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Ethereumlong

$ETH -Buy now or wait to see if fills Fair Value Gap ($3,885) *SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. ETH has fallen into the discount array (61.8%) of the pullback. However there is a fair value gap in this area and I'm curious to see if it wants to fill the gap and pull just below the Market Maker Buy/Sell Model consolidation area that previously took place in the red box. If that's the case it should reach down into the second fair value gap where theres a bullish order block around 3850-53 ish. I would have my entry at the beginning of the second fair value gap at 3873. just in case it entered and bounced out immediately. But it did reach into the discount array and immediately started and up track. However that doesn't mean a bearish order block can't knock it back down. I did enter with one position where it is currently shown watching to see if it will enter the second at 3873. Let me know your thoughts if you're practicing Smart Money Theory. Good Luck and Good Trading :) BINANCE:ETHUSD KUCOIN:ETHUSDT BINANCE:ETHUSDT KRAKEN:ETHUSDT FTX:ETHUSDT OKCOIN:ETHUSDT OKEX:ETHUSDT POLONIEX:ETHUSDT HUOBI:ETHUSDT PHEMEX:ETHUSDT KRAKEN:ETHUSD BITSTAMP:ETHUSD BYBIT:ETHUSD BITFINEX:ETHUSD FTX:ETHUSD GEMINI:ETHUSD BITTREX:ETHUSD PHEMEX:ETHUSD
COINBASE:ETHUSDLong
by BodiesXWix
Ethereum is Going to $6800 Area Only if..If you are here only for the title , the answer is: ..only if the price action remains above 0.618 Fibbonaci retracement located at $3660 , then the price action is likely to move into to the 1.618 extension located at $6800 . It's really incredible how Ethereum manages to hold such high value meanwhile Bitcoin is really struggling. Every time Ethereum has seen a much stronger dip, or an correction, than Bitcoin does. As of right now, Ethereum is just -20% below the all time high at $4870 and Bitcoin is located -32% below the top at $69000! Intraday dips continue to attract buyers and rallies doesn’t really attract sellers. Let’s move to the technical. there has to be something hidden that will suggest that a correction that will overcome Bitcoin’s losses will follow, right? Fibonacci retracements. It’s very impressive how this Fibonacci has turned out. The key level of 0.618 has been successfully tested as valid and strong support as 4 days of price action are suggesting. If Ethereum doesn’t fall below this golden ratio 0.618 retracement located at $3660, Ethereum could be very easily for extended gains to the $6800, where the golden 1.618 extension is located. Price action. Price action seems to have formed a falling wedge formation, which usually occurs in a correction and suggests a break to the upside from a correction. Exponential moving averages. Overall trend indicators are suggesting that currently Ethereum is in daily downtrend as the 20 EMA fell below the slow 50 one. The price action however doesn’t seem to be reacting. Relative strength index. Ethereum hasn’t seen a proper bearish momentum yet and RSI tells us the same story. As RSI is able to hold above 40, no bearish momentum is present. However it’s hovering at pretty thin ice and break below 40 will attract sellers. No divergence can be found. Moving average convergence divergence. A selling wave is currently ongoing while the bearish volume continues to decrease. Same as for Bitcoin, both Moving averages need to go above neutral, 0, level in order to give a proper buy signal.
Long
by TiborVrbovsky
2
ETH Bear Trap!!?As talked about previously i mentioned the possibility of an upcoming bear trap on the Ethereum bears, where we would breakout and close below our key level at 3990-4K faking out traders into thinking a bigger drop is coming, before then rebounding to the upside and hopefully this plays out as a bear trap because that will mean we will be seeing some nice upside soon to come. We are currently breaking back into our accumulation zone at 4K and its looking like we are going to see a bullish daily close above here which will be big! on the BJ key levels we are looking at the 4k-4100 zone as our first crucial level, a break above here will be a bullish sign and likely give us some momentum to keep pushing to the upside. We do have multiple levels of resistance from 4k-4600 which is our accumulation zone i have been talking about, ultimately we need to break and close above 4600 and hold above here before we can really say we are looking bullish. simply due to the fact that for the past 3 weeks we have been stuck in this range where we are seeing strong hands buy but for the most part moving sideways. A really great sign that i noticed is that we have regained the 100 day MA, this is one of the stronger MA's as it is calculation the moving average over a 100 day period, not any recent movement as far as the 200 day MA goes but it is definitely a positive that we have held this level aswell. We had a bit of a scare when we closed below the 0.2 FIB level and thats why i believe this bear trap is happening, that was a very bearish close but soon after we rebounded to the upside, i think this is just the start. Now lets look at the RMI, we are falling to the downside still but things are starting to look up, we seem to be bottoming out with our pink starting to move sideways and our orange coming down towards the pink, looking for this bullish reversal, we are at the lowest point since the start of October and i think with some good momentum we are due for a big big run to the upside and a big time reversal! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETH - two scenarios for Dec./Jan. price actionSince it became a deflationary currency ETH holders are holding much better in bearish market condition. Recent flash dump was driven by liquidations which you can see even on volume, you don't need onchain or any other tool. Since ETH broke through previous ATH resistance, the volume has been steadily declining expect for the May crash. I don't expect new low for ETH in coming weeks. Pullback to daily support and very long trendline (orange scenario) or bullish one (green scenario) are 2 possibilities here in my opinion. Also, notice my two "Untouched trendline since ATH breakout" trendlines which I didn't adjust since ATH breakout. Each time ETH dumped price dropped under it and recover. Because of that I place some buy order in "D support" area for wicks chasing. In some crazy dump continuation I will wait for consolidation and bottom confirmation before any big buys. I always leave some % of FIAT in wallets. Green boxes are my targets in dump continuation case. I don't expect ETH to drop under "W + M support" box, but who knows, this is crypto and it can always surprise us all.
Long
by Philippe_0x
4
ETH - Another Bull trend ahead? Hey guys, Julie here =D Let's talk about Ethereum today: ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now. But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign. We have some support levels near today's price, and I think that before ETH can go up again, it will test one of these regions (pink or blue line). If that happens, it would be a great time to buy (with good confirmation, of course). I don't think it will trigger a downtrend, because on the weekly chart we have a nice uptrend, and the price is very close to the 21 EMA, so it is quite unlikely to fall. I wouldn't buy ETH yet, I would rather wait to see if these regions will really act as support, and I would also wait for more positive candles, with a good confirmation, before buying. So, to summarize: I think it will fall a little bit more to the support levels, and then it will keep going up, because on the weekly chart we have a bull trend. So that's it! Thank you for reading my analysis! I would really appreciate it if you would support me with your like and your subscription. Bye bye, have a nice day! 😊👍
by Juliehodler
2
ETH - bullish forecast for 2022If something happen in last bull cycle it doesn't have to happen in this cycle too, but we can play with these charts and make some predictions base on history data we got. The current ETH price action reminds me of last cycle price consolidation before takeoff. Graph similarities are great but ETH in 2017 isn't the same one as today's ETH. Back in 2017, for most of BTC maximalist which prevailed in the crypto world, ETH was just another altcoin with good whitepaper and smart contract which propel ICO bubble. I don't expect last bull market price action to repeat but I like this outcome and price target for end of this cycle (if we are not already reach ATH for this cycle ;) )
BITFINEX:ETHUSDLong
by Philippe_0x
20
Breaking Down ETHUSD - Another ScenarioThis is a comparison of 2016 ETHUSD to 2020 and current ETHUSD The 2016 daily chart shows a rising wedge or bullish wedge, leading to a massive increase The 2020 can be seen to show some similarities such as the 0.382 fib, which is a point of resistance in both cases I am doing my best to break down ETHUSD it is one of the more interesting charts to view, this is why I have posted multiple charts in the past, linked below. I really just thought this comparison was interesting. This one below is particularly interesting
BITSTAMP:ETHUSDLong
by Bixley
4
ETHOldest chart you can find of Ethereum. Ethereum, in the year 2017 to 2018 made exactly 24,000%. After we corrected 50% fibo, we did a climax leaving a standard Double Bottom of the figure which is a continuation of the bulls. We broke and made a pullback that rose today 14,000%. Variation in which it is very high, which also established a beautiful straight line. In the weekly chart, we can clearly see that after going up a lot, we realized that the bulls are not so strong. we see two doji candlesticks that are showing market uncertainty, thus giving CONCERN in the market. I believe if he loses bullish and straight support of $4000, he will have a very high loss of value. Time to get smart on the market! And we still have another reference that is BTC falling! Crash? DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset! I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
COINBASE:ETHUSD
by DuhNT
ETH Bullish Triple Bottom o I'm just dreaming? Opinions, please!I sincerely wish for a bullish future for ETH, so this makes me wonder if my brain is playing tricks o I see a Bullish triple bottom forming up. *Strong support level at 38% FIB BLUE ARROW = BULLISH TRIPLE BOTTOM = Happiness for those with long positions. RED ARROW MEANS = I have no clue what will happen so, be alert. Happy trading for everyone. Ps. I would much appreciate opinions on this idea to grow together, Thanks.
Long
by TradersJournal
Fibonacci Waves / Weak Market Hypotheses On the above chart I investigated the relationship and continuation of 'waves' within the Fibonacci Circle. Due to its incredible success, I decided to look over it again. On this chart I show very comparable formations (formation 1) (formation 2) Formation 1 is contained within 0.786, while formation 2 extends through the 1 level Applying the same Logic with the continuation through 2.618, the bars pattern placed is price inverted from previous move through 2.618 The Weak (form) Market Hypothesis suggests " that today’s stock prices reflect all the data of past prices and that no form of technical analysis can be effectively utilized to aid investors in making trading decisions." I find this interestingly applicable to this scenario, with repeated formations, in repeating fib levels.
BITFINEX:ETHUSDEducation
by Bixley
8
ETHPERP long into short.I think a small bounce towards the next resistance zone, so I'm taking a small long to sell for a short. ETH has been creating lower highs and lower lows for the past couple of days. I'm only risking 1R both long and short. ETH long: Entry: $4085 SL: $4010 TP1: $4290 with 1% risk for 2.73R After TP I'm going for a short with multiple targets. I expect some wicks towards 4300 in the coming day or two, that would be my entry. Entry: $4323 SL: $4469 TP1: $4085 with 0,25% risk for 1.64R TP2: $3932 with 0,25% risk for 2.7R TP3: $3748 with 0,25% risk for 3.95R TP4: $3618 with 0,25% risk for 4.84R
FTX:ETHPERP
by TactlessHank