Ethusdanalysis
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) traded above its own support point at 1,850 on Friday, as the cryptocurrency continued consolidating.
ETH/USD dropped to a bottom at 1,855.32 earlier in today’s session, a day after peaking at 1,878.43.
The price consolidation comes as the RSI failed to move above a current resistance level of 48.00.
As of writing, the index is on the cusp of crossing this line, however, momentum is still relatively weak.
There could likely be a spark later in the day, depending on how traders react to the University of Michigan Consumer Sentiment report.
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
Ethereum will pump this weekHello, Community!
Today it's time to talk about CRYPTOCAP:ETH because the Bitcoin is staying at the same level. Like in BTC analysis today we apply the FibDiv strategy and combine it with our Skyrexio SmartBot.
Let's take a look at the chart 1. The first we should do is to define the impulse to apply the Fibonacci retracement to it. We should wait for three decreasing bearish candles to draw the Fibonacci levels. You can see how it looks like on the chart. It's interesting to consider purchases below 0.5 level. Now this level is located at $1800. When price reach this level we expect the bounce to the zone 27, approximately $2050. This is the minimal target. The maximum one is at the purple line ($2200), but I don't believe that it is reachable.
Of course we are not going to trade it manually becuase we have Skyrex SmartBot which takes into account all our knowledges and accumulate position where it's needed. It's working 24/7 which is great advantage because I often missed nice entries during the sleep. SmartBot has printed the next strong support at $1804, which coincides with 0.61 Fibonacci, there it will add to long trade. The take profit level now is located at $1993.
Best regards, Skyrexio team
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ETHUSDT Potential Breakout TradeBTCUSD moving in range now wait for breakout to trade or place your buy stop and sell stop.
Manage risk according to your account size.
ETHUSD Analysis 16July2023for a moment there is a bullish trend that is more dominant, but if you look at the shape of the swing that has been formed, it could be soon entering a correction period. if you want to go long for the long term, it is better to hold back or maybe buy with the adjusted dollar cost averaging method.
Negative Money Flow Index for ETH - Explore AlternativesI write to you with caution regarding Ethereum (ETH) and its current negative dropping Money Flow Index (MFI).
As many of you know, the MFI is a popular technical indicator used to measure the strength and direction of money flowing in and out of an asset. It provides insights into market sentiment and can help identify potential buying or selling opportunities. Unfortunately, the recent MFI trend for ETH has raised concerns and warrants our attention.
Over the past few weeks, ETH's MFI has shown a consistent negative drop, indicating a significant outflow of money from the asset. While market fluctuations are common in cryptocurrencies, it is crucial to acknowledge this downward trend and consider its implications for your investment strategy.
Therefore, I urge you to step back and reevaluate your portfolio allocation, especially regarding ETH. While Ethereum has undoubtedly been a pioneer in the blockchain space and has witnessed remarkable growth, it is essential to remember that diversification is the key to long-term success in any investment venture.
Given ETH's negative dropping of MFI, I strongly encourage you to explore alternative asset classes within the cryptocurrency market. By diversifying your holdings, you can mitigate risks associated with a single asset's performance and potentially capitalize on emerging opportunities elsewhere.
Consider allocating a portion of your portfolio to other promising cryptocurrencies demonstrating positive signs and growth potential. Conduct thorough research and analysis, considering factors such as market demand, technological innovation, and the team behind each project. This approach will help you make informed decisions and reduce the impact of any adverse trends affecting a particular asset.
Remember, the cryptocurrency market is highly dynamic and ever-evolving. As traders, we are responsible for adapting and staying ahead of the curve. By considering alternatives to ETH and diversifying your investments, you can better position yourself to navigate the market's ups and downs while potentially maximizing your returns.
ETHUSD Breakout TradePlace your buy stop and sell stop or wait for breakout of trendline or support to get into the trade.
Manage your risk accordingly!
ETHUSD POSSIBLE LONG TRADEWeekly is bullish
daily bullish break and retest
4 hr bullish waiting for confirmation for entry
ETHUSD Breakout TradeETHUSD Breakout Trade - Parrellel channel about to break its support, place sell stop with given tp.
ETHUSD Potential Breakout Trade SetupETHUSD breakout trade on either side, if broke resistance or support. Place TP and SL with buy stop and sell stop orders.
ETH good to do short at 18004h time frame
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ETH is approaching towards resistance
Range 1770-1800
Plan a short trading here
Target: 1385
SL 1846
ETH lots opportunities with this potential structure1h time frame
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ETH may create a wedge or flag structure here from short perspective.
Based on wedge, I plan 4 trading opportunities, including 3 short and 1 long.
Final target is 1380.
Stay prepared for it.
ETH any long entry?12h time frame
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ETH creating potential harmonic structure
Reversed C point is around 1710
There is a good entry to plan buying trade
Target: 2190
SL: 1678
ETHUSD 4June2023ETH is currently still in the correction period, it can be quite long if you look at the current trendline pull. the invalid area is only a marker if the price goes higher then the elliot notation may fail, but that does not mean the trend returns to bullish. most likely what happens is a complex correction that can last long enough.
ETH showing an adding opportunity (target 2188)1h time frame
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ETH retesting the small downtrend.
Here is an opportunity to setup a plan.
Target: 2188
SL: 1792
Here's How ETH goes to $3K: Elliot WaveHi Traders, Investors and Speculators of Charts📈📉
Ethereum has recently started a new bullish cycle along with the rest of the markets, predominantly led by BTC as always.
When we take a look at ETH from an Elliot Wave Theory analysis, we see the start of a new 12345 Wave cycle. ETHUSDT is currently trading in Wave 2-3, generally know as the longest/biggest wave of all the waves during the upward price action phase.
There are a couple of theoretical points to consider when using the Elliot Wave theory and we take a deep dive into the theory and conclude the possible end point of Wave 2-3 at $3k.
From a Technical Indicator analysis, we see a BUY signal flash on the weekly timeframe with CryptoCheck START V3.5:
The weekly TF together with this indicator is usually a great way to confirm the bias f bullish price action.
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CryptoCheck
ETHUSD- NEXT TARGET 2719$Dear Traders, our latest update on ETHUSD is here, we are noticing that price is preparing for another bull move upwards to 2700 which will fill up the gaps in the market. We will be closely looking at this crypto pair and will update you as we move.
ETH Weekly: Giant Re-Accumulation?!I believe I could make a very compelling case for the weekly chart on ETH becoming one big giant Wyckoff Re-Accumulation schematic. Before we begin, please take a minute to look at the Re-Accumulation schematic in the bottom left corner of this picture:
img.phemex.com
With that fresh in your mind, let's get back to the charts. It looks like back when we went and took out the ATH (just barely) in November of '21, it was actually serving a very important purpose. That was our UTAD before the subsequent bear market & giant dump back down to take out the lows of the AR & SOW. Once we took out those lows, we put in one low and then a higher low followed, which now serves as our Spring and Test right before a big jump across the creek.
Currently on our indicators, the 3 day is showing a giant hidden bullish divergence. Last time we printed a trigger wave on the 3 day, it caused Wave 3 (AKA the run-up from 1385 to 2146, see related ideas) and with this trigger wave coming in lower, while price is making a higher low, it forms a very strong hidden bullish divergence signaling massive uptrend continuation is on the horizon. This would fall perfectly in line with our big "Jump Across the Creek" in the Re-Accumulation schematic, as well as our Elliott Wave 5 from my previous post (link below). As of right now, our Wave 4 did exactly as it was supposed to by not retracing past the zone in between the 0.382 and 0.5, which should mean that Wave 5 is incoming.
Targets for this idea start at the macro GP from ATH around 2560 and increase from there according to your risk tolerance and profit taking strategy. Personally I will only be taking partials and plan to let this trade run as far as it's willing to run, with my stop loss at my entry.
What are your thoughts?
ETHEREUM long position 🚀Hello 🐋
the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
ETHUSD 23May2023ETH prices haven't changed much, like BTC which tends to be sideways at the moment. most likely the price will fall to the trendline in the medium term.
Ethereum nice entry to long1h time frame
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Ethereum creating a bullish flag
This trading plan is based on the third retest on lower downtrend.
Entry around 1760~1753
Target 1866
SL 1744
ETH Wyckoff Accumulation #2 and 5th Impulse Wave Incoming?www.google.com
ETH current price action appears to be closely following the Wyckoff Accumulation #2 schematic (link above). The way I see it, there's two ways this can go:
1. ETH breaks straight up from its current position, and that little wick that deviated from the range (marked with "x") is our LPS
2. ETH deviates from the range once again, deeper this time to take out the lows from ST B and form the Spring. This would follow the Wyckoff Accumulation #1 schematic, however it may cause an issue with our Elliott waves, as Wave 4 is not allowed to cross under the high from Wave 1. Should this occur, we may still get a move up, but we will end up with an "Ending Diagonal" (AKA Rising Wedge, link to this concept below) and a very significant correction will follow.
What are your thoughts?
