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Eth - Mastering the Gann Chart: A Beginner’s GuideHello Dear, The Gann chart, attributed to the legendary trader W.D. Gann, is a powerful tool for predicting price levels and time cycles. While it may seem complex initially, mastering its principles can give traders a significant edge. This article will break down the basics of the Gann chart and provide you with actionable tricks to incorporate it into your trading strategy. What is a Gann Chart? A Gann chart combines price and time to identify key levels of support, resistance, and potential trend changes. Gann's theory is based on the concept that price and time move harmoniously. By plotting geometric angles and price levels on the chart, traders can identify critical points where the market is likely to react. The chart shown here overlays key angles and levels, such as: 0° (Base Level): Starting point for calculations. 90°, 180°, 270°, and 360°: Significant price levels derived from Gann’s geometric principles. These levels serve as both support and resistance zones, depending on the market trend. Interpreting the Chart 1. Identifying Key Levels From the chart: 180° = 3,129.91 USDT: A strong support zone. 270° = 3,714.36 USDT: The price is likely to retest this level in a bullish move. 360° = 4,348.82 USDT: This level could act as significant resistance if the price trends upward. 450° and 540° (5,033 USDT and 5,767 USDT): Potential higher resistance zones if the bullish trend continues. 2. Market Reaction at Angles When the price approaches Gann levels, traders can expect: Support: Price may bounce upward if it tests these levels from above. Resistance: Price may reverse downward when testing these levels from below. 3. Time Cycles Notice the vertical grid lines. These represent time cycles and indicate when the price may experience trend changes or significant movements. Look for confluence between time and price for higher confidence trades. How to Use Gann Levels in Your Strategy A. Bullish Scenario If the price breaks above 3,714 USDT (270°), the next target becomes 4,348 USDT (360°). Look for consolidation or rejection around 360°. If broken, the market could target 450° (5,033 USDT). B. Bearish Scenario If the price fails to hold 3,129 USDT (180°), it could decline toward 2,595 USDT (90°) or even the base level (0°). Practical Tricks for Beginners Use Gann Levels for Entry and Exit Plan your trades around key Gann levels. For example: Enter long if the price holds above a support level like 180°. Exit or reduce exposure if the price fails to break above a resistance level like 360°. Combine Gann with Other Indicators Use moving averages or RSI alongside Gann charts to confirm signals. For example, if RSI shows bullish divergence near a support level, it adds confidence to a long entry. Leverage Time Cycles Monitor the vertical grid for time-related trend shifts. If a time cycle aligns with a Gann level, it’s a strong signal to prepare for market movement. Practice in Simulated Markets Start using Gann charts in a demo account before implementing them in live trading. This helps you build confidence in identifying and reacting to levels. Final Thoughts The Gann chart is a blend of art and science, offering a unique way to view the market. While it requires practice to master, its predictive capabilities can significantly enhance your trading results. Start with small steps—focus on a few Gann levels and time cycles—and gradually incorporate them into your trading routine.
by Magic_xD
Potential Bullish Breakout on ETH with Cup and Handle FormationThe ETH/USDT chart displays a classic Cup and Handle formation, a chart pattern indicative of a bullish continuation. Cup: The initial curved phase illustrates a correction followed by a recovery, suggesting consolidation. Handle: The current consolidation in the form of a descending channel could serve as an accumulation zone before a potential breakout. Technical Targets: Key level to break: $4,150. A close above this resistance could confirm the pattern. Theoretical target: Upon confirmation of the breakout, the projected target is around $7100 & $9,842, based on the height of the "Cup." Monitor volumes and price action around the red resistance zones to validate this scenario.
Long
by richermaxime5
2
Ethereum's Second Scenario (3D)Now, it’s worth taking a look at higher timeframes. Regarding Ethereum's bearish scenario, as you may recall, we previously considered a large triangle for Ethereum, which remains valid and has not been invalidated. However, the available data suggests that the scenario from this analysis is still valid as well. The strength of the bounce from the green zone to the upside will determine the next scenario, indicating that we need more data. The market in higher timeframes, like the 3-day chart, is corrective. This is why traders in the 4-hour timeframe are facing a bearish trend. Support from Trump and the U.S. government for Bitcoin has also slowed down this correction, extending its duration. In any case, the green zone could reverse the trend in the 3-day timeframe toward the red circle. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
Understanding Average True Range (ATR): A Measure of Market VolaThe Average True Range (ATR) is a technical analysis indicator that measures market volatility. Developed by J. Welles Wilder Jr., the ATR provides traders with insights into price fluctuations, helping them set stop-loss levels, identify breakout opportunities, and assess market conditions. What is ATR? ATR represents the average range of price movement over a specified period, capturing the level of volatility rather than the direction of price movement. A higher ATR indicates greater volatility, while a lower ATR suggests a calmer market. How is ATR Calculated? The ATR calculation involves three steps: 1. Determine the True Range (TR): The True Range is the greatest of: - The current high minus the current low. - The absolute value of the current high minus the previous close. - The absolute value of the current low minus the previous close. 2. Calculate the Average True Range: - ATR is the moving average of the True Range over a specified period (typically 14 periods). How to Use ATR in Trading 1.Set Stop-Loss Levels: - Use ATR to place stop-loss orders at a distance that accounts for market volatility. For instance, set a stop-loss at 1.5x the ATR below the entry price in an uptrend. 2.Identify Breakouts: - Compare current ATR values to historical ATR levels. A sudden spike in ATR often signals a breakout, indicating increased volatility and potential price movement. 3. Determine Market Conditions: - High ATR values suggest volatile markets, often seen during major news events or market openings. - Low ATR values indicate a period of consolidation or range-bound conditions. 4. Position Sizing: - ATR can help calculate position sizes based on volatility, allowing traders to adjust their risk exposure accordingly. Strengths of ATR -Versatility:Can be applied to any asset class or timeframe. - Adaptability:Works in trending and range-bound markets to measure volatility. - Enhances Risk Management:Helps traders set realistic stop-loss levels based on market conditions. Limitations of ATR -Lagging Indicator:ATR is based on historical data and doesn’t predict future price movements. -No Directional Bias:ATR measures volatility, not the direction of the trend. -Context Needed:ATR values alone don’t provide actionable signals without additional analysis. Best Practices for Using ATR 1. Combine with Other Indicators: - Pair ATR with trend-following tools like moving averages or MACD to validate signals. 2.Adjust Periods: - The default 14-period setting works well for most markets, but traders can adjust it based on their strategy and timeframe. 3.Use with Breakout Strategies: - Monitor ATR spikes to identify potential breakout opportunities. Example of ATR in Action Imagine Ethereum (ETH) has an ATR value of $50 on a daily chart. A trader planning to enter a long position at $1,800 might set a stop-loss at $1,725 ($1,800 - 1.5x ATR) to account for typical price fluctuations. As the ATR increases to $75 during a volatile period, the trader adjusts their stop-loss level to $1,687.50 ($1,800 - 1.5x ATR), ensuring it reflects the heightened volatility. Conclusion The Average True Range is an invaluable tool for traders seeking to understand market volatility and manage risk effectively. While it doesn’t predict price direction, its ability to quantify volatility makes it a key component of any robust trading strategy. Practice incorporating ATR into your analysis to refine your approach and improve decision-making.
Education
by Cryptonic_Trading
ETH copying pattern? Potential drop below $3,000?CRYPTOCAP:ETH seems to be repeating an old pattern—I’ve marked it with an arrow. I first noticed this about 10 days ago, and as time goes on, it’s looking more and more like the left shoulder of a classic head-and-shoulders bottom. Interestingly, the #MACD is perfectly mirroring the same movement too. If #ETH is indeed forming the right shoulder, we could see a pullback of around 31%, dropping it below 3000 to roughly 2800. This move makes sense, as key players often target psychological levels like 3000, where a lot of stop-loss orders are placed, potentially triggering larger price shifts. What’s even more intriguing is that a drop to 2800 would push ETH below the lower edge of the symmetrical triangle, which could seriously dent market confidence. What do you think? Does this match your analysis, or are you seeing it play out differently? --- Let me know if you'd like further tweaks!
