ETHBTC
Important resistance!Ethereum remained well-bid and strong above the $1,220 zone.
It could start another drop if it fails to climb above the $1,300 resistance. Initial support on the downside is near the $1,260 level and the 100 hourly simple moving average.
A close above the $1,300 resistance might start a new increase. The next major resistance is near the $1,320 level, above which ether price could gain bullish momentum for a move to $1,400.
Ethereum is bullish! | Bull flag is ready!
This bullish flag is absolutely ready for a breakout! I am bullish on ETH, and I opened a quick long position. I will exit at the resistance, and after that, I am going to short ETH!
As you can see, the price is in this rectangle range, and usually the market is ranging 75% of the time, so there is a huge chance that the bears will step in at the resistance! I recommend shorting ETH later.
In my opinion, there is currently only a 25% chance that this rectangle pattern will be destroyed by the bulls on the first try. I expect a strong rejection and will go back to the POC that you can see on the right side of the chart.
There are a lot of stop losses above this flag, so I believe the market wants the liquidity.
From the Elliott Wave perspective, it looks like a corrective tripple zigzag pattern (WXYXZ), because we have an overlap between the major waves, which is not a good sign for the bulls.
This overlap is a problem. It shows the weakness, and I don't like it. Let me know in the comment section what you think!
We have a double bottom pattern on ETH. The neckline needs to be broken to confirm this pattern, but it's not going to be easy.
I don't know what about you, but I am now temporarily bullish on ETH, and I have my orders set to close long and open short at the resistance.
I wish you a lot of fun during your trades!
I post trade setups privately. 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.
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A new trend is yet to be seen. Rise above 1340!Hello?
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(ETHBTC 1W Chart)
We need to see if we can continue the uptrend along the uptrend line.
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(ETHUSDT 1W chart)
The HA-Low line is still holding at 3962.19.
So, you can see that it hasn't had a rebound or a sharp uptrend yet.
In order to break this trend, it needs to show a rise above the downtrend line.
(1D chart)
On the BTC 1D chart, the -100 indicator is falling, creating a new trend, but ETH is still at the -100 indicator at 1777.05.
Therefore, the key is whether you can show a movement to show a new flow.
It is important to be able to come up with an upward trend crossing the uptrend line.
The next period of volatility is around December 29th.
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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.
** 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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ETH ANALYSIS#ETH UPDATE.
#ETH has bounced back from the double bottom after the breakdown from the ascending triangle Longs will be open only if eth closes above the red box resistance on daily,however on losing the purple box support eth will test the green box support area .
Short-term buying tendencies have not yet disappeared!In the four-hour time frame, until the price creates a close below the $1,226-$1,208 range, short-term buying tendencies have not yet disappeared.
Breaking above $1260 can be a warning for buyers to regain strength and continue this growth up to $1330-1345.
If the mentioned support is lost, it can be expected to continue to decrease to the range of 1100 dollars.
ETH - The most bearish pattern is confirmed!
This is a very bearish 3-wave corrective pattern (WXY) double ZigZag. This pattern is now confirmed, and ETH could drop significantly!
It's not looking good for ETH at all. The bear market is strong, and ETH can potentially reach levels below 1000 USD.
The most important yellow trendline has been destroyed by the bulls, and the bears are back in full force!
I recommend longing ETH at the 0.618 FIB for quick gains. 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.
The ECB (European Central Bank) recently warned us about a massive crypto crash; this could be true.
1235 USD is a key level, and the bulls weren't able to sustain it! This level was important because it was the peak of the first wave (W). The possibility of an impulse wave has been invalidated for good.
I hope you guys are doing great and take care!
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Can the selling pressure break the supports one after another?Ethereum reversed yesterday and attempted a pullback to the $1,270-$1,300 resistance, which was accompanied by a negative reaction.
If Ethereum fails to start another increase above the $1,275 resistance, it could continue to move down. Initial support on the downside is near the $1,220 level.
If there is a break and a close below $1,220, the price could drop toward the $1,165 support area. If the selling pressure can cause a complete break of this range, the further decrease in the price of Ethereum can continue to the number of $1,100.
Unique Update Of EthereumHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum
In addition to bitcoin, ethereum (ETH) was also in the green to start the week, as prices edged closer to $1,300.
ETH/USD rose to a high of $1,302.24 earlier in today’s session, less than 24 hours after falling to a low of $1,253.16.
As a result of this, the world’s second-largest cryptocurrency has now marginally broken out of a long-term resistance point of $1,300.
Similar to the trend on bitcoin’s chart, Ethereum's moving average (MA) of 10 days (red) continues its upwards ascent versus the 25-day MA.
The 14-day RSI has also climbed, with the index tracking at 52.87, which is above a ceiling of 52.00.
Once bulls are finally able to break this current wall, the next target for traders will likely be the $1,350 point.
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
Whether it can rise above 1340.12 is the keyHello?
Traders, welcome.
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(ETHBTC 1W Chart)
The question is whether it can rise to around 0.080311.
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(ETHUSDT 1W chart)
It will be a question of whether the price can sustain the rise above 1340.12.
Therefore, you should check if you can break out of the downtrend line.
