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Ethforecast

Ethereum going to breakout!!?Ethereum has been performing so well against bitcoin with us having a huge climb to the upside and we are currently at the apex point of this bullish triangle and we are looking for a breakout! Likely to the upside i personally think, following a breakout upwards i think we could definitely see a rejection off of the next resistance level and then there is some possible sideways movement that will follow, i think that there is a good chance after the rejection we will be coming back down to test the resistance we are currently at as shown by my path, and keep in mind that is a rough path and we could see a longer period of sideways movement. We are also looking at regaining the last pivot point which is shown to the left slightly above our current resistance which would be huge, and then the R1 resistance level and that is part of why i think we will most likely see a rejection once we reach that point. Also should point out that ethereum created a new ATH today on its USD pair and that definitely brings lots of bullish momentum to the table and puts us into price discovery mode which is mega bullish! Another scenario that i should point out is if by chance we see a breakout to the downside we have very solid support coming from the 0.2 FIB where a fakeout scenario could come into play, many traders will think heavier downside is coming if we breakout of this triangle bearish but we will almost certainly bounce off the 0.2 FIB before then taking on the same sort of path just on a longer timeframe, as shown by the yellow path. Now the MACD is looking good we have good spacing inbetween the MA's which is key and lessens the chance of a near term bear cross but the main thing is that id say we still have some momentum to get a nice break to the upside here and once we see that R1 rejection that will likely be the point of a bearish cross but will allow our MACD to reset and cool down a bit before taking off again! Not financial advice just my opinion!
Long
by JacobR905
ETHUSD - Ethereum is going down!My TA on 1D shows that: 1. Price came out from the ascending wedge at its peak. 2. Vertical volume decreased while price went up. 3. RSI shows divergence against price. 4. MACD confirms RSI's divergence. 5. Based on horizontal volumes liquidity for MM is concentrated on given level on the chart. Correction for the last impulse is logical. Correction can fly down Fib starting from 38.2% to 50% and 61.8%. That would be your TP. It is common for ETH to lag behind BTC, but in the end it follows BTC's trend. There is more fundamental analysis on Bitcoin in my article linked below.
BINANCE:ETHUSDShort
by WallStreetFox
1
Ethereum Set To Outperform BTC!!Checking out Ethereum vs Bitcoin on the daily timeframe we see a confirmed Bullish Divergence! This pattern signals a reversal coming ETH, we have been in a clear short term downtrend from the highs in the beginning of september and we are finally set to explode against BTC, pair this with Bitcoin dominance starting to slide we could be looking at a mega run for the altcoins! We are currently holding the 0.3 FIB level and we do have support from the bollinger bands midline right below the 0.3 FIB. Something else to take note of is we are pretty close to that top bollinger band and i think if we see a grab onto here we could be sent flying to upside taking out key resistance on the way! Any way you want to look at this bullish divergence it is very very clear, we have been seeing multiple lower highs on price action shown by the green trendlines, we have them from the beginning of september all the way until now! Now that we just got confirmation from the stoch RSI we are set for a massive breakout to the upside in a matter of time, The way you can find divergences is simply by seeing lower highs on price action or higher highs or higher lows or lower lows and then seeing the opposite on an oscillator, i personally like using the stoch RSI. Basically if you see a uptrend line on price action and a downtrend line on the oscillator or vise versa, but keep in mind there are different meanings for each divergence so that is up to you to find out which one you are seeing! Taking a look at the MACD we are seeing on the histogram yet another increase for our daily bar which is a good sign and shows growing bullish momentum, we want to see this continue for that reason, if we do see a decline a bearish cross looms but always remember there is a chance it is a fakeout and we could see a rebound with another bull cycle on the MACD, Notice the MA's we are seeing good separation with the blue continuing to push upwards and moving further away from the orange MA, we also want to see this continue to play out because it lessens the chance of a near term bearish cross and it also shows an increase with the bull momentum! We have many targets we could talk about but the main one for me that i will talk about in a later TA when we actually see a breakout is the highs we saw at the beginning of september, this reversal along with the grabbing of the top bollinger band could most definitely send us up that far but that will be for a later TA as we still have a ways to go! But things are starting to look very very good for ETH and the altcoins and i woulnd't be surprised if we saw a mega altseason coming up in the near future! Not financial advice just my opinion!
Long
by JacobR905
Ethereum Update 25/10/21: 44% from the 161.80% fibs @ $5,974Ethereum is currently only 22% away from the price target at the 127.20% fibs @ $5,068 and 44% from the 161.80% fibs @ $5,974...$6k ETH very soon 🎯🔥🚀, Since the buy signal triggered, Ethereum has grown over 30% retesting the ATH on the 21st October @ $4356. From this move ETH has retraced 5% and looks like it is ready for another retest and soon $5,068🎯 Our current ETH price targets from the current price: 127.20% fibs @ $5,068 (22% Gain) 161.80% fibs @ $5,974 (44% Gain) 261.80% fibs @ $8,592 (108% Gain) 423.60% fibs @ $12,828 (210% Gain) Please see previous analysis below. Happy Trading :) Update 14/10/21:Ethereum poised for a parabolic run Target @ $5k. A strong Buy signal was triggered on the Daily Chart (10/10/21) with the 13 EMA crossing up above the 50 SMA . We have been very patient with this move as a fake-out looked likely to form, from the current price level ETH is showing a clear breakout above the 78.60% Fibs, currently Ethereum is only 15% away from the ATH price in May @ $4361. This move to the 161.80% looks like it will be a very impulsive wave and may play out in 2 push phases. From the current price ETH is 42% away from the ATH , since the buy signal triggered ETH has grown over 18%+.
KRAKEN:ETHUSDLong
by CryptocurrencyMagnet
Ethereum Climbing Back Up!!Since we were trading withing the bullish triangle a little while ago i talked about some very nice looking upside on the horizon and we have seen just that with a strong breakout and a steady climb back to the upside! PS. This drawing was not the Bullish triangle i am referring too i erased it to clean up the chart a bit, we have taken out the 0.2 FIB level and we have had multiple retests with us being successful everytime, another key level we have successfully regained is the 3667$ and again we have had multiple retests succeeding. The next big test we are facing is the 4k level or aprx 3990-4000K level we have had one touch so far and we're rejected but we are still looking strong and seem to be taking a little cooldown resting on our current support level until we make our next move upwards! We also have uptrend support coming from around 2800$ and we have respected it all the way up till now, i see us holding onto this level following it upwards and ultimately i am looking for a reentry of our ascending channel shown above and then eventually the 0 FIB of course coming from our ATH! Looking at our Bollinger bands we seem to be inna very nice spot with price action well above the midline and not far away from that top band, i think we could be in for a rollercoaster ride up the top BB since we have not seen one in quite some time and we keep on wicking too the very top, likely just a matter of time before we have a nice upside day then eventually grabbing onto that top band taking it for a ride likely up towards that 0 FIB level, if the momentum is there i don't see us having too many problems shredding through this level and creating a new ATH and aswell entering price discovery mode! Looking at the Reversal Momentum Indicator we are in a slight downside right now but we see the orange curling heavy to the upside and coming towards the blue, we don't want too see a bearish reversal with the blue going under the orange but we could definitely see a little fakeout where we get a nice bounce off of the orange to continue this upside climb! Checking out the ADX we are looking good and seem to have found some footing a decent bit below our previous high, we are starting to turn to the upside with the direction looking to start an overall reversal after having some significant downside. A must watch for Ethereum is price action grabbing onto that top bollinger band, the RMI getting a bounce and keeping the blue ontop, and aswell the RSI which isn't currently on the chart, we need to stay above the midline to continue the uptrend, we are significantly above the midline currently near the top of the zone so thats why i decided to leave it out of this TA but always keep an eye on that! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum poised for a parabolic run Target @ $5kEthereum poised for a parabolic run Target @ $5k. A strong Buy signal was triggered on the Daily Chart (10/10/21) with the 13 EMA crossing up above the 50 SMA. We have been very patient with this move as a fake-out looked likely to form, from the current price level ETH is showing a clear breakout above the 78.60% Fibs, currently Ethereum is only 15% away from the ATH price in May @ $4361. This move to the 161.80% looks like it will be a very impulsive wave and may play out in 2 push phases. From the current price ETH is 42% away from the ATH, since the buy signal triggered ETH has grown over 18%+.
