ETH - Tighten your belts! Reversal incoming!Hello dear Investors, Traders and of course Beez!
Quick TA update on ETHUSDT coming up right away. Make sure to take notes and comment below if you are having any question! So stay tuned!
First things first, as we can clearly observe, today price rejected at the Ultimate Resistance - 4hr Bearish Orderblock area around 1670$ and as we forecasted on previous post on ETH, that could possibly be the peak of the relief rally, indicating us, reversal.
Technicals that are being utilized in this chart analysis for us, to determine the next moves of ETH are the following:
Volume
RSI
MACD
So without more noise, lets cut to the chase:
When it comes to Volume in correlation to price activity, we observe that, price is keep rising while volume steadily decreases, indicating us Bearish Divergence.
Moreover, MACD waves seems weaker, compare that, to strongest price buying power
Last but not least, RSI is in the overbought area and has formed Bearish Divergence, as it recedes while price keep rising!
Consequently, we can clearly see that this relief rally is more likely a liquidity grab in order to create a lower low, rather than a healthy recovery! After all, what burst up, without consolidation, it has to go down eventually!
IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis!
DISCLAIMER: This analysis is not intended to encourage any buying or selling activity of any particular securities. In addition, it should not be considered as ground for taking any trade action. Hence, your own diligence is highly recommended before entering any trade.
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Best Regards, CryptoQueens.
Ethereumanalysis
ETH Technical analysis & Next moves 1st Quarter!Greetings and Happy new Year fellow Investors Traders and ofcourse beez!
In our today's post we will analyze ETH next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . As we can observe on the chart, there are 3 possible scenarios that might play out based on our analysis. Since Mid-July, there is a HUGE Bullish Orderblock, around the area 1090$ - 1035$. As long as we stay above these levels, everything looks positive and we are safe and sound.
IMPORTANT: Keep in mind though, Orderblocks tend to act as a magnet, therefore, sooner or later we WILL visit this area.
In the case of breaching 1090$ support area, that holded well so far, we will test the lower threshold level of OB at 1030$, which is the least possible scenario (2) based on our plan.
At the time of the writing, after price tested the upper OB, that was created on 20th of December, it acted as a resistance, and bulls took over. It is also important to mention that, price and volume has been forming a bullish divergence, indicating us a buy signal and that Scenario 1 and 3 are more likely to occur. At this point it is important to mention, that based on the price behavior the last months, there has been a huge liquidity area (FVG), that hasn't been explored since then, and MUST be, the one way or the another.
Consequently, after today's leg up and after being rejected of the nearest support zone, we strongly believe, that the next moves involve, bullish action.
SCENARIO 1: Indicates, retest of the lower level of the Fair Value Gap, having our TPs at the level of 1340$, that acted as resistance. and then sharply correct to the lowest Resistance area, at 1080$-1100$.
SCENARIO 3(HOT): After retesting the lower level of the local FVG, break through, and close the Gap, leading us to the ultimate Resistance area indicating on the chart, at the area of 1660$. Make no mistake though, market sentiment is still bearish, and according to this plan, price eventually, WILL test the lower levels around 1080$.
Consequently, after analyzing all 3 possible scenarios, and taking under consideration that the correlation between price and volume, we undoubtedly suggest that a good Long entry price is:
Entry Price: 1230 - 1250
TP1: 1340$ (Liquidity Pool)
TP2: 1425$ (Mid-range of FVG)
TP3: 1660$ (Ultimate Resistance Area - Reversal point)
SL: 1180$
IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis!
Not a Financial Advise!
Trade with Caution!
Best Regards, CryptoQueens
Ethereum ETH: 1D Chart UpdateToday you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum price has been pumping recently and there is potential for it to keep moving higher, but ETH price and the RSI just made a lower low. If price keeps heading lower, it may come back down to where the recent pump started which is about a 30-35% correction, similar to my recent BTC price chart. The area of support is in the $1K region. RSI may be cooling down as well. Volume doesn't look strong.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
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! #millionaireeconomics
#Ethereum Bulls Firm, will ETH Breach $1.7k?Past Performance of Ethereum
Ethereum is firm, swinging higher, and within a bullish breakout formation. After closing above the resistance trend line, ETH has been floating higher. However, prices are still below November highs at around $1.7k. This resistance line is critical and must be broken to validate the upside.
