ETHBTC Looking Bearish!Ethereum / Bitcoin pair is looking pretty bearish which will cause $ETHUSDT to drop too.
Although Bitcoin has the possibility of going up, like I stated in my recent bitcoin analyses, I do not think $ETHUSDT will go up too much because of $BTCUSDT.
$ETHBTC will stop $ETHUSDT from going up, and like I stated in my recent analysis, $BTCUSDT does have the possibility of going down.
If $BTCUSDT heads down, then I $ETHUSDT will suffer very hard because we will have multiple factors bringing Ethereum down.
I called $ETHUSDT from the top at over $2000 ;) check my profile for proof, and follow me to never miss out on high quality signals for free!
Ethereumforecast
Ethereum posting higher lowsEthereum
Intraday
We look to Buy at 1644 (stop at 1603)
The sequence for trading is higher highs and lows. Previous support located at 1650. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 1715. Preferred trade is to buy on dips.
Our profit targets will be 1746 and 1789
Resistance: 1700 / 1750 / 1800
Support: 1650 / 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.
ETH Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash.
* S&P US August Manufacturing PMI fell to 51.3 (from 52.2 in July) , its lowest level since July 2020. Cryptos are seeing a continued rally from Sunday to start the week while Equities were mixed but stayed relatively flat. DXY took a dip while Treasuries are up, and both the VIX and Gold are up in anticipation for Q2 GDP and Jackson Hole later this week. The Merge is still on schedule for a 09/15/22 launch on Ethereum's Mainnet . Key Upcoming Dates: 7th GDPNow US Q3 Estimate at 830am EST 08/24 ; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27 (Fed Chair Jerome Powell scheduled to speak on 08/26).*
Price is currently trending up at $1650 and briefly touched $1711 minor resistance as it continues to defend the 50 MA + the uptrend line from 06/18/22 as support at ~$1550. Volume is High and on track to favor buyers in three consecutive sessions while defending the 50 MA, this is bullish and hints that The Merge rally isn't over. Parabolic SAR flips bullish at $1969, this margin is mildly bullish. RSI is currently trending up at 47 after bouncing at 42, the next resistance is the descending trendline from February 2020 at 54 (which would likely coincide with 55.31 resistance). Stochastic remains bullish for a second consecutive session and is currently trending up at 14; the next resistance is at 18. MACD remains bearish and is currently trending down with no sign of trough formation; it is still technically testing 28 support. ADX is currently trending down at 26 with no sign of trough formation as Price is attempting to push higher, this is mildly bearish at the moment.
If Price is able to break above $1711 minor resistance , the next likely target is a retest of $1941 resistance . However, if Price is rejected at $1711 minor resistance, it will likely retest the 50 MA + the uptrend line from 06/18/22 at ~$1550 as support before potentially retesting $1427 support . Mental Stop Loss: (two consecutive closes above) $1711.
Ethereum breaking?Ethereum
Intraday
We look to Buy a break of 1655 (stop at 1609)
Daily signals are mildly bullish. A break of the recent high at 1650 should result in a further move higher. We are trading at oversold extremes. A higher correction is expected.
Our profit targets will be 1777 and 1807
Resistance: 1650 / 1700 / 1750
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.
ETHUSDT 1D The latest growth Ethereum priceMore than a month ago, we published the ETHUSDT trade with +84% return (our take profit $2024, maximum $2029)
We warned that in this liquid zone it is better to cover longs, because a correction may begin.
Given that the transition from PoW to PoS is planned to be completed between September 16-19, we take these dates as a basis.
We suggest that another wave of ETHUSD price growth is more than real.
The first target for growth is $2500 , although the next liquidity zone is wide $2500-3100.
Critical point - $1300 above this level, the growth scenario is relevant, below - not
In mid-September, you should either keep a short stop on a long position, or partially/completely cover it, because it is difficult to guess how the market will react to the shutdown of ETH mining.
This news can both create a deficit super Ethereum price growth, and the price can collapse due to the lack of speculative price component
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ETHEREUM: IN DANGER OR A FALSE DROP?Hello traders, I hope you guys are doing great. Here's a quick analysis of ETH.
Timeframe: 8 hours.
Update: ETH broke down below the support trendline, re-tested the support, and now dropping down. We have a support range between $1700 to $1800, and ETH must hold this level if not then $1600 would be decent support for ETH.
Be watchful with your trades, guys.
Ethereum @$1,699? No worries. Healthy correctionIf you take a close look at the general trend of ethereum you should not falter.
The current correction is absolutely within the expected if you are to maintain a bullish Eliott Wave count.
Wave 4 is on its way and already in completion zone. It can go further, yes, and the channel shows that.
No worries, normal thing. Long
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash.