KRAKEN:ETHUSDLong
by CryptocurrencyMagnet
Ethereum Big Upside On The Horizon!!Ethereum recently had a very strong breakout of this pennant and has been pushing the 0.2 FIB for the last 4 days, we want to continue to see momentum pushing upwards and ultimately a daily close above the 0.2 FIB at some point soon, none the less we are looking very good and very bullish! A daily close up and above the 0.2 FIB opens the door back up for us to regain the ascending channel which we fell out of somewhat recently and also as i said opens the door for big upside! Taking a look at the Wavetrend we are just starting to pass the midline and still have quite a bit of room to keep pushing up, and we are showing no signs of stopping, we see the red crosses are below our wave pushing us upwards with bullish momentum and we want to keep seeing our wave push vertically, lessening the chance of us having a bearish crossover and ultimately ending our current bullish wave. Now lets take a look at our squeeze momentum indicator, just today we have crossed over the midpoint and putting out our first green bar in quite some time and after a long drawn out bearish period! Things are really starting to look good, noticing the black crosses which indicate a current squeeze we haven't seen any grey crosses in awhile showing a squeeze release, all this momentum building up could be absolutely huge for Ethereum, once we see those grey crosses and more green bars we likely will be on the verge of a huge run upwards, just like what we saw nearing the end of July, we had a decent red period squeeze and shortly after we turned bullish we got that squeeze release which sent us flying as you can see in the ascending channel. (Remember, keep an eye out for those grey crosses) Now lets look at the ADX or the average directional index, we have been seeing a bigger downslope in the ADX but i have some positive news, it looks like we are catching some longterm support here and we are seeing the ADX starting to curl upwards which is a very great sign! If we can get a bounce off here we could be looking at the next upside "wave" for Ethereum, all things are pointing to this happening, and keep in mind this indicator is very smooth and we don't see any jagged movement or sharp turns up or down, its a gradual move and we could be seeing the beginning of that big move! Not financial advice just my opinion!!
BITSTAMP:ETHUSDLong
by JacobR905
Ethereum Looking very Bullish!!A little bit ago i posted a TA on ETHBTC and we were trading inside of this descending wedge which is a very bullish pattern and i talked about seeing an upcoming breakout and that is exactly what happened! We are starting to gain some nice momentum coming out of this falling wedge and we are coming up on some very important daily closes for ETH against BTC! We are getting a little stuck right underneath this resistance line at aprx 0.0714 and the reversal pivot point just above there, if we can successfully see a strong push above both of these levels at some point soon we can expect Ethereum and altcoins to really start to move, a close above the pivot point in the coming days is key for us, we will likely see a reversal back into an uptrend coming out of our current short term downtrend. Looking at the bollinger bands we have regained a crucial level and that is the midline on the bands, we definitely want to stay above here and keep this level as support and this opens up the window for us to keep moving strongly upwards and eventually getting to that top band, whenever we see price action up and around the top band there is a high chance we grab onto it and go for a big move to the upside, but that'll be for a future TA as we got some work to do before we see that happen. Now checking out the RSI, we have slightly broken up and above the midline after remaining below in a confirmed short term downtrend for a week or two, we want to make sure to hold this level and even see a retest and be successful before really jumping the gun, but personally i think we are going to see at some point soon some big rallies in the overall crypto market, i believe its just a matter of time everything all around is looking pretty great and if you havent already i highly suggest checking out my recent BTC.d divergence TA's! There is something huge coming! Not financial advice just my opinion!
