ETH.USDT (Y21.P6.E3.v2).Macro targetHi All,
This is a continuation of the previous chart, link provided below.
Looking at BTC, its last 2 of its 2 ATH occurred in December and with ETH, January. The odds are that December will occur for BTC and ETH in January, if history repeats itself.
Using the fib time extension tool along with other metrics, this chart also shows ETH previous ATH might repeat itself in January as well..
Looking at this chart below, I use the logarithmic fib channel to find confluence with my macro fib extensions with wave 4 to 5 in the medium space.
From a BIG Macro, we are still doing wave 3, very much like BTC, completing wave 3 for its ATH.
Below I have also some additional charts so support my thesis.
I would love to come back to this early next year and see how these tools matched my forecast.
All the best,
S.SAri
Ether
ETHUSD Analysis An analysis of the channel that has formed on the 4Hr chart for the ETHUSD pair
Price has moved cleanly through a point of resistance with ease, suggesting further bullish momentum and potentially breaking of the channel
ETH is a great pick for a long
The bars pattern is very speculative
Heres a longer timeframe / more detailed chart
Ether These are levels that I'll be keeping an eye on when dealing with $ETHUSD, and I'll revise as price action progresses.
I adapt to the change in money flow.
I'm enjoying this bullish momentum, but I am anticipating a pullback in order for price action to reach new heights. I would like to see the upper range breached followed by a temporary bearish downturn right into the continuation.
Ethereum Takes a Shib - OFAC Sanctions - Virtual Currency Sanctions for Fraudsters. Epic. Beware the rising rates environment. The crypto killer. Seems complacency was the #blackswan this go around.
*valuation matters. PONZI POGS BUST.
#defi #failarmy ABUNDANT. AVOID THE FOMO!!!
Ethereum is just as great at under $100. I promise. LMAO.
Show me the SPENDABLE #CBDC ALREADY!!! WAHOOOOOO.
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ETH.USDT (Y21.P6.E3).Macro targetHi All,
The chart and onchain data suggests there is more demand with ETH over BTC for the short term .
We have consolidation under major resistance with the ABCDE count - micro broadening wedge maybe?
Here are my targets based on structure and Fibonacci levels.
Al the best,
S.SAri
Observing a new trend line for EthereumA new trend line has shown itself after forming for the last few weeks.
First, we hit this zone as a resistance level and broke down.
Second, we entered a discovery period where we tested to see if it would break as the resistance which it did.
Here, we are testing it as a support and simultaneously creating a symmetrical triangle. (bullish sign)
While of course there is also a lot of panic in the markets right now and the possibility of a further drawdown here being very real, I personally do not see that happening. The RSI has been reset, we tested the SMA ribbon, and we are strongly holding this support today. I am for this reason buying.
ETHUSDT - Ethereum trade opportunitiesLike Bitcoin, Ethereum bounces several times from long term support trend line and can be considered as a bottom. The Stoch RSI is oversold. It gives us new long position opportunities.
Previous ETHUSD short position was closed with success.
TP1: 3100$
TP2: 3800-4000$
TP3: 5000$
Stop loss: 1800$
Have fun!
Ethereum Price Loses 10% To Trade Below $4,000• Ethereum price is trading in the red within the confines of an ascending channel parallel channel.
• Ethereum price could be at risk of a 20% decline toward the lower boundary of the prevailing chart pattern if a key level fails to hold.
• Key support is at $3,900 where the lower boundary of the rising channel emerges as a foothold for ETH price.
Ethereum price tanks below $4,000 as a projected correction took hold of the crypto market early on Wednesday morning.
Data from CoinMarketCap showed that ETH/USD dropped by as much as 10% from a high of about $4,392 on October 26 to an intra-day low of $3,928 on Wednesday October 27, but remained within the confines of a rising channel.
The move follows multiple retests of $4,000 with Ethereum now taking liquidity with signs of excess greed and leverage in the market.
