ETHUSD trade ideas
$ETH Swing Long- Parallel channel retest
- failed break below previous week value
- Bouncing off yearly VWAP
The Progression of the Market!!! (Intro to ETH Update)I will do another video going further into the ETH chart specifically using these concepts - but this is a great introduction because exactly what I pointed out in my drawing is what is happening in the Ethereum chart.
Stay Tuned!
Happy Trading :)
Jul.23-Jul.29(ETH)Weekly market recapTrump inspires crypto market at Bitcoin 2024. He stated that if he enters office, it will remove Gary Gensler from SEC leadership as soon as possible. And the US government will not sell BTC holdings, whether currently held or potential future purchases, as a special way for strategic reserve. The market was attracted by his promise and BTC began to rise away from ETH, touching 70000. If Trump is elected and keeps his promise, BTC will start a new bullish channel after November.
On the other hand, this week is a big data week. The FOMC will be held on Thursday. Although we all know that there will be no interest rate cuts, as long as there are no hawkish views in Powell conference and the FOMC statements, the market will price in further interest rate cuts. On this Friday, the U.S. Department of Labor will release employment data for July. Likewise, as long as the employment data does not strengthen significantly, the rise will not be interrupted.
ETH’s performance last week was weaker than BTC’s. Because Bitcoin 2024 did not mention ETH, ETH trading volume on Saturday was the same as usual. Judging from the WTA indicator, the number of blue columns representing whales increased significantly last week, which is different from BTC. Perhaps it is because the listing of the ETH ETF has attracted whales to hold ETH. Judging from the ME indicator line, the long-term fluctuation has further narrowed the purple wavy area.
In summary, we continue to maintain a bullish view on ETH. ETH is more likely to rise than fall this week. We maintain our previous resistance level 4000 and support level 2800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Buy at 3274Ethusd has found some temporary support at 3264 on the 30 min tf. A retest of this zone is expected and a lower is expected from Eth with the TP being at 3390.
ETHEREUM Showing Continuation PaternETHUSD Showing continuation pattern despite devirdence. making lower lows and lower Highs
it will furthur continue the Bearish Trend
$ETH forecast next 4 years. I see a lot of exceptionally bullish posts for ETH for the remainder of 2024. In my opinion, this is not correct — the S&P looks very toppy, and I think a reasonably large pull back is to be expected.
$ETH forecast next 4 years. I see a lot of exceptionally bullish posts for ETH for the remainder of 2024. In my opinion, this is not correct — the S&P looks very toppy, and I think a reasonably large pull back is to be expected.
Bitcoin Investing Essentials(7/29-8/4)A Sneak Peek at This Week's Big Events (7/29-8/4)
This week is a big macro week, last week's bitcoin conference released the goodwill of the U.S. political community on crypto, this week's main news returns to the macro market —— the Bank of Japan and the Federal Reserve's interest rate resolution are very noteworthy, because despite the market's expectations of a more consistent, but once there is a news of exceeding the market's expectations are going to be the heavyweight bomb.
🌟 Heavyweight events this week:
7/31 Wednesday**
💼 US ADP Employment for July
💼 Bank of Japan announces rate resolution and outlook report
8/1 Thursday***
💼 US initial jobless claims for the week
💼Fed interest rate decision
💼Bank of England interest rate decision
💼 U.S. ISM Manufacturing PMI for July
8/2 Friday**
💼 U.S. July Unemployment Rate
💼 U.S. non-farm payrolls for July
📌 Crypto Market Outlook:
This week is very full of macro events, but market expectations are more consistent, so the IVs for all major terms are nowhere near the levels seen during last week's Bitcoin conference. The crypto market has formed a wide oscillatory trend since March, BTC has approached its all-time high, while ETH is more sluggish, the exchange rate has fallen sharply, ETH IV of all major terms is only slightly higher than BTC. Timing to choose the right IV, the traders can buy short-term options, especially short-term BTC call options are particularly cost-effective.
📌 crypto interest rate market, Bitfinex interest rate market is relatively quiet, occasionally good interest rate orders, encounter the right interest rate orders can be actively traded.
ETH/USD Elliott Wave AnalysisEther ETH/USD Elliott Wave Analysis
Minor Wave 3 of Intermediate Wave (5)
TradingLevels Support Major level TL3|3,000
Ethereum Is Poised For More GainsEthereum with ticker ETHUSD is nicely waking up after recent higher degree A-B-C correction in wave (4) that can be bottoming at 2700-2850 area as price recovered sharply in the last two weeks that can be first wave 1 of a higher degree wave (5). Notice that there was also a broken channel resistance and five waves up from the lows up to 3565, followed by a sharp drop which can belong to wave 2 correction. So, more gains can be seen now after a Trump's speech at Bitcoin conference in Nashville. There were a lot of positive comments from Trump that can send the price at least up to 3800 area, but we believe it can be trading in wave 3, especially if ETH breaks above channel resistance line near 3800 level. At this stage, alternatively just be aware of more complex wave 2 that can retest 3000 support level.
Ethereum (ETH) at a Major Inflection Point Amid ETF ApprovalVolatile Market Action:
The crypto market's volatile price action continued last week, with much of the previous week’s gains being retraced.
Focus on Ethereum:
This week, Ethereum CRYPTOCAP:ETH is at a major inflection point given the approval of ETFs by the SEC.
Trend-Following Concerns:
From a pure trend-following standpoint, a potential lower-high was completed last week. Following the low from July 5, which exceeded the low from May, this could indicate a short-term downtrend for Ethereum.
Key Support Levels:
Support: $2,900-$3,100
Ethereum is still given the benefit of the doubt as long as prices hold above this support range.
If this support holds, Ethereum could be considered in a broader consolidation within the broadening wedge formation.
Maintaining this support is crucial to avoid further downside.
Key Resistance Levels:
Resistance: $3,400-$3,600
For Ethereum to look bullish again, it needs to clear this resistance range.
Breaking through this resistance would negate the bearish scenario and potentially set the stage for a bullish run, bolstered by the positive sentiment from the ETF approval.
Stay informed and monitor these key levels as Ethereum navigates this critical period! ⚠️📈
#Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #SupportAndResistance #ETFApproval #Bullish #Bearish #Volatility
Ethereum back to 4k zone?Unlike Bitcoin, the recent correction in the crypto market hasn't led to a break of support in COINBASE:ETHUSD case. Instead, bulls held the 2900 technical support level very well. Although the recent ETF approval led to some profit-taking, bulls returned to the market around 3100, establishing a higher low.
With new optimism back in the crypto market, I don't see ETH being left behind, and I expect a continuation toward the 4000 resistance level.
Technically, as I mentioned, we have a higher low relative to the 2900 support, and once 3400 is cleared, we could expect acceleration. This outlook is negated if the recent low does not hold.
ETHUSD - 6 months long consolidationETH USD has seen a long consolidation for almost about 6 months after taking out the resting supply side liquidity after hitting the ATH of 4800.
This supply side liquidity created a new low as of April, 2024 @ 2813 and has not been able to break this area of demand creating a long range consolidation.
Price usually breaks out after long consolidation in either direction (This is important to keep in mind, so that we don't have a bias).
The recent ETF approvals also showed interest for the second largest cryptocurrency with net inflows of $106 million last Tuesday, July 24th.
Here are my key levels of interest:
For a break upwards from this consolidation a key level is the $3234. We want to see price stay above that because it the supply zone from which price broke out.
Long:
If we see strong buyers volume in the coming 2 weeks, we should see a break of the consolidation trend line and test the liquidity present in previous supply @ $3923-4092 and if we can break that then $4783 could come real fast.
Short:
We break the swing low at $2813, we can see $2575 and if the demand size liquidity gets rejected at the previous swing low, then $2115 could be tested.
ETHUSD Ethereum starting to Rise higher :US ElectionsUS Elections as well palying important catalyst here.
Green arrows: A pullback retrace can meet this areas(green arrow) to enter long or increase bullish positions.
First target: 3563
2nd Target 4000-4200
A break above 4200 can lead ETHUSD to 5000-5200
Yellow horizontal lines: Main supports with highest volume
The current breakout is valid,becuz the RSI dropped immediately and leaft oversold area
Ethusd is the only crypto pair that is fundamently and technically building a solide foundation due to political, economical and technical patterns on the same time.
Could price reverse from here?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 3,387.81
1st Support: 3,185.17
1st Resistance: 3,519.30
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ETHUSD is moving as per expectation ETHUSD came to our level of buying now it is moving as per expectation, missed opportunity? No worries now it has made a support of 3200 wait for any correction near 3233-3250 re enter and wait till atleast 3400 as first TP and 3600+ as second TP
Ethereum To The Moon!Ethereum “sell the news” of ETF launch is done. Time to send it to all-time highs.
Bitcoin took 64 days from its spot ETF launch to reach its peak. We’re 7 days into Ethereum’s spot ETF launch.
The same playbook seems to be repeating. More upside to come.
Eth buy assets up.I don't believe in what might happen that's why I say less but I believe in my analysis,take a risk or loose a chance.
Ethereum - if opening a long position at the high risk- a big liquidity at the top
That's the plan so far.
If you have any thoughts, please share them with me in the comments.
ETH target 38004h time frame
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TP: $3880
SL: $3000
RR: 8.78
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(1) Potential double bottom is creating
(2) Left leg of double bottom mentioned above performed good support at 0.382 Fib projection
(3) This is an opportunity to add position for traders who followed previous trading plan
(4) $3880 is good to close "partial", not all, there is a higher target
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Previous analysis
ETHUSD buy at levelBased on the chart pattern wait for a pull back upto 3250 level then buy it simple trade for a long term trade
Ethereum / U.S. Dollar | Range Idea | Weekend Crypto SessionThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an anvoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
# INTRADAY BIAS
- Time Frame Confluence | Sides Attraction
# POSITION & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
# POSITION & Risk Reward | 1 Hour Time Frame
- Measurement on Session
* 20 EMA
* 1000 EMA
* Retracement
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
