ETH $2000 or $1400 First?As you can see ETH has formed a new trend. If we break above the resistance we will test the psychological level of $2,000. If we fall down to the bottom of the trend wait for confirmation of a continuation upwards before buying. If we were to break down from this trend be very cautious.
Ethereum-bitcoin
Ethereum will out perform BitcoinHello Traders,
It is clear based off the ETH/BTC pair that Ethereum will be outpacing Bitcoin by 60%. What this mean is that being in Ethereum on the immediate short term is a lot more beneficial than Bitcoin. We broke a clear resistance level and therefore it is now a strong support level. The next resistance is 60% from the break of previous resistance.
Let me know what you think.
$SOAR SOAR.FI undervalued GEM! ( @SOAR_FI )Hello there ladies and gentlemen, BulloTaurus here with another interesting and undervalued project for today .
I have posted about $SOAR a while ago when it released , it looked very promising and it already increased hundreds of %.
DeFi is definitely a profitable, and you should really consider those new projects into your trading rithual.
To be honest,it is very hard to find real and trustful tokens to invest in, but i finally found a project. i've been looking for long time.
Such quality projects you find 1 in 1 million. I am talking about $SOAR
About $SOAR
-SOAR is an ERC-20 with a frictionless yield generator mechanism that applies a 1% fee on every transfer and instantly distributes the fee among holders.
- There is no inflation in SOAR.
- Supply is capped at 10M
- There is no mint function
Tokenomics & Distribution
Total Supply: 10M
Airdropped: 4M
Added to Liquidity: 4M
Product Development & Marketing: 2M
- No Presale
- No Marketing (yet)
- 20k$ worth of Eth added to liquidity by Team
- Stealth launched
- Liq locked for 6+ months
- Market cap is still only $400k+
- Concept of idea seems fairly unique and not just another clone of something.
- Free Airdrop worth $2k+
We have all signs that we can see more explosive momentum based on today's analysis. The team is also very active and is constantly building and project is flashing daily in my Twitter feed .
This project is still early and worth investing from my point of view.
Risk: 7
Reward:10
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
Are You Not Ether-tained?It was just a matter of time before Ethereum could shine again.
With Bitcoin cooling off, that was the perfect scenario for Altcoins and Ethereum to run.
In January, Bitcoin has mostly traded on the downside, while Ethereum has quietly but steadily outperformed. When many DeFi-related coins double or triple in price in a matter of days, Ethereum meager 60% increase over a year may look like a weak performance. But what should be noted, more than the scale, is the consistency. Probably a key factor is a growing demand for Ether, which is facing a shrinking available supply.
DeFi protocols are booming. On the one hand, investors need Ether to cover the transaction fees, which are becoming increasingly expensive due to the network’s congestion. On the other, more Ether are either locked in smart-contract, farming yield, providing liquidity, or supporting the Ethereum 2.0 network’s development.
Bitcoin stopped at the resistance, and Ethereum rebounding on the support could buy a bit more time for the Alt-party.
But gradually take some profit on the way up, as the music can stop at any time when Bitcoin takes centre stage again.
ETHUSD: Bullish BreakoutHello Traders,
It is clear that Ethereum have broken major resistance and will be headed higher. The best thing to do is always wait for a retest of new support to enter a trade. There are two targets for this trade setup. As we have experienced, whenever a crypto assets break their previous all time high, they double in price; BTC, DOT, LINK, UNI, etc. It is highly possible that $2800 is where we will go at the minimum before slowing down.
Let me know what you think.
OXT looks juicy In this kind of setup the pumpamentals are high enough
Rsi is on oversold levels
Pattern making a bull Flag
Needs a breakout
Tried breaking 2 times but retraced
Fundamentally
one of the least market cap on Coinbase
The Recent events pushing for Internet privacy could be a +ve sign for OXT
their vitrual confrence priv8 on march 6 also could be a big blow
Signal
Laddering buys around 0.35-0.36
S/L at 0.28
Tps at 0.42 0.48 0.51 0.77
0.48 to 0.51 i am expecting atleast
will be taking a position of $2000 here and HODL for sometime
Polkadot is Worth Taking a PositionPolkadot has proven itself as a serious contender crypto, moving up to just behind Ethereum to be the 3rd largest crypto (ignoring Tether and Ripple which IMO aren't real cryptos). It's had two huge moves up since December and is now in a sideways flat top consolidation. There's a good chance for a flat top breakout and another move up soon. Even though it's now the 3rd largest crypto it's still quite small at $15B market cap compared to Ethereum at $156B and Bitcoin at $636B. There's a lot of upside potential. It's certainly worth me putting a small position into the crypto to see where it goes.
