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.
Ethereumanalysis
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.
Ethereum Looking for a rebound against BTC!Ethereum has been following my second path pretty closely we got rejected off resistance at 0.073 and we have trailed down to support at 0.071 and we are looking for a very important bounce here coming up on our daily close. Looking at the bollinger bands we notice one thing that is not very ideal but isn't super crucial, we have fallen below the midline which is support but we are looking like we will close below here for our DC, this will flip the midline to resistance and could give us a bit of trouble when we try and rebound upwards. However it definitely isn't crucial because with some decent momentum we should be able to blast right through here once again and flip it back to support. Now the RSI, a big part of the reason i think we are looking at a rebound here or coming up shortly is because the heavy supports we have on the RSI, we have our first coming from months back which we are currently bouncing off of and then a hair below that we have decent uptrend support coming from a month or so back. Next up for supports is the midline on the RSI, this is by far the most crucial level that we must hold, if we do we will remain in a confirmed uptrend which obviously is great, but if we do fail to hold this level, fall below, and struggle to regain it we could be looking at a short term downtrend, above the midline once confirmed is a clear uptrend and then below once confirmed is a clear downtrend, could be short or longer term either way. Now lets look at the declining squeeze momentum indicator, we are coming up close on the midline where most people would think we would be soon entering a red bearish squeeze but due to all this support we have especially on the RSI i think there is a good chance that we see a fakeout and continuation of a green bullish squeeze here, just before this current green cycle we had an extended red cycle that had 2 waves of bearish squeeze. so it is definitely a possibility we see something similar here with our current cycle, i have a rough path drawn out showing what we could potentially be in for and its not out of the question. At some point soon we gotta see an increased green bar showing signs of a reversal, and from there we need to see daily increases in our bar size and then we will be in another confirmed bullish squeeze, the squeeze portion is shown by the black crosses on the midline and the squeeze release which is the very explosive part of this is shown by the black crosses turning white, majority of the time when we see the release we get an explosive to the upside in this case! Not financial advice just my opinion!
Ethereum is a sell 📉👀This one isn't for you buy and holds I'm not saying Ethereum is going to tank.
But our script says it time to sell on this simple 1:1 RR strategy.
We are using our trend following EDGE strategy for this trade.
Entry details are shown on the chart.
Working the 45M time frame here and we're only looking for TP3.
Previous trades can be seen on chart.
The trade history can be seen at the foot of this trade idea too for full transparency.
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.
ETH New ATH & Price Discovery!!Ethereum is continuing to run in beast mode almost making new ATH's everyday, we are still travelling up and respecting our ascending channel as we are once again pushing that 0 FIB or our ATH! We could be considered in price discovery mode right now but i think with some big momentum we could be blasting off to go on a huge run to the upside, facing currently no resistance levels once we break above our ATH! We have a bunch of very solid support levels underneath us with the bottom of the ascending channel aswell as uptrend support inside the ascending channel we got the R1 Level which is now support and then aswell as the midline coming from the bollinger bands, if we do see a couple down days i really don't expect us to go very far. Now something else very interesting with the bollinger bands is our price action is currently sitting directly ontop of the top band, and now we haven't seen an explosive climb up this band yet in this ascending channel we could be looking at a mega one coming up soon, our daily close is looking like we will close directly ontop of this band which is always a very very good sign and could send us flying to the upside, plus pair that with our current situation of being in price discovery mode and having little to no resistance above us.. seems like a recipe for a massive run up coming soon! Now the MACD is starting to look good, we have been seeing lots of tight movement from the MA's with a flat histogram but we could be getting ready for another bullish MACD cycle, we are yet to create a bearish cross and if you actually look at the histogram starting from the verticle line i drew we are seeing something very positive, a daily increase in our green bars, this is a very good sign and could be signalling the start of another bullish cycle on the MACD, we gotta see this continue though day after day increasing green bars showing a rise in bullish momentum, we can't see a flat histogram or a decreasing one, this would likely result in a bearish cross putting downside pressure on ETH. Now the MA's are starting to show some positive signs, the blue MA is ticking slightly to the upside which is what we wanna see, we gotta see that separation in the MA's lessening the chance of a near term bear cross and allowing for a little downside without triggering a bear cross! Overall no matter what we do in the coming days i am extremely bullish on ETH and altcoins going through this month, also should point out BTC dominance is currently slightly rising putting some pressure on the altcoins but once we see a rejection or a bit of a drop i think the altmarket is going to start exploding with many coins likely too create new ATH's! Not financial advice just my opinion!
