ETHEREUM - We remain BullishOur updated Ethereum chart. Shake-offs were opportunities to Buy again and we remain bullish on the asset. Unlike the previous month that we were focused on Bitcoin I remain focused on Ethereum at this stage simply because the fundamentals are strong (new version and CME futures) as well as the fact that the price of Ethereum keeps flirting with new all time highs, thus more headlines and new investors.
All this until February 8, where as I have stated before it will be time to short it.
Ethereumlong
Ethereum 4~5k+ TargetEthereum 2017 ATH Scenario
1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance);
2) Ethereum touched just one time U$1.400;
3) 4 days after touch U$1.200, dropped down to U$770;
4) 24 days after touch U$1.200, dropped down to U$550;
Atual Scenario (2021 ATH)
1) Ethereum daily candle closed 17 days above U$1.200 (major resistance)!!!
2) Ethereum touched 4 times U$1.400!!!
3) 12 days after touch U$1.200, went up to U$1.400.
4) 21 days after touch U$1.200 (today), the price is U$1.300.
Comparison of scenarios
It is very obvious that the current scenario is totally different from 2017 ATH.
The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH.
It's just a matter of time to break $ 1,400 and rush to 4~5k+ level.
PS: I believe it will happen this year, in the coming weeks / months.
PS2: When ethereum breaks ATH, with daily candle closing above U$1.500, alt season will start strong.
Ethereum Price In Falling wedge | Ethereum price in Falling wedge with trend line support below
If ethereum not able to breakout above the falling wedge than it can touche below trend line support and bounce again from the trend line support zone.
Watch level closely and enter the trade.
trend line support at 1150 mush hold else enter to sideways.
ETHEREUM -Video UpdateHi guys,
on this video I explain why Ethereum is the crypto i prefer to invest in and also trade, in this period.
Fundamentals being the new version that is coming out and also the CME futures commencing on Feb 8th.
The chart is ascending but extremely volatile so maybe use a small leverage if you are not comfortable with a higher one.
Hope you like the video and i appreciate your likes and comments.
ps. February 8 is much later, keep in touch for more about that
EXACT projection in artwork + mathematically possible in ETHTechnical analysis regarding the price of ETHEREUM in relation of dollar Binance for the next scenarios, based on 4 hour movement.
The price formed an inverted Shoulder-Head-Shoulder graphic pattern (bullish pattern) and, if we take Fibonacci and project from the beginning of that leg kick, the target perfectly matches the size of the projection from the beginning of the neck line to the head. It is a beautiful thing to observe, with mathematical principles that can be respected!
Price above the Exponential Moving Average of 34 and 89 periods and both moving away from each other.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Ethereum price potential to $3,000 becomes apparent
Ethereum holds firmly onto support at the 50 SMA on the 4-hour chart.
ETH begins the uptrend afresh, targeting levels above $1,500.
A possible double-top pattern could jeopardize the rally to $3,000 and perhaps lead to more losses.
Ethereum has been adamant to follow in Bitcoin’s footsteps over the last couple of weeks. The flagship altcoin executed its own rally even after BTC ran out of steam. The rise to a new all-time high was particularly encouraging to the investors, whose confidence in recovery to levels around $3,000 has increased greatly.
Ethereum seeks higher support before resuming the rally
The recent spike from the support slightly above $1,100 elevated Ethereum to highs around $1,481 (on Coinbase). It was clear that buyers eyed an upswing past $1,500 but Ether lost momentum, leading to a reversal.
The 50 Simple Moving Average on the 4-hour chart has provided support for Ethereum at $1,300. ETH is trading at $1,365 as bulls push for a return to price levels beyond $1,400. The Moving Average Convergence Divergence or MACD suggests that Ethereum is gradually falling back into the hands of the bulls, evidenced by the move into the positive territory.
Trading above $1,400 will add credibility to the expected move past $1,500. Moreover, a move of this magnitude could trigger the fear of missing out (FOMO) as investors rush to take advantage of another rally targeting $3,000. According to the Chief Technology Officer at Bitfinex, Paolo Ardoino:
"The Ethereum price has pierced another all-time high. The potential of ether is becoming more and more apparent as it demonstrates a formidable capacity to support many projects. Ethereum is a key platform for building blockchain projects and is an integral part of launching decentralized applications. With DeFi protocols exceeding $19B in TVL and showing no signs of decelerating, we may see the price of ether grow alongside its use."
Looking at the other side of the fence
It is worth noting that Ethereum may slow down the uptrend if the double-top pattern on the 4-hour chart confirms. This will likely increase the selling pressure in the market, hence delaying the breakout. Moreover, losses may come into play that may retest support at the 50 SMA, 100 SMA, and 200 SMA.
Ethereum Price Uptrend Jumpstarted Eyeing $2,000
Ethereum swings to new record highs, leading recovery among the top cryptocurrencies.
Ether must close the day above $1,500 to validate the uptrend to $2,000 while on the downside support at $1,200 is crucial.
