ETH daily coming down to a HUGE support area, LOOK!ETH daily chart...Of course the Merger happened
from "proof of work" to" proof of stake" and so
far so good and the blockchain is running great.
Im looking for Institutions to begin coming in
from now on out. I also see ETH flipping BTC in
the coming few years. So take a look at the candle
hitting the trendline and looking for a bounce up.
If it breaks below $1405 mark, the supports are
listed. The RSI is looking bullish as well... Unless a
blackswan event were to happen, i believe we have hit
the bottom back where I listed it. Personally
if ETH drops under $1k im backing up the truck
but i do belive we have bottomed out. but we
will see...Ill try and keep this chart updated.
ETHBTC
Ethereum - Risk-off back onNot long ago, we warned about the rally being doomed to fail. Indeed, prior to the merge, we stated that a short-lived price increase might occur before the distribution of ETHW tokens (due to speculation). Our assessment proved correct, and the price rose ahead of the merge. Furthermore, the hype was quickly killed by the latest CPI print in the United States, sparking a selloff in the equity market.
Fundamental factors remain bearish, and with the upcoming FOMC, we would argue they are poised to worsen even more. Because of that, we will pay close attention to the monetary meeting on 21st September 2022. We think the FED will reiterate its hawkish narrative laying a pathway for another significant rate hike in December (and potentially an emergency rate hike in November).
Regarding technical factors, these continue to forecast a lower price for ETHUSD. Therefore, we have no reason to change our bearish bias and stick to our price targets at 1000 USD and 900 USD.
Illustration 1.01
Illustration 1.01 shows the CPI print and its effect on the price of Ethereum.
Technical analysis - daily time frame
Stochastic and RSI are bearish. MACD is neutral. DM+ and DM- perform whipsaws. Overall, the daily time frame is bearish; however, the trend is weak.
Illustration 1.02
The picture above shows simple support and resistance levels for ETHUSD.
Technical analysis - weekly time frame
RSI is neutral. Stochastic is bullish. MACD points to the upside but stays in the bearish zone. DM+ and DM- are 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.
#Ethereum Bulls Roaring, ETH May Rally above 0.088 BTCPast Performance of ETHBTC
ETH prices are relatively firm versus BTC when writing, per the formation in the daily chart. Overall, buyers are in control, and the immediate trend is northwards. From the ETHBTC candlestick arrangement, the immediate support is 0.075 BTC coinciding with around April 2022 highs, a critical reaction level.
#ETHBTC Technical Analysis
After attempts of lower lows earlier this week, ETH bulls flew back on September 13, rejecting attempts to push prices even lower. From the daily chart, traders can find loading opportunities on every attempt lower as long as prices are held above 0.075BTC or this week's lows. The immediate target will be September highs at 0.085 BTC for aggressive ETH bulls. Meanwhile, traders waiting for a clear trend definition can wait for a clean break above 0.085 BTC, at the back of rising trading volumes, to initiate longs and ride the primary trend and the bull breakout of early August 2022. In this case, the first bull target will be 0.088 BTC or 2021 highs.
What to Expect from #ETHBTC?
Pumped by fundamental factors, Ethereum buyers are in control and would likely rally above 0.085 BTC and register new all-time highs. On the reverse side, deeper and unexpected retracements below 0.075 BTC will shift the momentum to bears.
Resistance level to watch out for: 0.085 BTC
Support level to watch out for: 0.075 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum, ETH 2.0 in a few days! - Explosive bull market
Ethereum is now the leading cryptocurrency because everyone is anticipating the greatest event in the history of ETH and crypto in total.
Bitcoin's dominance is going down, which greatly favors Ethereum. This downtrend should continue until the end of the year.
It looks like the demand for ETH is now very high and may substantially increase over time before the merge begins.
On the daily chart, we have a new parallel ascending base channel that is defined by Wave (1) and Wave (2). There are always 2 versions of the channels - on the linear scale and on the LOG scale, which makes trading more difficult, but it is how it is. The channel on the log scale fits better because it includes previous swings as well.
As per my Elliott Wave analysis, an ABC correction (wave 2) has finished and we are already in a new third impulsive wave, which should be huge.
Ethereum 2.0 - The Bellatrix upgrade will activate on the Beacon Chain on September 6. This upgrade is responsible for setting the rest of the Merge process in motion. The Terminal Total Difficulty value triggering The Merge is expected between September 10-20, 2022.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Ethereum - Descending channel is breaking down! 33% crash soon?
Hmm, the situation is grave indeed. Maybe a change of plan is needed!
On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout.
This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third impulsive wave upward! As you can see, we started this uptrend with a nice impulsive wave.
Now the question is, where is the support? You can use the 0.618 FIB or POC of the previous structure to set a limit buy order if you are a bull for the next major wave to the upside.
But I am bearish and it's possible that we reach even lower prices like 880 USDT in the immediate short-term.
Because ETH is far more powerful than BTC , Bitcoin can fall dramatically while ETH only slightly.
I expect tremendous gains for GLM. You can find this altcoin in the related section down below.
