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Ethforecast

ETH chart on 1W Time FrameLooking ETH here bouncing on support for a second time . If ETH does not manage to hold this level I will be expecting a retracement back to $1,710 - $1,800 . And if it gets worst I will be expecting a bounce around the first blue box of support around the $1,000 - $1,300 . If we fail to support that area my guess its that we will be going more down very hard and fast . Now lets see a more bullish scenario on ETH . Lets consider that we will hold this level and bounce , In this case I would expect a pump to retest $3,200 and then $3,500 - $3,600 . Moreover, in the case we get even more bullish , we could visit $4,000 and more levels as we go up . NOTE : I would NOT enter very big longs or shorts positions , as taking into consideration the current geopolitical factors affecting the markets there is uncertainty and too much volatility when it comes to moving . So be careful and consider using stop loss. DONT TRADE WHAT YOU CANT AFFORD TO LOSE !
COINBASE:ETHUSD
by Trader_Sentinel
ETH/USDT 4HOUR UPDATE BY CRYPTOSADERSWelcome to this quick ETH/USDT analysis. I have tried my best to bring the best possible outcome in this chart. ETH/USDT look bullish and as I told in bitcoin that bitcoin can bounce you if bitcoin bounces then ETH/USDT can also bounce from here as well as old coin of USDT pair can also be pumped ENTRY:-$2440,$2542 TARGET:-$2638 $2771 $2872 $2997 $3174 STOPLOSS:-$2238 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section.
Long
by CryptoSanders9563
2
Ethereum Update!Little Update on our recent ETH TA like we somewhat expected we saw a rejection off of the top of this triangle that we have respected during our whole time trading within it, now theres definitely some good reason behind this rejection we have multiple layers of resistance all at the same level, first of all the top of the triangle itself, the 50 day EMA, the 0.6 FIB level are all strong points of resistance. Now on the other hand we could most definitely see a bounce off of our current spot we are sitting now we have multiple layers of support, The 20 day EMA, checked out the bollinger bands and our midline lines up perfectly with the 20 day EMA, we have the pivot point which is a pretty crucial area. Now if by chance we do see a drop below the teal pivot point tonight for our daily close, this could definitely trigger a slip to the downside which is not ideal for us trying to regain an uptrend, as far as support below our current level we have the bottom of the triangle itself, support at the top of the descending channel, and 2 additional layers of support just below the bottom of the triangle. So if we do see a downside i think it will be pretty quick for us seeing a rebound, now a likely scenario would be a false breakout to catch traders. this would look something like a break and close out of the bottom of the triangle making traders scream SHORT, before then catching support and regaining the triangle itself and likely a move to the topside, the market movers love false breakouts because it liquidates many traders. Forgot to mention but we have very solid support at the 0.786 FIB level which is also the S1 Support, so if we we're too look for a trade i would say an entry at the .786 FIB, little generous stop loss and a take profit around 2800$ (USD)! Now for the Squeeze momentum indicator we have what looks like the last stride of red (bearish) movement, we have seen a steady decrease in the red bars day after day showing bearish momentum fading away, now what we are looking for is potentially another red bar (decreased from today) before then pushing above the midline into bullish zone. The black crosses represent the bullish/bearish squeeze and when those crosses turn white that represents the squeeze release, which is the explosive part of this indicator! To see this for yourself backtest and line up the white crosses to price action itself! Not financial advice just my opinion!
KRAKEN:ETHUSD
by JacobR905
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT 1 day analysis in the chart I have tried my best to bring the best possible outcome in this chart. hello folks Looking at eth/USDT it looks like the bubble top pattern created earlier may bounce back to the first double top so I can go to $3161k and $3418k from here and back to $3100k for a retest. bounce back as $5500k, This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
2
Ethereum Breakout Coming Soon!!?Ethereum is on the verge of a potential breakout of this triangle, we have wicked up and above for the first time but have since came back down to just below the top. The very good news is that we are looking like we may see a daily close above the 0.6 FIB level and yesterday we had a daily close above the daily pivot point (teal) both of these are very bullish signs, now keep in mind it doesn't necessarily confirm a bullish move but we are heading in the right direction! Not even too mention the bullish breakout of the descending channel, we briefly broke out a couple times before and have fallen back in but this time could be the real deal, we will have to wait and see. Looking at our RSI we are seeing yet another very good sign, we have taken back the midline, by being and remaining above this midline it confirms an uptrend if we can hold it, falling back below will keep us in a confirmed downtrend, ideally we do want to see more upside for price action and the RSI so we can get that yellow SMA above the midline aswell for additional support! Now the Stoch RSI has rebounded very fast and is coming up shortly on the overbought zone, now this could be a sign for a little cooloff once we do reach this level but the most important thing is for the RSI to remain above that midline! Not financial advice just my opinion!
KRAKEN:ETHUSD
by JacobR905
ETH/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis. I have tried my best to bring the best possible outcome in this chart. ETH/USDT is also conformed to a falling wedge pattern as I have seen in the 1-hour update Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section.
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDER Welcome to this quick ETH/USDT analysis. I have tried my best to bring the best possible outcome in this chart. ETH/USDT Just as I have seen BTC making a 1hour inverse head and shoulders, I think eth /USDT is also making a 1-hour inverse head and shoulders and that means dumps will happen once and as we mentioned in bitcoin . have done Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section.
by CryptoSanders9563
ETH/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis. I have tried my best to bring the best possible outcome in this chart. ETH/USDT Just as I have seen BTC making a 1hour inverse head and shoulders, I think eth /USDT is also making a 1-hour inverse head and shoulders and that means dumps will happen once and as we mentioned in bitcoin. have done Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section.
by CryptoSanders9563
2
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis. I have tried my best to bring the best possible outcome in this chart. ETH/USDT look bullish and as I told in bitcoin that bitcoin can bounce you if bitcoin bounces then ETH/USDT can also bounce from here as well as old coin of USDT pair can also be pumped Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. THANK YOU.
by CryptoSanders9563
Ethereum was created to compromise bitcoin endlesslySome guy drives up to a shepherd tending a flock of sheep in a car, leans out of the window and says: - If I tell you how many sheep you have in your flock, will you give me one? The slightly surprised shepherd replies: - Of course, why not. Then the type takes out a laptop, connects it to a mobile phone, connects to the Internet, goes to the NASA website, selects a GPS satellite connection, finds out the exact coordinates of the place where he is, and sends them to another NASA satellite, which scans this area and produces a photo with super high resolution. Then this type sends the image to one of the laboratories in Hamburg, which in a few seconds sends him an Email confirming that the image has been processed and the received data is stored in the database. Through ODBC, it connects to the MySQL database, copies the data to an Excel spreadsheet, and starts calculating. In a few minutes he gets the result and prints out 150 pages in color on his miniature printer. Finally he says to the shepherd: – You have 1586 sheep in your herd. - Exactly! That's how many sheep I have in my herd. Well, choose. Type chooses one and loads it into the trunk. And then the shepherd said to him: - Listen, if I guess who you are, will you return it to me? After some thought, the guy says: - Come on. The shepherd unexpectedly gives out: - You work as a consultant. - It's true, damn it! And how did you guess? It was easy to do - the shepherd says. - You showed up when no one called you, you want to get paid for answering a question I already know, to a question no one asked you, and besides, you don’t know a damn thing about my work. So give back my dog.
Short
by tradephenomena
1
Ethereum Due For a Climb Up!!?Ethereums been getting beaten down recently following Bitcoins lead and we have been trading within a descending channel like we talked about last time, we had a brief fall out of this channel but have since recovered after finding support at the 0.786 FIB level, we have also regained obvious support at the 2618$ level. We have fallen out the downside of our Bullish pennant but definitely still have the chance to regain it in the coming days. Personally i believe Ethereum is due for a very solid move to the upside sooner than later, one reason is because of the sheer downside we have seen recently, we have had quite the correction overall and an upswing is overdue. Now lets get into some better points of why i think we are due for an upswing, the mean reversion channel if you notice to the left we had a decent period of us being in the oversold area, now after backchecking this indicator we have not seen an oversold moment since earlier into 2020!!! This gives me good reason to believe a grind back upto our mean at 3850$ is overdue. Now if we also look at the RSI we notice on here aswell we were strongly oversold, we have since recovered a little bit and have some nice support below us coming from the yellow simple moving average! The whole goal here overall is too make our way back up and above the midline, this would be very key as we could regain a confirmed uptrend! However when we look at the Wavetrend this makes me feel like we could see either a little sideways movement or a possible little drop before we move back up. We are currently sitting at strong resistance where we are beginning to curl, if we can't break through here a little downside is likely, but we just came out of the buy zone which is a bullish sign so i think if we do fall down a little bit more we could likely see a quicker reversal off the second support i have drawn! Overall still bullish on Ethereum in the short term but especially the long term! Will Update going forward! Not financial advice just my opinion!
KRAKEN:ETHUSDLong
by JacobR905
Ethereum Bullish Pennant!Ethereum is following the price action of BTC very closely but instead of a bullish triangle like BTC we are currently trading inside of a bullish pennant! ETH is making some nice gains the past week moving up day by day slowly but surely and we are coming up on some important levels, first off for resistance we are looking at the bollinger bands, ideally a break above the midline would be very key as it opens the door for a run for the top band, where like yall know we could see some explosive price action! Next level of resistance we are facing is the 0.6 FIB level at 2920$, this is definitely going to be a strong level of resistance and we haven't tested it much recently so there is a for sure chance we get rejected right away, but theres also the chance momentum picks up and we smash through, just like how we saw on the drop and fall below recently. We are also going to have some decent resistance coming from the midpoint on the descending channel and finally the goal and target would be a breakthrough the top of this pennant, we have some work to do before getting there but we have seen it happen time and time again, just a matter of time. Now the RSI is looking good we made a strong push up from the oversold zone, we are currently trending down slightly but we could be in for a bounce in the coming days, the key here is getting above that midline to get us back into a confirmed uptrend! Now the MACD, we are looking great here, we are seeing a steady rise on the histogram with our green bars growing each day showing us that rise in bullish momentum and also we have nice separation within the MA's this is key because having bigger space between the blue and orange makes it more difficult for the bears to trigger a bearish cross. Now the goal with the MACD is too just keep moving exactly how it is, climbing MA's and also that rise in green bars day after day, if the histogram starts moving flat or decreasing the chances of this current bull MACD cycle coming to an end is higher! Not financial advice just my opinion!
KRAKEN:ETHUSDLong
by JacobR905
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis. I have tried my best to bring the best possible outcome in this chart. ETH/USDT look bullish and as i told in bitcoin that bitcoin can bounce you if bitcoin bounces then ETH/USDT can also bounce from here as well as old coin of USDT pair can also be pumped Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. THANK YOU.
by CryptoSanders9563
2