Ethshort
Macro Topping Structure For Ethereum Starting To Unfold hey everyone,
A 2nd bearish divergence has printed a strong TP for Ethereum at this current high. In 2 days we get a weekly candle close and if it's a bearish engulfing that will create added pressure for the bulls as bears will be more enticed to bring price lower.
In cohesion with the Elliott Wave count on ETH we can see this as a valid 5th wave double top pattern.
The question for the correction we just started is this...
Is it a wave 2 for continued upside and we can treat this like the start of the 5th to take us to 10-13k
OR
Are we about to correct this entire structure that the 5th wave is ending, which means consolidation of a 4th wave between 4k and 1,800 or will we sweep the lows towards 1,300 to 1k.
I shared a video tutorial on y.t. for eth that walks through the 4hr and daily tf to give justification that this first drop we just had likely needs another leg to it, this is my bias.
Bulls will need to make this an abc zigzag and bears will likely want to make it impulsive.
For me, this signals is a weekly take profit signal following the NewWave System as weekly tf corrections can be quite drastic.
For me, Elliott Wave allows me to see ALL the ways the market can move (some of which I don't show in this chart) so that I can have a plan of action if the market moves against my bias and I can react intelligently and emotionlessly.
IF you're interested in seeing the market this way and desire a low-risk systematic way of trading that generates consistency then checkout my signature links below.
Let me know in the comments which count you're bias to?
Short opportunity for ETHFirst of all, I should point this out. I am a trader who does not like short trading very much. However, when we consider the continuation of the bear market, there is a serious short opportunity here. The monthly W retest level is $2159. Entry, targets and stop points are on the chart. While all my long transactions are open at the moment, I wanted to share a possible opportunity with you.
#ETH/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE !!
ETH broke the local support and as expected dumped towards the $1600 support area. This is the key level to hold otherwise we see a heavy sell-off in the market. The next major support is the $1400-$1450 and Ethereum resistance area $1731 -$1832
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
Pinbar candle on demand zone?ETH 4h chartSo previous idea on ETH went perfect! (Check it if you haven’t seen it yet)
Following the analysis,we notice a pinbar candle on 4H ETH chart on demand zone which could lead to higher prices.but since the ascending wedge I told you about it the previous idea broke down,every upside is considered a pullback and an opportunity to sell or short.good luck all!
#ETH/USDT 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE !!
ETH/USDT rising wadge channel is broken and support 100MA is likely to bounce back ETH /USDT
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#WEEKLY UPDATE ETH/USDHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USD UPDATE!
ETH Weekly Update Me ETH is trading above 200 MA we can do that ETH holds 200 MA support but RSI is showing SUPPORT for ETH if ETH can bounce from here and altcoin can bounce fast.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
ETHUSDT long and short trade planETHUSDT
Short term trade plan
Hidden bullish divergence on RSI 15m
ETH may take support from 1172 - 1140
Take long positions at support with b/o SL
Take profit at 1228 - 1220
ETHUSDT
Short term trade plan
Eth may give a fake out on trendline resistance area
it can see resistance at 1228 (take 1st short entry)
& 1277 (take second short entry) with b/o SL
take profit at 1172 and 1132
bearish HEAD & SHOULDER forming on ETH 1H chartas you can see,there is a head and shoulder reversal pattern forming on ETH.H&S breakout will be simultaneous with the ascending wedge breakout which will promise much lower prices.but for now 1720 would be a good target.good luck and remember always WAIT FOR CONFIRMATION.
ETH/USDT Two Short TriggersWhats Up Retail Whales 🐋
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
$ETH has deviated below $1905 creating a clean Break Of Structure and now there's a chance for bears to locate their Short with trigger scenarios :
- Pullback scenario: If ETH goes above $1920 for a mitigation of the 2Hr Whale Block, then we can locate our Short after it gets the closings below $1920 with a BOS,
- Rejection scenario: If ETH melts below our 1Hr Whale Block, then we can locate our Short with a LTF Whale Block Mitigation
Trade Invalidation above the current wick highs and TPs at potential reversal zones, liquidity zones and Imbalance fills.
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❗️Attention: this isn't financial advice we are just trying to help people with their vision.
HooRaa
ETH/USDI don't know... Ethereum looks really bad in my opinion.
If we do reach 150$ price, I'm looking to buy a big bag of it.
I still have some of my holdings in Ethereum but we need to face the reality that there is a possibility that we can fell all the way down to these levels which I'm predicting.
ALT coins usually drop more than 90% in bear markets. If Ethereum reach 100-200$ area this is 95-98% drop from it's all time high.
In previous bear market Etheruem dropped around 94% . I'm very cofident about that we will see Ethereum below 450$ very soon.
Stay safe, trade your analysis , do your own research and invest only how much you can afford to lose.
Nothing in this analysis is a financial advice.
#ETH/USDT 2Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE :-
ETH/USDT Breakout uper side and retest the green zone and bounce eth almost 12 % pump
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
#ETH/USDT 2Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE :-
As I told in the previous update, you can read further in ETH's it is going on
As we can see ETH performing extremely well and current about to face the major resistance level of $1770.
Some consolidation is expected below the resistance and break above is likely in upcoming days which will be bullish continuation signal and green signal to enter more ALT COINS.
Rejection from resistance level will lead ETH to drop down at lower support level again and will be the invalidation of this chat analysis.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.