Ethereum Analyze (Sensitive zone)❗️❗️❗️Ethereum is currently moving in a sensitive zone on my chart (Resistance zone).
We can imagine two scenarios for Ethereum.
🔆Scenario 1: Ethereum reacts to the SMA50(Daily Timeframe) like 3 times before and fails to break it, and moves towards the support zone again.
🔆Scenario 2: This time, Ethereum can break the SMA50(Daily Timeframe) and approach the Important Resistance line.
Which scenario do you think will happen ❗️❓
🔆Although good fundamental news for Ethereum these days, we hear blockchain transition from POW to POS.
In addition, ETHBTC is in good shape and is moving as I expected✅👇
Ethereum Analyze (ETHUSDT), Timeframe 4H⏰(Log scale).
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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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Ether
Ethereum Analyze (SMA50)!!!🪒🪒🪒Ethereum is running in the Resistance zone.
It is better to know that one of the important resistances of Ethereum these days is SMA 50 (Daily Timeframe), and as it is clear in the chart, every time Ethereum hits SMA50, it has started to fall.
I expect Ethereum to react to the SMA50 this time and fall to the Trend line(at least).
Ethereum Analyze ( ETHUSDT ), Timeframe 4H⏰(Log scale).
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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ETHEREUM -8/9/2022-• Sideways market dominating
• Critical fight between bulls and bears close to a turning point
• 1700 level has been very important since 2021, highlighted in green, acted as a major support several times
• Bulls need a clear break and successful closes above this level to turn the trend in their favor
• Second mission for the bulls is to break the red resistance line and close above it for consecutive days/weeks
• Two scenario in play:
• First, if the bulls manage to break and close above the red line, prices will continue to rise further
• Second, if the bears were able to dominate and defend the 1700 and the resistance line, Ethereum will suffer with additional losses
Ethereum looking strong? Ethereum
Intraday
We look to Buy at 1581 (stop at 1541)
Short term bias has turned positive. We look for a temporary move lower. We look to buy dips. 50 4hour EMA is at 1580.
Our profit targets will be 1678 and 1708
Resistance: 1700 / 1750 / 1800
Support: 1650 / 1600 / 1550
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum Analyze (Short term/Scenarios)!!!⏰Ethereum was able to move as I expected ✅👇
Ethereum passed the correction wave by double three corrections(WXY), and now I expect that Ethereum will go down at least until support zone (1), or if it breaks this zone, we can expect that it will close to support zone(2).
Ethereum Analyze ( ETHUSDT ), Timeframe 15min⏰.
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 #ETH Weak Structure Crypto markets are now mostly futures market. Saw mode is on. Everybody expect big move by the #ethereummerge but I say: BEWARE. Why?
#ETH shows weak structure. Twice shoulder head shoulder pattern is on the play.I highlighted them with orange circles. May be there will be a last fake pump to bait common investors but the structure is clearly bearish.
ETH will likely test critical supports and resistance. The resistance zone is the purple box, if a fake pump occurs ETH will surely test this zone. I highlighted the most important supports on the chart. ETH made retests recent days and took support in Jan 2021 from the blue line. The black line is ETH' s long term trend support. If ETH looses both supports, then we may more likely to see new lows. This is the strategy to avoid losses. We' re not in bull season, Crypto and stocks are correcting, nearly everything is correcting against US #dollar .And I think Elliott' s 5th wave of correction is on the play. We are more likely to see new lows in 7 months. Technical, primary and astro analyses show this period of time. The corrective mode will be on. Techically Elliott' s corrective wave is on the play and not invalidated. World is swimming in recession,energy crisis,cold and hot wars, pandemic etc. Mars will be in Gemini till end of march 2023.The first invalidation is: If ETH crosses 2000 #USDT and have few weekly closings on it. Then we may speak bullish scenarios. But now it' s time watch.
AT CryptoScan - ETHUSD Daily analysis for better understandingIn a previous AT CryptoScan post, Bitcoin was detailed on how it was actually bearish in nature. Since then, BTC has moved decisively downwards, and should continue to do so. This analysis is on Ethereum, using a simple(r) series of indicators that include MACD, HULL Moving Average, and TD Sequential, together with support and resistance ranges, on the ETHUSD daily chart.
The daily chart is marked from 2022 YTD.
The TD Sequential ranges are marked with a red box for the TD Buy Setup, and green box for the TD Sell Setup. Rules of the TD indicators can be found in Thomas Demark's masterpiece books, and a review version by Jason Perl.
