Ethereum LONG / SHORT ?? Bull market Finished? Check it here!Dear traders, here is a new analysis for Ethereum.
Ethereum has fallen out of the rising triangle and that means a possible further decline. There are several patterns that point to that decline.
We see a Diamond that has broken out. Ethereum is also forming a head shoulder formation with now the right shoulder in the making.
If Ethereum stays above the orange "Last hope trend line + Ultimate support", thenis definately still with the Bullish scenario.
See Green arrow trajectory! The LONG target possibly with 36 hours.
Short only if the following conditions are met and confirmed:
---> Warning - Caution <----
So the SHORT scenario starts only after the last trendline (LAST HOPE TRENDLINE and Ultimate support has been broken through!
Only AFTER that, the following targets and opportunities to short come into view.
---> That will also automatically close the LONG position and go SHORT <---
I have not a single problem with reversing the long to short if needed. Trade what you see, not what you think!
First targets:
Targets, 2540. 2468, 2395, 2335, 2271, 2184, 1891, 1730
Different ways to short here at confirmation:
1. After a breakout below the orange neckline.
2. Upon a retest of the orange neckline.
3. After a retest of the green broken rising trend line.
Good luck traders!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Ethereum-bitcoin
ETH breaking 1h support - Buy zones detected1h Chart
ETH just broke support at 2,300
Laggard ichimoku line (1) in downtrend
Price action below red cloud
4h Chart
Laggard ichimoku line (1) also crossing price action
Conversion line just formed a death cross with baseline (2)
Daily Chart
Laggard ichimoku line (1) rejected by price action
Buy zones:
Price is coming to test the $2,000 zone. If it doesn't hold is going to try to find support between $1,500 and $1,200
ETH - What is our next stop?It looks healthy for now,
The price is going up and there is a resistance on the way up.
This resistance happens on the $2900 area. But can we cross it?
We might! The Buy Volume is not anything high or low, it's normal... Platforms are showing a regular Buy signal which is obviously because the resistance is a little away from the current price.
The Bollinger Bands are squeezing which is a sign of strength, and also Fib is warning as the price is going near the resistance.
This is a 4H chart, so if the price crossed the resistance and closed a 4H candle above that area, you can safely open your long positions and aim for the TPs I've shown on the chart. But be careful because the market is fragile.
Current Market Price: $2800
Good Luck
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ETH - Purple War Zone!Ethereum broke above 2500 ... WHAT NEXT?
ETH is overall bullish trading inside our red channel so we will be looking for Trend-Following Buy setups as it approaches the lower red trendline.
Moreover, the area 2450-2500 is a "Resistance turned into Support".
So the highlighted purple circle with the blue arrow is a very strong area to look for buy setups as it is the intersection of support in blue and lower red trendline.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...)
Unless ETH breaks below the 2500 zone downward with a big daily candle, then the support would become resistance again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bear Case Confirmed: Ethereum/Bitcoin SpreadAs I warned yesterday, the intraday Ethereum/Bitcoin spread is an important risk on / risk off barometer to watch for the crypto market and it failed to hold a critical level. We are saturday morning and we have just seen a huge volume spike with a drop, making this a 5 waves down from May 26th top. It's possible the spread deteriorate along with a second crash on the way. This is a long week end and it's easier to manipulate this market while alot of people are celebrating memorial day. I placed a support where I think we are headed in the short-term. Let's see how it plays out.
Ethereum SlumpsEthereum has fallen back to $2400. This was our lower estimate from the last report. If we don't see support here, we will break down to $2232, then $2143. If we see some momentum come through after that, we will need to break $2651, then $2965, which has provided extreme resistance to ETH lately. After that, we have a vacuum zone to the $3K's, so it should be smooth sailing, but this will take some serious momentum. The Kovach OBV is completely flat, suggesting that we are not seeing anywhere near the momentum we need just yet.
ETH Reverse Head and Shoulders-- LONGUsually I don't make short term price predictions but I am fairly confident in this one. ETH has just about completed a reverse head and shoulders using 15 minute candles. We bounced strongly off the 0.618 fib line and it looks like we at least want to push to the previous high. If we can break the previous high, we have daylight
Wait for a clean break of the neckline to enter your position and watch closely if we test the previous high of 2765. Higher conviction if we get big volume on a breakout from the neckline
Good luck out there
- Sultan of Chart
The intraday spread of ETH/BTC is worrisomeThe first thing I wanted to take a look at when I paid my PRO+ subscription was the intraday spread between Ethereum and Bitcoin. It can be seen as a risk on / risk off crypto indicator. The count from the top seems clear to me: 5 waves down followed by 3 waves up. The resistance at 0.0735 is extremely important. During the bull market, it served as a support several times and during the downtrend it acted as a resistance twice. If we really have 5 waves down, it could be possible that the 3 waves up counter rally we have seen from May 23rd to May 26th is over. I know it may sound crazy but that could be it if we are in a bear market... Maybe there's no more juice and this was just a huge dead cat bounce.
$ETH Update, Bounce off 61% Retracement Level As my last Ethereum post discussed being a buyer around the $2000 level, the crypto has bounced off of its $2000 price point, or 61% retracement level from its ATH. A "close" above the $2500 level would indicate a reversal in my opinion, as the crypto finds support within its Fibonacci channel within the $2000 - $2500 range. Still trading above its 200DMA, but dip buyers are relentless which means a bullish reversal due to demand is likely.
Link below was the forecast made last week.
Ethereum Finds Support!!Ethereum found support in the upper $1000 handle after dipping as low as $1750. The Kovach OBV seems to have picked up suggesting there is nice momentum to this buy back. We have peaked above the $2232 level and the next target and potential area of resistance is $2400. We still have a long way to go before reaching former highs, but there are several levels above separated by vacuum zones that we are likely to cross as we get more momentum coming through. If not, there are clusters of levels to provide support in the low $1000 handle. In particular, $1700 seems to be a lower bound for now.
Ethereum ETH Short only under Supportline - Rising wedge brokenHello dear traders, here is a new update for Ethereum,
This is the 30 minute chart and you see that we have fallen out of a rising wedge.
The target points to a re-test of the previous bottom but as we have seen before the market is massively manipulated and that does not make it any easier.
On a breakout downwards trough the support of 2550, Ethereum is likely going to fall further and or re-test the last bottom.
The 42500 level in Bitcoin is extemely important. Waiting for this level to be cleared is a good thing and an extra level of safety. When ETH breaks to the upside and also with good volume, the down scenario in ALTS is not valid anymore for the very short term in my opinion. The mid to longer term perspective is not looking healthy is the least we can say!
So in short, if we don't breakdown the 2500 then it is also possible that ETH will go sideways in a tradingrange between 2500 and 3000 USD.
This is what I see in the chart of Ethereum, it is a possible scenario but always remember to also look at Bitcoin for the main direction and also to do your own analysis!
----->> Traders please follow me for updates and if you give me support with a like👍 then that will motivates me a lot to continue💚 - Thanks guy's! <<---
Safe and happy trading!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research!
ETHBTC a new bitcoin dip is readyMy Marketmiracle advisor generated an input signal on ETHBTC yesterday
I have been monitoring the graph of BTCUSD and ETHBTC for hours and it seems that a new jump in the void of the BTC is ready, and obviously as a result of this Ethereum will open up to him
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration