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
Ethereumsignals
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.
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
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 #ETH CHART CONCERNSThough I really want Ethereum to continue the rally and get to the next higher high, I am concerned that the rising channel may lose steam with lower volume and RSI still high. Lastly, if BTC can't stay sideways or rising, there may be a correction in sight. Be careful trading.
I enjoy creating scenarios. What are your thoughts? Comment below and hit the like please. Thank you!
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 #bitcoin #altcoins
ETHEREUM getting ready for $10k. Last chance to buy?It has been a while since I looked into Ethereum but what a better time to look at it than now. Ever since the May high, the price has been trading inside a Triangle. This pattern resembles the June - November 2017 Triangle which was the last accumulation phase of the 2017 Cycle before a final parabolic rise that formed the market top just below the 4.382 Fibonacci extension.
The two fractals are identical. Both parabolic rallies initially started after a 1D Golden Cross (the MA50 crossing above the MA200 (blue and orange trend-lines respectively), that followed a market bottom (Fib extensions measured from that bottom). The Triangles are the last accumulation phase before the blow-off top. The LMACD sequences are also quite similar.
If the pattern plays out exactly as the 2017 fractal, then currently we may be on one of the last chances to buy before the parabolic rally towards the $10000 mark. The 4.382 Fib extension is a little below $17000.
Will there be a better opportunity to buy ETHUSD or you are not missing this one? Feel free to share your work and let me know in the comments section!
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
ETC - Ethereum Classic Next Target 60ETC is consolidated at 50 and 55, now according to me it should move to 60 and further above. Double top has formed at 74-77, we might see another fall form that point by this month.
You can buy when price moves up and daily candle closes above 54.
Like out idea, comment and follow
ETHUSDT 4HR TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
ETHEREUM bounced exactly on the 1DMA50. We have seen this beforeETHUSD followed the general bearish market sentiment yesterday and as all cryptos, registered a strong (almost -25%) correction. The unique feat for ETH is that its correction stopped exactly on its 1D MA50 (blue trend-line).
My long term outlook on Ethereum is the following and I've last updated it on July 28, shortly after the break above its 1D MA50 gave a strong buy confirmation:
Right now, the price is holding above the Support Zone, forming a Rising Wedge (almost Triangle) pattern. According to my July chart above, we've seen this pattern every time ETH broke above the 1D MA50 and rallied since the March 2020 COVID global meltdown. As you see on the snapshots below, on all occasions, the price held the 1D MA50 and rebounded:
Is this a strong signal calling for a continuation of the long-term bullish trend? Most likely yes based on the technical data above. However a candle closing below the 1D MA50 could deliver further selling towards the 1D MA200 (orange trend-line) and take the market to a medium-term consolidation phase between the two before resuming the uptrend.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> GJMRealEstate
--------------------------------------------------------------------------------------------------------
ETHEREUM breaking above the 1D MA50 = RALLYETH closed above its 1D MA50 (blue trend-line) for the first time since the May correction. Since the March 2020 COVID collapse, that has been an early indicator for an upcoming rally.
On this post, I've plotted the Fibonacci Channel on Ethereum's price action since March 2020. As you see the RSI is also a rough indicator of when the price tends to break above the 1D MA50 as it has an approximate 60.00 break-out level.
Once that level breaks, it has taken ETH either 132, 137 or 70 days to reach its next top on the Fibonacci scale. As you see tops are progressive one level higher each time (first 1.0 then 1.5 and the most recent in May on 2.0 Fib). Technically we may assume that the next Top will be at 2.5 or higher but certainly that appears to be a very high level from the current prices especially if it technically "needs" to be achieved in 137 days (or even worse 70 days) as the model suggests.
Do you think that ETHEREUM priced its bottom and if so is the 2.5 Fib extension the next target?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoCreatin
--------------------------------------------------------------------------------------------------------
Ethereum Consolidating for HUGE Breakout SOON! 2350 Incoming?!Ethereum is consolidating in a symmetrical triangle after the most recent bullish rally. From a purely technical analysis perspective, there is a higher likeliness that price breaks upwards since price rallied into the triangle. That said, we want to wait for a breakout and confirmation before jumping into any trades. If price breaks to the upside, the potential target is at 2340. If price breaks to the downside, then the 200MAs at 2115 could be an area of potential support and therefore a good place to take profits from a short. The 200MAs is a good place to place a potential long as well if price drops down to that level.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin , Ethereum , and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Ethereum Potential Double Top, BEWARE if price break this level!Ethereum has had a nice rally since it formed a double bottom, congratulations to all my followers who took the long trade setup. It is now forming a potential double top, with the neckline at 1930. The double top will only be confirmed if price breaks below 1930, and it will be invalidated if price rallies above the second top at 2025.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
Ethereum Long Upon Volume Confirmation!Ethereum is testing the 200MAs on the 1H timeframe and holding, showing signs that price might bounce up from here. The only concern I have right now is that volume isnt very strong, so Im waiting for more volume to come in before putting in a long potential. Those who are more risk seeking could consider starting to scale in a small position here. The risk is higher as we currently dont have strong volume confirming the move, but the potential reward is higher as this might be a better entry price compared to when we do get volume confirmation. higher risk, higher reward, up to you.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
The ETH might break this channel, so pay close attention 😲😲There is some uncertainty on the Ethereum chart, locally you can see that the ETH is trading in a channel along the lower boundary, as the price rises we can also see the volume decrease, which is not a good signal, if the price breaks this channel and tests it as a resistance, it might be a good opportunity to go short with the targets noted below.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ethereum is the best opportunity to sell in this case! 🧨🧨Ethereum after a small accumulation and liquidity gathering below $1,730 level went up. Now ETH has renewed local highs at $2040, at each peak we see an increase in volumes - not a good signal for long positions.
If the price reaches a new local high at $2278 and the volumes are also high at that time, it could mean that liquidity to sell is collected and there is a high probability that the price could go down!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ethereum - The triangle is broken!🤑🤑Ethereum broke the global trend line, which has been building since May 12, additionally, a triangle was formed, which was also broken by the price!
If there will be a successful retest of the broken triangle as support, locally it could be a good entry point into a long position, with the target indicated above!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETHEREUM DOUBLE BOTTOM BREAKOUT @ 2170! TIME SENSITIVE!Ethereum is forming a W-pattern double bottom pattern with the neckline at 2170. If price breaks and closes above 2170 with strong volume, then I will put in a long scalp trade. As we are testing this neckline right now, this buy signal could come at any minute. Of course, if we dont get the breakout, then this pattern is invalidated. Im waiting for confirmation before opening a position.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Breakout opportunity on ETHUSDTRecap : Congratulations to all the people who took my bitcoin short from 32k to 30k, as predicted in my last post(linked below).
ETH is currently in a descending channel and looks like it is going to have a breakout. If it does my price target would be 2k for it, that is, around the weekly resistance level. But also currently it is in good resitance zone so there are chances that it might not break the channel in few days.