ETHUSD turning Long UPDATEFor More Daily Detailed Analysis, Click on the follow button.
Here we have our ETHUSD chart.
We are looking to the longside as we reach current support after exiting for intraday gains to the former upside.
Previous price action and market memory zones are great for forming a bias in the market. It shows where Traders are Trading and enables you to trade accordingly.
Look for an exit at early resistance. Market sentiment likely to dictate soon, although CRYPTO seems to be slightly less affected.
Ethusdlong
Ethereum will fall. MAs tell us so!!! Look at the circle I drew. Normally, when the 21 and 55 MAs diverge like you can see, we can expect a large move in the direction of the death or golden cross. We can see a death cross, pointing at a bearish trend. Price action is also touching the 60 Fibonacci level and if it falls further, a bearish trend is likely to continue.
Ethereum under triangle's supportEthereum also recovered some losses since late January, but, unlike Bitcoin, the last leg up just touched 3k, around 8% lower than the first, giving us an indication that the coin is weak.
Looking at the chart we can see that a symmetrical triangle has formed and now the price is under rising trend line support.
Triangles are continuation patterns and the target for Ethereum is 1700 which is in line with a very important horizontal support.
EthUsd back above 2800 would put a pause in this scenario.
ETHUSD ZONESClick the Follow button for more Daily Detailed Analysis. If you have any questions please do ask them..
Here we have our ETHUSD updated chart. This comes as many Traders are in it over the weekend amid current market sentiment.
We are touching down on a Key Price rejection area and can look to the long side for Trades. Exit comes at early Resistance.
Long Positions can be light given the nature of the asset and current market sentiment.
The current Market sentiment is causing Tighter PA. Eventually This change will constitute a move in either direction.
ETHEREUM: MOST LIKELY SCENARIO.Welcome folks to my new update on ETH. To analyze Ethereum, I am gonna use a higher time frame (8hours).
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Anyways, let's get back to the chart.
The current scenario of the entire market is bearish for the short term. You can clearly see in the chart that ETH failed to even touch the upper trendline (resistance) and for the last 48 hours +, ETH was falling from the edge. I am expecting ETH to drop towards the lower trendline which is at $2.4k or close to it and then bounce back heavily. I would love to enter on ETH between $2.4k to $2.5k only if we see a bounce coming in.
Note: A drop below the $2.4k support level will be a disaster for ETH cause if it breaks then we may possibly see ETH at $2k.
What do you guys think about ETH? Do you think ETH will bounce back soon or it will keep on rejecting?
Let me know your ideas in the comment box. I will be more than happy to know your opinion.
Trade safely, guys. I will see you in my next update.
Thank you.
ETHUSD Alternate Bear ViewPerhaps I have been looking at ETHUSD wrong so far, and have been dismissing the bear calls. We may have already seen the top. As suggested by this chart.
Similarities on the MACD can be correlated to points in ETHUSD's history
The last time we saw a sharp dive on the MACD like this was at the end of the last bull run
Bears will control the market if the MACD fails to make a successful bull cross on this weekly timeframe
A bull view
ETHUSD Critical AreaETHUSD Is at a critical price point, this has been seen as a line of support using this indicator in the past
If it repeats and bounces off bullishly, we will be seeing some big moves coming up
The MACD shows similar inverse H&S structures, in the rectangles are the seen and expected move for the MACD's future.
ETHUSD Backwards Falling WedgeEthereum can be seen to be forming a large wedge structure, in which looked at in a reverse fashion a sharp breakout can be seen upon the ending of the 'falling wedge'
This breakout was a 134% increase from its bottom
This bottom is a crucial point in the evolution in price, providing the first bottom for the double bottom structure
I say price must be higher for this backwards falling wedge to exist because a falling wedge like this would only occur if price was in a descending fashion (when looked at backwards)
There is still room for ETHUSD to go way higher
Check out my God Candle idea above
ETHUSD I FULL LIVE ANALYSIS:If you Want to See More Daily Detailed Analysis, go ahead and click on the follow button. Please do feel free to like and comment with any questions should you have them!
In this video we are going to look through our ETHUSD Charts. We previously looked short at key sell zones on impulsive upmoves in the market. The current market sentiment with ongoing tensions has meant CRYPTO assets have fallen inline with global equities again..
On these falls we arrive at key zones for LONGS. This is because we expect buyers like ourselves to move into the market at KEY zones, reliant on Price action rules and core understanding of indicators and their correct use.
We can look long Lightly and manage our risk well as we accumulate our positions. Do not overtrade.
Ethereum God Candle March An idea for ETHUSD , with the previous extension to 4K and then retrace, this creates a massive zone for price to rise
The current March candle is positioned perfectly above the support level (dotted line)
I have reason to believe we will see a big run, for both Bitcoin and Ethereum . This isn't the end of the run.
Ethereum Break Ahead?Ethereum - Intraday - We look to Buy a break of 3051 (stop at 2978)
Trend line resistance is located at 3000. Trading close to the psychological 3000 level. A break of the recent high at 3050 should result in a further move higher. Short term momentum is bullish.
Our profit targets will be 3248 and 3298
Resistance: 3000 / 3050 / 3200
Support: 2880 / 2830 / 2750
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ETHUSD UPDATED ANALYSISClick here for More Daily Detailed Analysis.
Here we have our ETHUSD chart.
Yesterday we started to get short and took initial gains at a strong resistance zone. The price action at the areas mentioned coupled with our full analysis allowed us to form a short bias.
We can now look ahead to where we will get long. We previously saw a larger dip and a continued uptrend. We like to trade WITH the Trend so we can get LONG at the current fall towards an early support area.
Trade LIGHTLY at this area as we are dealing with HVA assets.
ETH Dominance Pivot Point0.618 can be seen as a pivot point, prior rejection at this level, even though a bounce was seen at the 50MA
Now price is at the 50MA and above this pivot point level, the dominance is likely going to bounce again (as seen previously) off the 50MA and push Ethereum's dominance higher.
This aligns with my current stance on ETHUSD
Using another indicator ETHUSD Using this indicator called "McDonalds" We can see how ETH has touched for the second time along this curved "parabolic" trend
It is a nice buy signal.
Points labelled 1,2 are comparable points to what we are seeing now except on a much larger scale
Last leg of bull for ETH imo