ALERT Ethereum Deathcross ApproachingEthereum is closely approaching the dreaded deathcross event, where the 50 day sma crosses under the 200 day sma. When this popular indicator lights up, we now the bears have been pushing price down hard in the previous weeks. The fact is though, if you're trading for more than a few weeks, you already know this! :_0 It's been a painful year so far for HODL'er's around the world, for sure.
On a positive note, ETH bulls have previously come out to support price and reverse momentum before or immediately as the moving averages begin to cross. Unlike LINKUSD, BTCUSD, and ADAUSD which are struggling to reclaim ground and trigger a Goldencross event, the bullish side of this indicator. eg, August 2021, November 2020, and multiple other times in 2020 before that.
If Ethereum fails to trade above the 200 day ema, it could be a signal of weakening support for Ethereum, and more generally could indicate we haven't found the bottom yet. A disaster for the market as a whole. Similar to many coins though, ETH has just pulled away from a nice W + retest pattern in the 4h charts or otherwise arguably a reverse head and shoulders. Either way, generally a bullish signal for day-traders looking for good opportunities to go LONG. A retest of the 3150-3200 levels should be expected in the coming days, once we find the resistance for the day. Decent candidates range for resistance is $3280-$3300, which align with VPVR and the lower market support band that currently acts resistance, since we started trading in bearish territory back at the start of the year.
FIB golden pocket is at 3050-$3100, which acted as significant support as we dropped through December, all the way through to this morning when we pushed off from it, up %5.5 at the time of writing.
$3450-$3500 will act as strong resistance, which we will need to overcome if we don't want to return back for a retest of $3000 before potentially heading much deeper into what is pretty clearly a bear-market environment.
If momentum continues, market makers will reclaim liquidity left behind at 3500, 3800, 4250 in the coming weeks. The pull back for over-margined LONG traders will have been painful, for sure. It will also have proven to be a excellent opportunities to accumulate ETH.
Don't get liquidated my friends! Make sure you have sell into strength, as prices rise so you can have your buy-limits set up and profit from the volatility, not lose your mind!
Ethereum-bitcoin
ETHEREUM FALLING WEDGE - HUGE POTENTIAL BOUNCE! ETH - ethereum had a really nice rally but as always there is a time to calm down and gain some strength before the new rally. We are approaching a really nice trend line - support that holded us for a really huge period of time! Will it hold again and give us huge gains?? I am so bullish on eth if we touch our support line - trend line ! Patience and buy the DIP! Patience is the 80% of Trading!!
CRYPTODROU
Happy Trading
ETH/USD Vital Support ZonesWe are looking at the 3 Day ETH/USD chart. ETH/USD has shown weakness after falling out of midterm ascending channel. Downside targets call for prices around the $2400.00ish area. $2,700.00 macro support level could be an area bulls attempt to defend. At least an area for a short term long scalp or close short term short positions. Further downside price targets at $2,000.00 and $1,750.00 as last line of defense for bull market continuation. This is not financial advice. Happy Trading.... Don't get rekt...
ETHEREUM FOLLOWING BITCOIN INTO A HEAD AND SHOULDER PATTERN ???As we can see bitcoin is forming a head and shoulder pattern. And we can also see that Ethereum is following a very similar pattern.
We are currently in a bull trend at the second shoulder base which will reverse at around 3400 to undergo a correction to complete the head and shoulder pattern.
The course of Ethereum could still go completely differently from my prediction.
"this is not an investment advice"
ETHBTC SCENARIO TREECOINBASE:ETHBTC
There are too many scenarios at the moment I know it looks a bit messy but if any of them start to play out trendlines and fib levels should play an important role in deciphering which way we break.
Which ever path ETH takes, there are interesting synergies happening in the chart, where long term trend lines are converging with short term trends as well as EMA and SMA.
I have given short term targets as well as some long term down side targets. If we look at the entire picture of ETHBTC we could form a classic cup and handle and still be bullish on the longer time frames. The interesting part is that the bottom of the handle could correct down to 0.43 to 0.5 fib levels and still validate the pattern. Which would put ETHBTC at 0.040. Considering this ginormous potential mid term downside, the answer to the question is ETH topping out around 0.1 against BTC might depend on how bullish BTC will be.
In this way it could shape into an ascending triangle as well. Which is a bullish pattern.
Consider this, BTC in the coming 2 3 months puts another ATH however starts dumping shortly after. During which point ETH is late to dump and thus reaches 0.1 BTC for a brief moment. When BTC takes its time patiently, ETH could retest those lows of 0.40 first before blasting out of the cup neckline and over 0.1 BTC.
Or on the flip side, BTC prints new ATH, decides to surprise everybody once again and doesn't dump a third time and pumps over 100k. Then ETHBTC would surely not fall below 0.55 lows, and depending on when BTC starts its next run, ETH might not put another low below even 0.75 BTC.
Its all a bit messy, but if you follow the chart as the days go by, the scenarios do start making sense.
