#ETH/USDT 2HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
#ETH UPDATE:)
#ETH/USDT is forming an Inverted Head & Shoulder Pattern in the 2H timeframe..!!
right Shoulder is Not Completed Yet..🤞
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
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Ethlongsetup
ETH BUY SETUPReason why:
- Price broke the 18th June bears day, meaning on that day the bears were active during london. That price action got engulfed.
- Price has extremely dropped in the past days, so a bounce wouldn't be a suprise.
- The entry will be at the yellow area, however I will wait for rejection candles (wicks)
#ETH/USDT 6Hr UPDATE BY CRYPTOSANDERS!!Hello, dear traders welcome to this ETH/USDT chart analysis.
Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
#ETH/USDT analysis:- As we can see in the above-mentioned chart that ETH is trading inside a parole Chanel and broke the mid dotted trend line support.
Now here I am expecting a drop till the lower trend line support this channel pattern.
A candle that closes below the lower trend line will change the market sentiment.
Remember:- This is not a piece of financial advice. All investments made by me are at my own risk and I am held responsible for my profits and losses. So, do your own research before investing in this trade.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thanks.
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Sunday Scaries Watch... cryptos have been holding steady over the weekend and are currently seeing a slight uptick in buying today, this could very well trickle into Monday and then resume the downtrend later in the week so it's important to have tight (mental) stop losses on any longs.* Recommended ratio: 55% ETH, 45% Cash. Price is currently bouncing off of $1711 minor support which coincides with the lower trendline of the Bull Flag formation from 05/11/22, the top of this formation is at $1941 resistance. Volume is low, which is a bit bearish given the PA, and is currently on track to favor buyers for a second consecutive session if it can close today in the green. Parabolic SAR flips bullish at $2076, this margin is neutral at the moment. RSI is currently trending up slightly at 33.78 as it slowly approaches a retest of 36.91 resistance. Stochastic remains bearish as it is currently completing a trough formation and is on the verge of a bullish crossover at 32.91 (technically testing 22.98 support); the next resistance is at 46.76. MACD is in the midst of resisting a bearish crossover as it breaks out of the descending trendline from 04/04/22, it is currently trending up slightly at -207.28; if it can follow through with this breakout, there would be significant upside considering that the next resistance is at -90.80. ADX remains trending sideways at 49 for what is on track to be the ninth consecutive session, this is as Price consolidates between $1700-$2000; if ADX begins trending down as Price trends up, this would be indicative of a temporary reversal/retracement and therefore mildly bullish. If Price is able to continue up in the coming sessions, it will likely test $1941 resistance as it retests the upper trendline of the Bull Flag from 05/11/22. However, if Price breaks down here then it will likely retest the lower trendline of the descending channel from October 2021 at $1426 support. Mental Stop Loss: (one close below) $1711.
All Eyes on ETHETHUSD is peaking over just over the 200 Daily EMA which has a lot of significance on where it will go next. The fact we've breached the 200 Daily EMA while BTCUSD continues to be rejected by it speaks to two different conclusions. 1.) ETHUSD is following it's own market now and not following the BTCUSD "Supercycle" which is bullish for ETHUSD, removing itself from the BTCUSD market and establishing it's own market paradigm will create even more growth. 2.) It's breaking from the pack of layer 1 utility tokens, massive market saturation has come fold in 2021 with SOL,XTZ, AVAX, ETC... ETH with it's slow transactions (13sec block times with 12TPS) and high gas fees made it a target for SOL and others which have faster block times and higher TPS. With the anticipation of ETH 2.0 moeny seems to be pouring into the ETH ecosystem with the burn continuing to the null address.
Analysis
the 20 EMA has bullishly diverged over the 50 EMA but still far from the 200EMA, however with the current price action the EMAs will rapidly follow up, if these EMAs can diverge over the 200 EMA we have achieved consensio and will continue long. The fact we have breached the 200 Daily EMA means we are making the resistance much weaker every time we push through it.
Confusion
If we can maintain levels above the 200 Daily EMA for one week, full steam ahead as the 20 and 50 daily EMAs wilil catch up to the 200 daily EMA
"I keep telling my wife this isn't financial advise but she keeps loosing our monies."
