Ethereum still bullish!!! At the moment, looking this chart we see that Ethereum still bullish in Daily specifically.
So guys, at the moment, putting any short position it's not be reccomend because the trend it's your friend and many people have problem to know it.
As we see that Ethreum formed a bearish rising wedge in H4, notice that we can't to entry short for what we think, did you know, based in our plans becuase if we see any short position, Ethereum need to break down the the $690 USD to consider a short position toward the $622 and $585 USD targets to consider any short position
The only update it's to change the break even at $695 USD
Ethereumlong
Ethereum in ascending triangle! Ethereum is currently in an ascending triangle which has bias to break to the upside.
A break of $750 will confirm the bullish outlook.
Trend line support is located at $720.
You can either buy the uptrend, or buy the break of $750, or just use this analysis as informative where the price is headed next!
Thanks for your time,
Tibor
ETH USDT Potential Breakout As seen on the graph. Using both Ichimoku and EMA 10 and 20 crossovers we can see the chart is looking very bullish.
Additionally, potential 'W' forming - with Fib retracement levels showing ETH reaching potentially 880 USDT.
Long after confirmation of breakout with an hourly candle closing above the 744 level marked.
ETHUSDT (Broadening Wedge Breakout)#ETHUSDT Technical Analysis Update
Broadening Wedge Breakout
ETH/USDT currently trading at $26600
LONG ENTRY level: $615 TO $625
STOP LOSS: Below $600
Resistance level 1( Target 1): $642
Resistance level 2( Target 2): 670
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
ETHBTC - Present Day: Bottom of Cycle, Beginning of RunETHBTC is in the gutter.. But the good news is it can't get much worse!
During 2020, we saw a pattern of when ETHBTC topped within its growth channel.
The 1st gap was 150D
The 2nd gap was 200D (1st gap x 1.33)
The 3rd looks to be.. 267D (2nd gap x 1.33) -- WOWOWOW
As we look to see when this next top will happen, we assume that ETHBTC is currently near the very bottom of the growth channel.
It's been stuck in a downward slope for a little bit, but we can determine the bounce angle for that downward to slope to determine the trajectory of the bounce.
From that, I just fit a growth curve to hit each of the previous low candles. Wouldn't you know it, it makes another W. It's like it's a pattern or something.
Even though BTCUSD faces a price correction, and ETHUSD will probably follow with it.. this is a good mid-term buying opportunity.
Ethereum has hit plenty of ATH's in usage rate metrics this year, its ETHBTC has been suppressed while BTCUSD has seen gains of 20% past its previous ATH.
It's only a matter of time before we start seeing some massive gains for Ethereum itself.
I think a .06-.07 ETHBTC by Memorial Day is conservative.. with Bitcoin forecasts pointing to ~$30K by then, we'll be looking at $2K ETH by Memorial Day.
Weather this storm and reap the bennies later, time to begin accumulating again!
Don't listen to me. I'm an idiot sandwich. #notfinancialadvice.
EK69420
Ethereum - Daily UpdateBottom Line: Bullish against 310.95.
Key Levels: Below 370.83, 310.95, 315.36 Above 488.12
Outlook: Expecting ETH to recapture its 488.12 high and beyond.
Analysis: The break above 460.02 signals the fourth wave triangle consolidation discussed yesterday is complete, and the further move above 468.42 today puts Ether back on track to challenge the next upside hurdle at 488.12. The bulls are in control while 441.16 stays intact as support.
Ethereum following Bitcoin Bull Circus next buy chance $650 $638I'll keep it short. Unless Ethereum takes no break and just continues to climb,
Possible buy opportunities for Ethereum is at around $650 and $638.
Make sure to set your stop loss orders not to lose any money or sit there being forced to HODL.
ETHUSDT (Waiting for the resistance zone breakout)#ETHUSDT Technical Analysis Update
Ascending Triangle breakout
ETH/USDT currently trading at $620
LONG ENTRY level: above $625( only enter after 1 h candle close above $625)
STOP LOSS: below 575
Resistance level 1( Target 1): $660
Resistance level 2 (Target 2 ): $750
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
ETHEREUM - Intraday Update - 12/09/20 (Short-term)ETHEREUM - Intraday Update - 12/09/20 (Short-term)
Outlook : Expecting ETHEREUM to recapture its $637.90 high and beyond. Breaking above $595.50 is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis : The break above $637.90 signals the second wave consolidation is complete, and the move puts ETHEREUM back on track to challenge the next upside hurdle. The bulls are in control while $480 - Wave ii - stays intact as support.
Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note : Prices can vary between ETHEREUM exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
Ethereum seems to be going back to the drawing board
Ethereum is on the verge of a breakdown to $500, mostly if the support at $540 fails to hold.
The bearish outlook will be abandoned if Ether closed the day above $540 and perhaps reclaimed the ground past $560.
Ethereum is in the middle of a retreat that could soon touch $500 following a failed attempt to recover to $600. The flagship altcoin is teetering at $545 amid fresh declines from the recent rejection at $580. Ether might complete the bearish leg to $500 if a crucial support area is depressed.
Meanwhile, the descending channel’s middle boundary on the 4-hour chart seems to be holding the fort, allowing bulls to flex their muscles. This zone, in conjunction with the immediate support at $540, must hold to ensure that potential losses to $500 are averted.
The downtrend momentum appears to have been validated by the Relative Strength Index, especially now that the indicator is dropping fast towards the oversold area. An increasing volume suggests that the bearish pressure would be felt more because massive sell orders are likely to come into the picture if ETH breaks below the above-mentioned support levels.
The 200 SMA at $530 recently functioned as a key barrier and is likely to do the same. However, if declines stretch past the zone, the next tentative buyer congestion zone is at $500. For now, the least resistance path is downwards until Ether embraces robust support, strong enough to support a rebound.
It is worth noting that, the bearish outlook will be invalidated if Ethereum defends the immediate support area. Upward price action might push ETH above the channel’s upper boundary. Trading beyond $560 is likely to encourage more buyers to join the market, thereby pulling the price to $600.
Ethereum intraday level
Spot rate: $544
Relative change: -14
Percentage change: -2.5%
Trend: Bearish
Volatility: Expanding
ETHEUR Impulse observation(2) up
(1) down
Pair of scallops.
This is not a forecast just an observation.
Right now I am concerned about the disconnect crypto seems to have from SPX and others.
Everything seems to be bullish in the crypto world (well, mostly)
Its hard to call what this disconnect will lead to.
However im just expressing my thoughts, of course.
ETHUSD (ETHEREUM) Cup and Handle Pattern#ETHUSDT Technical Analysis Update
Wait for the Cup and Handle Pattern Breakout
ETH/USDT currently trading at $616
LONG ENTRY: ONLY ENTER LONG AFTER THE CUP AND HANDLE PATTERN BREAKOUT IN 4HOUR CHART
STOP LOSS: I will update stop loss once I see the Break out in 4 h chart
Resistance level 1( Target): $730
Resistance level 2 (Target): $830
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Ethereum on the cusp of a massive breakout to $640
Ethereum lifted to new yearly highs at $636 but corrected under $600 to seek formidable support.
Ethereum's short-term analysis is bullish, where a daily close above $600 could see it resume the uptrend to $700.
The smart contract giant is currently playing defense mechanism after correcting from the recent new yearly high at $636. The flash spike above $600 on Tuesday surged above the previous high at $625 but failed to sustain the uptrend toward $700. Ethereum is teetering at $592 at the time of writing amid calls for more declines eyeing $500.
Ethereum could engage reverse gears
For now, holding above the short term support at $575 is key to resuming the uptrend. The smart contract token must also hold the 50 Simple Moving Average to be able to avert the looming danger of a retreat to $500.
If Ethereum closed the day above $600, it might encourage more buyers to join the market. A break above the double-top pattern could lift Ether in the direction of $700. Meanwhile, the short term bullish momentum is given credence by the Relative Strength Index, as it rebounds heating to the overbought region.
The double-top pattern could give credibility to a bearish narrative, leading to a massive correction below $500. This pattern is used in technical analysis to signal a possible correction after an asset hits the same peak twice without sustaining an uptrend beyond it. A double-top pattern highlights the presence of immense selling pressure.
On the downside, traders should keep in mind other key levels including the 100 SMA and $500. A drop under $500 is doubtful based on the bullish nature of the cryptocurrency market as the year comes to an end. However, if push comes to shove the 200 SMA will come in handy slightly above $475.
Ethereum intraday levels
Spot rate: $595
Percentage change: 1.8%
Relative change: 10
Trend: Short term bullish bias
Volatility: High
ETHUSDT (Wait for the Resistance Zone Breakout)#ETHUSDT Technical Analysis Update
Wait for the Resistance Zone Breakout
ETH/USDT currently trading at $590
LONG ENTRY: ONLY ENTER LONG AFTER RESISTANCE ZONE BREAKOUT IN 4HOUR CHART
STOP LOSS: I will update once Break out happened in 4 h chart
Resistance level 1( Target): $730
Resistance level 2 (Targe ): $830
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts