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ETH Will Signal When The Downtrend Will Resume—Just Follow PricePrimary Chart: Ethereum's Bear Rally to Continue a Bit Further Before Downtrend Resumes Chart shows Bollinger Bands, Fibonacci Levels and Supply Zone Summary: ETH's short-term countertrend rally continues and points higher in the short-term before the downtrend resumes. Near-term targets are resistance and lie at $1798-$1823 range and 1912.49 over the next week. Only if price can hold and reclaim $1912 will price also have any chance of reaching $2000. Ethereum's bear rally may continue a bit further this week before the downtrend resumes. The mouth of the Bollinger Bands are widening on the daily chart, indicating increased volatility that typically coincides with a larger directional price move. At this point, price is walking the upper band of the Bollinger Bands, which signals that the trend in the short-term is up. Furthermore, on the Primary Chart above, consider how price has held above the .50 retracement of the June to August rally at 1455, a short-term confirmation that this countertrend rally may last a few more days. The countertrend rally's continuation is confirmed by the 8-day EMA, a simple but reliable gauge of near-term momentum and short-term trend. Note that although the 8-day and 21-day EMAs point higher in the short-term, bear markets frequently make sudden, volatile price moves in either direction. So traders and chart watchers should be ready for price to fail at any time and resume the larger-degree trend, which is down . Supplementary Chart A: 8-day and 21-day EMA Point Higher in the Short-Term Despite the Bear-Market Context Confirming that the short-term trend is upward, consider the anchored VWAPs from key highs and lows shown on Supplementary Chart B. Price has broken above each anchored VWAP placed on this chart including the one from the April 2022 swing high (purple), the June 2022 swing low (green), and the August swing high (yellow). In addition, two simple uptrend lines—two have been drawn to ensure that the entire range of trendline placement is included—also confirm the ongoing validity of the bear rally. Yes, this may frustrate bears for a bit longer—and to be clear, this author remains a bear in the intermediate term for ETH. Supplementary Chart B: Anchored VWAPs and Trendlines Point to the Bear Rally's Continued Validity It's helpful to remember that there is no need to guess when ETH will reverse it's current counter-trend / corrective retracement. Price and indicators will signal when this happens. It's so easy to get caught in guessing when price is rallying or declining. When price begins showing signs of failed breakouts, when the 8-day EMA turns down again, when the VWAPs are broken to the downside, the technical evidence will then show when ETH is ready to resume its downtrend. Lastly, consider the key levels in addition to the supply zone around 2000-2100 shown on the Primary Chart. Major resistance lies at 1912.49, 2230.95 and 2549.41. Note: These Fibo levels shown below are more intermediate-term levels. It would take a major price move to reach $2549.41, though anything can happen including jaw-dropping rallies in bear markets—but this is not my prediction. Supplementary Chart C: Intermediate-Term Fibonacci Resistance Levels Lastly, consider the levels that are most important to watch this week before considering whether $1912-$2230 can be reached. Price must first must hold $1726 and $1751. Next price must reclaim the .618 retracement of its recent decline at $1798 / $1800. If that holds, then $1912 / $1915 come into play. Supplementary Chart D: Short-Term Fibonacci Resistance Levels www.tradingview.com Please note that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation, and countertrend trading, e.g., trading a rally in a bear market, is tricky and challenging even for the most experienced traders. Countertrend trades are lower probability trades as well. Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. BINANCE:ETHUSDT CME:ETH1! BITSTAMP:ETHUSD COINBASE:ETHUSD KRAKEN:ETHUSDT
by SquishTrade
5
ETH: The Downtrend Has Resumed, Lows Will Be RetestedPrimary Chart: Bollinger Bands and Fibonacci Channel with Key Support Zones HighLighted Summary: The path of least resistance continues to be downward. Key support levels were broken just above at 1319 and 1455, which are now resistance. Bollinger Bands are widening, signaling a trend move in the coming week. After a whipsaw move to the upper band, price is now persistently walking the lower band. An oversold bounce could occur intraday at any time, but within a few weeks (perhaps days depending on the volatility in markets overall), price may reach a conservative target of $1100-$1126. The more aggressive target is a range from June 2022 lows at $880 up to $1027 . On August 27, 2022, a technical-analysis post on ETH (linked in the above chart on the August 27 price bar) noted that ETH's response to support levels would offer clues as to when the downtrend would resume. The relevant specific support levels shown on that date were $1455 and $1319, which are key Fibonacci retracement levels. Both these levels have now been broken to the downside. The August 27, 2022 post also discussed the