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Ethereumforecast

ETH USDT will retest the lows soonI will try to make it as simple as possible. i will create 3 different SHORT/SELL trades for ETHUSDT. SHORT 1349 take profit 1285.5 SHORT 1369 take profit 1274 SHORT 1398 take profit 1307 If everything gets filled that will be a 6.4% win and i am using 2x leverage. STOP LOSS will be activated if 4hour candle closes above 1400 at 2.1% for an overnight stop loss i will set it at 1427 but only for the night time because i will have no control. it is expected to last maybe 3 days to be completed. The idea is that ETH will reach those targets,then come back at today's levels before crashing to maybe 3 digits. that will be the next idea and i will post it here if everything goes according to plan. for everything else,i will update this idea. FOLLOW FOR MORE
Short
by POWcharts
4
ETH chopping @wma200; must BO 1425 wedge & 2018 Cup neckETH have been chopping around the red wma200 line for the last 3 weeks with no clear direction before & after Thursday’s CPI report. The pump, dump & pump created a long-tailed hammer but still fails to recover the red weekly wma200 line. A tight Bollinger Band indicates a big move coming. TO BE BULLISH AGAIN: It needs to get above 1425 (the 2018 wave 1 top) to breakout of the blue wedge. This will also mean a BO of the downward-pointing daily dma50 & 150 acting as resistances. It needs to go above 2018 (Cup & Handle neckline) to confirm a higher high new uptrend. CONFLUENCES signal BOTTOMING PROCESS: There is high probability that June low of 882 may be the bottom due to it being a confluence of 3 important Fibonacci levels: 882 may be the level where the ABC correction ends with A wave = C wave 882 is where wave C= 2x wave B Interesting to note that 882 is also exactly a 1.272 retracement of the last big rally from 1711 to ATH of 4864. Not trading advice. Pls like & follow if this helps.
BITFINEX:ETHUSDLong
by xtremerider8
ETH Daily TA Neutral BearishETHUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. * SHORT SQUEEZE WATCH . US September Retail Sales came in at $684b , virtually unchanged from August but still 8.2% above September of last year. This strong consumer data will surely influence the Federal Reserve to continue pondering raising FFR by more than 75bps on November 2nd. The 18th GDPNow US Q3 GDP estimate is 2.8% , down from 2.9% on 10/7. Preliminary results for the October UofM Consumer Sentiment Survey show an increase from 58.6 in September to 59.8 in October. Putin made more threats regarding a "global catastrophe" to NATO should they become directly involved in Russia's war against Ukraine. He also set the stage for reclosing the humanitarian corridors Russia agreed to allow Ukraine to use to transport grain and fleeing citizens; this could lead to more supply chain woes in the near future. Cryptos, Equities, Equity Futures, Commodities, GBPUSD, EURUSD, JPYUSD and CNYUSD are all down while DXY, US Treasuries and VIX are up. Key Upcoming Dates: US September Building Permits and Housing Starts at 830am EST 10/19; 19th GDPNow US Q3 GDP estimate 10/19.* Price is currently testing $1270 minor support for the fifth consecutive session as it continues to trade in the largest trading zone (POC) on the chart for twenty three consecutive sessions now. Volume is currently High (moderate) and on track to favor buyers in today's session after favoring sellers in yesterday's session. Parabolic SAR flips bullish at $1389, this margin is mildly bullish. RSI is currently trending up at 43 after bouncing off of the uptrend line (also the lower trendline of the massive Symmetrical Triangle) from November 2018 at 36.91 support, the next resistance is the descending trendline from February 2020 at ~51.25. Stochastic crossed over bullish in today's session and is currently testing 46.76 resistance. MACD remains bullish and is trending up slightly at ~-35 as it continues to test -46.46 minor resistance for the ninth consecutive session. ADX is currently trending sideways at 31 as Price attempts to defend $1270 minor support, this is neutral at the moment. If Price is able to defend $1270 minor support then it will likely aim to retest the 50 MA as resistance at $1427 resistance . However, if Price breaks down here, it will likely retest $1k minor support before potentially retesting $776 support for the first time since January 2021. Mental Stop Loss: (two consecutive closes above) $1270.
