ETHEUR Idea H1Here is my view for ETHEUR on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR
Ethereum - ETHUSD eyes 900 USD and 800 USDToday, Ethereum reached our price target of 1000 USD. We continue to be bearish on ETHUSD. As a result, we would like to set a new price target for ETHUSD at 900 USD and 800 USD.
Illustration 1.01
The above is the link to our previous idea on Ethereum. It contains more details about fundamental factors that cause us to remain bearish on the cryptocurrency market.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is very bearish.
Illustration 1.02
The volume can be observed climbing on the daily time frame; that suggests the selling pressure is increasing.
Technical analysis - weekly time frame
RSI, MACD? Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ethereum - Short term bullish, long term bearishOver the weekend, Ethereum reached our price target and plunged to a new low at 879.80 USD. Similarly to Bitcoin, we are no longer bearish on Ethereum. In all honesty, we are unsure where it is headed next. Although we think the rally might continue a little bit further. Despite that, negative fundamental factors remain in place. The FED is expected to raise interest rates next month and put more pressure on the overall economy. As a result, we speculate that the bottom was not set in for ETHUSD. Therefore, we will monitor the price action closely. At the moment, we abstain from setting a price target for ETHUSD.
Technical analysis - daily time frame
RSI reversed from the oversold zone, hinting at the price bounce. MACD flattens, which is bullish. Stochastic remains bearish. DM+ and DM- are bearish. Overall, the daily time frame is less bearish than a week ago; indeed, we think it suggests the possibility of another “bear market rally”.
Illustration 1.01
Here is the triangle pattern we showed in our previous ideas. We stated that we expected the breakout to the downside. The breakout took place, and Ethereum fell by more than 48%. The declining volume hints at decreasing selling pressure.
Technical analysis - weekly time frame
RSI is oversold. Stochastic and MACD are bearish. DM+ and DM- are also bearish. Overall, the weekly time frame remains bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ethereum - ETHUSD eyes the 1 000 USD price tagOver the weekend, Ethereum broke below the lower bound of the rectangle pattern and passed right through our price targets towards a new low of 1176.70 USD. Despite ETHUSD going far below our price targets, we still maintain a bearish stance on it. As a result, we would like to set a price target for ETHUSD to 1000 USD.
Fundamental factors
During the current week, we expect the FOMC to impact ETHUSD negatively. That is due to higher interest rates and economic tightening. In addition, we also foresee the upcoming cryptocurrency market regulation as very detrimental to the sector.
Illustration 1.01
The picture shows a bearish breakout from the descending triangle.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is very bearish.
Illustration 1.02
A volume tells a story of increasing selling pressure; similarly, like in the case of BTCUSD.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is very bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ethereum EUR Idea H4Here is my view for ETHEUR on H4, The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETH Short-Term Scalp off Strong SupportHere's a short-term scalp opportunity I'm taking on ETH. This is a terrible looking chart, but ETH is down over 50% since its April high without a single bounce. It's hitting a pretty strong support area around $1800. I think we have at least a short-term rally before the Fed's announce in June which will likely be to raise rates again. This will probably lead to further selling off of all the markets, which is why this is a short-term scalp.
However, if this occurs, I think it will be an unbelievable opportunity to scoop up so very cheap ETH before the Merge upgrade in August. Let's not forget that ETH is one of the only deflationary cryptos out there. It has burned 2.3mil ETH (or $4.2bil) since the EIP-1559 launch last August! Looking at the Fib retracement, it may be wishful thinking to hit $2400 but I'm aiming for the .382 level before the announcement. At least this is my game plan.
Ethereum - Descending triangleEthereum appears to be forming a declining triangle. Therefore, we will monitor it closely and wait for the breakout above the upper bound or below the lower bound. We are currently inclined toward the latter scenario, which will see ETHUSD move lower. That is due to our bearish view of the cryptocurrency market. As a result, we would like to set a price target for ETHUSD to 1700 USD and 1650 USD.
Technical analysis - daily time frame
RSI and Stochastic are bearish. MACD is bullish but still in the bearish territory. DM+ and DM- are bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETHEUR Chart H1Here is my view for ETHEUR on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR Chart H1Here is my view for ETHEUR on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR Until the end of NOV 2022the market still ranging until we pass the red resistance line, I think if we get to 3318 we will have a pull back and a pull up towards 4900 until November and by the end of the year we will be on 5k.
