ETHBULLUSD trade ideas
Do not buy ETH yet IF you are trading, but it will shine soon!Ethereum has been underperforming other major cryptos. However, I can see some bullish momentum building up.
I think Ethereum will eventually go up. If you are investing, you can buy it. But if you are trading with leverage, I don't think it is the time for it yet. The below is my reasoning:
Weekly chart
1) Weekly MACD lines are above 0. Bias is bullish.
2) Weekly RSI has entered the bull zone (above 50 and slow/smooth MA (orange line) is sloping upwards, which indicates the general direction of the price is up.
3) Weekly Stochastic lines are still pointing downwards, so the sell pressure hasn't eschasted yet.
Daily chart
4) Daily stochastics have reset and moving up to the bull zone.
5) Daily MACD lines are trying to cross but haven't crossed. They are still in the bear zone.
6) The price has been moving inside the descending wedge pattern. The descending wedge is usually bullish. However, quite a heavy sell block sitting above the top descending line.
7) The price has retraced to Fib 0.618 area and strongly bounced up. It is a sign of healthy correction. If the price can manage to move and close above Fib 0.236, it has a good chance Eth can finally start to move up.
There are a lot of structural barriers Eth needs to break through before it can run up. However, I can see good signs of recovery.
I will update my analysis.
ETH on the move Hi traders first target hit n then we made a small correction and ready for next stop or you think there is still some mountains⛰️ to climb before new high I guess no I am in positive side,note that am not sharing many I deas in tradingview this year but in my X platform to help others out there as you guys already knows everything there is no need at all to share many I deas n moves thank you trade responsibly.
Ethereum Keltner Channel, Bottom?)📝Ethereum dropped to minimum values on the RSI indicator. Below is only when the bottom of the cycle.
📝Also, the price is testing the baseline of the Keltner channel, which is also strong support.
📝Of course, one cannot fail to mention that in the cycle where ether was accepted as a commodity on the market in the form of an ETF, it has not yet broken the fiat ATH, I think about the inflation of the dollar over the years and there is no need to remind.
🤔Trick question, are all these factors bullish or bearish for Ethereum?
Bullish reversal confirmed; still good buyI know it gave a good start then now the correction retrace.
Soo now a good start but now facing 2 resistance 3470 & 3969 area.
In order to keep the bullish it had to break those resistance then will have a good wide open to hit pass 3700.
My last stop will be 4050 feeling a bit of rejection will hit maybe but if it breaks way passed it then we should be able to see 5000.
Lets see what happens
Looking like it’s about to form a head and shoulder pattern It’s Broken my trendline, and is looking like it’s about forming a head and shoulder pattern. Still bullish
A strong relief rally opens up for ETHAfter a massive and extended sale, ETH reached near record lows on RSI that continued for several hours and RSI did hold up during those hours showing it found its buyers at the 2900s.
With large level of liquidations of longs and many shorts still trapped above as well as RSI rebounding, ETH opens up to a rally to mid 3600s from here. There we reassess where next
ETHUSD in bearish trend ETHUSD in bearish trend about to hit a trend reversal, entry with a buy stop
ETHEREUM (ETHUSD): Bearish Trap & Confirmed Bullish Movement
I see a nice example of a liquidity grab after a test of a key daily support,
followed by a confirmed bullish imbalance.
With a high probability, the market will continue rising.
Goal - 3672
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The saga continuesLittle follow up on my previous idea since the market has decided to print a ~+15% bounce
You'll see the fractal in notes (and below the link)
ETH daily update#ETH has a scenario for making a correction based on its demand zones the first demand zone is touched and i think the other will be in few days it depends on how NASDAQ goes on as the pattern in NASDAQ in bearish too
ETHEREUM - Buy Idea (Short-term)Coming off the bottom key-level support at $3000, we strongly believe that the Ethereum is gearing up for an upside move. The short-term cycle is setting the tone right now and it had been trading sideways for the past 3 weeks. An upside reversal seems to be underway. We're jumping into a buy position, targeting the next immediate key-level resistance of $3450.
