Ethusdidea
ETHUSDT - Are we going for a correction?Hey traders!
On 4h chart, I found corrective triangle waves is about to form after completing impulsive waves. So I set a TP/SL according to fibonacci levels.
Entry SHORT - 1820-1832
Take Profit 1 - 1625
Take Profit 2 - 1555
SL - 1961
Risk/Reward Ratio: 2.16 :)
ETH/USD LONG Set Up after testing $1706Ethereum (ETH/USD) weakened early in today’s Asian session as the pair depreciated to the 1750.63 area after trading as high as the 1893.75 area during the European session, with the interday high representing a test of the 78.6% retracement of the depreciating range from 2041.42 to 1356. Stops were elected below a series of downside technical support levels, and technical support finally emerged just above the 61.8% retracement of the appreciating range from 1493.28 to 2041.42. Chartists note this area was also just below the 50-bar 4-hour simple moving average. Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. If ETH/USD extends its upward strength, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels.
Some areas of potential technical support during pullbacks include 1403.13, 1205.96, and 1008.79, with stronger technical support likely in place around 1296.30 and 1066.14. If ETH/USD extends its recent depreciation, potential technical support includes 1285.87 and 1205.96. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 200-bar MA (4-hourly) at 1719.53 and the 200-bar MA (Hourly) at 1809.35.
Technical Support is expected around 1285.87/ 1205.96/ 1128.29 with Stops expected below.
Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Title/(Date): ETH/USD Long Set Up
Asset:CRYPTO
Order Type:Market buy/ Buy limit
Time Frame:1D
Entry Price 1: $1,718.00 (Active)
Entry Price 2: $1,704.00 (Pending)
Stop Loss: $1,688.00 (300 Pips)
Take Profit 1: $1,748.00 (300 Pips)
Take Profit 2: $1,818.00 (1,000 Pips)
Take Profit 3: $1,868.00(1,500 Pips)
Take Profit 4: $1,918.00 (2,000 Pips)
Take Profit 5: $2,018.00(3,000 Pips)
Status: 🚨Pending🚨
+* eth/usd possible inverted head and shoulders +*From watching and familiarizing myself with crypto price action, I think my go to setups will mainly comprise of head and shoulder and corrective flag type entries I think they play out well.
Analysis: Possible inverted head and shoulder entry on 15 minute timeframe.
Lets see !
ETHUSD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
Ethereum Short Term Bearish ScenarioUsing the channel tool we can plot a channel for the recent bull move
Similarities can be seen in the beginning of the channel to now (fat arrow)
Suggesting a bear move
Black dotted line is a possible support line and the best area to enter
I have faith that Ethereum's bull run will continue long term however
I am long Ethereum, hence my stance on this idea.
ETHUSDHello Guys Welcome back to another profit week
If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
ETHUSD on a buying mode if touch the buy confirmation line you can take the trade
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
ETHUSD Charting updateThe pair dip didn’t come as a surprise.
If you’ve been following this pair update here, you will understand the situation better.
At this moment, buyers are able to secure a visible and feasible trading structure for the next level.
A trendline break can of course help the coin price shoot higher.
Gains are expected to be taken at 1700 - 1750 USD.
Since the third swing points are not always reliable, a spike can push the coin price to approx. 1900 USD.
**Sentiment: Bullish **
Decision rule: Buy now or wait for a trendline break. If you must give up on unexpected drawbacks, let it be around 1428 USD
Etherum (ETH/USD) - My 2nd ScenarioHere you can find My 2nd Scenario about #Etherum (#ETHUSD)
1 - - Price might be hit 1st Strong Level and Drop Sharply.
2 - - But IF Price Break STRONGEST resistance Zone. Then It might be cross &2000.
But these scenarios are very weak from my point of view.
You must have to see my 1st Scenario on my Timeline.
Ethereum ETHUSD - NEXT TARGET >>> $900ETHUSD - NEXT TARGET >>> $900 <<< ???
This is the 1st Scenario and totally based on Price Action.
We have 4 Major Confulence Points.
1. Supply Zone
2. Strong Resistance Level
3. Down Sloping Flag
4. Price at "C" Point Level.
What Ur Thinking!
Share Your Idea and Comment Below.
>>> 2nd Scenario Shared in NEXT Post.
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/03/01Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins!
Market Overview
Price Action: Ethereum has continued to show weakness alongside Bitcoin. As I previously mentioned when BTC retested the bottom while ETH didn't, it was likely that both would need to test the lows before being able to truly rally, and indeed Bitcoin and Ethereum retraced to lower lows after a slight pump. Now that both have tested the bottom and bounced off of that bottom ($43K for Bitcoin and $1300 for ETH), there is a higher probability that this rally is sustainable. One level to keep an eye on is the 200MAs, which must hold, otherwise price risks moving back down again.
Chart Patterns: N/A
Areas of Interest: The area(s) of interest for me are the lows @ $1290. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $1290, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
My Recent Trades
2021/02/21: I had a losing trade. I entered a long @ $1,970.0, with Stop Loss @ $1,868.6, and stop loss hit.
2021/02/20: I had two winning trades! I entered a ETHBTC long @ 0.035325, with Stop Loss @ 0.034577, and price reached a high of 0.036682, giving a risk reward ratio of 1.8:1. I entered another trade ETHUSDT trade long @ $2,003.1, with Stop Loss @ $1,965.6, and price reached a high of 2,022.0, giving a risk reward ratio of 0.5.
2021/02/07: I had a winning trade! I entered a short @ $1,605.00, with Stop Loss @ $1,628.14, and price reached a low of $1,563.9, giving a risk reward ratio of 1.8:1.
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
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DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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