ETH short term trade. Local shortOur global forecast for the cryptocurrency ETH is relevant. We expect a test of the $2600 range, from where the price has every chance to start a new powerful wave of growth. Links to our recent global ETHUSDT forecast below:
However, at the moment the sellers have not given the initiative. The price is slowing down, but sellers are preparing for another local downward momentum.
From how buyers will behave around the $2600 mark , it will be clear whether there will be a new wave of growth in the near future. So far no signs of buyer strength are visible.
Local ETH short
Admission 1: $2865
Admission 2: $2923
Stop: $3001
Such profit: $2675
The critical point where you need to closely monitor the price and be ready to fix the profit - $2726.
P.S. This local short is carried out near local minima. This should be taken into account when determining the size of the position.
Ethereumforecast
DeGRAM | ETHUSDT shortEthereum has been channeling for quite some time.
ETH price is slowly gravitating down to major support levels.
The lower border of the channel is expected to be tested.
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Ethereum: Greens 🥬Ethereum has resolved to eat more healthy food. Thus, it has added a lot of greens to its diet, as is visible in our chart. First, it should take a bite of the middle green zone between $2169 and $1542 to finish wave 3 in green. Then, it should climb upwards to complete the countermovement in wave 4 in green. Afterwards, Ethereum should resume the descent below the support at $1711 and into the lower green zone between $1590 and $1349, where wave 5 in green should end. However, there is a 35% chance that Ethereum could decide to take a mouthful of the upper green zone between $3249 and $3481 before moving downwards again.
ETHEREUM - Has Worked as a HedgeEither now or 12,5% lower we do expect Ethereum to find some major support.
We have been Buying BTC on every technical support while going short on Ethereum on every technical resistance, as our way of hedging or exposure.
This is about to change though as we do see Ethereum on support now (good one) and with the BIG one just a bit lower (2000$).
This could be a good indication that this 'Bear market' could come to an ease.
Needless to say that we are looking for better charts to go short on... stick around and you will find out.
One Love,
the FXPROFESSOR
ETHEREUM LONGS ACTIVE 📉📉📉In this moment i don't see lower price action on ETH as stock market is very bullish into the FED Meeting, we have extreme fear both on crypto and stock market meaning the traders/investors are panic selling their asset and this could be a good buying opportunity, i think we will see the selloff movement on BTC after the Fed Meeting (2days) around 3200$ level, this chart is preety much the same as BTC.
Another target area for me is around buy side liquidity aka equal highs area where we could take some profits (weekly highs)
What do you think ? Comment below..
ETHEREUM LONGS 📉📉📉Expecting bullish price action on ETH as BTC should rise and move the market into bullish zones. We have a manipulaiton below the sell side liquidity on ETH + a rsi divergence on the H4 that signs a potential bullish reversal. Targets are into buy side liquidity area + bearish imbalance area 3253
FEAR/GREED Index on the CRYPTO MARKET says that we are in EXTREME FEAR meaning there is a good buying opportunity.
What do you think ? Comment below..
Ethereum to drop further? Ethereum
Intraday - We look to Sell a break of 2794 (stop at 2844)
Daily signals are bearish. A break of the recent low at 2798 should result in a further move lower. Prices are extending lower from the bearish flag/pennant formation. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 2664 and 2614
Resistance: 2880 / 2950 / 3000
Support: 2800 / 2700 / 2600
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ETHUSD not going up anytime soonETHUSD building up liquidity at the low levels. This is necessary in order to take price higher. Unfortunately, ETH is not going up anytime soon, not before revisiting the 1500-2000 price range. At those levels I would seek long entries. Meanwhile, I would be shorting against all longs.
Ethereum: Future Price PredictionHello friends, today you can review the technical analysis on the 1W (weekly) linear scale chart for Ethereum (ETHUSD).
The chart shows only the price and the similarities between the current market structure and price to the prior bull/bear cycle market structure and price.