(1D chart)
By rising above 1274.63, we need to see if we can show an uptrend above the uptrend line.
As we are currently in a period of volatility (Dec 5-7), we need to be cautious in our trades as we may see some swinging movements up and down.
Since the price is maintained above the HA-Low line and above the MS-Signal indicator, which is a condition for turning into an uptrend, it is expected that the possibility of showing an uptrend will increase if the volatility period passes as it is.
If it declines, it is important to find support above 1198.26.
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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.
** HA SRRC 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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ETHBTC: Bitcoin will outperform Ethereum unless this line breaksThe ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019).
The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can we see an immediate rally on ETHBTC. Until we do, it is more likely to see Bitcoin outperform Ethereum as the candle action since March 2022 is similar to the one from September 2018 - May 2019. The 1W RSI is a testament to the repetitive nature since March 2016.
If we get a repeat, that would make a bottom on Higher Lows trend-line A and then steadily rise on Higher Highs and Higher Lows.
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ETH to drop hard?Please 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.
Ethereum broke down this triangle📐 and I think there is chance for run to 973 and even lower. Setting SELL LIMIT order to previous range low @ 1233 to catch🎣 the pullback. The low @ 1172 is going to be critical, bulls do need to defend this level if they want to spoil the bears' party.
ENTRY : 1233
STOPLOSS (SL) : 1292
TARGET (TP) : height of the triangle projected from midpoint of the previous range (pink line in the middle) @ 973
REWARD RISK RATIO (RRR) : 4.4
INVALIDATION : when STOPLOSS level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
#ETHBTC primed to launch. Setup for #Ethereum in the high teens!#ETHEREUM has put in the work
#Vitalik is the best value creator in the #crypto industry bar possibly CZ of #BINANCE
0.21 #BTC per Ethereum at Bitcoin's old high of 69k
= approx $15,000
Bitcoin to drive past these old high's really puts Ethereum into the stratosphere.
@TheCryptoSniper
@TheMarketSniper
It is now trying to break the resistance area!Ethereum gained bullish momentum and cleared the $1,230 resistance zone. The price now trades above $1,230 and the 100 hourly simple moving average. It is now trying to break the resistance area at $1287. If it can break and holds above this zone, we will see a move toward the next target area at $1400-$1420. The major support area is $950-$1000.
Unique Update Of EthereumHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Ethereum (ETH) also moved higher on Tuesday, ahead of the U.S consumer confidence report.
The Conference Board consumer confidence survey is expected to come in at a reading of 100, which is marginally below October’s reading of 102.5.
ETH/USD was back above $1,200 on Tuesday, hitting a high of $1,216.52 earlier in today’s session.
As can be seen from the chart, the move, which ended two straight days of losses, pushed ethereum to its highest point since Saturday.
Overall, this move comes as the RSI raced above its point of resistance at 43.70, and it is currently tracking at 46.10 as of writing.
A ceiling of $1,230 now awaits ethereum bulls, and should they overcome this hurdle, a move toward $1,300 will be on the cards.
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 (ETH) - November 30Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(ETHBTC 1W Chart)
The key is whether it can rise above 0.080311 to release the bullish force.
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(ETHUSDT 1W chart)
The question is whether it can rise to around 1741.38.
To do so, we need to check if it rises above 1340.12.
(1D chart)
The HA-Low branch is formed at 1198.26.
Therefore, if the price rises above the MS-Signal indicator and maintains the price, it is highly likely that it will turn into an uptrend.
To do so, it is important to get support by rising around 1274.63-1340.12.
If not, we expect a decline around 924.52-995.13 and we need to think about how to counteract that.
The next period of volatility is around December 6th.
-------------------------------------------------- -------------------------------------------
** 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.
** 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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ETH is not a security, the ususal strength, and bearish outlookWhile Bitcoin set a new low in November 2022, Ethereum failed to do so. Instead, the selling pressure stopped two times around 1070$, constituting a significant support level. Subsequently, the price broke above the sloping resistance (now the sloping support) and rose to 1234$ before reversing lower.
Over the past few months, this strength of Ethereum (compared to Bitcoin) has been shown in numerous instances, and it marks nothing out of the ordinary. Therefore, we continue to be bearish on Ethereum and maintain our price targets at 1000$ and 900$. As to an attractive price entry, we also maintain a notion (one reiterated since the summer) that the current price level is risky. In our opinion, the attractive price for shorting stays between 1500$ and 1600$.
*As a matter of fact, yesterday, Belgium’s financial regulator declared that Ethereum and other cryptocurrencies without an issuer are not securities. That should provide more clarity for future cryptocurrency projects in the European country.
Illustration 1.01
Illustration 1.01 displays the daily chart of ETHUSD. The yellow arrow indicates the bullish breakout above the sloping resistance (now sloping support).
Technical analysis - daily time frame
RSI is turning bullish. MACD made a bullish crossover below 0 points. and Stochastic is neutral. DM+ and DM- are bearish. Overall, the daily time frame is bearish.
Illustration 1.02
Illustration 1.02 shows the daily chart of ETHUSD and simple support/resistance levels.
Technical analysis - weekly time frame
RSI is neutral. MACD points to the upside but stays in the bearish area. Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.