#Ethereum Technical Analysis
Bulls are confident, considering the series of higher highs in the past few days. Support lies at around $1.5k, with the bull bar of January 20 defining the short-term trend. As long as prices are within this bullish engulfing bar and $1.5k, every low might be an entry. Conservative traders, however, may have to wait for a high volume close above $1.7k before digging in, targeting $2k. The upside preview holds water because ETH bull bars are along the upper BB, indicating participation and relatively high volatility.
What to Expect from #ETH?
ETH prices are in tight ranges. Even after the gains of January 20, there must be confirmation. In that case, the coin may surge above $1.7k. This may provide the necessary momentum for the next leg-up to $2k or better in the sessions ahead.
Resistance level to watch out for: $1.7k
Support level to watch out for: $1.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum Pump: How High Can It Go!Today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum price has been pumping recently. So where could the price get up to before a retracement? I used the VPVR (Volume Profile) and Fibonacci Retracement to get an idea of where the price will see resistance and possibly heading back down. RSI is very high so a retracement may happen earlier.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
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! #millionaireeconomics
Ethereum Analysis 20.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum Analysis 13.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum vs "Ethereum killer" who will rise in 2023The past 2022 was difficult and painful for all cryptocurrencies. But there were cryptocurrencies that depreciated by -60% per year, and there were those whose value decreased by -99.9999%
In 2022, the Ethereum team and community held The Merge (we think everyone who is interested in ETH knows about the main changes that have taken place)
Despite the statements of skeptics, Ether confidently took second place in the crypto world. From the volatility trading pair ETHUSDT, whose price grew rapidly in 2020-2021, ETHUSD is increasingly turning into an "index" that other cryptocurrencies are guided by.
Ethereum's buyers are confidently buying back Eth in t he important liquidity zone of $1000-1250 and have not allowed the price to fall below for more than six months.
This is a good sign that ETHUSDT price may grow maybe not very sharply, but steadily in the future.
On the chart, we have schematically depicted the possible route of ETHUSD price growth until the beginning of spring 2023 to the $1800 region
We described the possible general route of the crypto market price movement in 2023 in more detail in this idea:
Separately, We would also like to touch on the topic of "Ethereum killers". For some reason, marketers of various crypto projects that have been launched on the market in recent years have fallen in love with this narrative.
Someone said that Ethereum transactions were slow, someone said that the transaction cost was expensive, and someone said that the blockchain had a low capacity... etc. And every new project had to "bury Ethereum" in its problems.
But as the table below shows, each potential "Ethereum killer" for 2022 lost in value and capitalization proportionally much more than ETH itself
By the way, for each coin on the list, we wrote an analysis and our vision of the possible price movement. You can easily find what you are interested in using the search.
Write in the comments what you expect from Ethereum in 2023, and maybe we forgot to add some "Ethereum killer" to such an important list)
_____________________
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#Ethereum Bulls Preparing For a Leg Up to $1.7k?Past Performance of Ethereum
Ethereum is up 30 percent from November highs, reading from the performance in the daily chart. Technically, sellers have the upper hand. However, from the current setup, there are impressive upsides following the close above $1.35k with rising trading volumes. As it is, the odds of ETH rallying to $1.7k is amplified.
#Ethereum Technical Analysis
Ethereum buyers appear to be in control since bull bars are riding the upper BB. The upside has been firm, and trading volumes have been decent. Notably, the rejection of lower prices in the early days of January 2023 is a positive development. Conservative traders may load the dips following the conclusive reversal of November 9 losses since bulls are in control from an effort versus result perspective. The breakout is with rising volumes, ETH can therefore rally towards November 8 highs at $1.6k before buyers target $1.7k, hinting at reversals after deep losses in 2022.
What to Expect from #ETH?
