Ethereum is holding his trendline.. for now!Good Morning friends :)
Today we take a look at ETHUSD.
The current formation is verry critical. Bitcoin is in a verry dangerous position too right now and if we lose our trendlines, we could see some nasty dumbs in the market.
I safe my profit for now, until we build a higher high.
Fundamentally Ethereum is verry strong right now. the whole NFT thing is all around the internet right now. But if everybody is making money with something the bubble is about to pop.
Remember the time BTC hits new ath and everybody is fomo in it.
From time to time, the rich people take profit and buy low again.
Always have the liquidty to do so.
Have a nice day :)
See you in the next one
Ether
ETH - two scenarios ❗❗Ethereum is locally in a range. If price breaks through and tests the lower boundary of the range as resistance, the next target will be the local low, under which the bullish stop-losses are located. Also, the price could break the upper boundary and test it as support, if that happens, the next target would be the upper marked area.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
The fractal everyone is talking about ETHUSDClear similarities both in price action and in MACD setups
Ethereum right now has a strong bottom setup and will likely hodl this bottom, leading to the bull part of this scenario with the ~200% increase
I have seen versions of this across twitter and Facebook and thought I would address it for my followers
I aim to exit mid next year at by then 8k or higher
ETHEREUM | Getting Ready for Another Bullish Wave..!!#ETH (update)
In $USDT Pair, Broadening Wedge Formation in 8h timeframe.
Expecting Bullish Wave towards the $4200 🐳
In $BTC Pair, Forming Falling Wedge Pattern in 4h timeframe.
In Case of Wedge Breakout, Expecting Another +12% Bullish Wave
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Ethereum (ETH) Not Ready for The UpsideETH / USD ANALYSIS
The Ethereum price has been able to establish the $3352 region as a strong support zone . Every drop here has been faced with aggressive buying pressure. Therefore, if it sustains above the 9-day moving average, it could potentially start to navigate back to its resistance between the $3400 and $3500 resistance levels. If the buying pressure evaporates around $3100, it could see Ethereum incur some heavy downwards momentum that sends it to the supports at $3000, $2800, and $2600.
In the meantime, it is important to note that all these losses that the coin has suffered have fundamentally changed the structure of the cryptocurrency market. Traders are to note that ETH/USD in the short term could be positioned to see a significant downside effect. Buyers should be on the lookout for $3800, $4000, and $4200 as a target to watch and a strong bullish reaction at this level is vital for Ethereum to maintain its medium-term outlook while the Relative Strength Index (14) is seen moving below 55-level.
Against Bitcoin , we can see that Ethereum is clearly bearish . Meanwhile, as the price falls, the sellers are posing an additional threat for buyers to reach the support level of 7315 SAT where the nearest target is located. However, an eventual break below the 21-day moving average may cause Ethereum to collapse.
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Ethereum Making Inverse Cup and Handle PatternAfter a Solid Mini Bull Run Ethereum failed to break its All Time High.
Now After Huge Dip of BTC, Ethereum couldnt stand and even dipping more.
Ethereum also showing Cup and Handle which if plays out with an target of 2544. Which could be a great Shorting opportunity in a upcoming Bear Market.
Keeping in Mind that Ethereum has very good support at 2750.
Good Luck.
Ethereum forming inverse Cup and HandleEthereum Forming inverse Cup and handle with a Target of 2600 But ethereum has Good Support at 2750 So it could stablize at 2750 if this old fashioned Pattern Plays Out. EMA also given Sell Signal on 4hr so it mostly looks like will play out.
This also relate to BTC price action if btc as predicted can touch 37000 then surely ethereum can visit 2750.
Good shorting Opportunity awaits
ETH potential patternHi everyone,
Today I would like to bring your attention to the possible pattern on ETH.
Take this as you will, but I think where we are now is eerily similar to 5th of September 2017.
Both in 2017 and recently we had a rising wedge consolidation with a massive blow off top forming after breaking up from the wedge.
The blow off then retested the bottom of that wedge as support, bounced and retested the ATH. After the retest of ATH we get a sharp correction and a test of formed bottom.
