ETH - 4h. The price of Ethereum fell into a triangle.Today's fall in the price of ETH did not break the main scenario of buyers' continued growth. By lowering the price to $1270, sellers stopped the pressure. As a result, we see the local reversal of the ETHUSD price, which we wrote about in the previous scenario.
Trading volumes in the ETH market are average. Considering the trajectory of the BTC price, we believe that a triangle has formed in the market. Given that before the formation of the triangle there was a momentum of growth, the probability of breaking the triangle up is higher.
Proof of the strength of buyers will be the maintenance of the range of $1336-1353. The main goal of buyers is the range of $1600 .
We will consider the alternative scenari o only after breaking the mark $1270.
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Ethpriceanalysis
ETH - 4h. The critical point of the local growth trend is $1270.The local weakness of the BTC market and the systematic decline in its dominance played a positive role for ETH .
If on January 22 the price of ETH submissively fell along with the price of BTC, then during yesterday's local attack of sellers in the BTC market, the ETH market showed growth.
Today, trading volumes in the ETH market are higher than BTC.
At the moment, buyers have taken the critical level of $1270, which we wrote about in the previous idea :
Now buyers have managed to update the local high, but the price continues to trade within the yellow wedge. In order not to lose the initiative, buyers need to keep the mark of $1270 and after consolidation to continue to grow with the first local target of $1570 .
From the nature of the ETH price increase, it will be clear whether there is a prospect for stronger growth with a target of $1800.
The loss of the $1270 mark will continue to consolidate within the wedge and sellers will test the range of $1150-1200. This scenario also has a right to life. Given that the previous weekly candle of the ETHBTC pair closed to continue medium-term growth, a slight correction to the green range is still possible:
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ETH-4h. Below $ 1270, the correction will begin.The buyers initiative, which began on January 11, is beginning to weaken. The price of ETH slowed down before updating the historical high. This is strange, because BTC is in consolidation and does not take attention.
On January 19, buyers managed to update the local high . however, relative to the previous high is only 7% higher. The price stopped for 2 dollars to the historical high of 2018.
The new wave of growth looks rather weak and the breakdown of the mark of $1270 will begin to correct the price of ETH. Having settled below this mark, we expect the price to continue falling to the range of $980-1000.
Interestingly, ETH trading volumes are currently larger than BTC volumes . By reducing BTC's dominance by at least 10%, ETH could feel like the king of the crypto market.
It is possible to buy a coin with confidence only after fixing over the range of $1340-1390. It is the loss of this range in 2018 and was the beginning of a global correction of the ETH market.
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ethereum: In bullish trend, the initial target is $ 1900
By the price crossing the range of $ 1350, the uptrend in 5th Wave has been confirmed and the target of this uptrend is in the range of $ 1900. Note that this is the first target, by referring to the weekly chart, achieving the targets of $ 18,000 or even $ 37,000 is not out of mind.
(Weekly Chart )
ETH-4h. Break the critical range of $1260-1350 and test $2660.Pretty soon the price of ETH reached the target. We wrote about in the previous idea .
Buyers did not give any chance for correction. Investors' expectations of the $900 mark proved futile. At the moment, the price of ETH is preparing to storm the main range of $1260-1350.
After the first test on January 7, trading volumes fell sharply . However, this is natural, because the price has fallen into a consolidation triangle, from which the price is more likely to shoot up . The sellers' attempt to impose a fight on January 8 was unsuccessful. Of course, 12 hours of pressure on the price by average volumes is not enough to reverse such a powerful trend .
As a result, the price is now preparing for a shot that should break the critical range of $1260-1350 and set a new all-time high.
The first medium-term target where buyers will feel serious resistance is the $2660 mark. However, to begin with, you need to hold on to the critical range of $1260-1350.
b]The critical point of this scenario is the $ 1160 mark. Having secured above it sellers will select the local initiative and will be aimed at the test of the range $980-1000.
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ETH-4h. Buyers are preparing for a new wave of growth!The new year offers new prospects for investors. One of them can be found on the ETHBTC chart.
A strong wave of fall, starting from December 13, lowered the price of ETH by 25% . In one of our ideas, we showed that sellers have broken the global trend line and the situation looks quite critical. However, meeting the range 0.0247-0.0252 sellers met with serious resistance. It is in this range that the price of ETHBTC began to slow down on December 23 .
Due to a strong trend, sellers managed to break through this range for a while. However, December 27 showed its strength by taking control of the range 0.0247-0.0252. This range is currently being tested. Sellers look weak.
Therefore, the probability of starting a new wave of growth with a target of 0.03 is quite high.
