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.
ETHUSDTPERP
ETHUSDT likely to head towards weekly resistance around 2072ETHUSDT is trading currently above weekly support and likely to move higher towards first daily resistance and then to weekly resistance 1 zone. I believe the daily resistance should not create much trouble for the price this time. A bit of push back might be there but I do not expect something significant there this time. But lets watch. All the support and resistance levels are marked on the chart.
#ETH DAILY TIMEFRAME UPDATE!!#ETH UPDATE
ETHUSDT is in an upward trend that is constrained by resistance and support. The local resistance that has been holding back the cryptocurrency pair for a while was shattered yesterday.
The pair departs the range when the price breaks the MA-50, and it then establishes a consolidation above the line following another testing of the barrier.
The currency will start to strengthen if the bulls manage to keep the price in the new channel.
The market has been more active recently, and we can presume that this is due to the fundamentals of the economy as they relate to the dollar index.
Support is being provided by the moving averages. The support is validated by the MA-200 crossing the lower edge of this rising channel.
Strong support: 1880, 1846, 1775.
Strong resistance: 1920, 1941, 2021.
I anticipate that ETH will continue to rise until 2021 under the influence of the bullish trend and attitude, followed by a breakout and strengthening to channel resistance.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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ETH Weekly: Giant Re-Accumulation?!I believe I could make a very compelling case for the weekly chart on ETH becoming one big giant Wyckoff Re-Accumulation schematic. Before we begin, please take a minute to look at the Re-Accumulation schematic in the bottom left corner of this picture:
img.phemex.com
With that fresh in your mind, let's get back to the charts. It looks like back when we went and took out the ATH (just barely) in November of '21, it was actually serving a very important purpose. That was our UTAD before the subsequent bear market & giant dump back down to take out the lows of the AR & SOW. Once we took out those lows, we put in one low and then a higher low followed, which now serves as our Spring and Test right before a big jump across the creek.
Currently on our indicators, the 3 day is showing a giant hidden bullish divergence. Last time we printed a trigger wave on the 3 day, it caused Wave 3 (AKA the run-up from 1385 to 2146, see related ideas) and with this trigger wave coming in lower, while price is making a higher low, it forms a very strong hidden bullish divergence signaling massive uptrend continuation is on the horizon. This would fall perfectly in line with our big "Jump Across the Creek" in the Re-Accumulation schematic, as well as our Elliott Wave 5 from my previous post (link below). As of right now, our Wave 4 did exactly as it was supposed to by not retracing past the zone in between the 0.382 and 0.5, which should mean that Wave 5 is incoming.
Targets for this idea start at the macro GP from ATH around 2560 and increase from there according to your risk tolerance and profit taking strategy. Personally I will only be taking partials and plan to let this trade run as far as it's willing to run, with my stop loss at my entry.
What are your thoughts?
The Range Gives You GainsHave you ever heard of "the trend is your friend?"
I got a new one for you - The Range Gives You Gains
70% of the time in any given market, price will be in a sideways range doing nothing. People seem to think they can only make money when the market goes up or down, effectively confining themselves to only trading 30% of the time. Learn how to trade a range, it will change your life. Mark out your Value Area High & Low, as well as your POC. When price comes down to one of these levels, you check your low time frame indicators and look for divergences or other signs of a reversal. It's really one of the simplest ways to make money in any market, yet it's so overlooked & underrated. Just like the trend, you trade the range until proven otherwise.
Follow me for more trading tips - today's was a very simple fundamental tip, but I post more advanced tips ranging from Wyckoff to Elliott Waves and everything in between.
Hope you have a great day and make a bunch of money inside of this range!
Ethereum minimum growth of ➕10%!!!🚀Ethereum seems to have created a 🐻bear trap🐻 (but the 100-SMA held Ethereum well).
According to Elliott Wave theory, Ethereum is completing a c orrective structure .
Ethereum correction structure can be Expanding Flat(ABC/3-3-5) or even Double Three Correction(WXY) .
