Etherium
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 🐋
Etherium bullEtherium is bull
Reasons are
Impelsive wave in daily hit 161 percent
Retest to 100 percent
There is a QM pattern in daily which is tested,
Choch is done in H4 right now,
Minor rest is possible to the domain breakout area in H1,
Major reason is there is weekly impelsive wave and all this moment is the restet to the golden zone.
This is just idea for educational purpose only .
ETHUSDT 1DETH on the daily continues to move in a range between 2020.29 and 1741.43 and has not reached the lower boundary which would be 1690.32, where in addition to being a smart money support region it is also where the MM100 is.
It may not arrive, even because its stochastic RSI is indicating deep exhaustion of selling forces, which could break the upward accumulation triangle. .
After the recent Shapella update, daily stake deposits increased by 500%. Despite the withdrawal requests being mostly from centralized exchanges, the data suggests that the withdrawn ETH is mostly used for internal operations rather than sales.
.Main support levels : 1741 / 1690
Key Resistance Levels :1860 / 2020
MM100: 1690
Ether: supported by meme-frenzyThere have been some interesting developments with ETH`s price during the previous week. Namely, nobody has expected that meme-frenzy will hit the market for one more time. It has been supported by the release of a new SpongeBob token on Thursday, whose price surged by an incredible 600% during the first few days of trading. At the same time, Pepecoin surged by more than 120%. This meme-mania supported the price of ETH, however, it impacts less coins in circulation, since more ETH`s is burned in order to support memes. At one moment, the price of ETH reached level of $2.020, however, the coin is finishing the week around $1.9K, with prevailing selling orders.
RSI continues to move around the 50 for the last two weeks. It seems that there is no strength for a move toward the overbought side, due, most probable road in the coming period would be toward the oversold side. Moving average of 50 days continues to diverge from MA200 counterpart, still supporting the Golden cross, which is positive for the coin.
As per current charts, ETH will start the week ahead by testing the $1.850 support line. Whether there will be strength to break this line, will depend solely on a volume of selling orders. On the opposite side, there is a lower probability for the price to reach $2K, still levels above $1.9K might be shortly tested.
ETH back in the days ... !as chart indicates , Intermediate time highs and lows has a lot to offer to those who hear carefully !
ITH is between two STH , and its used to find the most recent trends , while LTH is in between two ITH , and its used to find key levels with (where liquidity rests)
so next time in ur analysis look at these parameters .
goodluck,Hamid