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Ethforecast

CountOnCrypto - Ethereum Forecast - 19/02/2021Good afternoon, it's not normally this late in the day that I post my BITSTAMP:ETHUSD forecast but here goes nothing! I am expecting a short term re-test of the previously formed support level, I will open a long position from around here and expect to close somewhere near the upper resistance line of the current channel we're in. Don't be afraid of a retracement, take advantage of the possibilities that follow and watch from a safe distance. This would of course be invalidated if we were to re-test and break the all-time-high at around $1955, we previously smashed my price target of $1920 from my analysis on the 18th of January 2021. Once we broke the dotted Fibonacci line Ethereum's rocket boosters activated. It's important that we pay close attention to what the MACD and Stochastic indicators are telling us, my tip is to back-test similar levels using a horizontal line and see the results. As always, thank-you for following me and my analysis; I hope that I help every single person that reads these charts and teach them at least something. Please feel free to follow me for more, comment below and like this idea! I will make an effort to reply to comments. Please use risk management when trading, it is essential that you practice and do your own research before risking any money on the market.
BYBIT:ETHUSD.P
by CountOnCrypto
9
ETH - 4h. Buyers have kept $1,700 and are preparing to attackConsolidation in the ETH market continues from February 8 . Buyers are unable to establish themselves above the range of $1850-1875 . Basic buyers support is in the range of $1700-1720. As you can see in the chart, the sellers twice tried to gain a fix below this range, but their attack ended in a false break . The ideal scenario for the continued rise in the price of ETH would be a repeat dest of the range of $1700-1720, however, at low volumes and without aggressive candles. This local fall in the price of ETH will show the complete depletion of sellers and the beginning of a new impetus for the growth of the ETH market. However, looking at the 12-hour candle, the price of ETHUSDT may start to rise from current prices. Therefore, for medium-term movement , the range of $1700-1800 is good for trying to recruit a position. If the price hits $1700, there is no point in holding such a position. In this case, you should expect the price to continue to fall to $1,500 _________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
26
ETH - 4h. Buyers Need To Hold $1700Looking at how other altcoins are actively firing, while BTC is slowly but surely approaching the mark of $50,000 , the price of ETH is calmly standing still. What could be the reason? On February 5, the price of ETH began to slow at around $1750. After the first test of this mark, sellers sent the price of ETH up to $1491. However, at this point, the sellers' aggression is over . Since February 8, ETH market participants have been actively trading the mark of $1,750 . So far, it is clear that sellers do not have enough strength to gain a keep below this mark, and soon we will see a new upward price impulse. But the main liquidity , where buyers are actively buying ETH lately, is at the mark of $1,700 .An unsuccessful attempt by sellers to break through this mark will be a good signal to start a new wave of growth. The first target is $1900. If you pay attention to the ETHBTC chart, you can see that buyers have finally managed to gain a foothold above the global range of $0.0364-0.0382. This range has held the price of ETHBTC for over 2 years. Back in September 208, sellers took control of this range. Only after the retest in January and February 2019 of this range, the price continued to fall again. The fact that the price of ETHBTC is fixed significantly increases the chances of continued price growth in the long term. The critical poin t of this scenario is the range of $1560-1610 . Below this range, a strong and fast correction of ETH will begin with a target of $1360. This is the cryptocurrency market. Everything is possible here. Therefore, take care of your deposits and successful trading! ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
25
ETH - 6h. The next target is $2150Renewing the historic high in the ETH market has been a big event for investors. Buyers are trying to repeat the success of BTC and continue the rapid rise in prices. However, as of February 3, the price of ETHUSDT significantly slowed down the transfer with the mark of $1750. Trading volumes began to decline from the beginning of February and the dominance of ETH could not consolidate above 17% Despite these facts, the cryptocurrency market is growing and the likelihood of continued growth of ETH to $2150 is real. To do this, buyers need to confidently stick to the mark of $1750. From the mark of $2150 , there is a high probability of starting the correction . Sellers will try to lower the price below the previous historical high. What is the target of this correction? See our global ETH idea: _____________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
15
ETH Bull Run AnalysisHello, guys! Let's take a look at the global bull run ETH analysis. We can notice that during November 2020 the 30-day EMA acted as a strong support. The price always tend to this dynamic support. Now it is short correction after the big move in the upward direction. The current situation reflects the support at the $1515, the huge rejection over here. But it should not be a surprise if the price reach the $1380. This is a very strong support because it is the previous ATH and price had the multiple attempts to break it and the 30-day EMA is going to be here. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
ETH - 4h. Buyers return the mark of $1270.After setting a new local high on January 25, the ETH market began to correct. In the previous two days, sellers attacked the mark of $1270 . In the previous idea, we wrote about the importance of this mark for the continuation of the upward trend in the price of ETH Yesterday, during the fall in the price of BTC , buyers of ETH for some time gave out under their control the level of $1270. However, if you look at the 12-hour candle , the sellers did not have the strength to fix the price below this mark: To continue the growth trend , buyers need to determine how many sellers remain in the ETH market. Therefore, before testing our $1580 target , we will expect to repeat the test of $1270 . Only then will we be sure of continued growth. An alternative scenario will take effect if buyers do not withhold $1270. In this case, sellers will continue to adjust the price in the ETH market to $1,200 (Black scenario) ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
8
ETH - 4h. The critical point of the local growth trend is $1270.The local weakness of the BTC market and the systematic decline in its dominance played a positive role for ETH . If on January 22 the price of ETH submissively fell along with the price of BTC, then during yesterday's local attack of sellers in the BTC market, the ETH market showed growth. Today, trading volumes in the ETH market are higher than BTC. At the moment, buyers have taken the critical level of $1270, which we wrote about in the previous idea : Now buyers have managed to update the local high, but the price continues to trade within the yellow wedge. In order not to lose the initiative, buyers need to keep the mark of $1270 and after consolidation to continue to grow with the first local target of $1570 . From the nature of the ETH price increase, it will be clear whether there is a prospect for stronger growth with a target of $1800. The loss of the $1270 mark will continue to consolidate within the wedge and sellers will test the range of $1150-1200. This scenario also has a right to life. Given that the previous weekly candle of the ETHBTC pair closed to continue medium-term growth, a slight correction to the green range is still possible: ______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
Ethereum is still healthy if we remain within this channel!Ethereum has been really nice to trade these past months, a continuous practice of buying low and selling high has been a large part of my success in the market. It is to be expected that we bounce between the .618 and .382 Fibonacci levels until volume returns. If we were to break down below I would expect us to revisit the .236 Fibonacci level; therefore I am currently neutral as far as positions are concerned. I have drawn a channel shown by the upper and lower green trendlines which we have maintained. The regression trend marks when I was sure the trend would continue bullish into four figures.
