ETHEREUM ETH price potential for growth near 40%The ETHUSDT price is behaving quite technically.
During the last month of trading, Ethereum buyers did not allow the price to fall below $1250 while retesting the strong liquidity zone from above.
This is a good signal of serious intentions and strength of buyers, and accordingly, a signal of possible future growth.
Today, ETHUSD broke through the first local trend line and is trying to consolidate above it.
A set of ETHUSDT longs from $1400-1450 is now justified and looks safer.
The potential for growth is in the area of $2000-2100. In our opinion, it will be difficult for Ether price to break above $2000-2100 the first time.
After all, $2000-2100 is a strong liquidity zone, which in 2021 has repeatedly acted as support, and in 2022 - as resistance from above. There is also a trend line in this range, which is the main resistance of sellers and indicates a downtrend for a year since November 2021.
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Ethereumforecast
IS ETH GETTING READY FOR SOMETHING BIG?Hello trader, today I gonna share with you an important chart on ETH. This may sound crazy but it seems like ETH is planning something big, maybe a new all time high by next year April.
Timeframe: 1 week.
Update: ETH has been under the radar to start its bullish rally ever since we saw the drop toward $880. It stayed strong at the support trendline and managed to bounce back after the drop but it wasn't convincing enough. This time ETH is making another attempt to give a kick-start. What makes this chart more convincing is the RSI and the breakout above the 21 MA. If this move is for real then this could be the last time we will see ETH at this price range before it makes a big jump. On the other hand, if ETH breaks down and closes below the support line then we will enter the bearish mode once again.
I know this seems so convincing but I would suggest not relying on one aspect of the market. I am just a TA guy sharing my thoughts and ideas. The best option is to do some research on it and then spend your money wisely. I hope this idea was helpful.
I will see you guys in my next update.
ethereum bear flag short to $755macro factors:
federal reserve quantitative tightening
money being sucked out of most markets
technical factors:
being supported on a grind line with each bounce being sold off more and more aggressively.
this confluences with the price action we see on many different alt coins, ADA especially which broke its descending triangle to the downside.
technical target: USD 755
stop loss : USD 1347
good luck and namaste
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a *bullshit* bias. Recommended ratio: 60% ETH, 40% Cash.
* SUNDAY SCARIES WATCH . Russia has been notifying all Russian citizens in Kherson (Ukraine) to evacuate immediately due to the threat of impending "terrorist attacks" by Ukrainians . A few weeks ago, Putin announced that Russia officially recognizes Kherson and three other territories in Ukraine as annexed territories of Russia. This is yet another example of Russian war engineering to justify a continued and intentional escalation of the types of attacks they launch on Ukraine. The Chinese Communist Party has concluded their twice-a-decade Congress and reshuffled their Politburo and central committee to feature more Xi loyalists in preparation for his third consecutive five-year presidency . Speculators view this reshuffling as a signal that China is readying to formally attack Taiwan in the coming months. Through a war games lens, two full scale wars in different parts of the world would diminish the magnitude of a counteroffensive by the US and NATO, something military strategists on all sides are likely aware of. Key Upcoming Dates: S&P US October Manufacturing PMI at 945am EST 10/24; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; 20th and Final GDPNow US Q3 GDP estimate 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.*
Price is currently trending up at ~$1310 as it continues to trend sideways along $1270 support for what is now thirty three consecutive sessions. Volume is currently Low (moderate) and on track to favor buyers for a second consecutive session if it can close today's session in the green. Parabolic SAR flips bullish just below the 50 MA ($1408) at $1355, this margin is bullish at the moment. RSI is currently trending up at 46.5 as it approaches the upper trendline of the Symmetrical Triangle from February 2020 at ~52 as resistance. Stochastic crossed over bullish in today's session and is currently trending up at 63 as it continues to test 46.76 support. MACD remains bullish and is currently trending up slightly at -19, the next resistance is at 28. ADX is currently trending down slightly at 29 as Price continues to trend sideways, this is neutral at the moment.
If Price is able to push higher here then it will likely retest the 50 MA at ~$1400 as resistance which is just below $1427 resistance . However, if Price breaks down here, it will likely retest $1270 minor support before potentially heading lower to $1k minor support . Mental Stop Loss: (one close below) $1269.54.
ETHUSDTETHUSDT support is $1270 & $1220 is strong support (it means here buyers available)
ETHUSDT Resistance levels: $1340 & $1380 is strong resistance (it means here seller available)
We updated you about ETHUSDT so trade carefully with money management.
Analysis:
ETHUSDT daily candle close at 1300$ which is 15$ greater then yesterday daily candle. The price change of ETHUSDT 6.14$ in last 24 hours. The high it ETH is $1305 & low was 1260 in last 24 hours. ETH dominance is 17.30% . So trade carefully
Keep support with your likes, share and comment thank you
Max Pain Approaches, But How Low Can We Go?As stated in my last Chart a few months back, we are finally approaching the 2-week 100 Simple moving average. This moving average has historically acted as a magnet & major support for the market for the last 5 years. It would make logical sense that we see the same thing happen again. I see many calling for a $12K bottom, which is entirely possible, but we'll see if this 100SMA can continue to act as major support for the crypto markets again. Remember... Stay level-headed, be logical, and don't follow the crowd.
Etherium - accumulation continues.Locally, after withdrawal of liquidity from the lower boundary of the range, the price continues to move in a flat.
On this situation I can say that they lure the shorts for further movement at the expense of stop losses.
I consider the opening of a long position.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
ETHEREUM: STILL HOLDING THE SUPPORT.ETH is doing good so far. Although it is holding the $1260 support level, ETH is still under a bearish pattern. You may call it a bearish pennant or a descending triangle, in both cases, it is bearish. We may see a bounce back to continue with the pattern which will be good for scalping. But unless we see a breakout above $1347, a bullish move will still remain pending. Also, be careful with the breakdown, if ETH makes a move downward then this may change the market scenario.
I hope this update was helpful. Thank you for your support.
Trade safely, guys.
Ethereum Supply PredominatesSupply is predominating in the current trading range for ETH, which denotes a potential redistribution range. And not only predominating but emerging at key junctures where demand should show its cards if a markup were on the books.: areas like TRR (range resistance) and TRM (midpoint 0.5%). It's not clear how deep the distribution can range, but things are (for now at least) looking a bit bearish. Favorable for DCA investors and short speculators.
*Be sure to subscribe for more easy-to-follow charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts, see all the wins for yourself, then come join us!
**Not financial advice. Always DYOR and trade at your own risk.
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash.
*Cryptos are mixed with certain altcoins like ANKR ( hot off of APTOS integration news ), ATOM and MATIC up while the broader market is mostly flat. Equities, Equity Futures, Gold, EURUSD and 30yr US Treasury bonds are up while VIX, Energy, Agriculture, 10yr US Treasury bonds, DXY, GBPUSD, JPYUSD and CNYUSD are all down. Netflix beat Q3 expectations on both top and bottom lines . Russia continued its renewed attacks on Ukraine today and Ukraine reports that 30% of their power grid infrastructure has now been damaged . Key Upcoming Dates: US September Building Permits and Housing Starts at 830am EST 10/19; 19th GDPNow US Q3 GDP estimate 10/19; S&P US October Manufacturing PMI at 945am EST 10/24; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.*
Price is currently trending up at ~$1315 after bouncing off of $1270 minor support as it looks to retest the 50 MA as resistance at $1427 resistance. Volume is currently High (low) and on track to break a two day streak of buyers dominance if it can close today's session in the red. Parabolic SAR flips bullish at $1371, this margin is bullish. RSI is currently trending down at 46 after forming a peak just below the upper trendline of the Symmetrical Triangle from February 2020 at ~49. Stochastic remains bullish, is currently trending up at 86 and is still technically testing 81 resistance. MACD remains bullish and is currently trending up slightly at -31, the next resistance is at 27.77. ADX is currently trending down slightly at 31 as Price is slowly rising, this is neutral at the moment.
