ETH 90% Downtrend What if we are just in Eth denial phase, in the middle of a massive downtrend?
At the moment Eth seems to be drawing an huge bear flag.
Still remember last bear market a fall from 1500 to 75 dollars. 90% drop.
Why would it be different now?
ETH Foundation sold 15.000 ETH this month and they normally sell it at local tops.
It looks like 3 digits on the horizon.
Good luck!
Ethshort
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also moved higher in today’s session, climbing closer to the 1,900 level in the process.
ETH/USD jumped to an intraday high at 1,896.62 earlier in the day, less than 24 hours after hitting a low of 1,851.96.
Friday’s rally saw the world’s second-largest cryptocurrency end a two-day downturn, following a bounce from a floor of 1,830 on Thursday.
a bounce on the RSI also took place, with price strength jumping from support at 51.00.
The next visible point of resistance now appears to be at 59.00, and should ETH reach this point, the price will be closer to $1,930.
ethereum is trading at 1,903.49.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Unveiling the Market Cycle of Ethereum (ETH)
Pattern Structure:
ETH is currently displaying three distinct phases of the market cycle: contraction, expansion, and the ongoing mark-up phase. This indicates a bullish area in the market. Understanding these phases can help traders anticipate potential price movements and position themselves accordingly.
Probability of Move:
Considering the completion of the contraction and expansion phases, the current mark-up phase suggests a higher probability of a bullish continuation. Traders should carefully analyze price action and other supporting indicators to validate this probability and make informed trading decisions.
Trade Setup:
Entry Level: The recommended entry level for ETH is $1830.
Target: The target for this trade is set at $1932.
Stop Loss: To manage risk, a stop loss level of $1820 is suggested.
Looking to short ETH before NFPWe are seeing a switch in daily and 4h trend to bearish so we have been waiting to take shorts since the start of May, but we had no confirmations on LTF and a valid setup to short this one
today we saw a good setup on 4h and 15m so we looking to take shorts on LTF, which is 3m in this case
Even tho NFP is in 2 hours and we know that price might shoot up bcs it seems that Unemployment is going higher again, so in theory XXXUSD pairs would go up but know knows...
we just want to enter and exit before NFP if we can make small profit since this is a nice setup
1D
4h
1h
15m
5m
Is ETH About to Breakout?The short and long of it is: Probably not.
Current Situation:
• Admittedly, ETH looks somewhat better than Bitcoin. However, if you are not long from the range lows, now is definitely not the time to long.
• ETH has been in a range since May 8th. During the month of May ETH tried to break out of the range three times (including today) without success.
• Common sense trading dictates that you short resistance and long support.
• Do not let FOMO rule your decision-making process. Let PA show you if this breakout attempt is real.
• If ETH breaks the range high (1886) and tests it as support, we can look for a long entry, for now ETH is a short opportunity.
• Please read my linked idea about BTC, because a lot what I wrote there is also relevant for ETH.
• Be carful with your SL placement. Not too tight, because ETH’s MM’s send nasty wicks up and down to stop traders before making a move.
• It may be best to wait for the volatility of the weekly close before entering the trade. Depends on your confidence and trading style.
• Look for a rejection candle and/or bearish Divergences before taking the trade.
Trade Idea:
• Entry: 1867.
• SL: 1886.
• Targets:
TP1: 1757 (Previous low).
TP2: 1735 (Range low).
TP3: 1712 (0.5 fib).
NFA.
Feedback will be appreciated.
Best wishes to all.
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was marginally lower today, however, it managed to remain above the 1,800 level.
Following a high of 1,887.71 on Thursday, ETH/USD declined to an intraday bottom at 1,846.23 earlier in the day.
The move saw ethereum edge towards a key price floor at 1,830, however, bulls have so far resisted this collision.
ETH has now fallen for a fourth straight day, with the catalyst being a failed break out of a ceiling at 1,930.
the RSI is now at a reading of 51.54, after failing to move past its own resistance at 59.00.
ETH has rebounded from its previous low and is now trading at 1,862.93.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) dropped below 1,900 in today’s session, as bulls retreated from a recent multi-week high.