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Inverse Cup and Handle Spotted on EthereumTBH Traders, Ethereum is not looking good right now from a technical standpoint:
#1 - Still haven't reached the target down area from the larger H&S pattern
#2 - Trend is still overall downward
#3 - Inverse Cup and Handle Pattern now formed
We are currently sitting on critical support which is also the neckline of the inverse C&H. If that breaks, target down area is at least $1000. Watch this closely!
Stew
Ethereum will fall hardRead the text carefully:
If we reach the red box that is 2100-2400 USDT, it is an excellent area for short position
In general, the path that Ethereum will follow for the coming months and weeks will be a deep and heavy fall towards $500-$350.
This drop is not specific to Ethereum and I think the entire crypto market will undergo a heavy correction.
For more analysis, please support so that the analysis continues. Thank you
ETHBTC Bearish Cross on MACDThis is yet another chart on the 3D time-frame, which time after time has proved to be reliable in catching medium-term price trends. This time on the ETHBTC pair, the 3D MACD just formed a Bearish Cross. As you see, since the June 06 2021 candle (so more than a year), every such formation (with the exception of August 20 2021) was a sell signal. I have pointed out key Support zones with the first one being around 0.06500.
Since the pair has been on a Channel Up patten since mid August and the price is now too close to its bottom (Higher Lows trend-line), it is worth attempting a tight SL buy but reverse to a sell if the price breaks below the Channel. On the longer-term, the Bearish Cross effect will be invalidated if the pair breaks above its 0.088640 Resistance (previous market High).
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ETHUSDT - Buy the Rumor, SELL the News📈Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
As you will see in all crypto news, there are countdowns everywhere to the Ethereum Merge. As of right now, we're standing on 1 days 15 hrs 45 mins . (Estimated based on difficulty and hash rate). What ever your personal beliefs are about this merge, is irrelevant. The only thing to remember, is this old trading saying : Buy the rumor, sell the news. We can already confirm this on the charts by spotting a failed breakout at support zone $1670 , after the bearish head and shoulders pattern. A trade setup can be taken if the daily closes UNDER resistance. A Long could be considered if the daily closes ABOVE resistance, but I'm leaning towards the short setup.
Here's my take on Bitcoin, and a free Chart Analysis masterclass in 7min on trendlines :
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ETH - RSI Target 65.46 / $2,500A little experiment as I'm keen to make the next the sell target on ETH more challenging.
Purley based on RSI my estimate is $2500.
- RSI target coincides with the retest of ascending resistance back end of March 2022 - Circled in Orange/tip of Bear Flag. Matching this level would not result in a similar price range but rather price at the resulting horizontal resistance - Red horizontal line
Overlaying a few other indicators the target checks out:
- The descending resistance line form 2021 coincides with this target - Yellow Dotted line
- There is the 200DMA running through - which ETH should break briefly
- ETH/BTC would be around 0.07 if the price target is reached which is effectively the retest of the ascending resistance
- Coincides with my BTC target of $41k
Assuming this is realised, from here I'll be short back on the final wave back to $1000 price range. This $2500 will form a significant resistance target to break when ETH revisits mid 2023.
Just and Idea.
Best, Hard Forky
BTC Long after 8 Months of Shorting
ETH/BTC Target - retest of ascending resistance
ETH Hard 15min Chart Bounce Into A Lambo Monday Run?ETH/USDT 15m chart John Wicked to 314ma and found support quickly at 200ma. Somebody hit sell hard, But ETH showed them it's Pimp Arm was strong and would not be dumped.
Wondering if Monday will see some ETH Lambo action. I have a buy in with tight stop. It it plays out my Lambo plate will be just "ETH"
Ethereum Tehnical Analysis Update#Ethereum Technical Analysis:-
$ETH currently trading around $1770
And 100% up from Bottom level.
What Next..?
There are 2 Scenarios so keep an eye on below Scenarios:-
Scenario 1:- Currently Trading around resistance level and another Resistance is $2000
If Failed to Break this Resistance then we can see again $1000 Level.
But
Scenario 2:- If price Break out with Good volume then we can see $$2600/$3500 Levels.
IMO small Pump before another Crash.
But If break $2000 level then We can see upward relly.
Support:- $1400/$1000
Resistance:- $2000/$2500/$3466/$4774
again and againHello, Bitcoin came exactly to 18600 and went up. Now it has reached 21800. How was my analysis?
My previous analysis was completely correct, 100% correct
I wish I could be seen. I understand everything with math
I see the market as a bull at the moment, but we will probably have a correction until 20500-19500 and then it will reach its first target, it may continue without correction.
ETHBTC- Ethereum Could be next to RiseWishes for a nice weekend to all.
Ethereum Merge / Countdown
4 days 18 hrs 23 mins
We have covered the upcoming merge for Ethereum on this post :https://www.tradingview.com/chart/ETHUSD/jgaIXsUs-ETHEREUM-The-Queen-s-HUGE-Crypto-move-the-Merge/
On this chart ETHBTC is clearly on support. I had told my close friends here that Bitcoin was better looking on Thursday and Ethereum could wait and this is what happened.
ETHBTC could rise 6 to 9% coming forward
At this stage: my focus is on Ethereum. Will post ethereum chart next.
One Love,
the FXPROFESSOR