Ethlongsetup
ETHEREUM IN IRREGULAR CORRECTION - Head and Shoulders formation?Looks like we are in Wave 4 of the 5 wave series for Ethereum A-B-C irregular correction
Macro-level
In a complex A-B-C correction
W(A) is a 3 wave (orange)
W(B) is a 3 wave structure and usually ends above W3 (purple)
Wave(C) is a 5 wave and drastically drops to the start of W(B) or a little lower
If we are in the downward cycle with the changes in the FED and other markers we might see this in an irregular correction to extend for some time.
Micro-level
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1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C)
2) we might see W(2) in W(C) go back up to 3985 mark
3) We see the right shoulder forming now with subwave w(2) and w(3) in wave (C)
Please comment and appreciate your feedback
ETH USD LEVELS LONGGuys, it is easy. I hope you catch the right entry to a long position. I am still long.
ETH EXPECTATION IN THE NEAR FUTURE Technical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
ETH - speculation to go Long on 2D!Provided that today's candle on 2D closes as a pin bar + RSI & RVI bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is an potential price action for local correction that may take up to couple of days to complete. The green rectangle represents a good entry point to go SHORT.
If price action begins to follow the path then two TP may be available for grabs:
1) TP1 at 4390 USD - first level of correction.
2) TP2 at 4570 USD - this is where we have a 61.8% correction on Fib, descending resistance line in purple colour, as well as resistence level based on horizontal volume.
ETH POSSIBLE SCHENARIO#ETH as per previous bull run currently creating a falling wedge and breakout the resistance. The next target we will see nearer to 5500-5700.
As per my analysis with compare to previous bull run drawn into chart.
Nfa , dyor
ETH retest and bulls take overDXY reaching oversold and starting to create a blowoff top. Set up your long trades.
As we don't know how far the DXY will rise, we will enter in 4 positions. Split your investment into 4 and set your limits each 25% of your initial investment.
Trade Management:
First target, we are looking for a bounce back to lower levels. So this time we will close 50% with a sell stop if price rises above target of our position immediately. and scale in if we go back down to increase position size. Will keep you updated when trade is active.
We keep remaining positions and exit 10% each target, looking for new ATH.
SL is not in place until first target met.
Ethereum Update 25/10/21: 44% from the 161.80% fibs @ $5,974Ethereum is currently only 22% away from the price target at the 127.20% fibs @ $5,068 and 44% from the 161.80% fibs @ $5,974...$6k ETH very soon 🎯🔥🚀, Since the buy signal triggered, Ethereum has grown over 30% retesting the ATH on the 21st October @ $4356. From this move ETH has retraced 5% and looks like it is ready for another retest and soon $5,068🎯
Our current ETH price targets from the current price:
127.20% fibs @ $5,068 (22% Gain)
161.80% fibs @ $5,974 (44% Gain)
261.80% fibs @ $8,592 (108% Gain)
423.60% fibs @ $12,828 (210% Gain)
Please see previous analysis below. Happy Trading :)
Update 14/10/21:Ethereum poised for a parabolic run Target @ $5k. A strong Buy signal was triggered on the Daily Chart (10/10/21) with the 13 EMA crossing up above the 50 SMA . We have been very patient with this move as a fake-out looked likely to form, from the current price level ETH is showing a clear breakout above the 78.60% Fibs, currently Ethereum is only 15% away from the ATH price in May @ $4361. This move to the 161.80% looks like it will be a very impulsive wave and may play out in 2 push phases. From the current price ETH is 42% away from the ATH , since the buy signal triggered ETH has grown over 18%+.
Eth pass 4000$ETH weekly candle setup and ema, macds are so good. I think eth breaks all time high at this time
DOUBLE TOP(?) on eth/usdt EthereumPrice is now facing an important resistence and if it will not close above it and it will be rejected,it may confirm a double top pattern once that the price closes below the support level,the price target of the double top pattern in length equals the size of the formation and should find support on the 0,5 fibonacci retracement level and EMA100(here it is possible to open a long position).
