Ethereum Consolidates Near $2,800An immediate resistance on the upside is near the $2,800 level. The first major resistance is near the $2,830 level. Ether price must clear the $2,800 and $2,830 resistance levels to start another increase. In the stated case, the price may perhaps rise towards the $2,880 level. Any more gains might call for a move towards the main $3,000 resistance zone in the coming sessions.
Ether
Ethereum at Trend Line Resistance? Ethereum - Intraday - We look to Sell at 2838 (stop at 2901)
Daily signals are bearish. 50 1day EMA is at 2820. Prices expected to stall near trend line resistance. Reverse trend line resistance can be seen at 2840. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 2686 and 2616
Resistance: 2880 / 3000 / 3050
Support: 2740 / 2700 / 2600
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 IS CLOSE TO THE RESISTANCE.Welcome members to this update on ETH.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
ETH rallied as expected and the current price is close to the resistance level. This is the same trendline that ETH failed to breakthrough thrice. Will it be different this time? Well, before jumping to a conclusion let us analyze this chart.
In this 6 hours chart, ETH is in the symmetrical triangle pattern, and usually, in this type of pattern, the breakout direction is not fixed. It could break in either direction. If you pay close attention to this chart then you will observe that both the trendline are getting closer which means we are reaching the edge of this triangle pattern.
According to my analysis, I believe that ETH should show a retest from this level, pull back towards the $2.4k range, and then bounce back. The reason why I am considering this move is that ETH is already at the upper trendline, and RSI is in the overbought zone.
Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible.
I will cover more on this in the coming days until then stay safe and trade well.
Thank you.
Ethereum Sell a Break Setup.Ethereum - Intraday - We look to Sell a break of 2568 (stop at 2641)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
2570 has been pivotal.
A break of the recent low at 2574 should result in a further move lower.
Bearish divergence is expected to cap gains.
Our profit targets will be 2381 and 2321
Resistance: 2750 / 2815 / 2900
Support: 2570 / 2500 / 2400
ETH Sell the trend of lower highs.Ethereum - Intraday - We look to Sell at 2928 (stop at 3001)
Daily signals are bearish.
Trend line resistance is located at 2928.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 2751 and 2671
Resistance: 2820 / 2950 / 3050
Support: 2700 / 2600 / 2500
Ethereum: Intraday Trend Line SupportEthereum - Intraday - We look to Buy at 2502 (stop at 2434)
The trend of higher lows is located at 2480. 2501 has been pivotal. The previous swing low is located at 2444. We look to buy dips.
Our profit targets will be 2676 and 2736
Resistance: 2680 / 2800 / 2900
Support: 2550 / 2500 / 2400
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.
ETH - Daily Signals are BearishEthereum - Intraday - We look to Sell a break of 2479 (stop at 2551)
Daily signals are bearish. A break of the recent low at 2484 should result in a further move lower. Bespoke support is located at 2500. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 2311 and 2261
Resistance: 2680 / 2800 / 2900
Support: 2500 / 2400 / 2300
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.
ETH TA 6 MARCH 2022ETH is currently trading at some resistance level 2642. ETH is still looking bearish just like BTC and I expect it to go down to 2400 level in the coming week. For trading on this movement pay close attention to BTC price as ETH will follow the price of bitcoin. Always use proper risk management and trade at support and resistance levels, don't trade inbetween support and resistance levels.
ETHUSD Alternate Bear ViewPerhaps I have been looking at ETHUSD wrong so far, and have been dismissing the bear calls. We may have already seen the top. As suggested by this chart.
Similarities on the MACD can be correlated to points in ETHUSD's history
The last time we saw a sharp dive on the MACD like this was at the end of the last bull run
Bears will control the market if the MACD fails to make a successful bull cross on this weekly timeframe
A bull view
ETHUSD Critical AreaETHUSD Is at a critical price point, this has been seen as a line of support using this indicator in the past
If it repeats and bounces off bullishly, we will be seeing some big moves coming up
The MACD shows similar inverse H&S structures, in the rectangles are the seen and expected move for the MACD's future.
ETHUSD Backwards Falling WedgeEthereum can be seen to be forming a large wedge structure, in which looked at in a reverse fashion a sharp breakout can be seen upon the ending of the 'falling wedge'
This breakout was a 134% increase from its bottom
This bottom is a crucial point in the evolution in price, providing the first bottom for the double bottom structure
I say price must be higher for this backwards falling wedge to exist because a falling wedge like this would only occur if price was in a descending fashion (when looked at backwards)
There is still room for ETHUSD to go way higher
Check out my God Candle idea above
Ethereum God Candle March An idea for ETHUSD , with the previous extension to 4K and then retrace, this creates a massive zone for price to rise
The current March candle is positioned perfectly above the support level (dotted line)
I have reason to believe we will see a big run, for both Bitcoin and Ethereum . This isn't the end of the run.
Ethereum Break Ahead?Ethereum - Intraday - We look to Buy a break of 3051 (stop at 2978)
Trend line resistance is located at 3000. Trading close to the psychological 3000 level. A break of the recent high at 3050 should result in a further move higher. Short term momentum is bullish.
Our profit targets will be 3248 and 3298
Resistance: 3000 / 3050 / 3200
Support: 2880 / 2830 / 2750
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.
ETH is bullish!ETH/USDT
1W/2D Charts
ETH also formed a high volume bottom after tapping into weekly demand and a supply to demand flip zone on the daily with nice pin bar rejection wicks on both the initial tap and on the formation of the HL the has changed the market dynamics and structure to bullish. Looking for price to put in a new HH to confirm it further for confluence but overall it looks solid here.
Weekly and daily supply level and the high failed to take out the low so therefore the high becomes targeted with the expectation of a new HH.
Weekly still in bullish swing formation with a HH and HL swing points as price remains in an upwards channel in the lower bounds. From a HTF perspective it can also be said the weekly swing high failed to take out the swing low so the swing high now becomes the target.
RSI breakout with bullish divergence and money flow on market cipher coming back into market with small trigger wave giving long signal. MACD on weekly converging showing signs of strength.
Lots of good indications of bullish momentum coming into the market here and a bottom may have formed.