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Ethereumusdt

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.
Long
by moon333
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 ..
COINBASE:ETHUSDShort
by laddi
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.
BITSTAMP:ETHUSDLong
by moon333
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.
COINBASE:ETHUSDLong
by moon333
2
ETHUSDT rising wedge could explain this week's selloff?Looking at the weekly chart, market appears to have reacted to a rising wedge's resistance trend line this week in the form of an impulsive sell-off. While this is considered a bearish structure, I still see a strong bull trend that, in terms of probabilities, may continue higher. With potentially trapped bears (no follow through sell-off yet) and weak bulls that are potentially going to get "trapped out", I am near-term bullish above 430, and maybe 360. This thing could get FOMO'ed to high heavens! :)
Long
by thedailychartist
Ethereum is breaking out the midterm resistanceHey friends hope you are well and welcome the new update on Ethereum (ETH) coin. The priceline is being consolidated at $350 support level. The next supports are at $325, $280 and the next resistance levels are at $400 and then $800. On long term there is no significant resistance between $400 and $800. Therefore incase of breaking out $400 resistance the priceline can move at $800 very soon. On daily chart priceline has broken down 25 and 50 simple moving averages and now retesting the 100 SMA support 1st time after May 2020, and likely to have nice bounce from here. On daily chart from 13 Aug the price action of Ethereum is moving in a down channel. At the moment the candlesticks are trying to breakout the resistance of the channel in the meanwhile the priceline of second largest cryptocurrency is also breaking out the exponential moving averages with the time period of 10 and 21. After September 2020 the price action has found a very strong resistance on small time period 4 hour chart. The Ethereum’s price action has been rejected several times by this rejection line. Now finally the priceline is breaking out this strong resistance line. After this break out the price action can easily breakout the resistance of the down channel on daily chart. The priceline of ETH is still moving above the ichimoku cloud and the ichimoku cloud is still bullish. Conclusion: On 4-hour chart the priceline is breaking out the midterm resistance line. If this resistance will be broken out then we can expect the breakout from the down channel on the daily chart as well. However as stop loss we can use the support of the channel to minimize the risk factor.
COINBASE:ETHUSDLong
by moon333
1
Will Ethereum Hold These Supports???Expected up channel has been invalidated: In my previous article I were expecting that the second-largest cryptocurrency will hold the support above the trendline that was started on 19th July 2020 on the daily chart. The price action also found resistance above this support, therefore I was expecting that a perfect up channel will be formed from this point. But unfortunately Ethereum followed the bearish move of the Bitcoin and broke down the support of this expected up-channel. I have also play the volume indicator on this chart that is showing a lot of sell volume has entered in the market. The price action rejected by next resistance level: Now if we switch to the 4 day chart then different support and resistance levels can be seen. As in my previous article I told you if the price action will breakout the $500 resistance level then there is no significant resistance between the $500 to $800.Therefore after breaking out this resistance level we can expect a very rapid move up to $800 resistance. But unfortunately the price action went very close to the $500 resistance and moved down. Now it has even broken down the $400 support. At this time it is re-testing the previous supports of $350 and $325 at the same time. The priceline may re-test the SMAs as support before the next rally: Now I would like to show you the different simple moving averages with the time period of 25, 50, 100 and 200 on the daily chart. At the moment priceline of Ethereum coin has broken down the 25 simple moving average and the 50 SMA and it is above the supports of 100 and 200 simple moving averages. Now we can expect if the price action won’t bounce from the 100 simple moving average then it can move down to the next support of 200 simple moving average that is at $244 at the time of writing. And if we switch to the long term weekly chart then there is another possibility that the price action will retest the 200 simple moving average before the next rally to the upside. We can also see that the 25 simple moving average is continuously moving up to form a bull cross with 200 simple moving average. And for the people who don't know I would like to tell them that whenever the smaller time period moving average crosses up the bigger time period moving average that is considered as a strong buying signal and a rally to the upside can be started. After 25 SMA, the 50 simple moving average is also moving towards 200 SMA and when the 50 simple moving average will cross up the 200 simple moving average that will be a real golden cross and a strong bullish signal on the long term. The priceline may not re-test the bearish cloud: Now if we place the Ichimoku on the same long-term weekly chart then we have already seen that the price action has broken out the bearish cloud and the Ichimoku cloud has given strong bullish signals. Now the price line is moving down towards the bearish cloud. But I am not expecting as that much powerful bearish rally that it will re-test the cloud as support, because we have the strong supports of the simple moving averages on the daily and the weekly chart as discussed above. Therefore there is a strong possibility that priceline will start the next rally to the upside without touching this cloud. Conclusion: We have witnessed several correction rallies on the daily chart while the bullish move of Ethereum. But correction on the long-term chart was still due that is happening at the moment. Therefore this correction was required for the next move to the upside once this correction will be ended then we can expect a powerful bullish rally.
