Ethereum Attempting to Reclaim SupportThe 3 day chart makes it pretty clear that Ethereum lost support of the previous ATH before the parabolic rally, but it has bounced back above and will attempt to hold it as support.
This is confluent with the Rising Wedge target, so shorts will be taking profits here which means there should be extra help for a bounce.
We need to see decent volume indicating absorption of supply, as well as preferably closing the 3 day on or above the 618 fib from this small move up.
Etheruem
Ethereum Buy a break setup.Ethereum - Intraday - We look to Buy a break of 2283.3 (stop at 2218.9)
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
Dips continue to attract buyers.
1700 has been pivotal.
Our outlook is bullish.
A break of bespoke resistance at 2250, and the move higher is already underway.
Our profit targets will be 2448.8 and 2488.8
Resistance: 2250.0 / 2400.0 / 2500.0
Support: 2150.0 / 2050.0 / 1950.0
ETH Ethereum Channels - Crossing into upper channelEthereum has been following several channels. ETH spent some significant time inside the bottom two channels, and has now entered a new top channel. Will it spend as much time within this upper channel?
If you scroll back you will see this upper 3rd channel lines up with another trend line from months back.
Wanted to share this chart, it may be helpful as a base template for further analysis. There is a major demand zone as well as some resistance zones flipped into key support levels.
$ETC BUY SIGNAL - MOVING MORE THAN ETHA better play off of the ETH move on a longer time frame. ETC has been double and tripling versus ETH's slower than anticipated climb above $2000 and $2500.
Would rather allocate more funds into ETC over ETH for the time being as this weekly trend is a little younger. Better to be a little bit earlier in something that has a higher probability of outsized returns.
Ethereum (ETH) - March 10Hi?
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It remains to be seen if it can rise along the uptrend line (5) and climb to the 1917.39-1997.19 section.
Accordingly, we must see if there is any movement that deviates from the 1598.48-1917.39 range due to volatility around March 15-18.
If it falls, you need to make sure you get support at 1757.79.
If it falls from the 1612.0 point, a short stop loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.
If it falls from 1278.98, you need a Stop Loss to preserve your profit or loss.
If it gains support and moves sideways between 1917.39-1997.19, it is expected to rise towards the 2236.59 point.
It remains to be seen if the OBV indicator in the volume indicator can increase the OBV center line as the green increases.
If the trading volume does not increase, it is highly likely that it will fail to break above the 1997.19 point.
On the CCI-RC indicator, we need to see if the CCI line crosses the EMA line or falls below 100 points.
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(ETH Dominance 1D Chart)
We need to see how we can get support at the MS-Signal line on the 1D chart and rise above 13.272 points.
If the 13.272 point is supported as an important point, further gains are expected.
The next volatility period is around March 15th.
We believe that the rise of ETH dominance leads to the rise of the ETH price.
This suggests that when ETH dominance moves sideways or rises, if ETH price falls, it is a good time to buy.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Ethereum (ETH) - February 11Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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You should watch for any movement that deviates from the 1671.57-1821.59 segment.
If you fall from 1671.57, you can touch the 1446.53-1521.54 area, so you need to trade carefully.
If you decline at 1424.30, you need a short stop loss.
We have to see if the OBV on the volume indicator can touch the 751.494K spot and turn upward.
On the wRSI_SR indicator, the RS line is falling below 50.
As a result, volatility may occur, so careful trading is necessary.
On the CCI-RC indicator, it remains to be seen if the CCI line can rise above the uptrend line drawn and above the EMA line.
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(ETH Dominance (ETH.D) 1D chart)
(eng)
You should watch for any movement that deviates from 14.26-15.02.
If it falls below the 13.27 point, there is a possibility that ETH has lost a lot of power, so a plunge may occur.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
ETHERUEM - You Decide => We Follow!ETHRERUEM has a decision to make. And just like chess, we will wait for it to make the first more, and then act accordingly.
As you can see, ETH is now trading inside these two red trendlines.
We have two possible scenarios:
1- Reversal:
The lower red trendline is already valid (connecting three swings) and our last swing (gray area) is our trigger swing.
So we will be waiting for a momentum candle close below it to sell this one.
Then as it approaches the lower green support zone (900-950), we will be looking for buy setups to form.
2- Continuation:
The upper red trendline is not valid yet, so we will be waiting for a third swing high to form around it (as shown in purple) and then buy on its break upward.
In this case, as it approaches the all-time-high (1350) we will be monitoring price action and decide if we will close our buy and look for sell setups, or keep our buy.
As per my trading style:
When our buy or sell is activated, the stop loss goes beyond the last swing from the other side. and I target double the stop loss size.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETHBTC Inverse Head and ShouldersAs my last idea showed, ETHBTC has bottomed out and we've held the line. It now looks like a potential inverse head and shoulders pattern.
A measured move will take the ratio to at least one of the two targets, assuming the pattern is confirmed with a breakout.
Exciting times for Ethereum!
Ethereum (ETH) - December 14Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We need to get support at the uptrend line (2) and see if it can rise above the uptrend line (4).
Also, if you get support in the 551.19-566.92 range, I think there is a high possibility of further gains.
It remains to be seen if the volatility around December 17th will cause any movement outside the 551.19-628.19 range.
If it falls at 551.19, it is a short-term Stop Loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Two Timeframes and Two Conflicting Ideas for EthereumThere are two conflicting ideas for Ether right now.
The 1 Hr candles (or if you count the wicks on the 4 Hr candles) shows a rising wedge pattern.
This rising wedge is much clearer on BTC which is what leads me to believe it is more likely.
However the 4 Hr candles look like a nice ascending triangle pattern which, if it breaks to the upside should be very bullish .
Wait for the breakout on either side before deciding to buy, HODL, or sell.
ETH/BTC breaking upwardETH is brekaout out of a small hourly consolidation zone and off the parabolic trendline.
Watch for a break of that trendline though, as it will take us back to one of the two lower support zones.
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