ETH Breakout: Time to Go Long! #Ethereum has broken out of a falling wedge pattern on the 12-hour timeframe!
It’s Ready to go long!🚀
#Crypto
ETHBULLUSDT trade ideas
ETH - Next resistance at 2550 with target at 2750BINANCE:ETHUSDT (4H CHART) Technical Analysis Update
ETH price has hit bottom and strongly bounced back from the support zone (from price range of 2300 ). Price already seen a clear bounce back from the support and currently trading at 2400. next resistance at 2550 and if the price breaks that resistance then we can expect price to reach 2700.
Entry level: $ 2450
Stop Loss Level: $ 2250
TakeProfit 1: $ 2520
TakeProfit 2: $ 2600
TakeProfit 3: $ 2680
TakeProfit 4: $ 2750
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
Buy Trade Idea for Ethereum (ETH)Description
Ethereum (ETH), as a leading blockchain platform, is primed for potential investment opportunities based on its robust fundamentals:
- **Transition to Ethereum 2.0:** Ethereum's upgrade to a proof-of-stake model under Ethereum 2.0 aims to significantly increase its transaction speed and decrease energy consumption, potentially boosting its attractiveness and value.
- **Widespread Adoption:** Ethereum's platform is the foundation for numerous decentralized applications (dApps), including those in decentralized finance (DeFi) and non-fungible tokens (NFTs), which could drive further demand and increase the value of ETH.
- **Institutional Interest:** Increasing interest and investment in Ethereum by institutional investors can provide more stability and growth potential for ETH.
- **Network Improvements:** Ongoing improvements and protocol enhancements continue to solve issues such as high gas fees and network congestion, making Ethereum more user-friendly and scalable.
Given these developments, buying ETH could be a strategic move for investors looking to benefit from its core strengths and long-term growth potential in the blockchain ecosystem.
Disclaimer
Cryptocurrency trading involves significant risks, including complete loss of capital, and is not suitable for every investor. The information provided here is for informational purposes only and should not be considered financial advice. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. Always conduct your own research, consider your risk tolerance, and possibly consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
The key is whether the MS-Signal indicator can rise above it
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The Chuseok holiday in Korea is until September 18th.
Therefore, it is difficult to publish ideas.
I hope you have a healthy and happy holiday.
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(ETHUSDT Renko 1D chart)
We need to check whether the price can be maintained above 2400.0 and whether it can rise above 2600.0 to create an upward block.
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(ETHUSDT 1D chart)
The key is whether the MS-Signal (M-Signal on the 1D chart) indicator can rise above and maintain the price.
Unlike BTC, ETHUSDT is not yet above the MS-Signal (M-Signal on the 1D chart) indicator.
In order to turn into a short-term uptrend, the price must rise above 2531.05-2621.99 and maintain the price.
If not, we need to check for support near 2359.35.
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I think the StochRSI indicator is currently forming a high point because the slope has changed in the overbought zone.
Therefore, the 2531.05-2621.99 zone is an important support and resistance zone.
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Once you start studying charts and become familiar with them, trend lines are virtually unnecessary.
However, since understanding the HA-MS indicator is necessary, I drew trend lines to help you understand the chart.
This can actually be a hindrance to looking at the chart.
If you are looking at my charts for the first time, the most important thing is the MS-Signal indicator, which is the arrangement of the M-Signal line, which is the main line of the MS-Signal indicator on the 1M, 1W, and 1D charts.
This is how you can predict the trend.
The next important thing is related to the HA-Low and HA-High indicators.
That is, you will trade based on the movement in the box section of the HA-Low and HA-High indicators.
The other lines are lines that represent the support and resistance lines drawn on the 1M, 1W, and 1D charts and the volume profile section.
Therefore, if you want to know the trend through chart analysis, you can check the location of the M-Signal indicator on the 1M, 1W, and 1D charts corresponding to the MS-Signal indicator.
If you want to trade, you can create a trading strategy by referring to the points made up of the HA-Low and HA-High indicators or the support and resistance points drawn on the 1M, 1W, and 1D charts.
If you only display the support and resistance points by key indicators, it is like the chart above.
You can trade with this alone, but I think it is likely that you will have difficulty trading because you cannot create a response strategy according to price fluctuations.