COINBASE:ETHUSD
by moon333
1
Ethereum can hit $800 soon if this resistance will be brokenHi friends, hope you are well and welcome to the new update on Ethereum coin. The second largest cryptocurrency has surged 46% since I posted my last article. First of all for the people who are not following my articles on Ethereum coin I would like to give some recap. In March 2020 I posted an article where I revealed that the price action of Ethereum has completed the formation of a bullish Gartley pattern on the monthly chart. The price action of Ethereum was entered in the potential reversal zone of this big bullish Gartley pattern and as per Fibonacci sequence of this pattern, I predicted that the priceline will start a rally to the upside from here at least up to 0.382 to 0.786 Fibonacci projection of A to D leg. Finally the price action started the movement to the upside as predicted and so far it has produced more than 270% powerful bullish rally. The priceline can move upto $800 soon: Now I would like to take you to the 4 day chart to show you the different support and resistance levels. On the chart we can see that recently the price action has broken out the $400 resistance level and went very close to the $500 resistance. Once the $500 resistance level will be broken out then there is no significant resistance between the $500 and $800. Therefore we will witness a very powerful and rapid bullish move up to $800 once the $500 resistance will be broken out. If we take more closer look at the chart then we can also observe that after breaking out the $400 resistance level the price action has already re-tested the previous resistance as support. And after retesting the priceline has retained the support above $400. If price action of the second largest cryptocurrency will be not able to breakout $500 resistance then it can form a parallel channel between 400 to 500 dollar levels. The moving averages are moving up with price action: After placing the simple moving averages with the time period of 25, 50, 100 and 200 a very positive gesture by these moving averages can be observed. As the price action of Ethereum has surged more than 270% but these simple moving averages also moving up with the price action. And after a certain time period the priceline is using these moving averages as support before starting the next rally to the upside. Formation of new channel: From the month of June 2020 the price action of Ethereum coin has started the formation of an up channel. We have several touches at the support and also at the resistance of this channel. Now this support of the channel can be used as a stop loss to find any appropriate exit point. If we take a look at the volume indicator below the channel. Then it can be easily observed that we have more buying volume than sell volume. Therefore we can take it as a signal for the continuation of the up channel. The Ichimoku cloud has turned strong bullish: Now I would like to take you to the long term weekly chart. And over here if we place the Ichimoku cloud then it has turned is very strong bullish, the lagging span of the cloud has crossed up the price action and the cloud as well. The price action has already broken out the bearish cloud and we have already received the bull cross between the conversion and the baseline and the cloud has turned bullish after March 2020. Therefore now this Ichimoku cloud has become a very strong support for the priceline of Ethereum coin on the long term. Conclusion: After breaking out the Ichimoku cloud on the long term chart the price action of second largest cryptocurrency has confirmed the long-term bull run. But as on the short-term priceline is moving in an app channel, therefore in case the support of this channel will be broken down then a short time rally to the downside can be started. However, If such short term rallies will be triggered then these rallies would be seen as a correction on the long term charts.
COINBASE:ETHUSDLong
by moon333
3