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Ethlongsetup

ETH Has Formed A Massive Cup & Handle - Possible $2K TargetSo after the ascending triangle breakdown we still have hope for a spectacular move up for ETH. If you zoom out to the weekly time frame you will notice that a GIANT cup and handle pattern has formed. We just experienced a classic 30% correction forming the handle portion. Macro target for profit taking is just above $2K as this will be a quick move over the coming days, as I see a $450B-$470B market cap for Alts incoming. Of course we will have to monitor BTC just to make sure it doesn't spoil the fun; however I see BTC hitting $46-$47K over the next 4-5 days. Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
KRAKEN:ETHUSDLong
by CryptoDude79
2
ETH - Potential Cup & Handle FormingHope you enjoy my analysis. I believe we are seeing a multi-week cup & handle forming on the weekly chart. There's a chance for more downside (forming on the handle, to complete the continuation pattern), before moving upwards towards 1400 (previous All time High and resistance area). Next area of interest would be ~1700$ "As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities."
BITFLYER:ETHUSD
by TheTraderAndy
ETHUSD - Crushing another weekly resistance It looks like ETHUSD is going to print the second weekly chad candle in row. Currently it's trying to hold above $377 support (S/R flip). Continue to buying dips. Wick below $380 looks like a decent buying level. Close above Daily/weekly resistance will be ultimately bullish for eth. Next HTF target is $425. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
Long
by Bitduke
ETH/BTC Long Scenario -- 12%/35%/55%Technical Analysis: Bullish moment coming off a double bottom looks to continue for up to a 55% gain. ETH completed a 30% double bottom, wicking as low as 0.01614 and then hit the double bottom target of 0.02852 in a 72.5% up swing. The price has since retraced now looks to primed to move 12.65% upward to retest .02852 at target price #1 and form cup an handle pattern. Upon breaking the neckline look for a move to target #2 at 0.03431, which is 35.31% up and sits just below Fib and previous resistance levels. Target 3 at .03942 is the target for the cup and handle breakout and also sits just shy of Fib and previous resistance. Fundamental Analysis: Defi and ETH 2.0 will drive further demand. ETH is nearing the rollout of the final ETH 2.0 testnet. Once live, Eth will switch from PoW (Proof of Work mining) to PoS (Proof of Stake) which will requiring holding a minimum 32 ETH to become a validator and earn stake rewards on the network. Recent reports reveal that nearly 80% of the total supply of ETH wallets is now being held in wallets containing at least 32 ETH to allows participation in staking rewards once the new ETH 2.0 network goes live.. As the ETH 2.0 comes closer expect more buying pressure and movement out of exchanges as more investors look to participate in earning staking rewards. Additionally, the bloom of DeFi apps requiring ETH as gas and using ETH for various DeFi applications and ERC20 token swaps will further drive further demand. Note: Note Investment advice. Crypto is volatile and market conditions can change rapidly at any moment.
Long
by alexhiggins732
ETHEREUM ($ETH): Can the ETH Whales Pump JK Rowling's Bags?✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- JK Rowling might have been jk when she said she had significant Ethereum holdings, but honestly it is looking like it wouldn't have been such a bad play for her. Ethereum 2.0 news is still rolling out, and price is still trending up. Our last ETH trade worked like gangbusters, so let's stick with what works. Resource: decrypt.co --- 1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe as ETH continues to show strength. 2. With this strategy, we are looking for long setups in a uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color). 3. Right now we are looking for a long entry above the S1 S/R flip with a target of R2. The logic here is that we have been consolidating under R1, so if we finally break R1 then R2 is a logical target. 4. Our stoploss is placed below the S1 cluster with the expectation of that cluster damping any move down. We will exit the position if our stoploss is hit or if Fractal Trend changes color. 5. If we do go lower, we expect a reaction off of S2/S3/S4 as they seem to be quite substantial support levels below us.