Ethereum is among the best-performing cryptocurrencies in the market after a gruesome end of the week. The weekend session was characterized by consolidation across the board but Ether bulls focused on regaining complete control over the price.
Data by CoinMarketCap shows Ethereum trading 16% higher at $1,430. Recovery from last week’s low of $1,145 has been consistent. Various hurdles have been broken to pave the way for the accrued gains including the 100 Simple Moving Average, the 50 SMA on the 4-hour chart, and $1,300.
The biggest milestone has been trading above $1,400 and achieving a new record high of $1,481. A glance at the short-term chart highlights the growing bullish influence as bulls fight for action beyond $1,500
The Relative Strength Index is not quite overbought yet, hence the availability of room for growth. The upswing to $2,000 will be validated if Ethereum closes the day above $1,500. Besides, establishing higher support will call for more buy orders which in turn will increase the tailwind behind Ethereum.
For now, the least resistance path is upwards, however, sustaining the uptrend above $1,400 will play a key role in the remaining journey to $2,000. Note that failure to hold at this higher support may increase overhead pressure on ETH/USD.
On the downside, support is anticipated at $1,300, $1,200 and $1,100. The 50 SMA and the 100 SMA will also absorb the selling pressure. Immense support is accorded to the pioneer altcoin, further validating the uptrend.
Ethereum intraday levels
Spot rate: $1,430
Relative change: 34
Percentage change: 2.4%
Trend: Bullish
Volatility High
Preço da ETHEREUM caminhando para uma nova ATH > "All Time High"Technical analysis regarding the price of ETHEREUM in relation of dollar Binance for the next scenarios, based on 4h movement.
Explanations on the chart!
I believe that the price is moving in this upward trend, and when it accumulates, the price continues with the upward trend ~ even because in the context, the accumulation continues with the previous movement, so if it breaks, it may cause the price to rise ~ and notice that the price is forming an accumulation.
By projecting the targets with Fibonacci, I get the levels where the price can get.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/24Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Bitcoin!
MARKET OVERVIEW
Price Action: ETH consolidated at the 200MAs, and has broken out from that range and is rallying hard.
Chart Patterns: No patterns.
Areas of Interest: The area(s) of interest for us are the highs @ $1438 and the 200MAs @ $1235-1255.. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP: LATEST 3 TRADES
2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit.
2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC.
2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC.
TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: Retest and Continuation (200MAs)
To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up.
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $1235-1255 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down.
1. Price Action: Price breaks above and then falls below the high @ $1438, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
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About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals.
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I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
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ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 1312 (stop at 1248)
Daily signals for sentiment are at overbought extremes.
Trading within a Bullish Channel formation.
Prices look to be heading towards a new 3 year high.
A break of bespoke resistance at 1300, and the move higher is already underway.
Our outlook is bullish.
The trend of higher highs is located at 1540.
Trading volume is increasing.
Our profit targets will be 1526 and 1618
Resistance: 1300 / 1350 / 1440
Support: 1240 / 1175 / 1140
#ETH to $2800. #ethereumIf #ETH breaks the neck line on this double bottom pattern i expect to see £2800.
This is a very common trading pattern and lots of retail and institutions traders will be watching it.
HOW ITS TRADED.
-Once we break above the all time high (neck line of the "w"), we should see a brief retest of that line.
-If the retest holds we will see large buys only increasing as we break above the initial breakout.
£2800 is a minimum for this pattern.
With institutions,industries and governments realizing the scope of blockchain i fully expect #Ethereum to go much higher
in the coming years.
Ethereum price drops like a rock, eyes $900
Ethereum plummets from record highs of $1,446, resting sub $1,000 amid widespread crypto corrections.
Ether may break down to $900 if support at $1,000 fails to hold.
The cryptocurrency market is in bloodshed with assets posting massive losses over the last 24 hours. Ethereum is down a whopping 21% amid continuing declines while Bitcoin is trading sub $30,000 and could drop to $25,000 as predicted on Thursday.
Over $165 billion of the crypto market value has been wiped off as investors panic-sell in a bid to take profits. Meanwhile, the total market capitalization holds at $850 billion after dropping from $1.015 trillion in less than 24 hours.
Ethereum is trading at $1,130 after the cryptocurrency lost the ascending parallel channel support as discussed on Thursday. Other tentative support levels at the 50 Simple Moving Average and the 100 SMA on the 4-hour chart did little to stop the losses.
For now, the least resistance path is downwards, especially with the Relative Strength Index heading fast toward the oversold area. The trend indicator highlights a bearish divergence, which may have validated the breakdown.
Support at $1,000 is expected to help shake off the selling pressure in the market, and perhaps function as a stepping stone for Ethereum to resume the uptrend. However, if declines overshoot this zone, Ether is likely to extend the bearish leg to the 200 SMA before revisiting the primary anchor at $900.
Ethereum intraday levels
Spot rate: $1,130
Relative change: 13
Percentage change: 1.2%
Trend: Short term bullish
Volatility: Expanding