Golden Ratio Zone | Long BiasOn Week Chart
GALA has been downing to Golden Ratio Zone and touch lower trend line of Fibo Channel
Wait it creates bottom and have some signals for reversal
Time will tell
Ethreum
ETH Analysis ETH still holding the Inducement (💎). But ETH showing some upside movements.
Because ETH countinuesly mitigating orderblock (a, b) to moving upside. The next one is Order block (c).
So ETH mitigate orderblock (c) to moving upside is possible. If order block (c) was fail, ETH moving downside.
And order block (1) was sell side order block. So maybe mitigating this order block to moving downside is possible.
Ethereum ETH price ready to move. ETH ETF soon ?In 2 months, the #ETHUSDT price rose from $3000 to $4000 and firmly established itself above $3400. Clearly according to the blue scenario 💙
+ the news background around the #ETH ETF is actively recovering that large funds are ready to buy, just "agree" and launch)
So let's try to assume that the next wave of #Ethereum price growth will be at least up to $5400
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ETHUSDTEthereum analysis
Weekly and daily time frame
Ethereum was bearish on the weekly supply area and bearish on the daily time frame. I expect the price to correct to the daily demand area and the weekly Medline trading range and then start to grow again.
Bitcoin Update 18 June 2024Hello Traders,
Bitcoin is taking support in our given zone from last few days. Also today it took support of EMA 100 (Daily TF).
Checkout the latest update in this video
200,000 ETH Options Expiry: The Perfect Time to Go LongHold onto your seats because we have some thrilling news coming your way! The Ethereum market is buzzing with excitement as we approach a massive 200,000 ETH options expiry. This is a pivotal moment that could send Ethereum's price soaring to new heights, and you won't want to miss out on the action!
As the expiry date looms, demand for Ethereum is already spiking. Traders across the globe are gearing up for what could be a monumental price movement. The big question on everyone's mind: How far can Ethereum's price go?
Here's why this could be a golden opportunity:
**High Demand:** The sheer volume of options set to expire is creating a frenzy of activity. More demand often translates to higher prices.
**Market Sentiment:** Positive sentiment around Ethereum and its future developments is stronger than ever. This is a prime time to capitalize on the bullish momentum.
**Technical Indicators:** Many technical analysts are pointing to bullish patterns that suggest a significant upward movement is on the horizon.
Now is the time to make your move and consider going long on Ethereum. The potential for substantial gains is within reach, and you don't want to be left on the sidelines.
Don't miss out on this electrifying opportunity. Get in on the action now and position yourself for potential significant returns. Let's ride this wave together!
Happy trading,
Remember, the early bird catches the worm! Make your move before the market reacts.
💎ETHUSD: FULL Multitimeframe analysis💎A lot of bullish confluence at the moment for ETH
☝️Do not act based on my analysis, do your own research!!
Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions.
⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
ETHUSD Pair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Break of Structure
Consolidation Phase in Short Time Frame
RSI - Divergence
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Demand Zone
ETH - 4H more correctionIn the 4-hour timeframe, Ethereum's recent upward movement was a classic pullback after failing to hold its previous support level. This pullback reached the resistance zone around $3,600, which acted as a significant barrier. Now, ETH is showing signs of weakening and is likely to continue its downward trajectory.
Expect Ethereum to target the next support levels around $3,310 and possibly $3,110, as indicated in the chart. These zones are crucial as they represent potential areas where buyers might step in.
PEPE SetupPEPE looks interesting for bids before FOMC. Perhaps we get a scam FOMC wick and then some recovery. PEPE lead the market out of its latest correction and we would expect it to continue to be an out-performer if the market sticks this move.
Our premium indicator is also printing a dark blue long candle on the daily (the candle hasn't closed yet), and the H4 trend is looking in good shape here.
ETHUSD BUY ETHUSD - LONG
Trade Reason :
1) 4 hr - Uptrend Market and Channel Bottom
2) 30 Min - Trend Reversed ..
Entry - 3808
Target 1 - 3864
Target 2 - Channel Top 3898
Stoploss - 3760
Happy Trading ...
READ TO GET LIQUIDATED?I am pretty sure your sentiment about Ethereum it's bullish. But are you really sure? I think that sooner or later that gap will get closed and longs are increasing. Is there something better than a flash dump to get some liquidity? $3.300/3.400 is the key level to monitor
Ethereum (ETH) Technical Analysis and Trade IdeaIn a recent rally, Ethereum demonstrated significant momentum. In our video analysis, we delve into potential long positions, contingent upon price meeting our entry criteria. Observing the 4-hour chart, we note a prior bearish trend that has now been disrupted by a bullish break in market structure. My bias leans toward a long position, but it remains subject to price action developments outlined in the video.
Disclaimer: This content is not financial advice.
BTC - 4H Valid Channel? My idea in commentBitcoin is rising within this ascending channel. Do you think it can reach the top of the channel? This could mean a new ATH around $75K! 🚀
What do Ethereum fans think ? TM : 1hHello dear traders. You can see two areas on the chart, you can enter the position depending on the sale and buy area. And I made a serious decision to share the important areas of my personal strategy for free if supported.
bitcoin is ???????Bitcoin continues to move sideways around the resistance area,Nothing has changed in the market yet and let see how the price reacts next week
thank you
Eth trade ideaI am bullish on Eth since last month as per my previous Ideas. Now again its forming a good entry for long. Below PDL (Previous Day Low). is liquidity trap zone and also equal lows. I am looking for that area zone to be filled then I will look for long trade. I took help by SMC indicator.
Ethereum Eyes $3800 as Weekly Wedge Breaks: Bulls Charge ForwardEthereum (ETH), the world's second-largest cryptocurrency by market capitalization, is signaling a potential breakout after a period of consolidation. This technical upswing comes after ETH/USD decisively broke out of a well-defined weekly wedge chart pattern, raising hopes of a surge towards $3800.
Understanding the Weekly Wedge Pattern
The wedge pattern is a common chart formation used by technical analysts to identify potential trend continuations or reversals. In a rising wedge, two converging trendlines, one acting as support and the other as resistance, form a triangle-like shape. This price action often indicates a period of consolidation before a breakout.
In the case of ETH/USD, the recent price movement formed a rising wedge on the weekly chart. The price action respected the trendlines for several weeks, suggesting indecision amongst buyers and sellers. However, a decisive break above the upper trendline signifies a potential bullish continuation.
Bullish Sentiment Emerges
The breakout from the wedge pattern is a bullish technical indicator for Ethereum. It suggests that buyers have finally overpowered sellers and are pushing the price higher. This could be the beginning of a new uptrend, with the upper target of the wedge around $3800 coming into focus.
Several factors could be contributing to the renewed bullish sentiment surrounding Ethereum. The successful completion of the Merge, transitioning Ethereum from a Proof-of-Work to a Proof-of-Stake consensus mechanism, could be a key driver. This upgrade is expected to improve scalability, security, and energy efficiency for the Ethereum network in the long run.
Indicators Support the Breakout
Technical indicators on the weekly chart are also aligning with the bullish breakout. The Relative Strength Index (RSI) is currently hovering around 60, indicating neither overbought nor oversold conditions, leaving room for further upside potential. Additionally, the Moving Average Convergence Divergence (MACD) has generated a bullish crossover, suggesting a potential shift in momentum towards the upside.
Potential Roadblocks and Considerations
While the technical indicators are flashing bullish signals, it's important to acknowledge potential roadblocks that could derail the ETH/USD rally. The overall health of the cryptocurrency market and broader economic conditions will significantly influence Ethereum's price movement.
A resurgence of regulatory scrutiny on the cryptocurrency industry or a broader market sell-off could lead to a pullback in ETH's price. Additionally, unforeseen technical challenges related to the Merge or delays in Ethereum's scaling roadmap could dampen investor sentiment.
What to Watch Out For
Traders and investors should closely monitor key price levels and technical indicators to gauge the strength of the breakout. If ETH/USD can hold above the broken resistance line of the wedge pattern, it would be a positive sign for the bulls. Conversely, a drop back below the trendline could signal a potential breakdown and a return to the consolidation phase.
The trading volume associated with the breakout will also be crucial to watch. High volume breakouts are generally considered more reliable than those with lower volume, as they indicate stronger conviction from buyers.
Conclusion
The breakout of ETH/USD from the weekly wedge pattern is a welcome development for bulls. While the upper target of $3800 remains in sight, continued investor confidence, healthy market conditions, and successful implementation of Ethereum's roadmap will be essential for the bulls to maintain control. As always, proper risk management and close monitoring of technical indicators are crucial for navigating the ever-volatile cryptocurrency market.
Ethereum downside or breakout?Watching Ethereum (ETH) closely after it reached a high of $3,040 on a 4-hour timeframe chart today.
If support at $2,923 crumbles. A break below this level could send ETH down to $2,874.
However, there's also a chance for a breakout on the upside. If Ethereum can overcome resistance at $3,100, it could surge towards $3,160 or even $3,200.
ETH Short on 15m. Head & shoulderNice Head & shoulder formed on on ETH
We also have a divergence with BTC where ETH made a lower higher and BTC made a higher high
The thing is BTC has just grabbed liquidity and is heading to the downside now.
Target the distance of the H&S to the downside which align to a strong supply zone
ETHUSD. Short-termShort-term targets are at $4168, if we see a price drop to $3517, the low of wave 4, this forecast will change. More discussions on cryptocurrencies in the closed channel.
