ETH USDT LONG TERM PERSPECTIVEAccording to Elliot wave theory eth had completed its ABC corrective waves and now we are in impulsive wave 1. 2nd wave will be corrective wave so be ready guys for short targets.
BETH trade ideas
ETH Q2-Q3 2022Publishing my outlook on Ethereum for the next month or two. If I had to guess, this does another fake out short-term before both equities + crypto go through their capitulation stage.
Expecting ETH to reach the 440-530 range before it's starts a true accumulation range.
Note : all lines drawn on the 3d, but want to publish in the 1d chart for daily tracking.
Previous BTC idea:
Playing out according to plan so far:
Eth still holding upwards Elliot Wave trend, for now.Eth has been moving in a long term Fib trend while following a macro Elliot wave.
I think well see quite a bit more consolidation as the 4th wave finishes its sequence.
ETHEREUM IN A BIG DILEMMA *ETH/USDEthereum is forming triangle pattern. If the upper boundary breakout the triangle, we can see definitely good potential for long entries with target 3000-3200$.
On the other side if the price breaks out the lower boundary of the triangle we can see test and break of 2000$-1800$
In a Daily chart ETH/USD found support at the previous key area of interest, it is about to retest resistance 2900$, if the price pass through this level, next are predicted from the analysts is 3200-3500$
As long as BTC remain stable, ETH has the chance to recover in the bull direction.
ETHEREUM - RELIEF BOUNCE OR CORRECTION COMPLETE? Hey Everyone,
pulling apart the charts looking to see if they are still holding the previous patterns and projections, and ETHEREUM right now in an area of interest for me.
Way back in June, which in trading time is forever ago... I posted this chart.
And guess what... here we are...
So I am now on the hunt to see if this price prediction will still be valid, or f we are going to correct deeper for ETHEREUM...
I gave you all the chart with the cup pattern that showed ETH could see a possible $850 if it was to continue, BUT we did not, as soon as the chart was posted, we turned down the other way within a week. We have had various attempts to continue higher, but the cross support was calling, we needed to see how much support ETH actually had, and in this region, it has bounced strongly.
WILL THIS HOLD?
What I have noticed is that in a similar vain to BTC, ETH could be in a 4th wave, and not 5 completed. It meets the criteria, and our wave one could have been a leading diagonal, as the wave structure meets Elliott wave guidelines, and wave 3 here, is not the shortest.
The rule states - wave 3 does not need to be the longest wave... BUT it cannot be the shortest, which when you check the price indicators on the chart, this is in fact the case. Right now Wave 1 and 4 do not cross, and I have marked on the chart where this pattern invalidates. ($184ish region)
Depending how tightly you draw the parabola, we still could be in that movement...
In the next few hours to days, we are going to retest this region, if this holds $500 plus is on the way!!!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
ETHEREUM $850??Hey Everyone!
was just going through charts and updating, and noticed ETH is in one of my favourite patterns to trade! Reason being it is not only supported by the PARABOLA, the cup pattern is usually a good indicator of higher prices to come!
As I explained previously in ADA USDT chart, which has so far only had a fake out and dropped back into the handle for support.
ETH pattern shows that the current movement should achieve just under the $500 mark and with some added FOMO push us over the line!
Currently I think ETH will have a minor drop here to retest the parabola before taking off.
The CUP AND HANDLE is one of the easiest patterns to recognize and usually quite reliable. Remember no trade goes the way you want it to go 100% of the time - and that is why MONEY MANAGEMENT is essential to make money over a period of time. If you are winning an average of 50% of your trades with strict money management, you are going to win the marathon!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
ETHEREUM ON TARGET TO REACH $350 AND BEYONDHey Everyone,
ETHEREUM seems to be in a sideways forever pattern but if we look Ethereum has out performed Bitcoin with a massive 240% profit compared to BTC 175% since our Parabolic rise started in December 2018.
ETHEREUM has one more push here and then another correction and after that we should again have a strong push higher to $350 and beyond.
If we also have a close look at the ETH/BTC pair we can see that ETH is currently holding strong in comparison.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
A battle for the future with the Crypto-LemmingsThis self-explanatory chart is here to get a grasp on the psychology of the crypto-market.
The FUD-fuel "Crypto-Winter" was nothing more than a long-awaited boom-and-bust cycle, something that old investors are quite familiar with. What they aren't familiar with, is the quick pace of this market: what used to take decades to settle down, is done in a mere 14 months in the Crypto-self-sovereign State.
Furthermore, given the very young age of this market, we have to take into account that most of the crypto-holders were inexperienced investors. They are prone to stress, to fake news, to FUD. Most of them invested a few hundred bucks in the last couple years, and suddenly became millionaires overnight. This is why the fakeouts are so big: they simply hadn't the guts to just go through it, let alone sell early. They are more of the iconic "buy high - sell low" lads, overall.
Some more experienced traders made them learn it the hard way, because it was so easy to push them out of this market with and through aggressive sells. "Sorry for your loss", the trader said, as he bought back everything at a discount.
The crowds are like a bunch of lemmings: once the first one jumps off the cliff, the others follows relentlessly. This is what happened in November, when the ultimate bear-trap has been set.
What will ensue is a short squeeze, fueled by theses very mechanics, which can be seen by anyone doing proper analysis and/or doing so researches on what cryptocurrencies actually are.
Hopefully, as Time goes by, peoples will understand that...
Cryptocurrencies are here to stay. There is no other technology like Ethereum, which enables decentralized computing, or Bitcoin, which is a decentralized store of value. This is a whole new kind of asset class, and plenty more things at the same time... And what the future holds might be even bigger than that.
We might see new cryptocurrencies in the future, some of them might be even more impressive than the current ones, much to the displeasure of Warren Buffet and Jamie Dimon (and no, JPMCoin and FacebookCoin aren't cryptocurrencies, technically speaking. A Google Sheet would be more efficient than their scamcoins. They could have done it on current ledgers, but then they couldn't cheat the numbers anymore because it would've been there for everyone to see the fraud.)
Banks have every incentives to kill decentralized currencies in its egg: if it becomes a thing, banks will simply and purely cease to exist.
"Bitcoin is not a currency because we cannot print it." - the European Central bank
Think about it.
Ethereum (next target) Previous target of 198 has been reached , i am expecting sideways movement for the next fear hours until the bullish move towards 216-218 (next resistance line)
. See related ideas .
