ETH target 4700 (perp)4h time frame
-
TP: $4700
SL: $2705
-
ETH jumped out the substantial wedge structure, and had a drawdown to retest it. According to several times that ETH tested 0.382 Fibonacci projection, which build a robust bottom around $2850 for further pumping. Uptick is coming once ETH confirms this breakout, that will make an instant surge to $4700 in future.
-
Ethlong
ETHEREUM / ETHUSDTLet's see...
Good Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Trading Signal For ETHUSDTTrading Setup:
A Trading Signal is seen in the ETHUSDT Ethereum (Futures) (m15)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 2899.29
⭕️SL @ 2872.22
🔵TP1 @ 3005.54
🔵TP2 @ 3097.74
🔵TP3 @ 3252.20
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
#ETH/USDT#ETH
The price is moving in a bearish channel on the 12-hour frame and is sticking to it well
There has been a good bounce from the lower channel limit. Some minor correction is expected before completing the rise
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
Entry price is 3100
The first target is 3400
Second target 3670
Third goal 3990
Giant Cup and Handle?I am no technical analyst and simply an amateur at all of this.
Now the question that I have had in my head for a while now.
I drew this line a while back but to me both ETH and BTC seem like they are forming a gigantic cup and handle.
Anyone else seeing this?
Please chime in and correct me if I am wrong.
Like i mentioned this is a very amateur attempt at TA
Ethereum ETH Intraday Trade SetupAfter failing to re-claim $3,166 yesterday, we saw a decline towards $2,992 zone.
From its current location, the price can move in either direction.
A bullish move towards and break-out of $3,166 followed by a re-test of this level will offer a long scalping opportunity towards $3,370 and, possibly higher, to $3,551.
A bearish break-out of $3,354 will lead to a short-lived dip towards $2,898 and lower to $2,787.
More details in signature.
Eth Weekly Time AnalysisIf we look previous data of ETH then we will come to know that it goes parabollic after reclaiming liquidity zone. Now current weekly time frame is also same. It has swept liquidity and now trying reclaim that level. Once it done we can see big pumping moves in ETH and also in alts but can take some time as its weekly time frame. Now its time for accumulation.
ETHUSD Investment Plan - 05/May/2024Hello Traders,
Hope you all are doing good!!
I expect ETHUSD to go Up after completing this correction.
Look for your BUY setups around the marked zone.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
#ETH/USDT Bullish above this MA...#ETHUSDT appears to be forming a bull flag pattern.
A bullish signal will confirm if we see a close above the blue 75 EMA and a breakout from the flag.
Until then, consider this a retest of the dotted trendline.
Let's wait for the weekly candle to close for more clarity, as the 75 EMA has proven quite reliable on the daily chart!
NFA, DYOR!
Please hit the like button as it helps me and my team to stay motivated and keep posting such important updates for free.
Thank you
PEACE
ETHUSD at a Crossroads: Long or Hold on Ethereum?`The Ethereum (ETH) price action against the US Dollar (USD) presents an interesting conundrum for traders. Recent price movements suggest a potential turning point, and the decision of whether to long (buy) or hold ETHUSD hinges on several key factors.
Prior High as Support: A Bullish Signal?
The current price of ETHUSD sits above a crucial support level – the prior high of around $2,915. This level acted as a resistance barrier in the past, but if breached and held as support, it can indicate a bullish reversal. In technical analysis, support levels are areas where buyers are likely to step in and prevent further price declines. A successful retest of this level strengthens the support and can signal a potential price upswing.
The 200-Day SMA: A Long-Term Trend Indicator
Another significant factor to consider is the 200-day Simple Moving Average (SMA). The 200-day SMA acts as a line of demarcation between a long-term uptrend and a downtrend. Currently, the 200-day SMA for ETHUSD sits around $3,100. If the price can break above this level and sustain it, it can be interpreted as a bullish sign, indicating a potential shift in the long-term trend.
Deciding to Long or Hold: Weighing the Evidence
While the prior high and the 200-day SMA suggest potential bullishness, there are reasons to be cautious before going long on ETHUSD. Here's a breakdown of the factors to consider:
• Market Volatility: The cryptocurrency market is notoriously volatile. Recent price swings highlight this, making it challenging to predict future movements with certainty.
