ETH ANALYSIS#ETH UPDATE.
#ETH broke above the resistance but could not hold above the blue box area due to selling pressure at the resistance and now it has lost the blue-yellow support on 4H candle.We might see a pullback again if eth could not close above the blue-yellow line.
Etherium
Etherium - how the flat movement will end.The instrument continues to trade in the range min1218 - max1410. At the lower border of the trading range we don't see a pronounced buyer, as well as the lack of supply, this situation makes us wait for the logical completion and exit the flat movement into the trend. Trading inside the channel is possible.
If you like the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy
ETHUSDT - Spring Pivot FormationFor this instrument we see a reversal formation through the claimatic volume.
Subsequently, the stop of the movement through the Spring zero point, which formed the lower boundary of the
boundary of the trading range (ICE). We also observe the primary and secondary test (BTI)
which subsequently breaks through the level without any resistance from the seller.
This formation tells us that the initiative passes from the sellers to the buyers.
After the formation of the upper boundary of the trading range, there is a signal SOT,
This signal indicates that locally the strength of the buyer has decreased.
For further upward movement the chart has left to test the lower border of the trading range.
At this period we expect the resumption of buying with excellent volume, results and progress.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Purrrrrrrfect price action on Etherium!Interesting pattern developing on ETH 1 hour chart... Head and ears pattern?
#ETHUSDT at Decisive Point.#ETHUSDT is dumping right after the merge.
Looking at the chart, ETH is so far trading right above the 100D MA, losing this level could take it to the lower support
levels around 1432 and 1251.
$1251 is a better demand zone IMO. IF IT GETS THERE I WILL BE HAPPY TO OPEN A DECENT LONG.
If you are new to leverage, just avoid it.
The volatility in the market over the last few months has been really very tricky,
People have lost a lot of funds,
I get many DMs about this so better wait for the dust to settle.
There always lies another opportunity.
Do your own research. This is not financial advice.
Do not forget to hit the like button, it helps me to help you.
Thank you
PEACE
ETHUSDT Short Update.100% on track so far as per my previous chart.
What do you expect next?
A little pump towards $1400 followed by a pullback to $1256.
Once we hit the second pivot around $1256 ex [etc a pump towards $1500+.
DYOR, Not financial advice.
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
ETHUSDTETHUSDT hit our last target at $2000. It’s now in downtrend after major resistance from $2000. Its next potential entry zone is around $1215-1290. Confluence of Fibonacci level, trendline, weekly resistance and AB = CD target (at 1215) are making it a strong support zone .
Analysis Criteria:
1. MACD Divergence on 4H
2. Trend line
3. Fibonacci retracement 78%
4. Major Support
5. AB = CD
Buy after confirmation on lower Timeframes.
Happy Trading!
ETH September outlookJust one opinion of many.
Every time it breaks one of those imaginary support lines, Fib levels the more likely it's going to retrace all the way back down into the 1000 area.
If it manages to get above the 0.5 Fib and then above the crucial 1700 level then sunny skies. If it stays below then more gloom and doom towards the 3 digit price levels.
ETHUSDT 3D Where to buy a long position for the medium term?To see the general picture from the ETHUSDT chart, we consider it on a 3-day time frame.
The good news is that during the strong fall in the crypto market in June 2022, ETH buyers managed to keep the price in the liquidity zone of $1000-1250
At this moment there is consolidation and, most likely, a set of long positions in the price range of $1000-1250
Confident long on the ETHUSD trading pair after fixing the price above $1250. Since currently the Ether price cannot be fixed above $1250, there is a possibility of another price correction down to the level of $1100 for Ethereum.
However, the probability of a sharp drop ETHUSDT price below to the $600 area has also greatly decreased.
As it can be seen that in the liquidity zone of $1000-1250 there is a decent fight between buyers and sellers on increased volumes, and currently it looks like the buyers are winning.
The situation on the ETHUSDT chart will start to look bad again if the sellers manage to fix the price below $1,000.
Based on the above, you can try a medium-term trade under the following conditions:
Entrance $1100
Stop $880 (-20%)
Take profit $2024 (+84%)
The profit/loss ratio is 4/1
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
SHORT ETH - Liquidity hunt and fallETH had a massive push to the upside leaving many longs in amazing profits. Leaving behind way to much liquidity the market is happy to just have sitting there. As always the market is ready to come back qnd take the gains you 'thought' you had made!
Massive green vector candles are full of retail traders getting in on the buzz of the upward momentum. The market makers won't allow there buzz to last for ever.
With obvious stop loss points to be hit and euphoric feelings to shayter the market will soon be on its way back down.
ETHUSD ContinuationHi Traders,
ETHUSD has been on a decline since December last year, there has been lots of talk about what we could expect from cryptocurrencies, I just follow what the chart tells me, and We can see that price has come from a nice push to the downside and has now created a small channel on the 30 min timeframe.
Based on the Higher timeframe I am more interested in seeing price break the lows and the following momentum, if we do get a break out above we could see the buys short-lived,
I will be aiming for the lows of 1700. Should the setup play out?
I will be back with more analysis tomorrow.
Renaldo Philander
Etherium: $2000 next according to this pattern.Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of descending symmetrical channel and the price attempting to reach the center of the channel to retest the descending line of support.
The top of this pattern sits at $2000 mark which in addition with the bottom line of the falling wedge pattern (daily timeframe), and the fibonacci retracement golden pocket, is the resistance level of the pattern. This level is also a big psychological level and the level which i believe etherium will retest once again before any further drop down.
Although the current price is below the 4HR 50 EMA and the 4HR Stochastic RSI is in the overbought territory, we can anticipate a 12% move up if the price hits the top of this pattern.
Thanks for reading, and stay tuned. Enjoy.