Ethlong
ETH Neowave - Elliott Wave Theory Analysis (Weekly - Long Term)In ETH, the Macro structure (if you can look at the chart more remotely) shows the most potential time limit as 113-117 weeks. At the same time, in the microstructure (close perspective), the same duration of waves A and C (since wave B is temporally much longer than A) would correspond to 113-117 weeks in the macrostructure.
(These time relationships are measured for the most common cases - it should not be expected to happen at that exact moment at that exact minute. It is only an estimate of the time horizon).
As a result, I expect it to follow the Yellow or Red path at this point.
The Yellow possibility is more likely to be justified by news such as ETH ETF approval, which may come in a fundamental sense. For this reason, this news should be followed up to date. Otherwise, the red possibility has priority.
I take a 1% risk on the trades. Since the formula of the line chart is different, I am thinking of using a manual stop. Options trading will be more suitable for this transaction.
I will share updates here.
Thank you for your support.
ETHUSDT Ascending Triangle Pattern!!ETHUSDT (1h Chart) Technical analysis
ETHUSDT (1h Chart) Currently trading at $1973
Buy level: Above $1970
Stop loss: Below $1941
TP1: $1990
TP2: $2030
TP3: $2075
TP4: $2140
Max Leverage 10x
Always keep Stop loss
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ETH ANALYSISHello friends,
Early we saw huge movement from Crypto Market, Especially BTC and ETH.
I believe sooner or later price will come back to these zones I draw on the chart. As you can see, these zones are the place where buyers push the price up. So, I expect the price go UP when it meets these zones.
P.S: Always Do your ANALYSIS.
Road to $2529 part 3after reach triangle resistance, ETH pullback with strong bearish candle, and reach fibonacci support now at $1994.7
Target from this support at triangle resistance around $2082
This analysis are continuation from my previous analysis you can check here :
part 1
part 2
I will update more especially at important key level.
don't forget to like this analysis.
Many thanks.
Overview of the ETH (global picture)Until October 23 , the picture was bearish, which motivated people to open short positions. At the moment, I expect growth to 2200-2400-2600 (which will be a bull trap in the classical sense). So far, the majority does not believe in such growth. Plus, they are catching up with positive news (when the price comes out, I expect even more good news). As a buyer, I am not very happy with positive news (look at the history)
ETHUSD Road to $2529 part 2last night Ethereum drop to fibonacci 0.618 support at $1961
with this price action, bullish continue and perform a new fibonacci pattern with a new symetrical triangle.
Opening a long position at symetrical triangle support have 3 target :
1. $2101 at symetrical triangle resistance (intraday setup)
2. $2252 at fibonacci 1.618 projection
3. $2398 at symetrical triangle projection.
with this target, ethereum getting closer to our main target at $2529.
Don't forget to like this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETHUSD to reach bullish target
Click here to check my other analysis
$ENS BREAKOUT DONE What is a trendline break and how to trade it?
There is a breakout when the price crosses an important level. However, not all breakouts are created equal. There are preconditions for a breakout to be considered relevant:
Consolidation before the breakout.
A significant increase in trading volume.
Indicating investors’ enthusiasm to push the price as far as possible.
Regarding consolidation, breakouts often occur after forming a contraction pattern, such as a triangle or a wedge. During these market phases, the volume gradually decreases, and the amplitude of the movements does the same so that the price action evolves in a narrow range.
A sudden increase in volumes, as well as the exit of the price from the range, is often indicative of a new trend forming.
How to trade breakouts?
There are different ways to trade breakouts in the stock market, which are more or less aggressive depending on where you open your position.
ZRX Breakout the descending broadeningDescending Broadening Wedge Pattern Explained
A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines .
A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right.
A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.
ETH short period analysis ⏰ ETHERIUM 🆓🚦📌 #dyor
💰 Position size :: 1%
💱 Leverage :: cross ➖ 2-5x
🪙 CRYPTOCAP:ETH -USDT 📌 🔰
#futuretrade :: ↗️ ......🌴
#BUY :: $1530.84 - $1592.97 ( split % 💰 )
🎯
:: $1669
:: $1754
:: $1906
Stop 🛑 lose #SL :: $1499 🚏
📌 always move stop lose #sl
when target get reached 📌
#risk :: medium #scalping
#explanation
👉 Before crash 🩸 expecting some bounce
ETHUSD road to $2529ETH bearish channel start 14 april 2023, today this channel broke up with new higher high.
This is a good news for bullish, because it start from fibonacci 0.618 (C)
ETHUSD bullish target at channel up resistance, with maximum target at fibonacci 1.618 at $2529.
If you have any question, do not hesitate to contact me, don't forget to support this analysis,
Your support at this analysis will also support ETHUSD to reach bullish target
Click here to check my other analysis
Previous analysis :
ETH's Phenomenal Bullish Flag and Your Chance to Long ETH!Ethereum (ETH), that unstoppable force of innovation and decentralized potential, has just experienced a jaw-dropping bullish flag after an outstanding breakout. This unprecedented event has set the stage for an extraordinary opportunity, and I couldn't contain my excitement any longer - it's time for you to long ETH!
