Ethereumanalysis
ETH to continue outperforming BTCBitcoin has been slumping pretty hard against ethereum which is a big positive for the altcoin market and the fall might just be starting, everything on BTC/ETH is looking very bearish. We have broken down below 2 pretty heavy downtrend support lines and looking at our current price action it is looking like we will see a daily close below both of these levels which would be a bearish sign for bitcoin but a great sign for ETH and the alts. we have support slightly below our current spot, the S1 & S2 support levels are holding up as of right now but a little more of push to the downside will definitely break these levels. Looking at the bollinger bands we are on our second daily candle where we are riding that bottom band and this plays into the reason i think this drop could just be starting, it is not uncommon when riding the bottom band for the dip to go on for multiple days. For our daily close its looking like we will close once again on that bottom band which is likely to continue dragging BTC down. The MACD recently had a flat period where our histogram bars weren't moving a whole lot, but the past couple days have been looking good, 2 increased red bars which is what we want to see and want too continue. The MA's are just starting to see some big separation increasing the bearish momentum and making it more and more difficult to get a bullish cross in the near term. Not financial advice just my opinion!
Common Structure VAXXART & ETHUSDSo interesting that even since 1973 a comparison like this can be drawn to the early days of ETHUSD
I have plotted a bars pattern to see if the commonalities will continue even further
Both start with a rising wedge, that is successful in breaking down.
One major difference however is that ETHUSD is on the daily chart, while VAXXART is on a Monthly chart. Still.
ETH Ethereum: Is A Big Move Brewing?Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency and the second largest by Cryptocurrency Market Capitalization.
#CryptoPickk notes the following:
1) Ethereum price formed a multi-month Cup and Handle Pattern which broke out at the end of October 2021. The re-test of the trendline happened a few days ago. It also coincided with a multi-month rising trendline (in green) where the price touched as well.
2) Ethereum price is currently headed to push through the all time high around $4,870 before going further up to $6,500. This would be a 39% price increase from the current price level.
3) The $6,500 range is the 1.618 Fibonacci Extension level, which is also the Cup and Handle Pattern target price range.
4) The RSI (relative strength index) recently bounced off the bottom trendline and is moving upwards. Breaking this trendline will have an effect on the price.
5) The Stochastic RSI (Stoch RSI), Money Flow Index (MFI) and MACD are all looking healthy.
6) The Volume is low but there is buying pressure picking up. If there is a large Volume candle that comes it, we can see prices moving up (or down) faster.
7) If the Ethereum price falls below the green colored bottom trendline, which has been significant support for multiple months, we could see much lower prices.
What are your opinions on this?
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Ethereum Next Leg Up!!?Ethereum has been following my second scenario yellow path pretty perfectly against Bitcoin, we are currently sitting just under resistance at 0.0769 which we have wicked off of multiple times already, weakening the level everytime. We are sort of moving sideways but i think the momentum is building up for ethereum and its only a matter of time before we smash through here! Then we are looking at resistance at the 0.0788 level, i do think we might face a little trouble here aswell but there are definitely some factors that could send us flying right through but we will have to wait and see when the time actually comes. The bollinger bands are providing us some nice support just underneath the 0.0733 level and then we also have support at 0.0716, so i think its comfortable enough to say we aren't going to go far we see further downside, what i am way more interested in is that top band on the bb's and this is one of the factors that could send us flying through both of these overhead resistance levels. If we continue to push up a little bit more we will be sitting right on this top band and if we can secure a daily close on here the chances of us having an explosive upwards breakout are pretty high, historically grabbing onto that top band majority of the time sends PA flying, same thing but opposite for the bottom band. Now the SMI, we are slowly moving our way up in a bullish squeeze, shown by the black crosses and aswell as the increasing green bars everyday, this shows a stronger bull squeeze and the more we increase the more explosive our squeeze release is going to be (shown by black crosses turning white). Now the Chaiken Money flow, we had a nice bounce off of the midline and strong turnaround to the upside, this shows that investors bought up the dip on ethereum and we have money flowing into ETH and since we are going against BTC on this chart its signaling money flowing into ETH rather than Bitcoin, with BTC.D settling and slowly dropping i think altseason is on the horizon and im expecting it to be an absolutely massive one! NFA just my opinion!
ETHEREUM ETH STRONG SUPPORTEven though BTC Correction and the effect make other coins correction too include ETH but seem having strong support around 3926-3994.
The correction around fibonacci 0.382 area also price above EMA 50 TF 1D and EMA 300 TF 4H.
Good sign but wait for confirmation break out.
EthUsd- I'm pretty sure the correction is overEthereum "has held" very well in this correction, with a concrete floor at 4k.
Now the price is challenging the upper side of the recent range and a break above 4.4k would open the door for 5k and even higher
As long as the price is above 4150k bulls are in total control and only a drop under 4k would be bearish
ETHERIUM ANALYSIS (ETH PERP)I was waiting until now for ethusdt touch the 3950
which is the core of MPL of a serious FLAG LIMIT
I drew all stories of ETHERIUM
RED and GREEN lines are my favorite stories!