I bought Polkadot on Kraken which is an exchange that provides staking*. So while I'm waiting for the breakout, I simply selected my position to be "staked" and immediately I'm getting a 12% annual return (paid out in Polkadot twice a week). Try to find that sort of return at your bank or broker. Ethereum can also be staked but it's a functionality in development and has some restrictions. If you were unaware of staking, you should look beyond Bitcoin into some of the newer things happening in crypto today.
I'm not an investment advisor and this is not investment advice. It's just a description of what I'm doing and my thoughts.
----
*Staking is using your crypto to help secure the Polkadot blockchain and validate transactions on the network. In return you get paid in Polkadot. It is related to bitcoin mining on bitcoin, but rather than requiring a lot of specialized mining computers and expertise, anyone can participate.
What will ETHEREUM do NEXT?!I got stopped out of my last trade as mentioned in my latest video coming out today. We appear now to be in an ascending channel and MANY retail investors have jumped in but like I said this could easily crash and take out retail trader stop losses below those latest swing lows. I am not buying here, I am waiting lower for a longer term positional buy because also I still believe we will drop from these resistance areas over the next couple of weeks. For now I prefer to stay out :)
ETH and BTC as a twin asset: Metcalfe's LawAs a network, Metcalfe's law is one way to value $ETH and BTC reasonably well.
Normalizing the price to a zero and 100 percent level is a powerful way to estimate the next price movement.
I put 0 at the lowest and 100 at 2017-2018 all-time high level and extend the Fibonacci lines.
The estimation is ETH at $4200 in the next 4-5 weeks following what bitcoin did.
CountOnCrypto - Ethereum Forecast - 01/02/2021COINBASE:ETHUSD has been performing well in the past week, it has seen a lot of battles due to the extreme volatility of COINBASE:BTCUSD .
As shown on the xRSI_KDJ_SMA indicator, Ethereum appears to be bottoming out, I believe this is a good opportunity to long a retest of the upper resistance.
I will be taking profits between now and the upper resistance line adjacent to the .786 Fibonacci retracement level.
If you trade this please use risk management, I always manage risk with a stop loss or low margin, study the market before you enter any trades or risk your money. I never claim to be 100% accurate, the market can often change direction unexpectedly! My trading strategy accounts for unforeseen circumstances due to my experience and knowledge.
ETHEREUM - Detailed Road Map!Ethereum is overall bullish trading inside the orange channel so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendlines. WHAT NEXT?
SHORT-TERM Road Map:
ETH is now trading above our orange trendlines and below the ATH.
1- First, as mentioned, we will be looking for short-term buy setups around the lower orange trendlines.
2- Then, as ETH approaches our upper blue zone (ATH) we will be looking for short-term sell setups on lower timeframes.
LONG-TERM Road Map:
We have two possible scenarios here.
1- Full Reversal, and yes it is possible since ETH is sitting around its ATH, however, for the reveal to be confirmed, ETH has to break not only the lower orange trendlines downward but also the last swing low as shown in gray area. (projection in red)
2- Trend-Continuation, which we are all waiting for, for the bulls to take full control again, ETH has to break aggressively above the blue zone (ATH), in this case, we will be looking for trend-following buy setups on its retest, around the upper orange circle (purple projection)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Deconstructing Charts: BITCOIN and ETHEREUM, Ying Yang!!!Hello Trading View Community,
Thank you guys for checking out this idea on BTCUSD . If you find this analysis useful, support us with a simple "Like" or "Follow".
Post your comment, ideas, or questions and check some of our other ideas on BITCOIN below.
Trade carefully and remember these are just ideas, not trading advise.
Ethereum: Time Is Running OutIt's make or break on Ethereum. The structure created was an ascending triangle, butting up against all time high resistance. It certainly is not a value area to be buying.
Ethereum is running out of room, and currently dropping below the ascending triangle demand line, although minor. A trader may play the measured move up or down. Probably the best play is to be long volatility. Most likely, Bitcoin will be the judge and jury of ETH's move.
Speaking of BTC, things don't look good for a trade. The Elon Musk tweet was not enough to sustain prices for a confirmed breakout, which is worrying. I would not be surprised if BTC broke below 30k in time.
If the SPX keeps selling off on Monday, the party could be over and the cash grab beginning with the strange market we currently find ourselves in.
Ethereum Breakout Imminent!!!Ethereum is back at highs, exactly as we anticipated in the last report. We told you that it was likely to form a consolidation pattern before another breakout. Sure enough, it appears to be forming a bull wedge. ETH is due for a breakout imminently. All the signs are there. We have consolidation at highs, and the Kovach OBV is quite bullish, suggesting momentum is bottling up. We may have one more retracement before the big breakout but it is doubtful. When we breakout, 1548 will be the next target.