Ether
ETH - Daily Signals are BearishEthereum - Intraday - We look to Sell a break of 2479 (stop at 2551)
Daily signals are bearish. A break of the recent low at 2484 should result in a further move lower. Bespoke support is located at 2500. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 2311 and 2261
Resistance: 2680 / 2800 / 2900
Support: 2500 / 2400 / 2300
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 TA 6 MARCH 2022ETH is currently trading at some resistance level 2642. ETH is still looking bearish just like BTC and I expect it to go down to 2400 level in the coming week. For trading on this movement pay close attention to BTC price as ETH will follow the price of bitcoin. Always use proper risk management and trade at support and resistance levels, don't trade inbetween support and resistance levels.
ETHUSD Alternate Bear ViewPerhaps I have been looking at ETHUSD wrong so far, and have been dismissing the bear calls. We may have already seen the top. As suggested by this chart.
Similarities on the MACD can be correlated to points in ETHUSD's history
The last time we saw a sharp dive on the MACD like this was at the end of the last bull run
Bears will control the market if the MACD fails to make a successful bull cross on this weekly timeframe
A bull view
ETHUSD Critical AreaETHUSD Is at a critical price point, this has been seen as a line of support using this indicator in the past
If it repeats and bounces off bullishly, we will be seeing some big moves coming up
The MACD shows similar inverse H&S structures, in the rectangles are the seen and expected move for the MACD's future.
ETHUSD Backwards Falling WedgeEthereum can be seen to be forming a large wedge structure, in which looked at in a reverse fashion a sharp breakout can be seen upon the ending of the 'falling wedge'
This breakout was a 134% increase from its bottom
This bottom is a crucial point in the evolution in price, providing the first bottom for the double bottom structure
I say price must be higher for this backwards falling wedge to exist because a falling wedge like this would only occur if price was in a descending fashion (when looked at backwards)
There is still room for ETHUSD to go way higher
Check out my God Candle idea above
Ethereum God Candle March An idea for ETHUSD , with the previous extension to 4K and then retrace, this creates a massive zone for price to rise
The current March candle is positioned perfectly above the support level (dotted line)
I have reason to believe we will see a big run, for both Bitcoin and Ethereum . This isn't the end of the run.
Ethereum Break Ahead?Ethereum - Intraday - We look to Buy a break of 3051 (stop at 2978)
Trend line resistance is located at 3000. Trading close to the psychological 3000 level. A break of the recent high at 3050 should result in a further move higher. Short term momentum is bullish.
Our profit targets will be 3248 and 3298
Resistance: 3000 / 3050 / 3200
Support: 2880 / 2830 / 2750
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 is bullish!ETH/USDT
1W/2D Charts
ETH also formed a high volume bottom after tapping into weekly demand and a supply to demand flip zone on the daily with nice pin bar rejection wicks on both the initial tap and on the formation of the HL the has changed the market dynamics and structure to bullish. Looking for price to put in a new HH to confirm it further for confluence but overall it looks solid here.
Weekly and daily supply level and the high failed to take out the low so therefore the high becomes targeted with the expectation of a new HH.
Weekly still in bullish swing formation with a HH and HL swing points as price remains in an upwards channel in the lower bounds. From a HTF perspective it can also be said the weekly swing high failed to take out the swing low so the swing high now becomes the target.
RSI breakout with bullish divergence and money flow on market cipher coming back into market with small trigger wave giving long signal. MACD on weekly converging showing signs of strength.
Lots of good indications of bullish momentum coming into the market here and a bottom may have formed.
ETH Melt up?Just using the fractal nature of the market, using a fractal from 20th February - 13th May on last years price action and overlaying it on the most recent price action it looks pretty similar in the formation of the HH and HL before a big melt up. Only an illustration to show a possible outcome.
Ethereum Ready to Break LowerEthereum - Intraday - We look to Sell a break of 2549 (stop at 2616)
Daily signals are bearish. Price action is forming a bearish flag which has a bias to break to the downside. A break of yesterdays low would confirm bearish momentum. Short term momentum is bearish.
Our profit targets will be 2369 and 2309
Resistance: 2650 / 2700 / 2750
Support: 2600 / 2550 / 2500
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 Dominance Pivot Point0.618 can be seen as a pivot point, prior rejection at this level, even though a bounce was seen at the 50MA
Now price is at the 50MA and above this pivot point level, the dominance is likely going to bounce again (as seen previously) off the 50MA and push Ethereum's dominance higher.
This aligns with my current stance on ETHUSD
Using another indicator ETHUSD Using this indicator called "McDonalds" We can see how ETH has touched for the second time along this curved "parabolic" trend
It is a nice buy signal.
Points labelled 1,2 are comparable points to what we are seeing now except on a much larger scale
Last leg of bull for ETH imo
ETHEREUM BACK TO THE RESISTANCE.Welcome members to this ETH update.
If you had followed my previous ETH update then you have witnessed how perfectly ETH bounce back from the support level. ETH so far is doing great and it is back to the same resistance level. If ETH manages to break this level then we can expect some higher rally towards $3400 or even higher. RSI continues to show some good momentum which is good for ETH.
Now, all we need is a break out from this current resistance.
What do you feel about the current ETH price?
Let me know your ideas in the comments below.
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Thank you.