Ethereumusdollar
What If? ETHUSD HOPIUMJust Extremely speculative Food For Thought
What if the Real Blowoff Top Is yet ahead of us, and we are in a similar situation than 2016-2017?
If this Scenario where to play out, it would blow off Brains
ETH price prediction and ANALYSISETH is waiting for action. We are moving between $1480 and $1424. Ethereum does not have enough power to move higher up to $1480.
We can see a BEARISH divergence on RSI and low volume. It seems like the market is exhausted. If we break uptrend TL, you can short it. But I prefer to BUY with a price drop of around $1259.
ETHUSD formaing bullish BAT | Upto 22% move expectedOn 4-hour chart, the price action of Ethereum is completing the final leg of bullish BAT pattern, soon it will be entered in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $ 513.56 to $ 497.91
Fibonacci projection or sell zone: $ 550.86 to $ 607.51
Stop Loss:
The potential reversal zone area that is up to $ 497.91 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 22% and as per the above-mentioned stop loss, the loss possibility is 3.1%.
Note: Above idea is for educational purpose only.
Will Ethereum Hold These Supports???Expected up channel has been invalidated:
In my previous article I were expecting that the second-largest cryptocurrency will hold the support above the trendline that was started on 19th July 2020 on the daily chart. The price action also found resistance above this support, therefore I was expecting that a perfect up channel will be formed from this point. But unfortunately Ethereum followed the bearish move of the Bitcoin and broke down the support of this expected up-channel. I have also play the volume indicator on this chart that is showing a lot of sell volume has entered in the market.
The price action rejected by next resistance level:
Now if we switch to the 4 day chart then different support and resistance levels can be seen. As in my previous article I told you if the price action will breakout the $500 resistance level then there is no significant resistance between the $500 to $800.Therefore after breaking out this resistance level we can expect a very rapid move up to $800 resistance. But unfortunately the price action went very close to the $500 resistance and moved down. Now it has even broken down the $400 support. At this time it is re-testing the previous supports of $350 and $325 at the same time.
The priceline may re-test the SMAs as support before the next rally:
Now I would like to show you the different simple moving averages with the time period of 25, 50, 100 and 200 on the daily chart. At the moment priceline of Ethereum coin has broken down the 25 simple moving average and the 50 SMA and it is above the supports of 100 and 200 simple moving averages. Now we can expect if the price action won’t bounce from the 100 simple moving average then it can move down to the next support of 200 simple moving average that is at $244 at the time of writing.
And if we switch to the long term weekly chart then there is another possibility that the price action will retest the 200 simple moving average before the next rally to the upside. We can also see that the 25 simple moving average is continuously moving up to form a bull cross with 200 simple moving average. And for the people who don't know I would like to tell them that whenever the smaller time period moving average crosses up the bigger time period moving average that is considered as a strong buying signal and a rally to the upside can be started. After 25 SMA, the 50 simple moving average is also moving towards 200 SMA and when the 50 simple moving average will cross up the 200 simple moving average that will be a real golden cross and a strong bullish signal on the long term.
The priceline may not re-test the bearish cloud:
Now if we place the Ichimoku on the same long-term weekly chart then we have already seen that the price action has broken out the bearish cloud and the Ichimoku cloud has given strong bullish signals.
Now the price line is moving down towards the bearish cloud. But I am not expecting as that much powerful bearish rally that it will re-test the cloud as support, because we have the strong supports of the simple moving averages on the daily and the weekly chart as discussed above. Therefore there is a strong possibility that priceline will start the next rally to the upside without touching this cloud.
Conclusion:
We have witnessed several correction rallies on the daily chart while the bullish move of Ethereum. But correction on the long-term chart was still due that is happening at the moment. Therefore this correction was required for the next move to the upside once this correction will be ended then we can expect a powerful bullish rally.
Ethereum can hit $800 soon if this resistance will be brokenHi friends, hope you are well and welcome to the new update on Ethereum coin. The second largest cryptocurrency has surged 46% since I posted my last article. First of all for the people who are not following my articles on Ethereum coin I would like to give some recap. In March 2020 I posted an article where I revealed that the price action of Ethereum has completed the formation of a bullish Gartley pattern on the monthly chart.
The price action of Ethereum was entered in the potential reversal zone of this big bullish Gartley pattern and as per Fibonacci sequence of this pattern, I predicted that the priceline will start a rally to the upside from here at least up to 0.382 to 0.786 Fibonacci projection of A to D leg.
Finally the price action started the movement to the upside as predicted and so far it has produced more than 270% powerful bullish rally.
The priceline can move upto $800 soon:
Now I would like to take you to the 4 day chart to show you the different support and resistance levels. On the chart we can see that recently the price action has broken out the $400 resistance level and went very close to the $500 resistance. Once the $500 resistance level will be broken out then there is no significant resistance between the $500 and $800. Therefore we will witness a very powerful and rapid bullish move up to $800 once the $500 resistance will be broken out.
