Ethereum dropping lower? Ethereum
Intraday
We look to Sell a break of 1599 (stop at 1651)
Daily signals are mildly bearish. A break of bespoke support at 1600, and the move lower is already underway. A higher correction is expected. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Our profit targets will be 1471 and 1421
Resistance: 1700 / 1780 / 1900
Support: 1600 / 1550 / 1500
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.
Ether
ETH - Resistance Zones and Where to BuyThese channels were accepted by traders, and they are valid, so be aware of these resistance zones. Don't open the long position at the top. Wait until the price makes a weak pullback that shows the rising could be continued; otherwise, don't get FOMO to buy without signs.
The supply zone is entirely valid and is a strong tension zone within the daily time frame.
Ethereum ready to break lower? Ethereum
Intraday
We look to Sell a break of 1349 (stop at 1401)
A break of yesterdays low would confirm bearish momentum. With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals. Daily signals are bearish. Expect trading to remain mixed and volatile.
Our profit targets will be 1231 and 1181
Resistance: 1500 / 1600 / 1700
Support: 1400 / 1350 / 1300
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.
Ethereum - The rally loses momentum quickly Recently, we expressed our lack of belief in the Ethereum price rally. Indeed, when it traded between 1500 and 1600 USD, we stated the price started to appear attractive again for the short position re-entry (accompanied by tight-stop loss).
Since then, Ethereum stalled and dropped approximately 7%. Nevertheless, we continue to be bearish on the pair as we foresee threats from fundamental and technical factors.
Accordingly, we would like to set the price target for ETHUSD at 1000 USD. However, our bias will be invalidated if the price retraces above its recent high at 1 663.53 USD.
Technical analysis - daily time frame
RSI, MACD, and Stochastic turned bearish. DM+ and DM- are due to perform bearish crossover. Overall, the daily time frame is bearish.
Illustration 1.01
We are looking for the bearish retracement below the immediate support level. These developments are structurally similar to BTCUSD. That will further confirm our bearish thesis.
Technical analysis - weekly time frame
The RSI stalls. The Stochastic points to the upside but stays in the lower area. The MACD is neutral. DM+ and DM- are 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 topping? Ethereum
Intraday
We look to Sell a break of 1487 (stop at 1541)
Trading within a Bullish Channel formation. 1488 has been pivotal. Short term momentum is bearish. Trend line support is located at 1500. A break of the recent low at 1497 should result in a further move lower.
Our profit targets will be 1341 and 1301
Resistance: 1550 / 1600 / 1650
Support: 1490 / 1450 / 1400
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.
ETHEREUM -19/07/2022-• Bullish move helps the coin climb 12% in a day
• The rally is being attributed to a successful completion of the 2.0 project soon accompanied by market relief and US dollar pullback
• Successful breakout of minor double top around 1280 highlighted on the chart
• Two major resistance levels await bulls
• First one is the descending trend line dating back from April 2022, today at 1600
• Second is the 1700 major level
• Only until both levels are clearly broken, the major trend starts to turn bullish with next target to the upside at 2170
Levels to watch for buyers: 1600,1700,2170 for the near future
Ethereum Analyze (Short Term)!!!🔨Ethereum was able to make a Symmetrical Triangle. I expect Ethereum to go DOWN at least to the lower line of my triangle.
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.
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ETH Trading PlanETH / USDT
Full month and ETH is trading inside small range between 1000$ and 1280$ In a Zig-Zag pattern
In next few hours we will see new price action :
1- Breakout of resistance:
leading to pump ETH & altcoins market
2- Strong rejection:
Then back to trading inside range again for few couples of days
Best of wishes
Ethereum step-by-step analysisHello everyone. In this analysis, I'd like to review several essential charts regarding Ethereum and discuss its potential future price action.
The first chart is the one above, showing how ETHUSD formed a triple top that has now been broken. We don't know whether this is a proper SFP and will lead to lower prices; however, we need to be aware that it could. The market currently looks pretty strong, but the double bottom at 1000$ will most likely be broken at some point.
Based on the main chart and the gaps above, there are several targets for ETH to test eventually. The area from 1300$ to 1500$ is considered resistance, with the most apparent target being 1425$. Personally prefer key breakdown levels that haven't been retested, as they usually end up being retested at some point and tend to act either as support or resistance. Gaps are also fascinating and can be seen as little magnets that tend to pull the price towards them, as they also tend to get filled at some point. On this occasion, I can see the first colossal gap being partially filled and then the price falling, with the gap at 2670 being the ultimate target in case the bottom is in or in case we get a massive bear market rally.
