ETK2025 trade ideas
Ethereum ETH - CME gap close not unlikelyEthereum ETH - CME gap close not unlikely (see green boxes)
The bottom of this gap correlates with the highest volume on the day before the gap
Specifically $1.757 would be the target for this gap close
What do you think dear Crypto Nation? 😎
Drop me a nice comment
*not financial advice
do your own research before investing
#Ethereum wow ethereum has shrunk so much
I think I am going to start a new chapter in my own personal book-
that I will release one day to the public- my story about bitcoin. from
the creators thoughts and trials.
bnb and ethereum need to get pumping- hoping some people feel the same shortly- and help build the market again- once we are out of this recession. even though people dont want to admit it.
Potential Bearish ContinuationOn the H4, with price moving below the ichimoku cloud, it supports our bearish bias that price will drop from our sell entry and overlap resistance at 2117.0 in line with the 23.6% fibonacci retracement to our take profit at the swing low at 1728.0. Alternatively, price may break our buy entry level and rise to the stop loss and overlap resistance at 2272.0 in line with our 38.2% fibonacci retracement.
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April 22' CME Micro Ethereum Stopped At Resistance!April 22' CME Micro Ethereum Futures' advance was halted at the 50% Fibonacci Retracement level (3544)
Old resistance around 3222 (.382 level) has now become support and NEEDS to hold in order to keep the bull trend alive.
If this fails, I could see it falling to the 2650 area, which would be the last line in the sand for the bulls.
-Paul Wankmueller
Apr 22’ CME ETH Futures Hits Fib Level!The Apr 22’ CME ETH Futures contract is currently hovering at the 50% Fibonacci Retracement (Drawn from the Nov 17, 21’ high of 4920 – Jan 24th 22’ low of 2160)
This is an area of resistance. If Cleared the .618 retracement of 3868 would be the next logical level for ETH to trade.
Ethereum ETH - CME future gap as resistanceEthereum - CME future gap as resistance...
Some people believe in the gap theory - some don't.
For those who believe - the gap occurred between $2.945 and $2.889.
Let's see how ETH price will behave at that gap.
But further correction likely since RSI is quite high ATM.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Play an ETH dip with futuresIf the 4-hour Ether futures chart puts in a red candle next, we'd consider selling current-month contracts with a price target of USD 1870 and stop loss of 2850. CME margin for the micro Ether futs is under 100 per contract, so with even a modestly sized account you could sell multiple contracts and take profits all the way down.
CME Futures on ETHThere are 3 distinct gaps to be filled for ETH Futures: 2 gaps on the downside, 1 on the upside.
As for BTC Futures, the first gap on the downside ($2,096-$2,153) could be filled before to find a bottom on ETH if the BTC and the whole crypto market experiences a last Long squeeze to "wash" the market from high leveraged trades on the market.
Anyway, we see this scenario likely to appear only IF the macro economic and political situation is getting worst (Impact of the FED decisions on the market, political situation in Russia/Ukraine)
However, the on-chain analysis for BTC, ETH and major crypto currencies seems to get some mid/long-term bullish signs lately (Additional on-chain analysis to be done in the coming days).
So the near term price action for crypto seems to be very correlated with the macro situation of the global economy.
From here we can see different potential scenarios:
Bullish one:
Markets (SP500, Nasdaq, commodities, crypto) have already priced the FOMC announcements and the political situation in Est Europe is cooling down.
Thus, the short-term price action for ETH could be to fill the CME gap on the upside (above $3,083) before to consolidate on this price region validating a new local resistance before to resume its mid-term uptrend (2-6 months) to reach a new ATH (All Time High) and enters into a price discovery zone.
Mitigate bullish scenario/bearish scenario:
The political situation is cooling down in East Europe but the major financial markets are entering into a longer bear market.
First step would be to go into the $2,000 region to fill that CME gap. Then, either the crypto market succeeds in being uncorrelated from traditional markets & reclaim a $2,700 - $3,100 before to consolidate with an increased volume, or it stays correlated and we can see a confirmed bear market below $2,000 for a while, including to fill the thin CME gap around $1,560.
If the first step prevails, we could see a short-term price action with some volatility on the downside to long squeeze leveraged traders and fill the $2,000ish gap before to bounce back above the $2,500 then consolidate, a bit longer then in the first scenario and later on resume the uptrend to new ATH (around this summer)
If the second step prevails, then we could see either, a huge sell off below $2,000ish and sidelines there between $1,200 and $2,000 for several months (Bear market)
To summarize, the market direction is still complex to identified as external macro factors are playing.
Anyway, according to the very optimistic on-chain indicators, the chances to see a resume and continuation of the uptrend in 2022 is higher than a risk of bear market. However, the macro economic and political news will most likely play a major role in the crypto market sentiment!
Stay tuned for the next update.
Swiss blockchain Consulting is a Swiss company based which provides Fundamental Analysis on the crypto currencies market.
SBC is NOT a Financial Adviser.
SBC recommends to any new investor in this space to do his own research (DYOR).