Ethereum - More pain ahead after the bounce Ethereum, similarly to Bitcoin, enjoys a temporary relief. However, we remain bearish as fundamental and technical factors do not force us to reassess our views. For the short-term, however, we would not be surprised to see a bit more upside as we expect many market participants to forecast the bottom and hunt for a bargain. Despite that, we think the bounce in price will be short-lived like on previous occasions. Accordingly, we stick to our 1 000 USD and 900 USD price targets.
Illustration 1.01
Illustration 1.01 shows the short-term setup for ETHUSD.
Technical analysis - daily time frame
RSI is bullish. MACD is slightly bullish but stays in bearish territory. DM+ and DM- are bullish. Overall, the daily time frame is slightly bullish; however, the trend is weak.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETHBTC
ETHUSDT - Inverse Head and Shoulders Pattern!!ETHUSDT (4h Chart) Technical analysis
ETHUSDT (4h Chart) Currently trading at $1349
Buy level: Above $1340
Stop loss: Below $1260
Target 1: $1380
Target 2: $1475
Target 3: $1550
Target 4: $1660
Max Leverage 3x
Always keep Stop loss
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Ethereum / Bitcoin - RSI at important level 🔵 🔴Ethereum / Bitcoin - RSI at important level
Look what happened in the past when the weekly RSI went from oversold through the blue zone 🔵 (47 - 53)
Maybe a confirmation 🔴occurs with triangle breakout on price chart as well
COMMENT & FOLLOW appreciated
*not financial advice
do your own research before investing
Market Update 9/25/22 Why We Cant Have Nice ThingsTIMESTAMPS:
________________________________________
BTC 0:00
Why the Macro Still looks Bad 7:02
ETH/BTC 8:33
DOGE 9:35
XRP 12:55
Closing Statements 19:45
________________________________________
I go over what I think pretty quickly and then go into the nuance of the movements and then a quick overview of ETH/BTC, Doge and XRP. I recommend watching at least the first 4-5 minutes of the video.
Summary: the Macro looks horrible and that hasn't changed. The price needs to reach around 22.4k within the next couple of days for me to even consider a change in mid-term trend. The fact that BTC mainly moves when the stock market is open hasn't changed either.
There are conflicting buy and sell signals on the short term now with converging sell signals on the 2 and 4hr timeframes.
Yesterday's day candle, to make things worse, hit the target we needed to hit on todays candle, 4 hours before it needed to be hit. Furthermore, were collapsing back down to hit the target we need to hit (today), with the downward trend from everything crated on todays day candle thus far.
I mention Doge XRP and ETH/BTC also, but not much has changed with those.
Check near the end of the video for XRP as it is the only one that may have a chance of doing anything. Though, depending on where the day timeframe candle ends for btc things could be bad in the short short term and indicate weakness coming into the stock market this Monday.
Now, I wait for things to happen, so none of this means much to me until we start these candles where I want to see them. I just like to put out my thoughts to better explain my thinking and show how this strategy can be used for the longer time frames and similarly for the shorter time frames.
Also BTC starting the week right under the Day hull and with a down trend on it, generally shows a big drop chance on the short to mid term.
I will be streaming the Week candle change, starting tonight at 19:30 EST (UTC-4). As I always do.
Ethereum (ETH) - September 26Hello?
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(ETHUSDT 1W Chart)
The interval 924.52-1196.81 is the interval that determines the trend.
Therefore, you need to make sure that it is supported in the section 924.52-1196.81.
(1D chart)
The key is whether the price can be sustained above 1340.12.
Otherwise, it is expected to decline to the 924.52-1196.81 section.
If it falls from 924.52, there is a possibility of a rebound in the 714.29 section, but Stop Loss is necessary to preserve profit and loss.
It is important to keep the price above 1340.12 to break out of the medium-term downtrend.
The Stoch RSI indicator is entering the overbought zone.
Therefore, it is necessary to check where support and resistance are found when the overbought zone is broken.
