ETH +10% in the next days?Hello hello! I made a quick analysis on ETH on a daily timeframe and I see some potential of another aggressive move of at least 10%. The EMAs are close to cross, indicating a bullish environment, the moving averages overall shows a strong buy, and a strong zone of resistance was recently broken, so the next target should be the next zone - at 1373. On the retest of the previous resistance we can be looking for an entry, giving us a 10% move until the next zone.
What do you think? COINBASE:ETHUSD
Ethereumforecast
Ethereum Analysis 03.12.2022Hello 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!
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash .
* The November Unemployment Rate somehow stayed at 3.7%, with Nonfarm Payrolls increasing by 263k ... in the face of ramping layoffs and hiring freezes, this is pretty astonishing. The Federal Reserve has got to be wondering how the job market has remained so resilient with a dramatic slow down in demand due to a shrinking Fed balance sheet and rising federal funds rate. Though it has yet to be seen whether the narrative has changed on a potential slowdown in rate hikes starting on 12/14 (from 75bps to 50bps).
The Committee on Agriculture, Nutrition and Forestry held a hearing today on the FTX collapse ; you read that correctly, this is currently the Senate committee most responsible for overseeing Crypto regulation through the independent agency CFTC (which the committee created in 1974 to handle currencies and other nonagricultural assets). SBF is said to have met with the CFTC 10 times in the past 14 months . SBF was interview by Good Morning America on 11/30 and denied improper use of customers' funds ; this will likely come back to bite him in the ass if regulators finally get around to compiling all of the evidence against him. For one, he told Andrew Ross Sorkin at the NY Times DealBook Summit that he first "really knew there was a problem on November 6th" (start at 22 minutes) , which directly contradicts a since-deleted Tweet on 11/07 assuring people that "FTX is fine. Assets are fine" and that it was just a malicious attack by a competitor . Secondly, he claims to have no idea how his parents were listed on the deed for a $16.4m property in the Bahamas that was intended for FTX staff . US House Rep Maxine Waters candidly invited SBF to participate in the US House Committee on Financial Services hearing on 12/13 .
US Treasury Bills, US Short-Term Bonds, Silver, CNYUSD, JPYUSD, GBPUSD and EURUSD are up. DXY, US Long-Term Bonds, US Equities, US Equity Futures, Cryptos, Commodities, VIX, HSI, N100, and NI225 are down.
Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. *
Price is currently forming a minor Ascending Triangle pattern at ~$1290 as it continues to hover above $1270 minor support, the next resistance is the 50MA at ~$1333. Volume finished today's session Moderate and favored buyers (it has favored buyers in three of the past five sessions), it's currently on track to favor sellers if it closes tomorrow's session in the red. Parabolic SAR flips bearish at $1067, this margin is bearish at the moment. RSI is currently trending down slightly at 53 after being rejected just below 55.31 resistance, the next support is the upper trendline of the Symmetrical Triangle from February 2020 at ~50. Stochastic is currently crossing over bearish at 95 after forming a Double Top at max top (it is still trending in the 'bullish autobahn' so this isn't a bearish indicator yet). MACD remains bullish and is currently trending up at -14, the next resistance is at 27.77. ADX is currently trending down at 31.46 as Price is attempting to push higher, this is mildly bearish at the moment.
If Price is able to push higher then it will likely test the 50MA at ~$1333 as resistance before potentially retesting the upper trendline of the descending channel from November 2021 at ~$1375 as resistance . However, if Price breaks below $1270 minor support , it will likely retest ~$1100 as support before potentially retesting $1000 minor support . Mental Stop Loss: (two consecutive closes below) $1269 .
ETHEREUM: $1500 POSSIBLE!Ethereum Update:
Slowly and steadily, ETH is climbing up the ladder toward the $1500 resistance level. If everything goes smoothly then we can expect ETH close to $1500 very soon. The support level will still remain the same at $1100 and if ETH goes below this level then we can reconsider a new support level. For now, aiming towards the $1500 with support at $1100.
Trade safely.
ETH - Trade Plan Buyers are advised to wait for a bullish breakout of the accumulation triangle, and form a bullish pennant pattern and go long till the projected staff of the flag.
Sellers are advised to wait for a bearish breakout of the triangle, and formation of a ascending wedge pattern and go short till the projected price of base of the wedge.
📉✌ETH Daily - Target 1200?✌📈BINANCE:ETHUSDT
COINBASE:ETHUSD
We are still in a bearish trend.
But the possibility of a trend change is not far from expected.
If you have a sell position, risk-free it or lower your stop-loss.
Between now and inside yellow area below, you can open long position in two steps.
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what you think.
