouncing we expect ETH to go up to around $2050 from here
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#ETH/USDT 2Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE :-
ETH/USDT Breakout uper side and retest the green zone and bounce eth almost 12 % pump
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
#ETH/USDT 2Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE :-
As I told in the previous update, you can read further in ETH's it is going on
As we can see ETH performing extremely well and current about to face the major resistance level of $1770.
Some consolidation is expected below the resistance and break above is likely in upcoming days which will be bullish continuation signal and green signal to enter more ALT COINS.
Rejection from resistance level will lead ETH to drop down at lower support level again and will be the invalidation of this chat analysis.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
#ETH/USDT 2HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
In current scenario ETH trading on a support level and highly chance to grow above from current level until ETH holds this level.
Candle close below lower trend line support will lead ETH to drop down towards lower trend green support level.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
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Ethereum- Sell opportunity for short term tradersAfter the recent high above 1700, Eth has started to correct lower and dropped around 1550.
A new leg of correction can follow and traders could focus on a break under 1550 now as it represents confluence support.
A break here could lead to further losses towards 1300 important support
#ETH/USDT 1HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Ethereum update :-
ETH/USDT is forming a flag pattern if the upper train breaks the line and goes up about 28.92% so there will be PUMP from here, as a result of this all ALTCOIN will also see bullish movement
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
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Ethereum (ETH) /USDT 12Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Ethereum update :-
With the price just around $1,700, Ethereum has reached a key resistance after a 9.1% rally in the past seven days. Should buyers manage to push ETH above this key level, then it will have free reign until $2,000. The cryptocurrency has formed a clear uptrend with higher highs and higher lows in the past few weeks, and the bias is bullish.
ETH has been one of the strongest performers in the market since it bottomed at $880 (Binance) on Jun 18th. Since then, the price has doubled with a current local high at $1,793. This is an impressive achievement in less than two months!
The key support is found at $1,400, but if bulls manage to turn the current resistance into support, then a significant buying volume across the board could be in play. It is still uncertain if this will be the case at the time of this post therefore, a possible pullback at the key resistance level of $1,720 before another push higher from buyers is still possible.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.