ETH - Another Bull trend ahead? Hey guys, Julie here =D
Let's talk about Ethereum today:
ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now.
But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign.
We have some support levels near today's price, and I think that before ETH can go up again, it will test one of these regions (pink or blue line). If that happens, it would be a great time to buy (with good confirmation, of course).
I don't think it will trigger a downtrend, because on the weekly chart we have a nice uptrend, and the price is very close to the 21 EMA, so it is quite unlikely to fall.
I wouldn't buy ETH yet, I would rather wait to see if these regions will really act as support, and I would also wait for more positive candles, with a good confirmation, before buying.
So, to summarize:
I think it will fall a little bit more to the support levels, and then it will keep going up, because on the weekly chart we have a bull trend.
So that's it! Thank you for reading my analysis! I would really appreciate it if you would support me with your like and your subscription.
Bye bye, have a nice day! 😊👍
Ether
Breaking Down ETHUSD - Another ScenarioThis is a comparison of 2016 ETHUSD to 2020 and current ETHUSD
The 2016 daily chart shows a rising wedge or bullish wedge, leading to a massive increase
The 2020 can be seen to show some similarities such as the 0.382 fib, which is a point of resistance in both cases
I am doing my best to break down ETHUSD it is one of the more interesting charts to view, this is why I have posted multiple charts in the past, linked below. I really just thought this comparison was interesting.
This one below is particularly interesting
ETH and BLX - Can it be compared? An idea comparing two points on ETH and BTC
From these two points I have plotted the future of ETHUSD based on BTCs price print
The question is can it be compared
BTC seems like it has more real world applications, while ETH has more internet based applications (possible real world)
This chart does excite me regardless
I am long Ethereum
MY MINIMALIST CHART ANALYSIS FOR ETHEREUM$ETHER
WEEKLY CHART
12.07.21
0659H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
ON A WEEKLY : WAITING FOR RSI and FIB LEVEL OF SUPPORT for an ENTRY. Always important to use a weekly chart before going to a daily, as it will give you different information to analyze on.
(SEE. BELLOW DAILY CHART.)
We are now looking at a NEW ENTRY POINT in which the market has contracted significantly.
VITAL SIGNS: RSI, STOCH, and VOLUME are all looking good. We are waiting for the final accumulation and distribution and then the COILING of THE MARKET.
The previous SWING ended pretty well with amazing profitability.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb this NEW SWING.
Happy Trading Everyone!
INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time, depending on the dynamics of the market.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Vive Le Egalitarian!
ETHUSD cautiously buy the dipLooks like in BITSTAMP:ETHUSD a double top after a small build-up to the next ATH. However, take positions with caution as the international economic sentiment is quite fragile. There are many threats in the deep: Evergrande, Omicron, debt ceiling, inflation and the list goes on and on...
Plotting How ETHUSD May EvolveTrying to find another parallel channel that conforms to a bear market
The current trend that has formed, (lighter grey with middle dotted) Is going to be major parallel channel in the future I suspect
However if we do see a fall it will fall into the darker grey channel, which is slightly more horizontal
There are multiple support lines along this trendline if it were to form
A few potential patterns for ETHUSDI’m keeping this neutral until we see confirmation either up or down. These are the current trend lines in play on eth usd. We can see we have two potential bullish continuation triangle patterns: A potential symmetrical triangle and a potential ascending triangle. We also have a bearish rising wedge in play, with the possibility of two potential top trendline s to that rising wedge…the bottom trendline seems very defined at this point. As we have seen already multiple times in the bull market, sometimes we actually break upward from rising wedges in a bull market. So I have posted the measured move targets or if we break down from the wedge but also if we break up from the wedge as well. We are currently confirming the symmetrical triangle and ascending triangles top trendline s as support which is a win for the bulls as long as we maintain that support…however that will be much more likely to be sustained once we can overcome the two potential top trendlines of the wedge and flip them to support. or now I must remain neutral, for even though I am overall bullish on eth, btc and the majority of the crypto market…one black swan event could easily interrupt it with a bearish plummet in price action.
