Ethusdlong
ETHUSD Trend AnalysisAccumulate around 600-800 levels for a potential target of around 7500-8300 in long term.
You can either exit or keep averaging if it falls below the mentioned levels.
Even though the probability is high but nothing is guaranteed in cryptoverse, so do proper risk management.
Peace!!
ETH daily is within 14% of 2018 RSI bottom, take a look!ETH daily chart:
On the daily the RSI has another 14% to drop
to the bottom from 2018.
if this chart repeats, this is the area it would drop
to which was also a previous high in the past.
Lets see if the daily falls into that bottoming zone.
also the DeMark 9 indicator is charting we are near
the bottom as well.
ETHERIUM BIG DUMP EXPECTEDTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 2 Downtrend in red color (Internal and Long Term).
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are levels from my past ideas published or levels that were respected from the past.
IF THE LAST 1H SUPPORT BROKEN EXPECT BIG DUMP
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
ETHUSD - Bull Faith UpdateEthereum has undergone some extreme downsides in the past weeks
I'm comparing in this analysis these downsides to a previous price structure on ETH, they are similar just on a little bit different scale
Both are broadening wedges, and have shown to form as the 200MA is curling down
Will we see another up wave like was seen in 2017? Will it be comparable in future?
Key Risk Management in CryptoThe current chart presented shows an important Trait traders must have to avoid exposing themselves to the market too much..
The simple fact of Trading is that you will never achieve 100% accuracy all of the time. You don't need to do this to make money, so long as your risk management plan CATERS for market swings.
since market swings are inevitable parts of Trading, you also need to make sure it is quintessential in your trading plan.
In this particular scenario, the points labelled describe how you may have thought it was 'great' to long here. And, you would've achieved reasonable prices at the time, however, the Trader who Bet the WHOLE Farm on it will be crunched. Betting evertyhing on one thing is not a long term process. It is for short term gamblers, so NEVER do it, especially with HVA's.
Trade LIGHTLY and trade with the stages of the market.
Ethereum - its not done yet Ethereum
Intraday - We look to Sell at 1257 (stop at 1301)
We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. 20 4hour EMA is at 1261.
Our profit targets will be 1141 and 1101
Resistance: 1170 / 1250 / 1300
Support: 1080 / 1000 / 900
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum - Some relief? Ethereum
Intraday
We look to Buy a break of 1291 (stop at 1229)
We are trading at oversold extremes. A higher correction is expected. Bullish divergence is expected to support prices. A break of the recent high at 1282 should result in a further move higher.
Our profit targets will be 1438 and 1488
Resistance: 1300 / 1400 / 1500
Support: 1200 / 1100 / 1000
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ETHERIUM 4HOURLY NEAR FUTURE ANALYSISTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 2 Downtrend in red color (Internal and Long Term).
We have 1 Uptrend in green color (Internal Trend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
Ethereum at Important Fibonacci LevelThis chart is super simple. It simply shows the entire price history of Ethereum on a yearly chart with basic Fibonacci retracement levels applied. It shows that Ethereum has corrected significantly this year back down to a major retracement level.
So far, Ethereum has corrected down about 70% from its all-time high. Price has retraced all the way back to January 2018. Another technical indicator is also flashing a buy signal: the monthly EMA exp ribbon has reached its base just as the stochastic RSI oscillator has reached its base. This is a low-risk-to-reward setup.
While I do believe more downside is quite possible, it would be wise for those of us who are super long on cryptocurrency, to accumulate some Ethereum at this retracement level. This magnitude of retracement is quite rare. The sentiment with cryptocurrency right now is actually about as low as it ever gets. It has been hovering near 10 for about two months, which in the past has occurred at significant bottoms.
Sentiment indicator: alternative.me
Not financial advice. As always, anything can happen and trends can end.
ETHERIUM 4HOURLY NEAR FUTURE ANALYSISTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 2 Downtrend in red color (Internal and Long Term).
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
ETH Short-Term Scalp off Strong SupportHere's a short-term scalp opportunity I'm taking on ETH. This is a terrible looking chart, but ETH is down over 50% since its April high without a single bounce. It's hitting a pretty strong support area around $1800. I think we have at least a short-term rally before the Fed's announce in June which will likely be to raise rates again. This will probably lead to further selling off of all the markets, which is why this is a short-term scalp.
However, if this occurs, I think it will be an unbelievable opportunity to scoop up so very cheap ETH before the Merge upgrade in August. Let's not forget that ETH is one of the only deflationary cryptos out there. It has burned 2.3mil ETH (or $4.2bil) since the EIP-1559 launch last August! Looking at the Fib retracement, it may be wishful thinking to hit $2400 but I'm aiming for the .382 level before the announcement. At least this is my game plan.
ETHUSD - RSI AnalysisAn idea for ETHUSD
I expect the next bottom to form along the 200MA, which correlates well with the 200MA (green)
Areas in yellow are strong bullish entry points
The bottom point falls along these diagonal downtrend lines as does the top point
There seems also with the current top formation to be a large divergence on the RSI
Ethereum looking for a bounce!Ethereum
Intraday - We look to Buy at 1731 (stop at 1669)
1730 has been pivotal. Trend line support is located at 1730. We look to buy dips. Support is located at 1700 and should stem dips to this area.
Our profit targets will be 1898 and 1938
Resistance: 2000 / 2080 / 2150
Support: 1900 / 1800 / 1700
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$ETHUSD Clamp_1D_Ethereum_longEthereum is signaling possible bottom. Bull for the next little while. Setting call limit order and alerts for the week ahead.
- Ichimoku c-clamp
- RSI has more upside possible
set call/limit order: 1850.00
tp_01: 2015.24
tp_01: 2160
stop: 1700.00
Never margin trade. Go well.
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