ETHUSDT - Fractal from 2021 shows +140% ⬆Hi 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 3 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 observe similar price behavior around the current resistance zone. If we consider a chart fractal from February 2021, Ethereum could take a brief breather before rallying over $2000. 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 daily candle close ABOVE this supply zone , the next logical stop is $2000 and beyond. If you're lucky, you may get another chance to buy a little lower before the rally.
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.
While you're here 👀 Check out this idea on Bitcoin:
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Ethusdtlong
ETH Long Scalp Setup OTE Asian Low - Re-EntryDay's Bias: Bullish
Plot:
- Re-Entered after price shows a long entry setup after taking out short-term low liquidity.
- Setup model, Price takes out Asian Range Low by London Session to go higher and take out buy-side liquidity.
- Price Consolidated right above unmitigated optimal long entry before London Session.
- Asian Range cleanly sets up buy-side liquidity targets before NY Session ends.
- Day's Bias based on candle stick analysis.
- Price consolidates and shows strong willingness to seek higher prices after reaching OTE .
- Highest target Previous Day's High.
ETH Long Scalp Setup OTE Asian LowDay's Bias: Bullish
Plot:
- Setup model, Price takes out Asian Range Low by London Session to go higher and take out buy-side liquidity.
- Price Consolidated right above unmitigated optimal long entry before London Session.
- Asian Range cleanly sets up buy-side liquidity targets before NY Session ends.
- Day's Bias based on candle stick analysis.
- Price consolidates and shows strong willingness to seek higher prices after reaching OTE.
- Highest target Previous Day's High.
Ethereum -> Don't Trust The BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just retested and rejected a quite obvious previous weekly resistance area and is now approaching a previous weekly support zone.
However we are also having a bullish weekly ema crossover and just recently created another higher high, so I am now just waiting for the market to retest the next support zone before then starting the next push towards the upside.
On the daily timeframe you can also see that we are about to retest a previous daily support area, so I am now just waiting for the retest and some bullish confirmation before I then do expect the next push towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETHUSDT Daily: 25/02/2023: Is 2000 reachable?
As you can see, there are 2 scenarios in front of the price.
After touching the supply zone, the price had a bearish reaction, and we can expect a more bearish move.
Bullish scenario: Personally, I follow this scenario. We can define the demand zone on the chart that can push the price up. In this case, we can expect the price breaks the supply zone and reach higher levels that you can see on the chart.
Bearish scenario: Technically expectancy of the price action is follow this scenario. Since the price had a bearish reaction to the supply zone, we can expect more fall.
💡Wait for the update!
🗓️25/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
#ETHUSD- PROBABLY THE BEST TIME TO INVEST!!ETHEREUM long term bias is bullish due to many reason one of the crucial reason is price momentum have changed, already touched the lowest level as crypto crashed, price is currently in process of making big bullish impulses so let's not miss it out on it!!
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Ethereum -> The Beginning Of The Next BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
From a weekly perspective Ethereum and the whole crypto market is looking like it is potentially slowly starting the beginning of the next crypto-cycle.
On Ethereum specifically it seems like the market just wants to head higher and create a very bullish long term double bottom, before then eventually starting a short term correction to the downside.
On the daily timeframe I am now just waiting for an opportunity to enter a long postition, however the market is currently testing previous resistance which is turned resistance once again, so I am just waiting for a break above the zone, followed by a retest and then there is a high probability that we will actually see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETHUSDT probably heading to next weekly resistance at 2500ETHUSDT closed above weekly resistance turned support (1570-1590) last week. This is bullish for the price action.
The next resistance is around 1950 but this wont be able to hold back the price if there is some momentum in the price as this level will not act as a strong resistance this time.
A major resistance at weekly level is at 2500. This will act as a major resistance probably. There is a fair chance that the price in this run will test this resistance at around 2500.
ethusdt - a triangle before the last wave of growth.- The wave triangle is drawn before the final rise.
- We're down to 1680.
And more info on the video
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ETH/USD Macro ViewWelcome back to RS_Crypto Analysis! Today I would like to share my insights on the ETH/USD pair from a macro perspective.
Based on the previous bull run of ETH/USD from 2016 to 2018, the price dropped by 75% from its all-time high before recovering to the 50% level. The cycle bottom was reached when ETH dropped to 93.5%. I believe that the current market conditions may repeat this pattern, with ETH having already declined by 75% from its all-time high. I am anticipating a potential rebound to the 50% level, providing a favorable short-entry opportunity.
Please note that this trade idea is based on my personal analysis, and I suggest that you conduct your own research and manage your risk accordingly before following this idea. Additionally, I will be executing this trade from my spot account.
ETH USDT BINANCEETH ranging from 2000-800.
Sell around 2000 level.
ETH following Bitcoin rally.
Plus FOMO and retail we could have a relief rally then correct heavy for one last true bottom near 800.
These are just my opinions and isn't financial advice.
DYOR
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ETHUSDT LONG Setup!!ETHUSDT (1h Chart) Technical analysis
ETHUSDT (1h Chart) Currently trading at $1638
Buy level: Above $1640
Stop loss: Below $1582
TP1: $1662
TP2: $1681
TP3: $1780
TP4: $1850
Max Leverage 3x
Always keep Stop loss
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