💡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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Ethereum-bitcoin
💡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
Ethereum make the confirmation to up again!!!In this technical analysis. I use just my cellphone and I knowed that. But if you following my instructions. You can get it the best experience until I going to my home to updated in my laptop.
So guys, please put a buy order limit at $604 dollar with a SL at $578 dollar and my target its aplroximately at $665 dollar
Im in my work in my pharmaceutical factory bit I see this good opportunity for crypto traders
More later I wkll going to make an updated.
And also, in Bitcoin please put a buy order limit at $23,000 dollar with a SL at $22,350 dollar and my target will be $24, 300 USD appeoximately
So remember that in minutes I will going to uodate these par today: Bitcoin and Ethereum!!!
ETH to BTC Fractal (Y20.P6.E1).ComparisonHi All,
Many people expect ETH to out perform BTC in the long run in terms of ROI...I tend to agree.
Reasons are many,
As for the chart, BTC was the first and has left its historical chart from it early days.
Followed by LTC and then ETH some years later.
So is it fair to use that trend with a new product many years later and assign this fractal...might be right.
However back then, the market conditions were different and ETH wasn't that hyped....now its more with industrial potential.
Hence I think its fair to compare this fractal.
I was listening to 1 commentator who said that the whales might push ETH down to the low $500s levels where many would have entered, grab that liquify and for them fill their orders as
ETH has big potential. Who knows when...but 1 thing for sure, 2021 is going to be big for crypto and the stock moarkets.
My thoughts:
Early next year is ALT season, Jan or Feb.
One must have a healthy portion of ETH when that happens.
For now, I'm 95% BTC, next ETH and then others.
Just waiting for that signal to flip to the ALTs.
We are weeks away from that in my opinion.
All the best with trading.
S.SAri.
ref.M.chart
Outlook on Ethereum as BTC breaks ATH:BULLISHSimple chart, enjoy doing charts for you, doing this live as we see the pump, volume is high, stay safe out there.
No clear resistance till 850
Weak resistance at 620-630 Range
Definitely no longer a point of entry
The risk of entering at such a point is too high, a short trade would be more reasonable
I would not recommend trying to short a chart like this, it is like throwing money away.
-Bo Sukas
SHARE&LIKE&COMMENT
BINANCE:ETHUSDT BINANCE:ETHBTC COINBASE:ETHUSD KRAKEN:ETHUSDT
KAVA Descending WedgeThis one looks like a great set up. There's been some huge volume and then a steady decrease during this descending wedge .
At the moment on lower timeframes it is edging along the top resistance, which is a good sign
Wait for a breakout, retest and resumption on at least the 4Hr chart.
Depending where it breaks the wedge (I'm guessing it will be tomorrow), a measured move should take it somewhere around the first major resistance, which is a bit of extra confirmation that this move should play out.
I won't take any profits there as this looks like a big accumulation that will fly.
I will take 50% of profits at Target 2 and then let the rest run as high as it can, with current target somewhere in the range of 3.5 - 3.9
If it can break the second target, it's got a pretty clear run to at least 3.5
Are you interesting to accumulate Ethereum? Check out!!!Ok, i wanting to show you if you're an Ethereum holder, Ethereum investor or simple Ethereum enthusiastic. But, there're any thing taht you will need to know.
If you have 10 ETH right now, noticed that if you save your 10 ETH still hold your Ethereum assets when the value in Etherum reach up 0.1 BTC, you get your first and your own 1 Bitcoin. Now, looking this diagram, it's easy to know. My strategy consist to find up 30% monthly with a risk management of 15% monthly.
So, if you follow this strategy. You can to get your first Bitcoin, your own Bitcoin or your 1 BTC to medium to long term when Ethereum grow up the Bitcoin value.
It's for that reason that I'm so enfocous a lot in Ethereum to accumulate this assets making trading consistent throughts of the months.
Look this strategy:
First Month: If you starting with 1 ETH = 30% = 1.30 ETH you end with earns of 0.30 ETH
Second Month: 1.30 ETH = 30% = 1.69 ETH
Thrid Month: 1.69 ETH = 30% = 2.20 ETH
Fourth Month: 2.20 ETH = 30% = 2.86 ETH
Fifth Month: 2.86 ETH = 30% = 3.71 ETH
Sixth Month: 3.71 ETH = 30% 4.83 ETH
Seventh Month: 4.83 ETH = 30% 6.27 ETH
Eight Month: 6.27 ETH = 30%= 8.16 ETH
Nineth Month: 8.16 ETH = 30% 10.60 ETH
With 10 ETH it's the minimum if you want to take this plan!!! You would get time 9 months to accumulate your own 10 ETH for this smart plan. Now, you can to accumulate over 10 ETH if you want just apply the compount interest to find up 30% monthly not enfocous in the U.S. Dollar in the value of your Ethereum. You should need to enfocous more to accumulate in the Ethereum assets and value of your own Ethereum assets.
