ETHUSD - Bull Faith Update 2 Using this channel indicator a clear comparison can be made between the two periods, forming a kind of a H&S pattern with the channel itself
The ending of the pattern includes a steep fall which we have just experienced on ETH
The reversal will be sharp if this is the bottom as it was in the first scenario
Above is the bull faith 1 analysis
Ether
Ethereum - Short term bullish, long term bearishOver the weekend, Ethereum reached our price target and plunged to a new low at 879.80 USD. Similarly to Bitcoin, we are no longer bearish on Ethereum. In all honesty, we are unsure where it is headed next. Although we think the rally might continue a little bit further. Despite that, negative fundamental factors remain in place. The FED is expected to raise interest rates next month and put more pressure on the overall economy. As a result, we speculate that the bottom was not set in for ETHUSD. Therefore, we will monitor the price action closely. At the moment, we abstain from setting a price target for ETHUSD.
Technical analysis - daily time frame
RSI reversed from the oversold zone, hinting at the price bounce. MACD flattens, which is bullish. Stochastic remains bearish. DM+ and DM- are bearish. Overall, the daily time frame is less bearish than a week ago; indeed, we think it suggests the possibility of another “bear market rally”.
Illustration 1.01
Here is the triangle pattern we showed in our previous ideas. We stated that we expected the breakout to the downside. The breakout took place, and Ethereum fell by more than 48%. The declining volume hints at decreasing selling pressure.
Technical analysis - weekly time frame
RSI is oversold. Stochastic and MACD are bearish. DM+ and DM- are also bearish. Overall, the weekly time frame remains 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: lower prices incomingEthereum
Intraday
We look to Sell at 1157 (stop at 1201)
Short term bias has turned negative. Previous support at 1200 now becomes resistance. 1193 has been pivotal. 50 4hour EMA is at 1152. Preferred trade is to sell into rallies.
Our profit targets will be 1052 and 1022
Resistance: 1050 / 1100 / 1150
Support: 1000 / 950 / 880
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.
Buying dips on EthereumEthereum
Intraday
We look to Buy at 1191 (stop at 1144)
Short term bias has turned positive. 50 4hour EMA is at 1186. Previous resistance at 1150 now becomes support. We look for a temporary move lower.
Our profit targets will be 1308 and 1348
Resistance: 1280 / 1400 / 1500
Support: 1200 / 1150 / 1100
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.
Ether recovery helps crypto revisit US$1 trillion market cap Ether and Bitcoin reached their highest levels in 10 days on Sunday (June 26) as the market showed some signs of stabilisation. The No. 2 cryptocurrency advanced as much as 5.8 per cent to US$1,279.06 on Sunday (June 26) before pulling back on Monday.
The rally comes after the token dropped as low as US$880.70 on June 18. It appears to have found support around its 200-week moving average, which currently sits near US$1,200.
No. 1 Bitcoin topped out on Sunday at US$21,860, after having fallen as low as US$17,742.83 on June 19. It hovered around US$21,000 on Monday, bringing overall crypto market capitalisation just below US$1 trillion, accordin to CoinMarketCap. Bitcoin represents more than 40 per cent of the crypto market's value.
Ethereum Bearish ContinuationETH is in the peak of a bearish continuation after the heavy drop to sub-1k levels.
Invalidated with a close/hold above that 1281 level, but not bad R:R if this plays out.
I see a lot of bullish sentiment on my timeline with this recovery off the lows, but IMO it is not close to over yet. Macroeconomic environment is still horrible.
ETHUSD Lowest RSI Point Ever ETHUSD has shown an interesting RSI, it is at its lowest point ever
The previous comparable lowest point was the bottom of the bear market, using this we can infer that the bear market will end close to the 200MA in yellow
Whats interesting is the prior bear market lasted a very long time compared to the one we have recently seen
Ethereum: things aren't getting betterEthereum
Intraday
We look to Sell at 1239 (stop at 1291)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. Bespoke resistance is located at 1250.
Our profit targets will be 1111 and 1081
Resistance: 1170 / 1250 / 1300
Support: 1100 / 1050 / 1000
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.