Given that the price of the pair ETHUSDT is now in consolidation - rising to $ 800-840 in the near future - this is a very likely scenario.
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ETH-6h. Buyers are ready to test $ 800-840.BTC's local weakness, after setting a new historical high, gave ETH buyers a chance to come out of the shadows.
On December 27, during the two hours of active sales of BTC at highs showed that many people want to keep the price of BTC. During the stoppage of growth in the BTC market, ETH buyers raised the price by 10% in 3 hours. The initiative of buyers continues to remain with buyers. This is how our global idea ends .
Buyers managed to go beyond the wedge. The local critical point for continued growth to the $800-840 range is the $700 mark . Below it, sellers will return ETH to the consolidation wedge and try to test the $620-630 range .
Therefore, we expect the result of the fight for the $700 mark to enter the risk-free entry into the position.
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ETH-4h. First $600 and then $800.For the second day in a row the price is trading above the previous local high.
The focus of the cryptoworld on BTC does not allow the ETH market to reach its full potential yet.
On the ETHBTC chart the price continues to fall, giving new resources for BTC growth.
BTC volatility is now higher than ETHBTC pairs. Local correction of BTC will entail the price of the pair ETHUSDT. The critical zone for the continued rapid growth of ETH is $ 600-620. The first serious target is $800.
Breaking the $600-620 range will form a rather negative scenario, which is too early to talk about.
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Breaking the $ 600-620 range will form a rather negative scenario, which is too early to talk about.
ETHUSD to see sideways movement (4hr) | Bollinger Band squeezesMarket in last 24hrs
-ETHUSD saw an uptrend after rejecting from 408
-Price volatility was high. The market moved ~4.88%, between $408 and $389
Today’s Trend analysis
-ETHUSD expected to move sideways as Bollinger Band squeezing and acting as resistance
-Price at time of publishing: $395
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 58
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in the volume in last few candles despite the price rejection indicating a weak selling pressure.
Price expected to move sideways as Bollinger Band squeezes. Most of the Oscillator indicators are neutral. MACD histogram is negative, size constant in the negative region. RSI at 58, above the midline in the neutral region. CCI dropped from 143 to 51, in the neutral region decreasing downwards. Another interesting point to notice here is that the Bollinger Band squeezes.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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- Mudrex
ETHUSD to see an uptrend! | Midline Bollinger Band as supportMarket in last 24hrs
-ETHUSD moved sideways being above the midline Bollinger Band
-Price volatility was high. The market moved ~4.47%, between $397 and $380
Today’s Trend analysis
-ETHUSD expected to see an uptrend after getting rejected from 390 got support from midline Bollinger band
-Price at time of publishing: $396
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 62
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in the volume in last few candles being below the 20 candle moving average which also decreased in the last few candles.
Price expected to see an uptrend as higher lows are seen. Most of the Oscillator indicators are neutral. MACD histogram is negative, size increasing in the negative region. RSI at 62, above the midline with in the neutral region. CCI at 106, in the overbought region increasing upwards. Another interesting point to notice here is that the price after rejecting from 390 got a support at midline Bollinger Band.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
Let's look at ETH!✴️ ETHUSDT Update #Altcoins
Let's take a quick look at the Ethereum!
ETH tested its symbolic and psychological level of 200 two days ago without managing to exceed it. Since then, ETHUSDT has been evolving between 190 and this level. The Ethereum is now trading above the 195 level which is an important weekly level and above its 4h value zone.
The technical situation is negative on the daily and 4h horizon, which does not exclude a retracement.
👉 What can be done?
We have two possibilities here guys, the first one, ETH continues its rise and breaks the 200 level, so we will be able to enter on pullback to target 210. This first possibility is risky given the state of the momentum, which is starting to be seriously overbought, so we'll use a 0.5% risk.
The second possibility is safer, we will wait until the bottom of the value zone 4 hours before opening the position.
Stay safe!
ETHBTC: Still Looks GoodDespite overall altcoin weakness ETHBTC pair still looks good on weekly and on a daily.
I think we can expect powerful move up, like last times or retest of the 0.025-0.026 sat support level.
I'm out of position, watching from the sidelines. Depending on BTCUSD I would be consider a long from 0.026 sat level.
Information is just for educational purposes, never financial advice. Always do your own research.
ETH 200% PROBABILITY ! 550$Traders,
Here we have ETHUSD 1D chart.
Fundamentally ETH have 2.00 phase next Jan 2020.
Technically we have many things to say about ETH:
1- The last Fib level that we reached last rally was 3.618 non broken, but this rally made us a new top to have weekly triangle with ratio 0.618 with high probability to be tested as its point of control on VP.
