Ethereumusd
ETH-BTC Gann - Areas of importanceCircle is the main area of importance, would be great to hodl and continue the up trend.
The main bull breakout can be observed above the curve of resistance plotted (arrow)
If this trend hodls a very large breakout may result against bitcoin
Ethereum hodls utility, Bitcoin is a store of value.
Ethereum may complete Cypher move for upto 61% rallyHi dear patrons, hope you are well and welcome to the new update on the Ethereum coin.
On the long-term weekly chart, the price action of the price action of Ethereum with Bitcoin pair,1st formed BAT pattern then Gartley and now completing the final leg of another bullish Cyhper pattern and soon it will be entered in potential reversal zone. On breaking down 25 SMA the move will be confirmed. There is 100 SMA in the potential reversal zone to provide good support.
this trade has a profit possibility of 61%, and the loss possibility is 14.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Fighting hard against Parallel Channel*CHART UPDATE
ETH is still fighting hard against the upward of parallel channel .
Daily candle closing above it will skyrocket the price.
ETF + institutionals is pushing price hard.
No selling pressure.
I still believe in my $4~5k+ target in long term, but ETH need break this channel first.
ETHEREUM FALLING SOON hello traders ,
Welcome to my price forecast Ethereum/usd.
Ethereum is moving inside upward channel.
there are basically three types of channel directions,
one is upward slopping channel which 80 - 90 % of the time break downside
second is downward slopping channel which 80 - 90 % of the times break upside .
third one is side ways which means market unable to decide the direction and
we can trade inside channel with the help of price action.
now what is price action ?
price action is vast topic but it include candlesticks, support resistance, moving average etc
so here we see in Ethereum price is in upward channel and hopefully it will break downside .
our target is at support level for now .
and we also see bearish divergence which confirms its upcoming fall.
safe entry is after blue line break.
Thanks for watching my idea , have a green day ..
ETHUSD: Before Entry LONG, be carefully on this RETRACEMENT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
ETHEREUM/USD
⚪ Technical Analysis :
Since the 5th of February the price has been following an uptrend creating an interesting rising wedge pattern, few bounces and rejections on its dynamic trendlines confirm the validity of that pattern.
On the 10th of February the price reached the main resistance zone at about 1834.50, failing few attemps to break it.
After a quick and strong rejection, the price reached one more time the same level, creating a lower high.
It is currently moving close to its dynamic support line and the next price action around that level will be essential to define the next market movement.
🔴 Conclusion :
In my previous analysis, I explained my long scenario about this market, defining a target on the level at about 1900/2000.
You can have a look clicking the link below:
I'm still confident to see the price going up more, but right now is showing us few sign of weakness and there is a nice possibility to see a retracement.
The price is ready to explode, but creating a lower high on every attempt to break through the main resistance zone and the RSI with 20 period is showing a clear divergence.
If the price will break down its wedge pattern, I'd wait a bounce on the dynamic trendline before planning a long position or eventually the price will break through the main resistance find your best entry point!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Ethereum ForcastMy personal forecasted scenario for Ethereum
Reason for forecast logic
1) Affinity for triangles
2) Pull back from last weeks breakout and consolidation price of 1700 - 1800
3) Bitcoin still drawing focus from ETH at this time due to cool off and cycle back to ETH soon
4) Double Top at 1800
ETH breakdown lingers despite the network overtaking Bitcoin in
Ethereum retraces from the new record high aiming to secure support above $1,700.
The formation of a rising wedge pattern hints that the correction could be extensive.
Ethereum network is moving more value in Ether compared to Bitcoin blockchain with BTC.
Ethereum is struggling to sustain the uptrend after rising to a new all-time high. The largest smart contract token was recently elevated above $1,800 but could not continue on the trajectory eyeing $2,000.
Meanwhile, a retreat has come into the picture, whereby Ether is seeking higher support. The bulls in the market are prioritizing support above $1,700 to keep their focus on $2,000. However, short term analysis shows that bears are gaining control and fast, thus the likelihood of Ethereum diving to lower levels.
The 4-hour chart brings to light the formation of a rising wedge pattern. Usually, this pattern is regarded bearish and leads to a trend reversal. Therefore, if validated, ETH may drop toward $1,600.
Notably, the 50 Simple Moving Average (SMA) on the 4-hour chart is in line to provide the much-needed support and help avert the potential losses. Nonetheless, if the bearish outlook remains persistent, Ether will be forced to look for support near the 100 SMA and the 200 SMA.
Similarly, the Moving Average Convergence Divergence emphasizes the growing pessimistic outlook. In other words, the least resistance path is downward until robust support is secured.
It is essential to note that Ethereum has recently grown to become the most significant protocol for trustless money settlement, overtaking Bitcoin. An on-chain metric by Glassnode shows that the Ethereum network is moving more value with Ether than Bitcoin blockchain, which uses BTC. Simultaneously, Ethereum 2.0 will review the high gas fees on the network; hence the value transferred might continue to hit higher highs.
Ethereum intraday levels
Spot rate: $1,735
Relative change: -7
Percentage change: -0.4%
Trend: Bearish
Volatility: Low
ETHEREUM - Sticking to the planSecret to successful trading is to stick to the plan!
We have been buying for the last 3 weeks , taking profits at all time highs and buying in again at the dips .
Let's not ignore 'Market games', manipulation and fundamentals.
I said I would be buying until Feb 8th and then sell. The CME factor, yes. In 2017 when the CME started trading Bitcoin the price dropped.
Ethereum will suffer too, I am confident it will happen BUT it is NOT the time to go short yet...
You see, the game is played differently every time but the outcome is always the same..
so, buy mode still on, sell button can wait a bit more.
That's me and how I see things.
A little bit still goes up #Ethereum #ETHUSD #tradingviewI like that:
Forward forever,
backwards never!
That's how it can go on for the next time.
The big BUT I probably get out only in the summer
but then Ethereum is also still higher.
Greetings and have a nice weekend to the Liker.
For the rest, may the heating fail for a day or the Internet access, depending on what is more important to this reader 😂
Stefan Bode
ETHUSDT, long after correction.Hi everybody. Picture on ETHUSDT chart window very simple with XRP. We have a situation when bullish potential too big but in near past nobody want to satisfy. So i think market want better (lower prices) i mark this levels red color. I think we will purchase from resist and then going upper. Volume analysis "Earned Pro", levels thanks to X-Lines script.
ETHUSD: the price will move soon up to 1900! Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
ETH/USD
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been creating an interesting ascending channel, getting many rejections on the resistance zone at about 1400.
Every time, the price made a higher low and that confirmed our chart pattern.
On the 2nd of February 2021, the price finally broke through the main resistance zone, pushing up until the level at about 1750.
The market is currently overbought and there is a good chance to see a trend correction until a re-test on the level 1400/1430.
🔴 Conclusion :
The price is currently moving in an interesting situation, I usually like trading this pattern and I'll be waiting for the price to re-test the main S/R zone before planning my long position on this trade.
My possible target would be the reflection of its first wave of its triangle pattern, that means I'm confident to see the price reaching soon the level at about 1900! I'll update soon this idea.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Late 2017 scenario x 2021 scenarioEthereum late 2017 ATH Scenario
1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance);
2) Ethereum touched just one time U$1.400;
3) 4 days after touch U$1.200, dropped down to U$770;
4) 24 days after touch U$1.200, dropped down to U$550;
Shorten: Ethereum don't holded above U$1.100.
Atual Scenario (2021 ATH )
1) Ethereum daily candle closed 23 days above U$1.200 (major resistance)!!!
2) Ethereum daily candle touched 4 times U$1.400!
3) 12 days after touch U$1.200, went up to U$1.400.
4) 27 days after touch U$1.200 (today), the price is U$1.470.
5) 100 days daily RSI holding at 50+.
Shorten: Ethereum holded strong above U$1.100 + 50 RSI.
Comparison of scenarios
It is very obvious that the current scenario is totally different from 2017 ATH .
The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH .
It's just a matter of time to break ATH and rush to 4~5k+ level.
PS: I believe it will happen this year, in the coming weeks / months.
PS2: When ethereum breaks ATH , with daily candle closing above U$1.500, alt season will start strong.
ETHEREUM Is Undervalued? Breakout sets sight on $2000?Hey Everyone,
With Cryptocurrency coming back into focus this week we have seen big breakouts in BTC and Ethereum. In this video we compare what we are currently seeing on ETH/USD and ETH/BTC charts to try and find the peak for this next move, enjoy!
Cheers,
Tom
ETHUSD Developing FurtherThe future of finance,
Check defipulse.com for the current moonshot that's happening within the DeFi space
(a) is a similar point of reference and the basis for the bars pattern predicting the future move
I believe the parabolic move (in blue circle) was a premonition for what is to come
Some of my previous work on ETH