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Ethforecast

There are two scenarios a price boost up to USD 800 is expected1st Scenario : The downtrend has ended in the range of 82.07 and the first uptrend wave ended in the range of 366.80 and the corrective movement of this uptrend ended in the range of USD 86 and the uptrend initiated in the third wave. The main highlight is at the bottom of the chart (USD 489 range) The structure of the price increase from USD 368 to USD 489 level was in the form of 3 waves, followed by a 5-wave decline, which indicates the Expanded Flat pattern. Wave iv from point of 3 can be completed in the range of USD 304, we should wait for the uptrend in the 5th wave, which the target in a worst-case will be USD 600 and can be extended up to USD 800 level. 2nd Scenario: If we consider, the 2-year corrective earnings of the range of USD 86, as a completed movement. By counting the increasing price trend of USD 368 to USD 489 in a 5 waves format. In this case, the first uptrend is over, and the price is in a corrective uptrend movement, which due to the first 5 wave fall (wave A), we are expecting further price reductions in the range of 238 to 170 dollars. This range is a very important area, in addition to the Fibonacci ratios, it is overlapping to the downward trend line which has been broken. Conclusion The basis of my movement strategy is as follows: According to the both analyzes; the advent of the uptrend is not doubtful. But there is a scenario of further decline. It is highly recommended to enter long positions, by managing the % 50 of risk and reward logics, in the range of USD 350. In case of further decline up to the range of USD 238, the rest of the positions can be set. Ethereum targets are very high, traders must go long in the fall of the price action. In my opinion, the area of 120 to 130 dollars is a very important price range, and if the price exceeds this range, probably ..............! I hope this never happen...
Long
by NirmataFX
ETH - Interesting imminent movement ahead.In the next few hours we could see some more action in the price than what we have had throughout this beginning of August where the price has been oscillating between lows of $ 350 and reaching over $ 400 on a couple of occasions. If the triangle formation is fulfilled, we could see another impulse in ETH that would oscillate around $ 500, giving us a continuation to the new bullish rally that apparently is in play and that where now in view of 1h we can almost see that the moving averages 100 and 200 are almost very close. This point is a Fibonacci pivot between the $ 625 mark to watch for future long entries. In the event that the price corrects (in daily view it is still oversold) the first levels to consider would be $ 350 and around $ 325, which would allow us a lower price action to increase the purchase while waiting for a better signal. Also in a 4h view we can see that the RSI is descending although this does not mean anything yet about the direction it will take. What is your opinion? Thanks for supporting this idea.
BINANCE:ETHUSD
by harribatu
ETHUSD D1 LONG PRICE ACTION FORECAST So far, Ethereum is one of the leading cryptos that its price action is trading above the 50 EMA and 200MA, fro a definition of an uptrend bias from the book. However, price is under some seller pressure where the correction can take the price to test back the 50EMA in confluence with the support level as a secure zone for demand where bulls are lining up, and this retest could bring the ETH to above de 280$ handle. The order: Type: buy-limit S/L: 265 pips - R:R | 1:2.5 - T/P: aiming towards the resistance from previous high
BITFINEX:ETHUSDLong
by OGFXTRADER
Let's look at ETH!✴️ ETHUSDT Update #Altcoins Let's take a quick look at the Ethereum! ETH tested its symbolic and psychological level of 200 two days ago without managing to exceed it. Since then, ETHUSDT has been evolving between 190 and this level. The Ethereum is now trading above the 195 level which is an important weekly level and above its 4h value zone. The technical situation is negative on the daily and 4h horizon, which does not exclude a retracement. 👉 What can be done? We have two possibilities here guys, the first one, ETH continues its rise and breaks the 200 level, so we will be able to enter on pullback to target 210. This first possibility is risky given the state of the momentum, which is starting to be seriously overbought, so we'll use a 0.5% risk. The second possibility is safer, we will wait until the bottom of the value zone 4 hours before opening the position. Stay safe!
by ArnJuDQ
4
[ETH] - So far, not bad.I was about to publish my ETH idea the other day (red line) although I regretted it and decided to wait to see how the price development happened. Today three days later we can verify that the price, more or less, remains stable within the ascending channel drawn. What to expect next? Buff, so weekend is ahead and we are also giving way to the last week of April, with a lot of relevant dates in the economic calendar, apart from the fact that not very optimistic data regarding transport or employment in global terms are also accumulating, which we will soon see its effects on the price of ETH and all crypto in general. Perhaps another new correction for speculation and fear of what this new system brings us and the human need to continue treating fiat money with the zero importance that it has. If not another new wave of adoption will come soon, in a reasonable interval of time of 2 years, apparently there is still a way to go in the development of the system but it is already latent and at these prices we must take advantage. This idea revolves around the ascending channel, a drawing that in this 4-hour view is not appreciated, although in a larger one it has a steeper inclination. Just an idea, thanks!
by harribatu
ETH (Y20.P2.E8).Macro.Inverted BARR structure approach Hi All, Just keeping it short as the charts tell you the methodology and story. Note: This follows the same path as my BTC Macro chart, this is what I'm seeing play out with ether. ===================================================================================== For the current short time frame level target (details) ===================================================================================== My previous micro level chart Please give me a tick or a like for my efforts, etc. Regards, S.Sari
by ssari
1
ETHUSD Hidden Bullish Divergence On 4Hrly ChartA hidden bullish divergence is forming on the 4hrly chart. If the price maintains bottom of 227-228 max and bounces then this will be in play. Just an observation. Weekdays are still better trading days ever since the crap CME gaps have to get filled for no reason whatsoever. Possibly just to give the manipulators an excuse to dump and liquidate long margin trades or to keep price suppressed. Doing that without any valid reason for it to happen will make their price manipulation appear too obvious. Thats my view on this CME gap issue. Good luck and only trade what you can afford to lose.
BITSTAMP:ETHUSDLong
by mdyassink
ETH (Y20.P2.E4).What Next?Hi All, Continuing on with the previous ETH post but at the micro level. Observations: > Based on my established fib levels, in a channel, we are in an volatile area, just like back in July\August 2019. Why, because we are near major resistance areas of 300 to 310 plus confluence with the 0.382 fib level. Hence push-back is expected. > 300 is a physiological number and will be a strong resistance so expect the 1st attempt to fail > Note how the macro trend line from May, 2018 to the 255 price range acted as a support level in this recent pullback. > Note how I established the trend line resistance of 300 to 310. > Regarding BTC, it also has similar circumstances under the major resistance of 10.5k however 300 for ETH is a major obstacle. > RSI still in bullish formation > As for my macro structure, refer to my previous post and my method of using fib levels in a assumed channel, just like fib. pitchfork tool My thoughts: While BTC consolidates at these areas, as per my chart below, ETH might just reach for the 300 range without major movement from BTC and hence why it will fail. If it was in tangent with BTC breakout movement from this area for the 10500 resistance, ETH would also break the 300 resistance. Hence I expect a drop to the 4 HRLY 21 EMA or the next major support level. Refer to the chart below. *** Note: My point E on the chart is to be ignored. I am not saying it will pullback that low *** This is just to demonstrate fluidity in the price movement. Let me know if this chart makes sense by giving me like as a response please. Regards, S.Sari (for my reference, Macro.charts) BTC consolidation area mirrored ETH pullback area after hitting 300 ETH Macro chart Previous ETH post
Long
by ssari
ETH (Y20.P2.E3).Macro.FormationHi All, While looking into where I should sell ETH by just looking at key support and resistance, mixed with Fibonacci levels, I saw some fluidity in the current price movement and more so in its rhythm. Hence I added the sine wave and to my surprise, it has confluence with the peaks and troughs, as per chart. Hence why I am now thinking my initial target 1 is only half way or so. Right now we are at a major resistance level and I would expect we will take a month or 2 to get past this level. This equates well with BTC and its 10500 resistance range. If we are to assume that BTC target for this run is about 10800 to 11500, then its reasonable to assume ETH will have an larger % increase and that target 2 is reasonable as well. Note: > The pullback is based on target 2 and 0.618 retracement. > The sine rhythm is also occurring with BTC at a micro level. I will hence now see if there is any at the macro level Let me know if this chart makes sense and give me a like as a response please. Regards, S.Sari (for my reference, Master.Macro) WEEKLY chart, with 10, 20, 50, 100 EMA role in the price action 4 HRLY chart indicates key fib levels are respected. 12 HR chart
COINBASE:ETHUSDLong
by ssari
2
ETH (Y20.P1.E17).Macro.Next TargetHi All, In recent past, I made a post on ETH\BTC which has a potential of a massive breakout. Hence I have my eyes on ETH.BTC as well as ETH.USD. ** (Similar to BTC, I believe that ETH is completing its 2nd stage of a 4 stage cycle. Refer to my previous posts about my hypothesis) For now I have the following: > ETH on the daily is in an uptrend > ETH on the lower time frames is in a downtrend. > The 20 and 50 EMA on the lower time frames are my focus. More likely a bounce of the 50 EMA on the daily. > On the daily, I have macd pointing down in convergence with price movement > On the 4 HRLY, I have the macd reversing upwards, however we are still in a downward trend on the lower time frames. We nee to see a higher high before we can make the next call. > However as stated, on the daily, we are still in an uptrend and hence I have ETH half way of an AB=CD move where point C is likely hit at the daily 20 EMA otherwise it would be the 50 EMA on the Daily. Both acceptable as part of the CRADLE zone. ** Note: BTC completed a AB=CD when it hit the 9100 price. Very much like BTC, I believe we are in an accumulation period for ETH. With BTC this price ranges from potentially starting at 7800. But for now, I have 8000 to 8200 price range. Similarly, ETH at this point is 155 to 170, as accumulation BTC has the potential to pull back to 8000 to 8100 range which is still acceptable as part of an uptrend on the daily. Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari /CryptoProspa (for my reference > Master.copy chart) ETH more of a macro view, with the top trend line being the resistance for this stage of the ETH cycle. BTC close up view What do I have at the MACRO level? Refer to my next post coming.
by ssari