2- Last Rally in wave analysis was wave 1 and we had wave 2 correction now we will have wave 3 after this breakout wave 3 will higher high the previous one
3- Five TPs to have 5 movements towards the heaviest VOL
Like if you appreciate this
Regards,
Mohsen
ETH and BTC are perfectly direct correlatedAnalysis of Ethereum should always take into account current Bitcoin price action. If we look at the 1 day timeframe scale charts of ETH and BTC we would see that there are similar fractal repeats. Taking a closer look at the short-term timeframe scale reveals a direct and perfect correlation of the assets. We can see 7 similar price action formations which took place exactly at the same time. Deeper analysis shows that ETH replicates BTC movements with up to 5 minutes lag. This is a very long period to take action.
Taking into account the recent BTC analysis we see price action of this asset reached its top and currently should go down making a channel breakout rejection and another fractal repeat. Thus ETH will replicate this movement and it will be favorable to open short position. Target in such scenario will be a bottom of the channel around $168
Although there is still a chance that the breakout will be confirmed, it will happen once a 4 hour candle closes green above $8 118 level. In this case there are 2 long position targets for ETH
1: $178
2: $183
Carefully track the progress of the price action to take a decision. It is a good moment to earn profit with ETH
Biggest Downfall of ETHEREUMEthereum has confronted an accident underneath $160 this year, learnt by The Coin Republic. It is said that this week has been risky for ethereum. The ruin was unforeseen of it as in the ongoing occasions ethereum was performing truly well like it generally does. It would hold a meeting in Osaka this year. The defeat was undoubtedly a brutal blow on it.
It was at that point dropped to $220 and after that to $160 per token. The following day ended up being accidental as the value rose to $175. Hopefulness and confidence in ethereum were reestablished in dealers.The crash in the price of ethereum has given rise to a panic-stricken situation in the Relative Strength Index. This is surmised that the coins have been overbought and has been sold out at such a rapid rate that it has been oversold which has stricken panic amongst the traders.
News Source : TheCoinRepublic
Ethereum Price Analysis - ETH Most Likely to Stay Above $200
Relative Strength Index: The RSI is currently at a healthy 41 points. This signals some sideways trading up ahead.
Bollinger Bands: The price is also within the bands' range, however it's touching the lower band. This means the price will try to rebound slightly, at least until the MA line.
Volume: There is very little volume for Ethereum at the time of writing, most likely attributed to the fact that it's the weekend. This means the market most likely won't make any major moves anytime soon.
Ethereum Price Prediction
The RSI, BBs and Volume are all signalling a sideways market up ahead. Combine that with the news that Ethereum is gearing up for ETH 2.0, and we should anticipate some bullish momentum in the coming weeks.
My prediction is that ETH will trade at the $200-$210 level for the next few days, before testing new support at higher levels.
Read Full Ethereum Price Analysis and Prediction: Cryptomode
ETH/BTC Chart Looks BearishThe ETH/BTC Chart has formed a massive Descending Triangle, a bearish break of this pattern would signify a potential big move down vs Bitcoin. However, I wouldn't be surprised to see a bounce here at the lows either. It is interesting to see that the ETH/USD chart is still looking strong, it could be signaling another big move up in the Bitcoin price while alts continue to under perform.
ETH SCENARIO UPDATE (3) 170$ !Traders,
Here we have ETHUSD 1D chart.
After reaching our target perfectly from last update we need to take a breathe with ethereum and correction or pullback or call it as you want.
By watching the same previous levels to correct we will notice a left shoulder is formed before and now we are in the right shoulder, so we need to reach 170$ levels to confirm the pattern H&S which will be perfect to launch a rocket again to new levels will know about it after forming this one here.
Hit like if you appreciate this updates.
Kindly check main idea about Dow Explaining Everything in this chart here below:
and last update about 256$ target which is perfectly reached
Regards,
Mohsen
ETH RISING WEDGE 845$ !!Traders,
Here we have ETHUSD 1D chart.
The rising and falling wedge patterns are similar in nature to that of the pattern that we use with our breakout strategy. However because these wedges are directional and thus carry a bullish or bearish connotation.
Here with EThereum we have a perfect wedge, but we have many important points to discuss:
1-vol makes anybody be confused to believe it or not especially that we had many many ico scams for ETH nowadays.
2-Retesting may lead us to form a bearish H&S that will lead us to lower low again.
3- VP created a strong resistance equals the biggest one on POC point.
4-After touching 200$ level we need to look sharply to watch any hooks that will lead to a Perfect Breakout stops at 1st red box and catch the retest from there.
5-Again catch the retest of the wedge not the break point.
This chart made me remembering this idea:
Regards,
Mohsen