ETH/USD - Target @ $3,400 is set! Can ETH hit it? 😎ETH had a good day today with a nice bullish candle.
Now we're pressing against $3,250. If we can break it then ETH can quickly move to the key resistance at $3,400.
The chart is bullish, my only concern is the lack of volume. Decreasing volume on an increasing price = BEARISH.
So once we hit $3,400, ETH may enter a more severe pullback. Let's see.
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Ehtereum
Bitcoin (BTC) - January 24Hello?
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
(27650.0-33101.0 section: strong support section)
The 42084.0-47010.0 section is a support section for creating a new wave.
(XBTUSD 1D Chart)
Resistance section: 46695.0-49518.0
Support section: 26932.0-29755.5
The 33101.0 point is an important volume profile section.
So, if it fails to move above the 38225.0 point, I would expect it to fall near the 33101.0 point.
If there is no support near the 33101.0 point, we expect to touch near the support zone.
At this time, you need to check if there is a sudden movement.
It needs to rise above the 42084.0 point to turn into an uptrend.
However, since the uptrend is expected to continue until the resistance section is crossed, countermeasures should be considered.
In the CCI-RC indicator, the CCI line is located below the -100 point, indicating a downtrend.
Therefore, volatility may occur when the CCI line touches the -100 point as the BTC price rises.
At this point, you should check to see if there is support or a surge with a large volume.
The period of great volatility is around March 9th.
However, it is necessary to check whether it can rise above the 38225.0 point due to the volatility around January 26.
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(ETHUSDT 1W Chart)
Above 1728.74 point: Expected to create a new wave.
You need to see if you can move up along the uptrend line (2).
(1D chart)
First resistance section: around 3375.08
Second resistance section: 4191.93-4464.22
Support section: 2285.94-2558.23
I think the 2285.94-2558.23 support section is an important section to determine the trend.
Therefore, it is important to make sure that you can get support in the support zone.
A decline from the 2275.68 point could lead to a fall near the 1741.38 point, so trade with caution.
It must rise above the 3375.08 point to turn into an uptrend.
The next volatility period is around February 15th.
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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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$BTC head n shouldersBitcoin reject 200DMA on daily again smell of "head and shoulders" pattern n don't expect trick for short bc we got so much smart ballast at the begin of 22 and last liquidations aint enough so in case of $39k price will lead to major $31k support which is bottom. above we are $29k bullish.
ETH/USD - Reclaims $4k post-crash! Sign of strength!Despite the market crash on Saturday morning, which saw significant liquidations of over-exposed leveraged traders, Ethereum managed to recover almost entirely, as of writing these lines.
This is an important signal to the market that ETH is firmly holding against Bitcoin, which appears much weaker following this weekend crash. While ETH managed to recover fast and reclaim the $4K milestone, the same cannot be said about Bitcoin.
For this reason, on the ETH/BTC chart, ETH just made a higher high at 0.085 BTC, which is the highest level since May 2018. The all-time high versus Bitcoin lies around 0.15 BTC, and Ethereum appears well on its way towards that target after breaking above the key resistance at 0.080 BTC, along with a horizontal triangle pattern (as shown on the following chart)
Against the USD, ETH has to remain above the key support at $4,000 to maintain the bullish price action and then likely to face resistance levels at $4,284, $4,500, and $4,868 (ATH).
Trading Volume: During the crash, the volume peaked. However, the recovery candle saw a lot fewer amounts of volume. Best to be cautious because of this, particularly once the price reaches the first resistance at $4,284. In other words, the volume is not in favor of the bulls right now.
RSI: The daily RSI made a higher low, despite the crash. This is a sign of strength and gives hope for a speedy recovery.
MACD: The MACD was bullish before the crash, but this quickly rolled over due to the collapse, as the moving averages flipped back down and the histogram went into the negative territory. If ETH stays above $4,000, the MACD will likely revert back to the bullish territory.
The bias for ETH is neutral. It is too early to turn bullish and traders should be cautious as any significant rejection at the resistance levels may lead to an over-reaction from the market due to the recent crypto market crash.
Ethereum’s fast recovery back above the psychological level at $4,000 is a key win for the bulls and if they can sustain it, then confidence in ETH will return and build up momentum for a rally. ETH must not close a daily candle below $4,000. As long as this is so, ETH is well-positioned for higher targets.
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Ether (ETH) has a good long-term future Ethereum is a decentralized, open-source blockchain with smart contract functionality.
Ether (ETH) is the native cryptocurrency of the platform.
Amongst cryptocurrencies, ETH is second only to Bitcoin in market capitalization.
ETH has bounced up from support @ 4619.85 using Aspen Trading Support & Resistance Levels.
It has moved closer to the resistance level of 4819.85 and a move above this level can lead to further upside.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
ETH - Finding a new support level between Nov 2021 - March 2022Ethereum has shown historically that it can go up really high in a short period of time, but then it drops back as well really fast.
It recently reached it's all time high and most likely will reach $5,000 - $8,000 in the next 3-6months, but the important thing to watch is not how high it will go but how far down will it drop between Nov 2021 - March 2022 in order to find the a new support for growth from March - Oct 2022.
ETH is next ready to break important resistence!! Hello dophine family, get ready for Eth for the next move to beak ATH!!!
After BTC we will see ETH take the lead get ready.
BTC---ETH---LARGE CAP ALTS---SMALL CAPS, it's very important that you have a strategy for the incoming weeks.
Good luck to you (:
FOLLOW and LIKE for a new ATH!!!!
WILL ETH BREAK ITS ATH???Hello folks,
Welcome to this another important update on ETH in 4 hours timeframe.
Thank you for being so supportive. It’s an honor to serve you guys with quality content.
Ethereum is still under the channel and above the support level but it is failing to break the upper trendline. The dotted line shows a trendline formed under a trendline which is currently acting as a support for ETH. A breakdown below this channel will form a bearish scenario for ETH. A continuous fall can possibly drop the price up to $2590.
Now, let's look at the bullish side as well. In order to stay bullish, ETH must hold the support and break above the channel as well as the $3600 resistance level.
If you are looking for a trade opportunity then it's better to wait for confirmation. I will open my long trade setup only if ETH breaks the resistance level, and I will open my short only if ETH breaks the support levels.
What do you think about the ETH price move?
Do you think ETH will reach its ATH?
OR
Do you think ETH will bleed badly?
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Ethereum formed bullish BAT for a good profit moveHi dear friends, hope you are well and welcome to the new update on Ethereum coin.
Previously we has a nice trade of ETH with Bitcoin pair:
Now again on the daily time frame chart, the price line of Ethereum has completed the final leg of bullish BAT.
Buy and sell targets:
Buy between: 0.0581 to 0.0567 btc
Sell between: 0.0615 to 0.0664 btc
Stop loss:
The maximum extent of buying zone 0.0664 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 17%, and the loss possibility is 3%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade