Ethereumbitcoin
LTCBTC can reach the ATH nowCritical resistance:
In the US Dollar market, the price action of Ethereum is crossing a critical resistance zone. This area starts from $1200 and ends up to $1600.
25 SMA broken out:
Now if we switch to the Ethereum with Bitcoin pair chart. Then on the weekly time frame, the price action has broken out the 25 simple moving average and moving to the upside to 200 simple moving average. Once the 200 SMA will be broken out then a very powerful bull run can be started.
This move can be the same as in the US Dollar market when the price action broke out 25, 50, 100 and, 200 simple moving averages and the smallest time period moving average moved above all and the biggest time period MA moved below all. Then the priceline of Ethereum reached very close to all-time high price.
Conclusion:
The priceline of Ethereum has achieved another milestone by crossing up the 25 simple moving average with Bitcoin pair weekly chart. If the 200 SMA will be broken out then it can reach the all-time highest price in the Bitcoin market as well.
ETHEREUM - New ATH before shorting big on February 8th? Why?
Because CME Group to Launch Ether Futures on February 8, 2021
Will share more with you all before time. Maybe find the hint on this previous video about Bitcoin, the city of Chicago, the bears and bulls. (from 0:45 to 4:00 mins you will find the hint, it's loud and clear)
ETH completing another setup to turn more bullish in long termThe importance of SMA 7 and 25:
The previous rally of 2017 ended when on the weekly chart, the simple moving average 7 crossed down the SMA 25. This time sofar the price action is retesting, again and again, the SMA 7 and did not break down it sofar.
Critical resistance and Cup & Handle Formation:
On the long-term weekly chart, the price action is in a critical resistance zone which starts from $1200 and ends at $1600. Here the price action has found the resistance of Cup and Handle pattern at $1200. And retraced almost up to 0.382 Fibonacci level to complete the handle of Cup.
Attempting breakout resistance in the Bitcoin market:
On the Ethereum with Bitcoin pair’s weekly chart, the price action of Ethereum has formed a strong uptrend line support. And now trying to break out the 25 simple moving average resistance.
Conclusion:
If the price action will break out the 25 simple moving average resistance in the Bitcoin market. Then it can turn more bullish against Bitcoin and a very strong bull run can be seen in the US Dollar market as well.
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ETHBTC Is is starting parabolic rise similar to 2017?This is Ethereum's month by no doubt. It's strong start on the 1st month of the year made me look again at ETHBTC on the monthly (1M) time-frame and I found a very interesting pattern.
It appears that we have completed the Inverse Head and Shoulders, which started at the end of 2018. Such patterns are technically signs of a trend change from bearish to bullish. On top of that, December's (2020) candle bounced on the Higher Lows trend-line that has been providing Support since 2016.
It is important to note here that so far the current monthly candle (+53%) is the strongest since the January 2018. And if fractals bear any importance for you, it is almost as high as the January 2017 1M candle. Why so important? Because that candle also followed a bounce on the Higher Lows trend-line and was the start of the 6 month parabolic move of 2017. Coincidence? Could be. But in my opinion if the 0.04200 Resistance breaks (holding since September 2018), ETHBTC will look to fill Gap after Gap all the way to the All Time High.
Are you sharing a similar view?
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Ethereum - Bearish Divergence on ETH/USDEthereum hit the resistance around $1250 - $1300, and at least for now, this level was rejected. Volumes are higher, and the buyer's appetite seems to be still strong compared to Bitcoin.
But we have a big bearish divergence on the chart according to RSI. I hope we are going a little bit lower, and we can BUY more ETH at a better price.
I closed 2/3 of my ETH position at $1 269. I am keeping a small part just for the case of another bull run.
If we break the market price of $1 300, I will BUY ETH with a pullback.
I am heading to a new entry-level to jump in for another ride to the MOON.
D1 chart candles signal another BULL RUN, but I am aware of RSI bearish divergence that I have mentioned.
Here you have Ethereum entry levels for LONG positions:
$1 166
$1 077
$996
$837
$ETH / $BTC LONG | 332% Gain 12.52R Bull Market TargetBINANCE:ETHBTC
Genius Season. Long term HODL till the end of the this bull market cycle. Two scenarios:
1) ETH/BTC continues to consolidate, orders get filled and then ETH continues to run and out perform Bitcoin.
What would negate our entry is a new lower low hence the stop loss.
2) ETH/BTC breaks above 0.037562 sats starts it's pump and can load up on a retest of this S/R flip (unlikely if a pump) or enter upon strong volume and pay attention to lower time frames for momentum
Entry - 0.028176
Stop - 0.020686
T1 - 0.069962 sats
T2 - 0.121923 sats
ETH-4h. Buyers are preparing for a new wave of growth!The new year offers new prospects for investors. One of them can be found on the ETHBTC chart.