The largest altcoin by market capitalisation was trading at $3,999 on most crypto exchanges at the time of writing, representing a 4.47% drop over the last 24 hours. It is down 4% over the last 7 days.
Ethereum Price Still Bullish In An Ascending Channel
Ethereum price is trading within the confines of an ascending parallel channel on the daily chart and it may avoid further losses if it avoids tanking outside the pattern.
The governing chart pattern dictates a bullish bias on ETH/USD, suggesting the possibility of the smart contracts token climbing higher and what is currently being experienced could just be a healthy correction.
However, it is important to note that ETH price is holding onto he last line of defense at the $3,900 psychological level embraced by the lower boundary of the rising channel.
Failing to hold above the said support level could spell doom for Ethereum which would be susceptible to further losses, dropping towards the $3,800 support level, then towards the 50-day Simple Moving Average (SMA) at $3,490, 100-day SMA at $3,238 before eventually tagging the lower boundary of the rising channel at $3,200.
On the upside, ETH price remains bullish if it continues to hold within the confines of the ascending parallel channel. A closure above the $4,000 psychological level could see Ethereum bulls face resistance immediately at the middle boundary of the governing chart pattern at $4,260. An additional hurdle may appear at the $4,300 psychological level.
The bulls may need to be patient for a rally upwards, as ETH price may face further resistance at the October 26 high around $4,392, then the October 21 high at $4,410, before confronting the upper boundary of the rising channel at $4,632.
Until then, the MACD and the RSI Indicators show that ETH correction may continue in the near term.
ROBOTRADER ETH Buy on Breakout, hold for 24hrs, 10% gainChart says it all. Robotrader immediate timeframe on breakout to ATH. Ride it hard for at least a quick 10% gain. Will check in what the charts tell us then. It might be violent. Please strap yourselves in. ETH inventory is decreasing at an alarming rate. Smelly men in with black hats and cigars will tempt you to redeem your ETH for incredible interest rates. Do like the whales, research cold storage and leave the SHARK TANK.
ETH #ETH Ethereum Log Chart $24K incoming?This is a monthly chart on a Log scale for Etherum for three cycles. I included in Fibonacci patterns as well as taking into account days. Drop in a comment and I will surely give you my feedback. I am unsure if it is all too possible but $24K ETH to USD seems to be coming soon. Something is brewing for sure. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice.
ETHBTC indication of BTC conversion to ETHSpot holding assets like BTC and ETH and other ALTs do not change for this Idea. This idea is only applicable for trade account trade tactic.
Risk Reward for buying ETH for BTC during this descending triangle makes little sense for me. I will wait for a clear pierce upward the resistance line.
Good day,
Fleeangel
Ethusd Appears 2b confirming bullish breakout of Bullpennant andAlso confirming the bullish breakout of its triple bottom! The dotted green line shows us our bull pennant measured move target and the dotted grey line takes us to the breakout target of the triple bottom. In, reaching our triple bottom breakout target it should very likely confirm the breakout of the bullish pennant as well and continue to send ethereal to new all time highs. *not inancial advice*
ETHUSDT Next Target $10,000 ?ETHUSDT Technical Analysis Update
ETHUSDT currently trading at $4100
Major resistance trend line breakout in day chart. price can consolidate at 4000- 4400 level before making new ATH.
Long Entry level: $3900 - $4100
TP 1 : $5000
TP 2 : $6000
TP 3 : $7500
TP 4: $10,000
Stop loss: $3000
Max leverage : 2x or buy it on spot market
Ethusdt 3940.00$ up or down ?hello freinds
After hitting the resistance area and forming a load and confirmation signal
We may have a correction to $ 3685
And even up to the price of 3400
This correction occurs when the support of the 3850 price area is broken
If bitcoin at the time of correction
Good luck
ETHERETH registered a 1.44% fall over the last 24 hours and became trading at $4116, at press time. This charge become well above its immediately help stage that stood at $3641. The four-hour chart depicted a bullish trendline, asserting the bullish price motion in recent times. However, key technicals pointed toward reducing buying strength.