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Ethusdtrading

ETHUSD: extreme buying pressure starting final rally to 13,500Ethereum is only marginally bullish on its 1D technical outlook (RSI = 59.416, MACD = 151.530, ADX = 33.428), not to mention the 1W timeframe where it just crossed over the 1W MA50. Still, on Mayer Multiple Band terms, it is on the same part of the Cycle it was in October-November 2020, when it rebounded on the Cyclical Pivot Zone and initiated the hyperbolic rally that hit the top red Band and peaked on the 1.618 Fibonacci extension. Aggressive as it may seem, this is our target (TP = 13,500) for this Cycle also. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ETHUSDLong
by InvestingScope
7
ETHUSD: 12 weeks of bottom formation finally over. 4900 is next.Ethereum has just turned bullish on 1D but remains neutral on its 1W technical outlook (RSI = 47.413, MACD = -97.490, ADX = 28.674) as the price is on the 12th straight week of consolidation inside the 1W MA50-MA200 range. This sideways trading is being performed at the bottom of the Channel Up that started in June 2022 and has already seen three major bullish waves. Once the 1W MA50, we will have confirmation that the 4th one is starting. When that happens, aim for no lower than the All Time High (TP = 4,900). The 1W RSI has already crossed over its MA. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ETHUSDLong
by InvestingScope
4
ETHUSD: It is now or never.Ethereum is marginally bearish on its 1D technical outlook (RSI = 40.248, MACD = -101.950, ADX = 33.304) as it pulled back to the 1W MA200 again, failing to capitalize on August's rebound attempt. If we compare it to its prior Cycle, this is Ethereum's final chance to hold the 1W MA200 and keep step <7> valid, which in September 2020 exactly 4 years ago, it started an outstanding rally to the 1.618 Fibonacci level and cap step <8>. If the market replicates this move, we can print 13,500 in mid 2025. Compared to the previous Cycle we are currently higher on step <7> than we were then, so unlikely as 13.5k may seem, it is technically plausible. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ETHUSDLong
by InvestingScope
1
ETHUSD: Technical rally is on the way to 13,500.Ethereum is on very balanced bullish technical levels on the 1W timeframe (RSI = 65.615, MACD = 296.600, ADX = 38.829) suggesting a healthy, sustainable uptrend. Just a few days after the ETF approval, ETH is breaking out of the March-April correction and in comparison with the previous Cycle, has completed step <7>. This is taking it out of the accumulation curve pattern and into the parabolic rally. As you can see the two Cycles have so far been similar and the expectation is that the trend will continue and the new Channel Up will take ETH to stage <8>. That is a top on the 1.618 Fibojnacci extension, which is at 13,500. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ETHUSDLong
by InvestingScope
5
ETHUSD: Where will it find support?Ethereum crossed and closed two days ago under the 1D MA50 for the first time since February 5th. This suggests that more selling could be ahead of us but how low can the price go? We believe it will enter the green range between the 1.0 and 0.0 Fibonacci levels, which has been the Buy Zone of the two rallies of the Fibonacci Channel. It is very likely to come as close to the 1D MA100 as possible in order to attract more buyers and then rebound. As before, a 1D MACD Bullish Cross, will confirm the bullish reversal. Our next Target is between the 4.0 and 5.0 Fib Zone (TP = 5,900) at +13% more than the last Bullish Wave. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ETHUSD
by InvestingScope
2
ETHUSD: Preparing a Bullish Cross rally that can peak at $11000.Ethereum is bullish on the 1W timeframe (RSI = 66.069, MACD = 130.450, ADX = 40.617) as despite the nonstop rise since October, it is close to a 1W MA50-100 Bullish Cross. Last time we got this pattern was on August 17th 2020, with the price again on the 0.618 Fibonacci level, having already started the post COVID crash recovery that transcended into the Cycle's parabolic rally. The 1W RSI structure among the two Cycles is identical and currently we are on a the third pullback of the Channel Up. The previous Cycle topped a little over the 1.5 Fibonacci level. A repeat of this will deliver us 11000. Do you think the 1D MA50 and initiate a new bullish wave? See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ETHUSDLong
by InvestingScope
1
ETHUSD: Golden Cross consolidation, before the rally to $2440.Ethereum is marginally bullish on the 1D technical outlook (RSI = 58.849, MACD = 64.500, ADX = 17.549) despite the despite the 19 day consolidation, suggesting strong underlying bullish bias. This shouldn't come as a surprise as the long term pattern has been a Channel Up in the last 12 months and on top of that, a Golden Cross was formed last week on the 1D timeframe. The last time we had such a bullish formation was during the previous mid HH bullish leg consolidation on February 8th. After almost 2 months of ranged Rectangular trading, the price resumed the bullish trend and topped a little over Fibonacci 1.5. Being right now exactly on the middle of the Channel Up, we spread the risk by taking a buy position now, targeting the 1.5 Fibonacci level (TP = 2,440) near the top of the pattern. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
INDEX:ETHUSDLong
by InvestingScope