ETH/USD EVERYTHING MARKED DOWN, EVERYTHING MUST GO! Bag Time^My 'hardwood area" price range is where I approximate the bulk of the institutional support to be for my precious falling ETH....It is looking like if the trigger is to be pulled, we may be coming up on the time to get in the proper stance and take aim. I would hate to see Ethereum fall through that beautiful wooden floor, but I think if we get there then there may be one more support area just above $1200?!?! Am I really talking about $1200 in a thread analyzing Ethereum in January 2022?! Well my friends...let the test for the leader in stable blockchains begin. Will you pioneer this young but potentially groundbreaking change in the worlds financial system as one of the leading blockchains? Or am I looking at a smaller, much quicker AOL (to compare it to it's lucrative predecessor, the dot com bubble). Will other blockchains like Cardano, Solana or Fantom gain traction, combine low energy and the scalability that Polygon offers #BUYMATIC to surpass the original bloackchain king? I guess I just typed out the question that is on everyone's minds anyway huh? Well I hope there are some expert traders out there that want to take a young trader (been trading for about a year) under their wing, or just offer some feedback on my approx future price movement guess for the next 3 months or so....Thank you guys, and I appreciate all the help that anyone can give. I have never tried to absorb so much information in my life, so there is a very good chance I may be missing several things...best of luck trading guys, let's get some of all of this money, huh?!?!
Ethereumlong
Ethereum- 2600 is my target for this correctionIn my yesterday's comment I said that under 2.4k, Ethereum can be a good buy for traders that wants to speculate on a correction.
After 2 dips under this figure, EthUsd has recovered nicely and has made a series of higher lows and the low TF chart shows an ascending triangle pattern.
The crypto is trading now in the resistance of this pattern and a break up can occur.
My target for this correction (Yes, so far is just correction) is 2.6k with negation under 2.3
Best of luck!
Mihai Iacob
ETHUSDT LongHey traders, in today's trading session we are monitoring ETHEREUM for a buying opportunity around 2.4 k zone, once we will receive any bullish confirmation the trade will be executed.
a lot of traders will wait for more dips, but in my opinion whales won't give you prices you're waiting for.
Trade safe, Joe.
Ethereum- Higher low in place?Although it has broken under 3200 support, losses for Ethereum are limited and I don't "see" much sell power.
The crypto may have found a new low above 3k and a new leg of correction to come.
I'm cautiously bullish at this moment with more confirmation above 3200.
A daily close above 3200 could expose 3600 important resistance and 3400 is now interim resistance.
A drop under 3k would put bearish scenario back in play.
Best of luck!
Mihai Iacob
ETHEREUM - Trading at the good levels to buy🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock/Crypto coins to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Ethereum- Continuation after testing supportLike a lot of coins, Ethereum is also in a recovery mode with the price reversing from 3k important figure.
A first leg up drove the price to 3.4k and a small leg of correction followed that move.
3.2k old resistance and congestion zone offered support for this correction and now EthUsd looks ready for a new leg up
I'm bullish as long as this support holds and I expect a test of 3.6k strong resistance
Ethereum is about to EXPLODE.Ethereum tends to be more volatile than Bitcoin. Its application make it hard to calculate it future growth prospectus. Also, it faces a lot of technical risks as it is not truly decentralized... The developers and coders of Ethereum are trying to perform heart surgery while flying a rocket to Mars. Not to say it's impossible, but what they are trying to accomplish is extremely hard. Scaling Ethereum from PoW to PoS will be quite a feat/ If it is flawlessly executed, I believe Ethereum has a real chance of flipping Bitcoin. Execution risk is at an ATH though. Can Vitalik and team pull it off? Only time will tell...
In regard to the charts, Ethereum looks to be holding at support. The line if support is loosely justified due though...
- ETH is clearly oversold
- It could test $2,800, but unlikely IMO
- Bitcoin Dominance should rise, bringing ETH with it
- MAX Pain would be near $2K levels...highly unlikely IMO
- Ethereum needs to close above $3,500 for the bulls to get excited
NFA. DYOR.
Best,
- Mr. Bitcoin Baron
ETH Buy at 0.618 retracement.Ethereum - Intraday - We look to Buy at 3661 (stop at 3569)
We have a 61.8% Fibonacci pullback level of 3660 from 1706 to 4868.
Dips continue to attract buyers.
We are trading at oversold extremes.
We look to buy dips.
Daily signals are mildly bullish.
Our profit targets will be 3924 and 3994
Resistance: 3800 / 3900 / 4000
Support: 3650 / 3600 / 3500
Ethereum- I still have 3k in focusSince the beginning of November, Eth has started to correct its long term bull trend which only in 2021 brought gains of around 700%.
Although the drop we are in is just a correction to this trend, on medium term it can be seen as a small down trend.
I expect continuation to the down side and I'm focusing on 3k zone for my sell short trades.
Ethereum's price above 4.2k would signal that the correction is over
ETHEREUM - $ETH/BTC - DeFi Frenzy Overtakes Crypto MarketDeFi Frenzy Overtakes Crypto Market
Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the COVID crash in March 2020.
All that was missing from kicking things over into an actual bull market was a narrative...
Well, it looks like crypto has found one at long last.
Decentralized finance
If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case.
Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency.
As you scroll down the list at CoinMarketCap or CoinGecko (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi.
Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum.
So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative.
In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets.
Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi.
Beyond the hype
Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances.
When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called yield farming?
In 2008, Satoshi unleashed the BITCOIN whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out.
When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is really on to something this time around.
Projects to watch
DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another shitcoin roulette, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase.
As with anything in the crypto market, do your own research before swapping precious BITCOIN or ETHEREUM. But, there's gold in them there hills.
Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot.
DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor.
Scaling these applications for the most amount of people? Celer and Matic have you covered.
Finally, what about strict DeFi applications themselves?
Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time.
There are many more out there, but half the fun is discovering them on your own. Set some time aside and make sure you've got that CoinGecko app locked and loaded.
To gain access to Stacked's Free DeFi Index, click here
TECHNICAL ANALYSIS
#ETHBTC : I'm LONG/ BULLISH position up until Wave (3) . I expect that $ETHUSD will upside.
This would mean that ETH will gain more 250% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
ETH drops to trendline - what happens next?Ethereum has seen a sharp decline after it's 4th push into the supply zone since the 23rd.
We've now reached an establish demand zone in the high 3800s and seen a small bounce and consolidation just above this zone.
Price is also touching it's lower trendline after a brief wick below.
Downside momentum is strong and this consolidation could be sellers taking a breather before gathering strength and pushing price below both the trendline and demand zone - if this were to happen I would expect the momentum to drive price down to the lower support level around 3760.
However we do have this demand zone and trendline as support and RSI is low - below 23 at time of writing - so a bounce could be imminent, and our target would be the Point of Control indicated on the volume profile.
This is not financial advice. Allocate your capital responsibly.
Comment your ideas below. Do you think we break below this demand zone for a continuation of downside momentum? Or will we see a bounce from this key area?