Ethereum Forecast - $1440 or $1000? Bearish momentum has tartedHello Guys,
Scenario 1
I see two possibly scenario as bearish momentum is starting. The most possible and probable scenario is that ETH will retest the $1440-$1400 zone. This is a very strong support here, previously the price dumped back from this zone. It was the 2017-2018 ATH of the ethereum at the time. This year the price has struggles 4-5 times to brouk up this zone. After that when the price returnt down to this level this became a highly respected support zone. Additionally this zone overlap the the 1D 100 moving avarega which is not on the picture, but if you set it up, you will see. Conseqvently this is a very very powerful support. That's why my personal opinion is the price will go up from that area. I see arounf 70% possibility for it. This might be a good Buy Entry for everyone who missed it till now.
Scenario 2
I think this scenario is less likely, but also possible. I think there is a 30% possibility for it, which is more than enough. In this case the prace my hesitate at the $1440-$1400 area, but will break it down towards $1100-$1000. This is also a very very powerful support. I can't see lower price this year for ether. The $1100 - $1000 area overlaps the 1D 200 moving avarega area which is also a very very strong support. Additionaly this zone was support twice in January for Ethereum. Furthermore there is forming a strong bullish XABCD pattern if we reach this level. This could mean a very good buying opportunity.
This is my personal opionion, not a trading advice. Anyway if anyone missed the Ethereum, this bearish momentum could be perfect timing.
Leave your tought in the comment section to see what is your opinion and the likely scenario
Regards,
CryptoMex
Ethusdshort
ETHUSD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
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Ethereum Short Term Bearish ScenarioUsing the channel tool we can plot a channel for the recent bull move
Similarities can be seen in the beginning of the channel to now (fat arrow)
Suggesting a bear move
Black dotted line is a possible support line and the best area to enter
I have faith that Ethereum's bull run will continue long term however
I am long Ethereum, hence my stance on this idea.
Etherum (ETH/USD) - My 2nd ScenarioHere you can find My 2nd Scenario about #Etherum (#ETHUSD)
1 - - Price might be hit 1st Strong Level and Drop Sharply.
2 - - But IF Price Break STRONGEST resistance Zone. Then It might be cross &2000.
But these scenarios are very weak from my point of view.
You must have to see my 1st Scenario on my Timeline.
Ethereum ETHUSD - NEXT TARGET >>> $900ETHUSD - NEXT TARGET >>> $900 <<< ???
This is the 1st Scenario and totally based on Price Action.
We have 4 Major Confulence Points.
1. Supply Zone
2. Strong Resistance Level
3. Down Sloping Flag
4. Price at "C" Point Level.
What Ur Thinking!
Share Your Idea and Comment Below.
>>> 2nd Scenario Shared in NEXT Post.
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/03/01Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
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Market Overview
Price Action: Ethereum has continued to show weakness alongside Bitcoin. As I previously mentioned when BTC retested the bottom while ETH didn't, it was likely that both would need to test the lows before being able to truly rally, and indeed Bitcoin and Ethereum retraced to lower lows after a slight pump. Now that both have tested the bottom and bounced off of that bottom ($43K for Bitcoin and $1300 for ETH), there is a higher probability that this rally is sustainable. One level to keep an eye on is the 200MAs, which must hold, otherwise price risks moving back down again.
Chart Patterns: N/A
Areas of Interest: The area(s) of interest for me are the lows @ $1290. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $1290, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
My Recent Trades
2021/02/21: I had a losing trade. I entered a long @ $1,970.0, with Stop Loss @ $1,868.6, and stop loss hit.
2021/02/20: I had two winning trades! I entered a ETHBTC long @ 0.035325, with Stop Loss @ 0.034577, and price reached a high of 0.036682, giving a risk reward ratio of 1.8:1. I entered another trade ETHUSDT trade long @ $2,003.1, with Stop Loss @ $1,965.6, and price reached a high of 2,022.0, giving a risk reward ratio of 0.5.
2021/02/07: I had a winning trade! I entered a short @ $1,605.00, with Stop Loss @ $1,628.14, and price reached a low of $1,563.9, giving a risk reward ratio of 1.8:1.
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
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ETH- More bearish than bitcoin, it can dive to 1k zoneYesterday, following bitcoin's lead, Ethereum took also a hit and dropped hard.
This drop cleared the rising wedge support, a trend line that kept the price elevated for a 100% gain.
At this point, this break is confirmed and 1800 is extremely strong resistance.
As in the Bitcoin case, rallies should be sold and, from a technical perspective, ETH could drop to 1k target of the pattern.
EthUsd back above 1.8 would negate this scenario
ETHUSD - $1500 target hit. What next?Follow me to receive more updates on this pair.🤙
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Here is a confirmation of the post I made earlier on ETHUSD. Take a minute of your time to check out the idea.
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Ethereum 30% correction? Time to Take Profit? Target $1.400?Ethereum has been performing very well for four (4) weeks.
With $2k having been cracked I expect Ethereum will take another breather next week and retrace.
Have a look at the possible downward trend scenario to about $1.400k over the next weeks.
The fib retracements match very nicely the possible landing zones. The 0.618 retracement is a perfect 30% retracement landing zone.
If you analyze crypto assets you notice that 30% corrections are often a natural process and are often met very precisely (more on that in another idea).
While Ethereum has been holding quite well it did already have such such a throwback in January (remember?) 2021 .
If you don't believe that Ethereum is about to trace back, do you favor another uptrend to above $2k?
What is the probability? Ethereum is kind of eating itself with reaching new ATHs.
The network fees are absolutely ridiculous and more uptrend now will only dampen DeFi projects success until Level 2 layer solutions can be put into place to lower the fees.
It feels counterintuitive that Ethereum is not exploding now after it was able to pass $2k, but if you look at the movements over the last couple of days / weeks it's move have been rather cautious (while steady).
Long story short. Whatever your strategy with Ethereum ( ETH ) watch out for a potential retracement this coming week or thereafter.
PS Go ahead and stretch the chart up/down and sideways to zoom in and out.
The upper Bollinger Band level is a good indicator for failing support. So if BTC would break that level downwards it is a clear signal it will go down further.
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ETH to possibly form head and shoulders.ETHUSDT - Intraday - We look to Sell at 1855.6 (stop at 1908.2)
A bearish Head and Shoulders is forming.
In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower.
Bespoke resistance is located at 1860.0.
Daily signals for sentiment are at overbought extremes.
A lower correction is expected.
Our profit targets will be 1701.1 and 1661.2
Resistance: 1800.0 / 1840.0 / 1900.0
Support: 1750.0 / 1700.0 / 1620.0
ETHUSD - Short to $1820 or long to $2200We can see price moving between the trendlines. Price has reached the upper trendline which is the resistance line.
Therefore, I expect price to either breakout upward and continue to go up or to go short back to the previous support line (which is the lower trendline).
What do you think?
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