Example: If you have 1.50 ETH and the value it's right now $588 USD. You have $882 USD in your Ethereum assets. The most inteligent it's open up a trade with this value. Example: $882 USD in BTC in your trading, $882 USD in LTC in your trading to enfocous more to accumulate Ethereum assets in the value. Now, to calculate your risk management it's 15%, that mean your own risk will be 0.85 ETH in the end of the month. That's simple. The key it's enfocous to accumulate Ethereum assets consistent throught of the time. .
I reccomend the Quantfury App, in Quanfury you can to trade cryptocurrency, stocks market, Forex, futures, commodities, bonds and more. I just use Quantfury to trade Cryptocurrency. Also, there's another best broker that I know and that it's called Prime XBT. Also, using Bitcoin deposit method you can to apply the same strategy if you want to accumulate satothis using and find up 30% monthly with 15% of risk management.
But right now I'm enfocous more in Ethereum!!!
So, in the future later that cryptocurrency pass the bull rally and then, stating the bearish trend. I will going to accumulate more Ethereum again for the future using the same strategy to get the compount interest. So, If I want to accumulate 10 ETH, I'd interesting in the future to accumulate maybe 100 ETH later of the bull rally of cryptocurrency. And why not 500 ETH, or 1,000 ETH thoughout of the time.
So, to say you, my strategy it's simple accumulate 10 ETH, and that it's all. So, in summary for accumulate 10 ETH we would need the patience and big discipline to reach our dreams how we want.
In this chart it's the ETH/BTC or Ethereum/Bitcoin and that I explain why ETH it's growing up agains the BTC value or Bitcoin value. And it's so interesting to accumulate Ethereum right now independent how much Ethereum you have in your hand. But that strategy that I show it's for people to understand how the altseason work.
Ethereum ETH, The 550 - 620 Range, Part 2This analysis played out pretty well, with the drop (bit extended) inside that green box and bouncing pretty hard since. Now past half day it has been dropping again just like the rest of the market and also has reached a key point it seems. ETH should hold 550/547 zone from now on, because then the previous analysis with the arguments i gave still make sense.
As you can see on the right, it seems that curved line was real, because yesterdays bounce got rejected from that line again. Which makes it easy to say that as long as it moves below it, it shows bears are in control. Which also says that the first big level bulls need to break is that same line, which is around 570 now. The 570 is i think similar to the 18.500/600 for Bitcoin.
So on the downside, 447/450, below that level the only support zone i see is around 500/510. Actually, assuming the channel is real, it could give support around 525ish as well. On the upside its a harder road, with the first resistance around 560 and then the important curved line resistance around 570. The 580 seems to be a level as well, but think the 590/600 zone might be the biggest resistance, which stands in the way for news highs this year for ETH.
Don't forget to like if you appreciate this :)
Previous analysis:
Ethereum Ascending Triangle - Bullish Continuation?$ETH is forming an ascending triangle on the 1H timeframe, succession of higher lows and repeated tests of the resistance around $602. If resistance breaks we'll be looking back up at the high of $635.70, stop losses in place beneath the ascending trendline incase of a breakdown.
Bitcoin is close to a decision point!Hello everyone,
Bitcoin has seen a fantastic rally over the last months. We've managed to reach all the way to the all-time highs.
There hasn't been any serious pullback yet.
I've found a bearish divergence on the daily timeframe in the RSi and a rising wedge pattern.
The target of the rising wedge is calculated by the height of the wedge, so around 16200.
If the rising wedge is to complete, we will see one more pump towards 20k and then a real pullback will start.
However, that being said, if bitcoin manages to clearly pump above 20200 and actually closes there, I think much higher prices are in play.
Thanks for reading my analysis,
Goodluck!
ETH Weekly Bull Run TargetLooking at previous ETH bull-run (remember, there has only been 1) and looking back at BTC and what we may be able to expect. Often times alts run a little hotter than BTC and therefore I expect a run to about $27k (about a 55 to 60x return) over the course of the next year.
Best of luck trading.