Ethusdshort
ETH/USD: Tumble Lower and Crucial Short-Term Support LevelsETH/USD suffered a swift decline in value this weekend which correlated to the broad cryptocurrency market and is now near important short-term support.
ETH/USD was trading near the 4660.00 mark on the 3rd of December. Selling pressure began to build within Ethereum on the 4th and developed into a flash crash which took the value of ETH/USD to nearly 3475.00 briefly. The price of Ethereum has recovered and, as of this morning, ETH/USD is near the 4100.00 ratio. Velocity has been fast in all of the cryptocurrencies the past couple of days. While yesterday’s reversal higher was significant, ETH/USD actually is traversing near what can be perceived as crucial support levels.
Traders certainly need to recognize the dive ETH/USD took on Saturday regarding its flash crash. But the price of ETH/USD only touched the lower values momentarily and the fact that those lower levels were not sustained is important. However, ETH/USD is still below values it was trading last week and it is now testing support levels which were tested in the middle and end of November.
ETH/USD traded near a record high of almost 4880.00 on the 10th of November, but has seen choppy conditions since then. On the 26th of November, after suffering headwinds following the all-time highs in the second week of the month, ETH/USD was trading near 3915.00 before reversing higher and achieving a ratio of approximately 4785.00 only two days later. Since reaching the 4785.00 price and factored at its current value today, ETH/USD has lost almost 18% of value.
Traders face a difficult decision as the week begins. Volatility is part of the trading landscape for ETH/USD, but its recent price action has seen an increased amount of velocity which means using stop loss and take profit tactics is vital for reasonable outcomes. Speculators who pursue ETH/USD for short-term endeavors know the cryptocurrency is a wager. In order to get solid results with Ethereum traders need to keep realistic goals and not become overly ambitious as they pursue momentum.
If current support levels for ETH/USD begin to look vulnerable near the 4050.00 junctures, traders may again suspect that the 4000.00 ratio is a legitimate target. If values can be sustained below the 4000.00 price this could be considered a negative sign for ETH/USD and lower targets could be tested. Certainly there will be traders who believe upside reversals will develop, but if buying opportunities are being pursued caution is also heavily advised.
Ethereum Short-Term Outlook
Current Resistance: 4233.00
Current Support: 4035.00
High Target: 4412.00
Low Target: 3966.00
ETHUSD coming weeks plan..Remember, don't forget to click on the follow button for more expert daily analysis,
Alike many other crypto's and in my latest posts, we saw a move down on poor news.
This was followed by a price rebound, like the one seen here.
The rebound is losing steam and approaching key MA's and resistance zones.
We are looking short now with price to follow the directional arrows annotated on the chart.
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
ETHUSD - SELL strategyWe have to move the stop-loss above $ 4,575 for our short.
I have no change in view, but noting MACD is looking to go positive short-term.
A break above $ 4,550 area will ignite a run up once again. The weekly chart shows still promise for a move down, and the danger is down and not upwards for now.
Any news relating to Omnicron that impacts negative, may be the catalyst for the expected move towards $ 3,000.
ETHUSD - SELL strategyI was wrong during weekend selling early. The stop-loss was initiated $ 4,350.
The over all view no change though. We have a turning STOCHASTIC (see the previous highs), and also resistance around $ 4,500.
Careful sell $ 4,450 with stop-loss $ 4,575. Profit objective still $ 3,600 > 3,000.
No doubt the BTCUSD dragged it higher and news on Omicron seems little less bad. We just need to monitor that news for now.
ETHUSDT , This model can happen for the priceHello everybody
In here according to the model of the movement that we shown chart , it made with different model and check it in and ...
According to the different TA in elliott , neowave or price action , the think the price need to have another drop to have healthy recover and correction , then it can be ready to go up and move to the other target
The target will be shown on chart
Dont forget take signal then entrance in any position and buy
If you have any question ask us , if you have any cm tell us :D
Previous analysis of ETH :
Good Luck
Abtin
ETH dumped this week. Whats is coming next? ETHUSDAs per my previous post ETH hit nicely the red short zone and dumped fast. Unfortunately I did not take the short as had no time to monitor PA. Hence lack of time I had no chance to review the market earlier. But the plan went well and target hit from the long I had. Shame on the short I didn’t catch it.