If Price is able to continue up from here then it will likely retest the 50 MA as resistance at $1427 resistance . However, if Price breaks down here, it will likely retest $1270 minor support . Mental Stop Loss: (one close below) $1270.
Ethereum is the most dangerous altcoin!Hello, everyone!
After the bullish rally on whole crypto market which have been ended on August 2022 I told you that Ethereum will dump even more that Bitcoin. Now the Ethereum is still the most dangerous asset. Recently I showed you 2 altcoins, DOT and ADA, which have already flashed the insane long signals. These assets are on the bottom, but ETH have pumped significantly and at the same time it have to finish the bear market. The bear market have to be finished with the divergence between global waves 3 and 5. For this purpose price have to break down $900.
Locally on the daily timeframe MACD showed us the confirmed bullish divergence. Taking into account that this divergence happened in the center of the bearish wave 3, it is not valid. I expect local pump, the bull trap with the whole crypto market, but after that we can wait for the huge dump. The target for the wave 3 inside global wave 5 have the insane target – 850$, it is the Fibonacci extension 1.61. Here is the most probable target for this wave. $850 is not going to be the global bottom for ETHUSDT, it’s just the first significant stop. After than the subwave 5 inside wave 5 is going to happen but we will talk about it when the price will be there.
Best regards, Ivan
Buying Ethereum on dips.Ethereum - Expiry tomorrow 8am uk time - We look to Buy at 1266 (stop at 1239)
Support is located at 1260 and should stem dips to this area.
We look to buy dips.
We look for a temporary move lower.
Our profit targets will be 1336 and 1366
Resistance: 1340 / 1380 / 1400
Support: 1280 / 1260 / 1220
Disclaimer – Saxo Bank Group.
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ETH - Buying SignalBYBIT:ETHUSDT
15M time frame
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ETH forms a potential inverse head and shoulders on 15 minutes time frame, which is a bullish pattern.
The better way is wait it to break out 1291, but we can start to open long here because we are in the accumulation zone.
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Entry: 1285
Add: 1280
TP: 1293, 1297. 1305
SL: 1277.5
ETH USDT will retest the lows soonI will try to make it as simple as possible.
i will create 3 different SHORT/SELL trades for ETHUSDT.
SHORT 1349 take profit 1285.5
SHORT 1369 take profit 1274
SHORT 1398 take profit 1307
If everything gets filled that will be a 6.4% win and i am using 2x leverage.
STOP LOSS will be activated if 4hour candle closes above 1400 at 2.1%
for an overnight stop loss i will set it at 1427 but only for the night time because i will have no control.
it is expected to last maybe 3 days to be completed.
The idea is that ETH will reach those targets,then come back at today's levels before crashing to maybe 3 digits.
that will be the next idea and i will post it here if everything goes according to plan.
for everything else,i will update this idea.
FOLLOW FOR MORE
ETH chopping @wma200; must BO 1425 wedge & 2018 Cup neckETH have been chopping around the red wma200 line for the last 3 weeks with no clear direction before & after Thursday’s CPI report. The pump, dump & pump created a long-tailed hammer but still fails to recover the red weekly wma200 line. A tight Bollinger Band indicates a big move coming.
TO BE BULLISH AGAIN:
It needs to get above 1425 (the 2018 wave 1 top) to breakout of the blue wedge. This will also mean a BO
of the downward-pointing daily dma50 & 150 acting as resistances.
It needs to go above 2018 (Cup & Handle neckline) to confirm a higher high new uptrend.
CONFLUENCES signal BOTTOMING PROCESS: There is high probability that June low of 882 may be the bottom due to it being a confluence of 3 important Fibonacci levels:
882 may be the level where the ABC correction ends with A wave = C wave
882 is where wave C= 2x wave B
Interesting to note that 882 is also exactly a 1.272 retracement of the last big rally from 1711 to ATH
of 4864.
Not trading advice. Pls like & follow if this helps.
ETH Daily TA Neutral BearishETHUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash.
