ETH > $6000 by Q1 2022Early stages of an ascending triangle formation
In 75% of cases, an ascending triangle is a continuation pattern.
Confluence
1) Fresh MACD cross below the zero line
2) Bullish MACD histogram with price divergence
3) We are above the 200 day EMA & the 200 day EMA is ascending
4) Price is above the 8-day EMA
Entry
Everyone should already have ETH in their portfolio
Target
Base of the triangle = Breakout price target
But in reality the moon is the only logical price target
PHEMEX:ETHUSD
Ethpriceanalysis
ETH/USDT 1HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 2 Downtrend in red color
We have 1 internal uptrend in green color
The wider the trend the stronger the trend (I use thickness)
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Be careful trends need to be modified when broken to the new peaks.
The yellow are level that have already been tested I am drawing then just for explanation purposes.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Not Financial Advice
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A SCENARIO WITH 3 POSSIBILITIES FOR ETH IN SEPTEMBER 2021A SCENARIO WITH 3 POSSIBILITIES FOR ETH IN SEPTEMBER AND OCTOBER
In our last analysis scenario on ETH which is published recently, we have considered the possible pull back of ETH from $3600-$3800 zone.
In this post, we will have a more detailed look at three possibilities on ETH movements these days.
There is a "Bearish Shark Pattern" formation on ETH 4H chart by reaching to $3600 which can have two possibilities:
Possibility 1: If the bulls can keep their rally, ETH can breakout the descending channel and face with the trend key resistance at $4000. If successful, then it can continue to hit new targets like $4200 and $4400.
Possibility 2: if ETH cannot breakout the descending channel, then faces with a downward pullback to the channel midline. This can be considered as formation of 5-0 bullish pattern which can result in successful breakout from the descending channel in upcoming weeks. This can be more possible as we also predicted in our recently published ETH analysis a possible pullback to accumulation zone.
Possibility 3: There is also a possibility of failure of ETH in successful pullback from accumulation zone, and expecting further corrections towards the support zone ($3100-$2900).
All these possibilities depend largely on high leveraged position at the major exchanges! Crypto market is highly affected these days by market-making strategies of major exchanges in dealing with high leveraged long and short position!
Our overall prediction for ETH in Q4 is bullish, however, September is always the month of unexpected market movements.
Have a profitable trade ahead.
THIS CAN BE THE LAST CHANCE TO BUY ETH BELOW $4K, BUT WHY?ETH has a very dense market movement these days and shows great resistance. Actually, if the leading exchanges don't manipulate the market and let the ETH HODLers and traders do their trade based on the analytics and logical measures, ETH can hit new records.
In-chain data of ETH based on IntotheBlock.com analysis are highly in favor of ETH. The successful implementation of London hard fork and its consequences in ETH supply flow and scalability, are all key fundamental points for ETH upcoming bullish rally.
In this analysis, we have take the pivot based approach into the consideration as today ETH is performing above its major pivot line in 4H timeframe and could have a successful breakout from Ichimoku cloud.
However, there is a dense resistance ahead at the $3350 to $3650 price levels, which we expect result in downward pullback and surf the price down to $3200 (and possibly $3000). If this occurred, we suggest don't get panic and drink a tea! ETH has a great support zone between $3000 and $2880.
This can be considered as a buying opportunity as we estimate this level will build a spin for accumulation.
September is critical month for ETH to retake its bullish trend, and breaking out the $4k resistance.
As ETH is always performing out of expectation (at least in most cases), it can start a quick surging rally to break all resistances ahead! Impossible is nothing ....
If this scenario goes well, ETH can show a profitable ROI for its investors in Q4 of 2021 and hit new ATHs.
Price levels and targets are marked by horizontal lines.
Have a profitable ETH trade ahead.
Ethereum 40% pump incoming?If we bounce at this level or at the 0.886 FIB level, I think that this has a good chance of playing out. On the way up we could probably retrace 50% and create a right shoulder for something that would look like an inverse head & shoulders. This would take us to the top of the harmonic reversal point. Again, there are lots of IF this than that. So this could be invalidated quickly. We would need to bounce pretty much right about now. If we don't, this pattern is invalidated.
ETH Bearish Parabola Broken (Pump Incoming?)We just broke the bearish parabola that kept driving the price down. Usually parabolas tend to retrace at least 50% or even up to 78.6%. There are different ways you can draw it in but I think that we could have a small pump incoming. But if we do get above key trendlines, we could see a massive reversal but a lot also depends on BTC. So watch that chart as well.
ETH possibilities. Falling wedge with a rising wedge.We broke down out of a bearish rising wedge and it looks like we are starting to create a bullish falling wedge. Inside we also are creating a bullish harmonic pattern. It is a bit rough so not a clean one but the reversal point is right on the golden 0.618 FIB level for the rising wedge. I think that we should most likely bounce on that level and if we don't break up out of the falling wedge, we could fall lower to the .786 fib level (which actually would hit the target of the rising wedge perfectly).
Different possibilities
Stay safe out there!
Ethereum Bullish ForecastWe have a rising wedge inside of a massive falling wedge. The bullish scenario would be us coming up and touching the trendline finishing off the falling wedge but I think that we could still fall to lower levels that would hit the target of the rising wedge and then come back up. Usually for the price to break a trendline, it starts creating smaller shoulders. This would create a smaller right shoulder and with enough buyers I think that we could see 3k ethereum sometime soon. But again, falling wedges can break both ways but they have a higher chance of breaking up then down. If we break down, we could see a 1k Ethereum as well. A lot also depends on bitcoin, but I think that would be unlikely. Knowing crypto though, it is always a possibility lol.
ETH PossibilitiesI am neutral right now because we need more information. I drew in different possibilities that I think are possible. If we never touch the trend line again then we would most likely dump down. If we do touch and break through, we have a chance of running up to the next resistance. Even though the target is around 2.8k, I think that we would get rejected at the trendline. We could have a reversal there or a slight pullback (use fib levels).
Ethereum bearish parabolic curveLong term I am bullish on crypto but it looks like we have a bearish parabola. From here I think that we have two options. We will either dump more until we find support. I think one of the first spots is the long term trend line which is around $1800. But if we break out of this parabola, parabolas usually retrace 50% or even up to 78%. So the fib levels are the targets. From there we would probably consolidate until we decide which direction we would want to move.
Ethereum two possibilitiesIt looks like we have two possibilities. If we touch the bottom trendline and break below it, we should go down to the 2k level. If we never touch it, it will create a parabolic right shoulder that will create an inverse head & shoulders. That is if we go up and break that upper trend line which has a target of 3k.
ETH is going to 4700?Descending Triangle formation by ETH price action. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
Let us see if this triangle will be bearish or bullish.
I believe its a bullish as it also is forming a W double bottom in shorter time frame, and we might see an uptrend continuation from here!
Nothing is certain, so lets wait and watch!
You can check my previous ideas and price actions predictions by referring to the link below. Most of them were correct and played out well.