ETH/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) is retesting the descending channel. The current short-term resistance level is $1530.
To continue the bullish momentum in the market, the bulls need to clear the $1530 resistance.
In case of a failed retest of the descending channel, $1.5K is a strong support level for the bulls to make higher lows at that level.
I have tried to bring the best possible outcome to this chart.
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ETHBTC
ETH Technical analysis & Next moves 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez!
In our today's post we will analyze ETH next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . As we can observe on the chart, there are 3 possible scenarios that might play out based on our analysis. Since Mid-July, there is a HUGE Bullish Orderblock, around the area 1090$ - 1035$. As long as we stay above these levels, everything looks positive and we are safe and sound.
IMPORTANT: Keep in mind though, Orderblocks tend to act as a magnet, therefore, sooner or later we WILL visit this area.
In the case of breaching 1090$ support area, that holded well so far, we will test the lower threshold level of OB at 1030$, which is the least possible scenario (2) based on our plan.
At the time of the writing, after price tested the upper OB, that was created on 20th of December, it acted as a resistance, and bulls took over. It is also important to mention that, price and volume has been forming a bullish divergence, indicating us a buy signal and that Scenario 1 and 3 are more likely to occur. At this point it is important to mention, that based on the price behavior the last months, there has been a huge liquidity area (FVG), that hasn't been explored since then, and MUST be, the one way or the another.
Consequently, after today's leg up and after being rejected of the nearest support zone, we strongly believe, that the next moves involve, bullish action.
SCENARIO 1: Indicates, retest of the lower level of the Fair Value Gap, having our TPs at the level of 1340$, that acted as resistance. and then sharply correct to the lowest Resistance area, at 1080$-1100$.
SCENARIO 3(HOT): After retesting the lower level of the local FVG, break through, and close the Gap, leading us to the ultimate Resistance area indicating on the chart, at the area of 1660$. Make no mistake though, market sentiment is still bearish, and according to this plan, price eventually, WILL test the lower levels around 1080$.
Consequently, after analyzing all 3 possible scenarios, and taking under consideration that the correlation between price and volume, we undoubtedly suggest that a good Long entry price is:
Entry Price: 1230 - 1250
TP1: 1340$ (Liquidity Pool)
TP2: 1425$ (Mid-range of FVG)
TP3: 1660$ (Ultimate Resistance Area - Reversal point)
SL: 1180$
IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis!
Not a Financial Advise!
Trade with Caution!
Best Regards, CryptoQueens
Ethereum dropped to the $1,585 support areaThe previous day, Ethereum had dropped to the $1,585 support area and reacted positively as soon as it hit this support. Note that the price of Ethereum is in a descending channel in the lower time frame, and the channel's ceiling at $1643 represents a minor resistance. Of course, Ethereum has a lot of resistance in the channel ranges of $1,600 to $1,700, and to completely cross these levels, high strength is required from the buyers. Otherwise, the range trend can continue, or even correction can occur.
If Ethereum fails to cross from the $1,643 resistance, it could start another downside correction. Initial support on the downside is $1,621.
The next major support is nearly $1,585. Any more losses might call for a test of the $1,501 zone.
BTC Head & ShouldersPlease 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
₿itcoin broke the yellow uptrendline, backtested it and got rejected. Now it just formed Head and Shoulders 🤷 pattern. IF price definitely breaks the Neckline at 18905 I think there is chance for drop to 12680 and even lower, but I expect some pullback up first. Setting 3 SELL LIMIT orders each at different price, but all the positions will have the same STOPLOSS and same TARGET. Obviously each will have different Reward Risk Ratio (RRR). Zoom in to see the gray Callouts better.
