📊#ETH double top short target completed, alert to rebound risk🧠In the end, we continued the decline according to the double-top short structure. At present, all the goals of the short positions have been achieved. Short sellers should lock in profits in time and be alert to the occurrence of rebound. To go long, you need to observe the structural form here.👀
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ETHUSDTPERP
📊#ETH bulls are structurally intact, stay patient☕️🧠From a weekly perspective, the goal of our double-bottom long structure has not been fully realized. Combined with the expectation of supplementary growth + the existence of the Cancun upgrade expectation, the upper goal is still worth looking forward to, we just need to remain patient.☕️✔️
➡️Let us look forward to it together🙏🚀🌕
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ETH/USDT Long SetupETH/USDT
Entry: 2100-2134
Take Profit: 2300-2350
Stop Loss: 2019
Risk to reward: 1:2
Technical Thesis:
We observe a local support for Ethereum at $2,210 and a significant support area at $2,134. The price is anticipated to undergo testing at these levels shortly, making $2,134 an attractive buying opportunity for ETH.
My very 1st IDEAHello Fellow Traders,
please feel free to comment on this type of setup. I have used a similar setup on eurusd and noted that it has played out after sometime.
setup consists of 6 trades - 3 Long & 3 Short covering range from 1580 to 2280. I use 5x. noted 19th has Fed Speech so could rip through all my closer entries.
1HR TimeFrame
TB FIB TOOL used.
🚧Ethereum Analysis(Three Falling Peaks Pattern)🚧🎄Merry Christmas!
💫Happy Holidays! I hope all of your Christmas wishes come true.
✅ Ethereum(ETH) managed to form a Three Falling Peaks Pattern near the 🔴 Heavy Resistance zone($2,540_$2,300) 🔴 and 🟡 Price Reversal Zone (PRZ) 🟡.
📚What is the Three Falling Peaks Pattern❗️❓
🔸 The three falling peaks pattern consists of three peaks and two valleys of give or take equal size. The pattern has a downward slope meaning that each peak is lower than the last, and the same applies to the valleys.
🔸The three falling peaks pattern validly forms when, after the last peak, the price falls below the second valley signaling a market reversal and a large price drop.
🔨Also, Ethereum managed to break the Support line and 🟢Support zone($2,270_$2,245) 🟢.
🔔I expect Ethereum to continue its decline towards the next 🟢Support zone($2,167_$2,116) 🟢 after completing the pullback to the 🟢Support zone($2,270_$2,245)🟢 and Support line .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), 1-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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Eth Is Strong Here ETH/USDT is showing promising signs. It looks like it's gearing up for a bullish move, and I anticipate the price to increase by 15-30% in the coming days. However, it's important to note that this is not financial advice, so please do your own research (DYOR) before making any decisions.
#ETH is about to make a massive 20% move!ETH is poised to make a move to $2700, representing almost a 21% increase from the current market price (CMP). The breakout from the wedge is clean, and there's a perfect retest happening as we speak. This anticipated movement is expected to trigger significant gains in other altcoins. Some of our gem coins have already started moving, with a few experiencing gains ranging from 50% to 100%!
For those interested in futures trading, you can use this chart with the right stop-loss (SL) in place.
Trade Details:
Entry Range: $2166 to $2255
Target Levels: $2377, $2433, $2544, $2634, $2712
Stop Loss: $2098
It's crucial to use a stop loss, especially in the current high market conditions. Failing to do so might result in giving back hard-earned gains to the market.
Cheers!
If you're interested in more updates, feel free to hit the like button and share your views in the comment section.
Thank you.
#PEACE
*Note: This information is not financial advice. Please conduct your research.*
"Ethereum Price Analysis: Breakout, Daily Trends, and HistoricaIn the weekly time frame, Ethereum broke out of this horizontal resistance, resembling the pattern observed in the last bull run. Following this breakout, a retest similar to the previous bull run is anticipated.
In the daily time frame:
- Ethereum faced rejection at the $2400 level.
- The $1800 to $2000 range is identified as a support level, also representing the 0.382 level of Fibonacci retracement.
- In my opinion, the optimal entry point for Ethereum is within the $1750-$2000 range.
Regarding Ethereum's historical data:
- In the first cycle, after the all-time low (ATL), CRYPTOCAP:ETH took 777 days to surpass its previous all-time high (ATH).
- If history repeats itself, a new ATH could potentially be reached around 700 days from today, possibly by July 2024.
- The last bull run lasted around 1071 days.
- This time, it is expected to last between 1071 to 1064 days of a bull market.
Based on fractal analysis and chart data, it is anticipated that Ethereum will reach its next bull market peak in May to June 2025.
ETH unlikely to dip below $2,000 ETHUSDT Technical Analysis Update:
There are two potential scenarios for a rebound.
Scenario 1: The previous resistance level at $2,140 could now act as crucial support for ETH, potentially triggering a bounce from this level.
Scenario 2: At the $2,000 level, two historical resistances could act as support for ETH. Additionally, the $2,000 level carries psychological significance as support for ETH.
If Ethereum (ETH) price reaches the $2,000 level, the 100-day Exponential Moving Average (EMA) could act as a potential support in the day chart.
Ethereum price may consolidate above the $2,000 support level for a month before the upward move.
I believe the ETH price is unlikely to fall below $2,000
🗺️Ethereum Roadmap🗺️⏰(15-minute time frame)⏰✅It seems that Ethereum managed to break the Important Resistance line .
⚔️At the moment, Ethereum is attacking the 🔴 Heavy Resistance zone($2,540-$2,300) 🔴.
🌊According to Elliott's wave theory, Ethereum completes a main wave 5 .
🎯Main wave 5 is likely to be completed in my Target .
Ethereum Analyze ( 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETHUSD $2361 targetCRYPTOCAP:ETH break down channel up, but failed to break fibonacci support
bullish target from this position at $2361.92
If fibonacci failed, we have another support at $2199 classic support
And $2100 major support.
My opening position :
Long : 2234.99
target : 2361.92
Stoploss : 2217
used equity : $16.5
target profit : $70.5
Profit percentage : 706%
PnL : 7
Hedging :
rebuy1 : 2199 (same target and percentage loss ratio)
rebuy2 : 2100 (same target and percentage loss ratio)
📊#ETH achieves mid-term TP, remember to lock in some profits✔️➡️If you check my posts often, you will find that I have been optimistic about the rising potential of ETH from very early on, and published an analysis post on the ETH/BTC exchange rate on November 5. At that time I suggest that everyone hold the spot of ETH and wait to go to the moon. In the later period, it developed as expected and everything went smoothly.✔️
🧠The trading idea here is that when we break through the short defense point, the structure here changes, which means that the short structure is destroyed, and then only the double bottom long structure is left as the supporting power. So after confirming this signal, I started to be crazy bullish on ETH and bought a large amount of ETH. In the subsequent analysis posts, I have also maintained a bullish view on futures trading. If you follow me, you should know it very well.💯✔️
⚙️At present, we have completed the mid-term goal. The realization of the macro-cycle goal is usually accompanied by the adjustment of the macro-cycle, so I have reduced some spot holdings here, and most of the profits from futures are locked here. But I have longer-term goals for ETH, so let us look forward to the rest.☕️🙏🎯
🔥Congratulations to all the friends who followed us to print money🎉💰🍻I have helped everyone make money, so I hope you can also help me. Please remember to like❤️share my analysis posts and channels. 📤
Important support and resistance area : 2103.75-2159.0Hello traders!
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Have a good day.
-------------------------------------
(ETHUSDT chart)
(1M charts)
The key is whether the price can be maintained by rising above 2103.75-2159.0.
(1W chart)
The key is whether the HA-High indicator can indicate touchable movement.
Therefore, it is necessary to check whether it rises to around 3662.19, where the current HA-High indicator is located, or whether it swings up and down and the HA-High indicator falls and a new one can be created.
Therefore, the 2103.75-2159.0 section is expected to play an important role of support and resistance.
(1D chart)
It is necessary to check whether it can rise above 2104.60 around December 5th and rise along the upward trend line.
Otherwise, if the price falls below 2042.59 and maintains the price, it is expected to fall to around 1879.61-1923.03.
At this time, caution is required when trading as it may fluctuate near the MS-Signal indicator, that is, around 1979.39.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
⚠️Ethereum(ETH) will Go Down at least ➖40%⚠️👋Hi, everyone. I hope you have a great weekend.🥳
📈Today, I am going to analyze Ethereum(ETH) for you; since more than 80% of the Tokens in the cryptocurrency market are on the Ethereum network , I hope this analysis will give you a good insight into investing in Ethereum(ETH)and other tokens .
✅Ethereum(ETH) reacts well to the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴 and has taken a downward trend again in recent weeks .
☠️One of the reasons for the fall of Ethereum(ETH), in addition to hitting a 🔴 Heavy Resistance zone($2,520-$1,880) 🔴, is the DeathCross Signal .
📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day .
💡Also, if you look carefully at my chart, the Pitchfork lines also have a good effect on Ethereum(ETH), although in order not to make the chart busy, I refrained from drawing all the lines.
🌊According to the theory of Elliott waves , Ethereum(ETH) seems to be in a Super Cycle so that the main wave 3 ended at $4,868 and Ethereum(ETH) is currently completing the main corrective wave 4 .
