ETHUSDT: Elliott Waves Intraday TradingETH price continues to rise within the ascending momentum of wave C.
Locally, a correction may form in wave 4, after which the price may continue to rise to complete the big ABC correction pattern in ascending wave 4.
As before, I plan to sell after the completion of local wave 5, after the formation of a false breakdown of the trend line.
I consider opening a long position only in case a bullish pattern of the current trend continuation is formed.
Best Regards,
CEO Tornado Capital
Ethusdshort
ETH/USDT Long Term Price As we can see this critical time they are playing to liquidate a lot of people and in the other side to make people think we are going up to make new highs and they will flash out every body by big red candle this market is not easy to make money in this micro economical situation please be careful
ETHUSDT: Medium Term Wave LevelsIn today's review, I present to you my trading plan for Ethereum.
I don't like WXY models and truncations in corrective waves, but it's almost impossible to work and trace the possible logic of price behavior otherwise.
Criticism from the outside is almost inappropriate, because. I am not trying to prove anything, but simply sharing my plans for the near future, which may help to understand my actions.
In general, the structure of Ethereum wave levels is similar to the wave structure on bitcoin. In both cases, I am considering the formation of a large wave 4, after which the price may, with a high probability, go to new historical lows.
What drivers can serve for such dynamics?
So far, it's hard to predict.
However, they may appear later, when the price will be already in a downward momentum.
Do I consider a scenario with continued growth in the current market structure?
Definitely - Yes.
But, this can be determined by the fact of the formation of bullish patterns of continuation of the trend.
Now I am guided by dry facts, price dynamics, trading volume and the general structure of prices in the crypto derivatives market.
I will consider going short Ethereum at the end of wave 5 of wave C (in wave 4).
Good luck planning good trades)
Best Regards,
CEO Tornado Capital
Ethereum Sell into the resistance.Ethereum - Intraday - We look to Sell at 1259 (stop at 1311)
Daily signals are bearish.
A lower correction is expected.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
1281 has been pivotal.
1275 has been pivotal.
The trend of lower highs is located at 1269.
Our profit targets will be 1135 and 1105
Resistance: 1280 / 1400 / 1500
Support: 1200 / 1150 / 1100
ETH: Mildy bearish!Ethereum
Intraday - We look to Sell at 1175 (stop at 1211)
Expect trading to remain mixed and volatile. 20 4hour EMA is at 1175. Short term bias has turned negative. We look for a temporary move higher. 1193 has been pivotal.
Our profit targets will be 1086 and 1066
Resistance: 1150 / 1200 / 1280
Support: 1100 / 1050 / 1000
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False break out. Hi guys! As seen on the daily chart, Eth approached is trying to break through the diagonal channel. It is also clearly seen that such slight false break-outs happened in recent past. So the price may still come back to the channel and we will see 700. Considering bearish market in general it is still very possible scenario. But lets see a little for confirmation of break out.
ETHUSDWeekly Timeframe
This timeframe indicates a corrective pattern in the overall trend, Drilling down to the daily timeframe for end of trend confirmation in order to get in with the trend.
Daily Timeframe
From this timeframe a reverse symmetrical triangle is spotted and a sub wave for wave A of the corrective pattern, 3 WAVE B is also completed now a 5 WAVE down hourly is to be completed in order for a trend continuation to considered.
HOURLY TIMEFRAME
5 wave move down with a 3 wave internal structure.
Currently in a sub wave B of the final move down.
ETH Sell a break of $1700.Ethereum - Intraday - We look to Sell a break of 1698 (stop at 1751)
Daily signals are bearish.
1700 has been pivotal.
Price action continues to gravitate towards crucial support levels with aggressive selling interest.
A break of bespoke support at 1700, and the move lower is already underway.
Our profit targets will be 1572 and 1552
Resistance: 1800 / 1900 / 2000
Support: 1700 / 1600 / 1500
ETH Will Rebound - 2400$ IS the NEXT TargetI usually make long-term predictions with solid technical analysis. I have posted after a long time. Sorry for that.
This is just a short analysis chart for ETH. Try to understand the chart with the help of Swing high candles. I will post more.
If you have any questions, then ask in the comments section.
ETH Bottom probably not in yetHi everyone,
Looking at the previous bear market I don't believe the bottom is in yet for Ethereum. We are short of a full correction and we need one more deep push down. I am rather surprised because of the bullish sentiment recently on tradingview calling possible bottoms. If you are long enough in crypto you will know that it will go higher than expected in bullmarkets and it will go lower than expected in bear markets. As a matter of fact I think that 1k USD per ETH is a realistic probability while prices are around 1,8k USD per Ethereum. That being said, I don't think we will face a full blown correction lower than that. Overall I think we all will get a fantastic buying oppurtunity when we reach these prices.
In the larger timeframe we will go one more wave higher to complete the structure and eventualy break the previous top of around 4.7k USD per Ethereum. My target is around 10k per Ethereum on the larger timeframe. If we reach these prices it will probably be a gigantic 12 1 elliot wave count. The correction after that will be sudden, horrible and fast. Possible targets are around 0,3k USD per Ethereum.... Stay safe and trade carefully.
The chart speaks for itself, I base my idea on the previous trend lines combined with fibonacci and elliot wave count.
As always this is no financial advise.