Ethereum - Our price targets stay the sameDespite proving our assumptions about the impending drop wrong in late October (when we highlighted some similarities between Ethereum and other cryptocurrencies), we have not backtracked on our bearish calls. We stuck to our opinion that ETHUSD was attractive to short between 1500$ and 1600$ (which we noted already during the summer) and continued to reason that the rally was characteristic of one in the bear market.
Our words came true once again as the price of Ethereum came crashing with the rest of the market, and it made a low of 1 071.50$ yesterday. We continue to be bearish on ETHUSD and maintain our price targets of 1 000$ and 900$.
Illustration 1.01
The image above shows the weekly chart of ETHUSD and two simple moving averages. Yellow arrows indicate strong corrections of the downtrend.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are 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.
Ether
Etherium - Further price declines are expected.After the sot on the chart saw an uptrust (ut) and test. Which signals that the asset will fall in price. At the level of support the buyer did not hold the price, after which the shedding began. At this period of time there is no support on the chart, most likely this is not the end of the movement.
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Ethereum ETH Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Ethereum ETH, which is overvalued.
ETH/USDT short
Entry Range: $1600 - 1700
Take Profit 1: $1540
Take Profit 2: $1370
Take Profit 3: $1265
Stop Loss: $1950
#ETH starting to look like a bullish scenario could be unfolding#ETH
So we broke down on the most recent trend line, there was a pretty big divergence - technically we are looking like a longer term retest here. This is looking pretty bullish to set up a buy around $1370 tbh - naturally there is some big things going on in the market that could cause a much bigger drop, although stagger some entries I feel from about that region. The volume profile is showing not much demand between 1479 to 1364 which is making me feel it will sink to about that price region before seeing true support
Etherium - Price stands on local support.After the release of the data on the chart, buyers held the price at 1544 and pushed it up 8.96%. This tells us that we will most likely see a continuation of local growth if the price doesn't fall below 1544. We need to pay attention to how the price will react to the approach to the level of 1661, we can see several variants of the situation.
First: a false breakout of the local highs and a sharp reversal back and further decline in the price, which will go to test the buyer.
The second one: a structural set of positions by the buyers who will absorb the current supply in the market and push the price to about 2000, where the distribution of the asset can start.
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As said in the previous situation we saw a false pullout and a strong impulse movement.
Ether: $1.7K is a hard task?Although Friday’s trading session was very good for ETH, still, the market remains modestly reluctant toward ETH`s actual potential when it comes to its market pricing. Previous week ETH started in a flat mode, testing support line at $1.5K, and reverted to the upside after FED's increase of interest rate which supported positive market sentiment about potential for further slowdown in rate hikes. However, the highest level reached during the week for ETH was $1.670. The resistance line at $1.7K has not been tested. For some time now it seems like a very hard task for ETH to sustain its price at higher levels.
Three weeks ago ETH reached a clear overbought market side, however, reversal is going slowly. It seems like the coin is still not ready for a stronger reversal. The RSI is still moving around level of 67, missing that incremental move toward the level of 70 and one more time clear overbought side. It seems like a short reversal is on hold. Moving average of 50 days started a very modest path toward the MA200 counterpart, while MA200 continues to move in downtrend. The golden cross is still not in store for ETH.
Current charts are showing potential for ETH to test the resistance line at $1.7K in the coming period. However, for the last two weeks, a short term reversal is expected, considering that the coin clearly reached the overbought market side two weeks ago. In this sense short reversal might lead ETH to the downside and support line at $1.6K, eventually $1.520.
ETH/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part.
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ETH/USDT - LONG ETH released a breakout----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part.
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$ETH
Here we go!