* SHORT SQUEEZE WATCH . US September Retail Sales came in at $684b , virtually unchanged from August but still 8.2% above September of last year. This strong consumer data will surely influence the Federal Reserve to continue pondering raising FFR by more than 75bps on November 2nd. The 18th GDPNow US Q3 GDP estimate is 2.8% , down from 2.9% on 10/7. Preliminary results for the October UofM Consumer Sentiment Survey show an increase from 58.6 in September to 59.8 in October. Putin made more threats regarding a "global catastrophe" to NATO should they become directly involved in Russia's war against Ukraine. He also set the stage for reclosing the humanitarian corridors Russia agreed to allow Ukraine to use to transport grain and fleeing citizens; this could lead to more supply chain woes in the near future. Cryptos, Equities, Equity Futures, Commodities, GBPUSD, EURUSD, JPYUSD and CNYUSD are all down while DXY, US Treasuries and VIX are up. Key Upcoming Dates: US September Building Permits and Housing Starts at 830am EST 10/19; 19th GDPNow US Q3 GDP estimate 10/19.*
Price is currently testing $1270 minor support for the fifth consecutive session as it continues to trade in the largest trading zone (POC) on the chart for twenty three consecutive sessions now. Volume is currently High (moderate) and on track to favor buyers in today's session after favoring sellers in yesterday's session. Parabolic SAR flips bullish at $1389, this margin is mildly bullish. RSI is currently trending up at 43 after bouncing off of the uptrend line (also the lower trendline of the massive Symmetrical Triangle) from November 2018 at 36.91 support, the next resistance is the descending trendline from February 2020 at ~51.25. Stochastic crossed over bullish in today's session and is currently testing 46.76 resistance. MACD remains bullish and is trending up slightly at ~-35 as it continues to test -46.46 minor resistance for the ninth consecutive session. ADX is currently trending sideways at 31 as Price attempts to defend $1270 minor support, this is neutral at the moment.
If Price is able to defend $1270 minor support then it will likely aim to retest the 50 MA as resistance at $1427 resistance . However, if Price breaks down here, it will likely retest $1k minor support before potentially retesting $776 support for the first time since January 2021. Mental Stop Loss: (two consecutive closes above) $1270.
#Ethereum Consolidates as a BB Squeeze Forms above $1.25kPast Performance of Ethereum
Ethereum prices are, based on the formation in the daily chart, stable. In the previous 24 hours, the coin has been relatively firm but bound within a bear formation pattern. The rejection of prices from spot levels and ETH bulls holding above $1.25k is a net positive. Still, the failure of Ethereum prices to soar above immediate resistance levels at $1.4k means sellers are in control, and there are higher odds of ETH slipping to new 2022 lows.
#Ethereum Technical Analysis
At spot rates, aggressive traders can continue unloading ETH on every attempt higher. The primary support is at $1.25k, flashing with the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. This is also the September 2022 low. Considering the significance of $1.25k, ETH must hold above this level, ideally with increasing volumes, if buyers are to build any upside momentum. Presently, a BB squeeze is clear in the daily chart translating to tapering momentum and anticipation of a breakout in any direction in subsequent sessions. Accordingly, risk-on traders can wait, aware that sharp losses below September 2022 lows may see ETH dump to $1.1k or even 2022 lows in a bear continuation formation.
What to Expect from #ETH?
The downtrend is clear, and sellers are in the driving seat, based on the candlestick arrangement in the daily chart. If buyers are to take control, there must be a strong, high volume and engulfing bar above $1.4k, pointing to a shift in the trend and, possibly, prices bottoming up. Presently, any drop below September 2022 would break bulls' resilience.
Resistance level to watch out for: $1.4k
Support level to watch out for: $1.25k
Disclaimer: Opinions expressed are not investment advice. Do your research.
ETH - buyers already dominate, sales have weakened.At the end of this accumulation we can see how purchases dominate sales. Most of the sales are locally bought out and buyers have the strength and desire to accumulate another position at a bargain price. The local decrease in volumes shows a decrease in the number of sellers.
In case of successful resumption of purchases we can observe the emergence of a local uptrend.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
ETH: "Redemption DAY" target price between $1189-1121So I looked at ETH both from an apocalyptic and an optimistic perspective.