COINBASE:ETHUSD
by dailytaguy
#Ethereum Consolidates as a BB Squeeze Forms above $1.25kPast Performance of Ethereum Ethereum prices are, based on the formation in the daily chart, stable. In the previous 24 hours, the coin has been relatively firm but bound within a bear formation pattern. The rejection of prices from spot levels and ETH bulls holding above $1.25k is a net positive. Still, the failure of Ethereum prices to soar above immediate resistance levels at $1.4k means sellers are in control, and there are higher odds of ETH slipping to new 2022 lows. #Ethereum Technical Analysis At spot rates, aggressive traders can continue unloading ETH on every attempt higher. The primary support is at $1.25k, flashing with the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. This is also the September 2022 low. Considering the significance of $1.25k, ETH must hold above this level, ideally with increasing volumes, if buyers are to build any upside momentum. Presently, a BB squeeze is clear in the daily chart translating to tapering momentum and anticipation of a breakout in any direction in subsequent sessions. Accordingly, risk-on traders can wait, aware that sharp losses below September 2022 lows may see ETH dump to $1.1k or even 2022 lows in a bear continuation formation. What to Expect from #ETH? The downtrend is clear, and sellers are in the driving seat, based on the candlestick arrangement in the daily chart. If buyers are to take control, there must be a strong, high volume and engulfing bar above $1.4k, pointing to a shift in the trend and, possibly, prices bottoming up. Presently, any drop below September 2022 would break bulls' resilience. Resistance level to watch out for: $1.4k Support level to watch out for: $1.25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ETH - buyers already dominate, sales have weakened.At the end of this accumulation we can see how purchases dominate sales. Most of the sales are locally bought out and buyers have the strength and desire to accumulate another position at a bargain price. The local decrease in volumes shows a decrease in the number of sellers. In case of successful resumption of purchases we can observe the emergence of a local uptrend. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BINANCE:ETHUSD.P
by Artem_Dishel
4
ETH: "Redemption DAY" target price between $1189-1121So I looked at ETH both from an apocalyptic and an optimistic perspective. The first one implies counting a 12345 Eliott Wave since ATH. It leads to -$733 if Wave 5 has at least a 1:0.618% ratio with Wave 1. Discarded. Why would ETH just dissapear? If it does so do many more other things, at least that´s my take. Now, what if we are more on the optimistic side? We could easily count an Eliott ABC Wave since ATH. B to A ratio matches a perfect and round 0.5% Fibonacci Then C to A ratio is none other but a perfect, round 1:1 So this leads me more towards this TA: Ethereum´s correction is over, it did the major ABC which in its turn is a greater Wave 2. We are in the begginings of an impulse. Also in an ABC, only that this one is the nano scale. We did a 12345 which created nano Wave 1. And now we are in the last leg of a C in the ABC that forms the nano Wave 2. Targets: Between $1189 and 1121.88 Best!
Long
by Ivanbole71
Good setup for EthereumEthereum may go down to $1000 but that is too far fetched. On Bollinger Bands it's a good setup. The price action went above the midterm level while the BB consolidates and looking to move another leg up. Maybe down to $1290 and up to $1360? A note on Bitcoin - If we get down to the $18,100 price level on the daily we can see that Bitcoin will be ready for another leg down. Maybe below the current bottom when Bitcoin reached that $17,400 range. Will we see newer lows? NAH the bottom is in. I highly doubt that. While it be good to see a bottom of $11,000 or $12,000 imagine the upside potential. That won't happen. Do you think the SP500 will go to $3200 from currently $3616? I doubt it! So I think we might see Etheruem go down to $1200. But $1000? I doubt it! I think we will see Ethereum go up to the $1400 range when Bitcoin travels to $21,000 this week. The VIX Cheat Sheet indicator doesnt say much. Usually it will say if things will go down or up in percentage. This time it's just saying 0.00 each way. That usually means the market is boring but ALSO that the bottom was in already! SO GET SLURPIN'' Bollinger Bands Setup - This has happened because when you see the BB average out to looking like a small piece of strange line and you have the candle OVER the medium line, when it drops down past the medium line you should buy because we will be headed up. Now what this and tell me how it goes! Your thoughts are appreciated!
