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Ethereumprice

ETH - Interesting imminent movement ahead.In the next few hours we could see some more action in the price than what we have had throughout this beginning of August where the price has been oscillating between lows of $ 350 and reaching over $ 400 on a couple of occasions. If the triangle formation is fulfilled, we could see another impulse in ETH that would oscillate around $ 500, giving us a continuation to the new bullish rally that apparently is in play and that where now in view of 1h we can almost see that the moving averages 100 and 200 are almost very close. This point is a Fibonacci pivot between the $ 625 mark to watch for future long entries. In the event that the price corrects (in daily view it is still oversold) the first levels to consider would be $ 350 and around $ 325, which would allow us a lower price action to increase the purchase while waiting for a better signal. Also in a 4h view we can see that the RSI is descending although this does not mean anything yet about the direction it will take. What is your opinion? Thanks for supporting this idea.
BINANCE:ETHUSD
by harribatu
ETHEREUM. THE DEFI LEADER. $450 SOON? WE THINK SO...HERE'S WHYEthereum is the backbone to all the DeFi craze that has been going down right now. While gas fees have been extremely high, this also means on-chain activity is at record levels. Price wise this is simple. We are seeing the fuel be added to the 'rocket' right now. Take off to $350 is inevitable in our opinion, the large liquidity zone will be a STRONG resistance. Calling all 18-year old Robinhood millionaires. If you want to see the next big thing, look no further than $ETH.
COINBASE:ETHUSDLong
by TheRollup
Is Ethereum trading in a Ascending Triangle?An ascending triangle is a chart pattern used in technical analysis . It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline . A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
COINBASE:ETHUSD
by ScotianBot
2
Ethereum is forming bullish Crab | For a big bullish moveHi Folks hope you are doing good, this bearish trend is helping many tokens and cryptocurrencies to complete their final bearish legs to form bullish patterns and Ethereum is also one of them. On 2 day chart the Ethereum is forming bullish Crab pattern, and soon it will be entered in potential reversal zone but before that we will need some more bearish trend. Let’s dig this pattern deeper to observe how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.328 to 0.618 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 1.27 to 161.8 Fibonacci. Buying And Sell Targets: The buying and sell targets according to harmonic Crab pattern should be: Buy between: $69.28 to $8.87 Sell between: $116.26 to $230.36 So if the final leg will be retraced up to maximum extent then this pattern can produce up to 2497% big gains. Stop Loss: The potential reversal zone area can be used as stop loss in case of complete candle stick closes below this level. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
COINBASE:ETHUSDLong
by moon333
4
Is Ethereum trading in a Ascending Triangle?Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. The RSI is showing either a descending triangle or a bull flag, it could be a divergence & play out bearishly, only time will tell. Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again.
KRAKEN:ETHUSDLong
by ScotianBot
1