ETHUSD | Support zoneETHUSD support zone.
Is Ethereum ready for a big push to the upside?
Let me know what you think!
ETHUSD trade ideas
ETH H&S Insight: Confluence Aligns for January ReversalOverview
On the higher timeframes, ETH is in the process of forming a Head and Shoulders (H&S) pattern. The left shoulder and head are already complete, with price currently downtrending to form the right shoulder. Following an impulsive bullish run to take out the highs, ETH has faced two rejections at those levels, initiating a corrective move lower.
Key Technical Levels and Confluences
1. Support Zone for the Right Shoulder Formation
Primary Target Level: $2800 (aligned with the left shoulder structure).
Support Zone: $2941.12–$2812.7 (a highly confluent range for long positions).
2. Anchored VWAP Analysis
Anchored VWAP from the 12th October 2023 low is currently positioned at $2900, offering dynamic support and aligning with the left shoulder’s structural low.
3. Fibonacci Retracement Levels (From the Impulse Wave)
Fib 0.666: $2941.12
Fib 0.702: $2877.99
Both levels fall within the support zone, reinforcing its importance as a high-probability area for reversal.
4. Fibonacci Extension Levels
From the Current Range:
Fib Extension Target: $2812.7, precisely aligning with the key level of $2800.
From the Higher Trading Range:
Fib 2 Extension: $2893, offering additional confluence with other levels in the support zone.
5. Fibonacci Speed Fan
Drawing the Fibonacci Speed Fan from the 6th September 2024 low to the 16th December 2024 high, the Fib 0.7 level intersects at $2900.
This confluence is projected to align with price action on 9th–10th January 2025, adding a temporal element to this setup.
6. Psychological Level
The $3000 level represents a strong psychological barrier. While the primary support lies lower, price could find an early reaction at this level.
Trading Plan: Long Setup for the Right Shoulder
Support Zone: $2941.12–$2812.7
Primary Trade Setup:
Place long positions within the support zone, focusing on the confluence of levels for a higher-probability reversal.
Scaling Strategy:
Employ a Dollar-Cost Averaging (DCA) approach to gradually build a position.
Consider initial entries at $3000 as a psychological bounce is possible.
Confluence Highlights:
Anchored VWAP at $2900.
Fibonacci retracement levels (0.666 at $2941.12 and 0.702 at $2877.99).
Fibonacci extension targets (current range: $2812.7, higher range: $2893).
Fibonacci Speed Fan (0.7 level at $2900).
Historical structural alignment with the left shoulder at $2800.
Conclusion
ETH is approaching a high-confluence support zone between $2941.12–$2812.7, making it an attractive area for long setups to complete the Head and Shoulders pattern. Utilising a DCA strategy and scaling into positions ensures optimal risk management. Early entries around $3000 could also yield opportunities, as this level holds psychological significance.
Daily Analysis of Ethereum – Issue 240The analyst believes that the price of { ETHUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Hidden Risk: How to Uncover and Control Before You Click 'Buy'As seasoned traders, we understand that risk management isn't just a beginner's concept; it's the bedrock of sustainable profitability. We've moved beyond the rudimentary rules and are fluent in position sizing and stop-loss orders. But in the dynamic landscape of TradingView, where opportunities arise and vanish in the blink of an eye, even intermediate traders can fall prey to impulsive decisions that erode our hard-earned capital.
The solution? Systematizing our risk assessment with a pre-trade risk profile. It isn't about reinventing the wheel but refining our approach to ensure that every trade aligns with our overall strategy and risk tolerance. It gives us an edge by keeping us disciplined.
The Pitfalls of Complacency
It's easy to become complacent when we've got a few winning trades under our belt. We start to feel invincible precisely when we're most vulnerable. We might skip steps, loosen our stop-losses, or increase our position sizes beyond our predefined limits. We are often driven by emotions rather than logic, and it's a slippery slope.
Remember, even a well-defined risk management plan is useless if it's not consistently applied. Each trade carries unique risks influenced by factors beyond our standard calculations.
Creating a Pre-Trade Risk Profile: A Refresher
Before hitting that buy or sell button, click on TradingView to create a simple risk profile for the specific trade. Ask yourself a series of critical questions:
1. The Asset's Volatility:
What's the current Average True Range (ATR)? How does it compare to the asset's historical ATR? Higher volatility demands wider stop-losses and potentially smaller position sizes.
Are there any upcoming news events or economic releases that could impact volatility? Factor these in, as they can significantly alter the risk landscape. Be aware of, for instance, earning reports.
2. The Trade Setup:
What's your entry point, and why? Is it based on an explicit technical signal, or are you chasing a move?
Where's your stop-loss, and what is your rationale behind it? Is it placed below a key support level or based on a multiple of the ATR?
What's your target price, and is it realistically achievable given the current market conditions? Avoid setting overly ambitious targets that expose you to unnecessary risk.
