ETHUSD Potential for Bearish Continuation | 29th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a retracement sell entry at 1291.84, where the 38.2% Fibonacci line is located. Stop loss will be set at 1400.48, slightly above where the 61.8% Fibonacci line is. Take profit will be at 1071.11, where the previous swing low is.
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ETH-USD
Just an ideapredicting the future isn't always easy.... but this is my insight on the ETH game
always a potential to drop lower but were seeing fairly strong support around $1100
i assume it will head towards $1600 again just sort of $1600 and retrace back to $1300 before up to $1750-$1770
then we could see the drop to $600 but lets watch the chart and see where this goes
I hear the US is looking to create their own digital currency through the news, and when the news starts talking shit on crypto is always when its the best time to buy crypto
example....
BTC $139 the news said this is worth nothing.... then it hit about $17,000 in a few month
the news laughed as if its a joke like oh i wish i would have bought bitcoin even though they are the people telling everyone to not buy....
welcome to the new era
ETHUSD Potential for Bearish Continuation | 28th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a retracement sell entry at 1291.84, where the 38.2% Fibonacci line is located. Stop loss will be set at 1400.48, slightly above where the 61.8% Fibonacci line is. Take profit will be at 1071.11, where the previous swing low is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 25th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a retracement sell entry at 1291.84, where the 38.2% Fibonacci line is located. Stop loss will be set at 1400.48, slightly above where the 61.8% Fibonacci line is. Take profit will be at 1071.11, where the previous swing low is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 24th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a retracement sell entry at 1291.84, where the 38.2% Fibonacci line is located. Stop loss will be set at 1400.48, slightly above where the 61.8% Fibonacci line is. Take profit will be at 1064.49, where the previous swing low is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 23rd November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a retracement sell entry at 1291.84, where the 38.2% Fibonacci line is located. Stop loss will be set at 1400.48, slightly above where the 61.8% Fibonacci line is. Take profit will be at 1064.49, where the previous swing low is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 22nd November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. With the price tapping into our pullback sell entry at 1348.97, where the 23.6% and 61.8% Fibonacci lines are. Stop loss will be set at 1502.68, where the 38.2% Fibonacci line is. I am looking to take profit at 1064.49, where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension line intersects.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 21st November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. With the price tapping into our pullback sell entry at 1348.97, where the 23.6% and 61.8% Fibonacci lines are. Stop loss will be set at 1502.68, where the 38.2% Fibonacci line is. I am looking to take profit at 1064.49, where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension line intersects.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
InvestMate|Ethereum Attention we are striking out📈📈Ethereum Attention we are striking out.
📈As I wrote in a previous post about future rises on Ethereum, I was not wrong. We were in the perfect place to start the breakout. Link to the post below:
📈As you can see in the chart we have managed to break out of the triangle in the direction I have been writing about for a long time now, i.e. the top.
📈The strong support zone held the price and there was an audacious breakout from the accumulation that had been going on for several days.
📈The target for this moment I put resistance around a very strong cluster of fibo levels and a 1:1 correction. First we have the 0.618 level of the entire downward wave, then the outer 1.618 level of the entire downward correction and finally the 1:1 level of the largest upward wave of the current upward impulse.
📈All as always clearly described on the chart.
📈The scenario I'm playing out is a continuation of the uptrend northwards with a final target around resistance at which I would expect some sort of correction.
📈*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
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Ethereum Accumulation before the bump?💲💲Ethereum Accumulation before the bump?
💲This post is a direct continuation of my previous post:
💲From what we can see we are in a triangle of accumulation.
💲The support zone has been defended again, it stems from the 0.618 level of the upward wave after the breakout.
💲Ahead of us we find strong resistance which stems from the level 1.618 of the correction of the upward impulse and 0.618 of the entire downward wave.
💲I am very curious if the support zone will be defended and we will not see new lows.
