ETH major descending triangle ETH / USDT
ETH is forming a giant descending triangle and right now Price is testing important key zone of 1300-1250$
What Next ?
1- if bears break 1200$ it’s likely to continue the dump to 1000$-800$ levels and there we have a chance for a double bottom
2- if bulls save current key level .. we will have another minor pump to test 1600$ (major trendline resistance) Before dumping again
Important Note : there is no real bull rally below the major trendline (violet color in my chart ) any thing below it is a bear’s territory
ETHBTC
Ethereum (ETH) - September 19Hello?
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(ETH.D 1D chart)
ETH needs to rise above 18.54 to sustain its uptrend.
If not, ETH is likely to plummet.
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(ETHUSDT 1W Chart)
The key is whether you can break out of the medium-term downtrend channel.
If it declines as it is, it is necessary to check whether it is supported in the 924.52-1196.81 section.
(1D chart)
It is necessary to check whether it can be supported near 1340.12.
Otherwise, it is expected to decline to around 1196.81.
RSI and Stoch RSI indicators have entered the oversold zone.
Also, the CCI (9) fell below the -100 point, and the CCI line fell below the EMA line.
So, if the price holds at the point where it is located, it is expected to rise in the next period of volatility.
Therefore, if it moves sideways around 1340.12 and breaks out of the oversold zone, it is expected to rise after September 26th.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ETH USDT daily broke support and looking at $1262 support next?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 it broke down thru support.
If it cant move up to and close above$1405 mark,
the supports are listed. and looking to drop around
$1,262 area
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.
ETH Ethereum heavy coin inflow into exchangesNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
ETH/USDT short
Entry Range: $1400 - 1500
Take Profit 1: $1365
Take Profit 2: $1220
Take Profit 3: $1065
Stop Loss: $1715
ETH daily chart, yes it bounced bullish, check it outETH 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.
Ethereum support 1460 and 0.5 FibSupport at 1460 or 0/5 fib start from the June strait of the price down and is a strong level.
If the support is broken, then the next target is 1280-1340 or 0.61 fib
confuses only one moment
If you look at the chart of eth / btc, the target for eth against bitcoin is 0.68 and 0.63, which is 0.5 and 0.61 fib.
And whether it will be through the fall of the ether, as it was yesterday by 10% against bitcoin, or bitcoin will finally start to grow faster than the rest of the market, time will tell
Long is still in priority
So far, we keep a positive view on the situation and expect it below 1000 not earlier than December.
#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 subjected to the bearish onslaught, as the token fell below $1,600 the day before the anticipated start of The Merge event.
Less than 24 hours after hitting a high of $1,637.05, the world’s second-largest cryptocurrency dropped to a bottom of $1,446.03 on Wednesday.
The drop in ETH/USD sees the token hit its lowest point in the last week, taking it close to a long-term floor of $1,550.
Bulls have so far resisted a breakout below this point, with many choosing to reenter and buy the current dip.
As of writing, Ethereum is trading at $1,475.08, with bulls likely hoping to take prices back above $1,600.
Many still expect that ETH will rally in upcoming days, remaining optimistic about tomorrow’s Merge, and the long-term implications it could have.
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.
Thank you
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.
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.
For more analysis, hit "Like" and "Follow"!
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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