AT CryptoScan: ETHUSD limited downsideEthereum weekly chart has bearish candletick patterns and is likely to break down below the 55EMA in the coming weeks. It appears to be better supported than Bitcoin based on the technicals, but can expect downside.
Daily 55EMA support is lost, broken and failed. Technicals suggest more downside. 2300-2500 appears to be a strong support zone, at the moment.
so... expect some downside in ETHUSD, but hope that the major support at 2300 holds well.
Ether
ETH/USD - Potential 40% SetupHello Traders!
ETH developers are promising a move to the POS mining algorithm after the second quarter of 2022, which could serve as a trigger for the asset's price to rise in the long term.
The local asset started moving within the uptrend. On the market correction, the price tested MA100 on the daily timeframe.
Looking for purchases is reasonable near the current price values of $2950 - $3150
It is worth closing the deal at stop loss in case the price falls below the price mark of $2675.
Target profit taking will be price levels of
$3970
$4167
$4372
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETHUSD Dominant Trendline and MA ContinuationConsider that the dominant trendline hasn't been broken yet
A bullish attempt has already been seen at this Trend Line
Also the wedge that the price has provided us is quite a large range, providing a possibility of a huge price increase, comparable to the one seen in 2021 May
The 200MA wouldn't have to curve much to begin to rise again
A great long entry point
Ethereum to Continue DowntrendEthereum
Intraday - We look to Sell a break of 3058 (stop at 3101)
Daily signals are mildly bearish. A break of the recent low at 3060 should result in a further move lower. There is no clear indication that the downward move is coming to an end. Short term MACD has turned negative.
Our profit targets will be 2951 and 2901
Resistance: 3120 / 3150 / 3200
Support: 3060 / 3000 / 2950
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 LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ETH as we are rejecting an important area of ,,support,, bullish orderblock area on H4 + institutional figure 3000$ price takes out liquidity below it and quickly reverse to the upside. If we will see there a bullish closure above we will go higher. A lot of bearish imbalances also left on the bearish move that should be closed ASAP.
GREED/INDEX Indicator tells us that today crypto market is in a extreme fear market sentiment meaning there is a good buying opportunity.
Stock Market wants go up from a FUNDAMENTAL / TECHNICAL perspective. We have a positive correlation between stocks/crypto and this is another reason why we will go up from there.
What do you think ? Comment below..
ETHEREUM LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ETHEREUM as price rejected an important area of ,,support,, if you will that's the bullish orderblock area on the H4 3160. Price also taked out the sell side liquidity aka buy stop losses below the old low. The reason i am not bearish right now on ETH is that price has A LOT OF bearish imbalances on the H1/H4 timeframe and i don't think we will go lower without filling those price ineffiecieny. First targest for the LONG order would be somewhere around buy side liquidity old high liquidity pool 3300$ price area.
FEAR/GREED Index on the CRYPTO market says we are in FEAR now, meaning there is a good buying opportunity.
What do you think ? Comment below...
multi-country banned from Gate.io exchange With all of the countries now banned from the gate.io platform i can only assume this will disrupt the market as many will have to close positions on future derivatives, margine, and spot , as instructed to remove funds from the exchange. Anyone in the restricted countries will have there account terminated by the end of april if they do not confirm KYC in time.
If this does have such an impact, it would be a perfect catalyst to drive price down to these nearby missed pivot points around 3k and possibly lower, considering the way the market reacted to the binance restrictions in US.
ETH : What I Think About itETHEREUM what is next
Based on the chart the price has broken the trend line and the support zone $3400 ~ $3500. If the bulls able to be hold price the support area above i think we will see more gain and pullback to $3500 resistance zone and but if we lose this support area $3100 ~ $3000 we will continue more correction toward next support zone " $2600 ~ $2700 "
What do you think about it ? We lose support ahead or bulls could be hold prices?
Happy trading🌷
Ethereum: Further Losses to Come?Ethereum
Intraday - We look to Sell a break of 3139 (stop at 3201)
Short term momentum is bearish. There is no indication that the selloff is coming to an end. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended today.
Our profit targets will be 2984 and 2924
Resistance: 3300 / 3380 / 3480
Support: 3200 / 3100 / 3000
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.
Economic Bubbles and EMA 100/200Here is an ETH analysis of the current price drop, and based on the Theory of Financial Bubbles can we spot three bubble ish formations in the past years.
The three points in time this analysis sees are the bubbles in 2018 when the price drop followed by a pump to the upside, not as high as the previous high but this was followed by a drastic drop
The market followed the economic bubble theory with a peak which followed by a price drop, by the time the price started to stabilize itself did investors take profit and the price crashed into a panic sell off.
The second point in time this happened was the start of the Covid pandemic which caused the price to follow this same movement to its low.
Now in 2022 can we see this similar movement where the price has started to drop which will continue downwards and after this initial downtrend will the price pump slightly upwards where investors take profit and after this pump will the price crash. Following the Financial Bubble Theory.
Something we trader also need to take into account which may confirm this analysis is the movement in in EMA 100 which during these three points in time crossed down below the EMA 200.
Entry Price: 3200 USD
Target Price 1: 2500 USD
Target Price 2: 2100 USD
Target Price 3: 1700 USD
When taking this position do we need to focus on the initial drop and when the price pumps upwards do need to take into account for the downwards sloping resistance line, if the price breaks the trend line to the upside is the trend likely to reverse and do a final longer push.
This assumption is less likely to happen, as the general price trend is a take profit zone before the price hits the panic zone and its final drop off.
This is not financial advice.
Ethereum (ETH) highly undervaluedThis chart image shows some historical data for Ethereum since her big breakout a little over a year ago. I have continued to believe that ETH will rise back up to my "Big Yellow Line" (the BYL) , eventually. When you have an overall positive trend within the 4H/daily resolution of a token, it will usually ride through ups and downs, and snap back to the trend eventually.
When a token drops far below that overall +trend --it's usually a very good indicator for anyone who wants a good jump on a long position.
♠️🤫🐿
ETHEREUM - Under Pressure..againETHEREUM has a lot of competition.
Yes it's the most 'stable and safe' they say (🙄 is it? ref: www.theblockcrypto.com )
🤨It probably isn't: ref www.forbes.com
🤫Let's be honest now: I believe that FOR SURE it isn't: ref www.cryptopolitan.com
So anyways, it's the most expensive one..that's a fact, no debate!
Do you still wonder why I don't like it all that much? 🤐
One Love,
the FXPROFESSOR
(low gas fees, high performance analysis)
Ethereum Update 6/4/22A conclusion can be drawn from the RSI that price is in a similar position as it was in 2017 (white circle)
This correlates with the bear market fibonacci circle which shows both periods of growth in the 2.618 fibonacci circle (2.618)
It also correlates with the 50MA, which is present in both scenarios
A big move is coming if the larger trendline drawn is now the dominant one
ETHEREUM SHORTS 📉📉📉📉 Expecting bearish price action on ETH after price takes out buy side liquidity on the H1, this night we had the asian rollover meaning the whales pushed price to take out stops and then quickly reverse. We can clearly see now the price is forming higher lows and lower lows meaning the strucutre is bearish confirmed with bearish bos (break of strucuture)
What do you think ? Comment below..
Ethereum Break Inbound? Ethereum
Intraday - We look to Sell a break of 3447 (stop at 3523)
We are trading at overbought extremes. A higher correction is expected. Bearish divergence can be seen on the 4 hour 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. Trend line support is located at 3460. A break of the recent low at 3450 should result in a further move lower.
Our profit targets will be 3251 and 3201
Resistance: 3520 / 3580 / 3700
Support: 3450 / 3380 / 3280
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.