ETH released a breakout & going upwards📈😎
⚡️⚡️ #ETH/USDT ⚡️⚡️
Client: My-ByBit USDT
Trade Type: Breakout (Long)
Leverage: Cross (5X)
Entry Targets:
1) 1688.45 - 100.0%
Take-Profit Targets:
1) 1765.05 - 20.0%
2) 1826.05 - 20.0%
3) 1930.05 - 20.0%
4) 2092.80 - 20.0%
5) 2257.85 - 20.0%
Trailing Configuration:
Entry: Percentage (0.5%)
Take-Profit: Percentage (1.0%)
Stop: Breakeven -
Trigger: Target (2)
ETH will blow off the crypto spaceIn our last price analysis a lot of traders were on the opposite side, but again we proved how accurate is our strategy.
Now in the crypto space there are rumor's for some downtrend movements, but this won't happens at all and a lot of crypto investors will miss this huge opportunity in Ethereum.
For us ETH is the most valuable asset in the crypto space and we are investing tons of money in this idea.
We are expecting to reach $4800 in first upward wave and $7000 in the second
Ethereum Update | ETHUSD3 things happening in ETH
1. We are currently breaking out of the down trend since Dec 2021. Clean breakout.
2. Mini inverse H&S forming for a breakout towards ~$2000
3. If we break out to wards ~$2000 area we will then form a large Cup & Handle
Although doom and gloom everywhere this seems like a very likely scenario to me. Would be nice to get a Santa Rally
Etherium - We see a resumption of buying.Yesterday closed the day with a weak buying bar with a selling tail, which tells us that there is a buyer and that sellers continue to press the price. But the second cryptocurrency's price rebounded 3.5% today (at the time of writing this post). The U.S. non-farm payrolls data is coming out today (forecast
250K), which tells us of increased volatility. In order for the price to continue to rise, we need to remove liquidity, to go for stop loss losses of the longs. Perhaps we will see a spike to the bottom with a quick buyback of the asset. This is my subjective opinion, no matter how it is, but the market is always right.)
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Please pay attention to the previous idea and feel free to share your opinion in comments.
Etherium - After the release of important news goes to test the As expected, the U.S. Federal Reserve increases the interest rate by 75 basis points (0.75%). It is now at 4%.
On the background of this news we saw increased volatility in the markets.
The buyer failed to reach the local highs and the chart continued to move in the downward channel. Maybe this formation lures the market participants to the short for the further movement at the expense of their stop-losses.
If we do not see a resumption of buying at 1480, we can expect a test of the buyer at these prices: 1) 1360. 2)1220.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
The previous idea is still relevant, at any time we can see the resumption of buying.
Ethereum Analyze (Timeframe 4H,10/30/2022)🌊!!!Ethereum seems to have completed its five-wave impulsive in the PRZ(Price Reversal Zone) after breaking the trend line.
🔆To confirm the end of wave 5, I can point to two divergences.
1- We can see the divergence between Price and Volume.
2- Regular Divergence(RD-) is also seen in the RSI indicator (it seems Ethereum is making a descending channel at 4h timeframe, Also, it reacts to the upper line of descending channel well).👇
Also, Ethereum will likely experience a sharper fall if Bitcoin falls, as ETHBTC will look bearish.👇
Ethereum Analyze ( ETHUSDT ) Timeframe 4H⏰.
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.
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ETH/USDT - LONG SCALPING-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ ETH/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Isolated (5.0X)
Entry Orders:
1) 1609.65 - 100.0% (344.7864 USDT)
Take-Profit Orders:
1) 1633.5 - 65.0%
2) 1649.7 - 25.0%
3) 1723.75 - 9.998%
Stop-loss Orders:
1) 1574.55 - 100.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
Etherium is a successful exit from accumulation.At the moment sales are not visible, we move to the local targets. Correction is possible.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
In this idea this movement was predicted.
ETH looking for longHello fellow traders!
Today I'm looking to long ETH @ 1558.5 on the smaller timeframes as we had a strong buying pressure hitting 1hr support. I'm looking to target levels of 1670-1680 as there is supply zone there on the 4hr chart. Entry and stop loss decisions are made on 5min timeframe as I see volume coming in from the levels I wish to enter.