Ethereum Analyze (Sensitive zone)❗️❗️❗️Ethereum is currently moving in a sensitive zone on my chart (Resistance zone).
We can imagine two scenarios for Ethereum.
🔆Scenario 1: Ethereum reacts to the SMA50(Daily Timeframe) like 3 times before and fails to break it, and moves towards the support zone again.
🔆Scenario 2: This time, Ethereum can break the SMA50(Daily Timeframe) and approach the Important Resistance line.
Which scenario do you think will happen ❗️❓
🔆Although good fundamental news for Ethereum these days, we hear blockchain transition from POW to POS.
In addition, ETHBTC is in good shape and is moving as I expected✅👇
Ethereum Analyze (ETHUSDT), Timeframe 4H⏰(Log scale).
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ETHBTC
Ethereum Analyze (SMA50)!!!🪒🪒🪒Ethereum is running in the Resistance zone.
It is better to know that one of the important resistances of Ethereum these days is SMA 50 (Daily Timeframe), and as it is clear in the chart, every time Ethereum hits SMA50, it has started to fall.
I expect Ethereum to react to the SMA50 this time and fall to the Trend line(at least).
Ethereum Analyze ( ETHUSDT ), Timeframe 4H⏰(Log scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH/BTC resistance breakoutThe price is pressed against the resistance for a year and a half. On a large timeframe, there is a false breakdown, after which a correction to 0.382 and the reaction of the buyer. We can expect a continuation of the correction to 0.618, where the POC of the recent trading is located and a second exit beyond the resistance on the news background of the next week.
ETH, the show is not over YET. Hi Traders,
Normally i would stick to BTC but given the merge/bullish momentum ETH holds at present i think % returns are greater for longs on ETH.
As we can see, despite all the calls for 10k BTC the technicals are not yet ready to enter the expansion lower zone. MM has pushed it to the very edge but we should expect the unexpected and it certainly looks like this support is holding steady.
I am looking to see ETH hit the prior supply zones of
TP 1 1750-1850
TP2 1950-2050
ENTRY 1530-1550
Manage your risk accordingly, these are wild times.
Goodluck,
Asset Mastery
ETHThis chart is what I'm thinking now, this crash from $2,000 back to $1,500 has tested perfectly 382% fib level which is fib retracement level of a typical W4 , also the mid point dotted line of the parallel channel. Now the recent crash yesterday has retraced exactly to 786% which is W2 level. So we are in w2 finishing that up and headed into W3 of the 5 to around $2,600 plus. (possible)
Ethereum - "Uber-bullish merge" narrative is nonsense In our previous article, we dismissed nonsense about the “uber” bullish effect of the Merge on Ethereum. However, we also stated that we would not rule out a temporary bounce in the price while expecting it to have little to no effect on the overall trend direction. Today, we again stick to this narrative and remain bearish on ETHUSD.
We have no reason to change our bias as fundamental factors will continue to weigh on risk assets in the coming months. Additionally, technical indicators are worsening, which suggests more trouble ahead. Finally, as if it was not enough, a slowing global economy will lead to more risk aversion among assets like cryptocurrencies.
Due to that, we maintain our price targets for ETHUSD at 1 000 USD and 900 USD. Though, we have to note that we are growing increasingly bearish on the pair and expect it to drift below our price targets over time.
Illustration 1.01
Illustration 1.01 shows the most recent developments on the daily chart of ETHUSD. Yellow arrows indicate three bearish breakouts and one bullish retracement.
Technical analysis - daily time frame
RSI, Stochastic, DM+, and DM- are all bearish. MACD is neutral. Overall, the daily time frame is bearish.
Illustration 1.02
Illustration 1.02 shows the daily chart of ETHUSD and two simple moving averages. Yellow arrows indicate bullish and bearish crossovers. The current constellation of moving averages is bearish.
Technical analysis - weekly time frame
RSI, Stochastic, MACD, 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.
Ethereum (ETH) - September 7Hello?
Welcome, traders.
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Have a good day.
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(ETHUSDT 1W Chart)
The key is whether it can move up near 1741.38 and break out of the bearish channel.
To do that, we need to make sure that we keep the price above 1340.12.
(1D chart)
1st resistance: 1741.38-1879.61
2nd resistance: 2285.94-2558.23
1st support: 1542.32-1622.46
2nd support: 1340.12
The key is whether it can move above 1622.46 to break out of the short- and medium-term bearish channel.
If you can't get out of the bearish channel, you need to be careful as it could move towards the 1340.12 area.
For a full-fledged uptrend to continue, it must rise above 1879.61.
