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Ethereumanalysis

ETH: Ready for a breakdown?ETHUSDT looks ready for a breakdown: We are above the 180 EMA, resistance-turned-support, and the Ichimoku cloud. But, we have formed a triangle, that looks ready for a break, considering the current trend is still a downtrend. The triangle will probably break down pushing us below the Ichimoku cloud, turning it into resistance. Volume has been following quite closely the moves in price, so no divergence here. I believe this last few hits against this area of support have eroded the buyer's capacity for keeping prices this high, confidence is not great and bearish sentiment might soon go into overdrive at any sign of FUD. Based on this, I'm really looking for lower ETHUSDT prices and going back into the 2K to 1.5K range for a while. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL IN TRADING.
Short
by CryptoEstratega
5
Ethereum pullback to 2K??!Ethereum looks like we are going to see a pullback to 2K before we start moving back up again. We saw a break of the 0.5 FIB level and our next major support is just over 2K. We see the MACD has been very jagged recently with multiple bullish and bearish crosses and now we are just seeing the start of another bearish cross. It seems like ETH wants to start moving up but is being held down by BTC just like most of the market. very rare to see a 2 green bar cycle on the macd histogram that's why i think we are being held down. Also something very crucial to watch is that bottom bollinger band we are creeping closer and closer to that bottom band and if we do start riding it we could be in for a significant pullback maybe even lower than 2K. But i personally will see this as a great buying opportunity and will look to grab some more. And we all know the strength of ETH we have already witnessed it earlier in this cycle! Now the RSI does seem to be getting stuck below that 50. point midline and we keep seeing bounces off of it and i wouldn't be surprised if we see another. Remember only when we see a full break above this level and a confirmed hold will ETH be considered in a uptrend. So as we continue like this just like 99.9% of the market we are in a confirmed downtrend and or a mini bear market. I dont think this bullrun is over at all i believe we are just seeing a cooldown with big institutional money flowing into these projects but thats just my opinion! Not financial advice!
BITSTAMP:ETHUSDShort
by JacobR905
1
Ethereum (ETHUSDT) Potential Short Scalp Entry Soon!Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. There is a potential short trade coming up on ETHUSDT, key word is potential. We need to wait for confirmations before jumping into the trade. I'm waiting for price to test the 2470-2490 zone, get rejected on large volume and large candlestick formation, before taking a scalp short. Of course, price can break through the 200MAs and continue to go up, in which case I would pass up on the short and look for a potential long. That is how I trade, being flexible and adapting as market conditions change instead of being stuck in a certain view. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
5
ETH going to hold the 0.5 FIB!ETH has ran up with 3 green candles pushing through the top resistance of the pennant and aswell as the 0.5 FIB Level, i talked about this in my last TA for eth. We seem to be solidly holding the 0.5 FIB now and we will have to get that confirmation soon, this is a pretty solid support, resistance level imo. Our RSI bounced off the 50. point and we are slightly coming down. we are due for a nice breakthrough into bullish territory after not since later May. The MACD saw a bullish cross recently and we are starting to see nice separation on the MA's bit is still to early to really know. Last the EMA ribbons are very important as they show momentum bullish and bearish and while ETH being in the minority of coins that didnt start to flip bearish with the ribbons we are showing very good resistance from the bulls. We do have to watch these though because if we we're to see a full flip bearish we could be seeing some heavy downside, i feel when the EMA ribbons squeeze hard like this there is momentum building and we are likely to see a pop soon whether that be staying bullish or flipping bearish. NFA just my opinion!!
BITSTAMP:ETHUSDLong
by JacobR905
ETHBTC continue to rally after breakoutETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern at 0.0735. The price target for this pattern is 0.09, which would be a new high for this bull cycle. While I would have preferred for this breakout to occur while both BTC and ETH were rallying as opposed to ETH dumping less than BTC, this setup could be a good place for some portfolio allocation, especially for those who have their portfolio mainly in BTC and looking to diversify a bit.
Long
by cryptotraderog
2
ETH and Altcoin takeoff??!!Ethereum has been steadily rising and slightly going sideways after our big recent correction and has been consistently been creating higher lows and has formed a ascending triangle(bullish) and overall looks very very healthy and primed for a next big move upwards! We are approaching the top and apex of this ascending triangle and i think we will see a nice breakout in the coming days (BTC is a factor keep in mind). We are seeing similar low volume like BTC but we all know that can change in the blink of an eye. Looking at the MACD we did recently get a bullish cross but movement has been pretty stagnent with our histogram only slightly printing larger bars. This can change if we start seeing some separation with the blue and orange MA aswell as some upwards movement, and aslong as they don't cross bearish we are looking great short term! the RSI aswell is in a compressed ascending triangle pushing up towards the Apex and the 50. point midline, feels like we will see a strong push through the 50. and then continue up and get ourselves into a confirmed uptrend which we haven't seen in a months time, lots does factor on BTC but we are looking good as of right now. Also want to shed some light on EIP 1559 which is set to launch in 45 days! this upgrade imo will work wonders for Ethereum as with every single transaction some ETH will be burned, i highly suggest researching this as imo will be huge, just think, slowly decreasing supply with either the same demand or greater demand! NFA Just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Bitcoin & Ethereum Breakout!Bitcoin (BTCUSDT) Bitcoin had some minor patterns the past few days, including a W-bottom and an ascending channel. But now that price is getting close to the apex of the symmetrical triangle on the higher timeframe, it is now the main focus. Two days ago price actually broke out to the upside, but then broke back down within the