ETHUSDTETHUSDT hit our last target at $2000. It’s now in downtrend after major resistance from $2000. Its next potential entry zone is around $1215-1290. Confluence of Fibonacci level, trendline, weekly resistance and AB = CD target (at 1215) are making it a strong support zone .
Analysis Criteria:
1. MACD Divergence on 4H
2. Trend line
3. Fibonacci retracement 78%
4. Major Support
5. AB = CD
Buy after confirmation on lower Timeframes.
Happy Trading!
Etherium
ETH September outlookJust one opinion of many.
Every time it breaks one of those imaginary support lines, Fib levels the more likely it's going to retrace all the way back down into the 1000 area.
If it manages to get above the 0.5 Fib and then above the crucial 1700 level then sunny skies. If it stays below then more gloom and doom towards the 3 digit price levels.
ETHUSDT 3D Where to buy a long position for the medium term?To see the general picture from the ETHUSDT chart, we consider it on a 3-day time frame.
The good news is that during the strong fall in the crypto market in June 2022, ETH buyers managed to keep the price in the liquidity zone of $1000-1250
At this moment there is consolidation and, most likely, a set of long positions in the price range of $1000-1250
Confident long on the ETHUSD trading pair after fixing the price above $1250. Since currently the Ether price cannot be fixed above $1250, there is a possibility of another price correction down to the level of $1100 for Ethereum.
However, the probability of a sharp drop ETHUSDT price below to the $600 area has also greatly decreased.
As it can be seen that in the liquidity zone of $1000-1250 there is a decent fight between buyers and sellers on increased volumes, and currently it looks like the buyers are winning.
The situation on the ETHUSDT chart will start to look bad again if the sellers manage to fix the price below $1,000.
Based on the above, you can try a medium-term trade under the following conditions:
Entrance $1100
Stop $880 (-20%)
Take profit $2024 (+84%)
The profit/loss ratio is 4/1
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SHORT ETH - Liquidity hunt and fallETH had a massive push to the upside leaving many longs in amazing profits. Leaving behind way to much liquidity the market is happy to just have sitting there. As always the market is ready to come back qnd take the gains you 'thought' you had made!
Massive green vector candles are full of retail traders getting in on the buzz of the upward momentum. The market makers won't allow there buzz to last for ever.
With obvious stop loss points to be hit and euphoric feelings to shayter the market will soon be on its way back down.
ETHUSD ContinuationHi Traders,
ETHUSD has been on a decline since December last year, there has been lots of talk about what we could expect from cryptocurrencies, I just follow what the chart tells me, and We can see that price has come from a nice push to the downside and has now created a small channel on the 30 min timeframe.
Based on the Higher timeframe I am more interested in seeing price break the lows and the following momentum, if we do get a break out above we could see the buys short-lived,
I will be aiming for the lows of 1700. Should the setup play out?
I will be back with more analysis tomorrow.
Renaldo Philander
Etherium: $2000 next according to this pattern.Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of descending symmetrical channel and the price attempting to reach the center of the channel to retest the descending line of support.
The top of this pattern sits at $2000 mark which in addition with the bottom line of the falling wedge pattern (daily timeframe), and the fibonacci retracement golden pocket, is the resistance level of the pattern. This level is also a big psychological level and the level which i believe etherium will retest once again before any further drop down.
Although the current price is below the 4HR 50 EMA and the 4HR Stochastic RSI is in the overbought territory, we can anticipate a 12% move up if the price hits the top of this pattern.
Thanks for reading, and stay tuned. Enjoy.
Inner thoughtsAfter a heavy drop. And Btc sitting on a strong support does this looks like a set up for a short squeeze ? I think so.
But on the other hand we have a weekly and montly setting up for a drop woth head and shoulders pattern.
What will come first.
Me personally i am going long but still have some money if it dips down to + - 1000 ,- .
Russian bitcoin is going to go up #eth #etherium $eth #ethbtc Larger timeframe bull flag as a continuation of the smaller case bull flags
Larger crypto run is perhaps over, or close to it - we don't care - but EFERIUM still wants to tap at least old ath's, but perhaps even to break higher
Many interesting things going on with the supply lockings and burn.
