ETH - 4 Hour looks like a trap!Bear Flag + Pennant + H&S
Looks like a trap!
Short entry point and take profits are marked on the chart.
What are your thoughts on this?
Ethereumsignals
ETHUSDT Channel patterns with clear Resistance levels.*** ***
For this unique analysis on ETHEREUM we are using the ETHUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame, with the RSI being on the 1W for reasons we'll explain later. As you see, the dominant pattern since the January 24 market bottom, has been a Channel Up. Since the April 03 Higher High, the corrective wave towards the Channel's bottom, has turned into a Channel Down (yellow pattern). Right now this pattern has come to its closest to the Channel Up Higher Lows (bottom) trend-line since February 24.
The price has to overcome the Resistance levels of the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) but the current trading level appears to be the best buy opportunity since March 13. Technically, the next Higher High could be on the 0.618 Fibonacci retracement zone since Ethereum's All Time High (ATH). Interestingly enough, the previous two Higher Highs have been just above the 0.382 an 0.5 Fib retracement levels, so 0.618 as the next Higher High comes as a natural progression. Notice how the application of the Fibonacci Channel extension levels, charts perfectly a path to the ATH, which can be on the 1.5 Channel Fib extension.
Another interesting aspect, is how similar the current sequence on the RSI (1W time-frame as mentioned) is with the pattern of September 2021. That fractal was also a Channel Down corrective wave and when the 1W RSI bounced on its MA (yellow trend-line on the bottom pane), the price started an aggressive rally. We are expecting a similar development, unless the Channel Up breaks below its Higher Lows. In that case, we could see a test of the 2166 Support level.
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ETHEREUM finished its corrective phase & will rise parabolicallyAs mentioned back in December 2021, Ethereum (ETHUSD) was at the start of a corrective mini-phase that we previously saw in October - December 2016.
I made a case back then that ETH was replicating a pattern of its previous Cycle that eventually led to its market top. That is the green Triangle formation of March - September 2016. What followed after was a corrective mini-phase outside the Triangle that extended for roughly 9 - 10 weeks and only found Support on the previous Low.
This time Ethereum broke above the green Triangle and started its corrective mini-phase from higher ground. The 1W RSI sequences of the two fractals also illustrate that. However it also reached the correction phase low in roughly 10 weeks. Last month (March 2022), it made a Higher High for the first time since the correction, confirming that the correction is over, the new Low (bottom) is in and most likely it will now start the big parabolic rally towards the new market (Cycle) top.
Another indicator set that also shows that ETH is at the point of an aggressive bullish break-out, is the 1W MA50 (blue trend-line) and the Upper Bollinger Band (UBB). As you see, in January 2017 those two made contact but didn't cross each other and then the price bounced aggressively. Right now we had this contact last month and already see the UBB rising.
The comparison with the previous Cycle certainly shows that some phases may not be as aggressive as their respective ones of the previous Cycle. Take for example the rally that followed the market bottom phases (blue Triangles). The one that followed the October 2015 bottom was much more aggressive and quick than the one that followed the March 2020 bottom, which was less aggressive and lengthier.
What's your view on this one? Do you think that we are just starting the new parabolic rally that will eventually lead to a Cycle Top? Feel free to share your work and let me know in the comments section below!
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ETHEREUM: MOVING AS EXPECTED.Welcome members to this update on ETH.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
ETH is rallying as expected. It broke out of the resistance level which is good but let's be careful here cause the RSI is at overbought range. This could either be a fake-out or an actual breakout towards $3.5k.
Looking at the market sentiment and the RSI, things need to settle down a bit.
Let me know what you think about this idea and if you like it then do like and share.
I will cover more on this in the coming days until then stay safe and trade well.
Thank you.
ETHEREUM Major rally ahead if the 1W MA50 breaksLast time I looked into Ethereum (ETHUSD) was at the beginning of the month, where I presented a trading plan based on the break-outs of the Triangle on the 1D time-frame:
Now that the price broke above the Triangle, causing a bullish break-out signal as per the strategy, it is time to look into ETH again but on the 1W time-frame as we are ahead of a critical test.
As you see, the price is about to hit the 1W MA50 (blue trend-line). ETH hasn't closed a week above it since the January 10 2022 1W candle. It doesn't therefore take much to realize how important of a Resistance level this trend-line is. What may be even more crucial though is the fact that during the 2016/2017 Bull Cycle, the price formed the very same Accumulation pattern that ETH has been currently in since the May 10 2021 candle.
At that time, the accumulation ended when after 2 months of trading below the 1W MA50, Ethereum closed a 1W candle above the 1W MA50, causing a bullish break-out signal and initiating a massive parabolic rally. Right now, we may be entering this last phase of the Accumulation where a 1W candle close above the MA50, can kick-start the next rally. Even the 1W RSI sequences during the Accumulation phases are similar. Regarding where the next top may be, a safe idea is to look for a test of the RSI Resistance Zone, which is where the rallies historically take a pause.
