Ethereum - Correction of the downtrend is due to endEthereum has been trading sideways since 13th May 2022; we believe that the flat price action indicates a downtrend correction, which aligns with the price retracement toward its 20-day simple moving average. Our view is also supported by declining volume across hourly and daily time frames. Fundamental factors also point to more downside as more hiking in the U.S. and economic tightening are set to worsen market conditions. As a result, we expect the stock market to drag risk assets lower, which applies to Ethereum, Bitcoin, and other cryptocurrencies. We forecast an eventual breakdown of ETHUSD and new lows to be formed. At the moment, we would like to set new price targets for ETHUSD at 1900 USD and 1800 USD.
Illustration 1.01
Illustration 1.01 shows ETHUSD on the daily chart. The yellow arrow hints at the price retracement towards its 20-day SMA. The red arrow shows a sharp decline in volume over the past three days (the third day is still being observed).
Technical analysis - daily time frame
RSI, MACD, and Stochastic are pointing upwards, which is bullish. However, MACD remains in the bearish zone. Additionally, we expect the eventual failure of RSI and Stochastic to move higher. DM+ and DM- continue to show bearish conditions in the market. The ADX shows a recent drop, which is reflected in the current correction. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. The ADX increases, which hints at a strenghtening bearish trend of a higher degree. Overall, the weekly time frame is 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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ether
ETHER FRACTAL/CYCLE STUDYReviewing Ether's cycle, it contracts and expands but follows the same peaks and valleys. The notable characteristic here is the spring action it takes in the purple box. This spring can be understood in wyckoffian terms as the shakeout which is followed by a sign of strength and a mark-up.
Ethereum Rangebound? Ethereum
Intraday - We look to Buy at 1911 (stop at 1858)
We look to buy dips. 1901 has been pivotal. We are trading at oversold extremes.
Our profit targets will be 2048 and 2088
Resistance: 2000 / 2080 / 2160
Support: 1900 / 1800 / 1700
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.
ETHUSD Daily Updated Thoughts 5/23/22Price has almost reached the 2.618 level of a major Fibonacci circle area
As price reaches this level within the apparent downtrend, a breakdown may ensue vertically along the blue circle
After this event a prompt recover will follow, and this is when I believe the bulls will return in force.
Trend line drawn horizontally against 2.618 shows a double bottom formation which further emphasizes a bull rejection
Other patterns on the chart include a Rising Wedge which shows a clear top point
Price (bars pattern) placed around the 2.618 area are just estimations, the main takeaway is a recovery at 2.618.
Daily chart
I am long Ethereum
#ETH/USDT 30M UPDATE BY CRYPTOSANDERS !!Hello, dear traders welcome you to this ETH/USDT 30M chart analysis.
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.
Ethereum is trading below the liquidity level in the support area.
The price is testing the light green zone and the 30m time frame.
The decline occurred on a rise in volume and a correction when volume fell.
I expect the price to test the upper limit of the channel.
Remember:-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.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
Ethereum comeback?Ethereum
Intraday - We look to Buy at 1731 (stop at 1669)
1700 has been pivotal. 1730 has been pivotal. 1717 has been pivotal. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 1898 and 1948
Resistance: 2080 / 2140 / 2200
Support: 1950 / 1850 / 1700
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 Etherium I am going to start a DCA situation on ETH. If it somehow reclaims the 50 and 100 moving on the daily ill go in with a large percent. I think we are 3-5 months MAX away from an uptrend which is what i am trying to catch, could be way sooner so am starting to scale in today. RSI got probably indicates 3 months of ranging.
All bull runs in ETHEREUM started with a double bottom. IMPORTANT: I'm not saying that this scenario will be the same. As a trader, I consider my job, to find objective patterns in historical data, and define if those patterns are happening right now so I can create a trading setup before that situation is happening. IF the situation is not evolving as expected, I must try to avoid opening positions on the market, and in case I do open positions on the market and the situation goes against me, is also my job to cut losses and protect my capital. With all that said, let's start with today's post.
The title of today's post is "All bull runs in ETHEREUM started with a double bottom" . To see if that's true, let's take a look at the logarithmic chart.
There we can see 3 clear bullish waves , but now we will focus on the conditions before that happened.
The conclusion that I can make is that is a consistent pattern, to observing double bottoms before new bull runs, and that's the same scenario that is happening right now.
Does that mean that we will observe the same resolution?
Let me write the answer in capital letters: NO IT DOESNT MEAN THAT . Remember that nobody knows what the price will do next, so my objective with the 2nd part of this post is: In case the price evolves in the same way. How can I trade that? and IF the price does not evolve in the same way. How can I avoid entering the market?
Let's start with the 2nd part of the post: Possible Setups.
So, what I did was go through all the situations that were defined before, and I created a template for the setup I'm planning to take. It looks like this:
It's composed of 4 filters:
1) We need to observe a double bottom
2) We need to observe the most relevant trendline of the current broken.
3) We need to observe a correction that retraces around 0.38% of the previous impulse
4)IF that happens, I will set pending orders on a new local high, stop loss below the end of the correction, and as a minimum target, I will define the previous ATH zone.
The risk I will be using on this setup is 3% of my trading capital on the stop loss. It's very important to say that I don't care what the price will do next. I'm sure that if the filters that I have defined before happen, I will trade, otherwise, I will not develop new positions.
I hope this post was useful, feel free to share your view and charts in the comments! It's always great to have a positive discussion about ideas. Long life, to the tradingview community :D
Jamie Gun2Head Trade: Selling Ethereum Trade Idea: Selling Ethereum on a bearish flag pattern
Reasoning: bulls struggling to regain control, a break coming?