following, which were applicable at the time: "Technicals do not provide an answer about whether the intermediate-term or long-term trends have reversed from this year's bear market. They do, however, help see that the near-term path of least resistance is somewhat lower. And they give us price levels and zones to watch to help determine what ETH's next move may be. And such levels may also help traders analyze whether the multi-week uptrend from June 2022 lows will continue further or whether it will be deemed a powerful bear rally within a remarkable downtrend." Now that these two specific technical levels have been violated to the downside, the conclusion that the near-term path of least resistance is lower has now been strengthened and confirmed. The August 27, 2022, post also noted that momentum in the short-term, as measured by RSI and two EMAs, was bearish. This continues to hold true. See the updated RSI chart below (daily). Although ETH had a bit of a rally in the first half of September surrounding its merge, RSI remains bearish. The last major RSI peak occurred on September 10, 2022. Compare this peak with the July 18 and August 13, 2022, peaks in RSI, and one can see that the final rally in September had waning momentum compared to earlier rallies over the summer. Further, momentum remains weak for ETH, and a new low was just made as the prior RSI low from late August 2022 was broken to the downside. But RSI should be watched—if the selling intensifies—for OS levels nearing the extremes from prior tradeable / interim lows this year. Supplementary Chart: RSI for ETH on the Daily Chart Finally, key moving averages such as the 8-day and 21-day EMAs remain bearishly sloped and stacked. This removes the need for talk of reversals and price predictions. As long as the 8-EMA is sloped downward, the path of least resistance continues to be downward. ________________________________________ Please note that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for this week. Also note that countertrend trading, e.g., trading a rally in a bear market, is tricky and challenging even for the most experienced traders. Countertrend trades are lower probability trades as well. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
KRAKEN:ETHUSDShort
by SquishTrade
7
$ETH | Feds 75 bps = Erratic BehaviorI've added the Bollinger Bands into trading strategy as an added confluence and to help identify proper pull backs and knowing when the market turns. Was watching $ETHUSD closely today and as with everything else after Powell's sentiments, it went haywire. If the $ETHUSD were to clear the 20MA I would have longed but with it closing and retreating back to levels prior I am shorting this as it looks more like a pull back as previously noted from prior levels. Also I am using primarily the Daily and 4HR charts to trade as I am mostly swinging. We are still in a downtrend and I see a little more pain to come.
COINBASE:ETHUSDShort
by CryptoHotep
4
$BTC | We are going lowerThe dead cat bounce was retraced last week along with all other markets and hit the trend line nicely. If we break the support zone highlighted (which is a major leve) the next stop is around the $16,000 area (which isn't a strong level at all) and then $11,000. We haven't cleared any trend line and have respected the 50 EMA for over 5 months now. For investors, this is fantastic news. For traders and who are shorting, this is fantastic news.
COINBASE:BTCUSDShort
by CryptoHotep
2
$MATIC | History Repeating ItselfMATICUSD has hit this support zone multiple times with a bounce to the upside but never making it above the 200EMA. And here we are again with the same story. We have oversold on the RSI levels and still significantly in a downstrend, BUT a good opportunity for a decent quick move and profit. I think it can clear 13 and 50 EMAs easily as those have not been respected in recent history. Not expecting anything monumental with all things considering around the crypto market but see a chance.
COINBASE:MATICUSDLong
by CryptoHotep
SBUX: Have Bears Been Needing More Espressos?Primary Chart: Two Anchored VWAPS from Important Highs and Lows and Fibonacci Levels Have bears been needing more espressos? Looking solely at SBUX's chart and ignoring most other equities and equity indices, one might suspect the indices had been doing well since May 12, 2022. SBUX put in a trading low on that date and has made higher lows ever since then. Equity indices tell a much different story, however, with significant declines in mid-June 2022 that made lower lows in this bear market. Equity indices also experienced a significant decline in August and early September 2022. Supplementary Chart A: Upper Bollinger Band Snap on SBUX's Daily Chart and SBUX's Relative Performance Compared to the S&P 500 AMEX:SPY On Supplementary Chart A, notice the following technical features: SBUX made a new multi-month high on September 14, 2022, whereas SP:SPX did not. SBUX's low in May 2022 was not undercut by a June 2022 low, whereas SP:SPX 's low in May 2022 was in fact undercut by lower lows in June 2022. SBUX has been making higher highs and higher lows since May 9, 2022, whereas SPX's price action has been more choppy. SPX made a lower low in June 2022 unlike SBUX. SPX made a lower high September 