What you want to inform through chart analysis is that only the person who analyzed it can properly understand the content.
Therefore, how you accept the content analyzed by others will vary depending on each person's investment style.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ETH - waiting for backtesting Ether has cross up the potential reversal zone of the bullish pattern.
Additionally, the main trend is within an ascending price channel, and it has also broken above the order block candle.
Now, we are waiting for a retest of the order block candle and the middle of the channel. If successful, it is expected to reach the top of the channel. However, if the order block is broken, it is likely to break below the channel as well."
This is not financial advice.
$ETH Daily Bullish dragon & Bullish engulfingReal clean bullish dragon pattern here on ETH with the daily Bullish engulfing today.
Initially looking for the range high target at 2810. This would confirm the double bottom, and the expectations above that would be a 1.618 extension, or as high as the measured move of the double bottom.
A break above the upper supply line would then raise the targets to 4490-4885, and as high as about 6k for a 1.618 extension of the correction.
Breaking the local supply line, and retesting the top of the range would be a great start here.
#ETH Bullish Cup and Handle Structure📊#ETH Bullish Cup and Handle Structure📈
🧠From a structural perspective, we have constructed a bullish cup-and-handle structure near the 2400 resistance area. It has successfully broken through 2400 and the bullish cup-and-handle structure has been established, so we can still expect it to go higher. The next strong resistance is around 2500-2565, and we will use the remaining positions to look forward to it.
➡️If we continue to be hindered by 2400 and start to fall back, then we can pay attention to the support performance of the 2353-2371 support zone.
Let’s see 👀
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Ethereum (ETH): Another Rejection + End of Triangle FormationOn a smaller timeframe, we had another rejection from that small resistance zone where price is being pressured into a corner here.
Now with that sharp trend we have (bullish), we are looking for a short setup to form here but before that, we need to see a break of the lower Bollinger Bands Line, which will also break the trend line.
If we do not see that and we see another test to resistance zone, then we will see most likely a move to 200 EMA.
Swallow Team
Ethereum (ETH): Buyers Struggle To Secure Zone / Possible Fall Ethereum buyers are struggling to maintain the current push from the lower support zone.
This is a very crucial zone for buyers, as if they do not show any dominance here we will see a failed double bottom pattern, which usually ends with a very sharp selloff near that support zone.
So we wait to see one of two things: either a huge green candle or a slow movement to support where we will be looking for a short position!
Swallow Team
ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Descending Broadening Wedge Pattern. And the price is trading around its support zone. We can see again a pullback from its support zone
💸Current Price -- $2354
📈Target Price -- $3680
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #DYOR
The key is whether it can be supported near 2359.35
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(1M chart)
As you can see from the 1M chart, the trading volume occurred in the box section.
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(1W chart)
As you can see from the 1W chart, the point where the volume profile section is formed is 1021.49, 2354.39.
Therefore, the key is whether it can be supported near 2354.39.
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(1D chart)
Since the HA-Low indicator of the 1D chart was formed at 2359.35, it is important to see if it can be supported around here and rise above the MS-Signal (M-Signal on the 1D chart) indicator.
Therefore, it is important to see if it can rise to around 2531.05-2621.99 and maintain the price.
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Since the StochRSI indicator is showing signs of a change in slope in the overbought zone, if it falls without being supported around 2359.35, it is necessary to check if it is supported around 2196.52.
Since ETH has fallen below the M-Signal indicator on the 1M chart, it can be seen as turning into a downtrend from a long-term perspective.
So, we need to see which way it deviates from the 2196.52-2621.99 range.
The next volatility period for ETH is around September 26th.
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Have a nice time.
Thank you.
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- Big picture
The real uptrend is expected to start after it rises above 29K.
The range expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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$ETH Daily Chart Analysis - Current S/R Levels- ETH at VRVP high volume node.
- Can go either direction, but there are relatively equal wicks at the Weekly S/R level. I think that gets targeted first before breaking above daily resistance.
ETH/USDT Technical Analysis Overview:ETH/USDT is currently trading within a descending wedge pattern (marked by converging white trendlines). This pattern typically suggests a potential bullish reversal upon a breakout to the upside. The price is approaching the apex, indicating that a breakout could occur soon.
There is a strong horizontal support zone around $2,100 to $2,200 (highlighted in brown). This level has been tested multiple times and continues to act as a solid base, preventing further downside.
