Ethereum Price TargetsEthereum appears to be in the final consolidation phase of the dragon head pattern. ETH too, is likely to have a bullish breakout. If so watch for our Fibonacci extension at $1216 for a target. Be careful, because there are large vacuum zones being formed by ETH's explosive growth. The Kovach OBV is very strong suggesting there is some serious buying momentum here.
Ethereum-bitcoin
ETHBTC Breakout = BTCUSD PullbackETHBTC Breakout = BTCUSD Pullback?
Breakout Pennant looks possible. Significant volume on this move.
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Ethereum Has Completed the Measured MoveFrom the breakout point at about $620, where ETH started goin really vertical, it has now completed a measured move, if we assume the entire section underneath that was an accumulation zone.
It also matches up with the fib extension of the first Elliot Wave in this bull run, starting from the low in March.
Likely retracement targets are around $750 - 800, and best case scenario the breakout point at $620. Not likely, but it might be wise to leave some cash around in case it gets that low.
Have fun!
ETH stealing the spotlight from BTCEther has broken a critical price point against bitcoin (0.026 level), indicating that Ether (still under it’s all time high) may be about to see some huge gains and continuation to levels seen in the last bull run.
Whether you love it or hate it, it would be a worthwhile trade.
💡Don't miss the great buy opportunity in Ethereum/BitcoinMidterm forecast:
While the price is above the support 0.02275, resumption of uptrend is expected.
We make sure when the resistance at 0.02965 breaks.
If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02300 on 01/02/2021, so more gains to resistance(s) 0.02635, 0.02745 and maximum to Major Resistance (0.02965) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0245)
. Ending of entry zone (0.02275)
Trade Setup:
We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03.
Midterm forecast:
While the price is above the support 0.02275, resumption of uptrend is expected.
We make sure when the resistance at 0.02965 breaks.
If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02300 on 01/02/2021, so more gains to resistance(s) 0.02635, 0.02745 and maximum to Major Resistance (0.02965) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0245)
. Ending of entry zone (0.02275)
Trade Setup:
We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03.
Take Profits:
TP1= @0.02635
TP2= @0.02745
TP3= @0.02965
TP4= @0.03185
TP5= @0.0333
TP6= @0.04045
TP7= @0.04850
TP8= @0.05695
TP9= @0.06955
TP10= @0.08550
TP11= Free
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💡Don't miss the great buy opportunity in Ethereum/BitcoinMidterm forecast:
While the price is above the support 0.02275, resumption of uptrend is expected.
We make sure when the resistance at 0.02965 breaks.
If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02300 on 01/02/2021, so more gains to resistance(s) 0.02635, 0.02745 and maximum to Major Resistance (0.02965) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0245)
. Ending of entry zone (0.02275)
Trade Setup:
We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03.
Take Profits:
TP1= @0.02635
TP2= @0.02745
TP3= @0.02965
TP4= @0.03185
TP5= @0.0333
TP6= @0.04045
TP7= @0.04850
TP8= @0.05695
TP9= @0.06955
TP10= @0.08550
TP11= Free
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ETHBTC Finally Reached BottomThis bottoming action on previous strong support is very bullish.
We have put in a higher low, and CMF has been increasing for a while, with a higher low on that as well.
I expect BTC has also reached a top, so both pairs will likely decrease in USD price, but ETH will fall less than BTC .
If ETH makes a lower low from here, this idea is invalidated.
$ETH Ethereum short-term bullish scenario ( @ethereum )Hello there ladies and gentlemen, BulloTaurus here with an important update for today .
I have been watching Ethereum bouncing in the bullish paralel channel you can see on the chart above.
Finally BINANCE:ETHUSDT broke through it and is moving to new heights.
Another reason why i think we might see a bigger explosive movement is MACD.
MACD fractal you can see (highlighted zones) look very similar to 2017 movement.
I have highlighted important resistance lines with pink color based on Fibonacci Retracement levels that can act as targets.
Risk: 6
Reward: 8
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
ETHEREUM BULLISH! BREAKOUT over 800??Hey there,
Thanks for liking the post and following me on TV!
Comment below!
We got a nice ascending triangle on Ethereum USD.
The measured move target is alining aproximately with the prior swing high
on big timeframes.
Seems like there is heavy resistance at ~830 USD.
At around 760 USD we have the 50% retracement of the fibonacci,
yet I think that will be crushed easily, let's see!
Since Bitcoin will struggle to hold above 30k, I think we won't see higher
prices than 35k. Most likely ETH will retrace at a similiar time.
Bigger timeframes is largely extended and screams for a correction.
Therefore this is only a quick swing trade over a few days, maybe a week!
Cheers,
Konrad
Potential Path For ETH/BTCThis path could be possible. It failed to breakout twice but it keeps sticking to the inside of the red triangle briefly before breaking down.
This is my first attempt at publishing an idea. I am still working on understanding TA better. An important part of that is publishing these ideas so I can't back out. This is very much a novice attempt, so please don"t follow it. It's more of a journal.
Ethereum Parabolic Buy SignalEthereum has been inside the drawn channel for two weeks. This morning, we saw some crazy price action accompanied by high volume, which led to a break in the upward trend line of the channel, potentially signaling parabolic growth in the coming week.
I wouldn't be surprised if ETH manages to hit $800 today or tomorrow, with potentially targeting $1000 within a week. Do your own DD.
💡Don't miss the great buy opportunity in Ethereum/BitcoinMidterm forecast:
While the price is above the support 0.02275, resumption of uptrend is expected.
We make sure when the resistance at 0.02965 breaks.
If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.03365 on 11/24/2020, so more losses to support(s) 0.02450 and minimum to Major Support (0.02275) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 33.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0245)
. Ending of entry zone (0.02275)
Trade Setup:
We opened 11 BUY trade(s) @ 0.02534 based on 'Two-day reversal candle' entry method at 2020.12.27.
Total Profit: 0 pip (0%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 0 pip Profit (0%)
Take Profits:
TP1 0.02635
TP2 0.02745
TP3 0.02965
TP4 0.03185
TP5 0.0333
TP6 0.04045
TP7 0.04850
TP8 0.05695
TP9 0.06955
TP10 0.08550
TP11 = Free
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in Ethereum/BitcoinMidterm forecast:
While the price is above the support 0.02275, resumption of uptrend is expected.
We make sure when the resistance at 0.02965 breaks.
If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.03365 on 11/24/2020, so more losses to support(s) 0.02450 and minimum to Major Support (0.02275) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 33.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.0245 to 0.02275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0245)
. Ending of entry zone (0.02275)
Trade Setup:
We opened 11 BUY trade(s) @ 0.02534 based on 'Two-day reversal candle' entry method at 2020.12.27.
Total Profit: 0 pip (0%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 0 pip Profit (0%)
Take Profits:
TP1 0.02635
TP2 0.02745
TP3 0.02965
TP4 0.03185
TP5 0.0333
TP6 0.04045
TP7 0.04850
TP8 0.05695
TP9 0.06955
TP10 0.08550
TP11 = Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETHEREUM (ETHUSDT) DAILY BUY&SELL TRADE SETUPS 2020/12/24Long Trade Setup: False Breakdown at Horizontal Support
To open a long position, we are waiting for price to hit horizontal support @~$551 and then bounce back up.
Trade Entry Confirmation:
1. Price Action: Price breaks below the lows $551 and then rapidly moves above $551, forming a bear trap
2. Candlestick Pattern: A breakdown candlestick (candle close below $551) followed by a reclaiming candlestick (candle close above $551)
2.1 Ideally breakdown and reclaiming candlesticks are consecutive candles, but can also have a few candles in between the two.
2.2 Ideally the reclaiming candle has a large candle body with very small wicks
3. Volume: Above average volume ( volume above the average volume line) on both breakdown candle and reclaiming candle, ideally the reclaiming candle's volume is a local high
4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (color changing from red to pink)
Short Trade Setup: Rejection and Continuation at 200MAs
To open a short position, we are waiting for price to go up to the dynamic resistance zone of the 200MAs and then fall back down. This zone is currently projected to be $600-$610, but could be different by the time that we get to that zone, depending on price action.
Trade Entry Confirmation:
1. Price Action: Price moves into the 200MAs (ideally touching both 200SMA and 200EMA) and gets rejected, confirming that the 200MAs now serve as resistance
2. Candlestick Pattern: A bearish candlestick pattern such as a bearish engulfing candle or a multiple candlestick breakdown (a large green candle followed by multiple red candles that eventually close below the open/low of the large green candle)
3. Volume: Above average volume on the bearish engulfing candle or on any of the multiple red candles that eventually break the green candle (ideally on the candle that breaks)
4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (changing from dark green to light green)
Entry Confirmations:
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
Trade Management:
I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR (average true range) or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME!
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
Is ETH finally read to approach ATH?Hey Guys!
After some strong price action after the SEC XRP FUD, a lot of Altcoins bled, including Ethereum.However, taking a look at the BTC chart, we can see that there is a lot of potential in terms of Ethereum price movement, this could all changes with a strong Bitcoin upwards rip, but as things currently stand; we are looking at a strong bullish sign for Ethereum.
-Bo Sukas
I will try to keep the ideas coming, just show me that you care by LIKING,SHARING & COMMENTING.
SIX:BTC BINANCE:ETHBTC BINANCE:ETHUSDT COINBASE:ETHUSD CRYPTOCAP:BTC.D