ETH, false breakout as a good buying opportunity!ETH broke the trend line yesterday, but it was a bullish trap. After that, the price fell 14%. That's quite a big drop. During the fall there was volume at the bottom. This volume stopped the fall. An important key level is marked below. In case of a false breakout, there could be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
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Ether
ETH/USD EVERYTHING MARKED DOWN, EVERYTHING MUST GO! Bag Time^My 'hardwood area" price range is where I approximate the bulk of the institutional support to be for my precious falling ETH....It is looking like if the trigger is to be pulled, we may be coming up on the time to get in the proper stance and take aim. I would hate to see Ethereum fall through that beautiful wooden floor, but I think if we get there then there may be one more support area just above $1200?!?! Am I really talking about $1200 in a thread analyzing Ethereum in January 2022?! Well my friends...let the test for the leader in stable blockchains begin. Will you pioneer this young but potentially groundbreaking change in the worlds financial system as one of the leading blockchains? Or am I looking at a smaller, much quicker AOL (to compare it to it's lucrative predecessor, the dot com bubble). Will other blockchains like Cardano, Solana or Fantom gain traction, combine low energy and the scalability that Polygon offers #BUYMATIC to surpass the original bloackchain king? I guess I just typed out the question that is on everyone's minds anyway huh? Well I hope there are some expert traders out there that want to take a young trader (been trading for about a year) under their wing, or just offer some feedback on my approx future price movement guess for the next 3 months or so....Thank you guys, and I appreciate all the help that anyone can give. I have never tried to absorb so much information in my life, so there is a very good chance I may be missing several things...best of luck trading guys, let's get some of all of this money, huh?!?!
$ETHUSDEthereum Coin Price & Market Data
Ethereum price today is $2,460.16 with a 24-hour trading volume of $27,390,529,371. ETH price is down -5.7% in the last 24 hours. It has a circulating supply of 120 Million ETH coins and a total supply of ∞. If you are looking to buy or sell Ethereum, FTX.US is currently the most active exchange.
What is Ethereum?
Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes token, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.
What is a Smart Contract?
A smart contract is a programmable contract that allows two counterparties to set conditions of a transaction without needing to trust another third party for the execution.
For example, if Alice wants to set up a trust fund to pay Bob $100 at the start of each month for the next 12 months, she can program a smart contract to:
Check the current date
At the start of each month, send Bob $100 automatically
Repeat until the fund in the smart contract is exhausted
Using a smart contract, Alice has bypassed the need to have a trusted third-party intermediary (lawyers, escrow agents etc) to send the trust fund to Bob and made the process transparent to all involved parties.
Smart contracts work on the “if this, then that” principle. Whenever a certain condition is fulfilled, the smart contract will carry out the operation as programmed.
What are the programming languages that are used to write smart contracts on Ethereum?
There are two popular programming languages that are typically used to write Ethereum smart contracts. The first one is called Solidity which has very close similarities to Javascript and C++. The other language is called Vyper which is relatively new that has very close similarities to Python.
Who created Ethereum?
Unlike bitcoin in which the creator who is known as Satoshi Nakamoto is unknown. The founding team of Ethereum are known individuals which includes Vitalik Buterin, Mihai Alisie, Anthony Di lorio, Charles Hoskinson, Amir Chetrit, Joseph Lubin, Gavin Wood, and Jeffrey Wilke. Not all the founding members are still with the Ethereum Foundation, as some has moved on to work on other projects. For example, Charles Hoskinson has moved on to work on Cardano, while Gavin Wood has moved on to work on Polkadot.
What is Ether?
While Ethereum refers to the blockchain network. The native currency that flows within the Ethereum economy is called Ether (ETH). Ether is typically used to pay for transaction fees called Gas, and it is the base currency of the network.
What is Gas?
On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in ETH.