I expect Ethereum to go up to 🟡 PRZs(Price Reversal Zones) 🟡 after breaking the downtrend line .
Ethereum Analyze ( ETHUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum falls by Expanding Ending Diagonal😉Ethereum was able to complete main wave 5 by Expanding Ending Diagonal.😉
Also, we can see Regular Divergence (RD-) between the end of main waves 3 & 5.
I expect Ethereum will go down at least to the 🟢support zone($ 1945.8-$ 1926.5)🟢 and lower line of expanding ending diagonal.
If you want to know my Ethereum roadmap, I suggest you see the following post.👇
Ethereum Analyze ( OKX:ETHUSD T ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Eth Update Ethusdt
I don't think there is anything bearish on the charts yet for the short term Retesting Breakout Level in case of successful retest 20-30% Bullish move expected As long as the price of Eth is above 1800$ everything is normal.
Do your own research and always manage risk
Hapoy trading
ETH new update, a drop to 1000$?Hello traders, I am expecting a markdown on 4h and daily time frames, and we have an FVG at 1485-1567... so it means ETH should drop to this zone and fill the IMBALANCE, and then I expect drop towards 1000-1200 again before bull run starts...
we might see the target of 880$ as well,
or maybe we even see 600 or 500...
but this possibility is low at the moment, but the target of 1485-1567 is very possible for now...
enjoy trading <3
ETHUSDT on daily+weekly support zone, could be a good buy zoneThe same story on ETHUSDT. The price is at daily+weekly support zone. It has dipped only a bit in this zone but might go deeper. Anyways, this again is a good buy opportunity. However, the demand is not that strong as visible from the strength of bounce. It is possible that it dip further more in this support zone before having a proper bounce. The bounce shall be targeted to the daily resistance around 1936.
ETHUSDT - Re-entry +95.3% ROE from 20x. Reached 2 TPFrom my main review, we reopened positions with the guys and took 2 targets.
Taki reached the zone of the golden range of the FIBO grid and we have a price hold.
According to the current situation, the cluster analysis indicates accepted limit sales.
At this time, we will move the entry to no loss, and we expect the IMB to close the marks. The expectation of a fall is confirmed.
11 position plus
Statistics for all positions here. As well as the very fact of the results.
To know more about my trading ideas and updates, read the description of my account
ETHUSDT - First TP DONE, but something is not goin (+52% ROE) We reach the first target from my review, which I wrote about below
At this time, the position is closed at partial profit and stop loss without loss on the position
I expected more. But alas, this is a crypto market, and there are manipulations.
The price moves in a range.
By creating only one deviation, creating a lot of liquidity at the bottom.
If you want to know more about my activities, watch in the description of my account
ETHUSDT SIGNAL
ETHUSDT - A lot of levels are waiting for correction
Ethereum and Head and Shoulders Pattern❗️❗️❗️(Short term)Ethereum managed to form a Head and Shoulders Pattern between two support and resistance zones, so that the Head part is in the 🔴resistance zone($ 2158-$ 2123)🔴.
I expect Ethereum to at least fall to the bottom of the 🟢support zone($ 2041.40- $ 2017.68 )🟢 with the Head and Shoulders pattern.
If you want to know my Ethereum roadmap, I suggest you see the following post.👇
Ethereum Analyze ( OKX:ETHUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETHUSD bullish divergences Hello everyone, good day...
This could happen in the coming week, we can have slight correction before Ethereum takes off...
RSI/macd showing bullish divergences
pull back is around 1400-1450 around 200ma area and support level
however keeping in mind if Bitcoin crashes we could end up at 1200 area also
good luck...
ETHUSDT - A lot of levels are waiting for correctionOn the trading chart, I believe that there should be a correction of this price in the range of the golden level Fibo.
The correction will be accompanied by a zigzag form of Elliott waves (1-5)
In order to open a position - wait for the LFT confirmation
I am awaiting confirmation of my decision and plan to open a short position in the range I have shown
If you want to know about more specific actions, then look in the description of my profile