-KewlKat
ETH chart on 1W Time FrameLooking ETH here bouncing on support for a second time .
If ETH does not manage to hold this level I will be expecting a retracement back to $1,710 - $1,800 .
And if it gets worst I will be expecting a bounce around the first blue box of support around the $1,000 - $1,300 .
If we fail to support that area my guess its that we will be going more down very hard and fast .
Now lets see a more bullish scenario on ETH .
Lets consider that we will hold this level and bounce , In this case I would expect a pump to retest $3,200 and then $3,500 - $3,600 .
Moreover, in the case we get even more bullish , we could visit $4,000 and more levels as we go up .
NOTE : I would NOT enter very big longs or shorts positions , as taking into consideration the current geopolitical factors affecting the markets there is uncertainty and too much volatility when it comes to moving . So be careful and consider using stop loss.
DONT TRADE WHAT YOU CANT AFFORD TO LOSE !
ETHEREUM IN IRREGULAR CORRECTION - Head and Shoulders formation?Looks like we are in Wave 4 of the 5 wave series for Ethereum A-B-C irregular correction
Macro-level
In a complex A-B-C correction
W(A) is a 3 wave (orange)
W(B) is a 3 wave structure and usually ends above W3 (purple)
Wave(C) is a 5 wave and drastically drops to the start of W(B) or a little lower
If we are in the downward cycle with the changes in the FED and other markers we might see this in an irregular correction to extend for some time.
Micro-level
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1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C)
2) we might see W(2) in W(C) go back up to 3985 mark
3) We see the right shoulder forming now with subwave w(2) and w(3) in wave (C)
Please comment and appreciate your feedback
ETH EXPECTATION IN THE NEAR FUTURE Technical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Exercise Proper Risk Management
ETH - speculation to go Long on 2D!Provided that today's candle on 2D closes as a pin bar + RSI & RVI bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is an potential price action for local correction that may take up to couple of days to complete. The green rectangle represents a good entry point to go SHORT.
If price action begins to follow the path then two TP may be available for grabs:
1) TP1 at 4390 USD - first level of correction.
2) TP2 at 4570 USD - this is where we have a 61.8% correction on Fib, descending resistance line in purple colour, as well as resistence level based on horizontal volume.
ETH retest and bulls take overDXY reaching oversold and starting to create a blowoff top. Set up your long trades.
As we don't know how far the DXY will rise, we will enter in 4 positions. Split your investment into 4 and set your limits each 25% of your initial investment.
Trade Management:
First target, we are looking for a bounce back to lower levels. So this time we will close 50% with a sell stop if price rises above target of our position immediately. and scale in if we go back down to increase position size. Will keep you updated when trade is active.
We keep remaining positions and exit 10% each target, looking for new ATH.
SL is not in place until first target met.
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 @ $4361. This move to the 161.80% looks like it will be a very impulsive wave and may play out in 2 push phases. From the current price ETH is 42% away from the ATH , since the buy signal triggered ETH has grown over 18%+.
Eth pass 4000$ETH weekly candle setup and ema, macds are so good. I think eth breaks all time high at this time
DOUBLE TOP(?) on eth/usdt EthereumPrice is now facing an important resistence and if it will not close above it and it will be rejected,it may confirm a double top pattern once that the price closes below the support level,the price target of the double top pattern in length equals the size of the formation and should find support on the 0,5 fibonacci retracement level and EMA100(here it is possible to open a long position).
In addition RSI is showing a bearish divergence on the daily time frame.
If the double top pattern will be confirmed,the new price target(take profit) for the long position will be 0,236 level of fibonacci retracement.
ETH USDT : Buy Trade setup @ 3161Hello guys, hope you are doing well.
Welcome to today's trade setup as a part of "Aglogains - Daily Trade Series".
As I have mentioned in the previous idea, I was waiting for ETH to close above 3200 and created new highs confirming the continuation of the uptrend.
We were waiting for a buying opportunities at 3160 - 3200.
On the 1H timeframe, we can see a double bottom is formed with a confirmation on the the lower timeframes.
Entry - 3161
Stop-loss - 3110 (51 points)
Take profit - 3240 (80 points)
1:1.57 RISK TO REWARD
Will keep you posted on the progress. Happy trading.