A bullish flag breakout is like witnessing a majestic creature soar high above the clouds, defying all limits and embracing its full potential. It's an adrenaline-fueled rally that propels ETH to new heights, and guess what? That time is now! With this awe-inspiring bullish flag, ETH's potential knows no bounds; it's soaring skywards, ready to rewrite the history books once again.
But what makes this breakout even more thrilling is the dawn of a new era for Ethereum. With the launch of Ethereum 2.0 just on the horizon, we are witnessing a groundbreaking transformation that will revolutionize the world of decentralized finance and elevate ETH's value exponentially.
Now, fellow traders, it's time to seize this incredible moment. Let your excitement power your actions! Take your stand, and join the long ETH movement without hesitation. This is your opportunity to be part of a revolutionary journey, a journey that could change your financial landscape forever.
So, don't let this extraordinary bullish flag fade away without taking a leap of faith. Remember, legends aren't created by sitting on the sidelines - they are made by seizing the opportunities in front of us. Long ETH today and become part of this awe-inspiring story that's unfolding before our very eyes!
ETHUSD with new flagA new bullish flag perform today with small wave. In this analysis, I use 1 hour timeframe.
To make sure bullish continuation, ETH need to break up $2,102 and create a new higher high as bullish confirmation.
Bullish flag profit projection at $2,308, this target are same level as resistance channel up at my previous analysis.
Click here if you wanna learn about bullish flag pattern.
Don't forget to like this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETHUSD to reach bullish target
Click here to check my other analysis
ETHUSDLONGSETHUSDLONGS
On the chart, there was a sharp collapse in ETH longs. This is a likely signal for a subsequent correction of the coin.
But this does not mean at all that the collapse will happen tomorrow or within a week. Perhaps the correction will follow only after six months.
If there is an update, we will notify you.
Don't forget to show your support by like(rocket) and comment✅
$RVN BREAKOUT Falling wedge in Weekly TF And also retested ** NGM:RVN BREAKOUT Falling wedge in Weekly TF And also retested **
Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow:
1. **Identify the Falling Wedge:**
- Look for a downtrend in the price movement.
- Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support).
- The pattern resembles a wedge pointing downwards.
2. **Confirm the Falling Wedge:**
- Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease.
3. **Wait for Breakout:**
- Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge.
- The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout.
4. **Entry Point:**
- Enter a long (buy) position as soon as the price breaks above the upper trendline.
- Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts.
5. **Stop-Loss Placement:**
- Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge.
6. **Target Price:**
- Determine a target price based on the height of the wedge. Measure the distance from the widest part of the wedge to the starting point of the wedge and project that distance upwards from the breakout point.
7. **Risk Management:**
- Consider your risk tolerance and position size to manage your risk effectively. The risk-reward ratio should be favorable.
8. **Monitoring the Trade:**
- Keep an eye on the trade to ensure that the price continues to move in the expected direction. Use technical analysis and other indicators to guide your decisions.
9. **Profit-Taking:**
- Once the price reaches your target, consider taking profits. You can also use trailing stop-loss orders to lock in profits as the price moves in your favor.
10. **Adapt to Market Conditions:**
- Be adaptable and monitor market conditions. If the breakout does not follow through as expected, be prepared to exit the trade with a manageable loss.
Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
$SHIB Performing Falling wedge in Weekly TF soon Breakout CRYPTOCAP:SHIB Performing Falling wedge in Weekly TF soon Breakout
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Turning to ethereum (ETH), the second giant in the crypto realm, we observe a substantial week-on-week gain of 17.4% with the price currently at 2,097. Ethereum’s oscillators, however, send warning signals with an RSI at 80.3, signaling a possible correction, and an overly bullish Stochastic at 90.6 resting at neutral. The CCI exacerbates this caution with a high 262.3, reinforcing the bearish sentiment.
Ethereum’s moving averages paint a more positive outlook, much like Bitcoin’s, with all indicators from the 10-day to the 200-day averages signaling strong upward momentum. The disparity between the shorter-term EMA at 1,937.7 and the longer-term SMA (200-day) at 1,777.4 suggests that while ether’s immediate trend is still bullish, there’s potential overheating that could prompt a near-term correction.
The market capitalization of ether stands at 252 billion, underscoring its significant growth over the past month by 33.1%. The volume and market cap showcases Ethereum’s liquidity and trader interest, indicating a healthy market for ETH. However, the inflated oscillator values raise concerns about sustainability and call for vigilance among traders against possible volatility.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
ETH : 🌞 Skies & Upside Potential in 24H, Correction in 1 Week? Mixed trading conditions ahead for the global crypto market in the next 24 hours. Bitcoin and Polygon face cloudy skies ☁️, translating into a slightly bearish market with downside risk. The sun 🌞, however, shines over the rest of the cryptosphere like Ether, Avalanche, and Ripple, hinting at upside potential, according to ATTMO.