If support is found near 1196.81, I would expect it to move above 1340.12.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(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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Market Update 9/24/22Short Video. Looking for BTC to end above ~18,819. More specifics are in the video.
Besides that I go over what happened on ETH/BTC, DOGE and XRP and what I am looking for in the coming days.
Take care. Let me know if there is an alt you want me to look at in the future and I can add that to my updates or make one about it.
Ethereum - Relief uptrend, the bulls are stepping in!
The bulls are ready to step in. They are waiting very patiently to enter the market for an upcoming uptrend!
I think this huge downtrend on the 4h chart is over and we need to go up now, because nothing moves in a straight line like Luna.
I see a lot of indicators on the stock market and also on other altcoins that the bulls are gaining strength temporarily.
But I think this will be just a relief rally before a continuation to the downside in the direction of the major bear market.
On the 4h chart we can spot a nice descending channel and the price is currently breaking out! I expect 0.618 FIB and the previous breakout level to be strong resistances where the bears will appear again.
According to my Elliott Wave analysis, we have finished the strong impulse wave to the downside and we are now looking for an ABC retracement.
Also, the price is consolidating in a symmetrical triangle and we are very close to a breakout, so place your orders if you trade Ethereum.
For more analysis, hit "Like" and "Follow"!
Market Update 9/23/22 The Sound of Bulls?TIMESTAMPS:
________________________________________
What I want to see in APPL: 0:00
How that may translate to the SPY,DJI,NDQ 4:46
VIX 5:40
APPL Possible Concerns/Targets 6:16
BTC/USD 8:36
ETH/BTC 10:00
DOGE/BTC 11:00
XRP/USD and XRP/BTC 15:05
Closing Statements 19:37
________________________________________
I go over what I want to see in the first 3-5 minutes and then I go over some crypto pairs that look like they have big potential moves (more so continuations) coming up. Those are ETH/BTC, DOGE/BTC and XRP/BTC.
We started the day bearish like I expected and ended in the range I expected. Though the in-between was certainly not what I expected. I was somewhat surprised we didn't break to 146.60, but I thought that even if we did early in the day, that it had a high chance to return to the area APPL ended at. Otherwise we start next week over sold and had a strong reason to move back up to test. Which didn't seem like a great idea for longer term bears.
I am still looking forwards to whether we start above or under the Week 500 hull
for APPL as a general idea of whether we return or fall off the cliff, but the sentiment going into this weekend feels bullish. We will see if BTC can end slightly above the Day 500 hull (18945) as it usually does indicating an attempt to move back up and breathing room for alts.
#ETH/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH UPDATE:-Despite the bullish fundamentals of Ethereum’s merger, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the time of this post, ETH managed to find some support at $1,250, but this level remains fragile.
The resistance is not far away at $1,400, and bears will likely come in strong if the price manages to rally to that level. Unfortunately for the bulls, the buy volume is just not there to push the price higher. With the weekend around the corner, the volume will likely drop further, and it’s likely that we will have to wait for Monday for any significant volatility.
Looking ahead, ETH seems more likely to remain in a downtrend. Only a clean break above $1,400 could reverse this negative bias. The indicators on the daily timeframe also give a bearish signal, and this is unlikely to change any time soon.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethereum - Pump and dump, or just dump?Like in the case of Bitcoin, we are also bearish on Ethereum. We will pay close attention to it today as the FED is set to increase interest rates and worsen economic conditions. We expect such action to drag the stock market and cryptocurrencies lower over time. Though we do not rule out an initial bounce up in the price of ETHUSD after the FED decision; however, we do not expect it to last. Due to that, we have no reason to change our bearish bias. Accordingly, we stick to our price targets of 1000 USD and 900 USD.