Entry Level: 2026
Take Profit Level: 1783
Stop Loss: 2166
Risk/Reward: 2.7R
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.
Ether head and shoulders activated on monthly log scale!So Ether has dropped a lot from its record, around 60% last I saw. Classical TA suggests we may be nowhere close to where this bear market ends.
So, the ominous head and shoulders top got activated with the recent drop. The measured objective suggests a drop below $1000. Should it happen? Of course not. Will it happen? We don't know. But after looking at a few hundred thousand charts, two things have become very clear. One is that never say never (anyone remembers oil going -ve?); two, don't miss the forest for the trees. Long term pattern targets have an uncanny ability to achieve their nearly "impossible" targets. Once you accept the truth rather than the dismissing it, navigating the markets will become relatively easy and nothing will seem "out of the world". At the least not very regularly.
Coming back to Ether, I noticed that the market at its record peak was nowhere close to the top of the rising channel -- see how the final move to the record couldn't even get past the median channel line. That, along with the fact that the right shoulder had comparatively lower amplitude relative to the left shoulder was a big red flag. Remember that weakness in the prevailing trend begets a very strong move in the opposite direction, once the reversal kicks off.
Oh and before I forget, the 38.2% Fibonacci level almost always gets tested regardless of degree, both within strong bull and strong bear markets. Uncannily enough, that's very close to the H&S objective.
Good luck to us all.
ETH/USD Daily Neutral BearishETH/USD Daily neutral with a bearish bias. Bounce Watch + weak Head and Shoulders formation from March 2021 playing out . Recommended ratio: 45% ETH, 55% cash. Price is currently testing the 50/50 uptrend line from February 2017 ($2100) as resistance after bouncing from $1941 support. Volume is low and has been shrinking for three consecutive sessions while favoring buyers; this shrinkage paired with the Bear Flag being formed by Price after the bounce from $1941 is mildly bearish. Parabolic SAR flips bullish at $2172, this is bullish in the short term. RSI is currently trending up at 34.92 after bouncing from the uptrend line from 01/22/22 (25.64) and is on the verge of testing 36.91 resistance. Stochastic remains bullish for a third session and is currently trending up at 33 as it is still technically testing 23 resistance. MACD remains bearish and is trending up slightly at -245 as it approaches a bullish crossover (would need to cross -203). ADX is currently trending up slightly at 45 as it appears to be forming a peak while Price is attempting to reclaim support at the 50/50 trendline; this is currently neutral. If Price is able to close above $2100 for a second consecutive session, then it will imply that the 50/50 uptrend line from February 2017 is still intact and would support a move to retest $2408 minor resistance. However, if Price breaks back down here, then it will likely retest $1941 support before potentially making a move lower. Mental Stop Loss: (one more close above) $2125.
*Sunday Scaries watch... Sundays and Mondays are notorious for Bull Trap set ups, so please be vigilant!*
**This is a critical support for both Ethereum and Bitcoin... if Ethereum loses $2000, it will likely visit $1400 and potentially lower... and if Bitcoin loses $30k, it will likely visit $20k and potentially lower**
ETHEREUM - Happy to post a LONG after 184 Days!! YES! FINALLY A LONG POSITION FOR ETHEREUM BY FxProfessor!
Perhaps I had waited for this moment longer than any of my followers (a lot of them argued with me consistently).
As i explained before, given that i felt safer and better with Bitcoin Long positions at every corner, Ethereum (the soon to be contested number 2) had to act as a hedging mechanism.
Until now, we are LONG again (and we hope to be right)
Previously:
Nothing against Ethereum. Respect and Love but i think Bitcoin is One category on it'sown whereas Ethereum has competitiors (Ada, Solana etc etc)
One Love,
the FXPROFESSOR
ETHUSD - Head and Shoulder Formations An idea exploring a repeating or comparable Head and Shoulders formation
The white rectangle is the comparable place in price
I don't think a moon shot as big as the 2016 will follow, simply because of the age of ETH compared to 2016
Growth will resume although.
ETHUSD - MACD Double BottomCurrently the MACD on ETHUSD is well below 0. This needs to be corrected.
A double bottom formation both on price but more evident on the MACD indicator will lead to a recovery in price and also the MACD . The Monthly MACD is well above 0, and does not fit with this current Weekly state.
Jamie Gun2Head - Steve copied my crypto short Trade Idea: Sell ETHUSD
Reasoning: Shooting star on hourly chart - 50 EMA resistance
Entry Level: 2395
Take Profit Level: 2278
Stop Loss: 2242
Risk/Reward: 2.49R
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.
BTC range retest. Consolidation is key.While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit.
Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is.
My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower levels, and maybe even fill the cma gap at 24k.
THIS IS MIGHT BE OUR TIME TO BUY. 24K/28K IS GOLDEN AREA.
If we are still trading in the range, a bounce should be expected with a long consolidation back to 35k levels.
If we are no longer in a range, keep your stop losses tight and your risk management in order.
ETHUSD 💵💵💵😊💵💵💵ETHUSD seems to be moving in the same pattern as BTCUSD.
So far we are in a correction of wave (1) and we're expecting bears to be in control all the way down to wave 2. Then bulls will definitely get on board to ride the all the way up to wave 3..
Please, don't miss the next coming bulls move, as this will the longest bulls move after wave 2 correction is completed.
Remember this , Bulls need more gas to take control of wave 3.
Wishing you all the best...💵💵💵😊💵💵💵
#ETH/USDT 2HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT 2Hr chart update.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:-
ETH/USDT support is $2512,$2455,$2366.
and resistance is $2621.
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thank you.