Ethusdtshort
📉✌ETH 1H Short position✌📈BINANCE:ETHUSDT
COINBASE:ETHUSD
Hi traders, first take a look at my previous analysis and positions.
💥Three Drive pattern💥
between now and the yellow area,you can open a short position in two steps.
If the price falls and reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5-6-7-8 are on the chart.
The optimum stop-loss is above the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
The insidious Ethereum.Hi all.
I held a short position on Ethereum for three months (July-October), which gave me just a zero sum exit.
It's already good that I wasn't liquidated.
But I didn't earn anything on that trading pair.
I am still considering entering a short position on Ethereum and
I still have the same opinion about market situation.
The market has not exhausted its bearish potential.
Those who have been trading cryptocurrencies for a long time know that globally the crypto market is not rising against the stock market, and can only rally based on a fundamentally good situation.
We expect FED key rate hike, we expect SPX to fall further below 3000 points (all the way down to 2100).
All this will take both Bitcoin to the $ 10,000 level
and Ethereum to the $ 400 level.
The market's timid hopes for growth now have their own price ceiling.
It's important for us to consider where it might be.
I open my favourite 3D chart and I see signs of local growth emerging.
The Kumo cloud has been broken up, Kijun-sen line has been broken, and the EMA50 has been broken… Well.
This is quite promising given the indicator readings.
However, a true bull market requires a much different picture in my mind than the bounce we are seeing here…
1. Test global support on the weekly chart. I believe this is $400.
2. Altcoins can make a real upward rally after Bitcoin has finished a dowtrend correction entirely, there is no real altcoin growth without a genuine BTC correction (see my old idea about bitcoin "85%-85%"). $ 10,000 level is still important.
3. Ethereum will need to test EMA200 line, and upper bound of Kumo cloud. This is where I expect inability to confirm the trend. A consolidation above $2,100 would require significantly more expensive Bitcoin. And we do not see the end of the correction.
4. Of the positive factors is only that Bitcoin dominance is falling again. Which allows Etherium to hold capitalisation. Yes, but you need to always remember that falling Dominance and rising Bitcoin is one picture... and falling Bitcoin falling Dominance is another... The second one is happening right now.
So, here are my thoughts, I will monitor the situation to let you know if I opened a short position at around $2095 with a stop loss of $2,300.
P.S. Also, I have been paying attention to the ETH/USDT chart @Bullish_Traders . I am not a wave trader and he is.
In his picture the failure level is $1730. There are indicative signs of growth on the daily chart, and I find it hard to believe that $1730 is the ceiling.
However, his picture is coherent and it deserves attention. I suggest you also look at his chart before making a decision.
#ETH IS TRADING INSIDE THIS DESCENDING CHANNEL PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
ETH/USDT
Ethereum broke the downward channel and continued to grow.
The price broke through the resistance line, which has now become a support line.
I think the price can test the support level and rise to the level of 1290 where I see our goal.
I am going long on ETH at CMP and I will add more up to $1170 with SL $1140
This is not financial advice (DYOR)
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
ETHUSDT Potential Short setup-Overall, the price is in the downtrend including the 4H structure.
-Right now, what I am looking for is the retracement, because most likely it will make a major structure ( Lower High)
-When the price arrive at the support, look for confirmation entry (strong rejections or Engulfing) in 30M or 1H or even 15M
Targets are 1100 and 1040
ETH SHORT - CPI DAYWELCOME TO MY ANALYSIS, GO CHECK OUT TRADING CHANNEL
ETH/USDT - 15 MIN
i would say this a little swing analysis.
If these three marked levels on the chart of 1200-1255$ not broken by the price upwards, I would say that in the next few days to weeks, it mainly depends on DOLLAR strenght, we can look lower for ETH at levels around 1045$ to 975$
THIS CAN ALL CHANGE TODAY, it all depends on the US CPI release this afternoon, of course I'll keep you informed
SEE YOU SOON
ETH Nightmare ScenarioThis is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with it. I've seen this dump coming for a while now and was wondering what the news event would be to "cause" it (because everyone knows you can predict when the news events will happen by looking at the charts) - we got our answer with FTX. The "black swan" event that broke the market. Put your hands up and yell "Weeee!" all the way down the rollercoaster. Short everything for financial freedom and then get your money off the exchanges before they freeze withdrawals lol
📉✌ETH 2H Short Position✌📈BINANCE:ETHUSDT
COINBASE:ETHUSD
Between now and the yellow areas, you can open a short position in two steps.
If the price falls and reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5-6 are on the chart.
The optimum stop-loss is above the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
#ETHUSDT bullish breakout Channel Trade setup: Following a bullish breakout of Channel Down pattern, price rallied to $1,700, which is a stiff resistance area as it also lines up with 200-day moving average (SMA200). Wait for price to 1) break above $1,700, or 2) pull back near $1,500 support for a swing entry. If it’s able to break above $1,700, price could revisit $2K. Short- and Medium-term trends have inflected bullish as well. Breaking above $1,700 would also make a Higher High (above the swing high in mid-september), which would also confirm Uptrend. (set a price alert).
Pattern: Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $1,500 (previous resistance), then $1,250. The nearest Resistance Zone is $1,700, then $2,000.
ETH Fib Time/GP/Weekly SupplyETH is currently rejecting at the GP pulled from the August 14th high to our most recent low, which coincides with the weekly supply zone around 1680. At the same time we have a macro fib time pull, marking off Thursday October 27th as a significant date - typically the fib time pulls indicate either a top or a bottom and historically they have fallen on some other critical pivot points in the past. Considering the major resistance that we are currently facing, there is a good chance we will see a retracement from here. I am starting to notice similarities between our current price action and this fractal, which I scaled up to fit. It would also agree with the idea of a retracement from here.
I also have a second scenario in mind, but either way I believe ETH will end up in the macro GP from ATH / last weekly fair value gap up in the 2400-2500 area. I will post the second idea shortly.