• Macroeconomic Factors: Broader economic factors, such as interest rate hikes and inflation, can significantly impact the cryptocurrency market. Keeping an eye on these developments is crucial before making any trading decisions.
• Technical Analysis: While the prior high and 200-day SMA offer insights, they shouldn't be the sole indicators. Utilize other technical indicators like Relative Strength Index (RSI) and Stochastic Oscillator to gauge price momentum and potential overbought or oversold conditions.
Holding vs. Longing: A Strategic Approach
Given the current market uncertainty, holding ETHUSD might be a more conservative approach. This allows you to observe how the price reacts around the support level and the 200-day SMA. Here are some additional considerations:
• Dollar-Cost Averaging (DCA): DCA involves buying ETHUSD at regular intervals, regardless of the price. This strategy can help average out the cost per unit over time and potentially mitigate the risk associated with buying at a peak.
• Stop-Loss Orders: Implementing stop-loss orders can help manage risk. A stop-loss order automatically sells your ETHUSD holdings if the price falls below a predefined level, limiting potential losses.
Conclusion: Stay Informed and Adapt
The decision to long or hold ETHUSD depends on your individual risk tolerance and trading strategy. By closely monitoring the price action around the prior high and the 200-day SMA, alongside broader market factors and technical indicators, you can make an informed decision. Remember, the cryptocurrency market is dynamic, so staying updated on news and adapting your strategy accordingly is crucial for success.
ETHEREUM / ETHUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
ETH target 4700 (perp)4h time frame
-
TP: $4616~$4890
SL: $2575
-
ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817 as the last low and keep going up, second is the red path, which make another low to build a robust bottom before pumping.
No matter what scenarios, they can reclaim $4800 in future if sustain continuation of the bull trend since $2171.
$W long ideas Trading during the accumulation phase in the Wyckoff method involves identifying potential accumulation zones and entering positions based on signs of accumulation by smart money. Here's a basic guide on how to trade during this phase:
1. **Understand Accumulation Phase**: In the Wyckoff method, accumulation is the phase where smart money (large institutional investors) starts accumulating shares while prices are low. This phase typically occurs after a prolonged downtrend.
2. **Identify Accumulation Zones**: Look for areas on the price chart where the price is range-bound or shows signs of consolidation after a downtrend. These zones often exhibit decreased volatility and relatively low trading volumes.
3. **Analyze Volume**: Pay close attention to volume patterns within the accumulation zone. Look for decreasing volume during the downward move and increasing volume as the price starts to stabilize or move sideways. This suggests that smart money is accumulating shares.
4. **Study Price Action**: Analyze price action within the accumulation zone. Look for signs of absorption where the price remains stable despite selling pressure. Higher lows and lower highs can indicate that buying pressure is building up.
5. **Confirm with Indicators**: Use technical indicators like moving averages, relative strength index (RSI), or accumulation/distribution indicators to confirm the strength of accumulation. These indicators can provide additional insight into the underlying buying pressure.
6. **Wait for Confirmation**: Wait for confirmation before entering a trade. Look for a breakout above the accumulation zone accompanied by a surge in volume. This confirms that the accumulation phase is ending and an uptrend may begin.
7. **Set Stop Losses**: Place stop-loss orders below the accumulation zone to manage risk. If the price breaks below the accumulation zone, it could indicate a false breakout or a continuation of the downtrend.
8. **Monitor the Trade**: Once you enter a trade, monitor it closely for signs of continued accumulation or distribution. Adjust your position or take profits accordingly based on changing market conditions.
9. **Consider Multiple Timeframes**: Analyze multiple timeframes to get a clearer picture of the overall market trend and the strength of accumulation. Higher timeframes can help confirm the validity of accumulation patterns observed on shorter timeframes.
10. **Practice Patience and Discipline**: Trading during the accumulation phase requires patience and discipline. It's essential to wait for clear signals and confirmation before entering a trade, and to stick to your trading plan once you're in a position.