If we take more closer look at the chart then we can also observe that after breaking out the $400 resistance level the price action has already re-tested the previous resistance as support. And after retesting the priceline has retained the support above $400. If price action of the second largest cryptocurrency will be not able to breakout $500 resistance then it can form a parallel channel between 400 to 500 dollar levels.
The moving averages are moving up with price action:
After placing the simple moving averages with the time period of 25, 50, 100 and 200 a very positive gesture by these moving averages can be observed. As the price action of Ethereum has surged more than 270% but these simple moving averages also moving up with the price action. And after a certain time period the priceline is using these moving averages as support before starting the next rally to the upside.
Formation of new channel:
From the month of June 2020 the price action of Ethereum coin has started the formation of an up channel. We have several touches at the support and also at the resistance of this channel. Now this support of the channel can be used as a stop loss to find any appropriate exit point.
If we take a look at the volume indicator below the channel. Then it can be easily observed that we have more buying volume than sell volume. Therefore we can take it as a signal for the continuation of the up channel.
The Ichimoku cloud has turned strong bullish:
Now I would like to take you to the long term weekly chart. And over here if we place the Ichimoku cloud then it has turned is very strong bullish, the lagging span of the cloud has crossed up the price action and the cloud as well. The price action has already broken out the bearish cloud and we have already received the bull cross between the conversion and the baseline and the cloud has turned bullish after March 2020. Therefore now this Ichimoku cloud has become a very strong support for the priceline of Ethereum coin on the long term.
Conclusion:
After breaking out the Ichimoku cloud on the long term chart the price action of second largest cryptocurrency has confirmed the long-term bull run. But as on the short-term priceline is moving in an app channel, therefore in case the support of this channel will be broken down then a short time rally to the downside can be started. However, If such short term rallies will be triggered then these rallies would be seen as a correction on the long term charts.
ETHUSD this dump in an invitation to a powerful pumpFailed in breaking out the resistance:
Hi guys and gals hope you are well, welcome to the new update on Ethereum, the Ethereum was going very good and after crossing the $224 resistance it was expected that it will use this resistance as support and move up to hit the next resistance level but the price action has failed to retest the resistance of $224 and dropped down at previous resistance level at $149 and even now hitting at the next support level at $122. Before breaking down the $244 the support the price action went very close to $310 resistance $290.
Simple moving averages are broken down:
On daily chart the priceline of Ethereum was moving above 100 and 200 simple moving averages and it was expected that these moving averages will work as strong support for the priceline but the bearish move was very strong and now we can see that the candlesticks has broken down the both simple moving averages on daily.
Ichimoku cloud:
In my previous article we have discussed that the priceline was likely to cross the ichimoku bullish cloud and conversion line had formed bull cross with the baseline just below the priceline of ethereum and Ethereum achieved highest price by moving up 12933% bullish move. This time the price line of Ethereum was moving below this cloud since July 2018 and the current during current bull rally it was expected that candle sticks will cross up the bullish cloud. Unfortunately this time the priceline of Ethereum did not cross the bullish cloud and dropped down. Once the priceline will be successful in crossing up the bullish cloud then we can expect a really very big bullish move like it has taken in 2017. No one can say anything that this time the priceline of Ethereum will produce 12933% or more or less profit but it can make really very big bullish move.
Harmonic move:
If we see on monthly chart then the strong bearish move has completed the final and last leg of bullish Gartley pattern which was being formed. It was started on December 2018 and the first leg was completed on June 2019 then the price action retraced upto 0.786 level here I have ignored some extra spike. From here the price action was suppose to be projected between the projection area of A to B leg from 0.382 to 0.886 Fibonacci level and after being projected in this area the Ethereum was suppose to be retraced between 0.618 to 0.786 Fibonacci level. After this retracement now the price action is suppose to be projected between 0.382 to 0.786 Fibonacci level and this is the projection of A to D leg.
Now we can see the priceline of Ethereum even has hit the spike even beyond the potential reversal zone of this big bullish Gartley pattern but unless the candle sticks will be not closed below the potential reversal zone it cannot be considered that this PRZ level has been broken down.
Now from this potential reversal zone the candlesticks are suppose are to be projected between the projection area of A to D legand this bullish divergence can also lead the price action of Ethereum to breakout the ichimoku cloud as well and we have discussed earlier once the pipeline will cross up to cloud on weekly chart then it can turn more bullish to produce very big profit gains.
The range of potential reversal zone and Fibonacci projection area:
And as per bullish Gartley the potential reversal zone of this pattern starts from $188 and ends at $141. And the Fibonacci projection starts from $225 and ends up to $315 this is the level where we also have key level resistance of Ethereum $310.
