Ether
ETHEREUM - DEAD CAT BOUNCE OR MANIPULATION EVENT?What if this “dead cat bounce” leads to a macro manipulation event that continues the ongoing uptrend? With the current market conditions, it would be highly likely to face these type of scenarios before recovering.
We could expect the price to bounce off the current levels or near the psychological $3k level. This situation would create a macro OB that would be tested to liquidate lured breakout buyers, gathering liquidity and giving rise to the expected move.
What are your thoughts on this one? Let me know!
ETH 2021 vs ETH 2017 As mentioned in the last idea, ETH was following both the BTC & ETH 2017 fractals.
I was betting on the BTC fractal which would put the cycle top around 20k+.
However, that fractal is broken and ETH continues to follow its 2017 fractal, which puts the cycle top around 13k.
Expecting ETH to go much lower from here.
Cycle top anywhere between December 2021 and February 2022.
Off course it won't follow the fractal perfectly, but for now, the 2017 ETH fractal holds and it shows more downside before anything else.
Would not want to hold any ALTS in this period either.
If we continue to follow 2017, BTC Will take over the lead and ALTS will lag behind for a while.
ETH 1D What is more real: a growth of $6400 or a fall of $1100?A month has passed since the publication of the previous global idea for ETH
Then we recommended covering longs in the region of $3000-3300
The price twice tried to enter this zone, first it was $2910, then $2891, and then a strong drain again into the current liquidity zone.
Now it seems like another wave of growth in the ETHUSDT pair is being prepared , but there are several conditions, let's list them:
1) The price should consolidate above the liquid zone of $2,150, and then above $3,000
2) Only after the ETHUSD price confidently breaks through the $3550 mark will the path open for updating the maximum, possibly even up to $6400 for Ethereum.
3) If the price of ETHUSDT now begins to consolidate below $1700 or later below $3000, this will be a notification that buyers are weak, and it is better to leave the longs, because the price may fall into the lower liquid zone of $1100-1400
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Expected Rally in ETHXBT Towards 0.0795Trend Analysis
The main view of this trade idea is on the 15-Min Chart. The crypto cross Ethereum/Bitcoin (ETHXBT) has been in a symmetrical triangle setup over the last couple of days, with the security recently breaking above the resistance line. This break higher is expected to continue with ETHXBT rallying towards 0.0795. This target was derived from taking the length between the top of the resistance line and the bottom of the support trend line.
Technical Indicators
This bullish sentiment is supported by the fact that ETHXBT is currently trading above its short (50-SMA) and long (200-SMA) moving averages. Also the Awesome Oscillator (AO) is positive and bullish. A close below the 200-SMA would as well as the AO trading below 0 will negate the bullishness of this note.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 0.074 price level with a target of 0.0795. This produces a risk reward ratio of 1.52.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
ETHEREUM - MOMENTS BEFORE DISASTER ‼️Reversal sellers are getting squeezed by retail trend following activity. We may face a breakout in the coming days, that will lure more retail sellers into the market just to liquidate them above the $4k psychological level and perform our desired movement.
It’s important to have in mind that ETH is overvalued against Bitcoin in the short term. If Bitcoin doesn’t make a new movement alone (without inducing purchases in the overall market), our bias will be reinforced. Ethereum is not prepared yet to have such market dominance.
UNI primeUNI is prime for a move up, 4 h and daily timeframe starting to look oversold. Local HnS formed. Waiting for the breakout of the HnS and the descending wedge.
The most interesting part of UNI price action is the volume of the last few bars. The volume was extremely high which suggest sellers are locally exhausted, they tried to push the prices lower without succeeding creating an imbalance of supply and demand.
I am expecting higher prices with the targets highlighted in the chart.
Also, this high volume is on strong support, which reinforces its strength and the bullishness of the signs.
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ETH explosionAre you ready for ETH? 3,2,1...
Not much to explain here. Volume expanding close to the resistance. 3800 next stop. It has been ranging in a rectangle for a month-ish, I was waiting for this. Watch the altcoins guys as we are going to have some good movers.
Remember to look at BTC, as it can drag things down so be careful, use stop losses.
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$ETH vs $BTCPublished this way back around 1400$ on twitter, but ETH is still following the BTC 2017 fractal.
Off course the moves won't be the exact same, especially with black swan events like COVID, but I tried to illustrate this as simple as possible.
What I'm expecting next:
- 6k in September
- 4k retest in October
- 10k in November
- 20k+ in February at the end of the bull market
The numbers are a very vague estimate, but I believe ETH will continue to surprise everyone and simply follow 2017 BTC's path.
FA checks out as well, but ETH staking/burning rising on a daily basis, NFT market booming, Metaverse on the up and coming.
When ETH 2.0 is released fully, and everyone will get to dump their staked ETH, is when I expect ETH to crash hard. (this should be in Q1/Q2 2022 ethereum.org).
ETH/USD $5,000 Price TargetAfter the local high in May was formed at $4,300 , ETH came crashing all the way down to $1,700 - $2,000 to where it formed a double bottom pattern signaling a trend reversal. From this point, ETH did not stop gaining for 13 days, which made me a little suspicious that we we're going to dump leading into the EIP-1559 on August 5th. However, it broke out of the downtrend and now we are going to make higher highs.
Looking at the daily time frame of Ethereum we can see that the resistance at $3,800 turned support and we bounced off of there and just underneath $4,000 overnight. $4,000 is the next level which is the key psychological level we need to break in order to keep moving up. After that, there isn't too much resistance between $4,000 - $5,000 and that will happen faster than the gain from $3,000 - $4,000.
My next take profit 🎯 levels are:
TP1 🎯 $4161
TP2 🎯 $4339
TP3 🎯 $4933 (3.618 Fib)