Ethereumshort
ENLA Auto Indicator called the Short on ETH for around 8% ProfitPossible Head & Shoulders with pump back in the upcoming week.
Crypto was build for Financial Crisis but the actually Situation is not just a financial crisis, it is more like the people need the Money for life and to protect theyr Businesses.
NO FINANCIAL ADVISE
Ethereum Re-Tests Major Support AreaETH is following a descending support line and has done so since July 2019. There is a strong support area at $85, which will soon coincide with the descending support line.
On March 12, the Ethereum price decreased significantly and reached a low of $101.2. Since then, it has made numerous attempts at retracing last week, most notably on March 20, when it reached a high of $153, but they have all ultimately been proved to be unsuccessful.Therefore, the short-term upside potential is limited, since the price has to flip numerous resistance levels in order to move upwards.
Rather, the price is expected to re-test the support line and support area, before possibly making another attempt at bouncing upwards.
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ETHUSD SHORT - as BTC weakness continues so does the ALT leaderWhat is up everyone,
Clean bearish pennant developing on ETH as well as a variety of other altcoin setups.
Publishing this one as I think it could get the most visibility.
Major bearish pattern performed to target and I think we will see more downside here.
Pain for holders continues likely.
Take care,
Vlad The Crypto Trader
Ethereum Sets To Complete A Simple Zigzag PatternEthereum sell-off from February high can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v.
According to Elliot Wave rules, a three-wave correction follows every impulse wave. In ETHUSD's case, the rally from wave (a) low to wave (b) high unfolded as a three-wave a-b-c zigzag pattern.
The correction also terminated at a resistance zone that lined up with a descending trendline and 50% Fib. Once the correction is completed, the primary trend is resumes.
If this count is correct, a five-wave decline is expected in wave (c) to complete the simple zigzag pattern.
I will be looking for a retest of the channel support and weekly trendline for the target.
What's your view on ETHUSD?
Ethereum Easy Short To $50While everyone is looking for a rally to the moon before halving, this is the time to look for bearish entries. Thanks to the whales and market makers we keep seeing these pumps. Just as you would dollar cost average your long entries, it may be the perfect opportunity to dollar cost average your short sell entries.
Ethereum is very unlikely to be the second largest coin during the next uptrend, if there is one. Please be warned that the next downtrend will not be the same as anything we have seen before. A major trend in Bitcoin dominance is about to reverse. The sole reason we saw all sorts of sh*tcoins rally in 2017 and onwards was because of a sharp decline in Bitcoin dominance. If you take a look at the BTC.D chart, you will notice that the trend is about to reverse and sh*tcoins are headed for the maximum pain scenario in the months ahead. I will not be surprised if most of the useless altcoins go belly up during the next downtrend. Stay safe, folks!
ETHUSDT - came to the resistance zone of the rising channel 200$Hello everyone, Ethereum has come to the upper zone of the rising channel, a possible wedge.
We have a big bearish divergence on the price and indicator of RSI.
Possible false breakdown and refund.
I look forward to a possible development of the fractal.
Since the risk-to-profit ratio is a good try short trade.
Entrance 200 - 204 $
Stop 206.5
Goals 188.2 and 176
This is just my opinion, and is not a call to action)
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ETH/USD 12H (Bybit) Channel exited but about to enter back &downEthereum is going for 7 weeks without a red candle, it's going down pretty soon in my opinion!
Wasn't able to really break-out the parallel channel, I'm expecting a retracement near Fib. 0.236 (201.84) at least, but could bounce on EMA20 first, around 212.60 USD.
Look at how it got rejected on last high zone (~230ish) this is a sign it should totally enter back the channel this weekend or next week.
A stronger correction is also valid until support, maybe MA50 or even Fib 0.382 if (185.43) bears are back to the game. Set-up:
Entry range= 227.50 - 223.30 (Mark)
Take Profit= 212.70 | 203.05 | 193.50 (Index)
Stop Loss= 238.15 (Last)
Risk/Reward ratio= 1:1 | 1:1.75 | 1:2.5
Expected Profit= 5.63% | 9.92% | 14.15%
Possible Loss= -5.66%
Leverage= 5x | 10x | 15x
Fib. Retracement= 0.236 | 0.382
ETH dead cat bounceEthereum dumped by almost 10% and bounced. IF you take a look at week timeframe, you will see that ETH never ended its downtrend. Just keep on falling and falling and falling. The only bullish moment it has, is that now price is near historical all time low with falling volume, which could be a sign for potential reversal, but certainly not a confirmation of it. And without confirmation better stay away from that coin.
If price will fall below 171 once again, ETH is dead. IF bounce above 173, there is a chance it will bounce to 179. Just monitoring it.
Ethereum - Support vs CapitulationAfter another sell-off earlier today, crypto markets have continued to fall, with the total market cap dropping to $220 Billions threshold.
Ethereum couldn't avoid taking a 6.57% hit driven by the overall bearish market sentiment.
Question:
What is the probability you see at $175 major bottom and support against , $175 failure ?
Looking forward your commend and would appreciate your like and engagement.
Thank you
Scrembo