Ethereum (ETHUSD) may have completed three straight red months (1M candles) but despite the recent correction, managed to close August above the 1M MA50 (blue trend-line), in spite of touching it earlier within the month. This is a key Support level as it also held during the August - October 2023 bottom formation, initiating the multi-month rally up until March...
United States Ether exchange-traded funds (ETFs) posted net inflows of $106.6 million on their first day of trading. Ethereum (ETHUSD) saw the massive inflows led by BlackRock, Bitwise and Fidelity overcome the outflows from Grayscale and that may have set the tone of a new ear of growth for the market. Much like Bitcoin's ETF launch back in January, ETH may see...
Here on ETHUSDT price has been moving down and has made a correction at support level of 3,710.86 so is like to move up for the level has been respected very so going for LONG is needed and targeting profits should be around 3,777.59
Exactly a month ago (April 22, see chart below), we called for Ethereum's (ETHUSD) bottom and gave a medium-term buy signal: With the SEC facing deadlines on May 23 and May 24 to decide on spot Ethereum ETF applications by Vaneck and Ark Invest, we might be in front of a massive rally. Even from a technical point of view, the historic Cycle performance of...
HELLO TRADERS!! ETHUSD now trading above the strong support zone and it has already tested it can move easily till 3000$ if it hold the support zone its is trading in a bullish trend and we can say it will continue till design levels this week FOMC meeting also coming the decision of US interest rates can create a volatility in the markets our risk reward ratio is...
Ethereum (ETHUSD) traded exactly the way we wanted it last time we looked at it (January 09, see chart below) At the moment, the price is trading below the 1D MA50 (blue trend-line), having recovered the 1D MA100 (green trend-line) on what was a bottom on the 6-month Bullish Megaphone. This Higher Low was almost priced on the 0.382 Fibonacci level. That is...
Like the entire crypto market, BITSTAMP:ETHUSD has initiated a much-needed correction since mid-March. After an initial dive to the 3k zone, Ethereum recovered and made a local high at 3.6k. Subsequently, another drop occurred, but bulls held strong at the 3.2k zone, establishing a solid floor. At the time of writing, the price is near 3.4k, and bulls appear...
Ethereum Classic (ETCUSD) has started to rise again, so far being on the 2nd straight green 1D candle, without breaking the key 1D MA100 (green trend-line), which has been supporting since essentially the October 23 2023 break-out. As long as this holds and ETC keeps closing the 1D candles above the 1D MA100, we expect a new cyclical rally to start within the...
We haven't looked at Ethereum (ETHUSD) since the start of the year (January 09, see chart below) but it did give us an excellent symmetrical buy opportunity and easily hit our $3000 Target: We now move out to the 1W time-frame in order to understand where the current 2-week pull-back is positioned relative to the previous Cycle. As you can see, ETH is past a...
Ethereum (ETHUSD) has been consolidating since its High at the start of the year but on the longer term, the uptrend since the October 2023 Low is intact. The current analysis is basically an extension of our previous on November 23 2023 (see chart below): As you can see the 1W MA50/ MA100 Bullish Cross (blue and green trend-lines respectively), has been...
Ethereum (ETHUSD) almost hit our 2450 Target on the last buy call we made (November 17 2023, see chart below) before it started to consolidate at the top of the 1.5 year Channel Up: However it did turn out that the consolidation Megaphone, similar to January's, was the one that started on December 09 2023 and not before, as on our previous analysis. For that...
AUDUSD is creating the AB=CD pattern. The market broke out of the resistance that became a support. Price is approaching the support level and 50% fibo levels. We expect a classic breakout pullback continuation pattern. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Ethereum (ETHUSD) is only 2-3 weeks away from completing a Bullish Cross on the 1W time-frame between the 1W MA50 (blue trend-line) and the 1W MA100 (green trend-line). Last time we saw this formation emerge was on the week of August 17 2020. With ETH trading inside a Cup pattern similar to the consolidation of mid 2019 - mid 2020, we are either on a level...
Almost a month ago (see chart below) we gave the most optimal buy entry on Ethereum (ETHUSD), while it was at the bottom of its Channel Down, even below the 1D MA50 (blue trend-line), targeting the 1D MA200 (orange trend-line): The target got hit and the rally has been so strong that it even broke above the medium-term Channel Down and resumed the long-term...
Ethereum (ETHUSD) is trading within a 6-month Channel Down pattern with the price breaking above the 1D MA50 (blue trend-line) yesterday. The short-term pattern is a Megaphone within the Channel Down whose Lower Lows come in direct contrast with the Higher Lows of the 1D RSI. Thus we have a significant RSI Bullish Divergence which is holding since the August 17...
Ethereum (ETHUSD) hit last week both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line), for the first time since the week of March 13 and March 06 respectively. It did manage to close the 1W candle above both and as long as it does, it will be a bullish signal, targeting 2030 (Resistance 1). If it closes a 1W candle below them (primarily the 1W...
Ethereum (ETHUSD) is supported by the Higher Lows trend-line that started on the March 2020 COVID bottom and recently the 4D MA50 (blue trend-line) is holding as its new Support. Having grown by +5400% since COVID on a straight aggressive parabolic rally and entering the 2022 Bear Cycle in a Megaphone pattern, it has naturally drawn comparisons with the 2016/2017...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.