Possible Descending Triangle | ETH 4hDescending triangle is an bearish pattern, I'm looking for a short to 1500-1400.
- www.investopedia.com
Ethereumforecast
ETH/USDT - Potential Short ScenarioHello Traders!
ETH continues to move within the global downtrend.
After the downward momentum, the price found support near the level of $1740. At the moment, there is a consolidation in the sideways range of $1740 - $2140.
Taking into account the local wave of positivity in the market, as well as a large number of traders opening short positions in the expectation of renewal of price minimums, it is possible to assume the price exit beyond the upper border of the range - the level of $2140 in order to collect liquidity.
After the completion of the local movement, we can expect a continuation of the downward price formation with the aim of fixing the profit in the zone of interest of buyers - $1050 - $1230.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Ethereum - Anticipation of a breakoutNext week, the FED is set to increase interest rates in the U.S., which we expect to weigh on the economy to which cryptocurrencies are highly correlated. Therefore, we have no reason to change our bearish bias. Our price target for ETHUSD stays at 1700 USD and 1650 USD.
Technical analysis - daily time frame
MACD is bullish but stays in the bearish area. Stochastic is bullish. RSI is neutral. Overall, the daily time frame suggests a lack of trend.
Illustration 1.01
The setup for Ethereum remains valid as no breakout has taken place yet. A breakout above the upper bound will be bullish, while a breakout below the lower bound will be bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Eth in a shorthing range againthis is a short term trading and its moving up and down with this range since its has fallen so keep a close eye on this and enjoy the free money
Ethereum - Descending triangleEthereum appears to be forming a declining triangle. Therefore, we will monitor it closely and wait for the breakout above the upper bound or below the lower bound. We are currently inclined toward the latter scenario, which will see ETHUSD move lower. That is due to our bearish view of the cryptocurrency market. As a result, we would like to set a price target for ETHUSD to 1700 USD and 1650 USD.
Technical analysis - daily time frame
RSI and Stochastic are bearish. MACD is bullish but still in the bearish territory. DM+ and DM- are bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETHEREUM: HITTING THE RESISTANCE.Hello traders, Ethereum has rallied 10% so far after getting close to the support level of $1700. It's good to see the market making some greens but we need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF. As we can clearly see that ETH is reaching the resistance of $1940 to $1950. With the RSI reaching the overbought zone, it is likely possible that ETH may get rejected soon.
On the other hand, if BTC breaks out and sustains the daily close above the resistance then things may take a positive move.
Trade safely.
Ethereum - Dip buyers are to be punished againSimilarly to Bitcoin, Ethereum enjoys the temporary lift up from the return of risk apettite and climbing stock market. We expect the bear market rally in the stock market to be short-lived. Therefore, we have no reason to change our medium and long-term outlook on Ethereum (we remain bearish). We expect weakness in the cryptocurrency to stay persistent throughout 2022 as fundamental factors are poised to put more pressure on the economy to Ethereum is highly correlated.
Technical analysis - daily time frame
RSI, Stochastics, and MACD are bullish; however, MACD stays in the bearish area, and Stochastics oscillates in the bearish area. The decline in the ADX reflects a temporary relief. DM+ and DM- are bearish.
Illustration 1.01
The retracement to 20-day SMA raises caution once again. The volume also does not tell a positive story.
Technical analysis - weekly time frame
RSI, MACD, and Stochastics are bearish. DM+ and DM- are bearish too. The ADX increases, suggesting that the bearish trend is not done. Overall, the weekly time frame stays bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETHUSDT - local correction What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Ethereum - New lows to be formed in ETHUSDYesterday, we warned that the correction in Ethereum was nearing its end. A few hours later, ETHUSD broke down and fell approximately 10%. We continue to be bearish on ETHUSD, and our short-term price target stays at 1800 USD. However, we would like to set also a second price target of 1700 USD.
Technical analysis - daily time frame
RSI and Stochastic turned back to bearish from bullish. MACD is due to follow. DM+ and DM- remain bearish. The ADX remains strong. Overall, the daily time frame is very bearish for ETHUSD.
Illustration 1.01
Here is what we hinted at yesterday. The price retracement towards its 20-day SMA acted as a correction for Ethereum.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. The ADX increases. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETHEREUM UPDATE IN 3 DAYS TIMEFRAME.Welcome members to this ETH update in 3 days timeframe.
I posted this idea on the 12th of May 2022. It was a clear H&S pattern and then ETH dropped by 36%. As per the present scenario, ETH is still holding the Support 1 level which is at $1700. In order to see some positivity, ETH must hold this level. Moreover, after the breakdown, ETH has not bounced back, yet, and as we all know that whether it's a bull or bear market, the candles don't flow in one direction making only reds or greens. It always follows a zig-zag pattern.
I am expecting a bounce either from support 1 or support 2 levels. ETH, sustaining the support 1 level is ok but if ETH drops towards support 2 then we have to worry a bit.
If you agree with this idea then do hit the like icon and follow for more interesting updates.