🌊Considering that first microwave of the main wave 4 has 3 waves , it is a bit difficult to recognize the correction structure of the main wave 4, but most likely it will be a correction structure of the Double Three Correction(WXY) type.
🌊It seems that Ethereum(ETH) has completed microwave X of the main wave 4 in the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴, which can be one of the signs of the ☠️ Death Cross Signal ☠️.
Now, before concluding, let's take a look at the ETHBTC chart analysis, which gives us a good idea that if the cryptocurrency market falls or rises, Ethereum(ETH) will rise or fall more or less than Bitcoin(BTC)(About 4 months ago, I shared with you the analysis of ETHBTC which is running well✅).👇
💡The chart above👆 shows that it is likely that Ethereum(ETH) will start to rise again after entering the 🟢 Heavy Support zone(0.057 BTC-0.049 BTC) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡 will be less affected if Bitcoin(BTC) falls.
🔔As a result, I expect that the Ethereum(ETH), as I explained to you, will have a downward trend( ➖40% ) in the next 3-4 months and will begin to rise again, at least to the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴 as it approaches the 🟢 Heavy Support zone($1,060-$744)🟢 , Support line and Pitchfork lines .
🔔So it's better to invest in Tokens that are on the Ethereum network and wait for Ethereum(ETH) to at least enter the 🟢 Heavy Support zone($1,060-$744)🟢 , maybe Altseason will start from this zone.
🙏In the end, I have to apologize for the fact that the chart is busy, but in my opinion, all the lines and indicators were needed for your better understanding of the analysis, and I also hope that this analysis has an 📚 educational 📚 aspect for you.
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I would be happy to share your opinion about Ethereum(ETH) for the mid and even long-term below this post.
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Ethereum Analyze (ETHUSDT), Weekly 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 may continue to rise based on the falling wedge📈➡️After 10 + days of consolidation, we gradually formed a descending wedge pattern (we generally rose according to this model). If we follow the falling wedge model, the ideal double short target may not be fully realized, so we should not be too persistent, the trading market is so changeable, so we should remain flexible, so that we can follow the rhythm of the market to make money.
🧠Therefore, if we stop and stabilize in the support zone, we will most likely start the rally from here and then challenge the bears and the previous high above.
🧠If we break below the support zone and the bulls, then the lower buy zone is a good place to watch.
Let's see👀
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ETHUSDT Ascending Triangle Pattern!!ETHUSDT (1h Chart) Technical analysis
ETHUSDT (1h Chart) Currently trading at $1973
Buy level: Above $1970
Stop loss: Below $1941
TP1: $1990
TP2: $2030
TP3: $2075
TP4: $2140
Max Leverage 10x
Always keep Stop loss
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Another 17% Upside for ETH?Historically, the correlation coefficient between ETH and Bitcoin is almost perfect.
Admittedly, the correlation between the two assets was weakened between September 11th – October 8th.
Regardless, the correlation between the two is back (current value 0.88).
Furthermore, ETH’s current PA mimics BTC’s PA between October 23rd and November 8th. ETH is now forming a cup and Handle pattern. BTC had to get above a trendline resistance to realize this pattern. ETH also must break above its trendline resistance to complete the same pattern.
Bitcoin Cup and Handle:
Bitcoin will likely continue to inch higher in the coming days, allowing ETH to complete its push-up to around 2300 USDT.
Trade Idea:
The trade setup depends on completing the Cup and Handle formation.
Invalidation:
Daily close below 1917 USDT.
NFA.
What do you think? Please share in the comments.
Best Wishes.
📊#ETH short structure still in place, cautious long⚠️🧠ETH structure will look clearer, it is clear that the double head short structure, the current short target has not been fully realized, so even if the rise we can not be too optimistic, try to maintain the rally after the short view.📉
⚠️Note that if our short defense point is breached, it means that the short structure is broken, which means that the probability of continuing the pullback will be reduced.✔️
Let's see👀
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The Ethereum Bull MarketSimilar to my idea with the Bitcoin bull market, however I expect some initial underperformance from Ethereum relative to Bitcoin with Bitcoin dominance targeting around 60%.
2024 : An upside swing on Bitcoin to $52.3k can drive Ethereum up to $2,450 range but then to pull back more significantly than bitcoin to place a 2024 low around $1160. This may not play out but a bitcoin buy pullback to 28,600 in 2024 would signal an Ethereum buy (whatever the price) for an upside swing to a higher high around 6,300, as Bitcoin rejects 64K to prepare a more horizontal neckline compared to an upward sloping neckline on Ethereum.
2025 : A pullback in 2025 for the low to be around $3,100 and inverse head and shoulders projection targets 37K, but exiting the market around 20K upwards after accumulating 2-3k seems more than adequate.
All the best with the journey which is sure to cause trouble for the faint hearted along the way. :D