The price of gas can fluctuate from time to time depending on the network demand. If there are more people interacting on the Ethereum blockchain such as transacting in ETH or executing a smart contract operation, due to the limited amount of computing resources on the network, Gas price can increase. Conversely when the network is under utilized, the market price of gas would decrease.
What options are there to store Ether and ERC-20 tokens?
The 3 most popular Ethereum based wallets are Metamask, MyEtherWallet, and MyCrypto. However there are many other options available as well such as Argent, Trust Wallet, and Coinbase Wallet.
I heard that a new version is launching called Ethereum 2.0. What is that about?
Ethereum 2.0 is an upgrade that aims to solve the blockchain trilemma - security, scalability, and decentralization. In alternative smart contract platforms, they are designed to be highly scalable but compromises on decentralization. Whereas a highly secured and decentralized blockchain network would have the trade off being highly unscalable. Ethereum 2.0 brings a very different flavor of design that aims to addresses those issues by way of using Proof-of-Stake (POS), Beacon Chain, Sharding, and Execution Environment. Due to the complexity of the project, the developement will take place in 3 phases. A Proof-of-Stake Beacon Chain have been deployed and users are staking their ETH as a sign of confidence of the upcoming network. Research and development are still in progress to roll out the remaining phases.
ETH /USDT (Interval 1D)ETH broke out from rounding top pattern on a daily chart, I have marked the target of rounding top pattern which is $1248. This pattern can possibly play out with a flash wick down to this level. Another interesting thing to notice is that soon we will see death cross, Last death cross on ETH happened on Sept 2019 which lasted for over 4 months. ETH is barley holding $2480 support and as we all know supports turn to resistances in bearish trend so less likely ETH will hold. If you want to buy eth, Place ladder down buy orders to accumulate.
Ethereum (ETHUSDT) | good area to climb📍Hello traders, Ethereum in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the count we had for this currency, the 1st, 2nd and 3rd major waves are over, and we called it the 4th main wave, considering that the trend was not formed in the direction of the 3rd major wave.
We compared wave 4 in previous analyzes with wave 2 and said that this wave would be shallow and shorter in terms of time than wave 2, which was deep and long.
But due to the recent descent of wave 5 of the c-wave zigzag, it changed the notion that wave 4 would be shallow, as well as the structure we had for the wave.
Our idea now is that wave 4 is formed in the form of a zigzag that is almost complete or in the form of a flat that the c wave will be shorter than the other waves.
Generally:
We considered the descent to target 1.618 for the c-wave of the zigzag we identified in the analysis to be far-fetched, and expected at least half of this descent to be corrected.
And now we have a sideways trend that we will determine in the next analysis. This trend is an introduction to another decline to Fibonacci 0.618 for wave 4 compared to wave 3 or an introduction to ascent, which according to our calculations is more likely to ascend.
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ETH Sell the downtrend.Ethereum - Intraday - We look to Sell at 3333 (stop at 3395)
Daily signals are bearish.
The trend of lower highs is located at 3340.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 3163 and 3103
Resistance: 3200 / 3300 / 3400
Support: 3100 / 3000 / 2926
QTUM Daily TA : 01.15.22 : $QTUMAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 15.Jan.22
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ETHEREUM IN IRREGULAR CORRECTION - Head and Shoulders formation?Looks like we are in Wave 4 of the 5 wave series for Ethereum A-B-C irregular correction
Macro-level
In a complex A-B-C correction
W(A) is a 3 wave (orange)
W(B) is a 3 wave structure and usually ends above W3 (purple)
Wave(C) is a 5 wave and drastically drops to the start of W(B) or a little lower
If we are in the downward cycle with the changes in the FED and other markers we might see this in an irregular correction to extend for some time.
Micro-level
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1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C)
2) we might see W(2) in W(C) go back up to 3985 mark
3) We see the right shoulder forming now with subwave w(2) and w(3) in wave (C)
Please comment and appreciate your feedback
ETH the prince is fallingHello Everyone.