Stop loss:
Maximum extent of potential reversal on should be used as stop loss point in case if the candle sticks will be closed below this area because once the priceline will break down this PRZ level then the price action may go for bullish Butterfly and can retrace more down between 1.27 upto 1.618 Fibonacci level.
These 3 signals can turn Ethereum more bullish than BitcoinHi friends hope you are well today I want to share with you three major significant signals of ethereum that can help you understand when the ethereum is going to make a very big bullish move. This article will be also helpful to have an idea whether to invest in Bitcoin is will be more beneficial or to invest in Ethereum is more profitable.
After Bitcoin halving 1st bullish rally of Ethereum and 1st bullish signal the market cap:
After previous Bitcoin halving which was happened almost on 11th July 2016. The price action of Ethereum started bulish rally. And we have witnessed that the market cap of Ethereum was increased. If we see the coinmarketcap data of Ethereum on July 11th 2016 then at that time the closing price of the Ethereum was $10.46 and the market cap was 856.5 million dollars. Then first rally was started that was upto 12th June 2017 and at that time the market cap of Ethereum was increased by 37.1 billion dollars. Its mean that the market was increased more than 4200%. The Ethereum reached at $401. That’s mean it rallied more than 3900%. Then the world’s second largest cryptocurrency started a correction rally.
After Bitcoin halving 1st bullish rally of Bitcoin and the difference between the profitability:
On the other hand if we watch the Bitcoin chart. Then after halving the Bitcoin started a bullish rally and upto August 2017 the BTC gained more than 650% value. Now if we compare this profit ratio with the profitability that was produced by Ethereum then it is more than 83% less.
The second bullish rally after correction:
After the 1st bullish rally of Ethereum that was up to 12 June 2017. We have witnessed a correction rally and after this correction rally the Ethereum started the next long term bullish move. And this time upto January 2018 the market cap of Ethereum was increased by 135.4 billion dollars. Its mean that the market was increased more than 15000%. And the price action achieved $419 price level that was more than 13400% bullish rally. On the other hand if we watch the Bitcoin chart. Then after little bit price correction the Bitcoin started next bullish rally. And upto Dec 2017 the BTC gained more than 3000% value. Now if we compare this profit ratio with the profitability that was produced by Ethereum then it is more than 346% less.
In these bullish rallies the important point is that the Bitcoin achieved the highest price ever in its history in December 2017. And when the Bitcoin was dropping down in January 2018 the Ethereum achieved the highest price ever in the history of ethereum. It's mean that after recent halving when the long-term bullish move will be started again. Then we can expect that first Bitcoin will turn bullish and achieve the highest price. And when the Bitcoin will be going through a correction rally or moving down then Ethereum can achieve the highest price ever in its history. And Ethereum can again produce far more big profit than the BTC.
Bullish rally of Ethereum:
Bitcoin rally chart:
Second signal the simple moving averages:
If we place the simple moving averages with the time period of 25,50,100 and 200 on the weekly chart of ethereum. And first look back before the previous powerful bullish rally from 2016 to 2017. Then it can be observed that when the 25 simple moving average crossed up the 50 simple moving average after that the price action of Ethereum never turned back and started the bullish rally that that was continued to one and a half years. As per coinbase exchange we did not have the 100 200 SMAs available at that time. Therefore we are only watching the golden cross between 25 in 50 simple moving averages. Now if we move to the current situation then it can be easily seen that the price action has crossed up the 25 and 50 simple moving averages. And at this time the price action is trying to break out the 100 simple moving average resistance. Once all these simple moving averages will form the golden crosses with each other then we can expect the powerful bullish rally like we have witnessed back in 2016 to 2017. At this time the 25 simple moving average is in death cross with 50 simple moving average. So we should at least wait for the 25 SMA to cross up the 50 simple moving average then there will be chances that the price action of Ethereum will turn bullish. However I would suggest to wait for all the golden crosses between all these four simple moving averages. For example the 25 simple moving average should be above all then we should have the 50 simple moving average then 100 and at the end of all these moving averages the 200 SMA should be below all these simple moving averages. Then a complete a opened alligator mouth will be formed. And the support of all these four simple moving averages the priceline can start very firm long term up trend.
3rd signal the ichimoku cloud:
Now I would like to discuss about the third bullish signal that can lead the price action of Ethereum to achieve the next highest price ever in its history. And that is the ichimoku cloud on the weekly chart. In order to notice the power of this signal we need to again move back in 2016. When the priceline of Ethereum crossed up the cloud in August 2016. And the price action started bullish move that was continued to next 1.5 years. Then after July 2018 since the price action of Ethereum has crossed down this ichimoku cloud it has never been successful to breakout this cloud again. From July 2018 to April 2019 there were very low chances for the price to cross up the cloud because the priceline was moving far more down than the bearish cloud. And the lagging span of ichimoku cloud was also at very big distance from the price action. Now at this time we can observe that the ichimoku cloud has turned very weak in the price action is making 3rd attempt to cross up this cloud. The lagging span has already crossed up the price action and now we can wait for the conversion line to cross up the baseline. This can produce a powerful bullish rally that can lead the price line to cross up this cloud and we can expect that once the priceline will breakout the ichimoku cloud then it will never turn back for next 2 to 3 years like it did back in 2016 to 2017.
