Optimism channel trend tradeWe have created a pretty solid channel to trade in and right now we are at the bottom great for entry and stop just outside the line we did hit that recently and poped right back
Ehtereum
Etheurem to break to the upside?Ethereum - 14h expiry - We look to Buy a break of 1312 (stop at 1269)
Short term momentum is bullish.
There is no clear indication that the upward move is coming to an end.
A break of the recent high at 1302 should result in a further move higher.
Price action looks to be forming a bullish flag/pennant.
We look for gains to be extended today.
Our profit targets will be 1418 and 1438
Resistance: 1300 / 1330 / 1350
Support: 1280 / 1250 / 1220
Disclaimer – Saxo Bank Group.
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ETHUSD SHORTHI TRADERS
SHORT IDEA FOR ETHUSD
Break of our 4H low lead to our current consolidation phase, looks like we have broken out of our current pattern to the downside
my SL will be just above the recent 1H high and ill be targeting the bottom trend line
DXY looks to be picking up steam and thus we could see some crypto sell off
Let see how it goes !!
Thanks for the support
Keenan
Total Crypto cap vs non BTC vs Non BTC & ETHAll #cryptomarket
Total
Vs
#crypto minus $BTC
Total2
Vs minus
#BTC & $ETH = #altcoins
Total3
Things to notice:
Jan 1 #Bitcoin began to weaken (look @ sell volume in that time frame) vs others
#altcoin are much weaker now - Look @ blue lines
ETH $ Breakout Zone we've got one level to break at 1300$+ in order to see a bulish momentum towards the 1400$+ ,and the 1784$+, onl;y if we held our current asending line , howvere if we got rehected before the 1300$ level, we going to make double support first above the 1100$+, then if we didn't see buying presusre , is means the short will drive the price till the 917$+.
ETHUSDT - reversal is closeOn the weekly chart, Ethereum quotes reached the FVG zone, but did not fill it. This means that the price could reach 720 in the next 1-2 weeks, but this is not a necessary scenario. In any case, there are tests of the FVG zone with the close above, which indicates that the price will aim for the next liquidity void zone, which is above 2160. Therefore, I expect the price to rise from the current values to 2160, or to rise through a renewal of the low.
Of course there is an order block zone around 1500, which could hinder this scenario, but considering the fact that there are no test zones below 720, the price will probably reversal from the 720-900 area. Especially considering the fact the price is in the global discount market area.
*This forecast is the personal opinion of the author and is not a recommendation for action.
Ethereum: Drop it lowTonight is the full moon lunear eclipse that initiates a turning point for transformation. Well, Ethereum came a bit early to the party and dropped it low. We expect Ethereum to come back up to the $1790 resistance and move above $2029 right into the blue target zone. After completing the blue wave (iii) between $3048 and $3756 in the blue zone, the course should turn. Once again, we expect Ethereum to drop out of the target zone. In the secondary scenario, ETH should drop below the support as soon as it crosses the $1194 mark. After moving below the $1194 support, we expect the course to wander further below $883.
How far the ETH course is willing to drop will be specified as we move along.
bitcoin to 12k in 2023 soonBelieve it or not, Bitcoin on the monthly frame says that we are at the end of Bitcoin's decline, and we will go down to the bottom and then head to higher levels!
ETH VERY BULLISH SETUP 40%HI,
I'M extremely bullish for up coming weeks.
I'm expecting eth to break $1700 in coming weeks.
I'm waiting for eth to hold $1250 as support. $1250 is my buy and targets are big.
LET NAIL IT TOGETHER. PLAN IS THE KEY.
Risk to reward is massive here.
All the best!
sell goldSelling gold, there is a slight correction, and then it returns to its position. I wish you a nice day
Ethereum elliot wave count a brief discussion on ethereum. how it is moving according to the elliott wave theory and currently we are in which wave and how we count it and take the targets.
Is crypto about to play catch up?The above chart of Ethereum look to me like we're about to enter the iii of 3 down. This is something the US Markets entered into about a week ago and are about to finish. Crypto has been tightly correlated to the swings of risk assets for the better part of a year now. But I must, this consolidation near the lows has been frustrating. Nonetheless, I stand by analysis and will say with a high degree of certainty that the consolidation pattern is not a bullish pattern.
