ETH HTF technical analysis for Elliot WaveETH High time frame technical analysis for Elliot Wave is finished from wave 4 and we are moving toward wave 5, which aligns with the monthly order block.
Good luck
Ethlongsetup
ETH : $4303$ETH
If $881 was the bottom for #ETH, everyone who are looking for $500 to long ETH will be buying $ETH much higher.
Mid Term scenario:
Provided $ETH stays above $1248, we will surely see a move towards $1788. If we claim $1788 and flip it to support,
$ETH charts extended fib indicate a move towards:
$1838, $1976, $2171, $2420, $3139 and $4303.
This move will be surprisingly fast.
If DEC Interest rates increment slows down to 50bps and shows signs of further narrowing, we could see these levels by Q1 2023.
What happens long term with ETH price?
As we approach the Shanghai Upgrade and EIP 4895 gets effective, we may see a small sell off as beacan chain stakers of ETH will now be able to unstake ETH gradually. That also coincides with the impeding recession fear.
Both combined. $ETH might retest today's levels towards the Shanghai Upgrade in 2023. Once that is through, they real bull run in ETH will be begin.
EIP 4844 allows proto-danksharding. This proposal will enable data processing on network and thereby reducing gas fees.
By this time, $ETH also starts getting deflationary and the deficit between new ETH and Burned ETH keeps increasing thereby increasing the coefficient in the decrease of supply curve . Rapid drop in ETH supply = Rapid increase in price.
ETH Long Set up ETH is trying to break the upper trendline. I can take a good pump after the breakout. RSI is making a bullish divergence in the 4H time frame where the price is decreased but RSI is increasing. ETH can give a good bounce for a long in coming days.
ETHUSDT Trade IdeaETH seems to have found it's range lows again - Loss of this level and we have bigger issues in all markets, so if you are feeling bullish, this is the long zone
ETH: A break and we are off?!Ethereum
Intraday - We look to Buy a break of 1401 (stop at 1347)
A higher correction is expected. Bespoke resistance is located at 1400. A break of bespoke resistance at 1400, and the move higher is already underway. We are trading at oversold extremes.
Our profit targets will be 1529 and 1559
Resistance: 1300 / 1350 / 1400
Support: 1270 / 1250 / 1220
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ETHUSD Breaking out into Wave C!wave B correction is done and confirmed on the 1H and we are in our LONG trade for ETH with a traget of 2500
ETHUSDTEthereum need to breaout SMA-100 to continue up side move, other wise it can retrace from here.
#ETH/USDT 4HOUR 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/USDT UPDATE !
As we can see from the above-mentioned chart that ETH broke above the triangle patterns and moved upside till the strongest resistance zone for now.
As ETH was unable to break above the resistance level and got rejected again, it fell down again at the lower support zone.
Here ETH holding the present support level very well.
A bounce and re-gain are highly likely in upcoming hours towards the upper trend line resistance.
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.
THANK YOU.
#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 completed inverse head and shoulders and broke upside its inverse H&S on the upper side Right now ETH has been 2 hours update retest 50MA and pump ETH almost 30% to 40% from here
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.
THANK YOU.
#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.
THANK YOU.
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.
eth/usdt eth bullish on the weekly time frame and bearish on daily and lower time frame. I think we are going to fill the imbalance (mentioned in the chart) and test weekly channel lower line
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 BULLISH TREND?Ethereum seems to be heading towards a 5 wave impulse
looking for a continuation of the 4th wave at the market breaker npoc level highlighted.
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
-------------
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 USD LEVELS LONGGuys, it is easy. I hope you catch the right entry to a long position. I am still long.
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!
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