ETHUSD: 1H analysisIn the 1H analysis of ETHUSD, the price is in a very nice rectangle. Now the price is at the bottom of this rectangle, and if it is rejected from the bottom, we can expect 1900 and even more (1923).
In case of strong crossing of the bottom (1872) of the rectangle, this analysis is invalid.
Ethusdlong
ETHUSDT Reaching for $2K and BEYOND📈Hi Traders, Investors and Speculators of Charts 📈📉
Ethereum has made a clear turnaround to the upside after a successful retest of support zone $1600 and we observe some additional bullish price action on the ETHUSDT chart:
👉 Lower Highs / Chart- and Trendline Analysis
👉 Double Bottom Candles / Candlestick Analysis
👉 Strong V-Shaped Recovery - Chart Analysis
👉 Buy from Technical Indicator / TA Analysis
The most likely next stop for ETHUSD short-term is the psychological resistance zone of 2K and then beyond in the near-term, possibly around $2300.
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BITSTAMP:ETHUSD COINBASE:ETHUSD BINANCE:ETHUSD INDEX:ETHUSD BITFINEX:ETHUSD KRAKEN:ETHUSD CRYPTO:ETHUSD BINANCE:ETHUSDT BYBIT:ETHUSDT COINBASE:ETHUSDT
Selling Ethereum at current resistance.Ethereum - 24h expiry - We look to Sell at 1858 (stop at 1898)
We look to trade the current range.
Trading between support at 1830 and resistance at 1860.
Daily momentum has stalled and our bias is now neutral.
Previous support at 1860 now becomes resistance.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 1758 and 1738
Resistance: 1850 / 1860 / 1880
Support: 1830 / 1820 / 1800
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ETH not dead yetLooking for a bullish count here on ethereum as we seem to be looking to continue higher.
The down move off the 2140$ high seems to be a corrective move as it is a three wave move, therefore not trend establishing.
Looking for further upside as we could moving sideways in a triangle in wave (iv).
Questions are more than welcome, trade safe!
Feel free to check out my other post here on Tradingview!
#Ethereum - thoughts out loud #2 Good afternoon, dear colleagues!
I am glad to welcome everyone and wish you to get acquainted with my vision of the current situation on this instrument.
The situation is similar to the stage of accumulation (local) asset that began on 09.11.2022, where we are in the final phase before entering the trend movement (bullish). But I have some doubts, because the formation that we observe is obvious, most market participants may prefer long positions because it is "accumulation from here to the moon". Therefore, there may be several scenarios for the continuation of the movement:
1) We confidently break through the level of 1441 and rapidly move up until we run out of fuel (before that, we remove the stop loss by a rapid downward movement of 1211-1311).
2) "False accumulation" and the return of the price to the trading range after which we will see the depreciation of the instrument from the range of 1441 - 1551 to 999 - 888.
That is, professional market operators give the opportunity to realize the potential of the movement and expect how the crowd will pick up their idea and vision of the market. After all, we all understand that the market is created to 80% of participants lose money, but now not about that, let's return to the analysis. It is today that a number of important economic indicators are released and the volatility is expected to increase and why not implement our plans using the news background, the prospect is excellent and the scheme is worked out.
Dear colleagues, I sincerely thank you all for your attention and wish success to everyone!
And remember one thing:
"sometimes you win/sometimes you learn"
ETH Weekly: Giant Re-Accumulation?!I believe I could make a very compelling case for the weekly chart on ETH becoming one big giant Wyckoff Re-Accumulation schematic. Before we begin, please take a minute to look at the Re-Accumulation schematic in the bottom left corner of this picture:
img.phemex.com
With that fresh in your mind, let's get back to the charts. It looks like back when we went and took out the ATH (just barely) in November of '21, it was actually serving a very important purpose. That was our UTAD before the subsequent bear market & giant dump back down to take out the lows of the AR & SOW. Once we took out those lows, we put in one low and then a higher low followed, which now serves as our Spring and Test right before a big jump across the creek.
