Ethereumsignals
ETHUSD Needs to break above this level otherwise dump possibleEthereum (ETHUSD) has been trading within a long-term Channel Down since the November 10 2021 High. In recent weeks though, since the July 13 2022 Low, the price has made an aggressive run of +100%, pushed by the late bullish fundamentals. We clearly showed that bullish potential on our last ETH analysis a month ago:
That rise is starting to show some indicators that the rally may be over. It is not just the fact that it hit the 0.786 Fibonacci retracement level and started pulling back (same was done on 0.618 and 0.6 anyway) or the 1D MA200 (orange trend-line) being just above near the Channel's Lower Highs (top) trend-line, but more importantly the 1D RSI trading sideways sine July 18 and being rejected inside the overbought Resistance Zone on August 13. The other three times that this has happened in the last 12 months, lower values followed. Especially within the Channel Down, that marked the start of selling sequences to new Lower Lows.
Last time in particular (April 03 2022), ETH was also rejected on the 1D MA200, exactly on the Lower Highs trend-line of the Channel Down. As a result, breaking this shouldn't be enough to restore the long-term bullish trend. What may be enough on the other hand is a break above the 1D MA500 (yellow trend-line), which has been acting as a pivot through these past years, first supporting the price from January to March 2022 and now posing as the Resistance.
As a result, for long-term ETHUSD traders, it may be a good idea to take the huge profit if you opened the buy on time as we suggested and either go for the price that a new potential sell-off may lead to or buy when the 1D MA500 breaks.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Ethereum forecast and signalPlease pay attention!
First: Trades have a time term , and in this case, it's from now until the next 11 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
So for this one, the trade is activated when the price reaches and crosses $1935 (USDT)
Before the price crosses the mentioned place, the trade position is not active
----------------------------------------------
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Trading opportunity for ETHUSDT - EthereumBased on technical factors there is a short position in :
📊 ETHUSDT Ethereum
🔴 Short Now 1526.10
🧯 Stop loss 1650.00
🏹 Target 1 1350.00
🏹 Target 2 1200.00
🏹 Target 3 950.00
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
ETHEREUM Comfortably above the 1D MA50. Aiming at $2200.Ethereum (ETHUSD) is currently on a minor three day pull-back following the emphatic break above the 1D MA50 (blue trend-line). The stop/ rejection of that break came exactly on the 0.5 Fibonacci retracement level, which is the middle of the long-term Channel Down pattern that ETH has been trading in since the November 10 2021 All Time High (ATH). Don't forget, keep an even longer-term perspective if you want to have a clearer outlook of where we are in the market relative to past Cycles. This is something we've outlined a month ago when ETH was testing its Parabolic Growth curve, giving a buy signal:
On the shorter term and 1D time-frame, we have to consider the RSI Resistance Zone involved, which may be an additional reason for this profit-taking we're experiencing after the 1D MA50 break-out. However this doesn't mean that buyers have to leave the market as, as you see, all prior RSI Resistance tests, still gave (in some instances rather big) bullish extensions (the green Channels on the chart), before dropping evidently.
As you see, a similar extension to late October/ early November 2021 would push the price exactly at the top of the Channel Down, right on the 1D MA200 (orange trend-line), which provided the last big rejection of the pattern on April 05. This extension (March 28 - April 05 2022) was the smallest of the group, while the biggest was August 2021.
This detailed chart shows how to act accordingly and close/ open trades within the Fibonacci levels, but always keep a long-term cyclical perspective as well.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
ETHUSD On the lowest 1W RSI ever testing the Growth Curve!Ethereum (ETHUSD) broke this week (chart on 1W time-frame) below its 1W MA200 (orange trend-line) for the first time since October 2020. The 1W RSI hit the lowest level ever recorded in ETH's history and by doing so, the price hit its Logarithmic Growth Curve (dashed line).
All this paint the picture of a strong Support Zone. However, there is a certain condition from Ethereum's last Bear Cycle that hasn't yet been fulfilled and that is touching the 0.5 Fibonacci retracement level from the moment the Parabolic Rally (green Channel Up) started. In December 2018 that was where the Bottom was formed. That parameter is now around $625. Interestingly enough it is exactly where the 5 year Higher Lows trend-line is. If the Growth Curve breaks, it is very likely to see the final bottom there.
Do you think the historically oversold 1W RSI is enough to accumulate buyers and prevent this?
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
ETH Update - Next Target @ $1,600The 4 Hour chart is over bought.
Momentum is dying and it looks like ETH will be on its way down soon.
Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it.
Small bounce expected once it hits #5.