by AlphaBotSystem
ETHEREUM ($ETH): ETH 2.0 is on Track, but How About this Uptrend✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Vitalik might have given a little false hope on an ETH 2.0 deadline of July, but the official word is none-the-less that the next phase of Ethereum (ETH / ETHUSD / ETHUSDT / ETHDAI / ETHUSDC) is on track. Ok good, so ETH is on track, but is this uptrend? Let's take a look. Resource: www.coindesk.com --- 1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe despite us seeing bearish short term price action as we continue to consolidate and "roll over." 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua). 3. Right now we are looking for an entry off of S1 with a target of R1 which represents a move above recent highs. 4. If that S1 entry doesn't work, there is another potential entry at S2, although it is unlikely when we arrive at S2 we will still be in a true uptrend via Fractal Trend. 5. Keep in mind that even if we do see a test of the R1 cluster there is a possibility that we will be rejected there or that price will conslidate after breaking that level. In short, the bulls have more than a few things to watch out for here. 6. We will exit our S1 entry if the stop loss is hit or if Fractal Trend signals a downtrend (Maroon bar color) and will no longer be looking for a long entry if Fractal Trend signals a downtrend as stated above. Good luck family!
by AlphaBotSystem
Ethereume WHY buy THE FEAR NOW ($200 ETHUSDT Long) Hello new friend, I know you are a very busy trader and that is why today I will be brief in my analysis of Ethereum. Ethereum is full of potentials in 2020, To show you why buying the fear strategy doesn’t work with ETH/USDT because it works, I will be using a TRADER VIC'S Top/Bottom reversal strategy called 2B pattern strategy also popularly known as “SPRING” by Victor Sperandeo combined with key indicators like Relative Strength index(RSI) and Chart Patterns, this chart analysis will help you identify 3 basic things. Common questions What direction will the BREAKOUT BE from the current consolidation Is ETH currently Bullish or Bearish Trade Entry Point, Stop Loss and Target The Trader Vic’s 2B pattern is a powerful Top/Bottom reversal techniques. In an uptrend, if prices penetrates the previous high but fails to carry through and immediately drops below the previous high, the trend is likely to reverse(this is also true for Downtrends) Using 2B Pattern The above chart illustrates 2B “bearish” reversals on the 1hr Chart (20 March 2020) key Take away when applying this strategy, In a bullish setup New Low * Decent Retracement *Another bar close below Bar 1 low *Mark High of Bar 3. Wait for close above 4 *Long above the High of 4 1HR CHART The above chart shows Trader Vic’s "Bullish” Pattern from ETHUSDT 1hr Chart. ETH/USDT made a new low Observations and Trade setup New low at 174.85 Decent Retracement at 180.64 Another bar close below Bar 1 low 171.84 Mark High of Bar 3, Wait the high of close above 4 long above the high of 4 Target previous swing highs RSI ANALYSIS (1hr chart) A FAILURE SWING BOTTOM The RSI on the above chart shows ETHUSDT that RSI crossed ito the oversold territory (Below 30% on 20 April 2020) RSI also crossed back above 30% on the 21 April 2020, RSi formed another dip without crossing back into the oversold zone RSI on the same 21 April breaks its most recent high signaling bullish Thank you reading, Don't for get to like and comment your opinion .
Long
by MachiavelliTrader
1
ETHUSD Ascending Triangle Breaking Out - Good Long OpportunityBTC broke out yesterday and now ETH is showing strength. In the run of 2020 ETH was the leader of the movement (ETHBTC rising), but this time BTC broke out earlier. So usually I'm betting on the stronger USD pair, but it's not clear yet if ETH or BTC will be stronger. ETHBTC went sideways for the past 7 days and didn't look strong, but managed to pump within the last two 4-hour candles. That means ETHUSD is catching up, while BTC is resting. I'm long since 231 but increased my position at 236. Will take profits at 245-255. Current SL is 226.
BITMEX:ETHUSD.PLong
by Silbert