50% pump on ethereumHi, we might have just found support using a linear regression model. From September 21st we have found support on the lower trendline on numerous occasions. But the most interesting part on September 28 we just had a run of 50% from 2800 to 4300.
LINEAR REGRESSION -analyzes two separate variables in order to define a single relationship.
In chart analysis, this refers to the variables of price and time.
NB-If you like my analysis please follow me on twitter.
Ethereum going to breakout!!?Ethereum has been performing so well against bitcoin with us having a huge climb to the upside and we are currently at the apex point of this bullish triangle and we are looking for a breakout! Likely to the upside i personally think, following a breakout upwards i think we could definitely see a rejection off of the next resistance level and then there is some possible sideways movement that will follow, i think that there is a good chance after the rejection we will be coming back down to test the resistance we are currently at as shown by my path, and keep in mind that is a rough path and we could see a longer period of sideways movement. We are also looking at regaining the last pivot point which is shown to the left slightly above our current resistance which would be huge, and then the R1 resistance level and that is part of why i think we will most likely see a rejection once we reach that point. Also should point out that ethereum created a new ATH today on its USD pair and that definitely brings lots of bullish momentum to the table and puts us into price discovery mode which is mega bullish! Another scenario that i should point out is if by chance we see a breakout to the downside we have very solid support coming from the 0.2 FIB where a fakeout scenario could come into play, many traders will think heavier downside is coming if we breakout of this triangle bearish but we will almost certainly bounce off the 0.2 FIB before then taking on the same sort of path just on a longer timeframe, as shown by the yellow path. Now the MACD is looking good we have good spacing inbetween the MA's which is key and lessens the chance of a near term bear cross but the main thing is that id say we still have some momentum to get a nice break to the upside here and once we see that R1 rejection that will likely be the point of a bearish cross but will allow our MACD to reset and cool down a bit before taking off again! Not financial advice just my opinion!
ETHUSD - Ethereum is going down!My TA on 1D shows that:
1. Price came out from the ascending wedge at its peak.
2. Vertical volume decreased while price went up.
3. RSI shows divergence against price.
4. MACD confirms RSI's divergence.
5. Based on horizontal volumes liquidity for MM is concentrated on given level on the chart.
Correction for the last impulse is logical. Correction can fly down Fib starting from 38.2% to 50% and 61.8%. That would be your TP.
It is common for ETH to lag behind BTC, but in the end it follows BTC's trend. There is more fundamental analysis on Bitcoin in my article linked below.
ETHEREUM #ETH CHART CONCERNSThough I really want Ethereum to continue the rally and get to the next higher high, I am concerned that the rising channel may lose steam with lower volume and RSI still high. Lastly, if BTC can't stay sideways or rising, there may be a correction in sight. Be careful trading.
I enjoy creating scenarios. What are your thoughts? Comment below and hit the like please. Thank you!
