ETH - I'm waiting for correction and building new trendline 🤨Right now I don't see a clear situation for traders.
At the moment ATR is over 100%, the correction has already started and we are going to go to the first and second area, after that, I will wait for the trend line creation, the break-up, and the retest of this line, and this moment can be a good point to enter the position.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ethereumusd
ETH Sell the oversold correction.ETHUSDT - Intraday - We look to Sell at 2387 (stop at 2471)
Daily signals are bearish.
This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside.
20 1day EMA is at 2420.
A lower correction is expected.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 2137 and 2087
Expiry: 48h
Resistance: 2000 / 2150 / 2250
Support: 1950 / 1800 / 1730
ETH: Ready for a breakdown?ETHUSDT looks ready for a breakdown:
We are above the 180 EMA, resistance-turned-support, and the Ichimoku cloud.
But, we have formed a triangle, that looks ready for a break, considering the current trend is still a downtrend.
The triangle will probably break down pushing us below the Ichimoku cloud, turning it into resistance.
Volume has been following quite closely the moves in price, so no divergence here.
I believe this last few hits against this area of support have eroded the buyer's capacity for keeping prices this high, confidence is not great and bearish sentiment might soon go into overdrive at any sign of FUD.
Based on this, I'm really looking for lower ETHUSDT prices and going back into the 2K to 1.5K range for a while.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL IN TRADING.
Ethereum pullback to 2K??!Ethereum looks like we are going to see a pullback to 2K before we start moving back up again. We saw a break of the 0.5 FIB level and our next major support is just over 2K. We see the MACD has been very jagged recently with multiple bullish and bearish crosses and now we are just seeing the start of another bearish cross. It seems like ETH wants to start moving up but is being held down by BTC just like most of the market. very rare to see a 2 green bar cycle on the macd histogram that's why i think we are being held down. Also something very crucial to watch is that bottom bollinger band we are creeping closer and closer to that bottom band and if we do start riding it we could be in for a significant pullback maybe even lower than 2K. But i personally will see this as a great buying opportunity and will look to grab some more. And we all know the strength of ETH we have already witnessed it earlier in this cycle! Now the RSI does seem to be getting stuck below that 50. point midline and we keep seeing bounces off of it and i wouldn't be surprised if we see another. Remember only when we see a full break above this level and a confirmed hold will ETH be considered in a uptrend. So as we continue like this just like 99.9% of the market we are in a confirmed downtrend and or a mini bear market. I dont think this bullrun is over at all i believe we are just seeing a cooldown with big institutional money flowing into these projects but thats just my opinion! Not financial advice!
ETC 1676.76$ Math Calculation! + Magneto + Berlin Update.Increasing mining will definitely increase the price. Now is the time to mine Ethereum Classic. Mining If the companies do not get into this business, we will buy the companies.
BİTCOİN= 89000$
ETHEREUM = BTC*0.12= 10680$
ETHEREUM CLASSİC = BTC* 0.0082180 = 731$
or ETC/ ETH { 2017/10/13}
1 eth = 1 etc = 1 etc is valid.
Let's go back to the past. How many ethereum did 1 etc see?
1 eth = 1 etc
so actually the top of etc is ethereum
When we calculate based on Eth and Etc miners
ETH * 0.157 = example 2346(ETH Price) *0.157(Mining Hash/Rate 13.06.21) =368.32 ,4375*0.157=686.87 , 10680*0.157=1676.76
All cryptocurrencies are shaped by bitcoin nowadays. Until this is broken, we will calculate the trend against bitcoin.
Contrary to popular belief, cryptocurrencies are indexed to bitcoin.
Definitely $, €, £ etc. is not.
All coins are based on bitcoin.
#Ethereum is shaped by #Bitcoin.
Ethereum Classic is also shaped by Ethereum.
All tokens are based on Ethereum.
Magneto and Berlin Update
Let's remember Ethereum's berlin update.
I will explain in terms of price.
What happens if a very fast monetary system arrives?
Unlike banks, crypto technology has taken flight.
software developers discover new methods, new trends, new connections every day.
It is nothing but a piece of paper printed by the States. It's a contract, a smart contract. It provides smart contract on Ethereum on Ethereum Classic.
ETHUSD The Only Trend Line You NeedRestating this as I feel my first post for ETH and this was overlooked possibly,
This is a massive trend formation for the bulls
It will likely hold even against Bitcoin
At with the approaching 100MA test, that time may be soon
ETH looks really bullish, while BTC looks to find support..
ETH: Careful with a triangle breakdown and DUMP.ETHUSDT has significantly dropped since the ATH of may the 15th.
with a 60% drop and $2650 down in only 8 days before hitting a local bottom and recovering until the current triangle was formed.
This powerful downtrend seems to be stopped right now, as we form this triangle, volume keeps steady.
This triangle may soon breakdown, I'm basing this bearish scenario on the following:
The current trend is bearish
Bearish Kumo twist has already formed ahead
The rather bearish Price action of the few last days
Based on this I believe this breakdown will be followed by a small bounce from the area of support that consists of previous resistance of 2K to 1.5K range, the 180 EMA, and the Ichimoku cloud.
If this bounce is rather weak we will probably continue the downward pull.
Important ETHUSD Levels & 3rd Quarter Prediction After strong April run and following great nuking, ETHUSD has shown that demand is there. Defi seemed to survive really nicely and handled trades in situations where exchanges froze (I was using Balancer for some token swaps on ETH --> nice DEX, great team).
On a Daily chart we see a strong support around 2k levels (+/- 250$).
Looking from a "bigger picture and tart of an uptrend in early December 2020, ETHUSD is still in an uptrending situation and with progress being made on Defi sphere and oracle solutions is fascinating.
Also lets not forget Goldman Sachs review and the fact ECB was studying ETH for potential uses in their operations.
Coming PoS and burning of the tokens with (probably mid 2022) scaling solutions, ETH will be open for the flippening.
I believe price will be moving in Fibonacci level accompanied with other technical elements.
Ethereum price takes a pit stop at $2,400Ethereum scaled some key levels from last week’s support of around $2,500. The largest altcoin hit levels above $2,800 following sluggish trading over the weekend. Moreover, bears forced their way, ending the seemingly eternal dilemma in the market.
A correction followed Bitcoin’s dive from $36,000 to $32,000. Bearish calls have soared in the market, with analysts believing that cryptocurrencies are in for a massive dip.
At the time of writing, Ethereum trades around $2,500 after bouncing off support at $2,400. The immediate upside is limited by the 100 Simple Moving Average (SMA). This means that recovery emanating from the support at $2,400 could face delays at this level.
Ethereum sends mixed signals
As mentioned, support at $2,400 has stopped losses from stretching further. Nonetheless, the Moving Average Convergence Divergence (MACD) indicator has a bearish signal. The MACD line cross under the mean line (0.00) cannot be overlooked. Besides, the trend momentum indicator has slipped into the negative region; thus, adding credence to the bearish outlook.
The Relative Strength Index (RSI) dropped toward the negative region but seemed to have found anchorage at 35. As it points upward, bulls are bound to increase their entries, perhaps supported by investors coming in due to the lower prices.
Note that a daily close is required above the 100 SMA to validate the recovery. Realize that another delay should be expected at the 50 SMA, marginally under $2,700. Ethereum will only come out of the woods if the price takes down the hurdle at $3,000.
Ethereum intraday levels
Spot rate: $2,502
Trend: Bearish biased
Volatility: Growing
Support: $2,400 and $2,100
Resistance: The 100 SMA, $2,700 and $3,000
Ethereum turning BullishEthereum Bullish signs:
MACD 4hr & Daily ticked bullish
Ascending triangle (60% probability upward move)
All 4hr MAs are now in range or under Ethereum price making it possible to get above and break out
Ethereum could be a leading indicator here for which way BTC is going to move after consolidation
ETH Short at $3000.ETHUSDT - Intraday - We look to Sell at 2988 (stop at 3112)
Trading close to the psychological 3000 level.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Short term bias is mildly bullish.
Our profit targets will be 2612 and 2512
Resistance: 2900 / 3000 / 3200
Support: 2800 / 2600 / 2400
$eth path to 500 title says it all...
1. this is a time to sell, not to buy... there's no offer here... sell all spot and, if willing to short, use cme or cfd contract, or some crypto broker that allow you to use stable coin (bewary of some "stable" coins)...
2 accumulate in 900-450 range.
3 forget about it for a few years.