BLUE STORY may occur only if green flag limit ENGULFED by the price
& retrace up not to make impulse leg , to fall to the NEXT TRUE DEMAND!
that would be the whole DAILY FVG! (about 3,170)
NOTICE : 4640 is not touched yet (upper mpl)
I believe it will touch 10.000 at the close!
helped by priceaction and RTM & ICT METHODS & ORDERFLOW & SMARTMONEY CONCEPT
sincerely BEARBOURSE
Ethereum Explosive Move On The Way!!Ethereum is looking absolutely amazing against Bitcoin right now and over the past while, we recently had a little accumulation phase where we saw sideways and slightly downwards movement where we built up momentum and now we are breaking out and starting to make a nice run upwards! All shown by my second scenario yellow path, personally think this is just the start for ETH and the altcoins as BTC dominance is looking very bearish! We are approaching resistance at 0.0769 where we could possibly face some trouble and then same thing slightly above around 0.0788, however i don't believe these levels pose a serious threat to ETH because of the huge amount of momentum i think is coming into the market soon. Look at the bollinger bands we are once again starting to climb that top band and for tonights daily close its looking like we are going to be closing directly ontop of here opening the door for an explosive move to the upside likely shredding through these resistance levels! The MACD, we just had a bullish cross a day ago and we are already seeing a very nice increase in our green bars on the histogram, this is exactly what we want to see and shows us the bullish momentum is growing! The MA's right away are giving good separation showing once again some big momentum coming and the more we see the blue move away from the orange the less likely we are to have a near term bearish cross, this also allows price action to have a couple red days for a cooloff without triggering a bear cross! Not the Squeeze momentum indicator, we are only on our first day of green bars on the histogram and this is a great sign that could showing us that a big run is on the way for ETH and the alts, since we are already significantly up on the month against BTC this is a very good sign considering we are only on the fist day of a possible bullish squeeze! The big part about this indicator is the squeeze release which is shown by the black crosses turning white, in this stage price action gets an explosive move to the upside and it is quite possible that we see an extended bull squeeze or even a double cycle bull squeeze! So stay tuned as i continue to update yall! Not financial advice just my opinion!
ETH the Prince readyHello everyone,
Some of you have personally asked for ETH targets and charts.
Here we go, my ideas.
ETH and BTC have now successfully bottomed out, Yes you heard me. This was the floor. Now the fun starts.
ETH has perfectly retested the previous broken CUP n Handle continuation pattern and ATH. We have now a continuation which will bring us to 11k by the first week of January.
It has perfectly retested the 50 day MA confirming strength.
Indicators are all flagging strength and bullish signals on the daily frame.
It has also reclaimed the 12 MA which I use in conjunction with a bullish cross in the KST as a long-term bullish signal.
I expect all the altcoins to top out around the beginning of February, with eth reaching the top of the EW channel and reaching my 7-month-old prediction at 21k.
Also, it has printed a piercing pattern and bullish engulfing on support in the daily frame confirming the bottom.
Very short term ETH will probably paint an IHead n Shoulder confirming the breakout of the all-time high.
Anyone shorting or telling you to short the market is misinformed and not very good at TA.
A lot of fun ahead, guys...enjoy.
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Ethereum- Was this all?On 10th of November, Ethereum (like a lot of crypto) has started to correct and after a short-lived spike under 4k, EthUsd has started to rise and now is consolidating in a triangle.
I admit I had expected a deeper correction, but the market seems to contradict me...
From a technical point of view, since the low under 4k, Ethereum is putting in higher lows on our chart and we have a clear resistance zone between 4.3k and 4.35k
Once this resistance is broken, ETHUSD can accelerate gains and the focus is a new ATH and 5l zone
At this point, the cryptocurrency should not drop under 4.15k for the bullish scenario to remain valid
Ethereum back in sells ↘️Back on our Ethereum strategy here using the EDGE trend follow script.
Entry details are shown on the chart we are in a short position.
Trade has been live since 15:00 UK time.
Working the 45M time frame here and we're only looking for TP3.
Previous trades can be found on chart one was a sell that hit TP and a buy which hit SL.
No strategy is 100% right all the time the stats for this one is 63% win rate.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
Strategy has been covered in other ideas of late so make sure to check them out too.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
ETHUSD Double Bullish Rising WedgeAn Idea for ETHUSD showing comparable structures in the current bull run
The rising wedge normally is considered a bearish one, however in this case, it is bullish . As shown by the first rising wedge
The second one will likely result in a larger rise as it is a bigger structural formation
It can also be seen that the previous peak is acting as a support for the current price
Points in white ovals are very similar.
