Ethtrading
Ethereum mid-week swingAs we bounced off this resistance we had a pullback but we should see another push to break the resistance.
If we are able to break above the resistance we should see a retest then could be on our way too $3,500 towards the end of the week.
On the other hand, if we get a sell-off we may retest the bottom trend line, retest the upper resistance then could see a pullback too the $3,100 range which would send us into a Consolidation phase this week.
ETH ready for $34KWe just broke above the Bearish trendline with a slight retest, next we may see a push towards $34K as we go through the weekend. Also taking a look at the RSI it indicates we've touched a nice trend line here which could send us on an Uptrend.
If we do hit the above resistance at $3,315 we could hit a reversal & fall back too $3,110 which would fall to the top of the previous Bearish trendline which we just broke above.
ETH too $3,200 heading into FridayWe are currently in a strong resistance line & what we see unfold tonight will be a strong indicator of how our Friday morning will go.
If we are able to break through this resistance we may be around $3,200 heading into Friday morning, but if we do test this resistance then fall below it we would see a retest followed by more consolidation on Friday.
EthereumJun to July and August 1 week been still in long term range (sideways)
Probability of going up depends bon how the marked zone act and holds
If it holds this could good swing trade
ETHUSDT (1H CHART) Flag PatternETHUSDT (1H CHART) Technical Analysis Update
ETH/USDT currently trading at $1934
Buy-level: Above $1950 (Buy after breakout)
Stop loss: Below $1880
Target 1: $1978
Target 2: $2031
Target 3: $2141
Target 4: $2219
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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ETHUSD Trending Inside The Bull FlagHello everyone, if you like the idea, you can support with a like and a follow.
We are trending inside a bull flag, waiting to break out to hit the top of the big ascending channel that we are in.
For the short term most probably we will see a retest of the broken trend line (yellow line).
When the bull flag breaks:
To the upside, the target is 2275$
To the downside, the target is 1800$
And don't forget protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !
ETH/USDT - Bullish W pattern. What will be next?Trend analysis:
- As you can see from the ETH/USDT daily chart, we are currently on the bullish movement because of bullish W pattern (Ellipse on the chart), which created good start and opportunity for testing new price highs. Price of Ethereum is moving upside for testing resistance level (Price zone: 1817). As a trader, I would recommend you to put short-term buy position to resistance level for making some profit and after it leave the market. After it we need to be prepared for looking correct signal for long position.
Chart pattern:
- Bullish W pattern (functioning)
Technical indicators:
- RSI: There is no overheat on daily chart (Neutral)
- MACD: MAs are prepared for up movement + get closer to each other (Bull signal)
- BB: Volatility increased after range movement (Bull signal in long term)
- MA (10,20): MA10 is going rapidly upward then MA20 (Bull signal)
= Bull movement in long term
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P.S.: Information provided is only educational and should not be used to take action in the market.
ETH will explode $550K in June 2022Based on my cyclic harmonic calculations, ETH can explode $550 K in June 2022...
This is not only because June is the month of my birth and I'm bullish on ETH, also, because ETH has this potential to gain this value...
Beside this Technical Analysis, Fundamental analysis confirms this potential...
At that time, also, ETH 2.0 will have a major progress...
Who knows? Let's wait and see the result of this idea at that time... ;)
I'll be happy and thank you if you share your thoughts and comment it below...
Another Technical Analysis class!Hello investors! So, the volatility increased a lot here on ETH recently! Let’s see what the chart tells us now. But first, if you missed my last ETH analysis the link to it is below and remember to follow me to keep updated about our trades and analyses!
Now, let’s continue our studies from where we stopped yesterday. I warned you guys about this inverted H&S pattern and I firmly believed that this was what ETH needed to hit its main goal, the blue line at $ 252. This scenario was accomplished with astonishing precision , and it left a Harami after it did what seems to be an exhaustion bar .
But the technical analysis class is not over yet, ETH has more to teach us. After today’s crash, ETH found a support at the pink line, and we need to zoom out to the daily chart to see why this pink line is here:
Oh, ok, so the pink line at $ 227 is a previous top, which is now a natural support for the price. Even the $ 252 was not a random target defined by me. No, it’s the market that always tells us what to do, and the $ 252 is just another one of its previous tops.