*Cryptos and Equities both saw minor corrections at critical resistance levels after China's weak economic data, the Fed minutes and this week's barrage of recession-fear inducing US economic data (declining housing market, tightening credit market, shrinking GDP estimates, flattening retail sales), but both are now trending up in today's session. In what is now seemingly 2022 fashion, Precious Metals (aside from Copper and Palladium), VIX, Treasuries, Agriculture (aside from Oil and Soy) are all down while DXY, Cryptos and Equities are up. Yesterday's 6th GDPNow Q3 estimate came in at 1.6% compared to the one the day before (08/16) at 1.8%. The Merge is still estimated to launch on Ethereum' Mainnet 09/15/22 . It has also been disclosed that Coinbase has a 15% share of the current supply of ETH and stands to benefit from The Merge, however CEO Brian Armstrong also mentioned that they could shut down ETH staking if they came under regulatory threat from the SEC or US Treasury Department. Key Upcoming Dates: S&P US August PMI at 945am EST 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.*
Price is currently finding a bit of support at $1850 after it was rejected by $1941 resistance again in yesterday's session. Volume remains Moderate (high) and is on track to break a four day streak of seller dominance if it can close today's session in the green. Parabolic SAR flips bearish at $1819, this margin is mildly bearish in the very-short-term. RSI is currently trending up at 60 after bouncing off the uptrend line from 06/18/22 at ~58, the next resistance is at 77. Stochastic is currently testing 18 support and is currently beginning to form a soft trough. MACD is in its first day being bearish and is currently trending down at 103; because this is a lagging indicator there is a chance that the bearish crossover is relatively short-lived so it's important not to overreact. ADX is currently trending sideways at 34 as Price is attempting to find support to push higher, this is neutral at the moment.
If Price is able to bounce here then it will likely retest $1941 resistance before potentially breaking out higher to test a trio of resistances (the 200 MA + the 50/50 uptrend line from February 2017 + the upper trendline of the descending channel from November 2021) at ~$2200 as resistance . However, if Price continues to break down here, it will likely retest $1711 minor support . Mental Stop Loss: (two consecutive closes below) $1800.
Ethereum ready to shoot lower? Ethereum
Intraday
We look to Sell a break of 1847 (stop at 1896)
2026 has been pivotal. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term MACD is moving lower. A break of the recent low at 1848 should result in a further move lower. 50 4hour EMA is at 1872. Short term momentum is bearish. 20 1day EMA is at 1770.
Our profit targets will be 1723 and 1693
Resistance: 1930 / 2000 / 2100
Support: 1850 / 1800 / 1750
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 forecast and signalLearn and Earn!
after reaching the resistance line ( first target ), we have two scenarios,
first: directly growing and hitting the last target.
two: pullback and reach the stop loss.
So after hitting the first target (which is a resistance line in this position too), close half of your trade and move the stop loss to the entry price.
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Pay attention!
First: Trades have a time term , and in this case, it's from now until the next 12 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
Before the price crosses the mentioned place, the trade position is not Active.
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Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Ethereum forecast and signalPlease pay attention!
First: Trades have a time term , and in this case, it's from now until the next 11 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
So for this one, the trade is activated when the price reaches and crosses $1935 (USDT)
Before the price crosses the mentioned place, the trade position is not active
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Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Detailed analysis of price behavior of ETH during previous forksHello dear readers!
ETH 2.0 - hard fork of Ethereum that will improve scalability multiple times by switching from PoW (Proof of Work) to PoS (Proof of Stake)
Scheduled on september 19 . Only a month left.
As ETH 2.0 approaches and everyone is buying Ethereum, question is opened - How much will we grow and for how long should we Hodl?
The goal of this post is to provide you with answers to this question by analyzing price action during previous hard forks. Lets go!
DAO
The DAO fork was in response to the 2016 DAO attack where an insecure DAO contract was drained of over 3.6 million ETH in a hack.
Price grew 30% in 3 days, afterwards dropping -50%.
Nevertheless, if you would be a crypto believer at that time and wouldn't sell your tokens, in a year from a 10000$ you could have made up to 335000$
Byzanthium
This forked allowed layer 2 scaling and reduced block mining rewards from 5 ETH to 3 ETH
Price dropped 20% in the first week but overall rose by 430% in just 4 months. Holders were happy.
Constantinople
This fork:
• Ensured the blockchain didn't freeze before proof-of-stake was implemented.
• Optimised the gas
cost of certain actions in the EVM.
• Added the ability to interact with addresses that haven't been created yet
Price dropped almost by 10% in 5 days after launch, but if you wouldn't get scared you would earn 180% profit in 5 months as a holder.
Istanbul
Basically, a lot of scaling and security improvements.
Price dropped by 20% in 10 days, weak hands sold. Afterwards price rallied 95% in 2 months. In 9 months it rose 220% 🔥
Do you see a pattern?
Beacon Chain genesis
• Introduced staking on ETH chain
• Successfully started producing new blocks on Beacon chain. One step closer to ETH vision and PoS.
Price dropped 15% in first 10 days, afterwards it rallied 650% in 6 months.
Conclusion
By looking at all those examples we can see a pattern:
1. Price dropps 7-10 days after Fork
2. Then it rises minimum 2 months and sometimes longer giving us profit of at least 100%.
Hope this information was useful to you. If it was, drop a like and a comment so I will write such time-consuming educational posts in the future. 📄🖌
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself 😊
Both Scenario of ETHUSD is Bullish now This is my Forecast based on Harmonic Elliot wave counting for ETH in long term.
But in apposite scenario even if we are in Bearish Impulsive cycle, we should be in wave – ii – of that scenario.
So it doesn’t matter we are in the end of wave ((IV)) of Bullish cycle or , we are in the end of wave – I – on Bearish scenario .
in Both of this scenario we expect Rally on this level .
Don’t forget we are exactly in Monthly Resistance that can reject the price very strongly
to even Break the ETHUSD High in 4800 USD .
Good luck .