Conclusion:
The Bitcoin can start a long-term bullish move before Ethereum and achieve more higher price level. Then Ethereum can start the upward move subsequently. But the profitability of a Ethereum can be more better than the profit ratio of Bitcoin. It is also possible that after acheiving the higher price level the Bitcoin will be moving down and in the meanwhile the Ethereum can start moving up to achieve the higher price level. Therefore it can be possible that many traders would be thinking that if the Bitcoin is dropping down then it is also a sell signal for Ethereum as well. But after selling they can regret like it happened back in Jan 2018.
ETHEREUM / U.S. DOLLAR (ETHUSD) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Ethereum has all good supports for a big pumpEthereum is at the support that is not broken down since more than a year:
As earlier we have seen that on daily chart the ethereum turned very strong bullish and started powerful bullish rally from December 2019 to 14th February 2020. And after gaining more than 150% value we have witnessed a waterfall crash after 14 Feb 2020 upto sofar. And Ethereum has lost more than 58 % of its value. During this crash the Ethereum has dropped at the support of $122. That is really strong suppor as we can see this support is not broken down since more than a year since March 2019. The priceline is likely to embrace this support as we examine that the price action has hit the spike even beyond this support but in all of a sudden the price action again retraced back and crossed up the support. At this time the price of Ethereum is moving above this level.
Long term support working as market structure for Ethereum:
Now if we switch to the long term weekly chart then it can be easily examined that we have a very strong support of $90 that is not broken down since June 2017. This is working as a basic market structure for the Ethereum’s price action. Once this support will be broken down then the market structure of Ethereum will be destructed and we can have very strong bearish move by the Ethereum’s price action. We have even that the price of a Ethereum has even hit spike beyond $90. For example in December 2018 the priceline has hit up to $80.60 but retraced back. And we don’t have even a single candlestick that is opened and closed below the support level of $90.
Formation of descending triangle:
On the weekly chart we can also notice that the price line is caught in descending triangle. The support of this triangle is the same as we have the long term support of $90. The priceline entered in this triangle in December 2018 and after hitting the support turned very strong bullish and produced more than 355% profit. And after June 2019 the priceline dropped down again up to December 2019. But this time the priceline did not hit at the support of this triangle. Because
Now the question can come it mind that why the priceline hits at the support in December 2018 but why did not hit at the support in the December 2019. The answer is that if we see in December 2018 then lower bands of the Bollinger bands was even below the support level therefore the price line had the capacity to move upto the support of the triangle. But in December 2019 we can see that the lower bands of the bollinger bands was above the support of the triangle therefore it played the role as a strong hurdle for the price action and stopped the priceline to reach up to the support. And this time in March 2020 we can again see that bollinger bands was moving with the support of the triangle therefore the price line had the capacity to reach up to the support and on the candlestick of 9th March 2020 we have seen that the priceline has reached the support of the at $90 and now turning bullish again.
Here I have also placed the volume profile on the complete price action moving within this triangle and as result we can see that the trader’s interest is very low below $106. Its mean that the traders are less interested in trading close to the support of the triangle therefore we can expect an upwards move very soon. And the point of control of the volume profile is at $134 it can also help the price line to move up because the priceline always moves around the point of control.
Bullish Gartley move:
Now I would like to divert your attention towards the harmonic move of the Ethereum that I have been showing in my previous posts and that the Ethereum has formed a very big bullish Gartly pattern on monthly chart. And this recent strong bearish move has helped the price action to complete the final leg of this pattern. The current candlestick on monthly chart has moved even below the potential revesal zone of this bullish Gartley. But until we will not have any candlestick that would be completely opened and closed below this PRZ level this Gartley pattern will be valid. And according to this pattern the buying in sell ranges should be as below:
Buy between: $ 189.05 to $ 141.35
Sell between: $ 225.63 to $ 316.03
So if the Ethereum will hit the maximum target then it can be more than 146% move. But if the priceline will cross up the maximum targets then it can turn more bullish.
Conclusion:
After hitting the strongest support of $90 there are strong chances that Ethereum will turn more bullish and this support will be saved.
The short-term support of $122 is also saved now the price line can move up to make another attempt to break out the the triangle’s resistance very on long term weekly chart.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
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.
ETHEREUM / U.S. DOLLAR (ETHUSD) DailyDates in the future with the highest probability for price direction reversals
