ETHEREUM - Sticking to the planSecret to successful trading is to stick to the plan!
We have been buying for the last 3 weeks , taking profits at all time highs and buying in again at the dips .
Let's not ignore 'Market games', manipulation and fundamentals.
I said I would be buying until Feb 8th and then sell. The CME factor, yes. In 2017 when the CME started trading Bitcoin the price dropped.
Ethereum will suffer too, I am confident it will happen BUT it is NOT the time to go short yet...
You see, the game is played differently every time but the outcome is always the same..
so, buy mode still on, sell button can wait a bit more.
That's me and how I see things.
Ethereumdollar
This is a warning note, please study the descriptions carefullyThere are two scenarios for Ethereum, of which both are descending!
In the first scenario, which is shown in the 240-minute chart, the uptrend from $ 910.82 to $ 1763 is in 3 waves format, and it is likely that we encounter the Expanded Flat pattern. In this case, with the price crossing the range of $ 1271, we should expect a downtrend below $ 1000, up to the range of $ 870 to $ 760.
In the second scenario which has been shown in the daily chart
The first uptrend has ended, of which the 5th wave has been (Extended Wave), by crossing the price from the range of $ 1271, we can predict for the second time, the expansion of downtrend movement up to the range of $ 800, which is the corrective wave for downtrend of wave 2.
(Daily Chart)
**This case has been seen in all cryptocurrencies except Doge, of which the situation is in favor of this currency, due to its widespread support in this descending trend.**
Late 2017 scenario x 2021 scenarioEthereum late 2017 ATH Scenario
1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance);
2) Ethereum touched just one time U$1.400;
3) 4 days after touch U$1.200, dropped down to U$770;
4) 24 days after touch U$1.200, dropped down to U$550;
Shorten: Ethereum don't holded above U$1.100.
Atual Scenario (2021 ATH )
1) Ethereum daily candle closed 23 days above U$1.200 (major resistance)!!!
2) Ethereum daily candle touched 4 times U$1.400!
3) 12 days after touch U$1.200, went up to U$1.400.
4) 27 days after touch U$1.200 (today), the price is U$1.470.
5) 100 days daily RSI holding at 50+.
Shorten: Ethereum holded strong above U$1.100 + 50 RSI.
Comparison of scenarios
It is very obvious that the current scenario is totally different from 2017 ATH .
The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH .
It's just a matter of time to break ATH and rush to 4~5k+ level.
PS: I believe it will happen this year, in the coming weeks / months.
PS2: When ethereum breaks ATH , with daily candle closing above U$1.500, alt season will start strong.
ETH Literally to the stars!Underlying bull trend on ETHBTC that I have just noticed
This will dominate as the bear trend has reversed (breakout from a falling wedge)
ETHUSD can be seen forming a flag (bullflag) from a curved flagpole or (scallop)
This is really bullish and I am heavily invested, imo you should hop on board aswell
Everyday DeFi Pulse is pushing new highs, showing the power of projects built on top of Ethereum
Some popular ones are Maker, AAVE, and UniSwap (gems can be found among the saturation)
This is my reasoning behind a massive move for Ethereum, it seems ETHUSD price isn't reflecting currently the bullishness of projects built on the platform
Hopefully this post allows some realization for whales
We have recently been exposed to a lot of buyers through WallStreetBets, I assume a lot of these new believers will join the cryptocurrency movement.
Generational wealth is in effect.
Some of my older work on ETH
Big things coming for ETH and Vitalik
ETHEREUM - Been a good 'example' 🧮Patience is key in trading guys. Many of you get emotional, expect your trade or investment to rise on a straight line.... sorry, not gonna be happening
Well, Ethereum has been such a GREAT example of how:
1. the direction is clear (has been a buy- look at our ideas)
2. every time it corrects it offered an opportunity to buy again
3. it did also offer opportunities for short positions (especially for us who hedge a lot)
patience (check our various ideas) paid out and is paying out
So what's next? For us is taking profit time (again) and we keep some for a rise further higher. We are also trying and compounding some small short positions (25% atm).
Ethereum (ETH) Less Than $1600 Is Damn CheapHey friends, hope you are well, and welcome to the new update Ethereum coin.
14000% rally:
From 2015 to 2016 the price action of Ethereum rallied from $0.15 to $21.49 that was more than 14000% gain.
22000% rally:
After 14000% gains, the price action of Ethereum started the next rally from 2016 to 2018. This time it was more than 22000%, that was almost doubled move than the previous one.
Bullish Cypher move:
it can be also observed that before the second bullish rally the priceline also formed a big harmonic Cypher pattern on the monthly chart and started this big move from the potential reversal zone of this bullish pattern.
Bullish Gartley move:
Now recently back in March 2020, the price action completed another bullish harmonic Gartley move on the monthly time period chart. I also shared this move in march as below:
Now from the potential reversal zone of this pattern the price action has rallied more than 1500% sofar and reached the highest resistance level in its history.
Conclusion:
As the priceline of Ethereum has been reached the highest resistance level in its history. This big harmonic Gartley move is a powerful signal that the priceline of Ethereum is again going to make a big move like 2016 to 2018, and it can be doubled than the previous rally.
