Ethereum Options Idea for 23rd September 2022Since Ethereum has a immediate resistance level at 1580-1600 and immediate support level at 1300-1350, I thought of taking a trade in options by selling Call and Put at 1580 and 1350 levels respectively for an expiry on 23rd September.
I would keep a close eye on the FOMC meeting on the 21st, If i manage to get enough premium before the FOMC meeting, then I might as well cut my position.
Note: Options can be used when Ethereum is not moving in either direction.
Ethereumsignals
Ethereum analysis and signal!Hey dear traders!
A simple and easy trade signal for Ethereum, in short term.
I will let you know the opening and closing times of my Trade.
in case of canceling this setup, I will quickly inform you in the comments.
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Ethereum.
Please write any advice or suggestions.
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ETHEREUM is on to something. 1D & 4H analysis on KuCoin exchange*** ***
For this particular analysis on Ethereum we are using the ETHUSDT symbol on the KuCoin exchange.
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The idea is on both the 1D and 4H time-frames where ETH recently broke above a 3 week bearish pattern and turned sideways. This consolidation is more accurately depicted on the 1D time-frame (chart on the left) where you can see the price trading sideways within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) since August 30. Both got successfully tested once so far as Resistance and Support respectively. A break and candle close above the 1D MA50 should be taken as a break-out buy signal towards the 2030 Resistance and possibly the 1D MA200 (orange trend-line) at the time. A break below the 1D MA100, should be taken as a short-term sell signal towards the lower Fibonacci level (0), practically the Higher Lows trend-line since the June 18 Low.
The 4H time-frame (chart on the right) shows more clearly the break-out from the Bearish trend since the August 14 High into the recent consolidation. Once the price broke above the Lower Highs trend-line it broke also above the 4H MA100 (green trend-line) and turned the 4H MA50 (blue trend-line) into the Support, which is significant. What's left, is a break and closing above the 4H MA200 (orange trend-line), which has been the rejection point on August 25 and also has a Lower Highs trend-line (dotted one) involved that needs to break.
We have to give the bullish sentiment on edge at the moment as the MACD on the 1D time-frame just did a Bullish Cross. A few more days into it so it clearly forms and then we can have more on ETH but the last fully formed 1D MACD Bullish Cross was on June 23, straight after the Low, at the beginning of this 2-month rally.
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Ethereum forecast and signalPlease write any advice or suggestions.
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Ethereum vs Tether
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.
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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
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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.
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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.
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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?
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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.
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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.
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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!
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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.
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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.
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