3. The Correlation Factor:
How does this asset correlate with other positions in your portfolio? Are you inadvertently increasing your exposure to a specific sector or market trend?
Could a single event trigger losses across multiple positions? Diversification is key, but it requires careful consideration of correlations.
4. The Time Factor:
What's your intended holding period for this trade? The longer the timeframe, the greater the potential for unforeseen events to impact your position.
Does your stop-loss need to be adjusted based on the timeframe? A wider stop-loss than a day trade might be necessary for a swing trade.
5. The "Gut Check":
Are you comfortable with the potential loss on this trade? If the answer is no, it's a red flag. Either reduce your position size or reconsider the trade altogether.
Are you trading based on a well-defined plan, or are emotions driving your decision? Be honest with yourself.
From Profile to Action: Implementing Your Assessment
Once you've answered these questions, you have a clearer picture of the trade's risk profile. Use this information to:
Fine-tune your position size: Ensure it aligns with your pre-determined risk per trade (e.g., 1-2% of your capital).
Set your stop-loss: Place it strategically based on the asset's volatility and your chosen support/resistance levels.
Determine your risk/reward ratio: Is the potential profit worth your risk? Aim for at least a 1:2 or 1:3 risk/reward ratio.
Bonus Tip: Develop Your Risk Score System
Consider creating a simple risk score system to streamline your risk assessment further. Assign points to different risk factors based on their potential impact.
For example, here is the Trade Impact Estimator (T.I.E):
Volatility: Low Volatility (Below Average ATR): +1 point
Average Volatility (Within Average ATR): 0 points
High Volatility (Above Average ATR): -1 point
News Events: Major News Event Scheduled: -2 points
Minor News Event: -1 point
No News Event: +1 Point
Correlation: High Correlation with Existing Positions: -1 point
Low Correlation: +1 point
Timeframe: Day Trade: +1 point
Swing Trade: 0 points
Long-Term Trade: -1 point
Trade setup: Good Risk/reward ratio: +1 point
Neutral Risk/Reward ratio: 0 points
Bad Risk/Reward ratio: -2 points
Set Thresholds:
Total Score of +3 or higher: Potentially a lower-risk trade, consider proceeding as planned.
Total Score between 0 and +2: Proceed cautiously; consider reducing position size.
Total Score of -1 or lower: Re-evaluate the trade, widen your stop-loss, significantly reduce position size, or avoid the trade altogether.
Disclaimer: This is a simplified example. You can customize your risk score system to include additional factors and adjust the point values based on your own trading style and risk tolerance. You can also assign more points to factors that have historically impacted your trading results. It's crucial to backtest and refine your system over time.
The Takeaway
Mastering risk management is a continuous journey. By incorporating a pre-trade risk profile into our routine, we elevate our trading from reactive to proactive. We transform ourselves from gamblers to calculated risk-takers. On TradingView, where information flows ceaselessly, this disciplined approach is not just an advantage; it's a necessity. So, refine your process, stay vigilant, and make your trades profitable.
Ethereum (ETH) – Key Technical OutlookPrice Action & Sentiment:
Ethereum's current price action suggests upside potential, though a decisive move above the $3,500-$3,600 zone is needed to reignite short-term bullish momentum and shift market sentiment.
Ethereum appears undervalued by 30-50% relative to current market conditions, adding to the attractiveness of its long-term growth potential.
Support & Resistance Levels:
Support: The $2,900-$3,100 range remains a crucial support zone. A retest of this level, especially following mid-November lows, could reset sentiment and provide a stronger base for future growth.
Resistance: Breaking through the $3,500-$3,600 resistance zone would signal a significant shift in sentiment and encourage further bullish momentum.
Broader Market Context:
This setup mirrors historical patterns observed in previous crypto bull cycles, where a period of consolidation or a retest of key support levels often precedes substantial upward movement.
Broader market strength and positive sentiment shifts could act as catalysts, especially as the macroeconomic environment becomes more favorable.
Outlook:
If Ethereum's technical structure holds and broader market sentiment improves, the potential for significant growth remains high.
Investors should monitor price action around the $3,500-$3,600 zone for signs of a breakout and pay attention to the $2,900-$3,100 support for risk management.
Conclusion:
Ethereum is well-positioned for long-term growth, but near-term selling pressure could lead to a retest of critical support levels. A break above $3,500-$3,600 would signal bullish momentum, while holding above $2,900-$3,100 keeps the technical structure intact. This setup offers a compelling opportunity in alignment with previous bull cycle patterns.
ETHUSD | Long Idea | Support ZoneBoth BTCUSD and ETHUSD heading for support zones.
Let's see if they hold or break.
Let me know what you think!
ETH cooling off?ETH broke a fib level of 0.786 at 3,406 now on a downtrend towards the 0.618 level at 2,866 in the monthly. Weekly fib, floating right under 3,406 bounced off a 3,213 support.