triangle, which is usually a bearish sign and suggests a higher likelihood of a following breakdown than another attempt at a break up. Price is now hugging the bottom of the symmetrical triangle, and it will be critical for bulls for price to bounce here. A break of triangle support, combined with the fact that price had a false breakout to the upside, would solidify the case for a continued breakdown in the direction of the overall bearish trend. The levels to watch are the 34-34.5K on the downside and 38-38.5K on the upside. A strong candle close below or above those levels with strong volume will likely dictate the direction of the breakout. Ethereum (ETHUSDT) Ethereum is coiling up for a large move as the 200MAs have flattened, and price keeps coming back to the 200MAs. If price were to break below the 200MAs, price could collapse quickly, so it is critical to watch the 2500-2600 support zone. That said, the bullish scenario of the W-bottom breakout pattern is still a potential setup, with the key level to watch being 2900. A break above 2900 with strong volume would confirm the larger W bottom breakout pattern and give a potential target of 4000+. Ethereum (ETHBTC) The ETHBTC pair has broken out above the golden pocket resistance of 0.072-0.073 and have actually retested it as support, confirming the breakout. The third and final confirmation would be a break above the initial breakout high at 0.075. This shows that in the recent dump (whether caused by Elon’s Bitcoin tweets or not), Ethereum held up better than Bitcoin. While we technically have a breakout entry signal on the ETHBTC pair, I have not currently opened up a position because ETHUSDT hasn’t confirmed the move, and moreover BTCUSDT hasn’t confirmed the move either. In short, I want to see ETHBTC breakout to the upside in a situation where BTC is rallying and ETH is rallying harder rather than the current situation of BTC dumping and ETH is dumping less. This is because BTC is still king, and will ultimately drag down ETH if it cannot rally as well, meaning that in the former situation, the ETHBTC breakout is more sustainable. As always, I’m not a financial advisor, do your own research, and stay safe!
by cryptotraderog
Bitcoin (BTC/XBT) & Ethereum (ETHUSDT/ETHBTC) Potential BreakoutBitcoin (BTCUSDT) After breaking out of the W bottom at 36.5K, Bitcoin rallied slightly before coming back to retest the neckline of the breakout. In fact, there was an hourly close below the neckline, suggesting a potential failure of the W bottom breakout, but price then quickly rallied above, bouncing off of the neckline and the 61.8 Fib. Price is now back at the 200MAs @ 37K on the hourly char. Bitcoin seems to also be in an ascending triangle, and on the upside we have the 38.5-39K zone, which is the confluence of the triangle top and the channel top as a potential area of resistance. On the downside, we have 35.5K, which is the confluence of the 61.8 Fib and the channel bottom Ethereum (ETHUSDT) After breaking out of the W bottom at 2450-2500, Ethereum had a nice rally before coming back to test the 200MAs. For the time being, the 200MAs have been flipped from resistance to support. If price can stay above the 200MAs and either move up or consolidate, there will be a good chance that Ethereum is gearing up for a major leg up. As mentioned in yesterday’s post, the key level to watch is 2900. A break above 2900 with strong volume would confirm the larger W bottom breakout pattern and give a potential target of 4000+. Of course, before reaching that target, we have the all-important golden pocket of 3350-3450 that needs to be cleared, but even a move to that zone would give a very profitable trade. On the downside, we have the 200MAs at 2550 as the first level of support. Ethereum (ETHBTC) After breaking out of the W bottom at 0.0685, ETHBTC had a nice run up to the golden pocket of 0.072-0.073. This zone has served as the main level of resistance since we bounced from the bottom of 0.055. Price has failed to break above that zone in 3 prior attempts, and is now in that zone once again. If price can finally break through this zone, ETHBTC will likely go on a massive run. Not only will price have cleared the golden pocket which has served as major resistance, it will also confirm the larger W bottom breakout pattern. This would give us a potential target of 0.09, which would be a new high for this bull market. Of course, we would want to make sure that the ETHUSDT chart is also confirming the move to give extra confidence. On the downside, we have support at the 200MAs at 0.07. As always, I’m not a financial advisor, do your own research, and stay safe!
by cryptotraderog
4
Ethereum, ETH - keep in mind 2 scenarios👆🏻Now price formed local zone 2600-2900. I think if the price will squeeze to the resistance line and make a breakout. It will be a good pattern to buy and fast impulse. The same situation to support line. If we squeeze to support line, we'll have a great entry point for short after breakout and retest. I would like to say to the newbie (the experienced already understand) that we're traders and must be ready for all variants. To think in one direction in such a market is suicide. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
18
Ethereum ready for take off?!Ethereum is gaining some steam pushing towards that 0.3 FIB level and 50 SMA, the very key thing about the 50 day moving average is when we are in bull market our candles tend to ride ontop of the 50 day and use it as support, this can be seen looking to the very left up until recently. I think once ETH pushes up and breaks this 0.3 FIB and finds support again ontop of the 50 day we could see another huge pump for ethereum, especially with BTC dominance falling! Our RSI is getting very close to that 50. point line we're if we see a confirmed break above we will get a lot of momentum, lots of bullish indicators flashing guys. On the MACD we are seeing very bullish separation on our MA's with no sign of slowing down anytime soon, we are just about pointing straight up, the red macd lead is flying high pushing above that mid histogram line. Could see some crazy explosions in alt coins coming up soon! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Eth Scenarios! Hi Folks! We are still in uptrend channel on Eth if we look the logaritmic way. Possible price action will be a double bottom on daily graph. My current position is short in a short term. In a long term perspective our way will be ended on the moon.(This is too long so we should take profits till the days are come up!) I am waiting one of the uptrend pattern to open long position. Short is more profitable till uptrend pattern show up. Make your own strategy! Market is too risky in these days. take your profit! Rules: 1. Do not lose money 2. We can make money!
by cacashinakamoto