ETH Bullish - Long - DailyEthereum looking bullish on daily. May have found the bottom.
Entry around 3000
Stop loss 2500
Target 6000
ETHCAD trade ideas
Sold all my weed stocks for ETH ETF a while backThat was a dammmmm good decision!
I still believe marijuana stocks will do good long term.
I've almost tripled my HMMJ by holding ETHX.
Eventually I'll go back into HMMJ to get those sweet dividends.
ETHCAD -Update on the weekly timeframeThis analysis assumes that the May 17 and June 21 lows, which break the wave 1 high from Jan 8, 2018 (not allowed according to EW principles) is in fact a wave 4 bottom, and we are currently in a wave 5. The Fib targets for the cycle W5 are around 6k-7k (the -0.146 and -0.382).
On the lower degree (orange count) we appear to have completed a wave 4, and are now in a wave 5, and on the lowest degree (yellow count) i believe we have just completed a wave 1 and are now going to retrace for a wave 2. The reasoning for this is the smaller count which is not shown here due to the timeframe. This yellow count is the most susceptible to change, so take it with a grain of salt until we have a wave 2 bottom confirmed, however I'll be looking to pick up ETH at under 4k CAD. That being said, if this count is wrong, it'll be wrong in the bullish direction ie: wave 1 on the yellow count is not in yet, therefore wave 2 will be higher, therefore wave 3 will be higher still.
Furthermore, if we assume that the cycle wave 4 is actually a nested 1-2-1-2, so we aren't breaking any EW rules and it lines up an exact hit (double bottom in fact) on the 61.8% fib, that would mean we are currently in a wave 3 of 3, with a minimum target of 10k CAD. This would line up with a move to ~90k for BTC and and also a bull market in growth stocks which have been consolidating over the past year. But that's a story for another day.
ETHCAD Weekly LT outlookThis is just a note to myself so i can look back at the end of 2022 and see if price followed this count.
Which is more likey?would love to see a healthy correction and one of the 3 develop,. Which do you think is more likely?
eth/cad 1 hour chart. Looking to short soon.Ema look over extended. We should see 20 ema dip below 50 ema to short it
This will be fun to watchWhat I like the most about ETH is that it is very trend following. It just broke the wedge that it has been bouncing between for weeks and is rallying up as expected. However, the $2570 is the last obstacle in the way if it is broken we can see ETH push towards the $2900+ and into new price discovery and new all-time highs. Remember, this is not financial advice, this is just what I see happening.
ETHCAD: Ascending Triangle (51%), Bullish Pennant (107%)Primary Target (short term):
Ascending Triangle, confirmed (51%)
PT = 3767.47$
Secondary Target (Long term):
Bullish Pennant, awaiting confirmation (107%)
PT = 4720.60$
ETHCAD: Ascending Triangle (51%), Bullish Pennant (107%)Primary Target (short term):
Ascending Triangle, confirmed (51%)
PT = 3767.47$
Secondary Target (Long term):
Bullish Pennant, awaiting confirmation (107%)
PT = 4720.60$
ETHCAD I'm pretty new in crypto, any tips would greatly appreciated. I think we need a new ATH by FEB 5 otherwise we bread into descendent bearish cycle.
ETH - 4H Wedge WatchWe recently saw ETH create a lower high coming off the peak of its recent move up. Seems to be consolidating with lower avg volume. Maybe sometime tonight/tomorrow this will either breakout to create a new high or drop to a recent support level, although I’m leaning on the bullish side as we all know what can happen to crypto on weekends!
Long on EthereumI have bought into Bitcoin at around $850 CAD just based on the idea I'm long on blockchain and crypto in general and ethereum had climbed way less than bitcoin since their highs in 2018. Bitcoin surpassed its previous 2018 high on around Dec.16th which around $20,000CAD. It is currently around $35,000CAD or up 75% since its previous high. In the case of Ethereum its previous high in 2018 was around $1,750CAD. It has a resistance point around $960 and breached that on Jan 3 and then brokeout. It started the year at $930 and has blown by the 2 other potential resistance points at $1,000 and $1,250 and is currently at $1,450 testing its next resistance at around $1,515.
I am long that Ethereum is going to test its previous 2018 high at around $1,700 and then could massively breakout. As I have been following this, I have already seen bitcoin investors funneling their cash into Etherum as it broke previous resistance. Look for that to happen again as it approaches it $1,700 high and then upon breakout. This should continue long and ride crypto and Bitcoins coattails to new highs. Right now my support is at $1,250 and a stop loss and taking gains at $1200. Worst case. Look for $1700CAD to be the new support if it breaks it.
ETHCAD breakoutUsing SAR to make experimental breakout channel.
Following the major long trend, support around 699
Bullish Reversal? (ETHCAD)Is this just a temporary pump-and-dump-style blip? Or is this the begging of a Bullish reversal? Especially if it breaches res?
ETHCAD / ETHUSD LongStrong price action on bullish candle
- stoch reversing
- Need to close above 810 for ETHCAD / 635 ETHUSD
