Ether
UNI primeUNI is prime for a move up, 4 h and daily timeframe starting to look oversold. Local HnS formed. Waiting for the breakout of the HnS and the descending wedge.
The most interesting part of UNI price action is the volume of the last few bars. The volume was extremely high which suggest sellers are locally exhausted, they tried to push the prices lower without succeeding creating an imbalance of supply and demand.
I am expecting higher prices with the targets highlighted in the chart.
Also, this high volume is on strong support, which reinforces its strength and the bullishness of the signs.
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ETH explosionAre you ready for ETH? 3,2,1...
Not much to explain here. Volume expanding close to the resistance. 3800 next stop. It has been ranging in a rectangle for a month-ish, I was waiting for this. Watch the altcoins guys as we are going to have some good movers.
Remember to look at BTC, as it can drag things down so be careful, use stop losses.
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$ETH vs $BTCPublished this way back around 1400$ on twitter, but ETH is still following the BTC 2017 fractal.
Off course the moves won't be the exact same, especially with black swan events like COVID, but I tried to illustrate this as simple as possible.
What I'm expecting next:
- 6k in September
- 4k retest in October
- 10k in November
- 20k+ in February at the end of the bull market
The numbers are a very vague estimate, but I believe ETH will continue to surprise everyone and simply follow 2017 BTC's path.
FA checks out as well, but ETH staking/burning rising on a daily basis, NFT market booming, Metaverse on the up and coming.
When ETH 2.0 is released fully, and everyone will get to dump their staked ETH, is when I expect ETH to crash hard. (this should be in Q1/Q2 2022 ethereum.org).
ETH/USD $5,000 Price TargetAfter the local high in May was formed at $4,300 , ETH came crashing all the way down to $1,700 - $2,000 to where it formed a double bottom pattern signaling a trend reversal. From this point, ETH did not stop gaining for 13 days, which made me a little suspicious that we we're going to dump leading into the EIP-1559 on August 5th. However, it broke out of the downtrend and now we are going to make higher highs.
Looking at the daily time frame of Ethereum we can see that the resistance at $3,800 turned support and we bounced off of there and just underneath $4,000 overnight. $4,000 is the next level which is the key psychological level we need to break in order to keep moving up. After that, there isn't too much resistance between $4,000 - $5,000 and that will happen faster than the gain from $3,000 - $4,000.
My next take profit 🎯 levels are:
TP1 🎯 $4161
TP2 🎯 $4339
TP3 🎯 $4933 (3.618 Fib)
ETH (test ATH or pullback )ETH / USDT
We succeeded to predict last bullish movement from 3200$/3300$ to 3800$ in last ideas (around 20% gains)
📌 WHAT NEXT ...
I watch price action here
as ETH try to hold around key resistance 3800$ and BTC is around 50k + usually September months in past had some corrections like 10-15% for BTC after bullish August
I don't say history must repeat but i suggest to decrease fomo and start to take profits partially while we around ATH specially for short term traders because big volatility expected soon
📌 SUMMARY :
–If bulls prove them here ...expected next movement to around 4000$ up to 4400$ (ATH)
–If weak price action ...retracement to 3300$ is expected
– short term traders start take profits
Best of wishes 🙏
ETH big move soon ETH / USDT
Ethereum still accumulating just below resistance
The market didnt choose the direction yet
However,
📌 there are some signs which favor bullish movement more :
1– ETH / BTC is breaking out
2– Dominance of BTC is breaking down
3– long accumulatine below resistance against USD.. usually end in upward breaking out
All this signs will favor the bullish movement
Invalidation of this idea : lose of 2900$-2800$ (current support) by daily candle closure
Note : 3350$ is very strong resistance ..this is just early prediction ...make sure you do yourown
Hope my ideas help you in trading
Best of wishes 🙏
ETH followed my plan.. what are next targetsETH / USDT
Ethereum just followed my plan which i shared 2 days ago in 30 August
Finally succeeded to break the accumulation range as expected
📌 WHAT ARE NEXT TARGETS ?
If bulls hold the current support @ 3300$
next stop should be 3800$-4000$-4400$ (alittle lower or little higher)
📌 CAN ETH MAKE NEW ATH ?
well i like to take profits partially along the way and its still early to know that .
but after ETH broke 0.61% Fibonacci at 3350$..
Now it has the possibility to hit new ATH more than any time before
Things always can change so be ready for all scenarios
Best of luck 🙏
ETHEREUM is Now the KEY Chart for the Crypto Market 🗝️🎬ETHEREUM is approaching it's Key level *previous major level (resistance/support/resistance).
Unlike most of the times that we look at BTC to make analysis and prognosis for the market, at this stage ETHEREUM is the one chart that decides if we will have a Bullish or Bearish next couple of days.
If the price can breach over this level the chances of a second-leg Bull run are ON for good!
If the price fails at this resistance it might drop harsh to re-visit the unchecked level at 2871$
Get your pop-corn today and stick on Ethereum price
One Love,
the FXPROFESSOR