ETH/USDT momentum hasn't dried up yet Hello, Traders!
ETH continues to move in an uptrend.
At the moment the price is locked between two zones of interest:
Buyers interest zone $1670-1710
&
Sellers interest zone $1800-1840
The buyers need to go to the market with purchases in order to continue the upward movement, otherwise, the price won't be able to hold its high.
We can join the buyers, opening a position in the range of $1715-1760.
Stop Loss shall be placed: at $1615.
The targets would be:
$2062
$2232
$2338
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but only a trade, I would be following myself
Ethlongsetup
2 formations, target 1740Following 2 formations.
The first one is a reversal head and shoulders formation in 1h chart ( you can check in 1h chart, it's more clear). Shoulder target has reached and now target is 1504 which is head target.
After that It'll be a new high. Then we can continue cup and handle formation.
I think first we'll hit 1609 which is handle target, then a pull back, and finally we'll see cup target, which is 1740.
See you there!
ETHAUD: Buy Zones (MA/EMA)Buy zones for ETHAUD, Looking for Corrective wave into our ema21/ma50 , not shorting.
The Return of ETH!My Fellow Crypto Traders,
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ANALYSIS:
ETH has flashed bullish with the 9EMA crossover to the upside. If ETH continues with this positive price action to the upside, and volume remains to trend downward, we can see ETH retest VWAP (turquoise)/ lower parallel channel wall or previous support @ $1062 region. The multiple overhead resistance trend lines around the $1250 region could restrict further continuation to the upside. Therefore builds confluence with a dip down to lower regions of support. Moreover, the VWAP and the previous diagonal trend line (1) seem to be converging towards the 236 fib level, which builds further confluence with a possible dip towards those levels.
ETH Has Formed A Massive Cup & Handle - Possible $2K TargetSo after the ascending triangle breakdown we still have hope for a spectacular move up for ETH. If you zoom out to the weekly time frame you will notice that a GIANT cup and handle pattern has formed. We just experienced a classic 30% correction forming the handle portion.
Macro target for profit taking is just above $2K as this will be a quick move over the coming days, as I see a $450B-$470B market cap for Alts incoming. Of course we will have to monitor BTC just to make sure it doesn't spoil the fun; however I see BTC hitting $46-$47K over the next 4-5 days.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
ETH - Potential Cup & Handle FormingHope you enjoy my analysis.
I believe we are seeing a multi-week cup & handle forming on the weekly chart.
There's a chance for more downside (forming on the handle, to complete the continuation pattern), before moving upwards towards 1400 (previous All time High and resistance area).
Next area of interest would be ~1700$
"As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities."
ETH/USD Long SetupLooking to long once more with a target of $470. Similar setup as a week ago, worth the risk to try it again. Bull markets love their 21 EMA.
Entry --> 395
Stop Loss ---> 367
Take Profit--> 467
Risk/Reward --> 2.7
Please Comment, Like, & Follow!
This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.
ETH LONG IDEAAfter heavy selling price seems to have bottomed out, I notice a potential BAT Harmonic forming here (Potential), the last point (D) is needed to confirm
First trouble area would be the daily resistance is $370 for us to get to our end goal of $390 - $400 which also lines up well
with a daily resistance adding confluence for a short setup once the harmonic has formed.
SL below C point, trade offers good RR. Let's see
ETHUSD - Crushing another weekly resistance It looks like ETHUSD is going to print the second weekly chad candle in row. Currently it's trying to hold above $377 support (S/R flip).
Continue to buying dips. Wick below $380 looks like a decent buying level. Close above Daily/weekly resistance will be ultimately bullish for eth.
Next HTF target is $425.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
ETH/USDC 15 Minute Falling WedgeThis falling wedge will terminate and pump approx 40% of the overall height of the wedge then fall to a double bottom bounce slightly higher then the lowest point of the wedge. Then we will uptrend which will consist of three climbs after the double bottom pump. Each climb has a subsequent fall each being slightly more than the last with the 3rd fall being approx 35% of the overall uptrend and then a hard pump. target approx $345-350
ETH/BTC Long Scenario -- 12%/35%/55%Technical Analysis: Bullish moment coming off a double bottom looks to continue for up to a 55% gain.
ETH completed a 30% double bottom, wicking as low as 0.01614 and then hit the double bottom target of 0.02852 in a 72.5% up swing.
The price has since retraced now looks to primed to move 12.65% upward to retest .02852 at target price #1 and form cup an handle pattern.
Upon breaking the neckline look for a move to target #2 at 0.03431, which is 35.31% up and sits just below Fib and previous resistance levels.
Target 3 at .03942 is the target for the cup and handle breakout and also sits just shy of Fib and previous resistance.
Fundamental Analysis: Defi and ETH 2.0 will drive further demand.
ETH is nearing the rollout of the final ETH 2.0 testnet.
Once live, Eth will switch from PoW (Proof of Work mining) to PoS (Proof of Stake) which will requiring holding a minimum 32 ETH to become a validator and earn stake rewards on the network.
Recent reports reveal that nearly 80% of the total supply of ETH wallets is now being held in wallets containing at least 32 ETH to allows participation in staking rewards once the new ETH 2.0 network goes live..
As the ETH 2.0 comes closer expect more buying pressure and movement out of exchanges as more investors look to participate in earning staking rewards.
Additionally, the bloom of DeFi apps requiring ETH as gas and using ETH for various DeFi applications and ERC20 token swaps will further drive further demand.
Note: Note Investment advice. Crypto is volatile and market conditions can change rapidly at any moment.