2 overlapping 4hr chart bullish patterns on ethusdWe can see a bit of a pump in price action on the 4hr chart for ether here. It appears to be breaking above the neckline of an inverse head and shoulders pattern(in yellow). Of course many times these patterns do not trigger their breakout on the first break above the neckline but rather dip back below it and wait until the 2nd or sometimes even 3rd break back above the neckline before confirming the breakout. Always a chance though this one could confirm on the first candle break above the neckline so its always wise to prepare for all possibilities. If it does indeed trigger the breakout of this 4hr inverse h&s pattern, the measured move target should carry price action above the neckline of a slightly larger double bottom pattern (in green). We’re this to happen, it could very well then flip that green neckline from resistance to support upon retesting it, thus triggering a double bottom breakout next which would take us to the green price target. Of course it could also trigger the breakout of the double bottom without retesting the green neckline, or it could break back below the green neckline and not actually trigger the double bottom breakout until the 2nd or even 3rd time above the green neckline (just like with the yellow inv h&s neckline)If I remember to be open to all of these possibilities, await for confirmation, and then make my move I’m sure I will play these 2 patterns wisely. We must also remember that a fakeout of the double bottom pattern or both patterns is also a possibility as well. The resistances/supports, price candles, and volume candles, should clue us into into which one of these possibilities will be the ultimate outcome soon enough *not financial advice*
Ether
#Ethereum - Thoughts out loud #7Good afternoon, dear colleagues!
I am glad to welcome everyone who wants to familiarize themselves with my vision of the current situation on this instrument.
Is such a deal possible, what do you think? Leave your opinion in the comments.
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".
ETH Weekly Forecast 30 Jan - 3 Feb 2023 ETH Weekly Forecast 30 Jan - 3 Feb 2023
Based on the data from DVOL, we can see that currently the IV for this week is at 58.03%, down from 64.38% last week.
This can be translated in +/- 8.05% movement from the open of the candle, which makes the next top/bot channel
TOP: 1777
BOT: 1513
The probability to break this channel(aka the close of the weekly is going to end up either above/below this channel) is at 65%(60% since 2022)
From the technical rating analysis point of view we can deduct the next information:
Currently there is a :
63% to touch the previous weekly high
25% to touch the previous weekly low
At the same time if we are going to take a look at the moving average rating for different timeframes we can see :
4H Timeframe: -40% Bearish Trend
D Timeframe: +66% Bullish Trend
W Timeframe: -26% Bearish Trend
Lastly on average, based on the current percentile, we can expect that our asset is going to move:
9.2% from the open candle for the bullish scenario
10.5% from the open candle for the bearish scenario
ETH USDT BINANCEETH ranging from 2000-800.
Sell around 2000 level.
ETH following Bitcoin rally.
Plus FOMO and retail we could have a relief rally then correct heavy for one last true bottom near 800.
These are just my opinions and isn't financial advice.
DYOR
Thanks Like Comment Follow for more ideas.
Ethereum to extend it's loses?Ethereum - 24h expiry - We look to Sell a break of 1508 (stop at 1551)
Short term momentum is bearish.
Short term bias has turned negative.
A break of the recent low at 1519 should result in a further move lower.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 1401 and 1381
Resistance: 1560 / 1585 / 1600
Support: 1520 / 1500 / 1450
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ETH ETHEREUM 4 HOUR CHART Price Analysis Hello! Here's my eye on Ethereum on the 4-hour chart.
ETH MUST hold the support zone #1 if It wants to go up
IF ETH loses Support ZONE #1 and the current trendline, It will most likely go DOWN and test SUPPORT ZONE #2 1374-1437.
IF ETH can hold this SUPPORT ZONE It will go back up and test the top end of RESISTANCE ZONE#1 1607.
From here the next Resistance zone target would be around the 1669 LVL Then 1713 LVL from here.
I'm Neither Bullish nor Bearish on this COIN. Just showing some possibilities on the outcome of ETH in my opinion in the next coming days!