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ETHUSD Lower Highs and 1D MA100 are the key. How to trade those.Ethereum is currently testing its 1D MA50 (blue trend-line) and even though it has marginally broken above it three times since December 09 2021, it failed to hold a sustainable rise and got rejected under the pressure of a Lower Highs trend-line.
The very same Lower Highs trend-line has been seen during the previous correction and subsequence Accumulation Phase on ETH's bottom, below again the 1D MA50. However, it was when the 1D MA100 broke (green trend-line), which happened to be just below the 0.382 Fibonacci retracement level, that ETHUSD confirmed entering a bullish trend long-term.
We just so happen to be on a similar situation now, with the 1D MA100 declining rapidly near the 0.382 Fib. We monitor the price action first for a break above the Lower Highs trend-line and then for a break-out above the 1D MA100, in order to confirm the bullish reversal on the long-term. In that scenario, look for a first High near the 0.618 Fib, as in August 2021, which is currently just over $3800. If the Lower Highs trend-line rejects the price again look for a pull-back towards the 2160 low again.
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Ethereum to break support, 1800 here we come!Like all crypto market, Eth has reversed strongly from my pointed-out sell zone yesterday and what took 48h to gain was erased in only 8 hours, giving us a strong clue about the bearish momentum.
At this moment the cryptocurrency is trading exactly in 2400 support and a expect a clear break under soon.
Bears can target the next important support at the 1750-1800 zone and only a daily close above 2800 would negate this scenario.
ETH the prince is fallingHello Everyone.
In this chart, I plotted what I expect to happen next for Ethereum. Although some were expecting ETH to outperform BTC, the reality is that alts are often topping after BTC, so it was following a similar pattern to the king. There was a fake-out at the All-time high, signalling the reverse trend. From there, ETH has formed the first primary wave of wave C. I expect this Flat correction to end around the end of March, with eth going to 1650. There is a very small chance we may even see 1400 if the wave turned out to be more violent. This won't happen in a straight line. There will be a relief bounce around 2200 which will likely push eth back to 2700. After that, ETH will then head to 1650.
Although I tried to be as accurate as possible as the price chart update in the future, I will be more precise. However, I am pretty fund that we will see 1650 by the end of March.
This Hypothesis will be invalidated if ETH manages to break back above 4000.
Nevertheless, you can also appreciate that this idea agrees with the Elliott wave channel that I have drawn (thick black lines).
The good news is that after this painful correction, I expect Ethereum to top out at 20k, which has always been my final target. The timeline has only been delayed.
FAs always, make sure you use the proper risk management and place your stop losses. In the market is not essential to be right but to make money and preserve your capital in case you are wrong.
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Ethereum Strong BuyHey traders, today we are monitoring ETHUSDT for a buying opportunity around 3800 zone. Once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
ETHEREUM is on a corrective mini-phase. How low can it go?It is possible that ETH is replicating a pattern of its previous Cycle that eventually led to its market top. That is the green Triangle formation of March - September 2016. What followed after was a corrective mini-phase outside the Triangle that extended for roughly 9 - 10 weeks and only found Support on the previous Low.
This time Ethereum broke above the green Triangle and started its corrective mini-phase from higher ground. The 1W RSI sequences of the two fractals also illustrate that. Since we are already on the 9th week of trading outside this Triangle, could it be that ETHUSD is approaching its new market low?
The comparison with the previous Cycle certainly shows that some phases may not be as aggressive as their respective ones of the previous Cycle. Take for example the rally that followed the market bottom phases (blue Triangles). The one that followed the October 2015 bottom was much more aggressive and quick than the one that followed the March 2020 bottom, which was less aggressive and lengthier.
Do you think the correction will be extended to the low of June 2021 or are we near a bottom already?
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ETH/USD trade updateWhen we look at the chart we can see that the price is going back up a little. We can also see that the price broke a possible descending wedge and that is also a good sing of the trade going up. What we could see now is a little drawdown back to the descending wedge to do a retest of the level. Once we get that I would increase my position if the volume and liquidity are good. For now it is just waiting but it does look good.
ETHEREUM ETH STRONG SUPPORTEven though BTC Correction and the effect make other coins correction too include ETH but seem having strong support around 3926-3994.
The correction around fibonacci 0.382 area also price above EMA 50 TF 1D and EMA 300 TF 4H.
Good sign but wait for confirmation break out.
EthUsd- I'm pretty sure the correction is overEthereum "has held" very well in this correction, with a concrete floor at 4k.
Now the price is challenging the upper side of the recent range and a break above 4.4k would open the door for 5k and even higher
As long as the price is above 4150k bulls are in total control and only a drop under 4k would be bearish
ETH the Prince readyHello everyone,
Some of you have personally asked for ETH targets and charts.
Here we go, my ideas.
ETH and BTC have now successfully bottomed out, Yes you heard me. This was the floor. Now the fun starts.
ETH has perfectly retested the previous broken CUP n Handle continuation pattern and ATH. We have now a continuation which will bring us to 11k by the first week of January.
It has perfectly retested the 50 day MA confirming strength.
Indicators are all flagging strength and bullish signals on the daily frame.
It has also reclaimed the 12 MA which I use in conjunction with a bullish cross in the KST as a long-term bullish signal.
I expect all the altcoins to top out around the beginning of February, with eth reaching the top of the EW channel and reaching my 7-month-old prediction at 21k.
Also, it has printed a piercing pattern and bullish engulfing on support in the daily frame confirming the bottom.
Very short term ETH will probably paint an IHead n Shoulder confirming the breakout of the all-time high.
Anyone shorting or telling you to short the market is misinformed and not very good at TA.
A lot of fun ahead, guys...enjoy.
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ETHEREUM #ETH CHART CONCERNSThough I really want Ethereum to continue the rally and get to the next higher high, I am concerned that the rising channel may lose steam with lower volume and RSI still high. Lastly, if BTC can't stay sideways or rising, there may be a correction in sight. Be careful trading.
I enjoy creating scenarios. What are your thoughts? Comment below and hit the like please. Thank you!
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 #bitcoin #altcoins
ETH dominanceETH dominance potencial forming triangle and if make a push up and support it then this scenario is valid
ETHEREUM getting ready for $10k. Last chance to buy?It has been a while since I looked into Ethereum but what a better time to look at it than now. Ever since the May high, the price has been trading inside a Triangle. This pattern resembles the June - November 2017 Triangle which was the last accumulation phase of the 2017 Cycle before a final parabolic rise that formed the market top just below the 4.382 Fibonacci extension.
The two fractals are identical. Both parabolic rallies initially started after a 1D Golden Cross (the MA50 crossing above the MA200 (blue and orange trend-lines respectively), that followed a market bottom (Fib extensions measured from that bottom). The Triangles are the last accumulation phase before the blow-off top. The LMACD sequences are also quite similar.
If the pattern plays out exactly as the 2017 fractal, then currently we may be on one of the last chances to buy before the parabolic rally towards the $10000 mark. The 4.382 Fib extension is a little below $17000.
Will there be a better opportunity to buy ETHUSD or you are not missing this one? Feel free to share your work and let me know in the comments section!
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ETC - Ethereum Classic Next Target 60ETC is consolidated at 50 and 55, now according to me it should move to 60 and further above. Double top has formed at 74-77, we might see another fall form that point by this month.
You can buy when price moves up and daily candle closes above 54.
Like out idea, comment and follow
ETHUSDT 4HR TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
ETHEREUM bounced exactly on the 1DMA50. We have seen this beforeETHUSD followed the general bearish market sentiment yesterday and as all cryptos, registered a strong (almost -25%) correction. The unique feat for ETH is that its correction stopped exactly on its 1D MA50 (blue trend-line).
My long term outlook on Ethereum is the following and I've last updated it on July 28, shortly after the break above its 1D MA50 gave a strong buy confirmation:
Right now, the price is holding above the Support Zone, forming a Rising Wedge (almost Triangle) pattern. According to my July chart above, we've seen this pattern every time ETH broke above the 1D MA50 and rallied since the March 2020 COVID global meltdown. As you see on the snapshots below, on all occasions, the price held the 1D MA50 and rebounded:
Is this a strong signal calling for a continuation of the long-term bullish trend? Most likely yes based on the technical data above. However a candle closing below the 1D MA50 could deliver further selling towards the 1D MA200 (orange trend-line) and take the market to a medium-term consolidation phase between the two before resuming the uptrend.
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ETHEREUM breaking above the 1D MA50 = RALLYETH closed above its 1D MA50 (blue trend-line) for the first time since the May correction. Since the March 2020 COVID collapse, that has been an early indicator for an upcoming rally.
On this post, I've plotted the Fibonacci Channel on Ethereum's price action since March 2020. As you see the RSI is also a rough indicator of when the price tends to break above the 1D MA50 as it has an approximate 60.00 break-out level.
Once that level breaks, it has taken ETH either 132, 137 or 70 days to reach its next top on the Fibonacci scale. As you see tops are progressive one level higher each time (first 1.0 then 1.5 and the most recent in May on 2.0 Fib). Technically we may assume that the next Top will be at 2.5 or higher but certainly that appears to be a very high level from the current prices especially if it technically "needs" to be achieved in 137 days (or even worse 70 days) as the model suggests.
Do you think that ETHEREUM priced its bottom and if so is the 2.5 Fib extension the next target?
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Ethereum Consolidating for HUGE Breakout SOON! 2350 Incoming?!Ethereum is consolidating in a symmetrical triangle after the most recent bullish rally. From a purely technical analysis perspective, there is a higher likeliness that price breaks upwards since price rallied into the triangle. That said, we want to wait for a breakout and confirmation before jumping into any trades. If price breaks to the upside, the potential target is at 2340. If price breaks to the downside, then the 200MAs at 2115 could be an area of potential support and therefore a good place to take profits from a short. The 200MAs is a good place to place a potential long as well if price drops down to that level.
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Ethereum Potential Double Top, BEWARE if price break this level!Ethereum has had a nice rally since it formed a double bottom, congratulations to all my followers who took the long trade setup. It is now forming a potential double top, with the neckline at 1930. The double top will only be confirmed if price breaks below 1930, and it will be invalidated if price rallies above the second top at 2025.
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