ETHUSD Ascending Triangle Breaking Out - Good Long OpportunityBTC broke out yesterday and now ETH is showing strength. In the run of 2020 ETH was the leader of the movement (ETHBTC rising), but this time BTC broke out earlier. So usually I'm betting on the stronger USD pair, but it's not clear yet if ETH or BTC will be stronger. ETHBTC went sideways for the past 7 days and didn't look strong, but managed to pump within the last two 4-hour candles. That means ETHUSD is catching up, while BTC is resting.
I'm long since 231 but increased my position at 236. Will take profits at 245-255. Current SL is 226.
Ethlongsetup
Entry into ETH Juicy Wave 5Hello fellow Crypto lovers!
Possible nice set up for a long of ETH here. There looks to be a nice area of support found for ETH in the current range. While trying to see a wave pattern today I noticed that this move so far in 2020 would fit nicely into a 5 wave structure with this support area we are in now (supported by local trend line) being the end of wave 4. I entered into positions from $225-230 and will be looking for the 5th wave to take us to the targets listed on the chart. Last years move took ETH price to the 1.0 Fib extension of the 3rd wave, so that is where I'll be selling the remainder of the postion and re-evaluating. If it works out there will be juicy profits....very juicy..
If the black trend line is broken then I'll be out and have to re-think the strategy. But it looks well positioned to me. Hope this picture is clear for anyone else evaluating ETH currently.
Best of luck! May your Crypto trades be bathed in juicy profits!
-Crypto Juicer
CRITICAL INFORMATION - Buying ETH/USD in the next weekETH broke out of the linear regression channel a few days ago with:
Divergence on the MACD
Sky-high inertia
ADX says highly trending
RSI says overbought but rest of the indicators says nobody cares
Squeeze momentum is green for one more day -> small window to buy in today and catch a short term play to the local peak.
Monday we will see a run to 232-235 is my guess, then a small to medium sized correction will happen, perhaps down to 226-228.
However, there may not even be a correction based on the strong MACD divergence and inertia happening on the day chart.
My recommendation is to buy in at 225-226 today.
If ETH breaks below 210 we will see a major correction downwards, but this is unlikely. Stop loss set to 215-218 should be sufficient.
Side notes:
ETH/BTC is going ballistic, upwards, with Ethereum gaining strength relative to Bitcoin. The waters of crypto are shifting.
If Bitcoin corrects heavily in the next few days, traders who wish to keep their money in the crypto-space will move their funds from Bitcoin to altcoins -> Ethereum will see a major rise because of this.
I have been holding ETH since 131 in early January. The gains have been phenomenal. Ethereum will rise to 270-300 in my opinion, based on long term technical analysis (week and month charts) and market factors. A solid argument concerning Ethereum > Bitcoin as a currency is that Ethereum transaction times are much, much faster than Bitcoin's. In terms of long term adoption based on real world use cases, Ethereum is the future of crypto, whereas Bitcoin is a relic of the past.
Good luck, have fun trading!
-dysonring2050
Ethereum (ETH)- ETHUSD-Buying Opportunity- 287% Profit Expected!Ethereum (ETH) - ETHUSD - Technical Analysis - 287% Profit Expected
Big Trade Coming With Huge ROI..
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
Target Profit Range - 198 - 422
(55%-287% Profit Expected)
TP - 1 - 198
TP - 2 - 244
TP - 3 - 296
TP - 4 - 347
TP - 5 - 422
Buying Zone! Long Position
Early Entry Trigger Point - $121 -$135
Ideal Entry Trigger Point - $102 - $116
Adjust your Stop Loss according to your lot size,
account equity, strategy & money management.
***If you want to get in this trade from this point 174.8 you can still make 39.7% profit till TP2 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
Disclaimer - This is not financial advice. This is my personal view and analysis of this chart.
If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to like, comment & follow , If you agree with my analysis :)
ETHUSD : FA meets TA -- > Accommodating ETH2.0 + Defi PulseWhile the altcoins market will continue to flush out the nuisance caused by the ETH based ICOs from 2017, however the alt king sneakingly seems to setup for it next bull run in long term.
With the actual use case projects under DeFi infrastructure keep being build around ETH, one could argue that even the BTC maximalists can never with a stern voice disregard the altcoin ETH as a shitcoin.
