A small dip in ETHEREUM and the a rally towards 3000!!The crypto is seen making impulse waves from June 2022 and has completed a structure of 1-2-I-II till now, meaning it completed the wave II of 3 and started off in the wave III of 3.
The recent oct 2023 rally is the first leg to the bigger III wave that is forming.
It would be a wise to wait for a meaningful retracement to this oct wave for a good entry. The 50% retracement of wave i of wave III of wave 3(i.e. current oct rally) is at 1687 and 61.8% retracement is at 1646. The B wave dip can take the crypto to these levels and that should be considered a good entry to go long towards 3K mark.
Note*- this post is for educational purpose only
Ethusdanalysis
False breakout in ETH? Time to analyzeDear traders, Ethereum broke out of the 1750 resistance level on
24 October. However, we are seeing the absence of a follow-through
here.
If you notice the last few daily candlesticks, you can see some long wicks
at the top of each candlestick. This indicates that we might have had
a false breakout. If ETH falls back below 1750, expect another drop
to 1540 soon.
ETHUSD 4H : Still bullish ETHUSD
New forecast
Ethereum price trades bounce back downward to conduct some bearish intraday correction, noting that the price is significantly gathering positive momentum, waiting for the price to be stimulated to resume the expected upward trend for the coming period, whose next targets are at 1822 and 1885.
From here, we continue to favor the upward trend in the immediate and short term, supported by the moving average 50, recalling the importance of stability above 1735 to achieve the expected goals.
The expect range trading for today will be between resistance line 1885 and support line 1735 .
support line : 1773 , 1735
resistance line : 1822 , 1885
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
ETHUSD 4H : Support further rise ETHUSD
New forecast
The price of Ethereum (ETHUSD) confirmed the breach of the 1656 level, and is pushing upwards at the opening of the day to approach the 1694 level, providing signs of a trend towards achieving more expected gains during the coming period, noting that crossing the last level will push the price to 1735. As the next main target.
From here, the upward trend will be likely in the immediate term unless the 1656 level is broken and holds below it again.
The expect range trading for this week will be between resistance line 1735 and support line 1656 .
support line : 1666 , 1656
resistance line : 1694 , 1735
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Ethereum Quietly bounces off key support Ethereum - CRYPTOCAP:ETH
Bitcoin has been stealing the stage but is quietly confident making firm support in the background
Eth has bounced from a long term diagonal support line and currently challenges the 200 week MA
Hopefully we can turn the 200 MA into support
PUKA
Ethereum bullish divergenceETH 1day shows bullish divergence with price heading up into the downward trendline resistance The double bottom pivot at 1530 was well into the lower levels of the upward facing Regression Chanel with other parameters reset ready for the next run We expect some resistance around the low 1700 area before moving back into the 2000 level for the next washout This area looks a logical exit point for early leveraged traders
ETHEREUM: WAITING FOR A POSITIVE MOVE.ETH has been under the bullish falling wedge for quite some time and till now it has failed to show any positive move. With the pattern ETH is forming, it will be important for ETH to break above the resistance trendline for a positive confirmation. A breakdown below the supporting trendline will ruin the chart and make things more complicated.
I am expecting a breakout soon. What's your opinion? Let me know in the comments.
Thank you for reading.
Trade safely.
Regards,
Team Dexter.
Ethereum to continue LowerThe previous overall count remains valid, please find the link attached.
We seem to be bouncing back and forth between the 61.8% and equality of wave c vs. a.
Looking for that one last leg lower into wave 5 of c before considering longs.
Feel free to ask question, please leave a like if you enjoy the content,
Trade safe.
Ethereum: one more low before takeoffHello,
looking for one more low to complete wave c of (ii) before we could se any sort of upside resumption.
By making another low we will also touch equality of c vs. a which is usually a place where we can expect support from
Feel free to ask questions, if you enjoy the daily posts please leave a like and commend down below.
Trade safe!
#ETH - thoughts out loud №5Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
The current development of the situation indicates that in the absence of positive dynamics of movement from the current price, it may lead to a decrease in the price of the instrument (supply test).
However, it is worth considering that professional operators who create the market have their own plans that differ from the way the masses see the situation.
It will be great to take part in a rapid "unexpected" upward momentum in order not to let extra passengers into the market)
Thank you all for your attention, I wish you success .
Sometimes you win /sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive)
ETH next low 1200 with harmonic pattern3D time frame
-
From previous analysis, we see a potential bat harmonic pattern, which will bring ETH to 1200 by December
In this analysis, I provide another harmonic patter on ETH - shark structure.
With this shark harmonic pattern, we need to see the last pump to 2215 in near future.
Then start a pullback until 1200.
As always, get ready to seize ETH below 1200!