Entry Between:
$2,053 - 1934.36
Take Profit:
TP 1 - $1,792.41
TP 2 - $1,613.06
Stop Loss:
$2122.11
If you'd like me to analyse any other crypto send me a message or leave a comment 👍🏽
Happy trading!
Not Financial Advise. Do Your Own Research.
Ethereum : Ready to for a breakout or breakdown weekAfter consolidating below $2000 , ethereum is getting close to another breaking point. In coming week we might see a breakout or break down . long term position entries are already taken in ethereum with last entry at 1800. The initial target I am targeting is $3000 for long term. In coming week my idea is that if the price goes down it may test the support of 1800 once again.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
ETHUSDT Channel patterns with clear Resistance levels.*** ***
For this unique analysis on ETHEREUM we are using the ETHUSDT symbol on the Phemex exchange.
*** ***
The idea is on the 1D time-frame, with the RSI being on the 1W for reasons we'll explain later. As you see, the dominant pattern since the January 24 market bottom, has been a Channel Up. Since the April 03 Higher High, the corrective wave towards the Channel's bottom, has turned into a Channel Down (yellow pattern). Right now this pattern has come to its closest to the Channel Up Higher Lows (bottom) trend-line since February 24.
The price has to overcome the Resistance levels of the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) but the current trading level appears to be the best buy opportunity since March 13. Technically, the next Higher High could be on the 0.618 Fibonacci retracement zone since Ethereum's All Time High (ATH). Interestingly enough, the previous two Higher Highs have been just above the 0.382 an 0.5 Fib retracement levels, so 0.618 as the next Higher High comes as a natural progression. Notice how the application of the Fibonacci Channel extension levels, charts perfectly a path to the ATH, which can be on the 1.5 Channel Fib extension.
Another interesting aspect, is how similar the current sequence on the RSI (1W time-frame as mentioned) is with the pattern of September 2021. That fractal was also a Channel Down corrective wave and when the 1W RSI bounced on its MA (yellow trend-line on the bottom pane), the price started an aggressive rally. We are expecting a similar development, unless the Channel Up breaks below its Higher Lows. In that case, we could see a test of the 2166 Support level.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
ETHEREUM finished its corrective phase & will rise parabolicallyAs mentioned back in December 2021, Ethereum (ETHUSD) was at the start of a corrective mini-phase that we previously saw in October - December 2016.
I made a case back then that ETH was replicating a pattern of its previous Cycle that eventually led to its market top. That is the green Triangle formation of March - September 2016. What followed after was a corrective mini-phase outside the Triangle that extended for roughly 9 - 10 weeks and only found Support on the previous Low.
This time Ethereum broke above the green Triangle and started its corrective mini-phase from higher ground. The 1W RSI sequences of the two fractals also illustrate that. However it also reached the correction phase low in roughly 10 weeks. Last month (March 2022), it made a Higher High for the first time since the correction, confirming that the correction is over, the new Low (bottom) is in and most likely it will now start the big parabolic rally towards the new market (Cycle) top.
Another indicator set that also shows that ETH is at the point of an aggressive bullish break-out, is the 1W MA50 (blue trend-line) and the Upper Bollinger Band (UBB). As you see, in January 2017 those two made contact but didn't cross each other and then the price bounced aggressively. Right now we had this contact last month and already see the UBB rising.
The comparison with the previous Cycle certainly shows that some phases may not be as aggressive as their respective ones of the previous Cycle. Take for example the rally that followed the market bottom phases (blue Triangles). The one that followed the October 2015 bottom was much more aggressive and quick than the one that followed the March 2020 bottom, which was less aggressive and lengthier.
What's your view on this one? Do you think that we are just starting the new parabolic rally that will eventually lead to a Cycle Top? Feel free to share your work and let me know in the comments section below!
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
ETHEREUM: MOVING AS EXPECTED.Welcome members to this update on ETH.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
ETH is rallying as expected. It broke out of the resistance level which is good but let's be careful here cause the RSI is at overbought range. This could either be a fake-out or an actual breakout towards $3.5k.
Looking at the market sentiment and the RSI, things need to settle down a bit.
Let me know what you think about this idea and if you like it then do like and share.
I will cover more on this in the coming days until then stay safe and trade well.
Thank you.
ETHEREUM Major rally ahead if the 1W MA50 breaksLast time I looked into Ethereum (ETHUSD) was at the beginning of the month, where I presented a trading plan based on the break-outs of the Triangle on the 1D time-frame:
Now that the price broke above the Triangle, causing a bullish break-out signal as per the strategy, it is time to look into ETH again but on the 1W time-frame as we are ahead of a critical test.
As you see, the price is about to hit the 1W MA50 (blue trend-line). ETH hasn't closed a week above it since the January 10 2022 1W candle. It doesn't therefore take much to realize how important of a Resistance level this trend-line is. What may be even more crucial though is the fact that during the 2016/2017 Bull Cycle, the price formed the very same Accumulation pattern that ETH has been currently in since the May 10 2021 candle.
At that time, the accumulation ended when after 2 months of trading below the 1W MA50, Ethereum closed a 1W candle above the 1W MA50, causing a bullish break-out signal and initiating a massive parabolic rally. Right now, we may be entering this last phase of the Accumulation where a 1W candle close above the MA50, can kick-start the next rally. Even the 1W RSI sequences during the Accumulation phases are similar. Regarding where the next top may be, a safe idea is to look for a test of the RSI Resistance Zone, which is where the rallies historically take a pause.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
ETHUSD Lower Highs and 1D MA100 are the key. How to trade those.Ethereum is currently testing its 1D MA50 (blue trend-line) and even though it has marginally broken above it three times since December 09 2021, it failed to hold a sustainable rise and got rejected under the pressure of a Lower Highs trend-line.
The very same Lower Highs trend-line has been seen during the previous correction and subsequence Accumulation Phase on ETH's bottom, below again the 1D MA50. However, it was when the 1D MA100 broke (green trend-line), which happened to be just below the 0.382 Fibonacci retracement level, that ETHUSD confirmed entering a bullish trend long-term.
We just so happen to be on a similar situation now, with the 1D MA100 declining rapidly near the 0.382 Fib. We monitor the price action first for a break above the Lower Highs trend-line and then for a break-out above the 1D MA100, in order to confirm the bullish reversal on the long-term. In that scenario, look for a first High near the 0.618 Fib, as in August 2021, which is currently just over $3800. If the Lower Highs trend-line rejects the price again look for a pull-back towards the 2160 low again.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Ethereum to break support, 1800 here we come!Like all crypto market, Eth has reversed strongly from my pointed-out sell zone yesterday and what took 48h to gain was erased in only 8 hours, giving us a strong clue about the bearish momentum.
At this moment the cryptocurrency is trading exactly in 2400 support and a expect a clear break under soon.
Bears can target the next important support at the 1750-1800 zone and only a daily close above 2800 would negate this scenario.
ETH the prince is fallingHello Everyone.
In this chart, I plotted what I expect to happen next for Ethereum. Although some were expecting ETH to outperform BTC, the reality is that alts are often topping after BTC, so it was following a similar pattern to the king. There was a fake-out at the All-time high, signalling the reverse trend. From there, ETH has formed the first primary wave of wave C. I expect this Flat correction to end around the end of March, with eth going to 1650. There is a very small chance we may even see 1400 if the wave turned out to be more violent. This won't happen in a straight line. There will be a relief bounce around 2200 which will likely push eth back to 2700. After that, ETH will then head to 1650.
Although I tried to be as accurate as possible as the price chart update in the future, I will be more precise. However, I am pretty fund that we will see 1650 by the end of March.
This Hypothesis will be invalidated if ETH manages to break back above 4000.
Nevertheless, you can also appreciate that this idea agrees with the Elliott wave channel that I have drawn (thick black lines).
The good news is that after this painful correction, I expect Ethereum to top out at 20k, which has always been my final target. The timeline has only been delayed.
FAs always, make sure you use the proper risk management and place your stop losses. In the market is not essential to be right but to make money and preserve your capital in case you are wrong.
FOLLOW ME, SHARE, LIKE AND COMMENT
ETHEREUM is on a corrective mini-phase. How low can it go?It is possible that ETH is replicating a pattern of its previous Cycle that eventually led to its market top. That is the green Triangle formation of March - September 2016. What followed after was a corrective mini-phase outside the Triangle that extended for roughly 9 - 10 weeks and only found Support on the previous Low.
This time Ethereum broke above the green Triangle and started its corrective mini-phase from higher ground. The 1W RSI sequences of the two fractals also illustrate that. Since we are already on the 9th week of trading outside this Triangle, could it be that ETHUSD is approaching its new market low?
The comparison with the previous Cycle certainly shows that some phases may not be as aggressive as their respective ones of the previous Cycle. Take for example the rally that followed the market bottom phases (blue Triangles). The one that followed the October 2015 bottom was much more aggressive and quick than the one that followed the March 2020 bottom, which was less aggressive and lengthier.
Do you think the correction will be extended to the low of June 2021 or are we near a bottom already?
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
ETH/USD trade updateWhen we look at the chart we can see that the price is going back up a little. We can also see that the price broke a possible descending wedge and that is also a good sing of the trade going up. What we could see now is a little drawdown back to the descending wedge to do a retest of the level. Once we get that I would increase my position if the volume and liquidity are good. For now it is just waiting but it does look good.