Long
by Henrywaters
1
Etherium - the price goes to test the buyer.Strong players hold the price inside the trading range. After the approach to the upper boundary we see a pullback, on the approach the chart shows a weak resumption of buying. This situation tells us about a possible test of buying at more favorable prices. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BINANCE:ETHUSD.P
by Artem_Dishel
3
ETH Daily TA Neutral BearishETHUSD daily guidance is neutral bearish. Recommended ratio: 48% ETH, 52% Cash. * BOUNCE WATCH . Cryptos have remained flat through the weekend and Equity Futures are down to start the week. Russia blames the Crimea bridge blast on Ukrainian terrorists and mentioned that the only response is to kill Ukrainian terrorists , so more shelling is to be expected it's more of a matter of whether not the shelling includes tactical nukes or chemical warfare. Key Upcoming Dates: FOMC Minutes at 2pm EST 10/12; September US CPI at 830am EST 10/13; September US Retails Sales at 830am EST 10/14; 18th GDPNow US Q3 GDP Estimate 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15.* Price is currently continuing to trend sideways at ~$1325 for the third consecutive session as it hovers between $1270 minor support and $1427 resistance. Volume is currently on track to remain Low (low) for three consecutive sessions and broke the 4 days streak of sellers dominance by closing in the green in today's session. Parabolic SAR flips bearish at $1254, this margin is bearish at the moment. RSI is currently continuing to trend sideways at 42.5 for a third consecutive session. Stochastic remains bearish and is currently forming a trough at 62, the next support is at 47. MACD remains bullish and is currently breaking above -46.46 minor resistance as it attempts to defy forming a soft peak. ADX is currently trending down slightly at 29 as Price continues to trend sideways, this is neutral at the moment. If Price is able to bounce here it will likely retest $1427 resistance . However, if Price breaks down here it will likely retest $1270 minor support before potentially falling lower to $1k minor support . Mental Stop Loss: (one close above) $1477.
COINBASE:ETHUSD
by dailytaguy
Ethereum - Low monthly volume susggests no trend reversalLike Bitcoin, Ethereum has been mostly choppy for the past two weeks. It has been oscillating predominantly between 1 250 USD and 1 400 USD in a reflection of the indecisiveness of market participants. Despite that, we are committed to our bearish thesis and expect ETHUSD to hit our price target of 1 000 USD by the end of Q4 2022. Our views are based on a combination of fundamental and technical factors. In our opinion, driving market forces like interest rates and economic tightening will continue to weigh on the market, dragging it deeper into the bear market territory. Additionally, technical factors tell that same story, which points to the bear market rally at the moment rather than trend reversal and double bottom formation. Moreover, low monthly volumes hint at the fact that Ethereum is not gaining much interest among new investors, making the primary trend reversal very improbable. Furthermore, we expect market volatility to pick up from here, leading to high anxiety and more risk aversion. Because of that, we have no reason to change our bias and stick to our price targets of 1 000 USD and 900 USD. Illustration 1.01 Illustration 1.01 shows the monthly chart of ETHUSD. The yellow arrow points to the low monthly volumes. Technical analysis - daily time frame RSI is turning neutral. Stochastic is bullish. MACD points to the upside but stays in the bearish area. DM+ and DM- are bearish. Overall, the daily time frame is bearish Illustration 1.02 Illustration 1.02 displays the daily chart of ETHUSD and simple support and resistance levels. Technical analysis - weekly time frame RSI is neutral. Stochastic is bearish. MACD points to the upside but stays in the bearish territory. DM+ and DM- stay bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:ETHUSDShort
by Tradersweekly
18
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash. * Cleveland Fed President Mester said today that she expects to see an uptick in Unemployment but that the Fed remains "singularly focused on fighting inflation" . In the same regard, she mentioned that she doesn't see any rate cuts in 2023. Key Upcoming Dates: September US Employment Situation at 830am EST 10/07; FOMC Members Kashkari, Waller and Williams speak on 10/07; FOMC Minutes at 2pm EST 10/12; September US CPI at 830am EST 10/13; September US Retails Sales at 830am EST 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15.* Price is continuing to trend sideways at ~$1350 for a fourth consecutive session. Volume has been High (moderate) and favored sellers for the past two sessions, if it closes today's session in the green it will likely imply that more choppy trading is to be expected in the near term. Parabolic SAR flips bearish at $1229, this margin is neutral at the moment. RSI is currently trending up slightly at 46, the next resistance is the descending trendline from February 2020 at ~52. Stochastic remains bullish as it defies a bearish crossover at 96, the next resistance is at max top. MACD remains bullish and is currently continuing to form a soft peak as it tests -46.46 resistance. ADX is currently trending down at 30 as Price continues to trend sideways and attempts to move higher, this is neutral at the moment. If Price is able to break out to the upside then it will likely retest $1427 resistance . However, if Price breaks down here, it will likely retest $1270 minor support . Mental Stop Loss: (two consecutive closes below) $1270.