There are glimpses of strength. ETH is above the liquidation line at $1.35k and a rising wedge, with expanding volumes. The first target could be $1.6k and $1.7k, as mentioned above.
Resistance level to watch out for: $1.7k
Support level to watch out for: $1.35k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum Analysis 07.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Buy signal for EthereumAccording to my free indicator "moving average sequential strat", Ethereum is a buy. Two days ago it fired off a buy signal. If we combine that with the positive price flip of the Fetch Trends, and we have a high probability that the price will go up.
Get both indicators for free, by clicking on my profile.
Ethereum breakout soonEthereum is creating a textbook wedge pattern, indicating a breakout soon. The only question remains, to which side?
In my experience, these types of patterns are bad in prediction the direction of the next move. The way I use them is to guess on when the next move may occur. And as far as i'm conserned, we're nearing the end of this pattern, indicating we can expect something to happen this month.
Now to give an indication for a direction: my bias is actually to the upside. We'll get a confirmation when the price is able to break the resistance zone. If we see a rejection, then the price is more likely to break bearish.
Fetch Trends indicator may also flip to an uptrend by tomorrow, giving a higher probabilty the price will breakout to the upside.
If you turn on the Fetch Trends indicator, and turn on the moving averages in the settings, then you're able to see that we may flip bullish tomorrow. You're able to find the indicator here .
Ethereum ETH is about to flash insane short signal!Hello, dear friends!
Yesterday we told about Bitcoin , which has to show us just another one leg up before crash. We have almost the same picture on Ethereum , but it has more crash potential and we are going to use it. I decided to open short not only on BTC , but also on ETH . Today I am going to show you the exact level.
Let’s take a look at the 1h time frame of the WHITEBIT:ETHUSDT chart . Here we can also see that the wave 3 has been finished and now the asset is trying to find the wave’s 4 bottom. Wave 4 has 3 end conditions:
Awesome oscillator zero level crossover.
Reaching the Fibonacci 0.38-0.5 zone.
Reaching the wave 4 bottom of the lower gegree wave cycle in the wave 3.
Conditions 1 and 3 have been met. I suppose that price should squeeze down to $1237 before the wave 5 start.
Let’s measure the target for wave 5. Wave 3, obviously was extended, that’s why wave 5 will be ordinary. It has the two targets: wave’s 1 length and wave’s 1 lenght multiplied by 1.61. To set the new high the second target should be the case. Therefore, $1274 is my target to short the ETH . Watch out my updates, I will show the underlying structure of wave 5 to have the sniper short trade entry.
Best regards, Ivan
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Ethereum Analysis 30.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum Analysis 23.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
#Ethereum in a Bear Flag, Critical Support at $1.15kPast Performance for Ethereum
Ethereum prices are firm. From the daily chart, there are higher highs relative to November 2022 lows and lower BB. Even though prices are under pressure, ETH bulls can build on gains of December 20, especially if prices reject attempts for lower lows. As it is, the primary resistance lies at $1.35k, while support is at $1.15k.
#Ethereum Technical Analysis
Overly, sellers are in control, analyzing the coin from a top-down, longer time frame preview. Of note, ETH remains inside a bear flag though prices are floating higher inside a rising wedge. For trend continuation, ETH bulls must confirm the gains of December 20. That means driving prices above $1.2k, with attempts to reverse the sharp losses of December 16. If the follow-through is with rising volumes, ETH may fly higher, allowing aggressive traders to fade the primary trend, targeting $1.35k. It is after ETH crosses $1.35k and the limit of the bear flag is when the coin can rally back toward $1.5k or better. However, losses below $1.15k may force the coin towards $1.1k and then $1k in the medium term.
What to Expect from #ETH?
Buyers are confident, but ETH remains in a bear formation with clear limits. Aggressive traders can double down on liquidation if prices dip below $1.15k. On the flip side, refreshing expansions above $1.2k and December 16 highs may be the foundation for even more gains in the near term.
Resistance level to watch out for: $1.2k
Support level to watch out for: $1.15k
Disclaimer: Opinions expressed are not investment advice. Do your research.