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Ethusdtanalysis

[EN] ETHUSDT at $430 by the end of 2024? // GaliortiTradingBINANCE:ETHUSDT starts to break through the lower zone of a symmetrical triangular figure originated in 2022. If fulfilled, its potential target would be $430. BINANCE:ETHUSDT 1W On the daily chart ETH is immersed in a sideways for two months. It has lost its 200 average and also its medium-term bullish trendline . It would be logical that in the short term it would make a pull-back to it. However, if it does not overcome it, it would test the floor of its current sideways channel, which could trigger a double top . The target level would be $1,345. BINANCE:ETHUSDT 1W All this would lead to the loss of the $1,450 support, which would lead to strong bearish pressures in the medium term . It should be borne in mind that the vertical rise experienced by the stock in January 2021 would facilitate the fall in prices (as it is a low liquidity range). Pablo G
Short
by GaliortiTrading
ETHUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and higher Target/ Reversal zone: 1200-1050 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Short
by trytofeelpositive
2
ETH Crab Pattern (short entry 1880)4h time frame - ETH creating a potential bearish harmonic pattern_crab, which utilizes 1.618 Fibonacci Projection of the XA(1745.84~1531.08), the calculated PRZ(Potential Reversal Zone) is around 1880. Also, range 1839~1933 is the resistance zone we talked before, which is made of 0.618~0.786 Fibonacci Retracement, and there is the S/R, too. In conclusion, 1880 will provide a comparable resistance for ETH, and might be the last chance to open short before end of this bear market.
by EthanTW
ETH clear bottom 13004h time frame - This market tends to fall in near future, but cannot make a huge dump without a continuation structure. Therefore, ETH is creating a potential rising channel or can be defined as a bearish flag, which will provide more momentum for further dump. It's not hard to realize due to concept about "Stop Hunting", market always tries to liquidate as much as possible before going towards the true direction. According to the potential continuation structure, Ethereum will keep consolidating as a flag, and the great price range to short at 1765~1791, target is 1309. Do not miss it!
Short
by EthanTW
ETHUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 1900 and ~2200 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
5
ETH WEEKLY STRONG SELL DANGER!The strong buying zone we expected for ETH did not work as anticipated and was quickly broken. Instead of making indicator-based comments at the moment, we will try to make a comment based on ETH experiences. We have now returned to a news-driven market and it seems like we are back in a consolidation phase similar to March and April. Let's begin: The potential buying zone for ETH is located around 1618 and 1610 areas, as it previously found support there during a strong decline and made a move towards 2100. The biggest indicator of its potential arrival is the continued negative strengthening of the 4-hour MACD. Although the RSI has entered the buying zone, it failed to turn upward, so it would be more accurate to make comments based on MACD for now. The real concern here is that the downward EMA averages continue to be broken on the weekly chart, with the sole target being the EMA 200 area at 1557. While this is definitely a potential buying zone, it remains uncertain due to the strong sell signal on the weekly chart, and even the target of the lower Bollinger Band at 1484 could come into play again. These averages and the Bollinger Band have significant importance on the weekly chart because ETH, after a long time, appears to have ignited a strong sell signal like BTC, as the week is almost over. If we see a close around 1800 before the end of the week, this could change, but as you also guessed, this possibility is unlikely. IMPORTANT! A trend formed from the 1108 level on a daily basis has been broken and stands as a strong indication of a significant decline. Therefore, it is worth repeating this again. The 1618-1610 range could be considered a scalp trade, given the strong indications of a significant decline. Long positions currently appear somewhat risky. I reiterate the potential target as 1557. The strong sell signal on the weekly chart is significant for both BTC and ETH. These signals put all long positions at risk. I also recommend using stop orders for your spot purchases. There's no need to prolong the analysis. In short, you can continue with your short positions by placing stops nearby, and for long positions, it would be wise to closely monitor them and use the saying "take profit when it's good." About 1.5 weeks ago, I mentioned the potential for a strong sell intersection on the weekly chart for BTC, and it happened. Now, 1 week later, we have the same signal and danger for ETH. If you liked my analysis, please share your thoughts in the comments. Wishing everyone profitable trades.
Short
by Alpekon
1
ETHUSDT at weekly support, will that hold?The price has fallen back again to the weekly support 1 zone which screams for a buy but here is a bit of confusion I have when I see the BTC chart. BTCUSDT chart is suggesting that it is going down which means further down move for ETHUSDT towards weekly support 2 zone. Or its the other way round, ETHUSDT is suggesting no further down move and so BTCUSDT shall hold. Kind of conflicting, but pure ETHUSDT chart without considering any other factor suggests a long trade favorable here. But since other factor is involved, the risk shall be minimized by smaller position size and strict stop loss management.
Long
by angela_altair
ETHUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower 2 possible scenarios on the chart, everything will depends on BTC, for growth we should to realize yellow marker, if we get decrease under ~1830, then we will catching ETH in zone 1700-1620 In any case main target zone: 2300-2500 Stop: (depending of ur risk). ALWAYS follow ur RM. cancellation of scenario - consolidation under 1500 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive