Triangle Pattern Breakout & Wolf Wave TargetIn Ethereum Triangle Pattern formed & Breakout. To achieve the Wolf Wave Target (Target 1). I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential. Longby SasikumarManiUpdated 4415
ETH to remain in the range or?# High Time Frame (HTF) Analysis: Ethereum (ETH) is currently testing the resistance at the top of a triangle pattern on the high time frame chart. # Entry Strategies: ## Breakout Strategy (Long Entry): Consider entering a long position if ETH successfully breaks above the triangle pattern's resistance. This could indicate a potential bullish trend continuation. ## Retracement and Rebound Strategy: If ETH retraces from the resistance level, look for a bounce off the nearest demand zone. This could present a buying opportunity with a favorable risk-reward ratio. ## Retracement to Support Strategy (Short Entry): If ETH displays a reliable reversal signal at the resistance of the triangle, indicating a potential bearish reversal, consider entering a short position. This strategy aims to capitalize on a possible downtrend continuation, targeting the bottom of the triangle as the take profit level. by AtmaseerUpdated 0
Ethereum Defies Downtrend: Dramatic Reversal or False Breakout - On the daily Ethereum chart , a downtrend has been evident since March 13, 2024. - A downtrendline from $483.91 rejected the price at $3728.48 after a retracement from $3053.92. - The downtrend continued to $2807.28 before reversing and breaking the downtrendline to the upside on May 20, 2024. - The price closed at $3498.93 and is currently around $3680.55. - If the breakout above the downtrendline holds, further upside potential is likely. - If the breakout fails, a downside move is probable. Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350). by Stuart_Cowell0
$ETH Price Prediction 5/20/2024A massive push increases price by $600 and positions us back at prior ascending resistance. From a long-term perspective this is a strong indicator that next week will be bullish as well. However expect the likelihood of dropping to pattern support for a new W1 close goal (~3550). www.tradingview.comby CheddarBizcuitz1
ETHEREUM ($ETH) 21 MAY 2024Ethereum (ETH) remains bullish above the 65 Weekly EMA at $2,459.99. The long-term trend is considered up when ETH is trading above this level. A breakout above the nearest resistance at $4,014.42 could pave the way for further gains toward subsequent resistance levels at $4,797.51 and $5,580.60. In an alternative scenario, a break below $2,459.99 would trigger a deeper price correction toward support levels at $1,497.98 and $714.90.Longby TapiwanasheGwisai0
Ethereum's Road to Recovery: Professor's Outlook📊🚀 Ethereum's Road to Recovery: Professor's Outlook 💡🔧 Let's dive into Ethereum and its journey under the looming shadow of regulatory decisions and market dynamics. With Ethereum teetering below the $3,000 mark—a significant psychological barrier—let's explore the potential pathways and strategic levels that could dictate its short to medium-term trajectory. Current Ethereum Landscape Ethereum currently stands just shy of the critical $3,000 mark. This level is not only a psychological barrier but also a pivot point that could lead to substantial price movements based on investor sentiment and market dynamics. With anticipation around the SEC's decision on ETFs, Ethereum's price movements are under increased scrutiny. ps. i think it will be a security and i don't think this is bad news..we can discuss later Key Technical Levels Immediate Resistance: The immediate resistance levels to watch are $3,273, $3,580, and $3,720. These levels represent short-term targets that could validate bullish sentiment. Longer-Term Targets: Looking further ahead, the $4,320 and $4,880 price marks stand out as significant resistance levels. Achieving these would signal a strong upward trend and potentially set the stage for more ambitious targets. Historical Support Review: The same support level observed in April, which proved robust during previous tests, is once again in focus. This support level has recently facilitated a healthy rebound, indicating underlying strength in the Ethereum market. Future Outlook Despite the uncertainty surrounding ETF approvals, Ethereum's robust technical foundations and recent performance suggest resilience and potential for recovery. Projections for Ethereum reaching as high as $6,174 remain ambitious yet plausible within the next 18 to 24 months, assuming favorable market conditions and regulatory outcomes. Conclusion As Ethereum navigates these critical levels, staying informed and responsive to emerging trends will be crucial. The interplay between regulatory news and technical indicators will likely drive Ethereum's market behavior, providing strategic opportunities for keen investors. Keep an eye on further developments, and as always, engage with the markets thoughtfully and strategically. One Love, The FXPROFESSOR 💙Longby FX_ProfessorUpdated 1112
Ether breaking up from bullflag.Very likely validating the breakout up from this flag with this big candle move/close today.. If so the target is all the way up at $5034. Reaching this price target can take price well above the purple line which is a neckline to a big inverse head and shoulders pattern. Once we were to trigger the breakout of the big inverse head and shoulders target we will likely be looking at a measured move target for it around 7300-7400! For now the current target to focus on is 5034, as it could still correct enough to dip back below the purple neckline after reaching the bull flags breakout target. Also chances at consolidations or pullbacks along the way to the bull flag target as well so tread wisely. *not financial advice* by DrDovetailUpdated 2
This. Is Actually Bullish. But First. One More Liquidation? Traders, I'm seeing this on the Bitcoin chart as well (future post). But here on Ethereum we are in a bullish descending wedge. It should break to the upside soon. However, careful going all in just yet. My spiny senses are telling me we could have one more liquidation of longs incoming before all lights are green. Our .618 fib level seems to be holding well so, this might look like a quick wick down during the course of the day touching that bottom part of the descending triangle or even possibly the 200 day sma. Get ready to pull the trigger on those buy orders if that happens or even if it doesn't. StewLongby stewdamusUpdated 2211
Ethereum Crack"Aliens, an advanced species that have seen hundreds of stars and a few black holes throughout their lifetime, have made contact with humans sending encrypted data. They are masters in the study of the elastic property of TIME throughout the Universe (relative to Gravity), and they are trying to send a message to prove us all, not that time is a construct in the fabric of the Universe, but that they in fact exist, and they are indeed... Intelligence." Trying to crack the code in this splash of wonder I must emphasize that the most relevant element in the whole data set, might be the Blue Curve. For any bulls, I believe this is an important function to cross over, and even though after crossing over the price might still slide lower along it, for lower lows, there is also another prospect of a push towards Level 1 which, again, for the bulls, could be quite important if reached, as it can sustain heavy resistance on the price, of such magnitude that the market can weaken to the point of sliding towards level 2. Potential Support zone. 3 and 4 are intermediary, but not to be ignored as they can provide relevant price action several times if the estimations are correct. The 2 small curves purple and green are also potential support/resistance functions, while the rectangles in this case can act more like milestones as it is possible that the price might want to avoid them up and down like in an obstacle course. If not successful in such journey attempt, they too might become support and resistance areas. Again for the bulls, watch out for the blue curve, and if broken, maybe better to wait for signs of an impulse (low_) correction (higher low_) and a potential push for a higher high. For the bears, this design doesn't predict any bold aggressive downturns, maybe just a balanced descent between the blue and the big purple. Watch out for the price action and the relevant events at the elements if you want to Crack the code, if there even is one...by nenUpdated 5512
ETHUSD/ETHBTC afternoon updateVery intriguing bullish setup for ETHUSD and ETHBTC. ETHUSD holding support at .618 Fibonacci drawn from pivots at 4093.88 and 2100. There are different bullish counts that can be drawn from 879.80 low, will know more if price gets above 4093.88 and how price moves above that resistance. ETHUSD move may be magnified by bullish ETHBTC setup, if low of 0.04474 can hold off .618 Fibonacci drawn from 0.08864 and 0.01614. Immediate bullish targets on both charts would be the median lines of each pitchfork.by discobiscuit2
ETHUSDT Going LongThere is a triple bottom which could be observed, a bullish divergence and a trend reversal could be observed with higher highs and higher lows due to which going Long on ETHUSDT,Longby mustafabaig99Updated 226
We have broken out of the bullish wedge to the upside,5k? AS you can see we broke out of the descending wedge at 3050 and have a daily confirmation. We need to turn 3250, then 3500. nd 3850 into support and we should go to 5k As we would have a monster cup and handleLongby DeadCatBounceHouse223
💰 $ETH Bullish technically with this local falling wedge🧐 O💰 CRYPTOCAP:ETH Bullish technically with this local falling wedge🧐 Only need to break through the resistance cluster of EMA 50 + EMA 100 + falling wedge📈 Though we have ETF decisions are coming which may impact the market for short-term. IMO chances are good for #ETH ETF approval, but will see.Longby CryptoSkullSignal114
ETHUSD-TRIANGLE BREAKNote: This Analysis have been given initially and has so far played along, We can now see triangle formation and play, this a pattern that is well known, hence add more position at break of previous days high, Solana has been a leader, BCT have not been finding much strength however the two are trading above the neckline expecting continuation BUYSLongby Jeremiah_Capital2
Ethereum Elliott wave analysis monthly chartWe are at the start of wave 3, time for take off!!!Longby ioanniskadis2
ETHUSD: Thoughts and Analysis Today's focus: ETHUSD Pattern – Continuation Support – 2878 & 3060 Resistance – 3150 & 3315 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at ETHUSD on its daily chart. Do we have a continuation confirmation? Firm buying continues to push that case as the price continues to track higher today. Do you agree with our top-down analysis? Watch out for any new push lower that moves back to support. This could be a warning that buyers don't have the number just yet. Good trading.Long05:40by Eightcap111
$ETH Price Prediction 5/19/2024Price holds in at pattern support after EMA divergence gets rejected. Further recovery is possible if we can maintain within pattern. Still be aware of the chance of correction and the assumed W1 3k close. www.tradingview.comby CheddarBizcuitz3
Potential bullish bounce off 50% Fibonacci support?Ethereum (ETH/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 3,042.40 1st Support: 2,924.22 1st Resistance: 3,217.56 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets1118
Short Term BTC and ETH Sell Off?Price created SMT at the highs after taking liquidity. Now we wait and see if it wants to trade lower into the start of the week before continuing higherShortby adammeyer4121
Potential bullish bounce off 50% Fibonacci support?ETH/USD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 3,035.12 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Stop loss: 2,926.40 Why we like it: There is a pullback support level. Take profit: 3,196.54 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets3317
ETHUSD LONG OPPORTUNITY!After making a clear divergence on 4H it is retracing we can expect it to retrace 0.5 Fib level where we also have a good support level. We can look for long setups from there with confirmation on smaller timeframes.Longby itshamzajaved0
ETHUSD Is Bullish! Long! Take a look at our analysis for ETHUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 3026.1. Considering the today's price action, probabilities will be high to see a movement to 3253.6. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 2210
4.8k Sooner Than LaterA break out from this falling wedge is gonna send the price straight to 4.8k as the initial target. Price could go way beyond the ATH, but for now a conservative initial target of 4.8k is reasonable.by Se7enSkies1