#Ethereum #ETH Weak Structure Crypto markets are now mostly futures market. Saw mode is on. Everybody expect big move by the #ethereummerge but I say: BEWARE. Why?
#ETH shows weak structure. Twice shoulder head shoulder pattern is on the play.I highlighted them with orange circles. May be there will be a last fake pump to bait common investors but the structure is clearly bearish.
ETH will likely test critical supports and resistance. The resistance zone is the purple box, if a fake pump occurs ETH will surely test this zone. I highlighted the most important supports on the chart. ETH made retests recent days and took support in Jan 2021 from the blue line. The black line is ETH' s long term trend support. If ETH looses both supports, then we may more likely to see new lows. This is the strategy to avoid losses. We' re not in bull season, Crypto and stocks are correcting, nearly everything is correcting against US #dollar .And I think Elliott' s 5th wave of correction is on the play. We are more likely to see new lows in 7 months. Technical, primary and astro analyses show this period of time. The corrective mode will be on. Techically Elliott' s corrective wave is on the play and not invalidated. World is swimming in recession,energy crisis,cold and hot wars, pandemic etc. Mars will be in Gemini till end of march 2023.The first invalidation is: If ETH crosses 2000 #USDT and have few weekly closings on it. Then we may speak bullish scenarios. But now it' s time watch.
Ethusdshort
Ethereum Analyze (Short term/Timeframe 15min)!!!⏰It seems that Ethereum can find the end of wave 5 near the important trend line and resistance zone.
I expect Ethereum to lose at least 3% of its value in the next hours.
Ethereum Analyze ( ETHUSDT ) Timeframe 15min⏰
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Ethereum at 61.8% fib?Ethereum
Intraday
We look to Sell at 1608 (stop at 1631)
Our short term bias remains negative. Selling continued from the 61.8% pullback level of 1607.04. There is scope for mild buying at the open but gains should be limited. We look for a temporary move higher. Preferred trade is to sell into rallies. Bearish divergence is expected to cap gains.
Our profit targets will be 1529 and 1501
Resistance: 1610 / 1700 / 1800
Support: 1529 / 1500 / 1450
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ETHUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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Expecting downtrend for Ethereum!Check my recent Ethereum/BTC chart as well guys, Ethereum is really not looking well at all!
I shorted Ethereum already but unfortunately it tumbled a bit too fast and I could not alert you guys about the shorting opportunity.
However, I did post the $ETHBTC bearish analysis before it fell this much!
Follow me for the highest quality signals for FREE! I shorted Ethereum at the top at $2020 too before this local top!
Feel free to ask me about anything you are curious about!
ETH: Sell the breakEthereum
Intraday - We look to Sell a break of 1526 (stop at 1571)
1527 has been pivotal. A break of the recent low at 1527 should result in a further move lower. Daily signals are mildly bearish. Our short term bias remains negative.
Our profit targets will be 1424 and 1394
Resistance: 1700 / 1750 / 1800
Support: 1600 / 1550 / 1500
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Short opportunity for ETHFirst of all, I should point this out. I am a trader who does not like short trading very much. However, when we consider the continuation of the bear market, there is a serious short opportunity here. The monthly W retest level is $2159. Entry, targets and stop points are on the chart. While all my long transactions are open at the moment, I wanted to share a possible opportunity with you.
ETH To $800?I am currently waiting on this weekly candle to close in 7 hours from the time of this post! If the weekly candle closes in or above my purple zone then more upside moves should happen as this is a key psychological level as you can see it has been used many times before mostly as support with each touch in this zone creating massive bounces to the upside.
On the other hand if the candle closes below this zone as it is currently then i can see massive downside moves to around the $800-$1000 level.
Again patience is key to making and more importantly not losing money in crypto!
DM me if you would want daily analysis, trades & education.