ATH condition: first correction and then pumpHello dear friends
As you can see in the diagram, the ATH is ready for a correction after the recent ascent
ATH correction can be Fibonacci 0.618 = $2300
That is up to MA200 per day = $2300
That brings the price correction to around $2,300
After this correction, we see the formation of a continuous and incremental triangle
Now, with this correction, ATH will make its point D in the ascending triangle and will start moving towards the upper side of the triangle, and after breaking the upper side of the triangle, it will continue its movement according to the triangle pattern up to $6,800.
Dear friends, this is not a trading recommendation
Please make your transactions at your own discretion and opinion
Good luck
Ethusdlong
ETH/USD - midterm investment setup
Hello, Traders
Buyers managed to keep the price in the range of $1740 - $1960.
Later on, growth began based on the news about the "London" hard fork. The essence of this hard fork is the launch of a deflationary model, where part of ETH, which is used to pay commissions, will be burned.
Like Bitcoin, the technical picture of the pair has improved during the last two weeks. MA100 at the daily and 12H timeframes is supporting the price, while the RSI indicator is in the bullish zone.
Cluster and volume analysis shows large purchases in the range of $2200 - $2400.
The growth with minimal pullbacks always ends with a correction, after which it is possible to connect to the purchases.
The position is best formed in several parts :
The main part in the range of $2140 - $2390.
The second part in case of a bullish correction within the range of $2455 - $2625
The third for the case of a deep correction in the range of $1960 - $2040
Stop-loss can be placed under the level of $1845
The targets for such purchases will be price levels of
$3200
$3590
$3800
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Ethereum buy a break setup.Ethereum - Intraday - We look to Buy a break of 3202 (stop at 3118)
The previous swing high is located at 3190.
We are trading at overbought extremes.
There is no indication that the rally is coming to an end.
A break of bespoke resistance at 3200, and the move higher is already underway.
Our profit targets will be 3448 and 3498
Resistance: 3200 / 3400 / 3500
Support: 3050 / 2950 / 2800
ETH next move (short term)I know it is early, and I just gave an update yesterday. But bullish markets in crypto moves really fast. ETH is gonna have another last push up before retrace. The 4 hours is entering the oversold zone again, and the price has held beautifully. Please have a look at the res and supp drawn in the chart. I will buy either on the resistance break or on the 2880 supp (position entry 2900 - 2800). This is a quick trade that I will do with my spot money (active wallet) with a stop loss of around 2740. Check if that suits your strategy. 35000 is my target. Everything will be readjusted as we get along. This is a short term move. I just thought to share it to show you how things change quickly and how you need to act fast if you are an active trader.
this is educational material, I am laying out my play here for you to understand. always do your own research and stick to your strategies. trading is risky.
follow me if you like my content and comment if you like.
ETH looking at minor pullback before shooting back upFinally Crypto good days are back.
ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back.
I have highlighted the area of value which could be a good option to go LONG.
It will need to break current Resistance at 3189 before continuing its journey up.
ETH updateSo, so so. If you were following me I call 3100 when we were at 1800...watch my old charts. that is nearly 100% profit in 2 weeks. Now as I said before, I believe we are due for a retracement. ETH like BTC is getting extremely overbought. I have unlocked some of the profit 30-40% and I am letting the rest of the bags running (long term holdings). What do I see for eth... I see it retrace to at least 2600 - 2500 with a possibility of a climax to 2350 - 2400 (if these levels kick in, I will buy aggressively). ETH may have some steam left, maybe a bit but I am not willing to risk it as it is too overheated, we may touch 3200- 3300 before retrace, but the odds in my eyes are more in favour of 2500 right now. I am eyeing as a target 10 k and ultimately 20k, this one was just the first wave of a new primary bull market. The reversal came with a perfect double bottom reversal, the target for the pattern is 3100 which we just hit. However, indicators are overbought and we are starting to draw some bearish divergences on smaller time frames. I am waiting for a bearish candle formation for a confirmation of the pullback. I believe this pullback will come as a shock as people are overconfident right now.