Remember that trading involves risks, and it's important to conduct thorough research and practice risk management to improve your chances of success. Additionally, studying historical Wyckoff accumulation patterns and observing real-time market behavior can help refine your trading skills over time.
Trading Signal For Ethereum - Resistance Breakout - Short-TermTrading Setup:
A Trading Signal is seen in the ETHUSDT
Ethereum
(Futures) m15
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 3162.1
⭕️SL @ 3103.0
🔵TP1 @ 3299.0
🔵TP2 @ 3426.0
🔵TP3 @ 3550.0
#cryptosignal #Crypto
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
Ethereum's Uphill Battle: Can Bulls Reclaim Lost Ground?
Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, recently experienced a rollercoaster ride, briefly surging above $3,300 before encountering a sharp decline. This price action has left many investors wondering: can the bulls regain control and propel ETH back towards its previous highs?
A Short-Lived Rally Followed by a Relentless Downturn
The initial rally saw ETH break past the $3,300 barrier, a level that had previously acted as resistance. This positive momentum fueled optimism amongst bulls, who anticipated a potential continuation of the uptrend. However, their hopes were dashed as the bears re-emerged, triggering a swift reversal.
The price plunged below not only the $3,300 mark but also the 100-hourly Simple Moving Average (SMA), a technical indicator often used to gauge momentum. This breach suggests a potential shift in market sentiment, with sellers regaining dominance.
Technical Indicators Paint a Bleak Picture
Adding to the bearish concerns is the break below a crucial bullish trend line on the hourly chart. This trend line had previously provided support for ETH's price, and its violation indicates a potential weakening in the uptrend.
Furthermore, if ETH fails to hold the current support level around $3,165, the decline could continue downwards. This additional technical hurdle creates a significant obstacle for the bulls as they attempt to reverse the recent downtrend.
Where Do We Go From Here?
The near-term future of Ethereum remains shrouded in uncertainty. Several factors will influence its price trajectory in the coming days and weeks.
1. Market Sentiment: The overall sentiment in the cryptocurrency market plays a significant role in determining individual coin prices. If broader market sentiment remains bearish, it will likely put further downward pressure on ETH. Conversely, a shift towards optimism could trigger a renewed buying spree, propelling ETH upwards.
2. Bitcoin's Influence: As the leading cryptocurrency, Bitcoin (BTC) often exerts a strong influence on the price movements of other digital assets, including ETH. If BTC experiences a significant price swing, it can have a ripple effect on ETH, potentially amplifying its own price movements.
3. News and Events: Upcoming events or major news announcements related to the Ethereum ecosystem can also impact its price. For instance, successful protocol upgrades or positive developments within the decentralized finance (DeFi) space built on Ethereum could boost investor confidence and drive prices higher.
Can the Bulls Stage a Comeback?
While the current technical indicators suggest a bearish outlook, it's too early to write off the Ethereum bulls entirely. Here are some reasons why they might still mount a successful comeback:
1. Strong Underlying Fundamentals: The Ethereum network continues to see steady growth in terms of user activity, transaction volume, and the number of decentralized applications (dApps) being built on its platform. These strong fundamentals could provide long-term support for ETH's price, even amidst short-term volatility.
2. Potential for Renewed Investor Interest: Despite the recent pullback, Ethereum remains a highly attractive asset for many investors due to its established position within the blockchain industry and its potential for future growth. Renewed buying pressure from institutional investors or retail traders could spark a price reversal.
3. The Merge: The highly anticipated Ethereum Merge, which will transition the network from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, could be a significant catalyst for price growth. The increased efficiency and scalability promised by the Merge could attract more users and developers to the Ethereum ecosystem, boosting its overall value proposition.
Conclusion: A Careful Balancing Act
The battle for Ethereum's price is far from over. While the bulls face an uphill battle in the short term, the long-term outlook for ETH remains promising. Investors should closely monitor technical indicators, market sentiment, and upcoming events within the Ethereum ecosystem to make informed decisions. As with any investment in the volatile cryptocurrency market, a cautious and well-researched approach is crucial.