A strong wave of fall, starting from December 13, lowered the price of ETH by 25% . In one of our ideas, we showed that sellers have broken the global trend line and the situation looks quite critical. However, meeting the range 0.0247-0.0252 sellers met with serious resistance. It is in this range that the price of ETHBTC began to slow down on December 23 .
Due to a strong trend, sellers managed to break through this range for a while. However, December 27 showed its strength by taking control of the range 0.0247-0.0252. This range is currently being tested. Sellers look weak.
Therefore, the probability of starting a new wave of growth with a target of 0.03 is quite high.
Given that the price of the pair ETHUSDT is now in consolidation - rising to $ 800-840 in the near future - this is a very likely scenario.
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💡Don't miss the great buy opportunity in ETHBTC Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.026600).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 0.027650
TP2= @ 0.028600
TP3= @ 0.029500
TP4= @ 0.030900
TP5= @ 0.032230
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHBTC Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.026600).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 0.027650
TP2= @ 0.028600
TP3= @ 0.029500
TP4= @ 0.030900
TP5= @ 0.032230
SL= Break below S2
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. . . . . Please show your support back,
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💡Don't miss the great buy opportunity in ETHBTCMidterm forecast:
While the price is above the support 0.02450, resumption of uptrend is expected.
We make sure when the resistance at 0.03330 breaks.
If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.03365 on 11/24/2020, so more losses to support(s) 0.02630, 0.02520 and minimum to Major Support (0.02450) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 30.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.02630 to 0.02520). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.02630)
. Ending of entry zone (0.02520)
Take Profits:
TP1= @ 0.02845
TP2= @ 0.02965
TP3= @ 0.03185
TP4= @ 0.03330
TP5= @ 0.04045
TP6= @ 0.04850
TP7= @ 0.05695
TP8= @ 0.06955
TP9= @ 0.08550
TP10 = Free
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💡Don't miss the great buy opportunity in ETHBTCMidterm forecast:
While the price is above the support 0.02450, resumption of uptrend is expected.
We make sure when the resistance at 0.03330 breaks.
If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.03365 on 11/24/2020, so more losses to support(s) 0.02630, 0.02520 and minimum to Major Support (0.02450) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 30.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.02630 to 0.02520). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.02630)
. Ending of entry zone (0.02520)
Take Profits:
TP1= @ 0.02845
TP2= @ 0.02965
TP3= @ 0.03185
TP4= @ 0.03330
TP5= @ 0.04045
TP6= @ 0.04850
TP7= @ 0.05695
TP8= @ 0.06955
TP9= @ 0.08550
TP10 = Free
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💡Don't miss the great buy opportunity in ETHBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.030040).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.032300
TP2= @ 0.033610
TP3= @ 0.035200
TP4= @ 0.037100
TP5= @ 0.040490
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.030040).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.032300
TP2= @ 0.033610
TP3= @ 0.035200
TP4= @ 0.037100
TP5= @ 0.040490
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
ETHEUR Impulse observation(2) up
(1) down
Pair of scallops.
This is not a forecast just an observation.
Right now I am concerned about the disconnect crypto seems to have from SPX and others.
Everything seems to be bullish in the crypto world (well, mostly)
Its hard to call what this disconnect will lead to.
However im just expressing my thoughts, of course.
ETHBTC Time to get aggressive on Ethereum?Back in August I published a warning on ETHBTC, warning traders that it was time to ease on Ethereum as seen below:
My reasons were more than obvious and had to do with the price nearing not just the 1W MA200 but also the Lower Highs trend-line, the 0.382 Fibonacci retracement level and the White Curve (Parabola). As you see all conditions got filled, even the RSI got rejected on its Higher Highs trend-line, and ETHBTC pulled back.
Right now we have the conditions for the reverse action as the price found support on the 1W MA50 (blue trend-line) and is rebounding. Even the RSI bounced on its 12 month Support, as strong sign indeed.
The question is where will the next high be? The conservative, steady 0.5 Fibonacci or the more aggressive 0.618? Still, the pair has to get past the 1W MA200 (orange trend-line) before those Fibs are met, so every trader depending on their horizon (holding period) have their respective targets (short, medium, long-term).
In my personal opinion, I give more probabilities to the 0.618 Fib at 0.0666, even the Symmetrical High around 0.0870. The reason is because I give more weight to the White Hyperbola being the dominant pattern here. And as you see every hit of the RSI on the Higher Highs (and Lower Highs during the Bear Cycle) trend-line has made (or almost made) contact with the Hyperbola.
So is 0.0666 or even 0.0870 possible for ETHBTC as long as the 1W MA50 holds within the first half of 2021?
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