Ethereumforecast
Ethereum - watching support levelEthereum
Intraday
We look to Buy at 1571 (stop at 1524)
We look to buy dips. The previous swing low is located at 1560. Bespoke support is located at 1550. Daily signals are mildly bullish.
Our profit targets will be 1688 and 1728
Resistance: 1700 / 1750 / 1780
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Jamie Gun2Head Idea - Selling EthereumTrade Idea: Selling Ethereum
Reasoning: At resistance level, price is still, looking to drive lower within the channel
Entry Level: 1665
Take Profit Level: 1567
Stop Loss: 1692
Risk/Reward: 3.63:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Ethereum: ChillaxingEthereum has been chillaxing in a sidewards movement for a while now. However, it should start to take some action soon! We expect it to climb into the orange zone between $1902 and $2207, where it should finish wave (i) in blue. Afterwards, Ethereum should drop into the blue zone between $1475 and $1017 to complete wave (ii) in blue. There is a 40% chance, though, that Ethereum could continue to fall below the support line at $883.
Still long opportunities in EthereumEthereum
Intraday
We look to Buy at 1571 (stop at 1524)
We look to buy dips. The previous swing low is located at 1560. Bespoke support is located at 1550. Daily signals are mildly bullish.
Our profit targets will be 1688 and 1728
Resistance: 1700 / 1750 / 1780
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Is Crypto the Next Sub-Prime Crisis? ETHUSD (Ethereum) POVMore on this later...
For now, if you consider the very real possibility that a recession can quickly become catastrophic with: a war in Europe, seemingly enhanced instability in Asia, Record Inflation, and among other things - the current unwinding of a crypto currency bubble.
I'm not totally certain on this, but never in history has there ever been something with such little use, valued so highly (relatively speaking). Okay, tulips, calm down.
Even the diehard crypto philosophers (aka #cryptosophers) will concede ideas like: "Meeehh... It's very volatile at times"... granted they only say stuff like that on positive price action; otherwise it's some defensive narrative about what is actually just overcooked libertarianism.
The point I want to make is: things remain very volatile post-covid. Interest rates are one off-hand example. Commodities pulling back. Things can get weird real quick. And not only does crypto still looks dangerous, you have to really ask yourself: can this useless digital ledger token do anything? Like can it be spent anywhere other than an arcade?
Lol - I bet "subprime" just drives them cray.
Take care!
Technical Bounce Plausible?The market is ultra bearish, but perhaps we're about to establish a sideways trend? The market has been hinting it for weeks and has not set lower lows. Fundamentals are bearish, but conditions are reasonably oversold for now in the short term. It makes sense for a reflexive bounce as shorters cover their positions, but alas I do not think it will be enough to turn the market around, so I do not forsee a larger rally yet.
If we break below 1000 there is a clear violation of structure and the idea is invalid. Maybe there will be another drop yet. I would prepare for that also incase some really really bad news breaks.
Banks are putting cash aside to prepare for loan defaults. If that's not some sort of leading signal for more bearishness, I don't know what is.
Be prepared either way.
What do you think? Let me know!
Cheers and don't forget to hedge your bets!
ETH (the most important key level)ETH / USDT
Since 1 year and half , ETH is trading around 1700$ area Up and Down
Why i call it the most important key level
Look at chart, the violet color rectangle
Every time price touch this area it either an indicator for shift of trend to real bullmarket (2 times 182% in AVG) or bear which happened once ETH brokedown 1700$ in last June . as a result price dumped by 50%
Today we test this area again
The price action will indicate the long run either this a real local bottom for altcoins or we still need more crashes !
My vote is for bulls, august is likely a green month
Whats your vote ? Bulls or bears
Don’t forget to like this idea for more analysis and signals
best wishes
SHORT ETHEREUM ✅✅✅Hello traders!
✅ This is my trade on ETHEREUM.
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action from here as price filled perfectly the imbalances and mitigated bearish orderblock.
Like, comment and subscribe to be in touch with my content!
Ethereum dropping lower? Ethereum
Intraday
We look to Sell a break of 1599 (stop at 1651)
Daily signals are mildly bearish. A break of bespoke support at 1600, and the move lower is already underway. A higher correction is expected. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Our profit targets will be 1471 and 1421
Resistance: 1700 / 1780 / 1900
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ETHEREUM: AT THE RESISTANCE.Hello traders, welcome to the ETH update.
Timeframe: 2 hours.
Update: In my previous update, I mentioned two important support levels, $1500 and $1366. After the chart got posted, ETH did bounce back but quickly got rejected from the resistance level, it stayed for a while in the $1500 level but then got further rejected towards the second support level $1366. To be precise, ETH bounced back exactly from $1356, and then you know what happened, the FOMC news and a straight 31.5% pump.
Current Scenario: With the recent bounce back and rejection, ETH has formed a new trendline on both sides. The new resistance level is at $1750 and the support is still at $1366 to $1385. At present, ETH is getting rejected from the above-mentioned resistance level. The closes support for ETH is the $1650 where we have the horizontal support and the 21 MA. If ETH has to bounce back then this is good support. A further rejection could be an issue for the bulls.
Conclusion: The market is way too green, a short-term correction is needed to maintain the balance.
I will update more on this until then trade safely.
Thank you.
ETH: Turning bullish?Ethereum
Intraday - We look to Buy at 1505 (stop at 1459)
Short term bias has turned positive. 50 4hour EMA is at 1500. We look to buy dips. 1486 has been pivotal. Support is located at 1500 and should stem dips to this area.
Our profit targets will be 1619 and 1649
Resistance: 1660 / 1700 / 1800
Support: 1600 / 1550 / 1500
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Ethereum ready to break lower? Ethereum
Intraday
We look to Sell a break of 1349 (stop at 1401)
A break of yesterdays low would confirm bearish momentum. With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals. Daily signals are bearish. Expect trading to remain mixed and volatile.
Our profit targets will be 1231 and 1181
Resistance: 1500 / 1600 / 1700
Support: 1400 / 1350 / 1300
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum Analyze (Important Trend line)!!!🔔Ethereum was able to break the important Trend line by Bearish Marubozo Pattern (with high volume), and when I saw this pattern & volume, I was more sure about the break (Valid).
Ethereum passed the pullback to the important Trend line by low volumes these days. I expect that Ethereum will go down to at least the support zone.
🟢Support zone🟢: 997$-880$
❗️ Note ❗️: If Ethereum can go up more than 1700$, the Scenario will change (Low possible).
Ethereum Analyze ( ETHUSDT ) Daily Timeframe⏰(Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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ETH Fractal - July 2022 - UPDATEIn addition to my previous idea, fib levels slightly changed although fractal looks to be playing out.
For the sake of my spot hold, I hope not... buuuut if so,
SHORT mindset is keen
SPOT HOLD mindset not so much
DCA mindset.. adding to the bags :)
Greed & Fear Index currently at 26 (Fear)
DXY has broken downtrend and held above support
Either way, there's always money to be made!! @Kyljay
Ethereum - "News rally" doomed to fail? After we abandoned our bearish bias on Ethereum last Friday, it rose by more than 30% just within three days. The media's narrative is that this move comes as “the merge” approaches Ethereum, which will drastically decrease its carbon footprint. That will be allowed due to Ethereum utilizing proof-of-stake instead of proof-of-work, which it currently uses to solve complicated mathematical problems in return for the cryptocurrency. Despite that, technical factors also strongly contributed to the recent price rise. However, we would like to voice a word of caution as bearish fundamental factors will persist throughout 2022; these elements include higher interest rates in the U.S. and around the globe, economic tightening, and an increasing prospect of a global recession. Because of that, we still believe that Ethereum has not bottomed out. Indeed, we think the current price bounce may turn into an ultimate bull trap as we continue to see mounting calls for the bottom and market participants trying to buy every possible dip. Such behavior does not reflect market capitulation. Additionally, the magnitude of moves does not reflect the bull market. Instead, it hints at classic bear market rallies, which are often fast and strong. Therefore, we think the current price is attractive for short re-entry, which should be accompanied by tight stop-loss (as we still see limited upside for ETHUSD).
Illustration 1.01
The yellow arrow indicates the bullish breakout. We will pay close attention to the volume and if it is sufficient to sustain the rally for a little longer.
Technical analysis - daily time frame
RSI is bullish, and if it breaks above 70 points, then it could elevate ETHUSD higher. However, if it fails, then the trend reversal might be imminent. Stochastic is bullish. MACD is bullish. The same applies to DM+ and DM-. Overall, the daily time frame is bullish.
Illustration 1.02
Long-term moving averages, 20-week SMA and 50-week SMA, remain bearish. Moving averages on the daily chart are less bearish; however, the bullish crossover did not occur yet.
Technical analysis - weekly time frame
RSI turned bullish recently. MACD and Stochastic are neutral. DM+ and DM- are bearish. Overall, the weekly time frame is turning neutral.
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.
ETH heading strong resistance and good support levelshello all
i think we breakout from a range area and surpass the 1280 resistance.
now we reach 1650 resistance and the market react to it.
so i think we have a pullback to 1300 area and after that toward 1650 again
and repeatedly react to 1650 resistance and after that will go for 2000 resistance.
also maybe we have a 50% correction of this impulse wave that shows the 1300 level too.
Etherum has good fundamentals according to merge upgrade.so this targets are reachable
in coming months.
share me your opinion in comments.