At the end of 2021, ETH levelled off with a double top about 4900, and as 2022 started, ETH broke down below the HULL Moving average (89,5) . Then we observe the formation of the first TD Sequential (Buy Setup) in mid January. This was the start of the downtrend. The downtrend was challenged by two subsequent TD Sequential Sell Setup (end Jan-early Feb and mid-March), but the TD Sequential was still indicating the primary trend is a downtrend. This was further confirmed HULL MA failure in early April, which subsequently saw the next TD Sequential Buy Setup of a larger range in early May. This was not the main TD Seq Setup in force. Then this was super-ceded by a yet larger range TD Sequential Buy Setup. Thus mid June TD Seq Setup was the main downtrend indicator in force. The ceiling of the range formed a TDST (resistance/support) line that the opposing TD Seq Sell Setup needed to exceed.
Although the subsequent months saw ETHUSD rally from a low of 884 to 2029, there was never a completed TD Seq Sell Setup formed, even though prices broke above the TDST for a number of days. This was a clear bear rally.
And with the breakdown of the TDST just days ago, it was very clear that the bears are back to claim territory and supremacy.
The MACD all this time was indicative of the price movement and give insights into what just might happen, in alignmentt with the TD Sequential.
For example,
the MACD Signal line crossed under the zero line in late November 2021, indicating bearish tones.
the MACD crossed under the MACD Signal line just after the failure of the HULL MA in early April; but the MACD histograms were earlier indicating that this already imminent.
in July, the MACD was showing a rally in force as price broke out of a consolidation range ( dark box )
in August, the MACD was losing steam and crossed down the MACD Signal line just after breaking back down the TDST. The small white arrow is where I called and cleared the crypto portfolio (this is a personal choice), only to have cryptocurrencies tank just hours later.
So, in essence, it appears that ETHUSD (and presumably the other majors like BTC & friends) are turning south for a period. Downside targets are 1300 and 1000 respectively. Expecting a higher low in this process, then only can a robust TD Seq Sell Setup be formed that breaks and stays above the TDST (1834).
In the longer run, especially from November onwards, I see ETHUSD bouncing back stronger than ever... perhaps mid September during the "Merge", and perhaps some volatility till November for clearance.
I hope you enjoyed this analysis narrative!
Stay well and safe!
These Indicators align to project Ethereum revisiting 1KLooking at the Ethereum daily chart, hearing and reading about all the calls for a crypto bottom, one would get confused as to what is happening, might happen, and if we are missing out on a momentous time where it really is the very bottom. So, based on these, I took the time to pull out the Ethereum daily chart, decided to either put a bull case or a bear case scenario, whichever is more apparent, and set the scene. Then this scenario's validation or invalidation would be telling of where things are going - bull or bear.
The bear case prevailed as it was very apparent. Below is how it was constructed...
First group of indicators: the 200EMA, 55/2 Hull EHMA and trend change patterns.
See the orange 200EMA line, the red/green ribbon and the blue line marking out the tops and bottoms with the yellow resistance/support line.
Price has not been above the 200EMA since April 2022, and had actually crossed down and failed an attempt to breakout in mid August. The 200EMA is not leveling up nor poised to change (unlike early August).
Price is above the Hull EHMA but the ribbon turned red in the recent week. Now, if and when price falls below the ribbon, it would be really bearish. It failed an attempt to break down in the previous week, but there does not appear to be momentum nor strength to keep it up for much longer.
The trend change patterns are a series of either higher highs and higher lows or lower highs and lower lows, given that the second higher high, or second lower low would set the breakout or breakdown point respectively (yellow S/R line). In May 2022, it was a clear break down. In July 2022, it was a break up. Currently, a potential pattern is forming and the second lower low (support level) has been set. A break down of this level would be bearish, and as per May 2022 example, it could fall off a cliff (towards the last low for a start). Having said that, the MACD in this case a opposing (as compared to the previous two events). Not sure what to make out of this for now, but a spike in price would certainly clarify. The fact that the longer term histograms (in the background ) is slightly bearish, tells that a revisit to the last low is slightly more possible.
Second group of indicators: the TD Sequential
See the numbers above or below the candlesticks
Referencing and credits to Thomas Demark, side mention about Jason Perl who wrote a simplified and easier to read book of Thomas Demark's work.
