Buying Ethereum at current support.Ethereum - 24h expiry - We look to Buy at 1845 (stop at 1805)
We look to trade the current range.
Price action continued to range between key support & resistance (1840 - 1920) and we expect this to continue.
Bespoke support is located at 1840.
We look to buy dips.
Expect trading to remain mixed and volatile.
Our profit targets will be 1945 and 1965
Resistance: 1863 / 1880 / 1900
Support: 1840 / 1825 / 1800
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Ethlong
ETH Correction Phase after Bear Rally: Is it Sustainable? I want to discuss Ethereum (ETH) and the possibility of a correction phase following its recent bear rally, with a new target of $2000. However, it is crucial to approach this potential development cautiously and consider the sustainability of any price changes.
As many of you know, ETH has experienced a remarkable surge in value over the past few months, reaching unprecedented heights. This impressive rally has undoubtedly captured traders' attention seeking lucrative opportunities within the cryptocurrency space. However, it is essential to remember that markets are inherently volatile, and what goes up must eventually come down.
While a correction phase may be imminent for ETH, assessing the sustainability of any potential price changes is essential. Market dynamics, investor sentiment, and external factors can all influence the direction of cryptocurrencies, making it difficult to predict their long-term behavior accurately. Therefore, it is crucial to exercise caution and approach the situation with a measured perspective.
Considering the potential for a correction phase, evaluating your current positions in ETH may be prudent. Diversification is vital in any investment strategy, and adding a few positions in ETH could be careful. However, it is equally important to carefully manage risk and only allocate what you are comfortable with, as the market's unpredictability remains a significant factor.
As always, I encourage you to conduct thorough research, stay updated with market news, and consult with trusted advisors before making any investment decisions. The cryptocurrency market is known for its volatility, and it is essential to remain vigilant and informed.
In summary, while the possibility of a correction phase looms over ETH after its recent bear rally, it is crucial to approach the situation with caution. The sustainability of any price changes is uncertain, and it is essential to evaluate your current positions and consider diversification. Remember to manage risk prudently and make informed decisions based on reliable information.
WTC getting Buyer Interest hereWTC getting Buyer Interest here
WTC breakout Falling wedge and also getting support as well
ETHUSDT reaches a solid support level! 🚀🚀🚀📍 Hello traders, today we are looking at BINANCE:ETHUSD 1h chart in order to identify what is happening to CRYPTOCAP:ETH right now. It seems that CRYPTOCAP:ETH , after a considerable drop, has entered a strong support level right now. This level is at $1865 as you can see in the chart.
📍 Trading at $1875 is happening right now which is exactly below our support. This means that we are going to see the price moving upwards and check again when it will reach the first resistance of $1906.
✔ Recommended trading strategy : As we have entered the support level of $1865, which was a solid support level in previous periods as well, I assume that the price is going to grow more, moving inside the regression channel till it reaches resistance level 1. If this happens fast we have a potential to reach the 2nd resistance level which is at 1936.
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Get ready to buy the Ethereum dip againEth is inside a large rising wedge which is a reversal pattern, however we can see from hourly moving averages the trend is clearly bullish. Weekly charts are also showing we are in a bull market now. So i'm only interested in buying dips.
I expect a fake break of this wedge pattern soon which will be another great opportunity to add to Eth longs before moving up to re-test the highs again
Dego Performing Falling wedge Dego Looks Good recently DEFI project get good move soon Dego can move Hard
HOW TO IDENTIFY A FALLING WEDGE PATTERN
The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration.
The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend.
Continuation or (Reversal) Pattern:
Identify an uptrend or (downtrend)
Link lower highs and lower lows using a trend line. The two lines will slope downwards and converge
Look for divergence between price and an oscillator like the RSI or stochastic indicator
Oversold signal can be confirmed by other technical tools like oscillators
Look for break above resistance for a long entry
IRIS Looks Good with Falling Wedge IRIS Looks Good On Support area with Falling Wedge Keep eye on it
HOW TO IDENTIFY A FALLING WEDGE PATTERN
The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration.
The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend.
Continuation or (Reversal) Pattern:
Identify an uptrend or (downtrend)
Link lower highs and lower lows using a trend line. The two lines will slope downwards and converge
Look for divergence between price and an oscillator like the RSI or stochastic indicator
Oversold signal can be confirmed by other technical tools like oscillators
Look for break above resistance for a long entry
Key points to remember:
Identification of the trend is crucial
Both continuation and reversal scenarios are inherently bullish
Both patterns present favourable risk to reward ratios as they generally precede big moves
Ocean Performig bull flag pattern
What is a bull flag?
How to identify a bullish flag on forex charts
Bull flag trading strategy
How reliable is the bull flag?
Bull flag vs bear flag
HOW TO IDENTIFY A BULLISH FLAG ON Crypto Charts
It can be complex identifying a bull flag on a chart because the pattern entails several different components. Traders will need to correctly identify and understand these components to trade this pattern successfully. Key things to look out for when trading the bull flag pattern are:
Preceding uptrend (flag pole)
Identify downward sloping consolidation (bull flag)
If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, the retracement ends at less than 38% of the original trend
Enter at bottom of the flag or on the breakout above the high of the upper channel boundary
Look for price to break higher with a length potentially equal to the size of the flag pole
BCH Performing SYMMETRICAL TRIANGLES BINANCE:BCHUSD.P
To trade symmetrical triangle patterns, a breakout is very important.
Wait for confirmation of a breakout candle . It should close below or above on either the support line or resistance line.
After the break, price is likely to move at least the same distance as the one it covered during the formation of the pattern after the break.
Ethereum -> Better Than Bitcoin?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so there is a chance that from here we will start the next crypto bullrun.
The weekly timeframe on Ethereum is clearly bullish with Ethereum trading in a decent rising channel and now sitting at the support trendline so I simply do expect a weekly push higher.
But as you can currently see, the daily timeframe on Ethereum is not looking that strong at all - therefore I am waiting for Ethereum to break above the daily $1950 resistance level and then we are also back to a daily bullish market.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Inverse Head & Shoulders – Next Stop 2260$
ETH needs to break above the neckline and resistance of 1930 USD.
Today’s (June 30th) daily candle shows a displacement to the upside with volume.
The high volume and the wide price range gives me some confidence that this is a markup and the consolidation phase is finished.
Ideally, we should also get a retest of the 1930 USD level as support.
The target of the Inverse Head and Shoulders is 2260 USD.
Pay attention to the resistance at 2100 USD and maybe take some off the table at that level.
Trade Idea:
Entry: 1930 USD (After retest as support)
SL: 1805
Target: 2260
TP: 2100, 2260 USD.
R: R: 2.6
If you read my previous ETH ideas, you know that I expect more from ETH.
NFA
What do you think? Please share in the comments.
Best Wishes.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) slipped in today’s session, falling below 1,950.
ETH/USD dropped to a bottom at 1,949.15 earlier in the day, less than 24 hours after peaking at 1,974.78.
The world’s second-largest cryptocurrency has since rebounded and is once again closing in on a multi-month high.
ETH bulls will need to take price strength above an upcoming ceiling at the 64.00 zone.
Currently, the RSI has a reading of 62.59, which is its highest level since April 19, when the price was above 2,100.
Some believe that ETH could head back toward this point in the coming weeks.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH - Confluence of Key Levels Before the Big LeapI believe that Ethereum is on the verge of a significant shift, as it has recently exhibited some encouraging trends. Before we embark on the voyage to over $2000, I anticipate ETH to retest a key area where several significant levels converge.
OTE (Optimal Trade Entry): This is a vital area where we may observe intense purchasing pressure, a retest here would afford those who missed the initial move an excellent opportunity.
FVG (Fair Value Gap): After a breakout, ETH tends to retest this region. A retest of the FVG would corroborate the breakout's strength and provide further confirmation for the impending move.
SR (Support/Resistance): Finally, I anticipate a retest of the significant SR area, this is a common occurrence in the market and serves as the ultimate affirmation prior to a significant price movement.
Interestingly, the OTE, FVG, and SR all converge in the same region, this convergence of important levels bolsters its significance and makes it a prime location for potential entry.
In conclusion, despite the fact that I am bullish on ETH and see a potential move to $2000 or more, I believe a retest of this confluence area will provide excellent entry points and add further confirmation to the bullish outlook, always practice risk management and successful trading!
Please note that this is not financial advice, prior to making any investment decisions, you should always conduct your own investigation.