In any case, EFERIUM is going up and perhaps going to once again flip bit corn? Or maybe when you seriously entertain such thoughts, it's time to exit. But 2x is in play and then perhaps price discovery? Let us pay attention to the narratives as they develop
Etherium: $2280 or $1660 next according to this pattern.Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of a symmetrical triangle pattern and the price of ETH trading above 2k once again.
Let us find out where can the price go next, and what are the targets.
If we extrapolating a measured move from this pattern, we have a bullish price target at $2280, and a bearish target at $1660.
This will be a 13% move up or down and since the price has reached to the very end of the triangle, a breakout is imminent.
Due to the fact that the movement preceding the triangle's formation was bearish, the chances of breaking bearish out of this triangle is higher.
However, since the price currently trades above the 50 SMA on the 4HR timeframe, there is chance that we also see a break towards the upside.
Unless you are already in a trade, it is smart to wait for a breakout either up or down, with a confirmation and volume, before entering a new trade.
Thanks for reading, and stay tuned. Enjoy.
whales manipulating bitcoin to the down side being sneakywhales manipulating bitcoin to the down side being sneaky
Heres how they are doing it:
They are buying bitcoin, etheum, etc in very small increments so trades are not noticed and retail can capitalized on it by selling into spikes.
Then they keep acculating until they see retail coming in to buy when fomo comes in
As soon as the algos determine they have enough retail suckers trapped the dump all there buys all in one shot causing retail to panic sell at a loss causing prices to plummet.
Then they buy the dip and slowly accumulate and start all over again all while maintaing lower prices as they go to not allow long term holders to regain there losses. if retail tries to catch up they will eventually run out of money or sell at a loss.
Brilliant.
What to do? Dont short term long trade. Its a waste of money and time since retail dont have market manupulation money like whales have. Only thing to do is buy on dips by dca and hold until bull cycle returns in 3-4 years. And hope fed starts printing money before then to keep cycle going. Lets see what happens.
Neutral outlook on ETHERIUMBuy the dip is a familiar term which is often associated with crypto, we've seen price neatly bearish since April and we are currently at a very major level of support in the market, we are likely to see a range as of now.
IF Price breaks above or below structure, we can begin to see a clear way forward.
FOR NOW, it's best to wait
Buying Etherium I am going to start a DCA situation on ETH. If it somehow reclaims the 50 and 100 moving on the daily ill go in with a large percent. I think we are 3-5 months MAX away from an uptrend which is what i am trying to catch, could be way sooner so am starting to scale in today. RSI got probably indicates 3 months of ranging.
ETH - Might Still Be In a Bull Run - Alt Season ExpectedWith the recent capitulation eth has not set a new major local low like BTC did. Chart is behaving oddly similar to what btc correction looked like in July 2017. Back then we made a new ATH, then had an initial 50% correction (like we did in May - July 2021) then going back up, barely setting a new highs (green marks) before going into a second capitulation, that took btc even slightly lower then an initial fall was.
It looks like ETH with the rest of the altcoin market cap is doing the same.
If Eth starts to correct rapidly to the upside, without slow grind, but just exploding upside, like a presented with a yellow arrow like you can expect new ATHs to be in the cards and the big altseason to start especially for the rest of the "OG" alts that haven't had their true bull run yet.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:ETHUSDT
BITSTAMP:BTCUSD
Etherium: another 25% bounce before retest?Hello all. Looking at ETHUSD on the weekly timeframe we see that the price of etherium has found support at the $1720 and currently trades above the $2000 price mark. The question is how long will the price of Etherium remain above $2000? Let's discuss.
The price of Etherium broke bearish out of the rising channel and fell below the ascending line of support early on May 8th, and as we expected in my previous Etherium TA. (Link Below).
On the daily timeframe the price managed to close above the previous daily low and got back inside the falling wedge pattern (bullish pattern).
The top of the falling wedge pattern sits at around $2800 range which from the current price is another 25% higher. This price level will also correspond with the 50 week EMA.
However, a much stronger level of resistance is the $2650 which is the long ascending line since march 2021.
In my opinion, the sell off in the market is not done yet and although we see some relief bounce now, there is more drop incoming. At least a retest of the same $1700 level.
I believe, that the selling pressure will kick in once the price of etherium reaches the fib golden pocket at around $2370-$2430.
Thanks for reading, and stay tuned. Enjoy.