12, 2022, while SBUX did not. SPX did not snap its upper Bollinger Band today, September 14, 2022. SBUX's 8-day EMA has held above its 21-day EMA for much of the time since the May 2022 low. SBUX's decline in late August and early September 2022 occurred without breaking the structure of the intermediate-term uptrend that has been in existence since SBUX's May 2022 low. Overall, SBUX has outperformed SPX substantially since SBUX's May 9, 2022, low. The outperformance of SBUX has been especially notable today, September 14, 2022. Ironically, this outperformance follows weeks of frustrating and choppy price action in the equity indices, as exemplified by the US index OANDA:SPX500USD . SPX rallied powerfully into August 16, 2022, then it fell sharply about -10% into early September 2022. This steep decline was followed by a 4-day rally of about +6%, which was followed by a 2-day decline of about -5%. So one might be forgiven for wondering whether traders and investors have needed more espressos, which of course could in theory cause a boost to demand for SBUX's beverages despite an ever inflating cost. SBUX began struggling before the S&P 500 and the Nasdaq 100. Perhaps traders were enjoying their profits so much that they just started foregoing those pricey espressos more often. SPX made its all-time high on January 4, 2022. NDX made its all time high several weeks earlier. SBUX started struggling in July 2021, much earlier than broader markets did. Supplementary Chart B: SBUX's Weakness Began Earlier than Broader Equity Indices All humor aside, a longer-term view shows just how wide of a moat SBUX had built for itself worldwide regardless of where its beverages are deemed to rank amongst espresso makers. Consider SBUX's long-term logarithmic trendline shown in the chart below. Supplementary Chart C (below) shows how this line has been respected for decades. This longer logarithmic line goes back to 1992. Supplementary Chart C.1: Long-Term Logarithmic Trendlines Two more long-term trendlines are worth considering below. These are also drawn on Supplementary Chart C.2 (also logarithmic), and they are shorter in duration than the 1992-present trendline in Supplementary Chart C.1. Supplementary Chart C.2: Two More Long-Term Logarithmic Trendlines On Supplementary Chart C.2, notice that what appeared to be a decisive break in the longer-term logarithmic trendline in March 2022 was a failed breakdown, also known as a whipsaw. Price recovered back above the trendline as people realized the pandemic would not ultimately win in separating them from their beloved hand-crafted lattes. But the longer logarithmic trendline was broken again this year in the broader bear market. Yet price recovered above this longer-term trendline this week. Was that due to all the market participants deciding it was more fun to have a drink with a friend at SBUX than to trade? Probably not, but it's an interesting coincidence that SBUX's outperformance starts to shine when equity indices have chopped and frustrated bears and bulls alike for the past several weeks and months. The shorter logarithmic line (also a long-term line going back to March 2020) shown on Supplementary Chart C shows price holding above this line since the lows on May 2022. What comes next? Equity indices have been in an ongoing bear market. The macroeconomic environment, hawkish central-bank policies, and tightening financial conditions would seem to suggest price cannot continue an unobstructed rise. But since May 2022, price has managed to carve out an intermediate-term uptrend structure in the midst of an ongoing bear market. A significant anchored VWAP, shown in dark blue on the Primary Chart at the start of this article, lies directly overhead. This must be recovered along with the .50 (green) and .618 (gold) retracement levels at $97.35 and $104.19 before getting excessively optimistic. But as everyone knows, a security's price can do anything it wants. And consumers can increase or decrease SBUX beverage consumption in the midst of a challenging financial environment where everything costs more, and less cash is available to pay for fancy drinks. But one might reasonably conclude that less consumption could be in store unless inflation can be brought down by hawkish central banks without causing a recession. _____________________________________ Please note that this technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:SBUX
by SquishTrade
12
$USDJPY | Finally A CeilingI think we finally can mark this top area as a massive resistance point for USDJPY as this is it's 2nd go around of a peak and seems to be a free fall. Massive areas of volume have been respected as long as possible but seems like a potential breakdown can occur with little to no air coverage. Could see the gas leaving the rocket ship as soon as it entered the resistance zone. Took a short trade based on RSI and the previous resistance point being respected. Target 100 PIPS with 1:1 My numbers: Entry: 144.404 Take Profit: 143.457 Stop Loss: 145.417 Currently in profit so moved my STOP LOSS to HALF of current profit. Sitting at 144.170
Short
by CryptoHotep