ENTRIES :
---------- SELL LIMIT1 @ 19330.00
---------- SELL LIMIT2 @ 20790.00
---------- SELL LIMIT3 @ 22200.00
STOPLOSS (SL) : Right Shoulder @ 22781
TARGET (TP) : H&S target projection @ 12680
REWARD RISK RATIO (RRR) :
----------- SELL LIMIT1 - RRR 1.9
----------- SELL LIMIT2 - RRR 4.0
----------- SELL LIMIT3 - RRR 16.2
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
#Bitcoin Bulls Firm, ETHBTC May Break Below Rising WedgePast Performance of ETHBTC
After weeks of higher highs favoring Ethereum, the pendulum is swinging. Bitcoin buyers are taking charge, pressing lower as demand picks up. Overall, price action is confirmed within a rising wedge, technically in a bullish pattern. Even so, as long as prices are capped below 0.077 BTC, Bitcoin bulls have the upper hand.
#ETHBTC Technical Analysis
Roughly ten days ago, a bearish engulfing bar printed on January 12. The bar reversed ETH gains and was with high trading volumes. It set the trend of what is today. Selling momentum is also developing as prices break below the primary support trend line of the rising wedge. If the bar has equally high trading volumes, BTC bulls can double down, targeting 0.068 BTC, or lower in the days ahead. This level coincides with the 50 percent Fibonacci retracement line of the H2 2022 trade range. Any surge above 0.077 BTC or the 23.6 percent Fibonacci retracement will cancel this bearish outlook, swinging prices in favor of ETH bulls.
What to Expect from #ETHBTC?
ETH buyers are in charge in the higher time frame as prices increase inside a wedge. Presently, BTC bulls are cranking up demand. Subsequently, prices may fall lower toward immediate support levels.
Resistance level to watch out for: 0.077 BTC
Support level to watch out for: 0.068 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Ethereum - Thoughts out loud #5Good afternoon, dear colleagues!
I am pleased to welcome everyone who wishes to familiarize themselves with my vision of the current situation on this instrument.
I propose to consider a possible deal, but this is only my vision of the situation.
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn".
Ethereum failed to make a comeback toward the resistanceYesterday Ethereum continued its range trend, and the price of Ethereum failed to make a comeback toward the resistance of the previous ceiling. The negative reaction again to the resistance of the $1660 range caused the price to decrease and return to the previous floor. This resistance must be completely broken to continue the uptrend, and strong bullish candles close above it. Otherwise, the price correction can deepen, and we can expect a price decline until the support of the $1477 range.
BTC and ETH are being pumped by Bogdanoff !
The Bogdanoff twins claim they participated in helping Satoshi Nakamoto build Bitcoin. Igor and Grichka Bogdanoff claim to have helped Satoshi elaborate on Bitcoin’s ‘predictive code’.
Bofdanoff twins died in 2022. They were both at the same hospital, Grichka died six days earlier than Igor. The twins also claim to have known Satoshi Nakamoto, the creator of Bitcoin.
There are rumors and conspiracy theories that the Bogdanoff twins can manipulate cryptocurrency prices from the afterlife. Do you think it's true? Let me know in the comment section right now!
Ethereum and Bitcoin are now unstappable, and the FOMO hasn't even started. The fear is still extremely high, and a lot of people believe in lower prices, such as 10k for Bitcoin.
From the technical perspective, you can clearly see a parallel channel on the daily chart that is currently breaking out! This is huge. This channel is also a ZigZag corrective pattern from the Elliott Wave perspective, which is even better!
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.
There is some resistance on the way up, of course. All of them are pretty significant, and I believe we will reach 4,080 USDT pretty quickly. This seems to be the strongest resistance, but we will see! I want to see the developing market structure and waves to determine the profit target first.
It's absolutely a pleasure to see that the bulls are back, and I wish you massive profits!
Look at my previous idea about ETH, where I told you to buy it almost at the bottom. Check out the related section down below!
Thank you, and for more ideas, hit "Like" and "Follow"!
Who thinks that this January is the best month ever? Let me know in the comment section!
ETH had a negative reaction to midline of the channelEthereum remained within the short-term ascending channel yesterday but has reacted negatively to the midline range of the channel. The price of ETH has important support at the bottom of the channel in the range of $1569 - $1590. If it brings a positive reaction, hitting this level can make the following targets of Ethereum achievable at the levels we set yesterday. But note that these resistances are strong reaction levels, and the possibility of the price entering the correction wave from these ranges will be high.
Ethereum (ETH) formed a bullish Gartley | A good buy opportunityHi dear friends , hope you are well and welcome to the new trade setup of Ethereum coin.
Previously after crossing the 1st target the price moved down:
Now on a daily time frame, Ethereum with BTC pair has formed a bullish Gartley move for another pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
The important support range of EthereumYesterday, Ethereum broke its minor resistance in the range of $1,568 and once again broke the $1,610 resistance level. ETH's movement is within a narrow ascending channel (as you can see on the chart), with the ceiling of the channel at $1700 and $1800 being the ultimate targets for short-term buyers. We expect to see the range trend for Ethereum in these ranges. Of course, a range can be formed after the last possible upward movement of this trend.
Break out of the short-term downtrendHello?
Traders, welcome.
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(ETHBTC 1W Chart)
A rise above 0.079552 is expected to explode the uptrend.
A break below 0.072484 may indicate a short-term downtrend.
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(ETHUSDT 1W chart)
It is important to be able to climb with support in the 1611.62-1879.61 section.
In order to continue the mid- to long-term uptrend on the chart, the price must rise above HA-High and maintain the price.
Therefore, it is expected to oscillate up and down, causing the HA-High indicator to fall.
The next period of volatility is around the week of February 27th.
(1D chart)
It is showing a large upward trend, rising above 1340.12, which was an important point from a mid- to long-term perspective.
It is rising above the HA-High indicator, which is a condition for continuing a short-term upward trend.
However, from a short-term perspective, since the -100 indicator is formed at the 1777.05 point, it can be said that this point has risen to break out of the short-term downtrend.
Therefore, it is necessary to check whether it can rise above the 1777.05-1879.61 section.
It is important to find support around 1572.69 as there is a possibility of a sharp decline if it falls below the HA-High, i.e. below 1501.44.
The next volatility period is around January 28th.
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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 ().
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(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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Bitcoin 200ma Buyers and ShortersIn the history of bitcoin, the 200ma on the weekly has been a good place to buy before a great rally upwards. This time, buyers of the 200ma weekly were in loss to about 30.5%. Shorters of the 200ma weekly got a 2R trade. Price is now at their entry again. This is tracking the long entries that have been waiting for a significant rise since the drop.
R is risk. The number in front is the multiple of that risk. Risk is calculated by how much price goes in the opposite direction of your bias after your entry, before finally going in your favor. This is the concept of actual risk.
ETH OMEGA PENANT BROKE OUT Hello,
We shared this setup of omega eth penant before on our tradingview account but due to some Terms and conditions of tradingview the idea got removed..
so now i am posting it back by compliance of all the tradingview rules,
Eth penant has broke out sucessfull and now looking to take the equal highs at 1654$, if eth manage to flip it into support then 3k gateway will open for ethereum..
Disclaimer :
All information is only for educational and entertainment purpose , we are not financial advisors.
Has Ethereum set a Bull Trap for us ❗️❓🗑🦇Today I have prepared for you different Ethereum scenarios for the coming days.🔜
Let's start with trading volume.
If you look closely at my Ethereum chart, you will see that the heavy support zone currently on the chart, called the heavy resistance zone has been broken by long-bodied, red, high-volume candles. But in this one month when Ethereum has seen an upward trend, a significant volume is not visible in the chart; although Ethereum was able to break the heavy resistance zone, but is it possible that Ethereum has made a trap(bull trap) for us or not❗️❓
Stay with me in the rest of this post to answer the above question.😊
As you can see in the Ethereum chart, Ethereum is moving after breaking the heavy resistance zone and important downtrend line and SMA200 in PRZ(Price Reversal Zone), so it seems that the D point of bearish 🦇bat🦇 harmonic pattern is formed in PRZ and TRZ(Time Reversal Zone).
