Ethusdlong
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.
ETHUSD Bottom? LONGLooking to the June 21st, 2021 LOW of 1700 we just retested that anchor point on May 12th 2022 and found the same support.
Buying influx creating BULLISH Divergence on the MACD Looking at ETH potentially holding here and kicking back into a bull run... The Risk/Reward is very solid on this trade because we're either at the bottom or we're not... We dont need to give it to much room to find out, Worth taking a shot at it...
ETH: At least 1 crypto is on recovery!Ethereum
Intraday - We look to Buy at 1731 (stop at 1679)
We are trading at oversold extremes. We look to buy dips. 1700 has been pivotal. 1711 has been pivotal. 1731 has been pivotal. Support is located at 1700 and should stem dips to this area.
Our profit targets will be 1858 and 1898
Resistance: 1900 / 2000 / 2100
Support: 1800 / 1700 / 1500
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Ethereum Rangebound? Ethereum
Intraday - We look to Buy at 1911 (stop at 1858)
We look to buy dips. 1901 has been pivotal. We are trading at oversold extremes.
Our profit targets will be 2048 and 2088
Resistance: 2000 / 2080 / 2160
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 Daily Updated Thoughts 5/23/22Price has almost reached the 2.618 level of a major Fibonacci circle area
As price reaches this level within the apparent downtrend, a breakdown may ensue vertically along the blue circle
After this event a prompt recover will follow, and this is when I believe the bulls will return in force.
Trend line drawn horizontally against 2.618 shows a double bottom formation which further emphasizes a bull rejection
Other patterns on the chart include a Rising Wedge which shows a clear top point
Price (bars pattern) placed around the 2.618 area are just estimations, the main takeaway is a recovery at 2.618.
Daily chart
I am long Ethereum
ETHUSD and being long..For Many days now we have looked at ETHUSD. After the harsh fall and bottoming out we are looking for long side bias.
Markets often give off EARLY signals. Amongst the indecision buyside Bias appears. You just need to look for it.
Amongst this is price formation and PA.
Trade lightly and do NOT load in with FOMO.
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: $1850.
I am buying ETH in spot also in leverage but with a minimal investment.
ETHEREUM-A reversal pattern is possible Hello everyone
From my last analysis on ETHUSD we had the crash of LUNA and the news from federal reserve.These two incidents made the market fall to this level.
For Ethereum,this trading range on 4 hours chart lasted too long, so I believe it's safe to call it a last bear flag and waiting for a reversal,preferably a double bottom.At the current market the support levels are 1950$ and the channels bottom line on 1900$ and EMA 20 if you use one , for resistance we have 2150$.
By the way, if you are trading this asset on smaller time frames you may see a bull flag on 1H or lower.
ETHUSD and the indecision Phase..The sideways movement across ETH and other Cryptocurrencies represents the slowdown after the large fall..
Often this happens because market moves SLOW down and Traders on the opposite side move in, creating more of an equalibrium.
Ultimately, News sentiment causes a larger move to Change the direction. This is why you need to be on the RIGHT side of the trade BEFORE it happens that way.
Ethereum comeback?Ethereum
Intraday - We look to Buy at 1731 (stop at 1669)
1700 has been pivotal. 1730 has been pivotal. 1717 has been pivotal. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 1898 and 1948
Resistance: 2080 / 2140 / 2200
Support: 1950 / 1850 / 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.
Buying Etherium I am going to start a DCA situation on ETH. If it somehow reclaims the 50 and 100 moving on the daily ill go in with a large percent. I think we are 3-5 months MAX away from an uptrend which is what i am trying to catch, could be way sooner so am starting to scale in today. RSI got probably indicates 3 months of ranging.
Bullish rebound to continue fallingThe Momentum with a positive slope (dark red color) is indicating the beginning of an upward movement, we only need the ADX to have a negative slope (grey color) to confirm the loss of bearish strength.
The possible area of interest is the values between 2700 (EMA 55) and 2600 (POC - Point of Control), these values will change over time, and you should also keep an eye on the movement of Bitcoin.
PS: In my opinion the best area to accumulate is approximately 1800.
ETHUSD Monday Market OpenAs Many Traders get long on ETH (as they should be) We can look ahead for future exits for gains. It is important to plan these AND know when you are going to exit the market.
We are likely to see dips inbetween on different TFS. You can trade these accordingly as Subs do.
Remember to scale IN gradually. Scale out as the market rises.
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 2141 (stop at 2059)
We are trading at oversold extremes.
Short term momentum is bullish.
A break of the recent high at 2140 should result in a further move higher.
20 4hour EMA is at 2141.
Our profit targets will be 2347 and 2397
Resistance: 2140 / 2250 / 2400
Support: 2050 / 1950 / 1900
CAN ETH SURVIVE THE WINTER!?In my last idea i said its time to do or die for eth.
Eth did it. They survive. Along with many other altcoins.
This doesnt mean we are back to the bull run!
We just survive an important event. Lunacrash.
Blue box below the chart, 1880-1800 price zone, is an important support area.
Price breakdown below yesterday but buyers stepped in around another strong support of 1679.
From there price increased %20 in 24 hours.
But i think upside potential is pretty limited.
Important resistance areas
2152
2342
Yesterday Powell said, they dont promise soft landing and they will fight inflation in every way.
We should expect more money to flee from risky assets.
I would not suprise if ETH surpass BTC in terms of market cap by the end of this decade but even most succesfull companies lose insane amount of value in the last couple of months!
Therefore we should watch before buying in. This areas can be profitable if you invest for the longer term such as 1-2 years.
But right now it is obvious risky markets didnt find their bottom.
It could take months before bottom is formed.
Important support areas
1996
1880
1800
1679
1576
If BTC break below 200 weekly ema which is around 27k, ETH price can broke below 1679 with high volume.
This can cause investor panic and high amount of sellers.
BElow 1679 there are not strong support zones.
Price can test below 1k!
It could take months or even years before we are back to bull market.
Take care!
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