Over a one-week horizon, Bitcoin and Avalanche are likely to also benefit from a bullish sunny sky. Ether will see tropical trading conditions with rain indicating that an imminent market correction is likely. ☔
Follow us for more crypto weather reports!
ETH: Potential Consolidation Before Targeting $2000ETH might be gearing up for a brief period of consolidation before setting its sights on the $20,000 price mark. This strategic pause can be seen as a part of the natural price journey for Ethereum, allowing it to gather momentum and prepare for the next potential bullish move.
ETH Long Opportunity Post BlackRock's ETH ETF ApprovalTrade Type: Swing
Fundamental
The approval of the BINANCE:ETHUSD ETF by BlackRock is a significant fundamental catalyst. This development is likely to attract institutional interest and investment into the Ethereum market, contributing to a positive sentiment. With the increased accessibility provided by the ETF, Ethereum's demand and value may experience a sustained uptrend.
Technical
The overall trend for Ethereum is bullish, supported by the positive fundamental catalyst. Additionally, the price is currently above the 50-day Exponential Moving Average (EMA), indicating a favorable technical environment.
Entry Idea
First Entry: On the 1-hour chart, look for a bullish pattern such as a flag or falling wedge. Enter the trade in the 0.382 to 0.5 Fibonacci retracement zone, with the price ranging from 2000 to 2060. Ensure that the entry aligns with the price being above the 20 or 50 EMA to confirm the bullish momentum.
Second Entry: Consider a secondary entry point around the latest major resistance zone, ranging from 1905 to 1930. This entry strategy provides an opportunity to capitalize on a potential breakout above the resistance level.
Risk Management
Implement a risk management strategy to safeguard the trading position. Set a stop-loss below the entry points to limit potential losses, considering the recent price action and volatility.
Remember to conduct further analysis and adapt the strategy to your risk tolerance, financial goals, and market conditions. Trading always involves risk, and it's crucial to stay informed and disciplined in your approach.
ETH Breaks Through $2000 with Blackrock's New ETH ETF!
I'm thrilled to share that Ethereum (ETH) has just shattered the $2000 mark, and the excitement doesn't end there. Blackrock, the renowned investment management firm, has recently announced the launch of their brand-new Ethereum Exchange-Traded Fund (ETF). This development is a game-changer for the crypto market and presents an incredible opportunity for all of us.
ETH's breakthrough beyond $2000 is a testament to its growing popularity and widespread adoption. With the backing of Blackrock, a giant in the financial industry, this milestone further solidifies Ethereum's position as a leading digital asset. The launch of their ETH ETF is a clear indication of the increasing institutional interest in cryptocurrencies and the immense potential they hold.
Now, you might be wondering, what does this mean for you as a trader? Well, it's time to seize the moment and consider going long on ETH! The combination of ETH's remarkable price surge and the introduction of Blackrock's ETH ETF opens up a world of possibilities. It's an ideal time to capitalize on this bullish trend and potentially reap substantial profits.
So, why should you consider long positions on ETH? Here are a few compelling reasons:
1. Institutional Confidence: With Blackrock's entry into the Ethereum market, it's evident that major financial players are recognizing the long-term value and potential of ETH. This institutional confidence can act as a catalyst for further price appreciation.
2. Market Momentum: ETH's recent breakthrough is a testament to its growing demand and market momentum. As more investors flock to Ethereum, the upward trend is likely to continue, potentially leading to even greater gains.
3. Diversification: Adding ETH to your portfolio provides diversification, reducing risk and offering exposure to a rapidly expanding asset class. With Blackrock's ETH ETF, you can now access Ethereum's potential without directly holding the underlying asset.
Now is the time to take action and make the most of this exciting opportunity. Consider long positions on ETH, keeping in mind your risk tolerance and investment strategy. As always, it's essential to conduct thorough research and consult with your financial advisor before making any investment decisions.
Remember, the crypto market is known for its volatility, so it's crucial to stay informed and adapt your strategy accordingly. Keep a close eye on market trends, news updates, and any regulatory developments that may impact the crypto space.
Wishing you a prosperous journey as you navigate the exciting world of cryptocurrencies!
Happy trading!
ETHEREUM: $2K POSSIBLE!!!Hello Traders,
Let's dive into an Ethereum update in a 2-day timeframe.
Ethereum has been on a remarkable upward trajectory for the past 20 days, and we're yet to see any significant correction in the market. While we've all been anticipating a healthy correction, it appears that ETH still has some momentum left to potentially reach the $2,000 mark. Looking at the chart, it's evident that Ethereum has broken above the resistance trendline, setting the stage for a potential move to $2,000, where we encounter robust resistance. In the event of a correction from this point after reaching $2,000, I anticipate ETH could retrace to the support range of $1,750 to $1,800.
Key Takeaways:
1. The $2,000 mark may be on the horizon if the bullish trend continues.
2. We're still awaiting a market correction.
3. Expect potential support around $1,750 to $1,800.
That wraps up this update. I trust you've found this information valuable. This video is for educational purpose only, do not consider this as financial advice. Please show your support by liking, sharing, and subscribing.
Thank you for your time, and happy trading!