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Etherium

#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..ETH broke out and retested perfectly. Looking at the daily chart, It seems the market is ready to pump from here. DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend. All we need is daily to close with a beautiful hammer. The potential target for the pattern will be somewhere around $4k. Suggested the best buying range around this level in my last chart. SUGGESTED ACTION:- Although you should always DYOR, This is what I will do, Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to $2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily. SL:- I will close my long in case we break and close below $2677. This is a good trade setup giving us 1:8+ RR which is amazing. INVALIDATION:- Close below the black support trendline will invalidate the chart. Let me know what you think. DO hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
4
#ETHUSDT This will trigger a rally towards $4k...The best buying signal was provided around $2600 level where we bought and are still holding. ETH broke out and retested perfectly. ETH is looking way better than BTC atm. Already broke above the 50 D MA which is a bullish indication. Close above the 21 MA would trigger a rally towards $in 4k. Invalidation:- A daily close below $2878 Let me know what you think. Do hit the like button if you want me to post these short updates. Follow me for more Thank you #PEACE
Long
by Cryptorphic
13
ETH - CYPHER HARMONIC PATTERN?Hey guys, hope everyone is good. I have something new here, a HARMONIC PATTERN Harmonic patterns involve more than just geometric shapes. They also follow strict "rules" measured by FIBONACCI LEVELS There are several types of harmonic patterns including Gartley, Butterfly, Bat, Cypher, 3 Drives, Crab, and more. This particular pattern is called the CYPHER PATTERN It is a REVERSAL PATTERN and usually occurs near strong trend reversals. It's said that CYPHER PATTERNS have a higher success rate than any other HARMONIC PATTERNS but are rarely found on the charts. The CYPHER PATTERN can be bullish, or bearish. The pattern in this chart is considered a bullish pattern. The buy order should be at point "D" with a stop loss below point "X" As I mentioned above, There are "rules" (requirements) that need to be met in order for the CYPHER PATTERN to be considered VALID . X-A > Line X-A is an IMPULSE LEG A-B > Line A-B is a RETRACEMENT of line X-A. It MUST retrace to 0.382-0.618 (candle close) B-C > Line B-C is another leg up. "C" MUST end up between the 1.272-1.414 FIBONACCI EXTENSION LEVEL of impulse leg (LINE X-A) C-D > Line C-D is a RETRACEMENT of X to C. Line C-D MUST touch the 0.786 RETRACEMENT LEVEL The chart shows a possible CYPHER PATTERN trade setup. Lines X-A, A-B, and B-C are all VALID, therefore IF line C-D touches the 0.786 RETRACEMENT OF X to C, we should have a high risk/reward trade setup. For this to be considered a VALID HARMONIC PATTERN, all of the "rules" above MUST be met. So far, the first 3 rules have been met. The only thing that is required now is for ETH to retrace to the 0.786 of X-C which is between $2200 - $2300 If the pattern CONFIRMS to be VALID, the TARGET is set at the 0.382 RETRACEMENT of X to C which is approximately $3700 (A potential gain of around $1500) Stop loss order just below "X" ($1690) If ETH does NOT retrace to the 0.786 of X to C, The pattern is INVALID . Because of the strict requirements for the CYPHER PATTERN and other HARMONIC PATTERNS, they do not occur as often as other chart patterns. TO BE CLEAR, THIS IS A POSITION "NEUTRAL" CHART. IT IS AN ANALYSIS & TUTORIAL. ETHERIUM WOULD HAVE TO DROP TO $2230 FOR THIS IDEA TO BECOME VALID. Just sharing some interesting things I've learned and can make use of. Hope you guys like this and find it interesting. If so check out my other Ideas. I'll leave my most recent BTCUSD chart link below. Please LIKE, FOLLOW, SHARE, and COMMENT if you wish. Sometimes I'm busy but I do respond mostly. *** THIS IS NOT INVESTMENT ADVICE This is just an idea and based off of my research and experience learning and trading cryptocurrencies. Always do your own research before trading or investing***
COINBASE:ETHUSD
by Mboersma0324
2
Bitcoin: Running Wedge coming up ??Possible Running Wedge, if so the target could be 70,000 for this summer There, we would be in the selling zone, if a break up above 70k is confirmed, a new bullish phase could start again, if instead the resistance (the high side of the wedge) is confirmed, the bearish target could be 40,000. It is interesting to note how the dotted trendlines perfectly respect trend breaks and rebounds, first on the upper side and then on the lower side ...... will it be possible to draw another one in the coming months? And guess the exact moment of bullish or bearish breakout? ETH is identical
COINBASE:BTCUSD
by dan68608
Etherium to $3800 or $3000 first?Hello all. Looking at ETHUSD on the daily timeframe we see that etherium is trading inside the (white) ascending symmetrical channel. As we can see etherium is currently facing resistance at the current price level, which in fact is the top of this symmetrical channel at $3300. With the ongoing etherium 2.0 hype, etherium has a greater chance of breaking up towards the $3800 target which is the next resistance. This level is also the measured move target of a symmetrical triangle (not drawn in this chart). However, since etherium is currently sitting at the top of the channel and also the stochastic rsi is in the overbought territory, there is a small but bossible chance that we can retest the bottom of the channel, and the psychological $3000 level. I am bullish on etherium as long as the price trades above the 50 and 200 day EMA's. Thanks for reading, and stay tuned. Enjoy.
COINBASE:ETHUSD
by EdgarTigranyan
3