Illustration 1.01
Illustration 1.01 shows the weekly chart of ETHUSD. It also portrays two simple moving averages, 20-week SMA and 50-week SMA. It can be observed how Ethereum naturally retraced toward its 20-week SMA (which acted as a correction of the downtrend), and now it deviates from it again.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.02
Illustration 1.02 displays the daily chart of ETHUSD, two simple moving averages, and support/resistance levels.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
short positionIf the price goes up, I will enter this short position. Of course, I follow risk and trading management. This position is not a financial advice and I am only sharing it with my friends. Dear friends, I would be happy to write your comments.
This analysis only relies on the chart and the fundamental and macroeconomic parameters have not been given any influence in it.
ETHBTC - Triple Top ETHBTC in the earlier period formed three peaks hitting the red resistance line, with the strong support line being in green
Currently price is experiencing the same kind of pattern, hitting another similar red resistance line, however price is awaiting the third test, which we will occur soon as per this anaysis
The middle yellow down and then rebound up are very comparable in both cases
Bullish
Ethereum - Due to drift lower In August 2022, we stated a bullish narrative regarding Ethereum's “merge” is absolute nonsense that will be proved wrong as time progresses. Then over the coming weeks, we also expressed our worries about the FED meeting in September 2022. Indeed, just hours before the FOMC, we speculated that Ethereum could have experienced a short-lived bounce, followed by a sharp drop. Our assessment proved to be correct, and Ethereum bounced up after the FED decision and then fell with the rest of the market. Because of that, combined with fundamental and technical factors, we continue to be bearish on Ethereum. Accordingly, we stick to our price targets of 1000 USD and 900 USD.
Illustration 1.01
Illustration 1.01 shows simple support/resistance levels for ETHUSD.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
$ETH - Edges lower!$ETH - Edges lower!
$ETH - H&S - Taking us to 1.2k - Even when merge occurs that's in sept - Powell speech shifted the markets into gear dxy heads higher and higher rates 75 are here to continue further - data dependent. 21st sept FOMC.
Restrictive policy: July print - CPI lower however just 1 data. This will need to continue to set back the hikes.
Have a great weekend,
TJ
Ethereum (ETH) - September 22Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ETH.D 1D chart)
For ETH to remain on the uptrend, ETH dominance must remain above the 18.54-20.13 range.
If it doesn't, there's a good chance it will plummet.
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(ETHUSDT 1D Chart)
The 1340.12 area is unsupported and is falling.
The interval 924.52-1196.81 is the interval that determines the trend.
Therefore, it is important to be able to support and rise in the 924.52-1196.81 section.
In particular, if it falls below 1091.48, there is a high possibility of a downtrend, so you need to think about countermeasures.
RSI and Stoch RSI indicators are entering the oversold zone.
Therefore, it is necessary to check where support and resistance are found when the oversold zone is broken.
------------------------------------------------------------ -----------------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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.)
---------------------------------
What's the big deal with the ETH merge?The Ethereum merge is only days away, around 15 September 2022, meaning ETH will transition from Proof-of-Work to Proof-of-Stake.
The good:
- should increase security through decentralizing, provided a broader pool of validators
- energy consumption will be reduced by over 99%
- such a big and important transition will strengthen the confidence in crypto as a whole
The bad:
- could actually reduce security and cause further centralization because there are a few large players involved in staking
- could be easier for governments around the world to control Ethereum at the protocol level because they can impose rules and regulations on these big entities staking ETH (possibly censoring transactions as a result)
What not to expect yet:
- is not going to reduce gas fees
- transaction speed will remain relatively the same
- won't do a lot to reduce network congestion
- staked eth2 will still not be able to unlock
The ETH merge could provide an immediate relief rally. And after that we probably will see the result of "Buy the rumor and sell the news".
Trading opportunity for ETHUSDT - EthereumBased on technical factors there is a Long position in :
📊 ETHUSDT - Ethereum
🔵 Long Now 1377.00
🧯 Stop loss 1322.00
🏹 Target 1 1435.00
🏹 Target 2 1585.00
🏹 Target 3 1730.00
💸Capital : 1%
We hope it is profitable for you ❤️
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