ETHEREUM - We remain BullishOur updated Ethereum chart. Shake-offs were opportunities to Buy again and we remain bullish on the asset. Unlike the previous month that we were focused on Bitcoin I remain focused on Ethereum at this stage simply because the fundamentals are strong (new version and CME futures) as well as the fact that the price of Ethereum keeps flirting with new all time highs, thus more headlines and new investors.
All this until February 8, where as I have stated before it will be time to short it.
Ethereum 4~5k+ TargetEthereum 2017 ATH Scenario
1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance);
2) Ethereum touched just one time U$1.400;
3) 4 days after touch U$1.200, dropped down to U$770;
4) 24 days after touch U$1.200, dropped down to U$550;
Atual Scenario (2021 ATH)
1) Ethereum daily candle closed 17 days above U$1.200 (major resistance)!!!
2) Ethereum touched 4 times U$1.400!!!
3) 12 days after touch U$1.200, went up to U$1.400.
4) 21 days after touch U$1.200 (today), the price is U$1.300.
Comparison of scenarios
It is very obvious that the current scenario is totally different from 2017 ATH.
The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH.
It's just a matter of time to break $ 1,400 and rush to 4~5k+ level.
PS: I believe it will happen this year, in the coming weeks / months.
PS2: When ethereum breaks ATH, with daily candle closing above U$1.500, alt season will start strong.
💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1286.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 1380.60
TP2= @ 1441.00
TP3= @ 1478.00
TP4= @ 1600.00
SL= Break below S2
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Now, It's your turn !
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💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1286.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 1380.60
TP2= @ 1441.00
TP3= @ 1478.00
TP4= @ 1600.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EXACT projection in artwork + mathematically possible in ETHTechnical analysis regarding the price of ETHEREUM in relation of dollar Binance for the next scenarios, based on 4 hour movement.
The price formed an inverted Shoulder-Head-Shoulder graphic pattern (bullish pattern) and, if we take Fibonacci and project from the beginning of that leg kick, the target perfectly matches the size of the projection from the beginning of the neck line to the head. It is a beautiful thing to observe, with mathematical principles that can be respected!
Price above the Exponential Moving Average of 34 and 89 periods and both moving away from each other.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Ethereum price potential to $3,000 becomes apparent
Ethereum holds firmly onto support at the 50 SMA on the 4-hour chart.
ETH begins the uptrend afresh, targeting levels above $1,500.
A possible double-top pattern could jeopardize the rally to $3,000 and perhaps lead to more losses.
Ethereum has been adamant to follow in Bitcoin’s footsteps over the last couple of weeks. The flagship altcoin executed its own rally even after BTC ran out of steam. The rise to a new all-time high was particularly encouraging to the investors, whose confidence in recovery to levels around $3,000 has increased greatly.
Ethereum seeks higher support before resuming the rally
The recent spike from the support slightly above $1,100 elevated Ethereum to highs around $1,481 (on Coinbase). It was clear that buyers eyed an upswing past $1,500 but Ether lost momentum, leading to a reversal.
The 50 Simple Moving Average on the 4-hour chart has provided support for Ethereum at $1,300. ETH is trading at $1,365 as bulls push for a return to price levels beyond $1,400. The Moving Average Convergence Divergence or MACD suggests that Ethereum is gradually falling back into the hands of the bulls, evidenced by the move into the positive territory.
Trading above $1,400 will add credibility to the expected move past $1,500. Moreover, a move of this magnitude could trigger the fear of missing out (FOMO) as investors rush to take advantage of another rally targeting $3,000. According to the Chief Technology Officer at Bitfinex, Paolo Ardoino:
"The Ethereum price has pierced another all-time high. The potential of ether is becoming more and more apparent as it demonstrates a formidable capacity to support many projects. Ethereum is a key platform for building blockchain projects and is an integral part of launching decentralized applications. With DeFi protocols exceeding $19B in TVL and showing no signs of decelerating, we may see the price of ether grow alongside its use."
Looking at the other side of the fence
It is worth noting that Ethereum may slow down the uptrend if the double-top pattern on the 4-hour chart confirms. This will likely increase the selling pressure in the market, hence delaying the breakout. Moreover, losses may come into play that may retest support at the 50 SMA, 100 SMA, and 200 SMA.
ETH: Diagonal pattern for the target of $ 800 The 12-hour chart indicates, how to count waves, where the wave iii from sub-wave 3 has ended, to get the confirmation the price needs to pass the $ 1047 range. In case this level is crossed, the pattern will be confirmed, and again we can expect the targets of $ 800- $ 900 for this currency.
In the 240-minute chart, the Divergence is also quite evident.
ETHUSDT, short to 1105 in near future.Hi friends. Let's Look at ETHUSDT chart window. I mark all interesting levels and market prices on the chart. Like you can see we have big solds upper and also every purchase from 1250 to 1350 is sold do my opinion its short to strong support level 1105. Levels thanks to X-Lines script.
Follow me.