The first one implies counting a 12345 Eliott Wave since ATH. It leads to -$733 if Wave 5 has at least a 1:0.618% ratio with Wave 1.
Discarded. Why would ETH just dissapear? If it does so do many more other things, at least that´s my take.
Now, what if we are more on the optimistic side?
We could easily count an Eliott ABC Wave since ATH.
B to A ratio matches a perfect and round 0.5% Fibonacci
Then C to A ratio is none other but a perfect, round 1:1
So this leads me more towards this TA:
Ethereum´s correction is over, it did the major ABC which in its turn is a greater Wave 2.
We are in the begginings of an impulse. Also in an ABC, only that this one is the nano scale.
We did a 12345 which created nano Wave 1. And now we are in the last leg of a C in the ABC that forms the nano Wave 2.
Targets:
Between $1189 and 1121.88
Best!
Good setup for EthereumEthereum may go down to $1000 but that is too far fetched.
On Bollinger Bands it's a good setup. The price action went above the midterm level while the BB consolidates and looking to move another leg up. Maybe down to $1290 and up to $1360?
A note on Bitcoin - If we get down to the $18,100 price level on the daily we can see that Bitcoin will be ready for another leg down. Maybe below the current bottom when Bitcoin reached that $17,400 range. Will we see newer lows? NAH the bottom is in. I highly doubt that. While it be good to see a bottom of $11,000 or $12,000 imagine the upside potential. That won't happen.
Do you think the SP500 will go to $3200 from currently $3616? I doubt it!
So I think we might see Etheruem go down to $1200. But $1000? I doubt it!
I think we will see Ethereum go up to the $1400 range when Bitcoin travels to $21,000 this week.
The VIX Cheat Sheet indicator doesnt say much. Usually it will say if things will go down or up in percentage. This time it's just saying 0.00 each way. That usually means the market is boring but ALSO that the bottom was in already!
SO GET SLURPIN''
Bollinger Bands Setup - This has happened because when you see the BB average out to looking like a small piece of strange line and you have the candle OVER the medium line, when it drops down past the medium line you should buy because we will be headed up.
Now what this and tell me how it goes! Your thoughts are appreciated!
Etherium - the price goes to test the buyer.Strong players hold the price inside the trading range. After the approach to the upper boundary we see a pullback, on the approach the chart shows a weak resumption of buying. This situation tells us about a possible test of buying at more favorable prices.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
ETH Daily TA Neutral BearishETHUSD daily guidance is neutral bearish. Recommended ratio: 48% ETH, 52% Cash.
* BOUNCE WATCH . Cryptos have remained flat through the weekend and Equity Futures are down to start the week. Russia blames the Crimea bridge blast on Ukrainian terrorists and mentioned that the only response is to kill Ukrainian terrorists , so more shelling is to be expected it's more of a matter of whether not the shelling includes tactical nukes or chemical warfare. Key Upcoming Dates: FOMC Minutes at 2pm EST 10/12; September US CPI at 830am EST 10/13; September US Retails Sales at 830am EST 10/14; 18th GDPNow US Q3 GDP Estimate 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15.*
Price is currently continuing to trend sideways at ~$1325 for the third consecutive session as it hovers between $1270 minor support and $1427 resistance. Volume is currently on track to remain Low (low) for three consecutive sessions and broke the 4 days streak of sellers dominance by closing in the green in today's session. Parabolic SAR flips bearish at $1254, this margin is bearish at the moment. RSI is currently continuing to trend sideways at 42.5 for a third consecutive session. Stochastic remains bearish and is currently forming a trough at 62, the next support is at 47. MACD remains bullish and is currently breaking above -46.46 minor resistance as it attempts to defy forming a soft peak. ADX is currently trending down slightly at 29 as Price continues to trend sideways, this is neutral at the moment.
If Price is able to bounce here it will likely retest $1427 resistance . However, if Price breaks down here it will likely retest $1270 minor support before potentially falling lower to $1k minor support . Mental Stop Loss: (one close above) $1477.