BITSTAMP:ETHUSD
by CountOnCrypto
11
ETH-4h. Below $ 1270, the correction will begin.The buyers initiative, which began on January 11, is beginning to weaken. The price of ETH slowed down before updating the historical high. This is strange, because BTC is in consolidation and does not take attention. On January 19, buyers managed to update the local high . however, relative to the previous high is only 7% higher. The price stopped for 2 dollars to the historical high of 2018. The new wave of growth looks rather weak and the breakdown of the mark of $1270 will begin to correct the price of ETH. Having settled below this mark, we expect the price to continue falling to the range of $980-1000. Interestingly, ETH trading volumes are currently larger than BTC volumes . By reducing BTC's dominance by at least 10%, ETH could feel like the king of the crypto market. It is possible to buy a coin with confidence only after fixing over the range of $1340-1390. It is the loss of this range in 2018 and was the beginning of a global correction of the ETH market. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
18
Ethereum Screaming "Catch Me" - Seeking Some Sort of Support Ethereum has been rattled by the ongoing sell-off at the crypto market. Just failing to make new ATHs it crashed already to a hard rocky -30% bottom @ $950. As all crypto assets it is desperately to to cling to a support line. The $900 level seems to be the best hope right now. Mid-February 2018 this was a resistance level and could now turn into support. Also the $900 level is a 0.618 fib. retracement level considering the rise from end of November 2020. Ethereum may also "only" retrace to the -30% bottom at $950 for building support. There of course potential Bitcoins selling pressure will push Ethereum down lower to $750. If Ethereum manages to close this week at above $1k that would be a good starting level to continue the bull run. That level is the upper Bollinger Band. Short-term these next couple of days rather short / bearish, but beyond that if Ethereum conquers back the upper Bollinger Band bullish again. This may just be the best buy-in opportunity available before the parabolic rise of Ethereum t0 20k. More on that later.
BITFINEX:ETHUSDLong
by CarpeMomentum
ETHUSDT - First dip since 10 MonthsMarket has shown sellers rejection on our drawn support area, same support zone as the 8th January. We can see a long wick and probably a bullish engulfing, moreover the market didn't close any candle below the 1h support, which is indicating the buyers coming in. 15m formed a double bottom with multiple bullish engulfing, a breakout of either side could lead to the run but in my view it looks rather bullish. Follow us for more setups and ideas.
Long
by Capitalflowsam
5
ETH will explode $550K in June 2022Based on my cyclic harmonic calculations, ETH can explode $550 K in June 2022... This is not only because June is the month of my birth and I'm bullish on ETH, also, because ETH has this potential to gain this value... Beside this Technical Analysis, Fundamental analysis confirms this potential... At that time, also, ETH 2.0 will have a major progress... Who knows? Let's wait and see the result of this idea at that time... ;) I'll be happy and thank you if you share your thoughts and comment it below...
KRAKEN:ETHUSDLong
by MJBlockFi
3
ETH-4h. Buyers are preparing to update the historic high!ETH investors received a nice gift over the weekend. Raising the price by almost 60% , buyers easily broke the critical range, which we wrote about in the previous idea - $800-840 . Having set a new local high of $1162 , buyers felt resistance in the range of $1123-1156. In the 15-minute timeframe, you can clearly see how the volumes started to increase in this range and the sellers easily turned the price. Thus, the ETH price went beyond the growth channel and is preparing for the main sale - the $1260-1350 range test . Breaking this range, ETH will update its historic high. The critical point for this growth scenario is the $840 mark . After breaking it, sellers will quickly lower the price to $750. our ETHBTC idea: ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
13
ETH-6h. Buyers are ready to test $ 800-840.BTC's local weakness, after setting a new historical high, gave ETH buyers a chance to come out of the shadows. On December 27, during the two hours of active sales of BTC at highs showed that many people want to keep the price of BTC. During the stoppage of growth in the BTC market, ETH buyers raised the price by 10% in 3 hours. The initiative of buyers continues to remain with buyers. This is how our global idea ends . Buyers managed to go beyond the wedge. The local critical point for continued growth to the $800-840 range is the $700 mark . Below it, sellers will return ETH to the consolidation wedge and try to test the $620-630 range . Therefore, we expect the result of the fight for the $700 mark to enter the risk-free entry into the position. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
1