ETH price TARGET revision + where to GET INEthereum is going down like crazy. Yeah, it was overbought, and yes, the previous rise was massive, but I understand that many buyers just wanted to be IN. So if you bought it higher, and now you need to dilute your position, I can show you some levels to enter into ETH.
Despite this massive fall, we are still bullish, but... It does not mean that we can't go lower. If you are prepared to BUY, save some cash for lover levels.
Here you have levels for LONG positions:
$939
$905
$853
$831
$805
Ethereumusd
ETH 1D pattern "Cup and handle" is worth readingIt is very likely that the model "Cup and handle" is formed on the ETHUSDT chart.
The cup has been forming for 3 long years, or 1095 days.
The ETHUSD price could not overcome the previous high of $1440 at the beginning of 2018. As of now, a high is $1350.
Given that BTCUSDT has updated a high of more than twice, logically, the ETH price should be around $3000, but it did not happen.
According to the formation rules of the pattern "Cup and handle" , the formation of the handle cannot last longer than 1/3 of a cup, ie a maximum of 365 days or a year until the next powerful impulse.
We already feel how we will be hated for such thoughts), because everyone thinks: growth, growth, only growth!
Ideally, the smaller the handle, the stronger the shot up. Therefore it is necessary to watch carefully formation of the handle, and to do it on the given chart it is necessary to like and to write the comment!
We assume two levels for the formation of the bottom of the "handle" - they are $470 and $350. The process of the price lowering there will be long and tedious, especially when most do not believe it yet.
We take this global idea as a basis and we will generate short-term ideas based on it, with targets closer.
For example, now the most logical fall to $800 or even to $600, from which we can expect a solid price rebound.
Another important condition in the formation of the "handle" is the volume: in the first half of the "handle" they must be low, such as reluctant fall, no one believes in it and does not sell.
As soon as you see that the average daily volumes begin to grow, it is worth thinking about buying.
Or even easier, follow us and we will tell you :)
Follow the market in cold blood, without rose-colored glasses and then your deposit will increase.
You are not the creators of projects to fanatically believe in them. You are traders - bought-sold, put the profit under the mattress :)
PS:
We wrote about a possible BTCUSD cost fall two days ago in the weekly digest, read it in full)
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
ETHUSDT, short to 1000. After passive solds.Hi everybody. So we have a picture when big players sold too much ETH near strong and maximum daily level 1253. After that price go down to 1105 but there nothing investions on this downward part. And thats why i think 1000 its a better price for medium term investments.
ETH (next is 1250$-1350$)ETH / USDT
Ethereum Brokeout above Ascending traingle after 5x test
Now ETH should hit new local high soon
Next target = 1250 - 1350 (weekly resistance)
=> Trendline + EMA 50 should HOLD
And candels not closing below to remain bullish
If you like my ideas support me
by likes comments and follow
Good luck 🤞
ETHUSD an expected Cup & Handle Can Lead it to $2200Hi friends, hope you are well and welcome to the Ethereum.
A powerful breakout:
Previously I shared two major moves with you in 2020. One was the Ethereum coin found a weak Ichimoku bearish cloud resistance on the weekly chart and it was expected that this time the Ethereum will breakout this cloud with a powerful bullish divergence.
The second was the big Gartley move on the monthly chart and the priceline was entered in the potential reversal zone of this harmonic pattern.
Finally, the price action of Ethereum coin started a powerful bullish move and rallied from $131 to $1150.
Now the price action is moving above the Ichimoku bullish cloud, and the bullish cloud is moved up at $750.
A big Cup & Handle formation is expected to hit $2200:
On the long-term monthly chart, the price action has formed a very big soft round shape move and found a resistance at $1150. If the price action will be rejected from here then a rally to the downside can complete the Cup & Handle bullish reversal move. This bearish rally can be up to the half of the bottom to the resistance of the Cup, which is $550 approximately. Now if we take the measurement of the hight of the Cup from the resistance to support, and place it at the breakout point then the next target can be $2200 at least.
The EMAs on weekly char and the combination of indicators and oscillators:
If the formation of handle starts then we can expect that the priceline of Ethereum can test the exponential moving averaged 21 on weekly time period chart, that is at $550 at the time of writing. I am also using some additional indicators to get more confirmations. Here I have placed the moving average convergence divergence (MACD), Stochastic and Momentum indicators. At the moment the Stochastic has given bear cross (sell signal) from the oversold zone, but we should wait for MACD and momentum indicators to turn bearish as well, then it can be a confirmation for the starting of correction rally that can complete the formation of the handle.
Conclusion:
If the price action of Ethereum will be rejected by $1150 resistance then it can form a big bullish reversal Cup & Handle that can lead the priceline to $2200 in coming days.