💲A fact worth noting is that the major US indices are falling and the relatively cheap cryptocurrencies are not reacting to these declines but are still in accumulation
💲The scenario I am playing out is a continuation of the upside with a final breakout from the cumulative triangle to break out to the resistance zone.
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ETHUSD Potential for Bearish Continuation | 18th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. With the price tapping into our pullback sell entry at 1348.97, where the 23.6% and 61.8% Fibonacci lines are. Stop loss will be set at 1502.68, where the 38.2% Fibonacci line is. I am looking to take profit at 1064.49, where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension line intersects.
ETHUSD Potential for Bearish Continuation | 17th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. Furthermore, the price has dropped below the Ichimoku cloud, indicating a bearish market. We intend to take profit at 1064.49, the previous swing low and -27.2% Fibonacci expansion line, after the price has reached our pullback sell entry at 1348.97. The stop loss will be set at 1502.68, the 50% Fibonacci retracement line.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 16th November 2022The overall bias for ETHUSD on the H4 chart is bearish. Furthermore, the price has fallen below the Ichimoku cloud, indicating that the market is bearish. With the price having reached our pullback sell entry at 1348.97, we intend to take profit at 1064.49, which is the previous swing low and -27.2% Fibonacci expansion line. The stop loss will be placed at 1502.68, the 50% Fibonacci line.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 15th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. Furthermore, the price has crossed below the Ichimoku cloud, indicating a bearish market. With price having reached our pullback sell entry at 1348.97, we are looking to exit at 1064.49, which is the previous swing low and -27.2% Fibonacci expansion line. The stop loss will be at 1502.68, which is the 50% Fibonacci line.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 14th November 2022The overall bias for ETHUSD on the H4 chart is bearish . In addition, price is crossing below the Ichimoku cloud , indicating a bearish market. With price tapping into our pullback sell entry at 1348.97, we are looking to take profit at 1064.49, where the previous swing low and -27.2% Fibonacci expansion line lies. Stop loss will be at 1502.68, where the 50% Fibonacci line is located.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
InvestMate|2 potential scenarios for ETH/USD to play out💸2 potential scenarios for ETH/USD to play out
💸I made a couple of measurements.
💸1. Measuring the fibo from the peak before the start of the decline to the bottom.
💸2. Measuring the fibo from the bottom to the local peak.
💸3. Fibo measurement from local peak to local bottom.
💸4. one to one correction (overbalance).
💸5. Trend channel from peak before falls to bottom.
💸There are 2 scenarios.
💸1. We will start the uptrend which will eventually end at the levels of the 1.618 cluster and the one to one correction.
💸2. we will fall to the vicinity of the 0.618 wave level from the bottom to the local peak. After which we will make a rise to the one to one correction
💸This is a purely technical view providing an outlook for the next hours.
💸For a broader perspective I refer you to the previous 2 posts
💸1. A broad look at the crypto and Bitcoin market:
💸2. A technical look at the next few months on eth:
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
ETHUSD Potential for Bearish Continuation | 11th November 2022The overall bias for ETHUSD on the H4 chart is bearish. In addition, price is crossing below the Ichimoku cloud, indicating a bearish market. Looking for a pulback sell entry at 1385.07, where the Fibonacci lines of 23.6% and 61.8% are located. I've set a relatively safe stop loss at 1677.31, which is the previous high. The take profit level is set at 1064.49, which is the intersection of the -27.2% Fibonacci expansion and 127.2% Fibonacci extension lines.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 10th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1385.07, where the 23.6% and 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1677.31, where the previous high is located. Take profit is set at 1064.49, where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension lines is located.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 9thNovember 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1491.27, where the 38.2% and 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1586.25, slightly above where the 23.6% and 61.8% Fibonacci lines are located. Take profit is set at 1220.00, where the previous low and 100% Fibonacci lines are located.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Momentum | 8th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1571.98, where 2 of the 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1698.11, slightly above where the 100% Fibonacci line and previous high are located. Take profit is set at 1375.58, where the 23.6% and 61.8% Fibonacci lines are located.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.