CrazyS✌
Eth back above 1250. 1420 and 1700 zone could be next targetsAs I said in my previous analysis, there are 3 major cryptos that I really like: Ltc, Eth, and Bnb.
With both Ltc and Bnb working very well, it seems is time for Eth to recover recent losses...
Technically speaking, the recent drop found a strong floor just under 1.1k with bulls taking control twice in this zone.
Last week's drop is a higher low relative to 1.1k and a daily close above 1.3k would also confirm a double bottom in place.
The first resistance is at 1420, but in my opinion, 1700 is more likely in the medium term.
This bullish scenario is negated by a drop under 1.1k
ETH Ethereum: 1D Chart UpdateToday you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum is inside a triangle looking to complete a formation of a potential Bear Flag Pattern. The measured move of the Bear Flag formation is under $600. The price currently has two paths by either staying inside the triangle until completion or headed down.
I think the $600 range may be resting place before more downside based on my prior ETH charts.
I have been calling drops on crypto since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
ETHUSDT in the range short-term moveIf ETH breaks the resistance at 1230$, we should see a move towards the next key resistance which is at 1290$ .
Currently the price remains in the mid of the range. Pullback to the bottom of the range is still possible.
2 scenarios visualized on the chart.
Break below the support (green line) would be an invalidation . Stop loss in place is highly recommended . Good luck
ETH SHORTWELCOME AGAIN TRADERS,
Today I bring my signal on ETH, this evening we have the release of the minutes
from the last FOMC conference which may give us a hint as to what will happen in mid-December with interest rates.
This trade looks pretty risky to me the dollar needs to hold the current level around 107 today for this trade to work.
STAY TUNED
ETH Daily TA Cautiously BullishETHUSD daily guidance is cautiously bullish. Recommended ratio: 65% ETH, 35% Cash.
* CRITICAL RESISTANCE WATCH . China's refusal to adapt to the reality that the virus they helped introduce to the world likely cannot and will not ever be eradicated weighed on markets yet again in a short trading day for US Equity and Bond markets. TBH I hope there is more upheaval and that Chinese citizens are able to overcome this lockdown battle that is frivolous at best. This may have bled out into Crypto markets but it was rather temporary if it did.
Cryptos, Equity Futures, DXY, Long-Term US Treasurys, Gold, Agriculture, N100 and VIX are up. US Equities, Energy, EURUSD, GBPUSD, JPYUSD, CNYUSD, HSI, NI225 and Short-Term US Treasurys are down.
Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14. *
Price is currently trending up at $1220 as it approaches a retest of $1270 minor resistance. Volume finished yesterday's session favoring sellers and is on track to favor buyers if it can close today's session in the green; it has been shrinking for 5 consecutive sessions now which is indicative of an impending breakout/breakdown. RSI is trending up slightly at 45 as it approaches a test of the descending trendline from February 2020 at 50 as resistance. Stochastic remains bullish and is currently forming a soft peak at 98 as it approaches a test of max top for the first time since September 2022. MACD crossed over bullish in today's session and is currently trending up at -61, the next resistance (minor) is at -46. ADX is currently trending down slightly at 46 as Price is pushing higher, this is mildly bullish at the moment.
If Price is able to continue higher then it will likely retest $1270 minor resistance before potentially retesting the 50MA at ~$1343 as resistance which should coincide with the uptrend line from June 2022 (as resistance). However, if Price breaks down here, it will likely fall back to $1100 before potentially retesting $1000 minor support . Mental Stop Loss: (one close below) $1100 .
ETHEREUM HODL OR SELL FOREVER....-Looking at the Weekly chart we can obviously see it is in a major down trending channel and we will see more downside if we are to break the yellow trend line.
- The blue lines draw represent the overall macro bear market Ethereum has been trading in since Nov 21'.
- This is scary to see because this macro bear market could last for years.
ETHEREUM: NOT YET BULLISH.Hello traders, here's a quick update on ETH in a daily timeframe.
For the last 7 days, ETH is ranging between $1150 to $1300 not showing any sign of bullishness. On the 8th of November 2022, when ETH dumped -32% it quickly made a bounce back creating a support line below it. So far ETH has well maintained the support and it must continue to do so to stay above the $1100 range. If ETH breaks down the support line, it may possibly take another bearish turn and could be below the $1000 level.
On the other hand, a bounceback from the support is expected and this expectation could be a 35% pump on ETH.
Let us see how ETH reacts to the recent market situation. For now, I will wait and watch patiently.
I hope this update will be helpful for you all. Thank you for your continuous support.
Trade safely.
#ETH/USDT 36%+ Potential Pump. RR 1:8 !!I've already shared the reason I am opening this long in my last BTC update.