Please comment your ideas, and check back how my previous scenario analysis played out
Cypto TOTAL market capWith all eyes on the crypto market there is a large amount of volatility in the market, therefore it is difficult to predict what will happen.
In my eyes we just hit a strong key level, which will maintain its ''power'', however with the 0.5 on the fibonacci and the 200ma acting like resistance it is likely that we will have a bounce back to the ''strong'' key level. When the time will come we will probably have a big sell-off and have a bear-trap which will result in a lot of fear in the market, however the whales will be able to make sure that we stay in bull-run.
I hope this helps and that we stay in the bull-run.
if you have any tips or tricks please let me know, I am a beginning trader and there is still a lot to learn ;)
Institutions in CryptoHi!
During every market selloff when fear is great there are also good opportunities to those who are not controlled by fear.
Wanted to point out one of them. This could be one of the most exiting projects in Crypto this year.
Side-note: I am holding their tokens since public sale and I'm bullish on that project. This chart shows pretty well
how I like to operate in Crypto markets and you can read about it from my previous post:
Recent market selloff has brought QRDO price down and to me it is in buy zone (I have long-term view).
Basically they are providing the most secure custody for digital assets and they are mainly targeting institutions. But regular people
can use their solutions as well. I'm using their wallet to store QRDO tokens and everything works like clockwork. In addition to that,
simply just holding your QRDO in their wallet will earn you staking rewards 10.1% APY.
I have been with this project since their public sale (July 2021) and I'm very happy how this project is developing. Few months ago
they had 10k Twitter followers - currently it has grown into 47k (social engagement is good).
They have made partnerships with some of the biggest names in Crypto: Coinbase, Figment, Metamask Institutional and Ledger Prime. They even have exposure on
country level as they are providing infrastructure for El Salvador to power Bitcoin banking solutions.
Quote from Bloomberg (06.01.2022): "Security concerns - not volatility and regulations - are holding investors back from Crypto." But institutions
are coming, it is inevitable. And QREDO is ready - in terms of timing and product market fit.
Currently they have quite low market cap, approximately $168 million. As I see their valuation in billions then still lot of upside potential
remaining.
As always, DYOR (do your own research), I'm just pointing out that trading/investing idea.
Thank you and enjoy your trading :)
ETHBTC Horizontal Support & Resistance LevelsWatch for price action signals at these horizontal levels.
Ethereum Daily TA : 01.09.22 : $ETH As you can see in Daily chart of #ETHEREUM , we see that yesterday the price broke its first support range and today is stabilizing below this level, the next bearish target (important support) is in the range of $ 2700 to $ 2900.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Ethereum crashes with other major cryptosEther prices fell to their lowest in more than three months on Thursday, plunging below $3,200. The recent crypto crash has affected many other major cryptos including Bitcoin, Solana, Cardano, XRP, and Dogecoin. Ether also fell against Bitcoin, dropping to 0.076639 on Friday.
Why are cryptos suddenly crashing? In an effort to deal with rising inflation, the Federal Reserve’s minutes revealed on Wednesday that a tighter monetary policy is on the cards in 2022. Expectations for decreased monetary policy support and higher interest rates instantly hit global risk assets, such as stocks and currencies.
Will Ether plunge to $3000 or even lower in the coming months? 2021 was a great year for Ethereum, which hit record highs. Moreover, let’s not forget that the major metaverse tokens like SAND and MANA all run on the Ethereum blockchain. This is a good sign for the second-largest cryptocurrency. However, the Federal Reserve’s intention to normalise interest rates could potentially challenge cryptocurrency prices even more in the near future.
$ETH 3D Chart is Printing MASSIVE C&HCryptocurrency is on the verge of MASS global adoption with large amounts of money pouring into the ecosystem as a whole. The Ethereum 3D chart is a technical masterpiece with a clear cup and handle printing.
Below average volume at the base of the cup (circled in orange) with declining volume on the downward consolidation at the formation of the handle checks all the boxes needed for me to be bullish here. Measuring out the depth of the cup, we should expect close to +138% upside from current price.
For an additional twist to this chart I overlaid a fractal that I have been tracking that plays perfectly to the measurement of this C&H.
My price target is $9500
-PennyBags
HEX is losing steamHEX shows double bearish divergence on 4hr and daily,and on smaller time frames triple bearish divergence (price with higher highs ,RSI & DMI lower highs)
DMI 2h ,bear line is already above bull line with ADX completley reseted for a (bear) run
1hr ,2hr 21 EMA already sloping down : its not the sign of fit & health
RSI on 2,3,4h already under 50 ,bears are in full control
1.As long as price stays above 0.275-0.28c ,no worries ,there`s a decent chance price will go to at least 0.35-0.36c
2.Once price starts to close under 0.265c target is .23c
3.If price goes under 0.18c ,then we should meet our final target : 0.085c (-60%)
Remember ,price action reflects supply & demand ratio in the end of the day (and thank God in hex theres plenty of supply lol) and TA helps take EDUCATED GUESSES,nothing more.