Currently on our indicators, the 3 day is showing a giant hidden bullish divergence. Last time we printed a trigger wave on the 3 day, it caused Wave 3 (AKA the run-up from 1385 to 2146, see related ideas) and with this trigger wave coming in lower, while price is making a higher low, it forms a very strong hidden bullish divergence signaling massive uptrend continuation is on the horizon. This would fall perfectly in line with our big "Jump Across the Creek" in the Re-Accumulation schematic, as well as our Elliott Wave 5 from my previous post (link below). As of right now, our Wave 4 did exactly as it was supposed to by not retracing past the zone in between the 0.382 and 0.5, which should mean that Wave 5 is incoming.
Targets for this idea start at the macro GP from ATH around 2560 and increase from there according to your risk tolerance and profit taking strategy. Personally I will only be taking partials and plan to let this trade run as far as it's willing to run, with my stop loss at my entry.
What are your thoughts?
The Range Gives You GainsHave you ever heard of "the trend is your friend?"
I got a new one for you - The Range Gives You Gains
70% of the time in any given market, price will be in a sideways range doing nothing. People seem to think they can only make money when the market goes up or down, effectively confining themselves to only trading 30% of the time. Learn how to trade a range, it will change your life. Mark out your Value Area High & Low, as well as your POC. When price comes down to one of these levels, you check your low time frame indicators and look for divergences or other signs of a reversal. It's really one of the simplest ways to make money in any market, yet it's so overlooked & underrated. Just like the trend, you trade the range until proven otherwise.
Follow me for more trading tips - today's was a very simple fundamental tip, but I post more advanced tips ranging from Wyckoff to Elliott Waves and everything in between.
Hope you have a great day and make a bunch of money inside of this range!
ETHUSDLONGSETHUSDLONGS
Thoughts
At the moment, we are seeing a new surge of interest in ETH long positions from traders. This growth is extremely interesting, because the last time such "green" sentiment was observed at the beginning of 2023, after which we saw a strong drop and subsequent consolidation almost 4 months long.
The growth of longs will mark an increase in interest in the asset from buyers, which in the future may mean the upcoming green chart.
But do not blindly look at one indicator or factor. Look at the situation globally and make informed decisions.
If you like the idea, don't forget to subscribe and rate like👍
EGTUSDT ARE you RDY 2023 Long👌❤🧨The upward trend for Ethereum will also start soon.
At first, Ethereum will have a downward trend for the range of 1696 dollars, from the point of view of Smart Money, then it will start its upward trend with strength and touch the three ranges of 2020 dollars, 2478 dollars and 2967 dollars.
In the meantime, the alt season will start and other cryptocurrencies can give good profits to its shareholders.
ETH Wyckoff Accumulation #2 and 5th Impulse Wave Incoming?www.google.com
ETH current price action appears to be closely following the Wyckoff Accumulation #2 schematic (link above). The way I see it, there's two ways this can go:
1. ETH breaks straight up from its current position, and that little wick that deviated from the range (marked with "x") is our LPS
2. ETH deviates from the range once again, deeper this time to take out the lows from ST B and form the Spring. This would follow the Wyckoff Accumulation #1 schematic, however it may cause an issue with our Elliott waves, as Wave 4 is not allowed to cross under the high from Wave 1. Should this occur, we may still get a move up, but we will end up with an "Ending Diagonal" (AKA Rising Wedge, link to this concept below) and a very significant correction will follow.
What are your thoughts?
Ethereum minimum growth of ➕10%!!!🚀Ethereum seems to have created a 🐻bear trap🐻 (but the 100-SMA held Ethereum well).
According to Elliott Wave theory, Ethereum is completing a c orrective structure .
Ethereum correction structure can be Expanding Flat(ABC/3-3-5) or even Double Three Correction(WXY) .
I expect Ethereum to go up to 🟡 PRZs(Price Reversal Zones) 🟡 after breaking the downtrend line .
Ethereum Analyze ( ETHUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum -> BoooomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting and already rejecting a quite obvious previous weekly structure area at the $1900 level.
You can also see that weekly market structure is overall massively bullish, moving averages are also pointing towards more upside potential so I am now just waiting for any retracement before I then do expect a retest of the next resistance level at the $2400 area.