Please Comment or Like if you enjoyed this guys :)
Have an amazing day!
ETHUSD - Inverted ChartLooking at the inverted chart for ETHUSD we can see a structure forming at the top of the channel
This structure will likely be rejected (indicated by red line) and price will push further deeper into the channel.
I'm using BTC's 2017 bull run template for the bars pattern as I think the recovery will be parabolic.
ETHEREUM -23/1/2023-• Symmetrical triangle breakout on daily chart
• Breakout is successful since we had consecutive daily closes above it
• Market is trading above the 200 MA , adding to the bullish picture
• Breakout target is the height of the triangle (1270) added to the breakout point
• Target is around 2700
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH Short Term RallyRecently, Ethereum broke through the downtrend that started in August and above the 200 day MA.
I think we're going to see some price consolidation and sideways action happen in the next few weeks before a next major move up or down.
In the short term, ETH will most likely rally and I see $1650 and $2000 as likely points of resistance.
ETCUSDTBreaking Descending Channel In daily Timeframe
Rsi Printed Bulish divergence macd Crossover Also confirming Bulls Strength
Incase Of Breakout Expecting Massive Bounce (Keep In Mind Entry Will Be Only Valid After Confirmed Breakout)
Stoploss Can Be Placed Below Recent Low Its An Idea Not Financial Advice Dyor Before taking Any Action
Ethereum Will Fall FurtherThe market sentiment on Web3, DeFi and Ethereum I believe is overly optimistic.
I believe that slower and lower growth expectations have not been priced in yet.
Recent FTX revelations have dampened investor's sentiment further.
Next year we'll likely see economic recessions around the world.
Given no clear catalyst to the upside, I expect prices to continue to fall until market sentiment bottoms.
The next few months will likely present good buying opportunities for those looking to gain long-term exposure to ETH and Web3.
Technicals:
Ethereum has bounced down after hitting the 200 Daily MA.
Support at $880 and $490.
Ethereumm just hit the white descending channel target!Target Hit! You can see here the measured move (dotted white line) taken from the point of the breakout from the white descending channel. Been watching it since November, but it finally hit its target with exact precision! Hard to tell if it will cool off much now or continue to climb…the pink rising channel has a measured move slightly higher than this and it looks like it has broken up from the rising channel too which is never a good signal for bears if a bearish pattern breaks upward. *not financial advice*
ETH/USD 12H Targets — January 8th, 2023Looking at the 12-hour chart of Ethereum, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see ETH is still in its accumulation zone and gearing to breakout to $1287 and beyond.
This move will play out to TP1 & above marked:
🎯 $1,287
🎯 $1,347
Ethereum trade is invalidated with a candle close below $1,221 as we would look to reposition this play.
Attached to this chart are my previous 2 ideas on Ethereum.
As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
ETH/USD: Ether bulls eye $1500 after breakoutEther has risen to above $1400 this week, to reach its best level since early November. The recovery has coincided with other financial markets. In recent months, investors have been selling the dollar and piling into Chinese and European equities in particular. The ongoing optimism has lifted FTSE to its highest level since Aug 2018, as European indices continue to outperform their US counterparts.
Following another drop in US CPI on Thursday, investors have become even more confident that inflation has peaked and that the Fed and other central banks will stop their hiking soon. The peak inflation narrative was supported further by the University of Michigan’s closely watched inflation survey. This showed that consumers’ 1-year inflation expectations have now fallen to their lowest since April 2021. Surveyed consumers also reported an improvement in sentiment.
Investor sentiment has also been boosted by China re-opening its economy, which is why we continue to see the China A50, and other Chinese indices, push higher.
Until the dollar bottoms out or there’s another bearish macro stimulus, the path of least resistance would remain to the upside for cryptos and other risk assets in general. Thanks to the recent bullish price action, Bitcoin has risen well above $19K for first time since mid-December. Ether has risen to $1.4K, its best level since early November.
At the time of writing, ETH/USD was holding above its 200-day average after its breakout from its recent consolidation above $1350. For as long as any dips back to $1350 holds, the path of least resistance would remain to the upside. A move towards $1500 looks increasingly likely next.
By Fawad Razaqzada on behalf of FOREX.com
Ethereum Multi time frames 🔵1 h chart 🔴4 h chart 🟢daily chartEthereum Multi time frames
🔵1 h chart - nice volume pump after recent decrease
🔴4 h chart - ETH above important $1,269 between EMA50 and SMA200
🟢daily chart - EMA50 next daily resistance - possible next bullish signal 🚨👀
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Ethereum Analyze(⬆️Up⬆️ or ⬇️Down⬇️)❗️❓In order to know what situation Ethereum can have in the coming days, I recommend you follow this post and analysis.
Ethereum has reached its heavy resistance zone in the daily time frame, while it has hit the important downtrend lines and SMA 200 (Daily TF) at the same time, and if you look closely at the chart, you will notice that the last time this happened, Ethereum experienced a sharp drop.
Since there is a possibility that Bitcoin will fall in the coming days, Ethereum cannot escape from this fall either. (Read the post below to learn more about Bitcoin analysis👇)
Now let's see if Bitcoin will fall, Ethereum will experience more fall or not❗️❓
🔆To answer the above question, better refer to the ETHBTC chart.👇
As you can see, ETH/BTC is close to the resistance zone and based on the Elliott wave theory, ETH/BTC is expected to be bearish for at least a month.
As a result, if Bitcoin falls, Ethereum will experience a greater fall, and if the cryptocurrency market rises, Ethereum will see a smaller share of the market growth.
❗️ Note ❗️: if Ethereum goes up over $1440, Ethereum can 🚀pump🚀 at least to $1680 or maybe more.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum - thoughts in hearing #1BINANCE:ETHUSDT
Good afternoon, colleagues!
I continue to think about this tool. There is no opportunity to describe the situation for a long time and I will give a more detailed opinion on Monday.
And for this period of time, if the instrument shows weakness in the range of 1261 - 1277, we can consider a scenario with a price decrease. In any case, we will see an impulse in one direction.
Thank you for your attention, I wish you success!
P.S.
All key prices are reflected by markers on the price scale...
Ethereum vs "Ethereum killer" who will rise in 2023The past 2022 was difficult and painful for all cryptocurrencies. But there were cryptocurrencies that depreciated by -60% per year, and there were those whose value decreased by -99.9999%
In 2022, the Ethereum team and community held The Merge (we think everyone who is interested in ETH knows about the main changes that have taken place)
Despite the statements of skeptics, Ether confidently took second place in the crypto world. From the volatility trading pair ETHUSDT, whose price grew rapidly in 2020-2021, ETHUSD is increasingly turning into an "index" that other cryptocurrencies are guided by.
Ethereum's buyers are confidently buying back Eth in t he important liquidity zone of $1000-1250 and have not allowed the price to fall below for more than six months.
This is a good sign that ETHUSDT price may grow maybe not very sharply, but steadily in the future.
On the chart, we have schematically depicted the possible route of ETHUSD price growth until the beginning of spring 2023 to the $1800 region
We described the possible general route of the crypto market price movement in 2023 in more detail in this idea:
Separately, We would also like to touch on the topic of "Ethereum killers". For some reason, marketers of various crypto projects that have been launched on the market in recent years have fallen in love with this narrative.
Someone said that Ethereum transactions were slow, someone said that the transaction cost was expensive, and someone said that the blockchain had a low capacity... etc. And every new project had to "bury Ethereum" in its problems.
But as the table below shows, each potential "Ethereum killer" for 2022 lost in value and capitalization proportionally much more than ETH itself
By the way, for each coin on the list, we wrote an analysis and our vision of the possible price movement. You can easily find what you are interested in using the search.
Write in the comments what you expect from Ethereum in 2023, and maybe we forgot to add some "Ethereum killer" to such an important list)
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