The immediate resistance lies along the upper trendline of the descending wedge, around $2,400.
A breakout above this trendline could lead to a move towards higher resistance zones near $2,660 and beyond.
ETH is trading at $2,358.66, up 1.53%. The price has bounced from the lower trendline and is making its way towards the upper boundary of the wedge.
If ETH breaks out of the descending wedge, the first target would be around the $2,500-$2,600 zone. A sustained move above this level could trigger a larger rally towards the $2,780 level, aligning with prior highs.
If ETH fails to break out and drops below the $2,100 support zone, further downside could be expected, potentially retesting levels closer to $2,000 or below.
Including indicators like RSI or MACD could help gauge the strength of the potential breakout and provide additional confirmation of the trend
ETH/USDT is currently in a descending wedge pattern, with a bullish bias if it manages to break above the upper trendline resistance around $2,400. The key support at $2,100-$2,200 remains crucial for bulls to maintain control. Monitoring the price action around these critical levels will be essential for confirming the next major move.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
ETH Triangle Structure !
There has been a price forming a triangle on the chart for a long time.
The downtrend channel forming the top of the triangle indicates the most critical region for a price breakout. For now, it seems like there is still time to reach that point. It may be a bit early to think that a rise will happen soon before this downtrend channel is broken.
At the same time, the support channel forming the lower part of the triangle appears to be a healthy zone for accumulation. In other words, for long-term investors, as long as this green box is not broken downwards, it seems like a buying zone.
However, we can't know how close the movement can get to the end of the triangle or how long it will take to break it. It just seems to need a little more time.
ETH/USDT Trading ScenarioAs of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery.
If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound.
A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
ETHUSDT SHORT CONDITIONAL ENTRYETHUSDT
SHORT
PLEASE DON’T BE GREEDY
ENTRY POINT : yellow point
TP : blue lines
SL :
below red line for LONG POSITION
above red Line for SHORT POSITION
INSTRUCTIONS:
FOR risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
like, boost, be followers
PLEASE DON’T BE GREEDY
Ethereum (ETH): Had Another Rejection From ResistanceEthereum has done another rejection from our smaller resistance zone, which is showing the dominance of sellers.
We are now looking for a possible further movement to lower zones, which is most likely to happen, but if we see a failed rejection here and a breakout to happen, then 200EMA is going to be our next zone to watch out for a rejection.
Swallow Team
Ethereum (ETH): Bulls Trying To Push Again!Ethereum is showing some signs of push here but nothing is yet confirmed.
Looking right now at the candles, we are still seeing pressure from sellers and for ETH to see any kind of bullish momentum here, buyers need to secure that dotted line (orange one).
If they manage to secure it, we will see further small upward movement, but if they do not manage to secure it, we will see a test of support and most likely a break of it as well!
Swallow Team
#ETH long structure is intact 📊#ETH long structure is intact ✔️
🧠From a structural perspective, the double bottom long structure has not been destroyed, so we can still look forward to higher targets. At present, we are still suppressed by the strong resistance of 2400. Only by breaking through the resistance here can we challenge the short defense point.
Let’s see 👀
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Holding my short entry 2608 BINANCE:ETHUSDT
Holding my short grid bot in order 1123 trades made still look for 2000 levels for reverse my position in to long
Ethereum May Resume Its Uptrend SoonEthereum May Resume Its Uptrend Soon
Ethereum recently completed a bullish harmonic pattern at the 2160 level.
The initial price reaction was strong, with ETH recovering nearly 11% of the movement.
The price may enter a correction phase before resuming its uptrend.
The first resistance zone is expected around 2485-2560, with the final resistance near 2670.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
$ETH | Buy Trade | Market Exec | Technical Confluences:
- Price action bounced off the 150% Fibo Extension & 61% Fibo Retracement
- Price action is at an Interest Zone area
Fundamental Confluences:
- Nothing much happening in the Crypto space at the moment and it will follow general market sentiment
- The main mover for Crypto space now will be on the FED interest rate cuts which cheapens cost of money and the US election
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Will be entering an entry here for CRYPTOCAP:ETH & target the $3,244 levels.
Will cut the position if it breaks the $2047 levels and will buy again if it's close to the support trendline and the Demand Zone.
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