On the daily timeframe you can see that over the past couple of days Ethereum actually created a bullish double bottom and with today's candle Ethereum is perfectly breaking above the neckline at the $1930 level, so I am now just waiting for a retest of the neckline before I then do expect more upside continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bullish bias in ETHUSD as inverse head shoulder is evidentETHUSD in H4 will go bullish if it breaks neckline i.e 1940 of inverse Head and shoulder pattern . However, if it breaks the last LL i.e. 1790 it would go bearish though bullish bias is dominant as there is bullish divergence and bullish reversal pattern (inverse head and shoulder) on the chart. Plan your both buy/sell entry the break of above mentioned key levels.
Trading ETHUSDT with Elliot WavesHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In today's analysis, I'd like to present an easy-to-follow guide on using Elliot Waves for trading. Elliott Wave theory will require looking for a pattern of five consecutive waves before making a trading decision. Elliott Wave theory begins by identifying two different types of waves.
Impulsive waves : Move in the same direction as the overall trend, 12345
Corrective waves : On the contrary, move against the overall trend. ABC
Elliot Wave strategy needs to follow and abide by some strict rules in order to validate the 5 wave move. The three basic rules are :
Wave 2 never retraces more than 100% of Wave 1. Typically, the retracement is between 50% and 61.8% of wave 1.
Wave 4 never retraces more than 100% of wave 3. Typically, declines between 38.2% and 50% of wave 3.
Wave 3 always travels beyond the end of wave 1 and it’s never the shortest one; Wave 3 will normally extend 161.8 x wave
❗ as above, A is close to Wave 4
There are also cycles within cycles. Think of it as a broccoli stem, where each flower head is composed up of many tiny smaller flower heads:
Elliott Wave theory will require looking for a pattern of five consecutive waves before making a trading decision. Impulsive waves and corrective waves are perfect opposites. The most important thing is to observe the Macro trend before using Elliot Waves in other words, is the price in a bullish cycle or bearish cycle? Here are the basic steps to follow when trading with Elliott Waves:
Step 1: Learn the Theory
The first step is to familiarize yourself with the Elliott Wave Theory, which is based on the idea that financial markets move in predictable patterns. The theory suggests that market prices move in waves, with each wave representing a specific part of the overall trend. The theory identifies two types of waves: impulsive and corrective.
An impulsive wave consists of five smaller waves, which move in the direction of the trend. A corrective wave, on the other hand, consists of three smaller waves, which move against the trend. Understanding the basics of Elliott Wave theory is crucial to trading with Elliott Waves.
Step 2: Identify the Trend
The next step is to identify the trend in the market you want to trade. This can be done by analyzing the price action on the chart. To identify the trend, look for a series of higher highs and higher lows for an uptrend, or lower lows and lower highs for a downtrend.
Step 3: Look for Wave Patterns
Once you've identified the trend, you need to look for wave patterns within the trend. An impulsive wave is made up of five smaller waves, and a corrective wave is made up of three smaller waves . These waves can be identified by analyzing the price action on the chart.
Step 4: Use Indicators to Confirm the Wave Patterns
While identifying wave patterns on the chart is important, it's also a good idea to use indicators to confirm the patterns. Some of my favorites include the Relative Strength Index (RSI) , Moving Averages (MA) and CryptoCheck START v3.
Step 5: Enter and Exit Trades
Once you've identified the trend and wave patterns, and confirmed them with indicators, you can enter a trade. You can use the wave patterns to identify potential entry and exit points. For example, you may want to enter a long position at the start of an impulsive wave and exit when the corrective wave begins.
Step 6: Manage Risk
💭 Finally, it's important to manage risk when trading with Elliott Waves. This can be done by placing stop-loss orders to limit losses if the trade goes against you. It's also a good idea to use proper position sizing to ensure that you're not risking more than you can afford to lose. On the chart I have wave 4-5 hanging in the air atm, let's get to wave 3 first and then we can re-asses where 4-5 may be. Important to note that is is a longer term trading plan.
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