Ethereum - ETHUSDT to move lower in tandem with other tokensIn our previous post on Ethereum, we noted that the most prominent foes to ETH were the prospect of higher interest rates in the U.S. and capital rotation into gold from cryptocurrencies. We also noted that we were inclined towards the downside for ETHUSDT; nowadays, we continue to maintain this notion. Because of that, we would like to set a new price target for ETHUSDT to 2500 USD.
Illustration 1.01
Moving averages confirm a bearish consensus for Ethereum.
Technical analysis - daily time frame
RSI, Stochastic, and MACD are bearish. DM+ and DM- are bearish too. ADX increases, which suggests that the bearish trend is gaining momentum. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- performed bearish crossover recently and continue to point towards more weakness. ADX contains a relatively low value. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ethereum Euro Idea H1Here is my view for ETHEUR on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR Idea H1Here is my view for ETHEUR on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR Prediction D1Here is my view for ETHEUR on D1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR Idea H1Here is my view for ETHEUR on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR Idea H1Here is my view for ETHEUR on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Ethereum - Trending sideways like BTCSimilar to Bitcoin, Ethereum also started to move sideways recently. At the moment, it trades near the 3036 USD price tag. Currently, we are neutral on ETH; however, if the general stock market continues lower, we think the odds are inclined more toward the downside than the upside. We also foresee fundamental and technical factors putting pressure on a further rise in cryptocurrencies. Among the most prominent foes to ETH is the prospect of higher interest rates in the U.S. and capital rotation into gold from cryptocurrencies, which we predicted a few months ago.
Technical analysis - daily time frame
RSI has a bearish structure, but it started to flatten recently. MACD performed a crossover below 0 points, further bolstering the bearish case for ETH. Additionally, stochastic oscillates in the bearish zone. DM+ and DM- also show bearish conditions in the market, with ADX suggesting the presence of a weak bearish trend. Overall, the daily time frame is neutral to bearish.
Technical analysis - weekly time frame
RSI continues to develop a medium-term bearish structure. MACD is neutral and Stochastic, too, as both see flattening. DM+ and DM- still point to bearish conditions in the market. However, ADX is very low, indicating that no significant trend is present. Overall, the weekly time frame is neutral.
Illustration 1.01
The picture above shows the weekly RSI and its intact bearish structure.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ethereum Euro Idea H1Here is my view for ETHEUR on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR Idea H1Here is my view for ETHEUR on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Economic Bubbles and EMA 100/200Here is an ETH analysis of the current price drop, and based on the Theory of Financial Bubbles can we spot three bubble ish formations in the past years.
The three points in time this analysis sees are the bubbles in 2018 when the price drop followed by a pump to the upside, not as high as the previous high but this was followed by a drastic drop
The market followed the economic bubble theory with a peak which followed by a price drop, by the time the price started to stabilize itself did investors take profit and the price crashed into a panic sell off.
The second point in time this happened was the start of the Covid pandemic which caused the price to follow this same movement to its low.
Now in 2022 can we see this similar movement where the price has started to drop which will continue downwards and after this initial downtrend will the price pump slightly upwards where investors take profit and after this pump will the price crash. Following the Financial Bubble Theory.
Something we trader also need to take into account which may confirm this analysis is the movement in in EMA 100 which during these three points in time crossed down below the EMA 200.
Entry Price: 3200 USD
Target Price 1: 2500 USD
Target Price 2: 2100 USD
Target Price 3: 1700 USD
When taking this position do we need to focus on the initial drop and when the price pumps upwards do need to take into account for the downwards sloping resistance line, if the price breaks the trend line to the upside is the trend likely to reverse and do a final longer push.
This assumption is less likely to happen, as the general price trend is a take profit zone before the price hits the panic zone and its final drop off.
This is not financial advice.
ETHEUR Prediction H1Here is my view for ETHEUR on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
ETHEUR Prediction H1Here is my view for ETHEUR on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Ethereum Prediction H4Here is my view for ETHEUR on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