ETH UPDATE
CAN ETH SAVE ALTCOINS MARKET ?
On weekly chart
ETH still bullish (still above previous resistance and above long trendline )
ETH is the strongest coin in market now and work as an indicator for many altcoins
WHAT NEXT ?
If ETH stay like this …this mean altcoins can get recovery fast
If ETH lost uptrend line on this weekly chart ,whole market trend will turn into bearish for short/mid term
keep your eye on ETH
ETH long-term Uptrend, Dec 6ETH price is at the bottom of long-term uptrend channel (Ascending trend line)
21.6% of crypto market cap value belongs to Ethereum (ETH Dominance)
In best case scenario this is the bottom but if it breaks the trend line, it will be a bearish sign for whole market and also a sign of more correction
When it breaks the channel, ABC flat correction is my scenario.(In that case wave C will begin)
It's just a matter of time
ETH; copy-paste from MAY crash?Ethereum dipped along with overall market but quickly recovered some of the losses. It started a major decline after it broke the $4,250 support from falling wedge formation. ETH also broke the $3,960 support levels and traded as low as $3,327 intraday.
I expect some range trading on these levels, same as we have seen back in May and June. I marked the green area. In May crash, market needed 3 months to digest the wild move and start moving bullish again. I expect recent correction will take shorter time as we are already in deep Fear zone (16 according to Fear & Greed Index).
A clear move above the $4,250 and $4,350 levels could send the price further higher. Any more gains could lift the price towards the $4,650 resistance zone in the near term. On the other side, if ETH fails to start a fresh increase above the $4,250 level, it could start another decline to fill the gap from to the wick low. In the stated case, the price may perhaps decline towards the $3,550 level. The next major breakdown support is $3,960 on Daily chart.
Ethereum out performs BitcoinEthereum price performance on Saturday has been nothing short of spectacular. Considering that most of the altcoin market is down fifteen to twenty percent, Ethereum’s daily close of down only 4% is a testament to its strength.
Ethereum price, like the broader cryptocurrency market, suffered a massive flash-crash during the early midnight trading on Saturday.
17% losses at one point were measured.
Throughout the remainder of Saturday, buying pressure wiped out nearly all of the overnight losses.
Ethereum gonna flip bitcoin!!!?Hello cryptofolks
Ethereum is not following Bitcoin and it's not in bear market
We still looking for new ATH and who knows maybe gonna flip BTC in this cycle
It will be awesome by the way if it's not happens this cycle will be happen in next!
One time that Ether gas fees will be reduced , when ETH will be POS you will see how ETH will slam in the face of all bitcoin maxis
Technical indicators on daily/weekly/monthly all are still good
Monthly can get better based on the weekly action, so next weeks and this monthly close will be determining the future of Ethereum asset
I see a potential Adam$Eve double pattern reversal, Adam pattern create a cup and hand and the rest of details are in the chart all based on several Weekly fib lvls
-Goodluck
Fibonacci Waves / Weak Market Hypotheses
On the above chart I investigated the relationship and continuation of 'waves' within the Fibonacci Circle. Due to its incredible success, I decided to look over it again.
On this chart I show very comparable formations (formation 1) (formation 2)
Formation 1 is contained within 0.786, while formation 2 extends through the 1 level
Applying the same Logic with the continuation through 2.618, the bars pattern placed is price inverted from previous move through 2.618
The Weak (form) Market Hypothesis suggests " that today’s stock prices reflect all the data of past prices and that no form of technical analysis can be effectively utilized to aid investors in making trading decisions."
I find this interestingly applicable to this scenario, with repeated formations, in repeating fib levels.
ETH retest previous resistanceETH / USDT
In high time frames ETH is retesting previous strong resistance which acting as support now
We also have uptrend line still valid and not broken since march 2020 !
Price can drop more to test uptrend line no problem with that ,As long as we hold above these support levels we are simply bullish
Note1: ETH usually follow BTC
Note2: market turned from greed to fear which is a good sign for bulls
Best of wishes 🙏