Ethereum put in a very interesting bottom, as it swept the Jan 2021 lows and bounced at the 300 Weekly Moving average. The combination of the two is more than enough for the market to rally significantly. This was the first time it hit the 300 WMA, while Bitcoin has only touched it once during the March 2020 crash bottom. The market is currently chopping around the 200 WMA and somewhat looks like it is in accumulation mode. However, I don't believe the final bottom is in, and this is just a dead cat bounce. Now the question is how big the bounce will be, and the truth is that I have no idea. Something else worth noting is that ETH swept the Jan 2021 low when CME was closed, and the price tends to trade again at levels that it traded at when CME was closed. On CME, a triple bottom / pure double bottom has formed, something that is relatively bearish as the price could eventually break it.
It looks like the market has no real support down to 430$, and the solid support starts from 250$ and goes up to 430$. As you can see on the chart above, 1420$ also happens to be the Jan 2017 ATH and the weekly close before the parabolic rally in Q1-Q2 2021.
Based on this last chart, believing that the bottom is in, given how oversold the market got, makes a lot of sense. Essentially we got as oversold as we did back at the bottom of the 2018 bear market, after 11 straight red candles, with the Tom Demark indicator bottoming on a TD 9, an A13, and S13. Therefore it is no surprise that the market is bouncing here. Usually, after such a perfect combination of oversold signals, the price tends to go up or sideways for 1-4 candles; this time, it could do that for longer.
For a very long time, I expected ETHBTC to retest 0.052, and it finally did so. Initially, it dipped slightly lower but quickly closed above it and has now even reclaimed the May-July 2021 lows. I can easily see this ratio going up to 0.066 to retest the critical breakdown zone and the Yearly Pivot. Afterward, I expect it to trade lower and head towards 0.04 and the original long-term trend.
0.04 could be seen as the neckline of a massive inverse head and shoulders pattern that broke to the upside in 2021, and the 200 WMA is right into that critical zone; therefore, a retest would make a lot of sense. At the moment, ETHBTC's trend is relatively neutral, and someone could claim that the range that started forming in May 2021 is bullish; however, I believe that it was more like distribution rather than re-accumulation. Ethereum's fundamentals are solid, yet this doesn't change the fact that it could head lower vs. BTC either because the market dumps hard or there is a catalyst that takes BTC higher.
ETH measured move = DoomPut your tinfoil hats on for this one folks.
I felt compelled to post this (yes, my first on TV) after running across this.
Ethereum is currently in another bear flag, as is BTC.
If we consider a measured move from the last pattern we can see that it would end up at around $200. Now granted that's a pretty horrific move from here.
The sheer coincidence is when I put that into a log scale. Seeing this line up with the lower trendline gave me shivers.
We know that the crypto market is in turmoil right now with the 3AC, Voyager, Luna debacles etc.. And then there is the global macro on top of that. So anything is possible, as is the usual saying anyways with crypto.
What do you think about this?
Ethereum Sell into the resistance.Ethereum - Intraday - We look to Sell at 1259 (stop at 1311)
Daily signals are bearish.
A lower correction is expected.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
1281 has been pivotal.
1275 has been pivotal.
The trend of lower highs is located at 1269.
Our profit targets will be 1135 and 1105
Resistance: 1280 / 1400 / 1500
Support: 1200 / 1150 / 1100
Ethereum heading to key supportEthereum
Intraday
We look to Buy at 1016 (stop at 984)
Levels below 1000 continue to attract buyers. We look to buy dips. 1013 has been pivotal. 996 has been pivotal. Bespoke support is located at 1000.
Our profit targets will be 1098 and 1128
Resistance: 1100 / 1180 / 1300
Support: 1050 / 1000 / 950
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.
Ethereum: heading back down!Ethereum
Intraday
We look to Sell at 1175 (stop at 1211)
Expect trading to remain mixed and volatile. 20 4hour EMA is at 1175. Short term bias has turned negative. We look for a temporary move higher. 1193 has been pivotal.
Our profit targets will be 1086 and 1066
Resistance: 1150 / 1200 / 1280
Support: 1100 / 1050 / 1000
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.