Looking at the long terms trend lines, looks like ETH has flushed out most of it 2017 ICO bubble sins, and is ready to accommodate the next wave buying the hype around DeFi leading to its scalability .
I still believe BTC will return to full bullish mode within few days, however the BTC dominance might consolidate in short term or even take a hit, which would only mean ETH bouncing harder and before BTC in contrast to the infamous BTC-Tether-alts cycle theory.
This would only be amplified if ETH disconnects its path and decreases its correlation with other shitcoins movement on the charts itself, just like it seems to be doing by pushing its use case on Fundamental side.
The scenario could fail in short term, if ETH falls very hard surpassing the 165$ long term support. If anything would see that as a buying in opportunity around 130$ (which I see as the ultimate bottom if BTC takes a hit with a hanging man pattern in the immediate following days).
ETHUSD LONG 1HR ChartHello to all watching my charts.
I am starting today a check of Ethereum
and will bring you more Crypto Charts the next time
Why ?
Cause the possibility of trading these pairs in my oppionion has been
dramatically changed to much smaller spreads and daytrading
if wanted , is now possible with positive results.
So lets come back to ETH:
What do we see ?
Its easy:
We have a nice and strong LONG channel
in which the pair is running up.
So run with that in Long diretion so long as the pair continue
in that channel.
I will update you
Good tardes
Renkotrade
ETHM19 - ETH/BTC LongLooking for an upward breakout of this channel. I'm long and targeting swing high of 0.03555.
May double down on my position as long as it breaks upwards and finds support at 0.03250
ETHUSD: Longs make new highsETHUSD LONGS have made new highs the past week.
As shown in the chart, the last time ETHUSD longs hit a high, they crashed shortly after, pushing the price of Ethereum from $300 to $1500.
As shown in the green boxes, we have the same type of movement when compared to previous months of the 17'-18' bull run.
I do not expect us to see movement like we did before, but I do believe it can show our next moves.
The entire market volume has been rising the past month and we are getting close to where we were back in January of 2018.
Alts have been moving left and right, which may also be indicator. We have not seen alts move as they have been, this whole bear market.
Trade safely, although I do believe we have many many indicators that are pointing to the upside.
Get ready to buy ETHER #ethEth has completed wave 1 to 5 and started its correction phase. Based on my Elliot count A, B , C are also now done. I am taking a long position here. Also Eth has fork happening on JAN 16, so i am expecting a more upside from current price.
MY stops are below $104.
My first target is $160.
Leave a like/follow if this post helps.
ETHBTC LONGWe are approaching the bottom of the descending wedge I have been looking at on ETHUSD. I wouldn't be surprised if we reach the bottom of the support level before breaking out of the wedge pattern. I also posted a short term wedge pattern on the 1D chart on the right, which could kick off the rise of ETH if we break above this pattern. REMEMBER wedge patterns are only valid once we BREAK and CLOSE above the pattern on their respected time frames. This mean that in order to enter a trade based on these patterns we must wait for the break and close.
If you guys enjoy these ideas, follow me for more. Also if anyone has questions about this idea or trading in general feel free to comment down below or message me! :)
ETH/USD, Quick Scalp Trade OpportunityBITMEX:ETHUSD had quite the selloff yesterday, lasting throughout the night. Ethereum dipped substantially further than Bitcoin, but I am not surprised based on how quickly it has gone up since the drop to the yearly low.
We seem to have found a potential temporary bottom at the 12-Hour Order Block, which I was expecting to be a Demand Zone. It wicked through it, but then quickly closed above the equilibrium.
I have entered a scalp long position targeting the 4-Hour breaker above around $218. This could potentially run a bit higher up to around $222, where I will be looking to flip short after closing this scalp long.
As always, this will depend on what price action looks like once we reach that level and I will post a follow-up chart if and when that happens.
ETH - Aggressive long trade setupDear all,
Here is long trade setup I'm entering.
ETH is currently at a key support at $495 dollar and has 3 resistances to overcome (downtrend lines shown on chart) to break out of Bear Market.
This trade is driven by 3 main factors:
- ETH currently sitting at key support $495
- RSI is oversold
- Light bullish divergence
- RSI forming falling wedge
Please see that ETH is currently inside a broader symmetrical triangle which and based on Elliot wave we need another wave up.
Plus this wave setup is favorable to upward breakout.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
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