In this chart, I plotted what I expect to happen next for Ethereum. Although some were expecting ETH to outperform BTC, the reality is that alts are often topping after BTC, so it was following a similar pattern to the king. There was a fake-out at the All-time high, signalling the reverse trend. From there, ETH has formed the first primary wave of wave C. I expect this Flat correction to end around the end of March, with eth going to 1650. There is a very small chance we may even see 1400 if the wave turned out to be more violent. This won't happen in a straight line. There will be a relief bounce around 2200 which will likely push eth back to 2700. After that, ETH will then head to 1650.
Although I tried to be as accurate as possible as the price chart update in the future, I will be more precise. However, I am pretty fund that we will see 1650 by the end of March.
This Hypothesis will be invalidated if ETH manages to break back above 4000.
Nevertheless, you can also appreciate that this idea agrees with the Elliott wave channel that I have drawn (thick black lines).
The good news is that after this painful correction, I expect Ethereum to top out at 20k, which has always been my final target. The timeline has only been delayed.
FAs always, make sure you use the proper risk management and place your stop losses. In the market is not essential to be right but to make money and preserve your capital in case you are wrong.
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ETHGBP D1 - Short SetupETHGBP D1
Again, another setup taken from last week, higher timeframe daily candles take a little longer to unfold, obviously. However, new week, it's important to highlight the full watchlist from the start and follow through what unfolds as expected!
More aggressive selling pressure on ETH as compared to BTC. Hopefully we see a bounce from £2300 up towards maybe £2500, before then selling off and breaking £2300 support with the potential to head down towards that £2000 region.
ETHUSD Heading Towards $3,242 SupportQuick update from my previous idea earlier this week, looking at the daily time frame of Ethereum and zooming out a bit from the 4-hour, we can see Ethereum has lost its support at the $3,500-$3,600 area and is now trading along support at the $3,431 level.
From here, i’m expecting Ethereum to follow Bitcoin’s movements, however, base case am expecting for Ethereum to retest the $3,242 level as well as the $3,162 level as its consolidating around the $3,242 - $3,431 accumulation area. Ethereum has lost its longer term uptrend and is trading below this downtrend, however, it isn’t something to worry about and will regain as the markets pick back up.
With the frothy stock market and looming price of Bitcoin, there could be possibilities for Ethereum to drop below $3,000 on a scam wick. Ethereum’s equivalent to Bitcoin’s 1.618 Fib level is placed at $2,709 and if the market makers are feeling good, we could see a scam wick down to that price. This is very off-chance and am expecting a $3,162 potential great target for Ethereum to bounce off of. This move also depends very heavily on the price of Bitcoin and I will continue to keep all of you updated.
As always please do your own research, this does not constitute as financial advice.
Ethereum (ETHUSDT) | good area to climb📍Hello traders, Ethereum in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the number of waves we had, the main waves 1 and 2 are certainly over, and in the case of wave 3, I must say that it is complete in our opinion.
Let's look at wave 4:
We see wave 4 starting, because wave 3 is in a good position compared to wave 1, and also the price has broken the orange trend line downwards, giving us confirmation for the start of wave 4.
Structurally, wave 4 will not have much depth compared to wave 2, and in terms of time it is too long or too short.
For this reason, we consider the correction of a triangle and from this correction a wave is being formed.
From wave a, we assume that the microwaves a and b are completed and we are now inside wave c, and when the range 3750 is broken down, we will be sure of the beginning of this wave, and we will consider its target as the motion of wave a.
This move took place and the descent formed and now we are waiting for the ascent for wave b.
But if the Fibonacci 0.38 is broken downwards, the movement will continue until the Fibonacci 0.50, which is abnormal in our opinion.
So we give the probability of climbing from this discomfort to around 3900.
Our view is that if the warning range (4500) is broken, the field is analyzed and these waves are part of the 3 main wave.
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