Long
by JacobR905
Ethereum ready to take off!!?Looking at Ethereum vs Bitcoin we see a clear descending wedge which is very bullish in itself and as you can see to the left of our current wedge we had another descending wedge which blasted us upwards once we brokeout. Think we are looking very good overall and wouldn't put it past ETH to pull this off again! We have a very heavy support area below us shown by the rectangle, we have the pivot point which acts as support and then aswell as the bottom of the wedge which is also support, on the other hand though we do have a fair amount of resistance above us, the top of the wedge, the 0.2 FIB level, resistance at 0.0741 sats and then the R1 resistance. the beauty of this and the positive is the fact that we have had quite the correction and cooldown across the whole market and plus once we do start to see bullish momentum it is going to be explosive, plus don't forget the very bullish pattern we are currently in, once we start to take off i would say we can most likely easily blast through most of these levels because they are so close, and i would expect us to reach the R1 level before we start to see some pushback from the bears, even at that point though i think we could shred right through there after a couple attempts at the level. Looking at the MACD we are seeing a steady decline in the red bearish bars day after day and thats exactly what we want, bearish momentum draining out and giving the bulls that chance to really takeover. On the MA's we are seeing them getting pretty close together which is a good sign, meaning we are getting closer to a bullish cross, however there could still be a couple or few more days of decline due to the fact that the blue MA is slightly turning to the downside. The Wavetrend overall looks great, we are nearing the bottom zone which is the buy zone and we are seeing what looks like a sort of bottom out from this downtrend wave, like i said with the MACD we could still see a bit of a decline on the wavetrend but i really doubt we go much further, we want to keep an eye on those red crosses and as you can see we are pretty close to getting them underneath our wave to start giving us that push back up! Not financial advice just my opinion!
Long
by JacobR905
A SCENARIO WITH 3 POSSIBILITIES FOR ETH IN SEPTEMBER 2021A SCENARIO WITH 3 POSSIBILITIES FOR ETH IN SEPTEMBER AND OCTOBER In our last analysis scenario on ETH which is published recently, we have considered the possible pull back of ETH from $3600-$3800 zone. In this post, we will have a more detailed look at three possibilities on ETH movements these days. There is a "Bearish Shark Pattern" formation on ETH 4H chart by reaching to $3600 which can have two possibilities: Possibility 1: If the bulls can keep their rally, ETH can breakout the descending channel and face with the trend key resistance at $4000. If successful, then it can continue to hit new targets like $4200 and $4400. Possibility 2: if ETH cannot breakout the descending channel, then faces with a downward pullback to the channel midline. This can be considered as formation of 5-0 bullish pattern which can result in successful breakout from the descending channel in upcoming weeks. This can be more possible as we also predicted in our recently published ETH analysis a possible pullback to accumulation zone. Possibility 3: There is also a possibility of failure of ETH in successful pullback from accumulation zone, and expecting further corrections towards the support zone ($3100-$2900). All these possibilities depend largely on high leveraged position at the major exchanges! Crypto market is highly affected these days by market-making strategies of major exchanges in dealing with high leveraged long and short position! Our overall prediction for ETH in Q4 is bullish, however, September is always the month of unexpected market movements. Have a profitable trade ahead.
by SynchroBitTeam
1
Ethereum New ATH!??Ethereum has been holding up very well during this pullback with us still able to hang onto some key levels, including this ascending channel, we are currently sitting on the bottom of the channel holding on strong and i think the market is starting to rebound, if you take a look at my last TA talking about the BTC hidden bullish divergence the same thing actually applies to Ethereum currently, ill let yall check that out for yourselves, refer back to my BTC TA and throw on the Stoch RSI on Ethereum and see if you can find it. Other than the divergence the market i think is ready for another leg up since we just saw a significant healthy pullback. Some key levels we are looking at here are the 0.2 FIB which we need to break soon, the R1 resistance slightly above the 0.2 FIB and the midline coming from the bollinger bands which is currently acting as resistance, if we can get above atleast the 0.2 and the BB midline we are going to be looking super bullish and the good thing is they aren't far away at all so our indicators like the MACD and RSI will barely be affected by a move like this. On the RSI we slightly took a dip below the midline but barely really an we are now seeing some upwards direction here with us just right underneath this midline, i think we aren't going to have any problems getting above here with ease and we can continue our confirmed uptrend! Also gotta keep an eye on ETH's Domiance in the market, we have had significant upside in the dominance and that definitely correlates with the big upswings in price action, we are likely going to see another big pump in price action and dominance level we are seeing respect on this uptrend support line and i think even if we fall a little bit more we are likely going to get a nice bounce which afterwards i would expect us to have a solid move to the upside! And remember ETH's dominance is a big deal with the Altcoins the higher ETHs dominance goes the more altcoins will follow ethereum rather than BTC! Not financial advice just my opinion!
BITSTAMP:ETHUSDLong
by JacobR905
ETH 1D What is more real: a growth of $6400 or a fall of $1100?A month has passed since the publication of the previous global idea for ETH Then we recommended covering longs in the region of $3000-3300 The price twice tried to enter this zone, first it was $2910, then $2891, and then a strong drain again into the current liquidity zone. Now it seems like another wave of growth in the ETHUSDT pair is being prepared , but there are several conditions, let's list them: 1) The price should consolidate above the liquid zone of $2,150, and then above $3,000 2) Only after the ETHUSD price confidently breaks through the $3550 mark will the path open for updating the maximum, possibly even up to $6400 for Ethereum. 3) If the price of ETHUSDT now begins to consolidate below $1700 or later below $3000, this will be a notification that buyers are weak, and it is better to leave the longs, because the price may fall into the lower liquid zone of $1100-1400 _______________________________ 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 :)
by P_S_trade
41
ETH Dominance Pushing 20%Ethereums dominance is looking fantastic pushing upto the 20% level! igniting alt season as BTC dominance continues to fall! The MACD looks very good we are seeing a healthy green bar for our first on of this cycle after very recently getting that bullish cross! We are already seeing some good separation in the MA's and we will need to continue to see this if we want to have a big run up, lessening the chance of a near sighted bear cross. Now checking out the bollinger bands as you guys know i always talk about grabbing onto that top band, if we continue our push up there is a very good chance we will see this play out in the coming days, this will likely shoot up the dominance level to 20.74 aprx which is our recent high from back in early May. We are seeing good momentum coming from the wavetrend, we are almost pushing out of the bottom zone as we approach the midline soon, i personally think we have tons of room to run up here and it doesn't seem like anything is in our way! Not financial advice just my opinion!
CRYPTOCAP:ETH.DLong
by JacobR905
ETHBTC Explosive Breakout!ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see that momentum pick up, also the histogram looks great we are coming to an end with the red cycle and we are very close to breaking into that bullish territory, we want to see increasing green bars each day! Now checking out the bollinger bands, we are looking very good our current candle has touched the top band which is always very bullish and if we see this continue im sure we are going to melt up pretty hard, we do have some light resistance halfway through the 0.2 FIB and im sure if we take a ride up the bollinger bands it'll take us right there! Not financial advice just my opinion! ps. very important that we get a daily close above the 0.2 FIB, then we will be looking mega bullish!
Long
by JacobR905
ETH DOMINANCE READY FOR A RUN UP!!Checking out ETH's dominance we notice that it looks like we have found some decent support here at 18.20% and we are seeing a couple transition candles, one a couple days ago and another one in the making today, now if we can hold this support and have another green transition candle i think we are set to make another run up! First off id like to compare the ETHUSD chart shown in the first pane (orange) vs the eth dominance chart, as we can see i've marked the start of run ups with vertical lines and as u notice when dominance starts to rise up so does the ETH price, as shown in the first pane, we have been in a nice uptrend recently on ETHUSD and now that we have seemed to have found a bottom here i think we are going to continue this, now keep in mind if BTC falls off a cliff this TA probably wont be valid anymore! Checking out the MACD we are looking good and it seems like we are starting to see a pushback and eventually a bullish cross, histogram is getting real flat and not moving a whole lot anymore. The Stoch RSI looks very good we are starting to see what looks like a huge upswing and an upcoming bullish crossover, even better we are currently in the oversold zone and it doesn't look like we have really anywhere else to go but upwards! Same thing kind of for the RSI we aren't in oversold but we have dipped into the confirmed downtrend area but i don't like its going to last, i think we are gonna see a blast right through that midline back into uptrend territory, we aren't very far off the midline and we are moving upwards now pointing in the right direction! Not financial advice just my opinion!
CRYPTOCAP:ETH.DLong
by JacobR905