Breaking Down ETHUSD - Another ScenarioThis is a comparison of 2016 ETHUSD to 2020 and current ETHUSD
The 2016 daily chart shows a rising wedge or bullish wedge, leading to a massive increase
The 2020 can be seen to show some similarities such as the 0.382 fib, which is a point of resistance in both cases
I am doing my best to break down ETHUSD it is one of the more interesting charts to view, this is why I have posted multiple charts in the past, linked below. I really just thought this comparison was interesting.
This one below is particularly interesting
Ethusdlong
Etherem is stronger than Bitcoin ...***
As we have seen these days and in recent months, Ethereum has emerged stronger than Bitcoin.
Ethereum ascents and corrections are reasonable, and in this recent decline, Bitcoin has shown more resistance than bitcoin, and according to the patterns on the chart, there are signs of ascent in it.
I think, unlike Bitcoin, which continues to improve, we will see the growth of Ethereum in the coming days.
I hope this time Queen Ethereum will take the Bitcoin emperor by the hand and pull him up.
Of course, all these scenarios were available for Bitcoin before the fall, but Bitcoin fell.
What mattered was the resistance of the Ethereum to this fall.
In the Ethereum to Bitcoin chart, we also see Atrium to Bitcoin rising.
Finally, my advice in these days of uncertainty is to enter the market with caution ...
#ETH/BTC
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ETHUSDT|1D Current situation analysisHello everyone and welcome to my new idea on ETHUSDT on 1D chart. As always do your DD. Be sure to like if you agree and follow my profile for more ideas.
Few numbers to begin with
1. ETH Major support. We bounced out of it in a big fashion last time. Expected to hold if things go south again.
2.Deciding point on whether we go up or down, I expect we will see in 2 days at max.
3. Previous bullish trend break, followed by sideways trading until now
4. First resistance on the way up
RSI is at about 50% which does not tell us much, MACD looks the same. ETH could really use some catalyst to bring the volume in. My expectation is that next 2 candles will decide on our next move, so I would wait with buying just yet. I remain very bullish in ETH, I keep accumulating more during these times. My realistic PT before EoY is 4800-5200, and 20.000 Eo22.
Happy trading!
ETHUSD - Longer term view! 🐂 🐻We in consolidation for now:
Lows: $4000 areas
Highs: $4800 areas
A break to either direction, a pull back and then continuation to show the direction of trade short term of the formation draw. Either way, longer term I am bullish ETH and any pull backs regarding price, I will be buying in further.
Long term view: A break above, pattern: Cup & handle formation including the shorter term formation, we could easily reach to $5500-$6000 areas. Larger institutional firms are predicting it to go towards $15k-$20k. However, price doesn't always go in a straight line.
Institutional wise ETF & Options etc & the adoption of ETH has more of a use case is far greater than BTC. Allowing the Alt-coins in yr 22 to prosper further.
Disclaimer: NOT FINANCIAL ADVICE.
ETH in the 5th wave UP🚀? ATH NYE?Drawn out on the 4hr chart on ETH.
B U L L I S H !!!
It's so similiar the way the RSI double touch below 30 before going into strong bullish momentum again. COINBASE:ETHUSD
If wave theory is accurate here we should see ATH just around NYE.
This is just my theory and I wouldn't bet against the trend here.
If anyone sees this and has input please tell me! I am open ears to opinions :)
Fibonacci Waves / Weak Market Hypotheses
On the above chart I investigated the relationship and continuation of 'waves' within the Fibonacci Circle. Due to its incredible success, I decided to look over it again.
On this chart I show very comparable formations (formation 1) (formation 2)
Formation 1 is contained within 0.786, while formation 2 extends through the 1 level
Applying the same Logic with the continuation through 2.618, the bars pattern placed is price inverted from previous move through 2.618
The Weak (form) Market Hypothesis suggests " that today’s stock prices reflect all the data of past prices and that no form of technical analysis can be effectively utilized to aid investors in making trading decisions."
I find this interestingly applicable to this scenario, with repeated formations, in repeating fib levels.
ETHUSD Fast Fall with Quick plan..Don't forget to click on the follow button for more daily expert analysis.
ETHUSD amongst other Cryptocurrencies has seen a huge fall in the last 12 hours due to fast selling short.
This is now a good time to start DCA because price is so far off the MA's and getting oversold for this current period, as seen on our stochastic oscillator.
Remember, on high volatility assets it is wise to trade very small and make sure you do not buy or sell all at once.
Spread your positions our as price lowers so you get an Average price.
Many shots, rather than just one will help you hit the target.
Our price direction is labelled by the directional arrows and our eclipse symbol shows the price rejection area.
ETHUSDT , Did you sell ?Hello everybody
Did you looked at our analysis and sell your ETH in 4500$ ??
According to the last analysis we published , we shown on chart we should be have another bottom for the future movement of the price
You can buy in around the zone that we shown on chart and wait to reach to the new target
We will update the target in future
Previous analysis :
If you have any question ask us , just send us messages
Good Luck
Abtin
ETHPERP long into short.I think a small bounce towards the next resistance zone, so I'm taking a small long to sell for a short. ETH has been creating lower highs and lower lows for the past couple of days.
I'm only risking 1R both long and short.
ETH long:
Entry: $4085
SL: $4010
TP1: $4290 with 1% risk for 2.73R
After TP I'm going for a short with multiple targets. I expect some wicks towards 4300 in the coming day or two, that would be my entry.
Entry: $4323
SL: $4469
TP1: $4085 with 0,25% risk for 1.64R
TP2: $3932 with 0,25% risk for 2.7R
TP3: $3748 with 0,25% risk for 3.95R
TP4: $3618 with 0,25% risk for 4.84R
ETH/USD LONG TO NEW ATHEthereum (ETH/USD) came off early in the Asian session as the pair depreciated to the 4523.99 level after trading as high as the 4759 level during the North American session, with the interday high representing the strongest print since mid-November. Buying pressure emerged around the 4350.91 level during the European session, a level that is now right around the 50% retracement of the recent appreciating range from 3950 to 4759. Stops were elected above the 4391.41 level, representing the 50% retracement of the recent depreciating range from 4867.81 to 3915.
ETH/USD bulls continue to focus on upside price objectives including the 4895.12, 5035.94, 5060.87, and 5268.46 areas. Following the recent volatility, downside price retracement levels and areas of potential technical support include the 3759, 3497, 3174, and 3125 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 200-bar MA (4-hourly) at 4407.06 and the 50-bar MA (Hourly) at 4381.60.
Technical Resistance is expected around 4895.12/ 5035.94/ 5060.87 with Stops expected above.