Ethusdtlong
ETHUSD Opportunities Read DescriptionIf you follow my previous analysis that I did for ETH a couple weeks ago I explained and marked the area in where there was going to be the possibility for a reversal because of profit taking. I closed my longs positions around that area after I saw that price was starting to create a distribution schematic. Now, with that being said, it never provided a reason to go short until a couple days ago when the daily trendline was broken. It was the only cryptocurrency that broke the long term trendline as many of the others remain in a bullish state. I waited for a retracement and failure to go above the 61.8% of the fibonacci on the smaller timeframe (1HR) and opened short positions, one already took profits and the other at break even and let it run for continuation.
Now, where could the next opportunities be taken? Well, if price manages to break the B point marked on the chart which in my opinion will do, we will have to wait until it reaches one of the two important key zones marked on the chart as not only they are key fibonacci levels, but are also the ones that have the most structure/ confluence with structure. It is important to understand that even though I opened shorts positions, price structure remains bullish and this will be just a pullback of the higher timeframes. However, if price manages to break the levels marked in the chart then the long term bull run will be invalidated. I do still believe that price will continue higher after reaching the first area marked on the chart, but it is highly important for us to be patient and wait for price to reject the area and create a support in such area before taking a long position. Stay safe, good luck, good trading!
ETH BTC Huge Breakout ImminentIndicators are all flashing extremely bullish and our target out of this bull flag/inverse head and shoulders would put ETH over the golden pocket and up around $3,465. It would put Bitcoin just shy of $50k. It would put Matic at $1.72. Incoming, keep your eyes open for it!
ETH/USDHello Everyone,
I am publishing my first idea here for ETH/USD.
The idea here is a Fibonacci Retracement, Support & Resistance, Elliot Wave analysis & Candle stick pattern.
As we see ETH will test the new support level from 7th August & retested on 9th August which also happens to be 0.618% of Fib Retracement. If the support fails it will retest 0.5% of Fib Retracement which also happens to be the 4th Elliot wave.
Elliot Wave 4: The trend line analysis from the beginning of wave 2 till end of wave 3 with a parallel line projection from end of wave 2 gives us a potential for wave 4 to end when it reaches the projected trend line.
Elliot Wave 5: The trend line analysis from the beginning of wave 3 till end of wave 4(assuming as per trend line analysis for wave 4) with a parallel line projection from end of wave 3 gives us a potential for wave 5 to end when it reaches the projected trend line.
The daily Chart shows a bearish pin bar for 18th August & weekly it’s projecting a Tweezer top, I prefer to wait for the end of 4th Wave.
PS: Do your own research & trade based on your own descision.
Please share your thoughts and comments for a better understanding
Update: ETHUSD Swing Currently 53%, 9% Gain to Target 🎯 Update: ETHUSD Swing Opportunity Currently 53%, 9% Gain to Target 🎯 @ $3,617. See previous analysis below. Happy Trading :)
Update 10/08/2021: ETHUSD Currently 6% In Profit 12% Target 🎯 Now 44% in profit from the 13 EMA 50 SMA crossover. Next target @ $3617 and new ATH @ 4804 before October.
$ETH - Complacency Shoulder or 10K?$ETH - argueably the strongest asset on the crypto market rn, just look at the amount of up candles on the daily with virtually no pullbacks
But, now we are coming into the OTE of the huge downmove
The downmove which never actually broke weekly structure to the downside, only the daily
Thus we can look for shorts within these Daily Bearish Order Blocks, which is overlapped by a 3D OB
I will not be blindly shorting though as the asset is so bullish into the sell area
Any triggers though and I think we could swing down to the MO and D OB that overlaps it depending on how BTC plays out
If we get though the first D OB, I wouldn't be too surprised and a long of the retest into new ATH's could really be the play
ETH 2.0 coming on smoke
ETH looking at minor pullback before shooting back upFinally Crypto good days are back.
ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back.
I have highlighted the area of value which could be a good option to go LONG.
It will need to break current Resistance at 3189 before continuing its journey up.
ETHUSDT Will Go Higher
Welcome back Traders, Investors, and Community!
ETHUSDT on H4 has gone above the channel. After the pullback can go higher.
⬆️Buy now or Buy at 2841.31
⭕️SL @ 2173.7 or SL @ Support Breakout
✅TP1 @ 3343.9
✅TP2 @ 3591.3
✅TP3 @ 3974.5
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ETH Updated Trendlines and Important LevelsHere are some buy targets for the upcoming consolidation, assuming that the uptrend continues. Orange lines are critical daily levels that have been respected in the past. In a healthy uptrend we should not drop below the golden pocket - that should be the lowest point. This has been the case on all of the previous moves and consolidation in this uptrend, if we lose the golden pocket that is the first warning sign