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Ethshort

ETHUSD Waves Analysis Bearish Impulse wave up that finished on 11th November 2021. Followed by an ABC correction. Where wave (A) finished and we now either in correction (B) or we started the wave C of the correction. So even though we can count this minor abc correction in wave (B). it does not mean it is finished. Waves B can take the form of complex corrections wxy. So how do we know if wave (B) intermediate it is finished if it crosses the paralel channel make it official wave (C). Supporting indicators RSI -turning down below 50 MACD - Turning below centre line Targets going forward 1. Target nr 1 $1400 region if it bounces back correction might not be over yet wave (B) 2. Target nr 2 $874 end of wave 5 of (A) 3. Target nr 3 price target $ 458 -480 region based on symmetrical channel and a few Fibonacci Ratios.
BITSTAMP:ETHUSDShort
by WavesInvesting
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) moved marginally higher, however, it continued to trade below 1,800. ETH/USD jumped to a high of 1,757.89 earlier in today’s session, which comes a day after the price was at a bottom of 1,723.09. The latest surge came as bulls took charge at a floor of 1,730, with the RSI bouncing from a floor of its own at 38.00. price strength is tracking at 39.33, with the next visible point of resistance being 43.00. Should the index move beyond the aforementioned ceiling, there is a strong possibility that ETH will climb to 1,800. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
1
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH), which dropped below the 1,800 level to start the weekend. After climbing to a peak of 1,861.14 on Friday, ETH/USD slipped to a bottom of 1,721 earlier in today’s session. The move saw ethereum plunge to its weakest point since late April, breaking out of a floor at 1,730. As a result of this shift in market momentum, the RSI also tailed off, dropping to its lowest level since March. The index is currently at a reading below 40.00, close to oversold territory, and could act as a slight positive for bulls. If the price becomes more oversold, there is a good chance that longer-term bulls could move to buy the dip. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) edged lower in today’s session, a day after prices neared a breakout above the 1,900 level. Following a high of 1,896 on Wednesday, ETH/USD dropped to an intraday low of 1,822.30. ethereum moved below a key support point of 1,830, before bulls moved to stabilize this level. it appears that bulls decided to reenter the market as the RSI found its own floor at 47.00. Currently, the index is at a reading of 48.52, which is marginally below a ceiling at 49.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3
Bearish Outlook on ETHIntroduction : Ethereum (ETH) has been showing signs of potential weakness that could provide a viable shorting opportunity. This analysis focuses on the possibility of ETH breaking below the opening level of May, which could signal a bearish trend. Analysis : May Opening Level: The opening price of ETH in May has proven to be a significant support level. If this level breaks, it could indicate a stronger bearish momentum and potential short entry point. Increasing Selling Pressure: Look for an increase in selling volume as ETH approaches the May opening level. This could provide additional confirmation of bearish sentiment in the market. Bearish Divergence on RSI: The Relative Strength Index (RSI) is a powerful tool for identifying potential reversals. If ETH shows lower highs on the RSI while price records higher highs, this bearish divergence could indicate that the bullish momentum is weakening. MACD Crossover: A bearish crossover on the Moving Average Convergence Divergence (MACD) could provide additional evidence of a potential downturn. Conclusion : The potential break of the May opening level could signal a shorting opportunity on Ethereum. It's crucial to wait for confirmation such as a close below the May open on a daily or weekly timeframe, which could confirm bearish sentiment. Trade Idea : Consider entering a short position if the May opening level is broken and confirmed with a daily or weekly candle close beneath it. A stop loss could be placed above the broken support level (which could act as a new resistance) to manage risk. The first target for the short position could be the next significant support level. Remember, trading involves risks. This analysis is intended to provide a perspective based on technical indicators and should not be taken as financial advice. Always conduct your own research and consider your risk tolerance before making any trading decisions.
Short
by sahbil
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) was also a victim of the recent storm surrounding the market, with prices dropping below 1,800. Following a high at 1,870.82 to start the week, ETH/USD slipped to an intraday low of 1,780.21 earlier today. the decline in ETH was relatively muted, with prices hitting a ten-day low. ethereum is now down by 6% in the last seven days, while Bitcoin has lost over 8% of its value within that same period. Ethereum’s RSI reading currently sits close to a support point at 42.00. bulls have moved to buy the earlier dip, with ETH now trading at 1,814.38. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
Technical analysis of the ETH contractTime flies, the new week has begun, review the overall trend of last week, the daily level even negative down, the overall magnitude is not large, the weekend small level even positive rise, but did not break high upwards, and the current trend, our thoughts remain unchanged, need to focus on two issues. First: the price broke high, then the front of our expected shock down or will form a shock trend; second: is the price of the second pressure retreat, this week's continuity is the focus, the outbreak of the market may be extravagant not. These are the two points that we need to focus on at the moment. Last week's high short ideas remain unchanged, 1890/1910 this interval to choose any position high short can be. Defensive tape 1920.
by sooyeon520
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also suffered from the day’s volatility, with prices again moving below 1,900. ETH/USD dropped to a bottom at 1,864.17 to start the week, a day after trading at 1,912.21. The decline is the third day the world’s second-largest cryptocurrency has fallen lower. Should bears continue to control market sentiment, ETH will likely hit a floor at the 1,830 level. Price strength is currently at a reading of 51.57, with a point of support close, at the 51.00 zone. If this level is broken, there will likely be an influx of bearish activity. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
Ethereum continues to hold back the bulls.Ethereum - 24h expiry - We look to Sell at 1904 (stop at 1954) 1905 continues to hold back the bulls. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. We look to trade the current range. Our profit targets will be 1784 and 1764 Resistance: 1880 / 1900 / 1925 Support: 1860 / 1840 / 1820 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDShort
by VantageMarkets
BTC, ETH: 🌥️ XRP: 🌴 Brace for Correction?Cloudy weather with some sun – a slightly bearish market with downside risk – lies ahead for the global crypto market, including Bitcoin and Ethereum, in the next 24 hours. 🌥️ But fear not! Over the one-week horizon, the trend points to a slightly bullish market with upside potential for the crypto market. 🚀 Now, let's talk about XRP - an extended bull market with an imminent market correction likely. 🌴📉 XRP has rallied 14 percent in the past month when its competitors traded in negative territory on the XRP community’s hopes of an imminent court decision in its favor in the US. Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
BITSTAMP:BTCUSDShort
by ATTMO
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
BITSTAMP:ETHUSD
by CryptoSanders9563
4
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.
Long
by TheNewsCrypto
39
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
COINBASE:ETHUSDShort
by Cleerboy
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.
Short
by NewThoughtCrypto
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
by CryptoSanders9563