Like the markets I expect this primary wave 3 of 5 of C of Cycle wave 2 should breach the lows. I expect Ethereum will reconcile much lower. Any advance in price should be looked at as a potential short entry.
As for me, I am not desperate to trade Crypto right now. I am feeling content waiting for the bottom of this pattern from November 2021 to start a new long-term trend of higher prices. I am excited about buying...just not until I can confirm we're bottoming.
PS: I will be off the desk tomorrow for errands associated with Hurricane Ian. I'll be back on Tuesday to update Crypto and the US markets but will answer DM's.
Best to all,
Chris
BTCUSDTBTCUSD repport.
BTCUSD the downtrend continues.
As you can see buyers is weak.
I suppose that BTCUSD will continue the downtrend to 18600.
Don´t forget like and support for more ideas.
Any questions contact me.
Best regards.
🎲 #ETHPERP #SHORT #SCALP 🎲🎲 #ETHPERP #SHORT #SCALP 🎲
"Roll The Dice"
Risk
- Med-High
Entry Conditions:
- Lost Multiple local supports
- Money flowing out of market heavily ahead of the Weds Inflation announcements
News Source:
- Fed Announcements on Weds will disrupt market
ENTRY: 1308
TP1: 4.7%
1248
TP2: 8.64%
1195
SL: 2.67%
1343
ETH Daily chart update.All predictions on ETH went well.this is just a possible path for ETH,too soon to tell but it's good to keep the scenario in mind.
a CLEAN breakout from 1400 zone could lead to higher prices.if this happened,wait for confirmation and enjoy!
I will update this idea later!good luck all!
ETH SHORT TERM UPDATEEthereum is in a decisive position. Above the mid-term trend line support and below the short-term resistance. But RSI shows an increase
EHT short ideaNFA, DYOR, everything I see on the chart. The previous breakout was fake, this down channel is drawn on daily TF with only candle bodies included, dotted line above represents the extreme point of it. Price can go up from here but volume is low, I think one more push to the downside is needed to meet the daily demand zone and the trendline before price rises again, probably RSI will be oversold until then. Have good luck, and enjoy the process of learning.
ETH moving Hi guys, here is yet another idea. If we hold on, on our trend line and we do not fall under, there is a big chance of jumping up to 0.786. Otherwise, we will probably fall to 1564. Eventually 1543 can get tested as well. What do you think?
If you find this helpful please hit that boost button!
ETHEREUM WEEKLY REPORT Hello fellow traders!
Yes, we have been on a bearish run for some time, but it seems like the crypto market is trying to pull back.....and its showing. As you see, ETH has been on this slow progressive positive run, riding this channel perfectly. This momentum can lead to a big positive bull run soon or the complete opposite.
ETH is looking good and steady based on the slow positive climb its attempting. The crypto market is hostile as we all know, so please do your own research and trade responsibly.
Looks bullish... 1.50 soon?Looks bullish and waiting to lift off. May be some pending news will do the magic run.
Bitcoin, big chance for break up reasons:Bitcoin, big chance for break up reasons:
- volume increased at high so much
- squeezing to a trend line
- big potential reward
Yes I know that Global trend os down and the local trend is down but we use an SL if the price goes against us
ETH Breaks Below 1k! What's Next?A few articles ago, I talked about ETH breaking the weekly trend line (teal) and the next major support being $800. Seeing as we just broke $1,000, I strongly believe that is the next target.
The macro environment has been extremely bad the past couple of months and is showing no signs of slowing down (30 year fixed rate mortgages are approaching '08, '09 levels). ETH broke below its 200 EMA two weeks ago and is now on a trajectory for my first DCA weekly support of $800. After that, I'm looking to purchase more at $530, then $308 (the next weekly support levels).
The Whales buy-sell indicator gave us a great short entry towards the end of April and hasn't flashed a buy yet. I'm still waiting for the indicator to flash a buy, as well as ETH to cross back over the 200 EMA . Until this happens, I am still only looking for leverage shorts and spot buying at my predetermined weekly support levels. If we bounce from here, the next major resistance will be near 1400-1500 which coincides with weekly resistance and the 200 EMA .