(The link is at the bottom of this update)
ETH/USDT
Entry:- $1085 TO $1167
(5.39% is the accumulation range from CMP so plan your entry accordingly)
Stop Loss:- $1052.94
Target:- Open (Possibly +30%)
RR 1:8 (Highly Lucrative)
This is not financial advice. Always DYOR.
These are my trades.
Do not cry in the comments if you can't afford the Stop Loss or go for 125x gambling.
If you like me to post more. Share this idea with your friends and communities and please hit the like button.
I have been with you in the bullish days and the bearish days.
We are going to have an amazing bull run for sure.
Cheers!
Thank you
#PEACE
3 TradingView indicators for trading EthereumTrading Ethereum can be a completely different experience to trading Bitcoin and other cryptocurrencies. While most cryptocurrency will typically move in unison, each Cryptocurrency does still have its own fundamental factors unique to its particular ecosystem, which means that they can move at different intensities and sometimes these unique aspects means they won't move in unison at all.
This can be very much true for Ethereum and it can frequently diverge from general market sentiment and forge its own price action path. As such, Ethereum traders might like to pay attention to indicators that were designed to fit this asset class. In this article we explore three such indicators and their use with to trading Ethereum.
Performante's Average Ethereum Volume Indicator
The Performante's Average Ethereum Volume Indicator uses volume flow from the biggest cryptocurrency exchanges, to determine the average trading volume of the asset. The benefit of this indicator is that you now can see a more accurate and all-encompassing idea of the volume of the asset being traded, rather than a volume flowing through one exchange/ broker.
Ethereum Long-Short Ratio
This indicator is important for understanding market sentiment as derived from the number of long traders vs the number of short traders.
Effectively, the higher the ratio (the higher the orange bars) means that long traders out number short traders, the we might have more confidence in the bullish prospect of Ethereum. Conversely, a lower the ratio, or the lowering of the ratio, might indicate the declining bullish prospect of Ethereum.
Correlation Coefficient
After you select this indicator, you will be presented with a popup box for you to choose an asset that you can compare with Ethereum. Your selection here could be banking stocks, tech stocks, Bitcoin, another cryptocurrency, or any other asset that aligns with a theory you have about Ethereum moving in relation to the movement in another asset.
The Correlation Coefficient Indicator is range bound between 1 and –1. If the indicator is switching between the bounds of this range or hugging close to 0, it typically means that the relationship between the assets is not very strong or predictable (as 0 indicates no correlation). What you want to watch out for are assets where the indicator remains close to 1 (as this indicates a high positive correlation) or -1 (as this indicates a high inverse correlation). Either way, a positive or inverse relationship can be used to help determine the movement of Ethereum via this other asset.
Ethereum price target still heading to $754 which sucksWe did this analysis last month and the price is still coming down based on the Descending Triangle.
First target is $754. This actually is sad because I am a big supporter of Ethereum and what it stands for with future technology with smart contracts.
But right now, it can't beat the Crypto Season of snow and will continue down...
I will wait for Ethereum to hit about $2,000 before I buy a couple of them for long term investments.
Until then, this winter can last a few years before the aftereffects from FTX, BTC, Luna and Crypto.com (soon) resolve.
Ethereum Analysis 22.11.2022Hello 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!
ETH Ethereum: $600 Range IncomingToday you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum is inside a triangle looking to complete a formation of a potential Bear Flag Pattern. The measured move of the Bear Flag formation is under $600. The price currently has two paths by either staying inside the triangle until completion or headed down now. Interestingly MFI (Money Flow Index) shows an uptick in the short term and the RSI is at a support point.
I think the $600 range may be resting place before more downside based on my prior ETH charts.
I have been calling drops on crypto since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
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
Why i think ETH will hit 600-800 area in the next 30-60 daysHonestly i dont feel for making a description (most will not read it anyway)
But target is 600-800 for obvious reasons.. I think BTC and crypto got much more to fall before recovering!
But as you can see i also do kinda expect a little pump before the next dump NFA,DYOR
We shall see.
FTX Hacker now 36th largest holder of ETH EthereumFTX "hacker" has converted 25,000 ETH worth $30 million into Bitcoin , on-chain data reveals. Total ETH stolen is valued $288 Million.
So 3% sell-off for 10% of the stolen value.
Imagine if the hacker sells more!
On the other hand, Grayscale won’t share proof of reserves, citing ‘security concerns’.
Grayscale theoretically owns 3.3% of the Bitcoin market cap. LUNA owned only 80k BTC, while Grayscale owns 640k BTC.
MSTR MicroStrategy gets a liquidation call at $13500K for BTC.
Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before Monday, Nov 21.
My Price Targets for ETH Ethereum are $1055 and $875.
Looking forward to read your opinion about it.