Ethereum- 2600 is my target for this correctionIn my yesterday's comment I said that under 2.4k, Ethereum can be a good buy for traders that wants to speculate on a correction.
After 2 dips under this figure, EthUsd has recovered nicely and has made a series of higher lows and the low TF chart shows an ascending triangle pattern.
The crypto is trading now in the resistance of this pattern and a break up can occur.
My target for this correction (Yes, so far is just correction) is 2.6k with negation under 2.3
Best of luck!
Mihai Iacob
Ethusdtlong
ETH/USDT 4 HOUR UPDATEWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT analysis is bounce and the trade line bullish signal ETH/USDT is bearish pattern
If ETH/USDT bounces the old coin bounces slightly
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Ethereum- Higher low in place?Although it has broken under 3200 support, losses for Ethereum are limited and I don't "see" much sell power.
The crypto may have found a new low above 3k and a new leg of correction to come.
I'm cautiously bullish at this moment with more confirmation above 3200.
A daily close above 3200 could expose 3600 important resistance and 3400 is now interim resistance.
A drop under 3k would put bearish scenario back in play.
Best of luck!
Mihai Iacob
Ethereum can rise to 3650After a short-lived dip under 3k figure, EthUsd has started to rise and has regained pretty quickly 10% of its value.
This correction could continue for Ethereum and we can see it challenge 3650 important resistance.
I'm bullish as long as 3k is intact and I will look to buy dips in search of a good R: R ratio.
ETH Dump to 2700s (Real Bottom)This fractal is replaying and projecting that we are about to dump down from this W to form the inverse head and shoulders which will actually represent the bottom before the reversal. The 1.618 fib level will predict the bottom which just so happens to be in perfect confluence with the last time we played this pattern out. I'm short from here and will long the quick wick down to the golden pocket just like I did at the bottom of this W
ETHUSDT WAVE ANALYSIS (GLOBAL VISION OF CURRENT SITUATION)Hello friends.
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Everything on the chart.
Sorry, it's a little messy because this is the main chart where I keep my markup.
If my markup is right globally we are in Running Triangle wave of (4).
This year ETH can grow by 60-200% in dollar terms, which is a very worthy potential, and definitely deserves our attention.
Right now, I am building up a spot position with a stop loss around $ 2200 and targets from 5100$ per coin.
Good luck everyone!
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Potential Bottom for ETHSo we have this major upsloping trendline that lines up perfectly and has played significant support/resistance in the past and on top of that we're right in the golden pocket if you pull the fib from ATH to 0. Also there's a bullish divergence on the 3 hour on Market Cipher B which is usually a pretty good sign that we're hitting bottom. We may only end up going back up to form the right shoulder of what looks to be a gigantic head and shoulders that's forming but it's possible that we just keep on going. We'll see what happens. I'm opening significant long positions from the bottom of this golden pocket
ETHEREUM NEAR FUTURE PREDICTION(1HChart)Technical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 2 Downtrend in red color (Long Term and internal)
We have 2 Uptrend in green color (Internal Uptrend and long term uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
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ETHUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 4400 - 4700 - ~5000
after first target reached move ur stop to breakeven
stop: ~3800 (depending of ur risk). ALWAYS follow ur RM .
riwk/reward: 1 to 6
risk is justified
Good luck everyone!
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It's not financial advice.
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ETH/USD: Climb Higher Could Spark Risky Speculative WagersETH/USD is trading slightly above the 3800.00 mark as of this writing. In yesterday’s trading, ETH/USD stumbled to nearly the 3715.00 level, before it sparked a reversal higher. However, ETH/USD remains within the lower realms of its one-month range and is still below mid-December trading realms. As the New Year begins its markets trading, speculators will have a difficult technical question to answer regarding their perceptions.
The broad cryptocurrency market remains under pressure when looking at the past week of results. Cryptocurrency is not affected by closures of markets like many financial assets. Speculative wagers continued, and weekend trading has certainly affected Ethereum along with its major counterparts. ETH/USD is in the midst of a rather intriguing value and, if support is challenged below, it could spark nervous sentiment.
The 3800.00 may be thought of as a fake psychological barrier by some technical traders, but if ETH/USD once again falls below this depth it could be a bearish signal. From the 29th of December until yesterday, ETH/USD continued to trade below the 3800.00 in a sustained manner. If the current price shows weakness again, traders may perceive yesterday’s late reversal higher as a temporary move upwards, while suspecting additional selling may be demonstrated.
The level of 3775.00 should be watched by traders. Some aggressive sellers may decide this ratio is take profit vicinity if they are shorting ETH/USD, but to do that they would need to be using a conservative amount of leverage to make sure that trading moves in the wrong direction short term does not knock them out of the game. Resistance levels above around the 3840.00 to 3850.00 levels could prove to be difficult for ETH/USD to penetrate. And until ETH/USD moves above the 3900.00 level and maintains value above this juncture, the cryptocurrency could be perceived as remaining within a bearish mode.
Speculators should be careful with ETH/USD as the potential for additional volume creeps into the market, if institutional traders do decide to get involved. Stop loss and take profit ratios should be considered wisely, because volatility may grow near term. The broad cryptocurrency market continues to display signs of selling pressure and ETH/USD has not escaped this shadow. Traders should not be overly ambitious and if their wagers are profitable, cashing in winning positions would likely be a good decision if they are produced.
Ethereum Short-Term Outlook
Current Resistance: 3847.00
Current Support: 3774.00
High Target: 3910.00
Low Target: 3694.00
ETHUSDT Analysis (All Possible Scenarios)Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
As you can see that ETHUSDT is also forming a falling wedge, so be ready for bull move.
What about me? Locally, of course, I would like to see the green scenario with 39k - to 40K test.
if will be consolidation above 39k, it means that we are going to test the upper border,
if not, then there will be another local decline in the region of 34-36k and only then growth, what option will be - time will tell, im just wait and hold my positions.
Good luck everyone!
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ETHUSD: Don't Miss the Impulse 🚀If we can breach this main supply we could have a strong run-up towards the seller stops.
Price has done what it needed to trap and create liquidity.
Do you think this bull run has potential? 🐂
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨 RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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