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.
Ethlongsetup
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.
ETH USDT : Buy Trade setup @ 2597Hey Guys, hope you are doing well.
Welcome to today's potential trade setup as a part of the "Aglogains - Daily Trade series".
This is a short-term scalping trade. In the 15 minute time frame.
We have seen a pullback to the previous short term resistance level of 2590 - 2600 levels from the recent highs of 2630 -2640
I have an entry after a double bottom was formed, followed by a bullish candle, fulfilling our entry criteria.
Entry - 2597
SL - 2560 (37 points)
TP - 2649 (52 points)
Risk to Reward - 1 : 1.4
Will keep you posted on the progress.
ETH USDT : Buy Trade setup @ 2225Welcome to today's trade setup as a part of "Aglogains - Daily Trade series".
As we have seen yesterday, after breaking the previous highs at 2185 - 2200 levels, there was an explosive move to the upside on ETH yesterday, reaching almost 2400 - 2430 levels.
We have seen the market take a breather after this rally by seeing a slight sell-off causing a pullback to the previous highs that were broken.
My trade setup takes advantage of this key resistance turned support level to look for trading opportunities.
On the 3Hr chart, we see a double bottom forming followed by a bullish candle confirming our entry condition.
Entry - 2225
SL - 2083 (142 points)
TP - 2423 (198 points)
Risk to Reward - 1 : 1.4
Will keep you posted on the progress.
ETH USDT : Buy Trade setup @ 2332As you all are aware ETH recently had a very bullish impulsive move upwards breaking the previous high at 2186
I have covered this in my previous video, I'll attach the link.
As we look at the hourly chart ETH broke above 2340 in its latest move, this led to a sell of and retest of the previous swing low with a deep pullback to 2300-2330 levels.
I'm going to look for buying opportunities at this important level.
Entry - 2332.5
SL - 2265 (67.5 points)
TP - 2425 (95 points)
Risk to Reward - 1 : 1.4
Will keep you posted on the progress.
ETH - Daily chart - Long scenarioLooking if Price will move as marked. (Orange arrow). Where i would enter the long at the cross between the two trendlines and a by then Support area.
Target is based on the next big Resistance area.
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
ETH/USDT - considerable potential 67% movement after correctionHello, Traders!
The interest in altcoins begins to fall gradually. Traders are progressively fixing their positions in altcoins in favour of BTC, so Bitcoin's dominance begins to increase incrementally.
In such a situation, it is possible to look for ETH purchases on a deep correction, after the stops of aggressive buyers are collected.
It's best to wait for the price to move into the $1960 - $2140 zone and search for buy entry there.
A stop-loss can be placed below the level of $1740.
The targets for such purchases will be
$2488
$2800
$3000
$3200
$3590
Perfect risk/reward ratio of 3.60!
Good luck and watch out for the market!
P.S. This analysis is created for educational purposes and shall not be considered a piece of financial advice
ETH/USDT - market update 24.05Hello traders,
ETH corrected the whole upward movement, which started from the $2140 - $2488 zone.
Under sellers' pressure and a cascade of liquidations of margin positions, the price fell to the level of $1740, and then returned to the buyers' control zone of $2140 - $2488.
In the apparent trades profile, we see that the area of the highest interest is between $2488 - $3200, so we can assume that the upcoming trading activity will be concentrated in this area.
The buyers will meet the sellers on the downside correction: the first sellers' control zone is between $2800-3000, the second one is between $3200-$3590, where we can expect the sellers' reaction in each zone.
The closest Fibonacci Retracement levels are:
0,382 ($2742);
0,50 ($3056) ;
0.618 (3369)
The news background also disposes of the growth. For instance, Bloomberg said today that ETH is approaching a long-awaited fix that will reduce electricity consumption by more than 99%.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered a financial advice
ETH/USDT - optimistic 30% setupHello, Traders!
At the moment, ETH has corrected 50% of the upward movement and continues to be under selling pressure.
For some traders, the current correctional movement is accompanied by financial losses, while for others it opens new financial opportunities.
We may look for entry into purchases in the range of $2980 - $3020.
Stop-loss shall be set under the price value of $2740
Correction targets of the local downward movement will be the levels of
$3200
$3590
$3868
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETH next target according to an Ascending TriangleAs can be seen in the image below, the rising wedge target was achieved as I predicted before in the related idea (link provided below):
After meeting the target it is forming an ascending triangle with a target closer to 4230, let us see if this plays out or no!
Ascending Triangle are continuation patterns in the direction of the trend and the trend is upward, so the price is gonna go upward hopefully!
Disclaimer: Take actions at your own risk and with proper research! This is my way of observing price actions, not trade signals!
Thank You!