Each Support and Resistance Trend Line is color coordinated to match the prior cycle to current cycle. Though price may move slightly different, the overall structure looks very similar. It seems that the current price may be headed down to $1,000 - $1,500. To make it easier to follow, I made a pathway in the prior and current cycle. There is a possibility that price could come all the way down to $250 range due to a black swan event, however there are multiple support and resistance zones before that happens.
I am NOT confident that Ethereum price will make an all time high until after the next Bitcoin halving in 2024.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Launch of Ethereum rocket is planned from the level of $2600Today we will consider the global price chart of ETHUSDT, and what prospects, in our opinion, await in the future.
As can be seen from the chart, the price of ETHUSD has been consolidating in the price range of $1700-4900 for exactly one year from May 2021. However, in recent months, volatility has been declining, and the "spring" is shrinking, hinting that we have a strong momentum ahead.
For ourselves, we see it logical to take a safe long ETHUSDT in the area of $2600-2700. Well, the levels for the feet below are enough, it already depends on what risks you are willing to take on deposit.
If you believe the channels on the schedule, the launch time of the "rocket" will be in early May 2022.
Well and further it would be desirable to see realization of achievement of the targets - $6300, $9100, and can even $16400
We also plotted important price crossings on the chart at the end of June and August, as well as at the beginning of December 2022.
Who studied the Ethereum white paper of the project lengthwise and crosswise? Please write in the comments if something interesting is planned for these dates!
And although the thoughts are set for a super rise ETH price in the future, but the mind should always be kept cold.
Therefore, we suggest you look at the 3-day chart.
The first thing to note is how beautifully the price moves through the channels - aesthetes and pedants should appreciate)
The second thing to note is that a confident fixation of the price ETHUSDT below $2600 , nothing good in the long run, may not bring. After all, the space for the fall opens up to the liquidity zone of $300-500.
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Ethereum - Trending sideways like BTCSimilar to Bitcoin, Ethereum also started to move sideways recently. At the moment, it trades near the 3036 USD price tag. Currently, we are neutral on ETH; however, if the general stock market continues lower, we think the odds are inclined more toward the downside than the upside. We also foresee fundamental and technical factors putting pressure on a further rise in cryptocurrencies. Among the most prominent foes to ETH is the prospect of higher interest rates in the U.S. and capital rotation into gold from cryptocurrencies, which we predicted a few months ago.
Technical analysis - daily time frame
RSI has a bearish structure, but it started to flatten recently. MACD performed a crossover below 0 points, further bolstering the bearish case for ETH. Additionally, stochastic oscillates in the bearish zone. DM+ and DM- also show bearish conditions in the market, with ADX suggesting the presence of a weak bearish trend. Overall, the daily time frame is neutral to bearish.
Technical analysis - weekly time frame
RSI continues to develop a medium-term bearish structure. MACD is neutral and Stochastic, too, as both see flattening. DM+ and DM- still point to bearish conditions in the market. However, ADX is very low, indicating that no significant trend is present. Overall, the weekly time frame is neutral.
Illustration 1.01
The picture above shows the weekly RSI and its intact bearish structure.
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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETH3500I am expecting ETH to hit 3500 in the next several days. The RSI looks just right, not oversold nor overbought(this is not what we wanted for long trades).
There are two scenarios I am expecting to happen:
-The current price will go up and hit our target.
-The price will go down to our point of control(highest volume with orange line) and then go hit our target.
The only way that this idea be invalidated is when the candle closes below our point of control.
ETHUSD 1 hr - the same line. Across the crypto verse. I like to ask why, about everything. At least for a moment. Why are these prices riding such a fine line. This is why charting helps me. I like to see the pattern of the power keeping the price above the main buy zoe and below the main sell zone. I want to see that development. If thais creates a stability then i want to wonder if that is what the final stage will look like. If so this is closer to the gold pattern. When do the alt coins fall away from the BTC flow. Like copper to gold. Copper fluctuates more because its higher use.
ETH Ethereum: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Ethereum (ETHUSD).
Ethereum price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud resistance ahead.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk