📈Ethereum Analysis: Potential Scenarios in 4-Hour Timeframe✨🔍Today, let's delve into the analysis of Ethereum (ETH) to identify its growth or decline potential.In the 4-hour timeframe, ETH experienced a correction downward to around $3200 after reaching $4063. Currently, it's ranging between $3645 and $3480, with the previous candle breaking below the range. Now, we need to assess whether this could lead to stabilization or a potential fakeout.
⚡️From a Fibonacci perspective, retracement from the 50% level suggests the possibility of further downward movement, potentially extending the correction. If we continue to decline and breach $3299, we might target $2899, a strong support level that could anchor ETH against excessive correction.
📊The volume of red candles significantly outweighs that of green candles, indicating stronger selling pressure. Should this trend persist, further decline can be expected.
💥Regarding RSI, it previously held support around 44.89, coinciding with $3480, but has now dipped to 37.18. A breach of this level may not provide much distance to oversold territory, potentially leading to sharp movements.
💎Overall, these analyses apply to the 4-hour timeframe, with all movements constituting minor corrections in the weekly perspective.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Etherium
Lukso Soon to be listed on Uphold which is one of the few crypto onboarding exchanges that US residents can purchase coins and tokens directly from their bank accounts. This is a chart from Gate.io showing a pretty solid falling wedge pattern.
In which the price action has came back down to the entry zone and is retesting the falling wedge. Falling wedge patterns have around a 70% chance of breaking bullish and have multiple ways to find targets upon breakout to where the price action will likely end up during the next extension wave.
You can find the first target area by measuring the mouth of the falling wedge opening. This is the area at the top of the wedge which the upper trend line is drawn from the BODY of the candlestick on the chart. You can use a trend line to start this measurement. The second point you will want to extend your measurement trend line to is the beginning of the lower falling wedge trend line. Again, only measure from the top candle body to the bottom trend line candle body.
Then you will want to grab the measurement trend line you have just created and place it on the breakout of the wedge. This is the area at the bottom of the wedge that the price action has broken above the top of the wedges trend line you have drawn like in the chart we have here. Your first target will be the top of this line. A few tips, in some occasions you will see that the measurement trend line should have been placed on the lowest point that the price action has came back down after the breakout of the upper trend line of the wedge. The best tip I can give you is this…. If the breakout (the first candle to fully breakout of the wedge and close on a higher time frame than at least 2hr unless you’re trading patterns under the 1hr during intraday trading) breaks out with heavy green volume that supersedes all of the other volume indicator candles during the time period the wedge was formed, it is very likely that the pattern breakout should be measured from this breakout area. If the volume is not at the Brest candle, you may want to measure from the lowest point that the candles retested. The only problem with this is that you cannot predict the future and will not be sure if it will retest the top of the trend line at all. Especially on lower time frames, the price action often goes directly to the target. So, choose, are you a breakout trader? Or are you a retest pattern trader? Then stick to your trading plan. Keep a trading journal and then switch to the other strategy and find out which works best on which asset you’re trading and stick with that.
I often will go back and backtest the other strategy every month just to make sure the one I chose is still the better of the two.
Ok, back to some fundamentals. I don’t want to make this post too long consider the majority of us that came later than boomers have an attention span of 7 seconds lol (we all need to work on this, especially doing something that can be stressful when you’re just learning how to trade! Personally, I meditate and do yoga . If you saw me you’d never guess that’s what I do to get my head right and back on track. This has increased my win rate greatly and is arguably say it is one of the most important parts of my strategy!) anyways, I’m just going to leave a link here for coin market cap so you can do your own research on this coin and a link to uphold if you’re in the states to use.
Link to coin market cap, read the white paper, check out the community and the devs, what is the utility, what does the project set out to do? Do they have any partners? If so who and how big could the integration of the utility in this token get if the partners fully utilized it? All in all, learn as much as you can! Then come back here to TV and add any new related post alerts to your profile. TradingView has everything you need to do all the fundamental research also, unfortunate I am posting this from my phone and it was easier to put the link to CMC for this. I’d suggest you use TV for everything and pay for premium! It’s worth it just for the alerts! I am in no way an employee of TradingView nor do I benefit from saying this unless you were to use my link to sign up. You’re welcome to but, by no means am I asking you to!
Here’s a link to uphold for all the people in the U.S. looking to get into this coin!
