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Ethusdtlong

Ethereum - Are the bears fighting back?What's up, traders! In today's breakdown, we're taking a look at some possible scenarios for Ethereum in the coming days/weeks. Let's dive right in... Ticker: ETHUSDT Date: 04/23/23 Timeframe: 1H Supply: 1920-1950 (1st red zone), 2040-2065 (2nd red zone) Demand: 1820-1850 (1st green zone), 1685-1720 (2nd green zone) Other key levels: 1880-1890 (grey zone) Commentary: Ethereum has satisfied the Bearish Scenario 1 from our analysis on 04/19/23. We noted how volume was accumulating on the downside and mentioned that a break and retest for further downside would be a great short play which did end up playing out. We have now held demand at ~1820-1850 and continue to respect the key zone ~1880-1890 as supply at the moment. This is a channel that was respected a couple weeks ago for a few days after which we rallied into the highs of ~2150. There are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price hold this ~1820-1850 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around ~1920-1950. This is potentially a scalp setup. ✅ Bullish Scenario 2: you want to see price hold this ~1820-1850 demand, find strength to break the key level of ~1880-1890 and possibly give us a retest of this key zone for a possible move back into supply around ~1920-1950. This will also be a potential scalp setup. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~1920-1950, pull back into it and hold to turn it into demand and possibly rallying back into ~2040-2065, our next supply zone. Day or swing trade setup. 🟥 Bearish Scenario 1: you want to see price approach supply at ~1920-1950, sellers starting to accumulate and possibly catch a break and retest of this supply zone into demand at ~1820-1850 again. This will be the safer downside play - potentially a scalp. 🟥 Bearish Scenario 2: you want to see price break this ~1820-1850 demand, pull back into it and resist to turn it into supply, and find weakness again to possibly move into late March lows around ~1770 or ~1720. Day or swing trade setup.
by QuantVue
6
ETH Bullish Adam & EveKUCOIN:ETHUSDT ETH sitting in a huge Adam & Eve on the D timeframe with small buildup after breakout. Possible measured move of 50% to 3K level - will take time to develop. Enter on Break and Retest of Breakout. Lower timeframe move already in +15%. All depends on the puppet master - Bitcoin! Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
📈ETH analysis above 1900 level📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. As previously analyzed, Ethereum continued its upward trend and reached above the HKEX:1903 level. In order to continue the upward trend, Ethereum needs to stay above 1850. Don't forget to risk-free your position. Consider the impact of the Shanghai update. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
2
Ethereum - Altseason 🚀 First Stop $2000Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Over the past few weeks, I've noticed that fractals from early bull markets during 2018 and 2021 are repeating across the charts. I've made a few updates on charts that have been following similar charts patterns. On Ethereum , I have observe similar price behavior around the current resistance zone a few weeks ago and so far, this fractal is playing out perfectly. If we consider a chart fractal from February 2021, we can expect ETHUSDT to head towards $2000 as soon as BTC takes a breather. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a weekly candle close ABOVE this supply zone , the next logical stop is $2000 and beyond. Make sure you have a solid trading plan in place to buy the support zone and sell on the resistance zone . And remember... Don't be a Bob-Trader: The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this: 🤩 Bitcoin goes UP ... Bob Fomo buys the rally 🤔 Bitcoin corrects ... Bob panics and sells 🤑 Altcoin rallies ... Bob thinks, screw BTC , I'm going all in on this altcoin 😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything 🤩 Bitcoin goes up .... Bob Fomo buys the rally Moral of the story...Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL and keep in mind that there is a constant rotation between BTC and altcoins. While you're here 👀 Have you heard about the SVB saga? More info here: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
55
ETHUSDT LONGHello my friends , how are you ? today I came up with a buying idea on ETHUSDT that is also a high probability zone . see everything in the chart and I think it is going to be clear but I want you to understand this is how I see the market and I have my own edge over the market. you need to do your own research before taking any trade. trading is a probability game , understanding this will change the way you trade and you will become profitable when you understand this. happy trading
BYBIT:ETHUSD.PLong
by EthioFX
ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum The price started today's session in the green as it attempted to move back toward the 1900 level. After a low of 1845.99 on Friday, ETH climbed to a peak of 1879.11 to start the weekend. The world's second-largest cryptocurrency broke a two-day losing streak after holding above a floor at 1830. Ethereum price strength remains below support at 61.00. The 14-day RSI is tracking at 60.42, and should there be a breakout, the price would be more likely to move above 1900. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
Ethereum could rise above 2kIn my previous analysis, I said that Eth is trading in a range, and for clarification, we need a break of support or resistance. Initially, EthUsd had an attempt to break under support, but bulls quickly took control around 1700 support. At the time of writing Ethereum is trading above 1800 and it seems like the break will be to the upside. At this moment I'm bullish and looking to buy dips under 1800. A break above 1850 should lead to acceleration and 2k could be the first target, but, considering the chart structure since the beginning of the year, 2300 is very probable in the medium term. Only a daily close under 1700 would negate this scenario
BITSTAMP:ETHUSDLong
by Mihai_Iacob
6