by Harold_123
1
ETH: Bullish pattern inside a bullish pattern, in a bull cycle..Lets take a closer look at ETH from all perspective: - We are in a bull cycle, but news/community and media is quite negative about ETH, concerns on ETH foundation, volumes dropping, fear of SOL being the replacement for ETH etc. This all sounds to me as, you should do opposite of what the crowd says, as the herd always gets slaughtered. So people are screaming its over for ETH it might just be the start of the wave for ETH. - We are in a bull cycle, maybe just last legs of it, but we are not going for Bear market yet, I think BTC and the general market will make another move as soon as the Trump administration makes a bullish headline for crypto in general after inauguration, everybody thought he would say something during the ceremony but lets wait, ETH has always been the last one to move at the end of the cycle, so we still got time. - Patterns: Inverse Head and Shoulders pattern as you can see which is a bullish pattern, and if you look at the formulation of the last shoulder, you can see a Falling Wedge pattern which is another bullish signal. - EWO: Closing red waves, which means a green one is about to start - 1W RSI: Looking to flip up, which is a bullish sign but not confirmed. Two scenarios: - We go to below 3k levels around 2.8k, before we pump - We pump to start of February, going sideways or a little bit closer to 3k levels then now Sit and watch
Long
by farhadjafarov7
What is wrong with ETH?While Bitcoin continues its high timeframe trajectory, Ethereum seems stuck at a crossroads, still undecided on its next move. Theoretically, the bearish red structure remains in play, but the recent bounce off the blue box has given the bulls a glimmer of hope. Could this be the move that breaks the bearish scenario and flips the script? Possibly—but ETH seems to be waiting for something. Is there truth to the rumors of the Ethereum Foundation selling? If so, why would they? The answer isn’t clear yet, but in my opinion, it’s only a matter of time before ETH shoots up. It’s the undisputed king of smart contracts for a reason, and despite the growing belief that Solana might dethrone it, I don’t see any evidence in the charts to support that narrative here. As tempting as it may be to act prematurely, the market rewards patience and precision. Remember: Watch. Wait. Win.
Long
by xSamu_TA
ETH Pattern | SOL | All Time High for ETH in SIGHTSolana has recently made a new ATH - and, surprisingly BEFORE Ethereum. This cycle shows to be different than the previous alt cycle, where ETH leaded SOL. Currently, what we're seeing in the weekly timeframe is a clear bullish pattern on Ethereum - the bullish inverses Head and Shoulders Pattern. It's likely that the liquidity from SOL may move into ETH, together with other alts in the TOP 10 category by market cap. This means, that top10 alts may drop - and ETH sees an increase towards a new ATH. ______________________ BINANCE:ETHUSDT BINANCE:SOLUSDT
Long
by CryptoCheck-
ETH - 4H Elliott Wave AnalysisGreetings, this is my current Elliott Wave count for ETH. Last week we have seen a lot of bullish price action across the market but ETH seems to be underperforming lately, maybe we should see this as an opportunity! We assume the the green Wave 4 bottomed on the 5th August 2024 and we started green Wave 5 of which we might have potentially finished the Wave 1 displayed in blue here. In the past weeks we have seen an correction unfold as red ABC which could have finished blue Wave 2. The blue Wave 2 support area sits between the 0.5 FIB at 3110.99 USD and the 0.786 FIB at 2539.57 USD. We already dipped into it got close to the golden pocket and saw a first reaction to it. Assuming blue Wave 2 is in we can calculate potential targets for blue Wave 3. The targets sit at the 1 to 1 FIB at 4897.99 USD, the 1.236 FIB at 5369.52 USD, the 1.382 FIB at 5661.22 USD and the 1.618 FIB at 6132.75 USD. Noteworthy is that the 1 to 1 FIB at 4897.99 is right in confluence with the previous ATH at 4877.54 USD which can lead to a reaction when we hit this target. Be aware that we could dip again lower as the red Wave C only touched the 0.618 FIB extension at 3120.11 USD which is rare but valid. We still got the 1 to 1 FIB at 2734.29 USD as red Wave C target which is right below the golden pocket of the blue Wave 2 support. Additionally the price might be a little choppy on the way up as the move already started a bit shaky. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
ETH/USDT 1H: Bears Eyeing $3120 as Momentum Fades!ETH/USDT 1H Chart Analysis 🚀 Follow me on Tradingview if you respect our charts 📈 Current Price: $3220 Market Analysis: Bearish momentum after rejection at $3300 resistance. Hidden bearish divergence on RSI, signaling potential continuation to the downside. Key Levels: Resistance: $3300-$3320 Support: $3180-$3200 Critical Demand Zone: $3120-$3140 Trade Setup (Confidence Level: 8/10): Entry Zone: $3240-$3260 Targets: T1: $3180 T2: $3120 Stop Loss: Above $3305 (recent swing high). Market Maker Activity: Distribution phase visible at higher levels ($3300-$3320). Potential liquidity sweep below $3180 support. Accumulation expected near $3120 demand zone. Recommendation: Short positions recommended in the $3240-$3260 zone. Monitor for volume confirmation near entry and support levels. Risk management is key due to volatile market conditions. Confidence Level: 8/10 for bearish continuation. 🚀 Follow me on Tradingview if you respect our charts 📈
Short
by Cryptokijker
ETH/USDT: Preparing for a Key Breakout from Descending WedgeEthereum (ETH/USDT) is consolidating within a descending wedge, a pattern that often precedes a bullish breakout. Here's an in-depth analysis of the setup: 1. Price Structure and Trend Overview: The price has been consistently respecting the wedge boundaries, with a well-defined resistance line near $3,400-$3,450 and a critical support zone around $3,200. Multiple "Change of Character" (CHoCH) points in recent sessions indicate significant battles between buyers and sellers, signaling potential momentum shifts. The larger trend remains neutral-to-bullish as ETH holds key supports and continues to form higher lows on the longer timeframe. 2. Momentum Indicators: RSI (Relative Strength Index): Currently hovering near 50, indicating a balance between bullish and bearish forces. No oversold or overbought conditions are evident, but bullish divergence could emerge as ETH approaches the wedge apex. MACD (Moving Average Convergence Divergence): The MACD line is close to crossing the signal line on the 4-hour chart, which would signal bullish momentum. Histogram bars are narrowing, suggesting a breakout is imminent. ADX (Average Directional Index): ADX remains below 25, confirming the current low-volatility consolidation phase. A sharp move will follow as ETH exits the wedge pattern. 3. Volume and Market Sentiment: Volume has been tapering off, a classic characteristic before a significant price movement. Accumulation zones are visible around $3,200-$3,300, where buyers are stepping in. Momentum volume is expected to surge upon a breakout, and this would confirm directional bias. 4. Trade Setup: A. Entry Points: Conservative Approach: Enter after a confirmed breakout above $3,450, ideally accompanied by a volume surge. Aggressive Approach: Start scaling in near $3,300, with the wedge support acting as a cushion. B. Stop Loss (SL): Place a tight stop-loss below the $3,189 level to mitigate risks of false breakouts or downward continuation. C. Take Profit (TP): TP-1: $4,400 - A short-term target, aligning with historical resistance and high-volume zones (70-80% confidence). TP-2: $4,800 - Medium-term target, capturing the measured move from the wedge breakout (50% probability). TP-3: $5,800 - Long-term bullish target if momentum builds strongly. 5. Key Observations: Breakout Timing: ETH is nearing the apex of the wedge, suggesting that a decisive move will occur soon, likely within the next 24-48 hours. Bearish Scenario: Failure to break above $3,450 would see ETH retest lower supports at $3,200, with further downside risks to $3,000. Bullish Scenario: A clean breakout with a strong volume spike could propel ETH toward the targets, especially as momentum aligns with technical patterns. Actionable Plan: Monitor Levels: $3,450 is the key resistance to break. Use this as the confirmation level for entering trades. Volume Confirmation: Ensure breakout is supported by high volume, validating the directional bias. Risk Management: Maintain a strict risk-to-reward ratio with SL at $3,189 and defined profit targets. Conclusion: Ethereum is at a pivotal point, with the descending wedge pattern signaling an imminent breakout. A bullish breakout appears more probable, but traders must exercise caution until confirmation. Patience and discipline in managing risk will be critical for capitalizing on this setup. Advice: Market sentiment can change anytime. Focus on proper risk management and trade cautiously to protect your capital.
Long
by MyTradingJournal6th
3
Ethereum's expected movement!BINANCE:ETHUSDT Ethereum is in a falling wedge, meaning the price will decrease for now but start of a bullish movement shall happen soon. ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by Cryptonic_Trading
EHT USDTEth usdt is making a Head & Shoulders pattern on the daily timeframe. It seems like it can take a couple of more days to complete the pattern. Upon completion, this pattern can give a massive opportunity to catch a good trade in this bull run. None the less it is always advised to see the setup complete its proper pattern. Overall sentiment is extremely bullish in crypto as the US is preparing for grand welcome day tomorrow. Always remember to manage your risk and risk what you can afford to lose.
Long
by TRADETITANWAQAS
1
ETHUSDT The chart shows Ethereum consistently failing to sustain above this range in recent rallies. A short-term resistance level Ethereum has tested but failed to break $3500. Ethereum is still above critical support levels like $2,750, suggesting the longer-term trend remains intact. If Ethereum can reclaim $4,000, the next targets would be $4,500 and the all-time high near $4,800.A break below $2,750 could lead to a retest of $2,000, a major psychological and structural level.
Long
by MIRZA_TRADS