ATM we haven't yet tested the double bottom that was formed at $2400, and really there is no way of knowing whether ETH will get there. But if ETH does get to $2400-2600 range and holds that as support, I think there's a good chance ETH will target $10k and maybe more.
See the image below for the pattern in September 2017.
Please do leave a comment below,
Thanks.
Warning signs... ETH signalling more downside?The signs were starting to develop, but yesterday really brought the picture into clearer focus:
- ETH daily showing downside potential with RSI divergence to price
- MACD (longer MA settings) starting to cross down
My daily stop-and-reverse system has gotten me out of everything. So sitting on the side lines until things change:
P.S. This is marked as a short idea, but I never actually go short, just bearish for now. #LongOnly
ETHEREUM - DEAD CAT BOUNCE OR MANIPULATION EVENT?What if this “dead cat bounce” leads to a macro manipulation event that continues the ongoing uptrend? With the current market conditions, it would be highly likely to face these type of scenarios before recovering.
We could expect the price to bounce off the current levels or near the psychological $3k level. This situation would create a macro OB that would be tested to liquidate lured breakout buyers, gathering liquidity and giving rise to the expected move.
What are your thoughts on this one? Let me know!
ETH 2021 vs ETH 2017 As mentioned in the last idea, ETH was following both the BTC & ETH 2017 fractals.
I was betting on the BTC fractal which would put the cycle top around 20k+.
However, that fractal is broken and ETH continues to follow its 2017 fractal, which puts the cycle top around 13k.
Expecting ETH to go much lower from here.
Cycle top anywhere between December 2021 and February 2022.
Off course it won't follow the fractal perfectly, but for now, the 2017 ETH fractal holds and it shows more downside before anything else.
Would not want to hold any ALTS in this period either.
If we continue to follow 2017, BTC Will take over the lead and ALTS will lag behind for a while.
ETH 1D What is more real: a growth of $6400 or a fall of $1100?A month has passed since the publication of the previous global idea for ETH
Then we recommended covering longs in the region of $3000-3300
The price twice tried to enter this zone, first it was $2910, then $2891, and then a strong drain again into the current liquidity zone.
Now it seems like another wave of growth in the ETHUSDT pair is being prepared , but there are several conditions, let's list them:
1) The price should consolidate above the liquid zone of $2,150, and then above $3,000
2) Only after the ETHUSD price confidently breaks through the $3550 mark will the path open for updating the maximum, possibly even up to $6400 for Ethereum.
3) If the price of ETHUSDT now begins to consolidate below $1700 or later below $3000, this will be a notification that buyers are weak, and it is better to leave the longs, because the price may fall into the lower liquid zone of $1100-1400
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Expected Rally in ETHXBT Towards 0.0795Trend Analysis
The main view of this trade idea is on the 15-Min Chart. The crypto cross Ethereum/Bitcoin (ETHXBT) has been in a symmetrical triangle setup over the last couple of days, with the security recently breaking above the resistance line. This break higher is expected to continue with ETHXBT rallying towards 0.0795. This target was derived from taking the length between the top of the resistance line and the bottom of the support trend line.
Technical Indicators
This bullish sentiment is supported by the fact that ETHXBT is currently trading above its short (50-SMA) and long (200-SMA) moving averages. Also the Awesome Oscillator (AO) is positive and bullish. A close below the 200-SMA would as well as the AO trading below 0 will negate the bullishness of this note.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 0.074 price level with a target of 0.0795. This produces a risk reward ratio of 1.52.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
ETHEREUM - MOMENTS BEFORE DISASTER ‼️Reversal sellers are getting squeezed by retail trend following activity. We may face a breakout in the coming days, that will lure more retail sellers into the market just to liquidate them above the $4k psychological level and perform our desired movement.
It’s important to have in mind that ETH is overvalued against Bitcoin in the short term. If Bitcoin doesn’t make a new movement alone (without inducing purchases in the overall market), our bias will be reinforced. Ethereum is not prepared yet to have such market dominance.