ETHUSD and not Trading Waiting for a more accurate entry, rather than FOMOing in really will help you.. NOTE if the market looks weak you do NOT have to sell you can just wait for your longs..
We are still looking lower for longs and comfortable support as labelled. Let the market work its way throughout sentiment changes, like the one we are seeing currently.
Ethusdlong
ETHUSD Long zones to come..As always we are going to plan ahead. If we do not do this we leave ourselves at risk to the market long term.
This means we can:
Space out Trades with low sizes.
Accumulate positions as price gets lower.
Do not Trade ALL at once it is not healthy..
ALSO use the levels mentioned if you are less risk averse and not already long from Previous analysis.
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 3072 (stop at 2998)
Bullish divergence is expected to support prices.
A break of 3070 is needed to confirm follow through bullish momentum.
Further upside is expected and we look to set longs in early trade.
A lower correction is expected.
Our profit targets will be 3258 and 3298
Resistance: 3100 / 3150 / 3200
Support: 3000 / 2900 / 2800
ETHEREUM LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ETH as we are rejecting an important area of ,,support,, bullish orderblock area on H4 + institutional figure 3000$ price takes out liquidity below it and quickly reverse to the upside. If we will see there a bullish closure above we will go higher. A lot of bearish imbalances also left on the bearish move that should be closed ASAP.
GREED/INDEX Indicator tells us that today crypto market is in a extreme fear market sentiment meaning there is a good buying opportunity.
Stock Market wants go up from a FUNDAMENTAL / TECHNICAL perspective. We have a positive correlation between stocks/crypto and this is another reason why we will go up from there.
What do you think ? Comment below..
ETHEREUM LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ETHEREUM as price rejected an important area of ,,support,, if you will that's the bullish orderblock area on the H4 3160. Price also taked out the sell side liquidity aka buy stop losses below the old low. The reason i am not bearish right now on ETH is that price has A LOT OF bearish imbalances on the H1/H4 timeframe and i don't think we will go lower without filling those price ineffiecieny. First targest for the LONG order would be somewhere around buy side liquidity old high liquidity pool 3300$ price area.
FEAR/GREED Index on the CRYPTO market says we are in FEAR now, meaning there is a good buying opportunity.
What do you think ? Comment below...
ETHUSDethereum has pulled back a bit during the trading session on Thursday but has found buyers by the end of the day to turn things around and form a bit of a hammer. By forming a hammer, this suggests that Ethereum is going to rally from here, perhaps trying to recapture the uptrend. Furthermore, the 50 Day EMA is reaching above the 200 Day EMA, forming a “golden cross.”
Looking at this chart, if we can break above the top of the hammer, one would anticipate that a move to the $3500 level would be possible. The $3500 level has been a significant resistance barrier recently, and it is of course a large, round, psychologically significant figure that will attract quite a bit of headline noise, and perhaps even institutional money. Breaking above that level then opens up the possibility of a move to the $4000 level, which has even more resistance built into it as that is where we had fallen from previously.
On the downside, if we were to break through the moving averages, that could have this market looking to take out the $3000 level underneath, which has been important multiple times. Giving that up would then open up a move down to the $2500 level which had been so significant in its support, as we had formed the “double bottom” at that level.
Keep in mind that Ethereum is also going through the process of validating the next move in blockchain technology, and as the merge continues, it is very bullish for Ethereum. As it works from proof of work to proof of stake, that will also add more users to the network, thereby driving up the value of a coin. More developers were jumping on to the Ethereum network these days, and that has been a bullish driver as well. As long as there is risk appetite out there, and an overall bullish sentiment when it comes to crypto, is very likely that Ethereum will do fairly well over the long term. This is not to say that there will be the occasional vicious pullback, but that is the nature of crypto in general.
In the short term, it looks like the buyers are trying to make a stand, so I am more bullish than bearish, and recognize that we may have a short-term blast higher just waiting to happen.
ETH : What I Think About itETHEREUM what is next
Based on the chart the price has broken the trend line and the support zone $3400 ~ $3500. If the bulls able to be hold price the support area above i think we will see more gain and pullback to $3500 resistance zone and but if we lose this support area $3100 ~ $3000 we will continue more correction toward next support zone " $2600 ~ $2700 "
What do you think about it ? We lose support ahead or bulls could be hold prices?
Happy trading🌷
Ethereum (ETH) highly undervaluedThis chart image shows some historical data for Ethereum since her big breakout a little over a year ago. I have continued to believe that ETH will rise back up to my "Big Yellow Line" (the BYL) , eventually. When you have an overall positive trend within the 4H/daily resolution of a token, it will usually ride through ups and downs, and snap back to the trend eventually.
When a token drops far below that overall +trend --it's usually a very good indicator for anyone who wants a good jump on a long position.
♠️🤫🐿
Ethereum Update 6/4/22A conclusion can be drawn from the RSI that price is in a similar position as it was in 2017 (white circle)
This correlates with the bear market fibonacci circle which shows both periods of growth in the 2.618 fibonacci circle (2.618)
It also correlates with the 50MA, which is present in both scenarios
A big move is coming if the larger trendline drawn is now the dominant one
Ethereum Bullish Trend Continues StrongHello everyone, if you like the idea, you can support with a like and a follow.
My current trading setup for ETH.
I am keeping it simple for this trade, just riding the trend and looking the 12H and 1D candles, everything strong for now.
Using fibs from the last high to our new low.
Taking most of my profits on target 1(0.618) and the rest of them on target 2(0.786)
4H MA50 is a great support.
1H MA200 also great support.
Possible scenario for now is that we see a sideways action on the price on region that we are in until the MA catch up. Otherwise if we continue to 0.618 we can see a sideways action between the 0.5 and 0.618 levels.
BUT there is always a possibility that thinks go south, so be on alert if..
A break and a closure on 12H of the white trendline occurs.
A candle closes below 0.382.
12H MA50 breaks and candle closes below.
Also something to mention that it stinks a bit to me is the constant downtrend of the CIDI indicator while the price is in constant uptrend.
Don't forget to protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !
ETHEREUM SHORTS 📉📉📉📉 Expecting bearish price action on ETH after price takes out buy side liquidity on the H1, this night we had the asian rollover meaning the whales pushed price to take out stops and then quickly reverse. We can clearly see now the price is forming higher lows and lower lows meaning the strucutre is bearish confirmed with bearish bos (break of strucuture)
What do you think ? Comment below..
ETHEREUM waiting for retracement to long 📉📉📉📉 As i said in the title i am bullish on ETH but not from this area, i will wait for a retracement into bullish orderblock h4 area somewere around 2900-3000$ institutional figure. If we take a closer look at the PA(price action) and market strucutre we can clearly see that the price shifted the bearish market struutre into bullish with a failure to make a swing lower somewhere around 2500. Right now we have a bullish BOS (break of structure) a retracement will be great from a technical standpoint to make a LONG entry on this trade.
What do you think ? Where we go from there ?
Comment below..