ETH/USD sunk to a bottom at 1,860.37 earlier in today’s session, which comes after a peak of 1,914.85 the day prior.
the shift in momentum has led to ethereum moving away from a recent high of 1,928, which was the strongest point price had hit since May 8. Failure to move past a resistance level of 1,930 can be partially blamed for the change in direction.
bears now seem to be set on taking the price to a support point at 1,830, with the RSI hunting for a floor of its own.
The index is now tracking at 52.60, with the next visible floor potentially at 49.00.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH/USDTThe price moved towards the POI area after the cash collection and then moved lower after reaching the $1920 area. In the coming days and next week, the target price will reach 1830, 1740 and 1690 dollars.
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 ONDANAFX : @ONDANAFX
📅 06.01.2023
⚠️(DYOR)
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was relatively more stable during today's session, remaining above 1,900 for the majority of the day.
Following a low of 1,879.08 on Tuesday, ETH/USD raced to an intraday high of 1,916.57, as the session matured.
this move saw ethereum continue to track close to its strongest point since May 8.
An upward crossover of the 10-day (red) and 25-day (blue) moving averages has already occurred, which could likely entice further bulls to reenter the market.
In the event this happens, a ceiling at 1,930 will be one of the last points of resistance preventing a move above 2,000
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also increased on Monday, climbing above the 1,900 level.
ETH/USD jumped to an intraday high of $1,926.42 earlier in the day, following a low of $1,839.13 the day prior.
This surge led to the world’s second-largest cryptocurrency hitting a three-week high.
today’s surge came as the 10-day (red) moving average crossed over its 25-day (blue) counterpart.
If this trend continues, there is a strong chance that ethereum could move closer to $2,000 in the upcoming week.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also moved higher on Saturday, remaining above the 1,800 level.
Following a low of 1,810.37 on Friday, ETH/USD managed to hit an intraday high of 1,837.87 earlier in the day.
This surge led to the world’s second-largest cryptocurrency breaking out of its recent ceiling of 1,830.
as the day has progressed, earlier gains have somewhat fallen, with ETH now trading at 1,828.18.
It appears that market uncertainty has also risen, as the RSI neared a ceiling of its own at the 49.00 mark.
Price strength is now tracking at 48.75, and should it break out of this point, then there could be further highs from ETH this weekend.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Can ETH skyrocket by breaching this level for an astounding 50% Guys, we're looking at a big move up ahead. Here's why it's likely to break this level:
>Notice the Green boxed candle. It often signals a change of character (here in the upward trend), suggesting this level will be surpassed soon.
>When a 10-day green candle closes above the level (R1), expect a 50% price increase. Set your stop loss at the light blue box.
>Even if the price temporarily drops, lower time frames confirm a potential move to the DARK blue level. Keep a tight stop loss (above the R1) and aim for a 31% decline.
Remember, your input is valuable in the comments. Let's discuss and share our thoughts.
Good luck!
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also declined for the second session in a row, falling below the 1,800 level in the process.
After hitting a high of 1,817.97 ETH/USD reached a low of 1,763.37 today.
The move dropped Ethereum from its own support point at 1,790, hitting a two-week low in the process.
the earlier decline has eased somewhat, as the floor at 43.00 on the RSI has helped stop the bleeding.
Despite the decline, the 10-day (red), and 25-day (blue) moving averages are now nearing a crossover, which could signal a price reversal.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC ⛈️ ETH ⛈️ Will ADA Soar Despite the Storm? 🌩️🚀🤔Stormy weather ahead on the global crypto market. ⛈️ This translates into a very bearish market with some downside risk for cryptocurrencies like Bitcoin, Ethereum, Binance Coin, and Polkadot. The weather is, however, 🌴 tropical – very bullish with some upside potential – for Cardano today.
Over a one-week horizon, ☁️ cloudy weather with some ☀️ sun is likely for Bitcoin, signaling a slightly bearish market with downside risk. The outlook is a bit brighter for Ethereum, Ripple, Cardano, and Dogecoin, where ATTMO signals a slightly bullish mood with 🚀 upside potential.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
ETH SETUP"Support levels are indicated in green, from weakest to strongest at the bottom, and resistance levels are also indicated from weakest to strongest. You can enter buy and sell trades based on them."
Please note that support and resistance levels are commonly used in technical analysis to identify potential levels at which the price of a financial instrument may reverse or encounter obstacles. Traders and analysts use these levels to make informed decisions about entering or exiting trades.