ETHUSD ShortWith BTC struggling to get back over 40k we can assume that Eth is not far behind failing to reclaim 3k territory Eth will be pushed lower and lower as BTC continues to fail its 40k reclaim. Sell pressure on BTCUSD is low around 35k but high at 40k, Being in the realm of 38-39k this would be the upper price channel. If btc fails at these levels we can assume with nearly a 100% confidence that ETH will fallow against the dollar. Setting up a short trade here while BTC is in the upper channel would be good idea. By March 15th assuming the BTCUSD wedge is correct we should see lower 34k levels and maybe lower. Meaning scrape the first short and get ready for another by March 15th as it will most likely break a day or two before hand. This trade should be valid as long as we do not break the EMAs which would cause a divergence thus the SL at those levels.
"Why use USD settlement layer while I can use fake internet money settlement layers"
-KewlKat
Ethshort
ETH/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT Just as I have seen BTC making a 1hour inverse head and shoulders, I think eth /USDT is also making a 1-hour inverse head and shoulders and that means dumps will happen once and as we mentioned in bitcoin. have done
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
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.
ETHERIUM 4HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 1 Uptrend in green color (Long Term Uptrend)
We have 2 Downtrend in red color (Internal and Long Term.
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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ETHUSDT : Bear WeekHi guys .
#eth #ethusdt
Let's stand on Banks and Institution and Market Makers shoulders :)
our context for next week is bearish and we gonna use green dudes for Sell Short !
I'm learning some huge datas and informations that you can't find on Youtube jerks or bullcrap instagram show off dudes... :) let's think special
Throw out jerky Oscillators and Trends and blah blah blah
Ethereum sell the trend of lower highs.Ethereum - Intraday - We look to Sell at 3248 (stop at 3321)
Daily signals are mildly bearish.
The trend of lower highs is located at 3250.
3284 has been pivotal.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 3051 and 3001
Resistance: 3150 / 3200 / 3280
Support: 3050 / 3000 / 2900
Eth shortQuick EthUsd Short, setting up for a pull up for an entry at 2950, target 2520. The RSI shows some push back on the downward trend though that just means there will be a delay before the drop. Allowing us to open shorts up at 2950 before the price bottoms out at 2520. Be Patient these markets are chopping and difficult to read. Around Feb 17th I would say we will see sellers over take the buyers based on the cloud remember we are still under the cloud meaning the trend on the daily is still bearish. The conversion line popped the base line meaning and comfirming there will be some upward momentum until the 17th, when we get to the cloud though I will assume it going to get pushed down. The yellow line indicates where you will want your stop to be based off the conversion line now that we are below the conversion line.
Happy Traiding,
"Where'd my wife go?"
-KewlKat
ETHUSDTPERP: Head & Shoulders PatternHello, traders.
I'm gonna talk with you guys about ethereum short strategy.
Partitial take profit @ 2925
-POC
-Falling wedge upper trendline
-fib 38.2%
Partitial take profit @ 2845
-POC
-Falling wedge upper trendline
-fib 38.2%
Partitial take profit @ 2770
-Neck line range
-Prior order block
-Trend-based fib extension 2.0
Ethereum Sell a break setup.Ethereum - Intraday - We look to Sell a break of 2948 (stop at 3033)
Daily signals are bearish. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Short term MACD has turned negative.
Bias is mildly bearish today but we need to see a break of 2950 to confirm the downward pressure.
Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment.
Our profit targets will be 2721 and 2641
Resistance: 3100 / 3200 / 3300
Support: 3000 / 2900 / 2800
ETH Overbought - Corrective WaveCrypto markets have seen a nice pump in the past week, but ETH is currently overbought on RSI at the 6H, 4H, 2H and 1H, and has bumped heads with the long downward trendline originating at the start of December.
Medium term this may be the start of a big reversal that sees us heading back up, but in the short term I expect we will see this trendline acting as resistance and ETH to take a breather, stepping back to the 2750-2800 level, which sits between the 0.236 and 0.382 Fib levels.
ETH Sell a break setup.Ethereum - Intraday - We look to Sell a break of 2698 (stop at 2786)
Daily signals are bullish.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A break of the recent low at 2720 should result in a further move lower.
Bespoke support is located at 2700.
The trend of higher lows is located at 2450.
Our profit targets will be 2464 and 2374
Resistance: 2800 / 2900 / 3000
Support: 2700 / 2600 / 2500
ETH Sell into a rally.Ethereum - Intraday - We look to Sell at 2536 (stop at 2622)
Daily signals are bullish.
There is no indication that the selloff is coming to an end.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
50 4hour EMA is at 2573.
Our profit targets will be 2302 and 2222
Resistance: 2400 / 2500 / 2600
Support: 2300 / 2160 / 2000
Ethereum sell the trend of lower highs.Ethereum - Intraday - We look to Sell at 2519 (stop at 2588)
Daily signals are bearish.
We are trading at oversold extremes.
Prices expected to stall near trend line resistance.
The trend of lower highs is located at 2520.
Our profit targets will be 2331 and 2271
Resistance: 2500 / 2550 / 2700
Support: 2380 / 2300 / 2160
ETH /USDT (Interval 1D)ETH broke out from rounding top pattern on a daily chart, I have marked the target of rounding top pattern which is $1248. This pattern can possibly play out with a flash wick down to this level. Another interesting thing to notice is that soon we will see death cross, Last death cross on ETH happened on Sept 2019 which lasted for over 4 months. ETH is barley holding $2480 support and as we all know supports turn to resistances in bearish trend so less likely ETH will hold. If you want to buy eth, Place ladder down buy orders to accumulate.
ETHBTC reaching possible top for this move | ETHBTC SHORTThis is idea of possible 3th wave top, where we can maybe see B for running flat before drop to C target. Drop to C of possible extended flat will invalidated this 12345 move if enter in zone of second wave. Also break above target for B wave will consider for new alternate count. Here couple extra screenshots what support this idea.
On monthly chart like you see that B target is between two wicks (possible resistance).
On weekly chart you can see clear where is all that zone.
Also on daily chart we can see that B target can be PRZ for Type II harmonics.
ibb.co
ibb.co
ETHEREUM IN COMPLEX CORRECTION ? Following is ETHEREUM analysis
1) The major five-wave Elliott wave coming from 2017 ended MAy 2021
2) Wave 2 corrected W1 by almost 85-90%
3) W3 started and had a good 161% fib extension of W1 to 2599
4) W4 is simple correction and retraced only 23% as W2 had a deep correction
5) W5 ended at 4367
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A-B-C corection
In a complex A-B-C correction
W(A) is a 3 wave
W(B) is a 3 wave structure and usually ends above W5
Wave(C) is a 5 wave and drastically drops to the start of W(B)
I hope to be wrong but lets see what happens in the next few days
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(Or)
Maybe Wave 3 can be where w(5) ended and we are in a W(4) correction phase and once thats completed we go on W(5)
Love your feedback - happy trading