We are still in a bull trend , as ETH is trading above the pink and yellow lines, above the 21 ema (which is pointing up), and above the purple trendline. As usual from bull trends, any pullback to one of its supports should be considered opportunities to buy . This recent increase in volatility don’t scary anyone here, and a well-prepared trader should study the chart very well, so one can see the opportunity during turbulent times.
Nothing changes for now, but since ETH just hit our target, we can expect some pullback. It would be natural, and a desirable movement, to attract new buyers and give the price more strength to keep going up .
Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
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An impressive move!Hello investors! We discussed a lot last week about how the trend is very bullish here, and I said the $ 252 was a very optimistic, but realistic target to aim. When ETH was around $ 200 some thought I was too optimistic, I even heard people calling for short trades, but now $ 252 don’t seem unrealistic, right?
Also, remember to follow me to keep in touch with my analyses.
Now we see an inverted H&S pattern here, with a neckline around $ 242. If triggered, is very likely ETH will hit the $ 252 again. Let’s take a look at the daily chart, for a better perspective:
The volume is starting to finally increase, and it’s trading above all its supports, namely the pink and yellow lines, the 21 ema and the purple trendline. Everything seems very bullish from here too ! And what’s more interesting, a pullback wouldn’t be scary at all, and I can see the price dropping all the way back to the 21 ema or the trendline without ruining the bull trend. The $ 252 is our main challenge here. Now, there’s an interesting thing on the weekly chart:
ETH is trading above the 21 ema and the 61.8% fib retracement, and more important, it triggered a pivot last week. For the long run, we can set a target at $ 290 for ETH! But, for now, let’s focus on our first challenge, ok? Road to $ 252!
Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Something GOOD is going on here!And the bull trend continues! I said in my last analysis that the bulls are very strong here, and they keep seeking for previous resistances to break. If you missed my previous analysis, the link to it is below, as usual, and I invite you to follow me to keep in touch.
Now ETH is finally trading above the yellow line, and it seems it is going to hit the pink line at $ 227. Let’s see the daily chart for a better view:
Yes, things seem very bullish from here too. ETH respected the purple trendline, resumed the bullish trend after it moved sideways for a while, and now it’s triggering a pivot, and is also trading above the yellow line we mentioned earlier, and is trading above the 21 ema. A lot of bullish signs here!
Even the volume, which was bugging me, seems to be increasing now, as the trend resumes. In the end, ETH is still more bullish than bearish in my view, but we can’t discard completely the possibility of some pullback ahead (maybe to the yellow line again), and it would be a natural and acceptable move, so ETH can gather the strength to hit the $ 252 again.
Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
ETH - Will the bulls resume the trend?There’s a strong bull trend going on here on ETH, and as I said in my last analysis, it is seeking for its resistances. In fact, it struggled a little to breakout from this pink line, and it almost ignored the green line at the $210. Also, if you missed my last ETH analysis, the link to it is below, as always, and you are invited to follow me to keep in touch.
We see a good bullish candlestick pattern evidenced in the chart, a Piercing Line pattern, just above its previous support (blue line), and the green candle closed above the 21 ema. Now ETH found another resistance at the orange line ($ 215), and a pullback would be desirable. Now, the daily chart:
Recently ETH respected its supports, which is very good, and now is just under another resistance at the orange line. The good news is that the next resistances are quite distant, so a long trade has a better risk/reward relationship than a bearish trade, in my opinion. Other than the orange line, there’s the thin pink line and the next one is the light blue line at the $ 252, an impressive, but realistic target to aim.
Remember, we are still in the middle of a consolidation, but just like BTC, my view is that the bulls have the advantage here, but not by that much, the low volume still bugs me.
Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
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ETH - I'll complain more from now.Once again, just when I said the bulls should react quickly, they do an impressive movement! It seems that complaining works! If you missed my last ETH analysis, the link to it is below. The red line and the dashed purple trendline truly supported the price as we discussed yesterday, and ETH defeated the black line with little effort, and completely ignored the blue line.
Now these lines are supports , as the 21 ema. Now it’s searching for new resistances, like the pink line or the green line near $210. Let’s look at the daily chart:
Yes, ETH is going up, and this is a good sign, but technically we are still in the middle of a consolidation , even the 21 ema is flat in the daily chart. The good news is that the trendline really seems to be a support. In my view, ETH is more bullish than bearish, but I wouldn’t buy it right now.
Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *