ETHUSD LongQuick pop back up to the golden pocket.
Good news from the Nasdaq in regards to earnings, we could see a small recovery across the entire tech sector going into the end of the week, this would bleed into crypto.
Ethereum-bitcoin
#Bitcoin Maintain Lead over ETH, Critical Support at 0.072 BTCPast Performance of ETHBTC
ETHBTC remains within a sideways movement following a bear breakout formation on April 18. Technically, BTC bulls have the upper, a development that may spark more capital inflow, especially in a dicey crypto market. With ETHBTC boxed below0.075 BTC and ranging below the middle BB, the path of least resistance could be southwards in the medium term.
ETHBTC Technical Analysis
#BTC buyers have the lead at spot rates. Despite #ETH retaining the edge from a top-down analysis, the bear breakout formation of April 18 and the inability of ETH bulls to drive prices above 0.075 BTC even after the bull bar of April 22 skewed price action for BTC. Therefore, considering the formation in the daily chart, traders may wait until there is a conclusive, high volume breakout above 0.075 BTC and, on a conservative end, 0.076 BTC, before loading the dip. Meanwhile, BTC could take charge and shape the immediate term trajectory if there is a close below 0.072 BTC. In that latter's case, ETHBTC may drop to 0.070 BTC in a retracement from April 2022 peaks.
What to Expect from ETHBTC?
In a risk-on crypto market state, BTC may benefit as a safe haven. Therefore, in light of this fact, ETHBTC has critical support at 0.072 BTC. A close above the middle BB could be the launching pad for more ETH gains in the medium to long term.
Resistance level to watch out for: 0.075 BTC
Support level to watch out for: 0.072 BTC
[ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH/BTC : PRICE READY TO GROW AFTER REBOUND | LONG SETUP Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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ETHBTCI think it's complete 5 waves and it will have correction to complete wave B of D, so after that it will grows to up.
$ETHBTC 4HR Descending Triangle*see $ETHBTC 1D Breaking Point*
$ETHBTC looks to be in accumulation zone that is getting weaker by the day. Bick wicks on both the buy and seel side tells me indecisiveness, but the LHs and the LLs tell me bears are winning.
RSI trending under the 14MA, bit more bearish than bull there.
#btcstarburst To Early To Call The Bounce?So on the 15th on March we were in the exact same spot… The market has definitely made a move. Going back to see dramatic movement on days in multiples of 5 we definitely could see a major shift here… Could this be an opportunity for a long, hmmmm… DCA safely ( there are many patterns setting up for opportunities that are great projects like Chainlink, Polkadot, Eth, ADA and possibly ICP not sure about this one but this actually could play out to be successful for many people). Since Bitcoin pulls the market…. This is a GANN study The map of resistance and support has been playing out pretty significantly.
Take profit signal on ETHBTCA take profit signal has opened up on ETHBTC. If you had entered the position on the previous buy signal then here is a good place to take a percentage of that position into profit. How much depends on your personal risk profile. It is worth noting that BTC is also on a sell signal against USD so moving straight to USD might a strategy worth thinking about.
Ethereum - Next Price Target? Bear Flag Breakdown Begins!Hello Traders...
Here is my analysis for Ethereum.
First off just to update everyone, I am currently not in any trades. I am wary of market conditions and am waiting for BTC to show definitive directional bias.
Now onto ETH.
- ETH was recently trading in a Bear Flag formation. The formation was broken a few days ago, however price was still above the local support from the daily wick.
- Now that price has broken past local support, ETH is looking very Bearish.
But where will ETH possibly bounce?
- The next support level for ETH is at $2,750.
- Just below is major ascending trend line support at $2,695.
- Also the technical target from the Bear flag is almost exactly at the first support level. Isn't it amazing how that worked out!?
What do these 2 support lines so close together mean?
- The fact they are so close together means that there is a high probability of a bounce in that area.
- Think of support levels like a wall that you are trying to breakthrough with a sledgehammer. Now put 2 walls together, imagine how much harder it would be to breakthrough 2 walls vs one. It's the same thing for price trying to break through 2 support levels vs one.
- Also It's possible ETH could hit the first level, then wick down to the second level before getting a bounce.
- Either way we know that there is strong support in this area and the probability of a bounce is high.
When to enter a position?
***As you know nearly all cryptos follow BTC. This analysis could be negated if BTC has an erratic move. But as it stands this is how I would trade ETH.
- I would like to see ETH hit the level relatively quick, not a small move then consolidation, then another small move then consolidation.
- The quicker price drops, the bigger the bounce.
- So I'll watch for price to hit this level in the following days, more than likely I will enter a position at the first support level then add even more at the second level if it hits.
****I will post an ETH update in a couple days with take profit and stop loss.
Happy Trading *Patience is Key*
Possible Wyckoff Distribution for ETHBTCETHBTC may be forming a Wyckoff Distribution top here, on the back of renewed merge narrative that led retail to buy into the 3500 local top, followed by a return to dominance of macro bearishness and risk-off market outlook.
$ETHBTC 1D Breaking Point$ETHBTC got the nice breaking mid-March and has lost volume and momentum in "Upril".
Crucial point here with price at the .073 support and RSI at a trendline and midline level.
LONG ETHEREUM ✅✅✅Here I expect bullish price action as we have SMS+BOS+RTO Pattern, the price failed to break the last bottom, made a BOS (break of structure) and returned to orderblock.
ETH interesting patternKeep seeing sideways movement with a mini breakout followed by an actual breakout in the same direction. Im really hoping that ETH goes up, so hopefully this doesnt play out lol
BNB Trading Setup Road to 1000$ ?? Recently CZ tweeted about burning BNB and so it has shortened the BNB supply which will evenly increase the demand. Right now most of the crypto projects are based on BNB , so it is much likely expected the price to increase.
By the end if the market remains bullish then it can easily reach 1000$ mark.
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Lower third impulse wave, move up 4230On 4H TF
Seem the fourth wave hasn't done. It's been happening wave B before come to the fifth wave.
Besides, BINANCE:ETHUSDT has the invalidation level at 2500. Caution it!!!
Right now, ETH's still in ascending parallel channel to move up.
Wait and see
Entered Long ETHBTCEntered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. BITFINEX:ETHBTC has recently been caught between two major Retracement levels and this mid-consolidation trade is putting risk on that the consolidation will break to the upside. Lower timeframe setup and signal below:
The best course of The Major Player Behavior. ETH example Part 1I want to continue to share with you my knowledge of the behavior of the major players and who they are.😁
In the last example about Bitcoin, we considered a similar situation, now I would like to demonstrate this on another coin so that you also learn to identify such moments and fix them.
Right now, on the example of Ethereum, we see approximately the same moment, a small candle fixed exactly in the stops zone of a major players.
Thus, we can assume that in about 83% of cases the price will go up, since, as we mentioned in the previous tutorials, the stops of a large player in this case are equal to large buys on the exchange.
Best wishes
ETH Bullish ChannelWe see a Bullish channel here.
ETH can go up to touch the roof of channel again...
My next crypto trade (most likely)I keep my eye on the Ethereum / Bitcoin cross pair. There have been some interesting developments recently in the price action of Ethereum such as respecting Retracements exactly. The Ethereum market cap percentage is beginning to rise as Bitcoin is beginning to fall. It could be that Ethereum's price action will dominate the price action of the cryptocurrency market as a whole and unseat Bitcoin as the dominant driver. The most likely next trade will be a breakout from this tight range on the BITFINEX:ETHBTC cross pair. The trend on this symbol and subsequent trade opportunity will represent this shift in dominance.
$ETHBTC 4HR/1D Double Top$ETHBTC with a nice breakout, retest and bounce off, but failing to make new highs currently.
Losding the 8EMA (red) could signal the rejection. With this low of volume, I have less trust.
The Bitcoin – Ethereum Smart Money DivergenceThe smart money tool (SMT) divergence is used by traders to determine if the trend is getting stronger or weaker, which may lead to a shift in the market sentiment. If we compare Bitcoin (BTC) and Ethereum (ETH), we can notice that one is stronger and the other one is weaker.
However, this correlation is not visible to the naked eye because they seem to move in tandem.
Bitcoin – Ethereum SMT Divergence
Based on the coinmetrics data, the BTC-ETH correlation stands at 0.89, which is nearing all-time high values by historical standards. This means that there is a strong positive relationship between the two cryptocurrencies.
The SMT divergence concept can help a trader find short-term price discrepancies. If BTC and ETH have a strong correlation, the price should mimic the same price action. For example, if Ethereum makes a higher high, Bitcoin should do the same.
However, sometimes there is a break in that correlation, and that's exactly what happened recently. ETH's price made a higher high, but Bitcoin made a lower high. In practical terms, it means ETH is stronger than Bitcoin, so we can expect Bitcoin to sell more relative to ETH during the current pullback.
XRP LONG TERM PRICE ANALYSISXRP holders, I know a lot of you are hoping for XRP to hit $10-13 in 2022... After ZOOMING out, I've identified an interesting pattern that tells me why it won't happen JUST YET.
In this video, I go over XRP on a macro perspective, and explain why I think XRP will only hit $10-13 (4.236 FIB EXTENSION) in mid-late 2024, which coincidentally or not is shortly after the next Bitcoin halving will take place. I do think we will see a mini bull run to $1.30-1.60 this year, but not the huge run everyone's expecting. Everyone is calling for the SEC v. Ripple case to be settled this year, which to me is exactly why it won't happen anytime soon. It's going to happen when we least expect it... Sideways consolidation for now.
WATCH THIS VIDEO UNTIL THE VERY END IF YOU HOLD XRP
☑️ETHUSD: growth potential➡️ Over the past two months, Bitcoin and Ethereum have been consolidating, recovering from the November-January sell-off. At the moment, the cryptocurrency is strengthening against the backdrop of ongoing geopolitical events. This trend is likely to continue, and especially in the short term.
Technically, the price of Ethereum is now supported by the price area of 3190.90 - 3273.50 . In general, the price is still in the balance of 3190.90 - 3487.85 . The closing of the candle on this chart inside the balance will be a good signal to go long and the target of this trade will be at the upper boundary of the balance 3487.85 .
🔥 Ethereum Forecast Results 🔥
☑️ETHUSD: upward impulse 👉 +167 points ✅:
☑️ETHUSD: to the lower border 👉 +246 points ✅:
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👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
