ETH bouncing off supportHello fellow traders and hodlers,
It would ETH has decided for the time being that it will bounce off of the support line as it has done multiple times this bull market. It would seem for the time being Ether will continue to hold this support.
This is not financial or trading advice and is intended for educational purposes only.
ETHUSDC
ETHUSD dancing on support.Will ETHER spring off support or fall off the cliff. This is a great question and I don't have a crystal ball, but I am watching for any weekly closes below the red support channel. If we close below it we could have some more red days ahead. I hope we spring off into October to new all time highs. Keep an on this chart and don't be afraid to take profits and stop losses. I will say the last 3 times we touched this line ETHER has had significant bounces of this trendline. Do you think it will do the same thing this time?
Please follow if you like the conent and comment on what you think will happen.
This is not financial advise and is for the sole purpose of education as I am not a financial advisor.
$ETH vs $BTCPublished this way back around 1400$ on twitter, but ETH is still following the BTC 2017 fractal.
Off course the moves won't be the exact same, especially with black swan events like COVID, but I tried to illustrate this as simple as possible.
What I'm expecting next:
- 6k in September
- 4k retest in October
- 10k in November
- 20k+ in February at the end of the bull market
The numbers are a very vague estimate, but I believe ETH will continue to surprise everyone and simply follow 2017 BTC's path.
FA checks out as well, but ETH staking/burning rising on a daily basis, NFT market booming, Metaverse on the up and coming.
When ETH 2.0 is released fully, and everyone will get to dump their staked ETH, is when I expect ETH to crash hard. (this should be in Q1/Q2 2022 ethereum.org).
Does this Ethereum Fractal Suggest A Bullish Move Soon?I took a look at the Bitstamp ETHBTC chart and noticed that this current price action is almost identical to the one that played out in January of this year. As a matter of fact, we are at the very end of the fractal which suggests that next moves will be bullish. These are not always crystal balls, but patterns like to repeat themselves. Perhaps it's a glimpse of the future. Something to think about until we see how it plays out.
Hex going to break out within 48 hours. Up past 20 cents new ATHHex has historically been in similar positions before breaking to the upside
ETH switched a channel! Overall ETH and BTC are less bullish atm.
we might see more downside.
if you want to play it safe - open the 1W chart and wait for the next week to flip green (still 4.5 days to go).
I think it is wiser, from risk management perspective to pick up ETH for the long term, after BTC flips 0.5 fib from resistance to support!
This can be a failed rally and ppl will keep BTFDing all the way back to 30K.
Unless you're 100% sure we are going to new ATH - be careful!
It is always better to miss out of some future gains than losing capital!
(for educational purposes, not financial advise)
ETHUSD ~ Overcooked, oversold, good chance to buy the dip.ETH is overcooked and oversold. RSI is over 80.
ETH has overshot daily EMAs and almost looks parabolic.
So? Buy the dip.
If we're LUCKY we could see a 2021-capitulation-fib-0.382 retracement bounce.
I doubt it will go there, but the 0.5 is more possible and a convergence of the daily 21EMA over the coming week is even more likely than that.
I put bids on all these 3 levels.
I dont have much more dry powder left but its all going in this last dip before we actually do go really parabolic.
Look for a $6k to $12k ETH by end of year and I believe it will continue well into Q1/Q2-2022.
There are too many things pumping ETH right now to even doubt its parabolic future:
- NFTs (even though 99% of that is a bubble market that will pop and explode.....when people stop being insane and realize that JPGs and GIFs arent worth $millions even if they are "unique"....that is not what NFTs are meant for)
- The actual implementation of EIP-1559 has not been priced in yet, we are seeing it priced in as we go, day by day.
- DeFi boom 2.0 with institutional banks hopping over to DeFi to save themselves from being blockbustered.
- Eventual development of REAL NFTs in utility cases like a complete disruption of energy, legal, education, gaming, healthcare, even national identity and other sectors - that is what NFTs were meant for (not stupid "artwork").
- ETH2.0 always on the horizon, and I am hopeful that it will finally come by Q1-2022, which would be a perfect storm to drive ETH parabolic into a blow off top by Q2 for this cycle to come to a close.
- The fibonacci band-8 is the next band up, where all previous bull runs came to a close, and the current top of band-8 is RIGHT NOW around $17k....by 2022 we're looking at a possible $20k ETH if the cycle extends.
Of course I am biased.
I'm an ETH whale.
This is still 100% what I see - both in TA and FA. I am more of a long-term investor, I do not day trade and only rarely trade for "fun" a few times a year. My bias is much more heavily into FA than TA.
I will take some profits after 6k, 8k, 10k, and beyond. I will never sell more than 25% of my total ETH in each cycle.
This is not financial advice.
All-in Short 🔻 Double: RSI Resistance, Channel ResistanceAll-in Short 🔻 Double: RSI Resistance, Channel Resistance
🔴 KEY POINTS:
- RSI is strongly overbought
- Momentum hit RSI Resistance
- Price Action hit Channel Resistance
- Machine Learning (Artificial Intelligence, Linear Regression) says upcoming Resistance
- Chart Pattern: This Technical Indicator Variation worked 100% in the past
We've opened short. All-in.
Decision TimeETH has tested support on this orderblock and if it successfully breaks resistance I'm looking price action to hit the 2400 level, if that level is flipped support targets can extend to the previous high of the range at 2900. Keep in mind that ETH has it's event this month and the age old story is....Buy The Rumor and Sell The News. Take care everyone, have a great day/night!
ETH Testing Long-Term Sine Curve - Critical Resistance and TrendOver the long-term, ETH swings in a sine curve around a linear trend line on its log chart (the green line splitting through the middle of the wave). This line represents consistent, parabolic growth with substantial volatility.
Today, ETH is testing this critical long-term trend line.
If ETH breaks past the trend line upward, we're in for a swing up in a sine curve as impressive as the last bull market of 2017-2018. But if ETH cannot break through this resistance, the bull market may well fizzle out.
I am trading cautiously under the assumption that ETH will break well past this trend line. But that assumption still needs to prove itself.
Please do your own research and proceed cautiously. This analysis is educational only.
ETHUSD ~ Post capitulation movement & S/R zonesOverall review/thoughts on capitulation event: see linked ideas below
ETH is right now in a very strong position.
All charts (1h, 2h, 3h, 4h, 12h, D) are showing ETH regaining above EMA's quite well.
As of RIGHT NOW, ETH is sitting on the FIB retracement AND a whole bunch of EMAs on all time-frames.
I think ETH will be able to hold above this level, but if we do see it lose these supports, we will at least see ETH drop down to the next FIB level of this current zone.
So if we are SUPER LUCKY we could fill some buy orders at the $2150 area.
If you were lucky to buy a few days ago when it dumped down to $1700 zone, congrats!
I dont think we will see ETH below this price again, possibly ever.
ETH price floor set in @ $1732 which also coincides almost exactly on the dollar with the 0.236 FIB retracement for the full bullrun cycle since the last capitulation in march 2020.
This is the longest term fib you can draw on the chart right now, and we literally hit the 0.236 retracement by -$9.55 and bounced back up above $2k.
Sometimes the TA really does work to a T.
Scroll to the left on my chart above to see that FIB level from the previous FIB retracement I drew on it.
So - what do I expect to happen now?
See my other posts below, but basically: we are in an accumulation phase where big money is buying BTC, ETH, ADA, LTC (surprisingly?), and even some BCH via OTC trades at about 500% normal volume.
OTC is where big money buys crypto. It means we are making big orders (minimum order size $100k to $250k depending which OTC you are using) - and these orders are made directly to miners and suppliers.
These orders do NOT hit the orderbooks on exchanges/swaps. Therefor these orders are NOT on the orderbook and do NOT directly affect the price.
Yes this is how big money buys crypto. We dont want the price to go up, while we accumulate.
That is what is happening right now. I have multiple OTC orders submitted right now, so I know how this works because this is how I buy my majors. (I buy altcoins normally like you do on exchanges, because I dont usually make $250k+ orders on alts).
ETH should be ranging between 2150 low up to maximum 3k for at least a week or two, possibly a month. I think we will see resumption of the bullrun around end of june, early july.
My TPs for end of bullrun are still above $10k for ETH, where I'll sell 10% of my ETH for this bullrun, convert that to stablecoins and get 12%APY yeild on it until I spend it to buy more in the next bear market.
Ez as pi, my friends.
HODL on, BUY if you can, and see you in a few....
ETHEREUM BULLS EYES ON 31 July EIP1159 UPDATEHello,
I don't trade Ethereum but I hold some Ethereum in my portfolio.
I don't post Ethereum analysis as it's not my fav coin due to fees issues and network congestion hard to trade a lot of swings.
but today you gonna see me with Ethereum onwards, it is the time for what I was waiting for for years.
ETH is heading towards where bitcoin is currently soon!
Technicals :
1. Ascending Broadening Channel ETH Is going to break it in case of parabolic movement in June most probably.
2. PRICE is above the Daily moving average 20 Since Months which is a bullish sign
3. Ethereum Vol is kept on rising, big whales are not selling but accumulating.
4. The levels I share in the analysis for potential upward movements are based on pivots and Fibonacci levels.
5. RSI is currently sitting at the overbought zone which will cool down in the upcoming days and weeks
BEST ENTRY 3000 AND 2800 for Ethereum for those who left out, just in case hold and ride it.
Fundamentals :
31 JULY LONDON HARD FORK EIP159 Protocol Update.
Cheers,
ETHUSD Channel to 2X Price In Twelve DaysETH is making a steady, parabolic break out in search of a new valuation well above its previous all time high. I expect ETH to remain within the bounds of this parabolic channel in route to doubling over the next twelve days.
The price could test support slightly below or resistance slightly above this channel.
As to precise timing, ETH could make this move even faster—in seven or ten days—but the curve suggests price doubling to $2,500-$2,800 by February 1, 2021.
Mayer Multiple Supports Ether RallyThe Mayer Multiple is the ratio between the current price and the 200-day moving average. We can apply this ratio to Ether: the blue line in the lower chart.
Ether’s Mayer Multiple reached 7.3 during the 2017-2018 bull market and later hit 3.4 at the previous all time high. In this bull market, Eth shows a Mayer Multiple of only 2.4. This multiple suggests that the bull market for ETH has runway to go higher.
Macro Cycle Shows ETH Ready for Major RunZooming out of the ETHBTC price chart, we can see a simple and repeating pattern. Two aggressive moves up, followed by a steady and extended retrenchment, which introduces a parabolic move up to a new all time high. In the current bull market, ETH is ready for a major run up relative to BTC.