Buyers tried to hold the $1,500 supportAs buyers tried to hold the $1,500 support in Ethereum, this support increased yesterday, and the economic news helped to create a positive swing in the market. Of course, the news wasn't encouraging, and with annual inflation coming in higher than previously forecast, it's not good for financial markets in general. But in the short term, it has caused a positive fluctuation in the market. Ethereum broke the $1,540-$1,550 resistance range, and if it consolidates above this level, it could continue its short-term upside move to the next target in the $1,600 range. Note that the general trend of Ethereum is between the support of $1,500 and the resistance of $1,700.
ETHBTC
BTC trendlines to watchPlease 1st of all smash the boost 🚀 button to support my work if you like it! It's absolutely for free.
I would expect ₿itcoin to move between the lines inside the rising wedge at least for a while. The wedge upper edge should act as dynamic resistance, while the lower edge should act as dynamic support. Let see how it goes... 🍿
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
ETHBTC - After Rejecting the Downside, We've got an Upside!ETH and BTC have quite closely correlated over recent times, with the price somewhat consolidating in this ever-tightening wedge formation. This wedge is coming to a close soon, but there's still time to profit from a few more swings!
We've received a Buy signal from CTv2 shortly after the price tested and was rejected by the lower trend line, this should indicate a move to the upper trend line - total profits of well over 5%, not bad for a few days!
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✳️ ETHBTC 8X Lev. 150%+ Potential (Update)Our position remains live/active and valid.
A better entry now possible!
Refer to previous trade idea dated February 8 for full numbers:
Thanks a lot for the support.
Namaste.
Ethereum reacted negatively to its minor resistance levelsEthereum reacted negatively to its minor resistance levels in the last 24 hours, and as soon as it hit the level of $1540-1550, we saw the price of Ethereum drop. From the bottom of the support range of 1483 to 1500 dollars, until it is completely broken, we expect the continuation of the Ethereum range. The positive point for the short term is that a descending channel has been identified in the CME market for the Ethereum chart, the ceiling of this channel has not yet been broken, and the short-term trend is still bearish. Only if there is a positive reaction to the support of this indicator, and the ceiling of the channel is broken, we can expect a positive swing from Ethereum to the $1600 resistance. One of the most important medium-term supports of Ethereum is in the price channel of $1300, and we expect a positive reaction from this range if the support of $1500 is completely broken.
The minor resistance areaEthereum has been in a range over the past 24 hours, and after a positive reaction to the $1,490 support area, it is making a positive swing.
But a minor resistance in the $1,539 - $1,569 range is set for it, and if it is broken, we can expect Ethereum to grow further to the $1,600 range.
In general, due to the downward trend of Ethereum in the 4-hour time frame, encounters with these resistance levels can be accompanied by a negative reaction, and the expectation of the continuation of the correction of Ethereum is higher.
Ethereum can have a positive fluctuationIn the last 24 hours, selling pressure on Ethereum caused its price to return below the $1,499 level for a short period of time. A temporary break of this range can be one of the signs of a further decline in the price of Ethereum and a move towards lower supports. But if Bitcoin makes a positive swing before continuing its downward move, it will grow to the $22,000 range. Ethereum can also have a positive fluctuation up to the range of 1581 to 1605 dollars with a strong positive reaction to this support. Otherwise, with increasing selling pressure, further decline of Ethereum can continue until the next support range, i.e. the price of 1366 dollars, which is a stronger range for a positive reaction.
✳️ ETHBTC 8X Lev. 150%+ PotentialWe are active on this one as well with 8X.
This is the same as ETHBTC.
We entered on the 6-Feb. in the following range: Buy-in: 0.06950 - 0.07170
Full numbers will be shared later down the road.
Disclaimer: Do your own research before trading. Lev./margin is high-risk and for experienced traders only.
If you can't handle a loss, then trading is not likely for you, as some trades we win, many trades we lose.
We learn from our mistakes, grow and move on.
We make sure not to repeat the same mistakes in the future. But if we do make the same mistake we take responsibility for our actions and make sure the next time we are prepared to take the action we are supposed to take.
You can have a plan and everything, be determined yet the emotions can take control.
A huge win can change your life... If you are not ready for your life to change, your body, your subconscious mind, might push you to make a mistake because deep down you can't take the win yet and thus another loss.
It is a psychological game.
That's why we mediate and study so hard... If you grow in your mind, if you grow your energy, if you grow your consciousness, your money easily grows too.
Namaste.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) extended recent gains today, with prices breaking out of a key resistance point in the process.
Following a low of $1,628.67 on Tuesday, ETH/USD jumped to a peak of $1,688.53 during the hump-day session.
As a result of today’s gains, the world’s second-largest cryptocurrency climbed past a resistance level of $1,675.
Similar to bitcoin, this move pushed ETH to its highest point since Saturday, with the RSI also hitting a four-day peak.
At the time of writing, the index is at a reading of 62.97, which is slightly below a ceiling of 64.00.
ETH bulls will likely attempt to break this resistance in the coming days, which will inevitably mean prices move back above $1,700.
I have tried to bring the best possible outcome to this chart.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also moved lower on Monday, however, prices were able to remain above the $1,600 level despite the decline.
Following a high of $1,665.26 on Sunday, ETH/USD dropped by as much as 2% in today’s session, hitting a low of $1,616.30 in the process.
As a result of this sell-off, ethereum moved closer to its recent support level of $1,600. However, bulls have so far rejected a collision.
This has been helped by the RSI, which has found its own floor at 58.00, providing a soft landing for previous bulls.
ETH has since rebounded from earlier losses, and at the time of writing, is trading at $1,630.55.
Should this RSI floor of 68.00 hold, ethereum bulls may attempt to make another move toward $1,700 as the week progresses.
I have tried to bring the best possible outcome to this chart.
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Ethereum is still inside the ascending channelOver the past week, Ethereum has registered a doji candle with a bearish body and a negative 0.95% decrease.
This candle shows that both the current support levels in the range of $1600 and $1500 and the resistance levels in the range of $1700 are strong ranges, which can cause Ethereum's price to range trend.
Ethereum is still inside the ascending channel in the lower timeframe, and the price has reacted positively to the support level of $1,600.
If Bitcoin maintains its reliable floor at the level of $22,500, it is possible for the price of Ethereum to grow and move again toward the ceiling of the channel. But if the support is broken, the decline in the price of Ethereum can continue to the $1,500 range.
#ETH Bulls Firm, But Will ETHBTC Slow Down at 0.072BTC?Past Performance of ETHBTC
The uptrend remains valid, but ETH buyers have been flowing back. In a retest of the previous support line, buyers found resistance at 0.072BTC. There is a double bar formation signaling weakness. For ETH buyers to take over, there must be strong reversals of yesterday's losses with rising volumes. In that case, ETH will snap back to trend, qualifying the recent bear breakout below the wedge as a bear trap.
#ETHBTC Technical Analysis
The bear bar of January 24 defines the current formation, placing BTC buyers in the picture. After a 5% gain in the past two weeks, ETH found resistance at 0.072 BTC. If the uptrend is to continue, reversing losses of January 24 and canceling out sellers of late January, the breakout back to the rising wedge ought to be with expanding volumes. Buyers would, should this happen, set sights on 0.078BTC or January highs. Conversely, confirmation of yesterday's losses may trigger more sell-off, triggering BTC demand. In that likelihood, bears may ride the emerging trend, targeting 0.065BTC and confirming sellers of January 24.
What to Expect from #ETHBTC?
At the present formation, sellers are in control in the short term, syncing with the bear candlestick of January 24. Conservative traders can wait for losses below 0.065BTC before adding to their shorts. Any surge above 0.072BTC will invalidate the bear breakout and likely form the base for a leg up to the January high.
Resistance level to watch out for: 0.072BTC
Support level to watch out for: 0.065BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
Needs to rise above 1777.05 to break out of short term downtrendHello?
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(ETHBTC 1W Chart)
It looks very complicated, but the point is simple.
1. Whether it can rise above the 0.072484-0.079552 range and
2. Whether it can be supported in the range of 0.048765-0.053586.
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(ETHUSDT 1W chart)
The key is whether it can be supported around 1611.62 and rise above the M-Signal indicator on the 1M chart.
(1D chart)
It is important to be able to climb with support in the 1572.69-1879.61 section.
If not, you should check for support around 1340.12.
A move above 1777.05 is likely to break out of the near-term downtrend.
So, we need to see if it can rise above 1777.05.
If this uptrend is extended, it is expected to touch the 2531.05-2871.13 section.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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[UPDATE ETH] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use ETH as a reference, it would look like this.
THIS IS A STAGE 2 SCENARIO.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process.
ETH/USD hit a high of $1,670.70 to start the weekend, as the world’s second-largest cryptocurrency bounced away from Friday’s low at $1,634.49.
Following a surge to $1,714 on Thursday, which was the strongest point for ETH since September, prices have moved into consolidation.
Looking at the chart, Saturday’s climb has pushed the RSI closer to a resistance of its own at 68.00, with the index currently tracking at 64.35.
ETH will likely reach the $1,700 mark should price strength recapture this ceiling.
The 10-day (red) moving average appears to be upwards facing, which could be a positive sign for bulls anticipating upcoming surges.
I have tried to bring the best possible outcome to this chart.
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Ethereum - Ready for explosion! (Must see)
ETH is a ticking bomb at this moment, because my analysis suggests an explosive move is about to happen. I hope your bags are full!
As you can see, the price is breaking out of a bullish pennant on the 4h chart with a successful retest. What more do you need?
The price is moving in an ascending parallel channel, and it's very important for ETH to hold this channel; otherwise, we are going to lose the bullish momentum.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
From the Elliott Wave perspective, we are currently still in the 3rd wave, so you don't need to worry about a potential crash; it's not going to happen. During wave 4, we will see a small pullback, but nothing dramatic. After we finish this whole impulse wave, then it's going to be awful, and the bears will step in.
The first stop is the next strong resistance. Quarterly / monthly highs and 0.5 FIB are definitely strong resistance, there is no doubt about it. This could be your profit target for this trade if you want to trade in the short term.
Since the start of the new year, I haven't opened any short positions on futures. I only trade longs at this moment, and this strategy is indeed extremely powerful, because the trend is your friend.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS!!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also made significant gains in the last 24 hours, as traders pushed prices close to the $1,700 mark.
Following a low of $1,566.86 on Wednesday, ETH/USD raced to a peak of $1,689.07 earlier in today’s session.
This rally in price saw ethereum move to its highest mark since September 12, when ETH reached a top at $1,761.
Looking at the chart, today’s five-month high came as ETH broke out of its long-term price ceiling at $1,670.
Although one point of resistance has been broken, ethereum bulls are fast approaching another, with the relative strength index (RSI) nearing a ceiling at 68.00.
Currently, the index is tracking at 65.19, with earlier bulls likely to consider taking profits before a full collision occurs.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETHBTC - A Quick FakeOut Followed by 5-15% DeclineHey guys - Just taking a quick look at ETHBTC and it would seem we've experienced a little fakeout above trend levels only to experience quite a sharp decline to the point of breaking below recent support.
There is still strong support located around 5% below current price so this may act as a natural level to reject the downward momentum - or ETH may well break below this level too on it's descent to an overall 15% loss.
Either way we've got a Short signal from Crypto Tipster v2 and if the last 2 years of signals are anything to go by, we trust this to provide some good results!
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