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
Ethereum Set To Outperform BTC!!Checking out Ethereum vs Bitcoin on the daily timeframe we see a confirmed Bullish Divergence! This pattern signals a reversal coming ETH, we have been in a clear short term downtrend from the highs in the beginning of september and we are finally set to explode against BTC, pair this with Bitcoin dominance starting to slide we could be looking at a mega run for the altcoins! We are currently holding the 0.3 FIB level and we do have support from the bollinger bands midline right below the 0.3 FIB. Something else to take note of is we are pretty close to that top bollinger band and i think if we see a grab onto here we could be sent flying to upside taking out key resistance on the way! Any way you want to look at this bullish divergence it is very very clear, we have been seeing multiple lower highs on price action shown by the green trendlines, we have them from the beginning of september all the way until now! Now that we just got confirmation from the stoch RSI we are set for a massive breakout to the upside in a matter of time, The way you can find divergences is simply by seeing lower highs on price action or higher highs or higher lows or lower lows and then seeing the opposite on an oscillator, i personally like using the stoch RSI. Basically if you see a uptrend line on price action and a downtrend line on the oscillator or vise versa, but keep in mind there are different meanings for each divergence so that is up to you to find out which one you are seeing! Taking a look at the MACD we are seeing on the histogram yet another increase for our daily bar which is a good sign and shows growing bullish momentum, we want to see this continue for that reason, if we do see a decline a bearish cross looms but always remember there is a chance it is a fakeout and we could see a rebound with another bull cycle on the MACD, Notice the MA's we are seeing good separation with the blue continuing to push upwards and moving further away from the orange MA, we also want to see this continue to play out because it lessens the chance of a near term bearish cross and it also shows an increase with the bull momentum! We have many targets we could talk about but the main one for me that i will talk about in a later TA when we actually see a breakout is the highs we saw at the beginning of september, this reversal along with the grabbing of the top bollinger band could most definitely send us up that far but that will be for a later TA as we still have a ways to go! But things are starting to look very very good for ETH and the altcoins and i woulnd't be surprised if we saw a mega altseason coming up in the near future! Not financial advice just my opinion!
ETH #ETH Ethereum Log Chart $24K incoming?This is a monthly chart on a Log scale for Etherum for three cycles. I included in Fibonacci patterns as well as taking into account days. Drop in a comment and I will surely give you my feedback. I am unsure if it is all too possible but $24K ETH to USD seems to be coming soon. Something is brewing for sure. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice.
Ethereum Climbing Back Up!!Since we were trading withing the bullish triangle a little while ago i talked about some very nice looking upside on the horizon and we have seen just that with a strong breakout and a steady climb back to the upside! PS. This drawing was not the Bullish triangle i am referring too i erased it to clean up the chart a bit, we have taken out the 0.2 FIB level and we have had multiple retests with us being successful everytime, another key level we have successfully regained is the 3667$ and again we have had multiple retests succeeding. The next big test we are facing is the 4k level or aprx 3990-4000K level we have had one touch so far and we're rejected but we are still looking strong and seem to be taking a little cooldown resting on our current support level until we make our next move upwards! We also have uptrend support coming from around 2800$ and we have respected it all the way up till now, i see us holding onto this level following it upwards and ultimately i am looking for a reentry of our ascending channel shown above and then eventually the 0 FIB of course coming from our ATH! Looking at our Bollinger bands we seem to be inna very nice spot with price action well above the midline and not far away from that top band, i think we could be in for a rollercoaster ride up the top BB since we have not seen one in quite some time and we keep on wicking too the very top, likely just a matter of time before we have a nice upside day then eventually grabbing onto that top band taking it for a ride likely up towards that 0 FIB level, if the momentum is there i don't see us having too many problems shredding through this level and creating a new ATH and aswell entering price discovery mode! Looking at the Reversal Momentum Indicator we are in a slight downside right now but we see the orange curling heavy to the upside and coming towards the blue, we don't want too see a bearish reversal with the blue going under the orange but we could definitely see a little fakeout where we get a nice bounce off of the orange to continue this upside climb! Checking out the ADX we are looking good and seem to have found some footing a decent bit below our previous high, we are starting to turn to the upside with the direction looking to start an overall reversal after having some significant downside. A must watch for Ethereum is price action grabbing onto that top bollinger band, the RMI getting a bounce and keeping the blue ontop, and aswell the RSI which isn't currently on the chart, we need to stay above the midline to continue the uptrend, we are significantly above the midline currently near the top of the zone so thats why i decided to leave it out of this TA but always keep an eye on that! Not financial advice just my opinion!