ETH either to go down quick or go down after one more mini pumpit has reached all its targets from earlier and is at confluence.
another confluence may give it some strength to try for 3500 USD and/or to trap more longs
from there I expect a strong downward movement on ETH, as generally it has exhibited weakness both during dumps (selling stronger than others) and during pumps (growing slower than others)
ETHUSD buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move
Etherium - Bulls got a breakout setupEtherium kissed the Green Demand Zone and popped up strongly
Note bulls got a clean corrective -a-b-c- move down building a base for a new big leg up that will be able to break over the resistance 4,100
Ethereum (ETH/USD) Elliott Wave Analysis: Preparing for Wave 5In this analysis, we explore the Elliott Wave structure for Ethereum (ETH/USD), highlighting the potential price trajectory in the mid-term. The chart indicates that the market has likely completed Wave 3 and is now entering the corrective phase of Wave 4. Key support levels and possible reversal zones are identified, making this analysis highly valuable for traders.
Key Highlights of the Analysis:
Critical Support Levels: A strong support zone lies between $2865-$3022. It is expected that the price might find a temporary bottom here and initiate a rebound.
Wave 4 Scenario: Wave 4 is typically characterized by complex corrections and sideways movements. This presents an excellent opportunity to plan long entries, especially if the price consolidates in the identified zone.
Wave 5 Projection: After completing Wave 4, Wave 5 is anticipated to push prices toward $4550. This move could present significant profit potential for traders with a long-term perspective.
Fibonacci and Timing Alignment: Using Fibonacci tools has enhanced the precision of this analysis, identifying key levels with high accuracy. Moreover, evaluating the timeframes of each wave provides deeper insights into the overall market structure.
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Suggestions for Traders:
In the short term, patience is key while the price approaches the support zone. Monitor price action carefully within this range. Once a confirmed reversal is observed, you can set up long positions targeting the top of Wave 5. Don’t forget to implement proper risk management, as Wave 4 corrections often involve unexpected movements.
Save this analysis and feel free to share your thoughts or questions in the comments section. Don’t forget to follow me for more detailed analyses like this one!
Ethereum is getting ready for a bull run !Ethereum appears to be forming a large triangle, with its wave D recently completed.
We expect a trend reversal from the green zone, leading to a move toward $5,400 and $9,000.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Inverse Head n Shoulders; Still buyingNice inverse Head and Shoulders; good buy position still from the 3200 area.
Expected to short buy back to 3700 then the point to break out above 4100 or drop drom that zone again.
I am expecting a breakout bullish so Ethereum gets back on track ; once we get back to 4000 thats the part to break out and create new highs
See you at over 5000 soon
ETHUSD SELL AT SUPPLY ZONE Here on Ethusd price has form a supply and likely to fall more so trader should go for short and expect profit target of 3094.44 with stoploss of 3264.32. Use money management
Inverted daily H & SWhat I'm seeing on the daily is either a cup and handle or an inverted head and shoulders pattern on the daily. The Cup & Handle would obviously create more bullish pressure sooner than later. A break down would likely confirm an inverted head and shoulders, finding support at around $2,850, corresponding with a break above the EUROTLX:4K resistance and back to all time highs. NFA, DYOR
ETHUSDBulish Divergence at 1H.
multipul time Bouns Horizontal Support.
Buy Stop 3375
Stop Loss 3013
Take Profit 3739
RRR 1:1
Will ETH finally WAKE up?ETH is looking really strong, but cant seem to gain strength vs bitcoin.
Massive inverse head and shoulder can really trigger this altcoin season.
We will have to see what happens within the next few weeks here..
Ethereum (ETH): Testing Support and Ready for Breakout?🔥 Ethereum’s Strategy:
🩸 Long: Break above $3,200 targets $3,672.82 and $4,000.
🩸 Short: Break below $3,112.32 targets $2,800.
🔥 Ethereum’s Commands:
🩸 Resistance: $3,672.82 — A critical resistance level, breaking this could lead to a strong upward move.
🩸 Support: $3,112.32 — Key support, a breakdown below this could trigger a bearish trend.
Ethereum is currently testing key support at $3,112.32. If the price holds, it could continue its upward trend, targeting $3,672.82 and potentially reaching $4,000 in the next few months. On the downside, breaking the $3,112.32 support could signal a pullback towards $2,800.
👑 "In a market of volatility, clarity comes from key levels—trust them." — FinCaesar
