ETHEREUM: BULLISH EXPANDING CHANNEL FORMATION.Hello, dear members. welcome to this Ethereum update.
Timeframe: 18 hours.
Update: ETH lately, showed some greens which were good for the market. The current scenario of ETH is under a bullish expanding triangle which technically is bullish. It is testing the resistance at $1240. This is quite a decisive moment for ETH. If it successfully breaks and closes above the resistance level then we can expect some good rally. But if it gets rejected from the resistance then the trend will get reversed and we may see some drops.
Fundamentals: ETH is having a conference meeting on the 19th of July 2022. The Ethereum Community Conference (EthCC) is the largest annual European Ethereum event focused on technology and community.
What is your opinion about ETH? Do you think it will rally higher or will it drop badly?
Let me know in the comments. Do show your support with your likes and if you don't wanna miss any updates then follow my channel.
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Ethusdidea
ETH Tp Sl AnalysisWhen we look at all cryptocurrencies in general, almost all of them draw the same graph.
Because the analysis of other cryptocurrencies independent of Btc will not give a very accurate result.
Considering that other cryptocurrencies move synchronously with btc, it is natural for the charts to resemble each other.
In fact, analyzing eth vs is nothing but analyzing btc.
If we talk about eth now, we can think that the fib 1.13 level will be a strong resistance on the chart.
If this zone is exceeded, it is likely to face a selling reaction from nearby levels.
When we try to detect this with fibonacci, we encounter a price like 1430 dollars. He will most likely a pull back from here.
I think this price is available to day traders. I believe that the actual pull back will be at $1700 and above.
Based on my measurement, I expect fibonacci to accumulation between 2,618 and 3,618.
To me, the real sales response will come from these levels.
For $1700 and above, you can make a quick measurement and decision using simple indicators like rsi.
For example, after the price exceeds $ 1600> rsi >75 cmf> 0.20 adx> 50 will be enough for me to decide on the sale.
Note: This is not investment advice.
ETHEREUM: A BOUNCE CAN BE EXPECTED.Hello traders, I hope you guys are all doing good. Here's a quick update on ETH. Please have a look and trade safely.
Timeframe: 4 hours.
Update: ETH is forming a rising wedge pattern which technically is a bearish pattern but as it is under the formation, we can expect a rally between $1200 to $1300 followed by the rejection. Breaking down below the lower support trendline will invalidate this chart.
Trade setup:
Entry between $1033 to $1060.
Targets: $1115, $1168, $1221, $1281.
Stop Loss: $986.
Note: If you are entering this trade then do not forget to use SL. Trade with 5x or 10x leverage and accumulate the dip.
Like and follow for more updates.
Thank you.
ETH Bottom probably not in yetHi everyone,
Looking at the previous bear market I don't believe the bottom is in yet for Ethereum. We are short of a full correction and we need one more deep push down. I am rather surprised because of the bullish sentiment recently on tradingview calling possible bottoms. If you are long enough in crypto you will know that it will go higher than expected in bullmarkets and it will go lower than expected in bear markets. As a matter of fact I think that 1k USD per ETH is a realistic probability while prices are around 1,8k USD per Ethereum. That being said, I don't think we will face a full blown correction lower than that. Overall I think we all will get a fantastic buying oppurtunity when we reach these prices.
In the larger timeframe we will go one more wave higher to complete the structure and eventualy break the previous top of around 4.7k USD per Ethereum. My target is around 10k per Ethereum on the larger timeframe. If we reach these prices it will probably be a gigantic 12 1 elliot wave count. The correction after that will be sudden, horrible and fast. Possible targets are around 0,3k USD per Ethereum.... Stay safe and trade carefully.
The chart speaks for itself, I base my idea on the previous trend lines combined with fibonacci and elliot wave count.
As always this is no financial advise.
Ethereum- Relief rally probable nextNot even a month ago (in fact 3 weeks) I said that 2k should provide strong resistance for EthUsd and traders should sell rallies in that zone. Since then Eth has dropped hard, losing almost 50% of its value, which is a lot even for the crypto market.
On Tuesday EthUsd dropped towards 1k and reversed and, again, yesterday it had a new attempt to drop under 1k and failed, leaving a long-tailed bullish Pin Bar on our chart.
This sequence of reversals from around 1k gives me the idea that bulls are strong here and a reversal could follow soon.
My strategy is to buy dips against 1k and as for target, around 1.5 can be a good idea.
ETHEREUM: CAN THIS BE THE BOTTOM???Welcome traders to the ETH update in 3 days timeframe. This update is the continuation of my previous update.
ETH got rejected from support 1 and went straight to support 2 level, where the price is stuck. This will be crucial support for ETH cause if it fails to hold this, ETH can drop up to the $1k level where we have support 3. With the big news like ETH 2.0, the recent dump is quite disappointing. Many altcoins depend on the ETH ecosystem and overall its BTC which drives the market. If both the giant coins like BTC and ETH dip then we can expect the other altcoins to follow.
We can't be 100% sure that this is the bottom but we can look at the probability. If ETH is able to hold this support 2 level then we can expect something positive coming in. Until then we better wait for the close.
What is thought on ETH? Do you think there is still room for ETH to rally higher than this? Share your ideas with me.
If you like this idea then do like and follow for more.
Thank you.
ETH/BTC breakdown !ETH / BTC
ETH brokedown the important support level against USD today (1700$) which open the way to test 2018 ATH
1 month ago , I sent an alert about the weakness in market you can check here :
Today ETH just reached bears target against USD of my previous idea
But here in ETH/BTC its looks like there are more room for bears up to 0.04 BTC ! (The confirmation is breakdown of 1400$ and close daily below it )
What do you think about ETH in next few weeks ,Share with us in comments below
Still waiting on you New York !!!Decent bullish technicals also here on Ethusdt everything looking good ,but can mean nothing if the dollar skys today.
A lot of noise recently about the num 2 crypto ,the world and a few other places expect it to find new moons and maybe a new galaxy.
We will see im sure ...Im in here to run a 1:3 long ,have similar on btcusdt..
Please feel free to like coment etc it helps with this thing called learning and earning..
Im not a fanatical finance wiz kid make your own minds up ..
My trade just got triggered as i write ....well im in now ..
ETHEREUM: HITTING THE RESISTANCE.Hello traders, Ethereum has rallied 10% so far after getting close to the support level of $1700. It's good to see the market making some greens but we need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF. As we can clearly see that ETH is reaching the resistance of $1940 to $1950. With the RSI reaching the overbought zone, it is likely possible that ETH may get rejected soon.
On the other hand, if BTC breaks out and sustains the daily close above the resistance then things may take a positive move.
Trade safely.
ETHEREUM UPDATE IN 3 DAYS TIMEFRAME.Welcome members to this ETH update in 3 days timeframe.
I posted this idea on the 12th of May 2022. It was a clear H&S pattern and then ETH dropped by 36%. As per the present scenario, ETH is still holding the Support 1 level which is at $1700. In order to see some positivity, ETH must hold this level. Moreover, after the breakdown, ETH has not bounced back, yet, and as we all know that whether it's a bull or bear market, the candles don't flow in one direction making only reds or greens. It always follows a zig-zag pattern.
I am expecting a bounce either from support 1 or support 2 levels. ETH, sustaining the support 1 level is ok but if ETH drops towards support 2 then we have to worry a bit.
If you agree with this idea then do hit the like icon and follow for more interesting updates.
ETHEREUM TRADE SETUPHey guys, ETH in a lower timeframe is breaking out of the triangle pattern. If this is a real deal then we will see ETH reaching up to $2.4k to $2.5k.
The accumulation level will be $1950 to $2050.
Target $2400 to $2500 (20%).
Stop Loss: $1850.
I am buying ETH in spot also in leverage but with a minimal investment.
ETHEREUM IN DANGER???Hello members, welcome to this ETH update in 3 days timeframe.
This certainly doesn't look good. ETH made an H&S pattern and then doom. A -32% drop so far has liquidated many traders' hard-earned $$$$. We can see certain support levels at $1790, $1445, and $1050. Most likely ETH can bounce back from any of these support levels but will it be too late for the market to recover all these losses?
Things are quite skeptical here and we must stay extra cautious if you are holding any coins. As the ETH is dumping badly, the RSI is dumping too and it has reached the oversold area. The only direction the RSI goes from here is in the upward direction. So, if not support 1 then support 2 could be the bounce-back level for ETH.
Let's see what comes next.
Thank you.