Also just remember to not blindly follow the idea of different people as you should have your own strategy. Each of us has strategies in play. (e.g. I took off some profit from the table but I still have the majority of my position running 70% as I am bullish long term). Also always do a distinction between your portfolio: Long term holdings and spot wallet (play money wallet, active).
I will update when I see the confirmation.
Please feel free to comment, follow me and have some nice discussion.
We are here all to learn, TA deals with probability so let's make the best out of it.
ETH Updated Trendlines and Important LevelsHere are some buy targets for the upcoming consolidation, assuming that the uptrend continues. Orange lines are critical daily levels that have been respected in the past. In a healthy uptrend we should not drop below the golden pocket - that should be the lowest point. This has been the case on all of the previous moves and consolidation in this uptrend, if we lose the golden pocket that is the first warning sign
#ETH is still heading for 5k USD - Retesting Golden Pocket#Eth as we have previously discussed in other posted has reclaimed the golden pocket fibs and currently retesting 0.38 FIB.
Entry - current price range
Exit - $5k USD
Stop - $1980
Let's see if eth can continue to push and hold this range on the 0.38 FIB
Eth is enjoying a strong breakout from the falling wedge it formed.
Adding confluence to be bullish is the reclaim of the golden pocket fibs.
Eth is showing good signs of momentum and trading above the middle band of the Daily RSI
All the info you need for your trade is on the chart!
#ETH
#CRYPTO
#420Investments
ETH Hits Top Trend Line - TargetsOn each move up, after ETH hit the top trend line it consolidated and the low point ended up falling perfectly into the golden pocket (0.618). I expect the same scenario here and therefore my target for the bottom of this consolidation will be in the $2761-2777 range. Set your buy orders
Ethereum London Fork Blasts ETH To $2,700 As $3,000 Beckons
The clock is ticking for the much-awaited Ethereum London hard fork set to go live on August 5.
Investors positioned themselves for the upgrade and expected rally pushing Ethereum above $2,700.
A break above $2,800 could trigger massive buy orders amid investor anticipation for gains above $3,000.
Ethereum price broke away from its peers and made an impressive run from $2,400 to levels above $2,700. The bullish leg came close to trading at $2,800, but a minor correction interfered with the bulls’ mission.
At the time of writing, Ethereum trades around $2,700 while bulls put a fierce fight for gains heading to $3,000. Most short-term technical indicators have flipped bullish, implying that buyers have the upper hand. The latest upswing from $2,400 is believed to have resulted from investors positioning themselves ahead of the revolutionary London hard fork upgrade.
Ethereum London Hard Fork Will Go Live On August 5
According to ethernodes, the much-anticipated London hard fork is just eight hours away. It is supposed to occur on block 12,965,000. Node operators on the Ethereum blockchain have been getting ready for the upgrade, and ethernodes confirms that 75% are ready.
The Ethereum London Hard Fork is crucial mainly for implementing EIP-1559, one of the five proposals the upgrade would bring to the network. EIP-1559 aims at reducing gas fees that have been highly exorbitant to function on a base fee mechanism. Users will no longer need to pay more to prioritize their transactions. In addition to that, the fee collected would be sent to a non-recoverable wallet, where it is burned.
Ethereum Price Rally Takes Breather
Following the uptick to areas close to $2,800, Ethereum retreated to $2,700. Buyers are mainly focused on pulling Ethereum above $2,800. Perhaps at this level, massive buy orders would be triggered to support price action beyond $3,000.
Realize that the Moving Average Convergence Divergence (MACD) indicator has a bullish impulse. Ether has sustained this call to buy since July 20, but the uptrend was confirmed with the MACD crossing above the mean line. As long as this indicator continues with the upward movement within the positive region, bulls will have the upper hand.
Buyers should also establish higher support, preferably at $2,700, which will allow them to comfortably execute the mission toward $3,000.
Ethereum Intraday Levels
Spot rate: $2.711
Trend: Bullish
Volatility: Growing
Support: 2,700 and $2,400
Resistance: $2,800 and $3,000
Ethereum- small triangle for continuationAlthough I think the rise from 1700 is just a correction to the overall bear trend, short-term speculators can find a good buy opportunity now, with EthUsd forming a continuation triangle.
2800 and above is strong resistance and only price under 2500 would negate this scenario