ETH Will Rebound - 2400$ IS the NEXT TargetI usually make long-term predictions with solid technical analysis. I have posted after a long time. Sorry for that.
This is just a short analysis chart for ETH. Try to understand the chart with the help of Swing high candles. I will post more.
If you have any questions, then ask in the comments section.
Ethereum: gains are still capped Ethereum
Intraday
We look to Sell at 1248 (stop at 1301)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. Bespoke resistance is located at 1250.
Our profit targets will be 1121 and 1081
Resistance: 1100 / 1170 / 1250
Support: 1050 / 1000 / 950
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 - ETHUSD eyes the 1 000 USD price tagOver the weekend, Ethereum broke below the lower bound of the rectangle pattern and passed right through our price targets towards a new low of 1176.70 USD. Despite ETHUSD going far below our price targets, we still maintain a bearish stance on it. As a result, we would like to set a price target for ETHUSD to 1000 USD.
Fundamental factors
During the current week, we expect the FOMC to impact ETHUSD negatively. That is due to higher interest rates and economic tightening. In addition, we also foresee the upcoming cryptocurrency market regulation as very detrimental to the sector.
Illustration 1.01
The picture shows a bearish breakout from the descending triangle.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is very bearish.
Illustration 1.02
A volume tells a story of increasing selling pressure; similarly, like in the case of BTCUSD.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is very 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.
It is UH-OH timeBitcoin we have to give credit where credit is due has been strong from the October 2020 time to around October the following year, but now in my opinion BTC and the Crypto market is general is under threat, VIX is rising and this means Volatility and Ill confidence is brewing, Stocks are beginning to fall from their almighty Post-Covid rallies, XAU is falling from highs and the major currencies are being obliterated, meanwhile we are seeing crazy strength brewing in the USD$, so right now Bitcoin is making a bear flag and last weeks candle to me signifies expect more downwards pressure. The real question is if everything else is crashing and volatility is rising will some of the big time investors start unloading? What we can use is the March 2020 spike in the DXY index, this caused stocks to crash very hard and Bitcoin fell to around $4k-$5k, DXY is now above this level! and to be honest with you I expect a major crash in Cryptos and It may start very soon.
ETH daily is within 14% of 2018 RSI bottom, take a look!ETH daily chart:
On the daily the RSI has another 14% to drop
to the bottom from 2018.
if this chart repeats, this is the area it would drop
to which was also a previous high in the past.
Lets see if the daily falls into that bottoming zone.
also the DeMark 9 indicator is charting we are near
the bottom as well.
ETHUSD - Bull Faith UpdateEthereum has undergone some extreme downsides in the past weeks
I'm comparing in this analysis these downsides to a previous price structure on ETH, they are similar just on a little bit different scale
Both are broadening wedges, and have shown to form as the 200MA is curling down
Will we see another up wave like was seen in 2017? Will it be comparable in future?
ETHUSD $286Hello traders please make sure to LIKE and FOLLOW for more content! Thanks
Above i illustrated my prediction for where i believe ETHUSD will reach a bottom
for spot holders they will likely disagree i have believed this will play out for a few
months now and as ETHUSD is nearing a break of $1000 i believe the capitulation flood
gates will open up! I am short till $286 then will go into a heavy long position from there.
Updated chort soon! Thanks guys
Ethereum - its not done yet Ethereum
Intraday - We look to Sell at 1257 (stop at 1301)
We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. 20 4hour EMA is at 1261.
Our profit targets will be 1141 and 1101
Resistance: 1170 / 1250 / 1300
Support: 1080 / 1000 / 900
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 long position 🚀Hello 🐋
based on the chart, the price is close to important support area and the channel support ✔️
if
the price do not break the channel support to the downside, we will see brief gain to the upside at least close to the red trend line 🚀
otherwise
we can see more correction ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Ethereum - Some relief? Ethereum
Intraday
We look to Buy a break of 1291 (stop at 1229)
We are trading at oversold extremes. A higher correction is expected. Bullish divergence is expected to support prices. A break of the recent high at 1282 should result in a further move higher.
Our profit targets will be 1438 and 1488
Resistance: 1300 / 1400 / 1500
Support: 1200 / 1100 / 1000
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