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As I said in the LINK Coin article, I feel like it will rise further as it gets closer to the resistance section.
In order to suppress this psychological state as much as possible, you need a trading strategy that allows you to buy when supported in the support zone.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, 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.)
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Ethereum ETHBTC - New all time high this year! Then a big crash?
Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.
As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.
Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair.
According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave.
Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH.
Look at my ideas about interesting altcoins in the related section down below.
For more analysis, please hit "Like" and "Follow"!
Broadening Wedge TopsTrading Broadening Tops
The breakout direction for Broadening Tops
The trade is to buy when price touches the lower trendline for the third time.
Very often these patterns have partial rises and partial declines that are followed by a breakout. When price rises from the lower trendline and fails to make the upper trendline it is likely to breakout lower. When price falls from the upper trendline and fails to make the lower trendline then the breakout is likely to be upwards. In my experience partial declines are more consistent with producing upward breakouts than partial rises are in producing downward breakouts.
The breakout occurs when price closes on the outside of the pattern, above the upper trendline or below the lower trendline.
Trade in the direction of the breakout.
Ethereum looking strong? Ethereum
Intraday
We look to Buy at 1581 (stop at 1541)
Short term bias has turned positive. We look for a temporary move lower. We look to buy dips. 50 4hour EMA is at 1580.
Our profit targets will be 1678 and 1708
Resistance: 1700 / 1750 / 1800
Support: 1650 / 1600 / 1550
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Etherium's Downtrend Looking Similar To Last Uptrend On 14 August Etherium started a downtrend like BTC and other altcoins. Different then others Etherium's graphic looks very similar to its last up run. Similar corrections and similar moves... In this scenario, Etherium can go down to 1000 again.
Important Fibonacci levels:
-2030
-1780
-1640
-1520
-1400
-1220
-1000
Ethereum Analyze (Short term/Scenarios)!!!⏰Ethereum was able to move as I expected ✅👇
Ethereum passed the correction wave by double three corrections(WXY), and now I expect that Ethereum will go down at least until support zone (1), or if it breaks this zone, we can expect that it will close to support zone(2).
Ethereum Analyze ( ETHUSDT ), Timeframe 15min⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN 1H TA: New S&R UpdateWell, in the previous analysis of the 12 -hour frame time, I pointed to the failure line failure, and I still adhere to the previous decline analysis, in the one -hour frame time I specified the support and resistance areas.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
ETH The Ethereum Merge | What Could Possibly Go Wrong?Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
MakerDAO (MKR) said that the Ethereum Merge could lead to perpetual contract backwardation and negative funding.
Backwardation and negative funding refer to a market situation where futures prices are lower than the expected spot prices.
The launch could trigger selling pressure across chains existing on proof-of-work.
Ethereum network’s security and performance could be negatively impacted by the upcoming upgrade.
If you haven`t sold ETH Ethereum here:
Then in my opinion the price target for it is $1160.
Looking forward to read your opinion about it.
BTC to 21k?Please 1st of all smash the boost🚀 button and follow me to support my work if you like it! It's absolutely for free.
After many failures ₿itcoin finally broke this red downtrendline (zoom out) which then it flipped to support a sent the price higher. Now BTC just breaking up the yellow triangle📐 and I think there is chance for run to 21200 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 20292
STOPLOSS (SL) : local low @ 19992
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 21200
REWARD RISK RATIO (RRR) : 3
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
ETHBTC Breaking above its 5 year Triangle? Full on Ethereum?This is the ETHBTC pair on the 1W time-frame where it's shown trading within its long-term trading pattern, a Triangle. On the August 08 1W candle it tested the top (Lower Highs trend-line) for the second time and after pulling back for two weeks, the current candle is again on the verge of hitting it. Can it break this time?
Well, the same Higher Highs formation has been previously seen another 4 times. Three of them started rallies (with the two extreme) and only one had the pair make a Lower Low that touched the bottom of the Triangle. Still, this is associated with general market rises and since this time the 1W MA100 (green trend-line) is in support, we can expect ETHBTC to break above the Triangle and have Ethereum gain over Bitcoin once again. If not, expect another Higher Lows test.
What do you think will happen?
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$ETHBTC: Ethereum peaked...short it.The pre merge enthusiasm caused a big rally in both the ratio and dollar charts, both charts just flashed a short signal in the daily chart with very tight stops and big reward to risk, with open ended downside if it keeps trending down after the 1st range target is hit here. I'm long $SPY vs a long $BITI position as a pair trade currently, but will also add an Ethereum short as well. (probably ok to do a naked short or own puts)
Best of luck!
Ivan Labrie.