ETH/BTC About to Explode! Taking a look at Ethereum VS Bitcoin we have been following by second scenario path (yellow) pretty accurately actually and we are now facing a little resistance coming from the 0.0733 level but i don't think it is going to hold up, i expect us in the coming days to blast through here and continue to outperform BTC. The reason being is due to my outlook on the bearish looking BTC dominance and because over the past almost 3 weeks we have been seeing sideways movement which builds up momentum and i would say there has been a lot of accumulation going on this past 3 weeks, all bullish signs and definitely a momentum builder! If we do see a explosive breakthrough of the 0.0733 level we will be ending up right ontop of that top bollinger band which is a huge deal, we could see a huge run after grabbing onto this band and since we did see big sideways movement our BB's have been squeezing a bit ontop of price action which tells us an explosive move looms, doesn't indicate which direction but with everything i am seeing i think we can expect it to be to the upside! We also have the midline as strong support which is always good and adds a little cushion for Ethereum! The MACD looks super bullish we are just coming off of our red cycle with the Histogram declining day by day all the way to the current spot at the midline and now we await a breakthrough into green territory. we want to see an increase in each green bar showing strength on the bulls side, we are also awaiting a bullish cross which is plays into confirming this, we gotta see a good initial move with the blue MA taking off from the orange creating lots of separation lessening that chance of a near term bear cross. The Squeeze momentum indicator, we are currently still in a bearish stage but i don't think it is leading anywhere we are seeing flat and decreasing red bars which is a good sign for the bulls, it is highly likely at this point we will not see a bearish squeeze release, i believe the current red cycle is due to the slightly declining and sideways movement on price action. I think its just a matter of time before we see a push up into the bullish squeeze territory and honestly i think our current spot is very bullish and actually could be better that we are still in this red phase, reason being is that we could have an explosive move on the bollinger bands and the MACD pushing price action up high and then for our SMI we will only likely just be starting a bullish squeeze which could give us a sort of double pump effect, of course once we get to that point we have to see confirmation on the histogram with increasing green bars everyday. Not financial advice just my opinion!
The flipening is here! or, everyone will claim it at topWe have a bullish ascending triangle with decreasing volume , at 75% completion. It's ripe for the breakout.
It is the handle of a valid cup and handle formation in the making since the last flippening calls. the target of it is quite amazing.
RSI being supported on the ascending trendline and being rejected of breaking bellow the neutral zone. more bull pressure.
Stoch also clearly similar and crossed to the upside.
On the handle triangle, we might still retest the bottom; forming a perfect ABCDE bullish formation.
Ethereum is ready to shut down the "Ethereum is a dying project" narrative.
The crypto market isn't dying on christmas. I'll eat my D on live tv if it does
ps: will complete the TA soon.
An update on Fridays Ethereum idea👌On Friday I shared an Idea on an Ethereum buy.
The strategy in using our EDGE trend following script.
The script has been set up to work a simple 1:1 RR ratio and look to take snippets out the ETHUSD instrument.
Fridays idea can be seen below
Friday's Idea went on to hit take profit target and since then a short position presented late last night which also hit TP target.
Crypto being a 24/7 market automation is a must so trades like the sell are not missed.
As more and more brokers are offering options to trade crypto instruments going forward crypto ideas is something I'll look to share more on this platform.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
If your a crypto fan hit that follow button and get ready for even more crypto ideas using our trading scripts 👍
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
Ethereum- A break under 4300 zone provides bearish confirmationSince the ATH from above 4.8k ten days ago, Ethereum has started a bearish trend, with lower highs and lower lows (A correction in fact to the overall trend) and has dropped to the important 4k zone.
The reversal from this low is, in my opinion, just a correction and we can expect a new leg down.
At this moment EthUsd is trading just above important confluence support that lies around 4300-4330 zone, and a break here would bring confirmation for my bearish outlook.
I expect gains to be well capped before 4.5k and a new drop to 4k zone can follow.
I will remain bearish as long as the price is under 4.5k
What is the best price to buy Ethereum?Using the daily timeframe I have shown that a very interesting price pattern is being followed by Ethereum. Combining this with supply and demand theory I think the best zone to buy Ethereum is near the bottom of its daily ascending channel.
This is a combination of fractal analysis and supply and demand analysis plus pure price action. In my view when different methods confirm something it means that thing is credible and could be trusted to a very good degree.
It would be very stupid if someone misses the next big move of Ethereum and I think one of the most probable places for this move to start is the one I have mentioned in the video. I hope you like this content! Feel free to leave comments.
Stay safe
ETH Ethereum Trendline SupportEthereum chart shows 4 key areas of trendline support. The first support has failed and it seems we are headed lower. Keep an eye on these areas of support.
I added in the VPVR to show the volume pockets.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Catching those Ethereum moves 👍💪Morning traders.
A new week and lets start the week with a crypto trade.
We are using our trend following EDGE strategy for this Ethereum long trade.
Entry details are shown on the chart.
Trade has been live since 00:00 UK time.
Working the H1 time frame here and we're only looking for TP3.
Previous short trade from Sunday can also be seen on chart.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.