COINBASE:ETHUSD
by dailytaguy
ETHEREUM: Only a Break Above 1400 Would Mark a Shift HigherETHEREUM: Only a Break Above 1400 Would Mark a Shift Higher The previous idea for Ethereum was shared when the price was testing the lower support part of the structure. Actually the price is testing the resistance zone and by reaching in this way also our first target. now the price is showing the potential development of the bearish and the bullish movement at the same time. A break out of the price above 1400 would definitely confirm that the price will begin the next bullish wave. Thank you and Good Luck! Previous Analysis:
Long
by KlejdiCuni
6
Ethereum: Aqua AerobicEthereum has been doing aqua aerobic in the blue zone between $1456 and $1013 for a while now, moving up and down along the 61.80%-retracement. Although it could have gained enough drive already to start the ascent, we expect the cryptocurrency to dive a bit deeper still before rising out of the blue zone. As soon as wave (ii) in blue is finished, though, Ethereum should rise out of the blue zone, cross the resistance at $2029 and head for the upper blue zone between $2982 and $3420. However, there is a 40% chance that Ethereum could break through the bottom of the blue zone and drop below the support at $883, thus triggering further descent.
BINANCE:ETHUSD
by MarketIntel
Etherium - a flat movement is a sign of accumulation. A flat market phase continues for the instrument. This phase can be regarded as accumulation. But the strong buyer does not prevail yet and thus the price continues to trade in the rand, the seller does not allow to break through the upper boundary. If the instrument is not bought from the lower boundary of the range, namely at 1234.86, further price decrease with the accumulation at more favorable prices is possible. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
BINANCE:ETHUSD.P
by Artem_Dishel
5
ETHEREUM: LOOKING GOOD.Hello traders, here's a quick scalping long trade set up on ETH. I went long on ETH at $1319 and will surely accumulate the bottom. Entry level between $1294 to 1332. Stop Loss at 1271. Target around $1376 to $1400. Note: This is a short-term trade set-up. Invest only if you have done your research on it cause this is not a financial advice. I am just a T.A guy to help you with my analysis. So, do not rely on one source only, research, compare, analyze and then invest. Trade safely.
Long
by Dexter_The_Trader
4
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% ETH, 48% Cash. *Cryptos have been choppy over the weekend and are now seeing some buying pressure to finish the week. Equity Futures are currently down to start the week. Key Upcoming Dates: S&P US September Manufacturing PMI at 945am EST 10/03; September Employment Situation at 830am EST 10/07.* Price is currently testing $1270 minor support for the second consecutive session, if Price breaks below this level then it will likely retest $1k psychological support and potentially lower to $776 minor support. Volume has favored sellers in the past four sessions and was Low for the past two consecutive sessions, indicative of weak support at these levels; however, it's currently on track to favor buyers if it can close today's session in the green. Parabolic SAR flips bullish at $1358, this margin is bullish. RSI is currently trending up at 39 after bouncing off of the uptrend line from November 2018 at 36.91 support. Stochastic remains bearish and is currently beginning to form a trough at 66 as it's still technically testing 80.69 support. MACD remains bullish and is currently trending sideways at -69 for the fourth consecutive session, the next resistance (minor) is at -46.46 and the next support is at -90.80. ADX is currently trending up slightly at 34 as Price continues to trend down slightly, this is bearish at the moment. If Price is able to defend $1270 minor support then it will likely retest $1427 resistance . However, if Price breaks down below $1270 minor support, it will likely retest $1k psychological support . Mental Stop Loss: (two consecutive closes below) $1269.54.
COINBASE:ETHUSD
by dailytaguy
Ethereum – $600 next month?Hello, everyone! While Bitcoin is staying at the same level it’s time to analyze the Ethereum. Of course Ethereum will repeat the Bitcoin’s waves structure, but it have it’s own volatility which could be more interesting for the traders. You can watch the yesterday’s BTCUSDT analysis to understand which waves are anticipated for the whole cryptomarket. ETH waves are coincides with Bitcoin waves. Global wave 4 have been ended at $2000 and now it’s in the wave 5. Subwaves 1 and 2 inside wave 5 have been already ended. Now the price is forming the wave 3, the target for wave 3 is the 1.618 Fibonacci extension. Of course it’s just the approximate target. We have to use other “Magic bullets” to define where the trend is going to end, of course I will tell you where it will be the time to buy. The extremely bearish sign which tells us that the Ethereum will fall next couple of weeks is the 0.618 Fibonacci retracement breakdown and forming the extreme weakness just below it. Of course I am not shorting the ETH, I just wait for the best insane long opportunity. Best regards, Ivan
by Skyrexio
13