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.
Ethereumdollar
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.
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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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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 #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.
ETHUSD Comparable Points BULLSI just realised on the log chart for ETHUSD that the same structure we are experiencing now is poised between .786 and .618
using this information I can predict I possible top at 11K which is close to my previous target of 8K
Using both these targets ill come to a decision around that area when I will sell (if I will)
Linking important charts that are relevant and you should check out
ETHUSD Update Updated thoughts on ETH
Im not sure if the Top cap value for the ETHBTC pair is accurate, it may only correspond to ETHUSD
Using the ETHUSD chart where it is valid I have placed a target at 8K, i believe it will be fulfilled
You can see how the curved white line (Middle line) is descending upon the major trendline and is forming a rising wedge in the process
This formation 'rising wedge' is considered bearish in the books
See if it holds up or the bullish rising wedge is born
ETHUSD Very strong bull caseEthereum has just landed above a massive major trendline
It has also recovered from a pullback to .786, as it did in its first bull run
If its anything similar to the first bullrun move, the bars pattern I have placed is what we should be looking for
I want 8k
Still not sure whether I should jump out or just hodl through another bear cycle
The most INSANE scenarios of the YEAR - ETH $5000+ BTC $400 000+I think the optimal case scenario for the ETH would be reaching $5000 by the and of this year, then it should go further even till $10 000 next year.
I am very bullish not only on Ethereum, but on the all crypto market. It is not about technicals, but fundamentals. The current global situation benefits for the crypto markets. Inflation is growing all over the world, pandemic situation gets worse, companies are suffering and so on. I would not be surprized if would be declared a world crisis in the next 12 months. That would skyrocket cryptos to the moon. The panic caused the crisis could raise demand for bitcoin and cryptos.
Okay, it's just an idea, just my opinion on long term, but what if it becomes true? I am curious what are your opinions. It is possibly or no way to happen such things in the near future.
Let's start a conversation about the actual situation of the economy of the world and the key fundamental factors of the crypto market. Please describe your opinion, what do you think where will be cryptos in the next 12 months, let's accumulate all the fundamental factors and possible scenarios here.
Let's see the most insane scenarios of the year.
What's yours?
Ethereum Daily Idea ETHUSDTwice previously the 50MA has been a point of bullish rejection for price
Will we see a third rejection? and continuation upward?
It seems ETHUSD has built up a large support area that id like to assume will hodl
I want this to go to 8K
I also think Visa's recent purchase of a Cryptopunk NFT is very big news for NFT's and Ethereum and may contribute to a move upwards
ETHUSD Demand !Ethereum can be seen undergoing huge demand
This is demonstrated on the Weekly chart by these long wick ends
Price has consistently been pushed up before candle close
This shows demand throughout this price area
Coupled with a large support area, I expect bullish continuation on the Weekly timeframe based on this observation
The fractal everyone is talking about ETHUSDClear similarities both in price action and in MACD setups
Ethereum right now has a strong bottom setup and will likely hodl this bottom, leading to the bull part of this scenario with the ~200% increase
I have seen versions of this across twitter and Facebook and thought I would address it for my followers
I aim to exit mid next year at by then 8k or higher
Approaching May levels again! Will it break?Etherium seems to be climbing strong this time reaching all time may levels again. We might see a small pull back before we see a breakout or will it break straight through ? :D
If any pull backs, we might see it around levels 3300 and if support, then a break above the 4200 zone is likely.