ETHEREUM ROADMAP CHAPTER 1So , this asset has now reached to a reversal point which could be a strong bullish signal .
Previously , 1700 - 1800 zone was the support that Ethereum went for an ATH from it .
ETHBTC chart is published in comments . Good Luck!
ETH: At least 1 crypto is on recovery!Ethereum
Intraday - We look to Buy at 1731 (stop at 1679)
We are trading at oversold extremes. We look to buy dips. 1700 has been pivotal. 1711 has been pivotal. 1731 has been pivotal. Support is located at 1700 and should stem dips to this area.
Our profit targets will be 1858 and 1898
Resistance: 1900 / 2000 / 2100
Support: 1800 / 1700 / 1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ETHEREUM UPDATE: ALERT!!Hello traders,
Here's an update on ETH in 3 hours timeframe.
ETH has been rallying under the $1900 to $2000 range for the last couple of weeks. Could it be a high time for ETH to rally higher or will it drop down further low? Usually, after a big drop, a sideways pattern, a falling wedge pattern, or a rising wedge pattern is considered bullish or bearish depending on the favor of the market.
What I personally observed is whenever the market has made this move, it has fallen further down. The current ETH chart is close to the support line. If ETH breaks and closes below the support level then I am expecting a drop up to $1700. For a higher rally, ETH must bounce back and break above the resistance level.
As I said in my previous, it is better to wait for confirmation.
Trade safely.
ETHUSD - Remarkable Similarities Two tops in red followed by a sloped top in yellow, leading to a small downward move
MOONSHOT (just under the 50MA)
This pattern seems to be repeating just with the 100MA
ETHThis area is bottom of biggest channel and i think its important, the price had reaction about that i think its waiting for BTC price.
Ethereum: BlueI’m blue
Da ba dee da ba di
Da ba dee da ba di
Da ba dee da ba di
In case you won’t get this Eiffel 65 song out of your head today – sorry! However, blue is indeed Ethereum’s preferred color scheme in our chart. From its current position in the lower blue zone between $1295 and $2164, Ethereum should rise into the upper blue zone between $2305 and $2472 to finish wave (iv) in blue. Then, it should drop back into the lower blue zone, making it even as far as the overlapping yellow zone between $1743 and $589, in which wave (2) in yellow should end.
Ethereum could go below $1,000#Ethereum is hanging by a thread, a break of $1791 with candle closures, guarantees a price correction to $1.37k - 1k demand zone. A hold of the above region could lead price to rise to $2.4k - 2.2k supply zone and continue to $2.65k - 2.95k regions possibly. If we reach this key daily supply area, we could see a sharp drop down to $1k as its a major order block and liquidity level.
As of now #Eth is forming lower lows and is very bearish, a push above is just to form lower highs comparatively and in turn trapping retail trader to grab liquidity. DO NOT INVEST AT THESE CURRENT LEVELS, wait for better prices to come to you below $1k ,IMO.
Enjoy the Digital Silver - ETHEREUM BULL RUNNot financial advice.
Enjoy the awesome bull run with the awesome Ethereum.
Sell in January 2022.
ETH Update - Next Target @ $1,600The 4 Hour chart is over bought.
Momentum is dying and it looks like ETH will be on its way down soon.
Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it.
Small bounce expected once it hits #5.
Entry Between:
$2,053 - 1934.36
Take Profit:
TP 1 - $1,792.41
TP 2 - $1,613.06
Stop Loss:
$2122.11
If you'd like me to analyse any other crypto send me a message or leave a comment 👍🏽
Happy trading!
Not Financial Advise. Do Your Own Research.
ETHEREUM TRADE SETUPHey guys, ETH in a lower timeframe is breaking out of the triangle pattern. If this is a real deal then we will see ETH reaching up to $2.4k to $2.5k.
The accumulation level will be $1950 to $2050.
Target $2400 to $2500 (20%).
Stop Loss: $1850.
I am buying ETH in spot also in leverage but with a minimal investment.
ETHUSDExpecting a long position to correct the short move towards the supply zones, if it breaks and closes above the two supply zones it might continue it's uptrend journey
Bearish Ethereum Do you still remember this chart from 07/05/2022?
Do you still remember this comment?
"Yet another weekly timeframe analysis.
Where it says "head' was the Eth All Times High (Axis). Take notice of bullish and bearish trends in the chart, volume, MACD and everywhere.
Best sample to master bearish chart patterns, all in one place."
Well, there has been a lot that has happened since and exactly as predicted in this chart. This is the same chart as of 07/05 with new comments.
1) Ethereum has indeed followed the downtrend pattern.
2) We've lost the very important support 2680K which turned to resistance.
3) We've lost the 2300K support gained on 24/02/2022, and turned now to resistance.
4) We've lost the 2155K support gained on 24/01/2022, 1nd turned now to resistance during the last crash that started on 12/05. Ethereum retested this level on 16/05 and has been rejected.
No more comments!
This is not financial advice. Do your own research before trading.
Ethereum Prediction H1Here is my view for ETHUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