$BTC | Cleared for takeoff 🚀Playing off the momentum train here with BTCUSD. Saw some consolidation around $21450 and short term support, decided to go long here also reaffirming from the daily chart and looks like nice space in between major levels. Arrows represent the present levels of rejection BUT something to note and the main reason I took a BUY for this on the hourly, all of those previous levels were below 200 EMA considerable and also RESPECTED it. Different story here with massive separation between. I honestly think the 23K area is within reach but dont want to be greedy here. Stop loss set below the 13EMA which has been respected in this run so far. Giddy up! 🐎 Entry: $21450 Profit: $22165 Stop Loss: $21021
COINBASE:BTCUSDLong
by CryptoHotep
$ETH | Crucial Point Before the MergeIf ETHUSD can clear this resistance zone, it will be smooth sailing potentially to the 2K area. Took this trade earlier in the afternoon and capitalized on the short term on the uptrend here. I saw an opportunity to catch this and expected a bounce off the 13 EMA as its uptrend trail has done this multiple times. on the hourly and didn't see any signs of slowing down. Great separation between the 50 EMA as well. Placed my take profit nearing top of my zone and stop below the 50 EMA area for good measure. I did ADJUST my take profit when I saw the initial rejection at the long wick moved closer to the body of the swing high. Simple 1:1 and I am continuously bullish on ETHUSD
COINBASE:ETHUSDLong
by CryptoHotep
$LINK | Short Ride UpLINKUSD has broken the down trend on the DAILY and looks to repeat similar patterns in June and August, with a major difference being that it has also cleared the 50EMA as well as the beginning of a 13/48 EMA cross happening. I think a good ride to the next resistance area will take and a possibility of break through. I placed a LONG BUY for LINKUSD and placed the stop loss below the 50EMA as it has respected this since the 13/48 cross. Here's my numbers: Entry: $8.13 Take Profit: $8.55 Stop Loss: $7.72
COINBASE:LINKUSDLong
by CryptoHotep
Bitcoin long-term view - reducing distances to EMA100Bitcoin long-term view - reducing distances to EMA100 Interesting to see the past BTC All Time Highs and the corresponding distances to the weekly EMA100 From 2013 >> 2017 >> 2021 - the distances decreased each time Does that mean the next ATH peak will only be less parabolic? Not necessarily since EVERY trend line can be broken - but maybe a possible fact to consider IMO What are your thoughts on that dear Crypto Nation? *not financial advice do your own research before investing
INDEX:BTCUSDLong
by Crypto4Everybody
NASDAQ - 1D - The 3 converging signals. This tutorial looks at the Daily chart main technology index in the World, NASDAQ. When evaluating its prices, NASDAQ has been down-trending in the past 8 months, in a steep decline. It started from its All-Time-High (ATH), when it held the 16700s level on the 21st of November 2021, sinking over 34% towards the 11300 level on the 16th of June 2022. However, since its recent low, the NASDAQ kept increasing in price. In the last trading week (8th - 12th of August 2022), prices formed an interesting technical pattern that could give way to a prolonged upward movement. Today, a new candlestick formed, sitting right on the 200 EMA line. I have highlighted 3 significant patterns which are converging. These patterns increase the probability of such upward movement, leading me to believe in a potential bullish movement: 1- Downtrend Breakout 2- Gap Up or Rising Window 3- 200 EMA (Exponential Moving Average) Breakout To understand the technical patterns I am discussing, it is necessary to identify two indicators within the chart. These indicators are the 200 EMA (Exponential Moving Average), which is the red line following the price, and the Downtrend Line, which is the purple line connected to the recent highs. I have drawn a red circle to point out where the signals converged.  1- The Downtrend was acting as resistance for over 7 months, from December 2021 until the 10th of August. From then, the Downtrend line will act as a support for the potential upcoming upward movement. 2- The Gap Up in price happened between the market close on the 9th of August to the market open on the10th of August. It brought the price up on a powerful movement, ignoring the downtrend resistance line and sitting on top of it, transforming it into a support line. 3- Major investors and hedge funds use the 200 EMA as a bullish/bearish indicator and a strong resistance/support level. The last candlestick (12th of August) closed above the 200EMA line, which did not happen for over 4 months. To conclude, the convergence of the 200 EMA plus the down-trend breakouts along with the rising window form an interesting signal that suggests the downtrend might run out of steam. Happy Investrading!
NASDAQ:NDX
by dmelchiades
Triangle Pattern Breakout in 1 DTF//IGL>The good triangle pattern with strong break-out can be seen in the following chart. >The pattern took 4 supports at the bottom and % resistances at the top! >Todays close is strong both 1 DTF & 1 WTF. >In day chart there is a strong support from the 20&50 Day EMA's. >In weekly chart it has just crossed the 20 Day EMA and heading towards 50 EMA. >Stop-Loss is fine under the green bullish candle and wait for the Volume's built-up and take the positions accordingly.
NSE:IGLLong
by AxionAjay
6