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D-ETH

Ethereum : WHALES sell, RE-Accumulation Phase NOWIt's made headlines that large whale wallets have sold off large chucks, driving the price of ETH down by over 35% in only a few days. We see a yearly low in the daily RSI, as well as an "Oversold" flash on the Technical indicator. The good news, is that this will give buyers a few weeks to re-accumulate ETH before the next impulse wave up starts: For the short term, the price will likely continue to trade down the lower Bollinger Bands until the sell-off is over. Retail is catching on to the sell off, so it's likely we'll see wicky price action as this kind of volume will be attractive for algo trading. For the SHORT and NEAR term I am bearish, but for the NEAR to LONG term I remain bullish that another impulse wave up is next. __________________________ BINANCE:ETHUSDT
Short
by Crypto-Check-
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ETHUSDT: Descending Triangle Signals Potential Bullish BreakoutAs the crypto market buzzes with anticipation, Ethereum (ETH) finds itself at a critical juncture. Currently trading at $3,468, ETH is poised on the edge of a significant technical formation that could dictate its short-term future. Let's dive into the charts and unravel the story they're telling us. The Hourly Dance: Descending Triangle in Focus Over the past 48 hours, ETHUSDT has been painting a compelling picture on the hourly chart. A descending triangle has formed, with the upper boundary at $3,480 and the lower support hovering around $3,373. This pattern, often seen as a bullish formation, has traders on the edge of their seats. The descending triangle is like a coiled spring, with price action compressing between these two levels. Each touch of the resistance and support adds tension, potentially leading to a powerful breakout. Technical Indicators: The Plot Thickens Let's add some color to our analysis with a few key technical indicators: Moving Averages: The 50-hour and 200-hour moving averages are converging, suggesting a potential golden cross on the horizon. This bullish signal could provide additional fuel for an upward move. Relative Strength Index (RSI): Currently, the RSI is floating in neutral territory, neither overbought nor oversold. This gives ETH room to move in either direction without immediate resistance from this indicator. The Bigger Picture: Daily Chart Bullish Target Zooming out to the daily chart, the outlook becomes even more exciting. A successful breakout from this descending triangle could set the stage for a significant rally. The long-term price target? A mouth-watering 10% upside from current levels. Imagine the possibilities if ETH breaks above $3,480 with conviction. We could be looking at prices north of $3,800 in the coming weeks! Market Sentiment: Regulatory Winds of Change It's not just the charts that are stirring up excitement. Recent regulatory updates have been sending ripples through the crypto space. While the specifics remain hazy, there's a growing sense that clearer regulations could pave the way for increased institutional adoption of Ethereum. This backdrop of potential regulatory clarity adds an extra layer of intrigue to our technical setup. Could positive news be the catalyst that sends ETH soaring through resistance? Trading the Triangle: Entry Points and Risk Management For those looking to ride this potential bullish wave, here are some key levels to watch: Breakout Entry: A decisive move above $3,480 could signal the start of a strong uptrend. Consider setting alerts at this level. Support Entry: For the more risk-tolerant, entries near the $3,373 support could offer an attractive risk-reward ratio. Moving Average Crossover: Keep an eye on the 50-hour and 200-hour moving averages. A bullish crossover could provide additional confirmation of upward momentum. Remember, always use proper risk management. Consider setting stop losses below the $3,373 support to protect your capital. #Ethereum #ETH #CryptoMarket #TechnicalAnalysis #DescendingTriangle #ETHUSDT #BullishFormation #GoldenCross #RSI #MovingAverages #CryptoTrading #BlockchainTechnology #CryptoRegulation #InstitutionalAdoption #BullishTarget #RiskManagement #CryptoNews #MarketSentiment #TradingStrategy #CryptoPriceTarget
by XTradeSetup
ETH - WATCH OUT for SHAKEOUT : Bear-and Bull TrapsUsing leverage when the markets are trading sideways/range is especially risky, since this is a prime place for algo trading to liquidate positions. Shakeouts are more common than you may think. The above example on the left is a perfect example of an extended shakeout over a multi-week period before the upwards price action starts. It is, however, important to keep monitoring the situation. As long as the drop remains fairly small and the price stays close underneath the red trendline, recovery is an option. _________________________ BINANCE:ETHUSD
BINANCE:ETHUSD
by Crypto-Check-
Cryptos fall Cryptos take a nosedive after the report that Mt. Gox moved 47228 BTC from cold storage to anew address. EASYMARKETS:ETHUSD CRYPTO:ETHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:ETHUSD
by easyMarkets