Quick conclusion, on a cool downtrend watching the 2,866 fib level if it breaks the 3,213 support. On the Daily currently showed a reverse double stop, rejecting price forcing it down. Now cooking in a triangle on the daily on a downtrend which usually indicates bearish signals. Zoom out still trending up, watching the 3,406 fib level for uptrend signals.
Don't forget what, and who you're doing this for. Remember to always to take your profits, DYOR, and invest only what you can afford to lose. My stuff is never any financial advice, i just post my opinions of stuff that i am on, goodluck, and happy holidays!
ETH planThis is how I expect the ETH/USD price action to be in january. More consolidation in range is good.
ETH SELL *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
@everyone
Sell ETH market execution
Stop loss: 3381
Take profit 1 : 3295
Take profit 2: 3237
Take profit 3: 3,123
ETH SELL SUPPORT JUST BROKE AND RETESTED*I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
@everyone
Sell ETH market execution ( entry 3372)
Stop loss: 3381
Take profit 1 : 3295
Take profit 2: 3237
Take profit 3: 3,123
ETHEREUM - Time to buy again!In my opinion, Ethereum is really undervalued in terms of price. My price target for Ethereum is $7000. As you can see, the price is in an ascending triangle, and there is also a bullish divergence on the weekly time frame. This is something that cannot be easily ignored. We can hope that in the new year, Ethereum's price could at least double from its current value.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ETH Ethereum looks ready for a big move , if it breaks resistance .
Target would be around 10-11000$ .
ethusdtin daily time frame, ETH has declined to daily OB . If it gets back to OTE area and creates a lower High , I expect its bearish movement up to 2774 (breaking area) and then a bullish movement is expected up to at least 4100.
ETHEREUM 1 HR ANALYSIS 🚨 ETHEREUM 1-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1:3400
• TP2: 3450
📉 Downside Targets:
• TP1: 3300
• TP2: 3266
So we have to watch out for $3370- $3350 level. If ETH stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit)
Keep an eye on key levels and trade smart! 💹
What’s your take? Drop a comment below and share this with your trading crew! 🚀
ETHUSD Ethereum has very important levels. If we breakout of the 3600 level in the later term, we will continue the uptrend.
ETH Prediction for this cycleChat is this realistic?
ETH has a bright future
just take the fib and see for yourself, eth is the play with the best R:R
Source: Trust Me Bro ;)
Ethereum is going to 2000 then new ATH
Alright, let's talk about what I see coming for Ethereum. I’ve been deep-diving into these charts, especially that weekly one where I’ve highlighted the past moves and percentages. I'm using these patterns as a guide to try and anticipate where Ethereum is heading next. I'm going to set aside any kind of trading advice, and focus on what I see the market doing next.
Key Observations From Past Cycles
Looking at Ethereum's history, I’m seeing a pretty clear cycle of large price swings:
Massive Rallies: Ethereum has a history of powerful bull runs, where the price can surge by hundreds, or even thousands of percent. I need to be aware of these to understand the potential of the coin.
Substantial Corrections: These rallies are always followed by substantial corrections, which range from about 30%, to upwards of 80%. This is important to see as any retracement can be devastating to a trader.
My Prediction For The Next Move:
Based on those historical patterns, here’s what I see as the most probable outcome for Ethereum's next move:
Anticipated Retracement: I’m expecting a retracement, or a pullback following the recent gains. Ethereum tends to make large retracements after a period of growth, and I am anticipating this will happen again soon. I want to see the price find a solid level of support, as this will be important to the next move up. Based on historical price action, I expect the next support levels to be somewhere around $2000 to $2500.
The Next Upside Move: After that pullback, I anticipate a strong upside move.
The magnitude of this move is unclear, but the data on the chart shows we could be looking at a move upwards of 100%, and maybe even more. I want to be watching that very carefully when it happens.
ETHUSD BUY ANALYSIS DOUBLE BOTTOM PATTERNHere on Ethusd price form double bottom and is likely to go up so if line 3503.56 break then trader should go for long and expect profit target of 3503.56 and 3575.25 . Use money management
$ETH Struggling but starting to feel confidentSEthereum seems to be having quite a battle with itself. CRYPTOCAP:ETH knows it is worth much more but is kept artificially small.
Currently, MARKETSCOM:ETHEREUM appears to be trying to break multiple resistances that all end up at roughly the same spot.
I honestly don't think we will see CRYPTOCAP:ETH much deeper than here and that this is a nice bottom to a value worth Ethereum. In my view, Ethereum should go to a price well into the 10K range and I would not be surprised if it flirts with 20K.
Be kind to the world and each other!
ETH Supercycle?I've tried many different Elliot Wave counts but so far this is the one that suits best to me. Of course this has to match with the BTC supercycle, otherwise it'll get invalidated. Let's see.
ETHUSD Will Go Higher From Support! Long!
Please, check our technical outlook for ETHUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,346.7.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,667.7 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
ETHUSDT Analysis The currency is now in the buying phase, there is a price action candle rebounding from the 50 Fibonacci level and the 50 moving average line and rebounding from the order block area.
