Ethereum (ETH) formed a bullish Gartley | A good buy opportunityHi dear friends , hope you are well and welcome to the new trade setup of Ethereum coin.
Previously after crossing the 1st target the price moved down:
Now on a daily time frame, Ethereum with BTC pair has formed a bullish Gartley move for another pump.
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
Ethbtclong
ETHBTC - Broken Above Symetrical Triangle!We've got a significant break upward with ETHBTC at the moment - breaking out of this symetrical triangle it's been trading within for the last few months. With a Long signal from Crypto Tipster v2 last night we're already seeing gains of a few % in just a few hours!
Get your SL in at just under the most recent tradinf range, around 0.071 and watch this rise up to meet the most recent swing high, grabbing around 8 or 9% profit.
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$ETHBTC 1HR Major Trendline ResistanceEthereum/Bitcoin is testing its major trendline resistance after 2 weeks of rejections and now a 5th attempt to break is really trying hard.
This goes hand in hand with the 1D/3D support trendline that it needs to hold. A break here would signal a support hold on the HTF, while a break would be, well, ugly.
Lot of recent choppy price action in the area where the breakout could be headed, so its a bit of a tossup. Break back down and .0675 should be a key support.
ETHBTC Prices May Float to 0.076 BTCPast Performance of #ETHBTC
There was an ETH price expansion early this week, but bulls were muted on May 3 and 4. However, BTC is trailing the BTC following encouraging surges on May 1 and 2. ETH bulls would likely build on the bullish engulfing bar of early this leg, setting the foundation for an expansion above April highs of around 0.076 BTC.
ETHBTC Technical Analysis
As per the ETHBTC technical analysis in the daily chart, ETH buyers are in the driving seat. Prices recovered from the 38.2 percent Fibonacci retracement level of the April 2022 trade range. The recovery, backed by rising trading volumes on May 1, triggered demand. There is a possibility of ETH bulls finding support in the immediate term. However, this is subject to ETH bulls rejecting any attempt for losses below 0.072 BTC. As it is, traders can load on every dip, targeting 0.076 BTC. A break below this week's low, on the other hand, may see ETHBTC crater to 0.070 BTC, the 61.8 percent Fibonacci retracement level of the same trade range.
What to Expect from ETHBTC?
ETH buyers have the upper hand at spot rates. Still, if there is a crypto correction, Bitcoin bulls may flow back, driving prices below the primary support at 0.072 BTC.
Resistance level to watch out for: 0.076 BTC
Support level to watch out for: 0.072 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
Spotted Fractal on ETHBTC pairThese two are similar in many ways.
During last Feb-Mar price was coming down; I was expecting it to finish a curved triangle pattern at 0.025 area. But it didn't. This time again, after deviation above the range(0.077-0.6), it should come down to 0.6. But it didn't.
If this will play out, it can take this pair back to its ATH in the 0.14 area.
Bullish momentum to continue? Hello friends, let's look at the ETH/BTC chart. ETH appears to be in a Rising Channel against BTC. The Channel Support faced a crucial test at the beginning of March as the 50 EMA crossed below the 200 EMA (Death Cross). Bullish momentum held and ETH has enjoyed a 16% bounce. Bulls gained a confidence boost in early April as the 50 EMA crossed back above the 200 EMA (Golden Cross). I'm expecting this bullishness to continue and will be looking for an entry to increase my position.
Good Luck.
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These are my personal views and not financial advice. Please do your own research before investing.
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ETH.BTC (Y22.P1.E2).Technical AnalysisHi All,
#ETHBTC #ETH
Just looking at this current range and its obvious that from a 2 perspectives, why this will consolidate.
a) Wyckoff SOS - BU/LPS stage
b) Macro Fib 0.5 level
c) Elliot wave count (Wave 2 to 3)
With the Wyckoff strategy, this will be a sideways range and it might have completed and the confirmation is the breakout of this level.
With the Inverted Head and Shoulders approach, we have more to go (UP)
With the elliot wave count, we did our ABC and now looking to do 1, 2, 3 wave or possibly wave 3 to 4 which would take longer.
Using the bump and run strategy, our macro target is much higher.
SUMMARY
Short term, we are to break this soon (might still range a little) and then head for the next target or the fib 618.
Please give me a like and a share or even better, join our community.
All the best,
S.SAri
FIB LEVELS
Wyckoff approach
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ETH.BTC (Y22.P1.E1).Reversal in progressHi All,
We have good evidence that a reversal is happening and that the bear market is about to breakout to bullish.
The ETH.BTC pairing also is one of those that can be seen as confirmation.
Note on this chart, we have our 20 and 50 daily ema's crossing, and we have the 200 daily in lime,
Price has broken all them which in the past signified a bullish turn as you can see with the white dots.
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ETH is going to out perform BTC.
As for targets etc, that is for the private group.
All the best,
S.SAri
#ETH/USDT WEEKLY UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
hello folks
Looking at eth/USDT it looks like the rising wedge pattern bullish trade so I can go to $3150k and $3350k from here and back to $2323k for a retest. bounce back as $5500k,
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.