Also, w can see the end of movement in the StochRSI indicator.👇
Therefore, I expect Ethereum to at least return to the heavy resistance zone and the important downtrend line and SMA200. And since Ethereum has not seen a certain volume in this one month, the possibility that Ethereum has set a trap for us (bull trap) is very high (most of the tokens are active on the Ethereum network, so take care of your portfolio in the coming days).
Ethereum Analyze ( ETHUSDT ) Daily Timeframe ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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ETHUSDT - No Entry? No Problem! WATCH THIS 📈Hi Traders, Investors and Speculators of the Chart📈📉
The RSI on Ethereum is pointing to severely overbought on the daily up until the 3D. This means that a breather / pullback can be expected soon. If you missed the rally on ETHUSDT, this may be your chance to get another entry. For the next part of the analysis, we take a look at an old-school trendline analysis - the bump and run method. If the price of ETH corrects, the bump, a possible entry could be at $1400 where the diagonal support zone is. From here, the run could go to $2000 in the short term.
HOWEVER< if the price cannot CLOSE above $1400 in the daily, and falls underneath, the bump and run method will not be considered.
Take a quick look at another great opportunity here, OCEANUSDT :👀
I suspect the markets will continue to see lots of volatility this week, so remember to pre set those orders!
For those who have been following for a while, all of the altcoins on our watchlist have rallied. Please remember to secure some profits!
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CryptoCheck
Ethereum's volatility maintained its positive momentumEthereum's volatility maintained its positive momentum the previous day, and we still see higher tops and bottoms forming in the 1h timeframe. Also, we can consider a narrow ascending channel in this time frame. Ethereum's main supply levels and ranges where a strong negative reaction is expected are at $1700 and the $1800 channel. Therefore, if Ethereum hits these ranges, the probability of a negative reaction and the price entering a corrective wave will increase. As long as the support of the $1,520-$1,535 range at the bottom of the short-term channel is not broken, Ethereum's upward movement can continue. Another thing to note is that there have been a few reactionary hits to the $1,600 resistance, so if this resistance is broken, it needs to be confirmed, and we should closely monitor trading volume.
ETH/USDT 4 HOUR UPDATE !!Hello, welcome to this ETH/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-the 4-hour timeframe, the price has been forming higher highs and higher lows which is a typical bullish sign. However, the cryptocurrency has simultaneously entered a short-term consolidation and reached the $1.6K resistance level.
Ethereum seems to have gained sufficient momentum to surpass the $1.6K resistance zone. Still, the existing bearish divergence between the price and the RSI indicator might halt the current uptrend for the short term and result in a correction phase with low volatility.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethereum has formed a narrow bullish channelEthereum has formed a narrow bullish channel in contrast to Bitcoin the previous day, and the previous day's bullish effort briefly broke the previous ceiling at $1,681. The bottom of this ascending channel is considered in the range of $1,520 to $1,535. Ethereum could enter a deep corrective wave if this support is broken, and its supports will be in the $1,450-$1,400 range. But suppose the $1,681 resistance is broken this time. In that case, Ethereum can also cross the midline resistance of its channel and continue the upward movement to the higher targets intended for it. Note that due to the price entering the supply ranges at higher timeframes, the probability of stability of this upward movement is low. This means Ethereum can have quick negative reactions when it hits these resistances.
Ethereum continues to struggle to break the $1,600 resistanceEthereum continues to struggle to break the $1,600 resistance. If Bitcoin crosses its resistance range, Ethereum can also break this resistance. The trend line that has been drawn has prevented the fall so far. The $1700 and $1800 targets will be available if this support line supports the price. It is not recommended to enter the trade until the resistance of $1,600 or the trend line is broken.
ETH/USD weekly time frame UPDATE !!Hello, welcome to this ETH /USD weekly time frame chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-ETH bounced off the historical trend line and declined below support on the weekly time frame with a solid bullish volume . The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls.
Currently, the bulls are facing the previous lower high resistance at $1591. We need to look for an effective breakout of the falling wedge , which would confirm a solid rally in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you