ETHUSDT, short after rebuy was sold.Hi friends today ETHUSDT and i want to help you with it. I mark all interesting market processes on ETHUSDT chart window. Like you can see exchange sold all purchases. So we go down - it's my opinion - it will be a second way (2 way).
Levels thanks to X-Lines script. Bears target 922.5 and 786.4.
Follow me. Tell a friends ;)
Ethereum on the verge of Parabolic moveBITFINEX:ETHUSD
Ethereum and the rest of the Altcoin market is on the verge of a 2017 like parabolic move. The purple fractal that is overlaid is the 1W BTC/USD chart, and as you can see Ethereum has always mimic'd the moves of big brother bitcoin, so i expect a move similar to the blue fractal on the chart to play out in the coming weeks. This would reflect the recent parabolic move Bitcoin has just about completed, setting up a altseason rally in tandom with the fractal to support my analysis.
In addition, this channel should trade well and shows that PA is at the very bottom near support, putting a test of the channel top at about $2250 in the future.
- PennyBags
ETHUSDT (Channel Breakout)#ETHUSDT Technical Analysis Update
Channel Breakout
ETH/USDT currently trading at $730
LONG ENTRY level: $710 - 730 (wait for the small retracement)
STOP LOSS: Below $ below 680
Resistance level 1( Target 1): $780
Resistance level 2 ( Target 2): $830
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
ETH 12h Bearish wedge - a fall signal2 weeks have passed since the previous global idea was published. The time has come to correct it, since the idea work out stopped halfway.
The previous idea was published when the ETH price was $610 , from where the clearly predicted fall stopped at $535 (a low was $530).
Then there was the predicted growth from the level of $535, but it stopped, exactly halfway to the target of $780-800, fixing a high $676.
The ETHUSDT price has been falling for the last 2 days. The fall stopped at the lower limit of the bearish wedge.
Now the most positive scenario that can be expected is a rebound to $650-655.
If buyers are unable to raise the price above $655 , then sellers will start to press, lowering the price to $610 first.
And when the boundaries of the wedge break down, then the fulfillment of the "Bear Wedge" pattern with the lower targets of $450-480 is activated.
The option of fixing the price above $660 and moving further towards $800 is still unlikely.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
ETHUSDT stalling at the 650 level. Here's part of the reason whyMarket is reacting to resistance trend line drawn from the FEB-2020 HIGH. Looks like a rising wedge that could facilitate a bear leg to re-test previous lows. I have my doubts we will see a big pullback mainly because of the strength of the preceding trend but don't take my word for it. A target for such a pullback would be that 480 level (good buy level for me). If we see a weekly close above 650, increased chances of market seeing 800 first before any non-trivial pullback.
Still bullish overall of course.
Ethereum - Daily UpdateBottom Line: Bullish against 310.95.
Key Levels: Below 370.83, 310.95, 315.36 Above 488.12
Outlook: Expecting ETH to recapture its 488.12 high and beyond.
Analysis: The break above 460.02 signals the fourth wave triangle consolidation discussed yesterday is complete, and the further move above 468.42 today puts Ether back on track to challenge the next upside hurdle at 488.12. The bulls are in control while 441.16 stays intact as support.
ETH/USDT ( very important zone )ETH/USDT
Ethereum price now resting above 3 supports :
1- Trendline support since beginning of November
2- also we can see 200EMA just little below (Dynamic support)
3- Another support we are also on 0.618 fib level (540$)
If next candels closed below this mean high chance we can drop further more to 515-480$ area
Possibility of drop is higher
However if bulls enter here and next candels closed above the trendline again this mean bearish scenario is invalidated and we go up
And you should ready for anything
Do you agree ?
Never trade blindly and always have a plan
Good luck and happy trading for you all 🌹
ETHUSD formaing bullish BAT | Upto 22% move expectedOn 4-hour chart, the price action of Ethereum is completing the final leg of bullish BAT pattern, soon it will be entered in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $ 513.56 to $ 497.91
Fibonacci projection or sell zone: $ 550.86 to $ 607.51
Stop Loss:
The potential reversal zone area that is up to $ 497.91 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 22% and as per the above-mentioned stop loss, the loss possibility is 3.1%.
Note: Above idea is for educational purpose only.
ETHEUR Impulse observation(2) up
(1) down
Pair of scallops.
This is not a forecast just an observation.
Right now I am concerned about the disconnect crypto seems to have from SPX and others.
Everything seems to be bullish in the crypto world (well, mostly)
Its hard to call what this disconnect will lead to.
However im just expressing my thoughts, of course.