Also we still have some stops resting bellow at the red X from the move up towards the ATH. IMO if we have a small bounce up at the beginning of the next week this will be for short as I think that we will see price go lower.
The 4k zone is still a support and the 4500-4600 Resistance.
Lose the 4k zone and I want to see price go to 3500 hopefully to 3200 for nice, discounted price. As mentioned previously on the W we will still have bullish MS even with the price at the 3200 zone. Loose that I will make new plan.
So long story short: Reclaim 4500-4600 Look for longs and long towards new ATH. Loose 4k short to 3500-3200. Any bounces for now are for shorts IMO.
A bounce towards. 4400 I would look for shorts with a SL above last high at 4550 ish targeting lower zones as per my chart above.
Eth- Still bearish in spite of yesterday's rallyYesterday Ethereum has had a strong day with the price rising around 7% from above 4.1k to 4.4k.
However, the structure remains bearish and now we can consider 4.4k strong ceiling for EthUsd.
A new visit to 4k zone is very probable at this moment and, as I said yesterday, a break under 4k would signal a deeper correction and open the door to 3.4 support.
A daily close above 4.4k would change my opinion
Ethereum- 4k is extremely important for bullsLike its bigger brother, Bitcoin, Ethereum also has made a new ATH on the 10th of November and the price has started to correct afterward.
Also in EthUsd case we can see selling pressure and after the 4.4 correcting rally the price has started to drop again.
4k is clear support now and bulls need to keep this intact if they hope for a quick recovery.
Looking at the weekly chart, things are not looking good at all...
The 4.8k is marked by an Evening Star candle formation and a break of 4k would expose 3.4k support. However, a deeper correction in the crypto market can even drive the price to 2.7k
So, as I said, it all depends on this 4k support(Just my opinion).
For now, I maintain my bearish outlook and only price back above 4.4 would change my opinion
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Etherium (ETHUSD) 1HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary
ETH/USD
TREND ANALYSIS
We have 2 UPWARD trend in green color
we have1 downward trend in red
The wider the trend the stronger
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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ETHUSDT , Its amazing situation for futures traderHello traders
We are ready to be the best in tradingview for helping you guys , to trader without loss and with learn how to trade in the most principled way possible .
We want to publish this position sooner but we cant published more than 10 chart a day
In multi time-frame we check that the trend was changed to the upward trend and we had some pullback and we should buy because of the trend and our strategy and wait until our target reach and after that we will publish and update new chart for you traders , One of the most important thing is guys check the chart in 15 min or 5 min time frame to have lower lower lower stop loss and nice R/r .
Use stop loss , take signal , observe money management = SECRET OF SUCCESSFUL IN TRADING
Good Luck
Abtin
ETHUSDT , Its time to be ready for buyingHello everybody
According to the chart , you can see the price break the key point level and when the key point broke , the trend will change to the upward and now we should be ready to buy and take long position to the the target that we shown on chart .
At first guys check the chart in lower time frame like 15min and 5 min then take signal like hammer or break trend line or ... then take in position until the target reach and dont forget use stop loss guys
Good Luck
Abtin
ETH Will we get the Short next week? Do be caughtETH next week plan.
Price held the 4k zone, and now printing temporary bullish MS on some HTF. Reclaimed MO
the 4500 zone is a resistance now where we broke down. This would be an ideal place to Short unless proved otherwise. I would be targeting then the 3500 zone. (also fibs matching the red zone, highest spike 4609 ish)
Let see how Monday range will develop and make a plan then.
Currently in a small long – TP 4500
Reason for the trade – LTF break in MS towards upside. Reclaimed MO and H4 demand holding.
Flip the red zone - will make a new plan.
Ethereum- A break under 4300 zone provides bearish confirmationSince the ATH from above 4.8k ten days ago, Ethereum has started a bearish trend, with lower highs and lower lows (A correction in fact to the overall trend) and has dropped to the important 4k zone.
The reversal from this low is, in my opinion, just a correction and we can expect a new leg down.
At this moment EthUsd is trading just above important confluence support that lies around 4300-4330 zone, and a break here would bring confirmation for my bearish outlook.
I expect gains to be well capped before 4.5k and a new drop to 4k zone can follow.
I will remain bearish as long as the price is under 4.5k