In the TD Sequential indicator, there are specific rules, particularly one that specifies a TD Setup (a series of 9 candles) defines the support resistance lines for the opposing TD Setup to break and effect a trend change. In March 2022, it was a bull trend. Which was then broken in May 2022, where the TD Setup (red) broke down the TDST (red dotted line). This was indication that the trend is bearish. Another TD Setup was done in June 2022. There was no successful opposing TD Setup, and the price failed the breakout of the TDST in mid August, confirming that the trend in force currently is bearish.
Last indicator: Fibonacci retracement and projection
The Fibonacci retracement was set for the recent low in late August, from the recent high in early August. It is not by coincidence that the retracement was to the 61.8% level, and by Fibo projections, the downside target (161.8%) is 1006.
In addition, flipping to the weekly Ethereum chart actually points to a bearish trending environment. The next upper time frame is consulted to find fractal alignments, which always helps in objectivity.
A wider perspective might also to consider the overall global market condition. At this point, cryptocurrencies tend not to do well in the face of an equity market breakdown. So, the tendency of a equity market breakdown, cryptocurrencies are not steady enough (yet) to counter that trend. So, some alignment here is a coincidental downside is imminent.
Invalidating the Bear case...
1. A price spike up over 1718 invalidates the Fibonacci projection;
2. A price spike up over 1718 also invalidates the trend change pattern as a higher high is achieved. This should also push the MACD upwards in a crossover;
3. A price spike above 1844, and sustaining above that level with the start of a TD Setup would give an indication that a bull case is forming; and
4. A price break above the 200EMA and a higher high above 2036 would be a clear indication of a bull case in effect, with the last August low of 1424 converting into a higher low for a larger trend change pattern.
If and when these 4 conditions prevail, then a bull case is presumed, otherwise, the base bear case is default.
Watch the incoming week(s)... Wait for it.
PS. I hope that this analytical breakdown helps to show how prevailing base case models are formed, including the invalidation of the model. Have a good rest of the weekend, and a great week ahead!
Ethereum Analyze (Short term/Timeframe 15min)!!!⏰It seems that Ethereum can find the end of wave 5 near the important trend line and resistance zone.
I expect Ethereum to lose at least 3% of its value in the next hours.
Ethereum Analyze ( ETHUSDT ) Timeframe 15min⏰
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 at 61.8% fib?Ethereum
Intraday
We look to Sell at 1608 (stop at 1631)
Our short term bias remains negative. Selling continued from the 61.8% pullback level of 1607.04. There is scope for mild buying at the open but gains should be limited. We look for a temporary move higher. Preferred trade is to sell into rallies. Bearish divergence is expected to cap gains.
Our profit targets will be 1529 and 1501
Resistance: 1610 / 1700 / 1800
Support: 1529 / 1500 / 1450
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Jamie Gun2Head - Selling EthereumTrade Idea: Selling Ethereum
Reasoning: Price ran into a 61.8% fib level, bulls running out of momentum. Looking for selloff to be extended. Would ideally get in at a slightly higher level to help stop positioning
Entry Level: 1539
Take Profit Level: 1421
Stop Loss: 1576
Risk/Reward: 3.19:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Ethereum big MERGE drop soonHello everyone,
I expected to see one more leg up before the dump, but it didn't happen. As you see on the chart, we can see a similar fractal here and expect another ~-44% drop from here.
Also, September has not been a good month for crypto.
Please hit the boost button if you agree.
Thanks.
Ethereum still moving lower? Ethereum
Intraday
We look to Sell a break of 1519 (stop at 1561)
Our short term bias remains negative. A break of the recent low at 1520 should result in a further move lower. 1527 has been pivotal. We look for losses to be extended today.
Our profit targets will be 1421 and 1391
Resistance: 1600 / 1650 / 1700
Support: 1520 / 1440 / 1400
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
What stocks have ETH on their books ahead of The Merge? Ethereum's long-awaited “Merge” is expected to occur around Sept. 15, and is heralding fresh interest for the platform as it transitions to proof of stake from proof of work.
The Merge is considered as the most significant upgrade in Ethereum's history that is expected to reduce the platform's energy consumption by 99.95%.
Considering the benefits and the risks associated with the upgrade, a lot of cryptocurrency and stock investors are cautiously waiting its implementation.
The Benefits vs The Risks
The Merge will is expected to eliminate the need for energy-intensive mining and instead secures the network using staked Ether, the platform's signature currency and the second-most valuable digital asset after Bitcoin.
The process is tipped to pave the way for scaling upgrades and help solve Ethereum's biggest problems, which is the substantial fees required to use the network.
Unfortunately, along with the benefits come the dangers of proceeding with The Merge.
What Ethereum is attempting is a complicated process, which is probably why it has been delayed for years since it was unveiled more than eight years ago. Crypto venture investor Christopher Calicott said "any time you're making changes to a complex system, there must necessarily arise unintended consequences."
Chandler Guo, a crypto industry veteran who leads a group opposing The Merge noted that "it's very difficult. It's very dangerous." According to some crypto experts, a change of this scale could also make Ethereum vulnerable to hacks or other disruptions.
Public Interest
There are 12 public companies with Ethereum on their balance sheets, holding a combined 212,513 Ether.
However, most of these entities are not on major recognisable exchanges. The exceptions being Coinbase Global (NASDAQ: COIN), BTCS (NASDAQ: BTCS), Meitu (HKG: 1357), Galaxy Digital Holdings (TSE: GLXY), and Mogo (TSE: MOGO).
The remaining seven entities, which can be found in over-the-counter or smaller exchanges focused on promoting black-swan type firms, include: Neptune Digital Assets (CVE: NDA), Ether Capital (OTCMKTS: DTSRF), HIVE Blockchain Technologies (CVE: HIVE), BIGG Digital Assets (CNSX: BIGG), Digihost Technology (CVE: DGHI), FRMO (OTCMKTS: FRMO) and Cypherpunk Holdings (CNSX: HODL).
Considering the scale of The Merge, it could either make or break some of these small cap companies, as well as retail users of one of Ethereum. Failure of the upgrade could imperil thousands of crypto applications that operate using Ethereum, which collectively handle more than $50 billion user funds.
Because the process is surrounded in much uncertainty, a lot of the predictions for what will happen once the upgrade is started are rooted from speculations. Regardless of the result, The Merge brings about plenty of attention to Ethereum and some traders are expecting the lead-up to the upgrade will see Ether prices rise in the short-term to between $1,850 to $2,000, Blockworks reported.
Ether has already outperformed bitcoin in the past few weeks due to hype surrounding the upgrade. The number two crypto is up around 47% over a 50-day period to about $1,500 on spot markets, while bitcoin remains relatively flat, trading near $20,000.
Ethereum - Panic creeps back into the marketThroughout July and August, we warned that the bounce in the cryptocurrency market, which many rushed to call a trend reversal, was a bear market rally doomed to fail. Then, on 16th August 2022, we gave an ultimate warning to investors as we speculated the top was in for the rally, and a 50% decline was looming.
Since then, the price of Ethereum has fallen an astounding 25%, and we have seen more confirmations of our bearish thesis. Because of that, we continue to be bearish in the short, medium, and long term. Indeed, we think the selloff will accelerate in the foreseeable future, leading to panic selling and subsequently to new lows over time.
Our views are based upon technical indicators that flash strong warning signs across the board and low liquidity in the market. However, fundamental factors also significantly contribute to our bearish opinion. Repeatedly, higher interest rates, quantitative tightening, and a slowing economy pose a great threat to the stock market and the cryptocurrency market.
Accordingly, we stick to our price target of 1 000 USD per Ethereum. However, we would like to set also a second price target for ETHUSD at 900 USD.
Illustration 1.01
The picture shows the daily chart of Ethereum and two moving averages, 20-day SMA and 50-day SMA. On 24th July 2022, these averages underwent mean reversion, signifying a powerful downtrend correction. We would like these averages to reverse into a bearish constellation to give us further bearish confirmation.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.02
The illustration shows two bearish breakouts that confirmed our thesis in the past two weeks. Interestingly, these developments are identical to those on the chart of BTCUSD.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Illustration 1.03
Illustration 1.03 shows simple support and resistance levels derived from peaks and troughs.
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.
short trem#Demand_analysis of ETH currency 4H time The liquidity price has accumulated before the round range and has reached its consumption range, and based on the Dominance analysis of Tether and Bitcoin, if this range is touched, it can be entered in the pullback to sell the position and other different ranges have also been determined. Keep an eye on it, if the trigger time is low, you can buy it 🌹💙
Ethereum Analyze (Short term/Timeframe 15min)!!!⏰Ethereum completed the main wave 4 by Ending Diagonal Pattern and I expect that Ethereum can go down to my trend line.
Ethereum Analyze ( ETHUSDT ) Timeframe 15min⏰(Log Scale)
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.