Ether
Ethereum: Reaction to CPI DataEthereum - Intraday - We look to Sell a break of 2997 (stop at 3081)
Broken out of the channel formation to the downside. Trading close to the psychological 3000 level. 20 4hour EMA is at 3011. Short term momentum is bearish.
Our profit targets will be 2777 and 2711
Resistance: 3200 / 3300 / 3400
Support: 3100 / 3000 / 2900
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.
$ETH critical Area! BEWARE!!!!!!!!!!!$ETH has broken the monthly trendline, so it should make a HL that's the point you must caught the best LONG opportunity. For Now, it is making a CUP & Handle pattern but I usually don't like these kind of patterns because they mostly get failed so the situation I'm thinking about "if the brown line which is daily trendline if that breaks short with 3x-5x and stop loss above the top wick!
1st Scenario (only if you like patterns): CUP & Handle breakout retest - LONG
2nd Scenario (if you are using STEEL STEPS which I prefer the most): Daily trendline break - SHORT with 3x if you dont want to wait for LH. If you can wait for LH short with 5x - 10x
Ethereum Approaching Resistance? Ethereum - Intraday - We look to Sell at 3328 (stop at 3414)
Daily signals are bearish. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a temporary move higher. The previous swing high is located at 3413.
Our profit targets will be 3106 and 3026
Resistance: 3100 / 3200 / 3300
Support: 3000 / 2900 / 2800
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.
ETHUSD - What nowWe broke the downtrend on ETHUSD!!
This one here:
Bitcoin and Ether played well off of each other to break some trends.
*Keep in mind that we have the bullish trend line that we've dealt with two MAJOR pullbacks in the past.
This also happens to correlate with the 3000 mark. So i think it will be interesting.
I could definitely see a pull back into the weekend, but likely not re-entering that downtrend we broke out of.
Nice big blue candle at the moment on the daily. But looks similar to 2021-07 pattern pullback.
If we bust through this, there is a good chance we go to 3400 and possibly 3515 in short-term.
I would love to hear some other ideas and references to others thoughts.
- May the odds be ever in your favour
Inaugural
ETH USD - Bearish trend continuationThe bearish trend has a high potential to continue after the latest rally.
This will be the third time we came back to the .236 retracement from the top
Continuing to follow the down trend both overall and the recent steeper decline
Note: Each of the fib retracements measure from the high to each of the three stops along the way during the downtrend, they all keep popping back up to the .236 retracement and then continuing descent.
The .236 retracement gets larger each time from the top as we descend.
It got some help as well from the 20 day bearish simple moving average at 2800.
Targets 2390, 2200 (for double bottom).
In the event we don't stop at 2200, the greater trend is broken and we are looking at 2000, 1852.... or 1700
- May the odds be ever in your favour
Where do we go from here? TKNFYWETH0.5 fib support
looks primed for a rise
Airdrop token (NFT Peeps)
Up ?!
ETHUSD - Bearish trend continuesThe bearish trend has a high potential to continue after the latest rally.
This will be the third time we came back to the .236 retracement from the top
Continuing to follow the down trend both overall and the recent steeper decline
Note: if you take the fib retracement and measure each of the (potential) bottoms on this downtrend, they all keep popping back up to the .236 retracement and then continuing its descent. Possible we head down to 1850 or even 1700. So the .236 keeps getting larger as this downtrend continues. It followed suit for the 3rd time at 2800 bearish hold.
It got some help from the 20 day moving average as well at 2800.
Targets 2390, 2200 (for double bottom), 2000, 1852.
- May the odds be ever in your favour
More notes:
- the left fib retracement is the start of the bull run - 1700 -> 4860
- the right fib retracement is the top to latest bottom - 4660 -> 2170
a short term long for your long term shortthis one is for the gutty. i am projecting the weekly candle to draw a higher up-wick, before closing around the mid 26xx region. such a close would mark the continuation of the short to 13xx in my aforementioned post(s).
trigger at 239x, triggered limit at 254x
target - 29xx
position at target - full close taking short entry
trade with caution
anything i post is at the very best, just an idea. it is not a suggestion for what you should do with your money, it is an archived entry of what i am doing with mine. any further correlation between our trades; including profit(s) and loss(es), is solely coincidental. my content is not intended to be interpreted as financial advice.
Ethereum Heading Lower? Ethereum - Intraday - We look to Sell at 2698 (stop at 2785)
Daily signals are bearish. Trend line resistance is located at 2700. 2725 has been pivotal. We look for a temporary move higher. Preferred trade is to sell into rallies. Short term momentum is bearish. Prices have reacted from 2815.
Our profit targets will be 2463 and 2383
Resistance: 2700 / 2800 / 2900
Support: 2600 / 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.
ETHUSD 2/3/2022 OutlookCurrently I am still hodling ETH
My view on the left side of this chart shows a double bottom along the 50% line of a used indicator.
I have been watching the chart on the right (monthly) for a little bit now and see a preceding small pullback, which "soon" will be followed with a MASSIVE green candle, just completely disregarding this recent dip buy opportunity.
I see ETH going to at least 8 - 10K, perhaps even further.
DigiByte vs Tether Hits Support | Change Of Trend? 1150%+The late 2020 support/low for DigiByte vs Tether (DGBUSDT) has been hit.
The last time this level was activated DGBUSDT went on a 950%+ bullish run.
This same level is being activated with a higher low in 2022... This opens the potential for massive growth.
Here we can trade easily.
The last low/support can be our stop-loss, a close below this level...
Our Fib. extension numbers can be used as targets if prices go up.
Low risk and very high potential rewards.
This is not financial advice.
Namaste.
ETHEREUM LONGS 📉📉📉📉 From a weekly perspective on a long term basis i am LONG on ETHEREUMS as price is in a bullish market strucutre coming back to fill the w1 imbalance and rejects the bullish orderblock on the same timeframe, if price is not closing bearish below 2000 i will look only for LONGS right into w1 imbalance 3600 or ATH's. We are in EXTREME FEAR right now in the crypto market.
What do you think ? Comment below..