Buying Ethereum at previous key resistance.Ethereum - 24h expiry - We look to Buy at 1912 (stop at 1872)
Daily signals are bullish.
Our bespoke resistance of 1930 has been clearly broken.
Bespoke support is located at 1900.
20 4hour EMA is at 1920.
We look to buy dips.
Our profit targets will be 2012 and 2032
Resistance: 1972 / 2000 / 2050
Support: 1930 / 1900 / 1880
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
#ETH shorter time frame trade setup!ETH shorter time frame trade setup!
ETH breakout this EXPANDING TRIANGLE PATTERN and currently bouncing from this support
LONG
Entry-CMP
SL-1899
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
ETH Price Soaring with Bullish Flag - Time to ConsiderToday, I bring you exciting news: Ethereum (ETH) has shown a remarkable surge, accompanied by a bullish flag pattern that signals a potential upward trend. This is the perfect opportunity to consider adding ETH positions to your portfolio!
Over the past few weeks, ETH has been on an impressive upward trajectory, outperforming numerous other cryptocurrencies. However, what truly sets it apart is the recent formation of a bullish flag pattern. For those unfamiliar, a bullish flag is a technical analysis pattern that indicates a brief consolidation period before a potential continuation of the previous upward trend. This pattern often precedes a significant price surge, making it an exciting time for traders like us.
The recent surge in ETH price, coupled with the bullish flag pattern, suggests that we may be on the cusp of witnessing a substantial rally. As traders, we thrive on identifying such opportunities and capitalizing on them. Therefore, I encourage you to consider adding ETH positions to your trading strategy, taking advantage of this potentially lucrative period.
Here are a few reasons why ETH presents a compelling investment opportunity:
1. Ethereum 2.0 Upgrade: The much-anticipated Ethereum 2.0 upgrade is set to revolutionize the network, enhancing scalability, security, and efficiency. This upgrade has been a long time coming and is expected to attract increased adoption and investment in the Ethereum ecosystem.
2. DeFi Boom: The explosive growth of decentralized finance (DeFi) has driven ETH's recent surge. As the backbone of the DeFi ecosystem, Ethereum has become the go-to platform for innovative financial applications, attracting significant investor interest.
3. Institutional Adoption: The interest and involvement of institutional investors in the crypto space have been steadily increasing. With prominent institutions recognizing the potential of cryptocurrencies, including ETH, we can expect a surge in demand and subsequent price appreciation.
Now is the time to seize the moment and consider adding ETH positions to your trading portfolio. However, as with any investment, conducting thorough research, analyzing market trends, and managing risk is crucial. Stay informed, closely monitor market indicators, and make informed decisions to maximize your potential gains.
Remember, opportunities like these only come knocking sometimes. By staying ahead of the curve and embracing the bullish flag pattern, we position ourselves for potential profits in the ever-evolving world of cryptocurrencies.
So, what are you waiting for? Take action now and consider adding ETH positions to your trading strategy. Take advantage of this exciting opportunity to ride the wave of Ethereum's upward momentum!
Ethereum -> Bullrun Will ContinueHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retested and quite nicely rejected a major weekly resistance zone which was - after the break - turned support at the $1800 level.
You can also see that market structure is still bullish and there is always a higher chance that momentum will continue so Ethereum is not slowing down at all and I simply do expect another bullish impulse to retest the next resistance level at $2100.
On the daily timeframe you can see that Ethereum is currently sitting at the $1920 previous daily resistance but I definitely do expect a break above this zone considering that Friday's candle is showing massive buying pressure and then I am waiting for a retest to then capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Buckle Up for ETHUSD Significant Upside PotentialETHUSD is poised to emulate the trajectory of other major currencies. While BCH led the way and LTC is currently undergoing a similar process, I believe that ETH's upcoming movement will catch everyone off guard. The symmetrical triangle has been decisively broken, with confirmation already on the weekly chart and the price now positioned for takeoff.
Furthermore, it is comfortably ahead of both the 50-day and 200-day moving averages on the weekly chart. Notably, the 50-day moving average has evidently crossed above the 200-day moving average, which bodes well for its prospects. Barring any negative developments in terms of fundamentals, ETH is primed to surge ahead, capturing attention and generating significant interest. The implications for altcoins remain uncertain, although ETH's performance may have a positive influence on them.
So, buckle up and enjoy the exciting journey!