I hope your enjoyed this post, let me know in the comments what you think!
QNTUSDT - BUY OPPORTUNITYHOLDING QNT to swing area and beyond - This coin is one of my top favs - If you want to understand its project - I highly advise you read its whitepaper.
I believe this coin can MC to 100B and beyond as cryptos take off, Web3 becomes more advanced and in play, Future will be tokenised with blockchain! Your IDs, Photos, anything digital you own etc
If you understand blockchain, you will understand what I mean. You can't dupe a FAKE photo, clone it etc from its original makers as blockchain will help protect its authenticity, originality and ownership. This has nothing to do with Quant, just in general my own opinion and view on the future of Blockchain in our daily life.
Trade Safe Habibis - The future is Blockchain!
Ethereum still looks bullishConsidering the breakouts that Ethereum has had on the chart, it seems that it is going to sweep all the liquidity pools on top of the chart.
The rebuy range that has a good R/R is the green range.
Closing a daily candle below the green range will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ETHEUR Rainy SummerHi Traders!
so far so good ETHEUR
Now we seem to have a little problem though!!
we have a good resistance at about 1600..
if we keep it we will go up if not we will see lower numbers.
but in the long term we will see quite large numbers!!
huge caution with the SL AND TP
be very careful with Risk Management
ETH.X in downward trendETH.X in downward trend: 10-day moving average broke below 50-day moving average on January 28, 2024
The 10-day moving average for ETH.X crossed bearishly below the 50-day moving average on January 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 22 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 50%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for ETH.X moved out of overbought territory on January 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 66 similar instances where the indicator moved out of overbought territory. In 32 of the 66 cases, the stock moved lower in the following days. This puts the odds of a move lower at 48%.
The Moving Average Convergence Divergence Histogram (MACD) for ETH.X turned negative on January 20, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 64 similar instances when the indicator turned negative. In 26 of the 64 cases the stock turned lower in the days that followed. This puts the odds of success at 41%.
ETH.X moved below its 50-day moving average on January 31, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETH.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 39%.
BINANCE:ETHUSD
New Robot factory from Tickeron Trading Results for last 12 months
ETH.X
AI Robots (Signals Only)
AI Robot's Name P/L
Day Trader: Crypto Pattern Trading in High-Volatility Markets (TA) 8.81%
Day Trader with Trailing Stops, Cryptos 7 (TA) 6.37%
Swing Trader: Crypto Pattern Trading in High-Volatility Markets (TA) 5.31%
Market Cap
The average market capitalization across the group is 275.16B. The market cap for tickers in the group ranges from 275.16B to 275.16B. ETH.X holds the highest valuation in this group at 275.16B. The lowest valued company is ETH.X at 275.16B.
High and low price notable news
The average weekly price growth across all stocks in the group was 1%. For the same group, the average monthly price growth was 1%, and the average quarterly price growth was 23%. ETH.X experienced the highest price growth at 1%, while ETH.X experienced the biggest fall at 1%.
Volume
The average weekly volume growth across all stocks in the group was -25%. For the same stocks of the group, the average monthly volume growth was -50% and the average quarterly volume growth was -6%
ETHUSD_1DEthereum analysis
According to the breaking of the upward trend line, the market can be a sign of the end of the upward trend, and currently the market is in the range of suffering to decide whether to withdraw the trend line or enter a strong fall.
The main resistance number is 2300
Target and support 2000
ETHEREUM Pair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Completed Impulsive Waves " 123 " at the Daily Resistance Level creating Corrective Pattern " Triple Top " in Short Time Frame. We have Rising Wedge as an Corrective Pattern in Short Time Frame with " ABCD " Corrective Waves
Entry Precautions :
Wait until it Rejects / Breaks from Resistance Level
#ETHERIUM Trading Strategy!🚀 #ETHEREUM : A Closer Look 📊
Examining two exciting scenarios:
1️⃣ A retest of the Blue MA, potentially shaking out weak hands and paving the way for a push to $2000-$2130.
2️⃣ A successful breakout and retest of the Blue Flag.
In both cases, bullish sentiment prevails. The Blue MA has a strong track record in previous rallies.
Trading Actions:
For spot holders, HODL strong.
Futures traders, consider entering at $1710 for a long position with a target of $2000+ and a stop-loss below $1635.
#Altcoins may offer better risk-reward ratios thanks to ETH.
Remember to DYOR. This isn't financial advice.
Share your thoughts on ETH! 💬
#Crypto
ETH - ETHERIUM confirmed 👌 it's dump The analysis ⏰ made based supply and demand zone 📌 #DYOR
Based on 1W time frame chart 📉📈 lower position price shift to high 📌 good 👍
/ but /
It's confirmed 👍 the pattern was HH >> LH ( shifted 🙄 )
But recent times slowly movement got shifted 🙄 BINANCE:ETHUSDT
Lower low to lower high 📌 this turned/shift movement to bearish 📍 ( last price action recent)
Is any chance to get price move postive upside 🚀
2 possible ways ::
1->
lower low to lower High should complete in between previous High and high to high lower
This helps to price push 🙂 upside 🚀
2->
We need to have oder block strong upside 🚀 should break high and high of previous
This helps to price push even harder 🙂 upside 🚀
If these things are happened 😂 my analysis is completely ⚡ invalid 📌
Expecting small rise towards >> $1720 - $1820
Then return dump 📍 lower low's >> $1130 - $1295
The strong correction area around 30-40% drop 🩸
I explained clear drop analysis with Invalid point ☝️ chart is clear 📍 i am here
Drop ur question ⁉️ in comments box ☑️
Check profile and follow article if u are interested to get updates 😉
Give boosting 🚀 to article and share to ur frnds
Have a nice day 🙂
Battle-tested through the ups and downs of Etherium historyA trading strategy that's been battle-tested through the ups and downs of Eth's history. This strategy doesn't blink in the face of market chaos or get swayed by emotions. It's a calculated game plan that knows when to step in and when to step back.
Compare that to emotional investing, where fear and greed call the shots. Imagine making decisions when you're on an emotional rollercoaster—buying high in excitement and selling low in panic. That's a recipe for disaster.
A backtested risk-managed strategy, though, is like a cool-headed coach that sticks to the game plan no matter what. It's about discipline, rules, and consistency. So, do you want to ride the emotional wave or play the long game with a strategy that has been consistently profitable year on year since 2016 (start of Eth - substantiated by backtest data).
Average annual net profit (substantiated by the backtest)
196% (No Leverage) & 661% (3x leverage)
This year (Jan 2023 to Sep/15th/2023) has already generated
45.21% (no leverage) 144.93% (3x leverage) in net profit.
This strategy does Not re-paint, No-look ahead bias. and 100% forward tested. Tradingview has a default caution for strategies that use the multitimeframes data. This does not apply to this strategy as all calculations are based on closed bars.
So how does it work?
Postions are entered based on RSI Divergence on Higher Timeframes and confirmed by the ATR.
Stop Loss and Trailing ATR-based Take Profit:The strategy incorporates a risk management mechanism with a built-in stop loss set at 8%. Additionally, it employs a trailing take profit mechanism based on ATR. This means that as the trade moves in the desired direction, the take profit level adjusts itself based on the current volatility, allowing for gains to be secured as the trend progresses.
SMI-based Re-entry after Stop-out:
Stochastic Momentum Index (SMI) is used as a re-entry signal if the trade is stopped out (i.e., the stop loss is triggered). This re-entry is contingent on higher timeframes and ATR still supporting the original trend, indicating that the initial stop-out may have been a false signal.
Portfolio Reinvestment for Compound Growth:
The strategy allocates 95% of the portfolio's capital to each trade.
This approach maximizes the potential for compound growth, as a significant portion of the available capital is reinvested in each trade, provided that risk management rules are satisfied. This approach is appropriate for this strategy as strict risk management is applied and the winrate is almost 50%
Accounting for Exchange Fees:
Exchange fees, set at 0.1%, are factored into the strategy's calculations.
This ensures that trading decisions take into account the cost of executing trades on the exchange.
Avoiding Lookahead Bias and Repainting:
The strategy is designed to prevent lookahead bias by making calculations based only on closed bars of price data. Lookahead bias occurs when future data is used to make past trading decisions, potentially leading to unrealistic expectations.
Ethereum is in a tight price zoneWhat is clearly visible in this picture is that Ethereum has built a resistance in the $1936 area and I expect a drop from this area to the short-term upward trend line. If there is no support in this trend line, it can fall to the next support, which is the $1700 area.
If the $1936 resistance is broken, the next resistance is the $2000 area
ETHEREUM more correction expected for the price ❌🧨Hello 🐋
the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