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.
Ethereumlong
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.
ETH 1D timeframe update trade setupA while ago I posted a trade idea of ETH we have now entered the entry zone. Eth saw a big drop in price due to Covid fears. The market has entered a stage of extreme fear. Many people are bearish now and in fear that the bear market is in sight. I do believe we still have some upside left. So far looking at the bigger picture we haven't broken any important support and market crashes like this happen in bull markets
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
Common Structure VAXXART & ETHUSDSo interesting that even since 1973 a comparison like this can be drawn to the early days of ETHUSD
I have plotted a bars pattern to see if the commonalities will continue even further
Both start with a rising wedge, that is successful in breaking down.
One major difference however is that ETHUSD is on the daily chart, while VAXXART is on a Monthly chart. Still.
ETH Ethereum: Is A Big Move Brewing?Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency and the second largest by Cryptocurrency Market Capitalization.
#CryptoPickk notes the following:
1) Ethereum price formed a multi-month Cup and Handle Pattern which broke out at the end of October 2021. The re-test of the trendline happened a few days ago. It also coincided with a multi-month rising trendline (in green) where the price touched as well.
2) Ethereum price is currently headed to push through the all time high around $4,870 before going further up to $6,500. This would be a 39% price increase from the current price level.
3) The $6,500 range is the 1.618 Fibonacci Extension level, which is also the Cup and Handle Pattern target price range.
4) The RSI (relative strength index) recently bounced off the bottom trendline and is moving upwards. Breaking this trendline will have an effect on the price.
5) The Stochastic RSI (Stoch RSI), Money Flow Index (MFI) and MACD are all looking healthy.
6) The Volume is low but there is buying pressure picking up. If there is a large Volume candle that comes it, we can see prices moving up (or down) faster.
7) If the Ethereum price falls below the green colored bottom trendline, which has been significant support for multiple months, we could see much lower prices.
What are your opinions on this?
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! #cryptopickk
ETHUSDHey Traders, in the coming week we are monitoring Ethereum for a strong buying opportunity around 3997.34 zone respecting the bullish trend in combination with the strong daily demand zone, once we will see any confirmation we might consider executing the trade. Keep an eye on BTCUSD too as you know the strong correlation.
Trade safe, Joe.
ETHEREUM ETH STRONG SUPPORTEven though BTC Correction and the effect make other coins correction too include ETH but seem having strong support around 3926-3994.
The correction around fibonacci 0.382 area also price above EMA 50 TF 1D and EMA 300 TF 4H.
Good sign but wait for confirmation break out.
EthUsd- I'm pretty sure the correction is overEthereum "has held" very well in this correction, with a concrete floor at 4k.
Now the price is challenging the upper side of the recent range and a break above 4.4k would open the door for 5k and even higher
As long as the price is above 4150k bulls are in total control and only a drop under 4k would be bearish
ETHERIUM ANALYSIS (ETH PERP)I was waiting until now for ethusdt touch the 3950
which is the core of MPL of a serious FLAG LIMIT
I drew all stories of ETHERIUM
RED and GREEN lines are my favorite stories!
BLUE STORY may occur only if green flag limit ENGULFED by the price
& retrace up not to make impulse leg , to fall to the NEXT TRUE DEMAND!
that would be the whole DAILY FVG! (about 3,170)
NOTICE : 4640 is not touched yet (upper mpl)
I believe it will touch 10.000 at the close!
helped by priceaction and RTM & ICT METHODS & ORDERFLOW & SMARTMONEY CONCEPT
sincerely BEARBOURSE
ETH the Prince readyHello everyone,
Some of you have personally asked for ETH targets and charts.
Here we go, my ideas.
ETH and BTC have now successfully bottomed out, Yes you heard me. This was the floor. Now the fun starts.
ETH has perfectly retested the previous broken CUP n Handle continuation pattern and ATH. We have now a continuation which will bring us to 11k by the first week of January.
It has perfectly retested the 50 day MA confirming strength.
Indicators are all flagging strength and bullish signals on the daily frame.
It has also reclaimed the 12 MA which I use in conjunction with a bullish cross in the KST as a long-term bullish signal.
I expect all the altcoins to top out around the beginning of February, with eth reaching the top of the EW channel and reaching my 7-month-old prediction at 21k.
Also, it has printed a piercing pattern and bullish engulfing on support in the daily frame confirming the bottom.
Very short term ETH will probably paint an IHead n Shoulder confirming the breakout of the all-time high.
Anyone shorting or telling you to short the market is misinformed and not very good at TA.
A lot of fun ahead, guys...enjoy.
FOLLOW ME, SHARE, LIKE AND COMMENT
ETHEREUM LONGS I expect ETH price to break above ATH's, and take out trendline liquidity. On a daily perspective we are in a bullish market structure, price rejected D1 orderblock and confirmed the entry with a bullish momentum closure, expect the price to make today another BOS bullish and then hit 4500 h4 imbalance fill.
Ethereum- Was this all?On 10th of November, Ethereum (like a lot of crypto) has started to correct and after a short-lived spike under 4k, EthUsd has started to rise and now is consolidating in a triangle.
I admit I had expected a deeper correction, but the market seems to contradict me...
From a technical point of view, since the low under 4k, Ethereum is putting in higher lows on our chart and we have a clear resistance zone between 4.3k and 4.35k
Once this resistance is broken, ETHUSD can accelerate gains and the focus is a new ATH and 5l zone
At this point, the cryptocurrency should not drop under 4.15k for the bullish scenario to remain valid
ETH.D Analysis Using GannA Gann Fan analysis
Using the downtrend we can plot two points of Gann (2/1) and (8/1) both can be seen to be support points for the price
The uptrend Gann fan shows continually hitting of the top (1/2) seeing this we can assume that pressure is building up at this resistance point, and the bullflag that has formed above the (8/1) Gann line will smash this resistance
The indicator (MavilimW) I have tried to show a comparison to the (2/1) Gann level, possible repeating pattern on the indicator (green, yellow and red ovals)
Basically I expect ETH dominance to increase dramatically
ETCBTC Gann AnalysisUsing the Gann tool we can plot down trends and uptrends
Plotting both, it gives a support point for price, and also a resistance point
I expect a bounce off the support from the downtrend Gann line at some point
This bounce will hit the resistance Gann line (in red)
A large up channel can also be plotted if you place this up move (dotted line)
The indicator is what I expect will occur as price moves (in white)