In addition RSI is showing a bearish divergence on the daily time frame.
If the double top pattern will be confirmed,the new price target(take profit) for the long position will be 0,236 level of fibonacci retracement.
ETH USDT : Buy Trade setup @ 3161Hello guys, hope you are doing well.
Welcome to today's trade setup as a part of "Aglogains - Daily Trade Series".
As I have mentioned in the previous idea, I was waiting for ETH to close above 3200 and created new highs confirming the continuation of the uptrend.
We were waiting for a buying opportunities at 3160 - 3200.
On the 1H timeframe, we can see a double bottom is formed with a confirmation on the the lower timeframes.
Entry - 3161
Stop-loss - 3110 (51 points)
Take profit - 3240 (80 points)
1:1.57 RISK TO REWARD
Will keep you posted on the progress. Happy trading.
Update: ETHUSD Currently 6% In Profit 12% Target 🎯 Now 44% Update: ETHUSD Currently 6% In Profit 12% Target 🎯 Now 44% in profit from the 13 EMA 50 SMA crossover. Next target @ $3617 and new ATH @ 4804 before October.
ETH USDT : Buy Trade setup @ 2597Hey Guys, hope you are doing well.
Welcome to today's potential trade setup as a part of the "Aglogains - Daily Trade series".
This is a short-term scalping trade. In the 15 minute time frame.
We have seen a pullback to the previous short term resistance level of 2590 - 2600 levels from the recent highs of 2630 -2640
I have an entry after a double bottom was formed, followed by a bullish candle, fulfilling our entry criteria.
Entry - 2597
SL - 2560 (37 points)
TP - 2649 (52 points)
Risk to Reward - 1 : 1.4
Will keep you posted on the progress.
ETH USDT : Buy Trade setup @ 2225Welcome to today's trade setup as a part of "Aglogains - Daily Trade series".
As we have seen yesterday, after breaking the previous highs at 2185 - 2200 levels, there was an explosive move to the upside on ETH yesterday, reaching almost 2400 - 2430 levels.
We have seen the market take a breather after this rally by seeing a slight sell-off causing a pullback to the previous highs that were broken.
My trade setup takes advantage of this key resistance turned support level to look for trading opportunities.
On the 3Hr chart, we see a double bottom forming followed by a bullish candle confirming our entry condition.
Entry - 2225
SL - 2083 (142 points)
TP - 2423 (198 points)
Risk to Reward - 1 : 1.4
Will keep you posted on the progress.
ETH USDT : Buy Trade setup @ 2332As you all are aware ETH recently had a very bullish impulsive move upwards breaking the previous high at 2186
I have covered this in my previous video, I'll attach the link.
As we look at the hourly chart ETH broke above 2340 in its latest move, this led to a sell of and retest of the previous swing low with a deep pullback to 2300-2330 levels.
I'm going to look for buying opportunities at this important level.
Entry - 2332.5
SL - 2265 (67.5 points)
TP - 2425 (95 points)
Risk to Reward - 1 : 1.4
Will keep you posted on the progress.
ETH - Daily chart - Long scenarioLooking if Price will move as marked. (Orange arrow). Where i would enter the long at the cross between the two trendlines and a by then Support area.
Target is based on the next big Resistance area.
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
ETHUSD to 2850Based on breaking the downtrend line, this is my next guess for Ethereum. Not financial advice
ETH/USDT - considerable potential 67% movement after correctionHello, Traders!
The interest in altcoins begins to fall gradually. Traders are progressively fixing their positions in altcoins in favour of BTC, so Bitcoin's dominance begins to increase incrementally.
In such a situation, it is possible to look for ETH purchases on a deep correction, after the stops of aggressive buyers are collected.
It's best to wait for the price to move into the $1960 - $2140 zone and search for buy entry there.
A stop-loss can be placed below the level of $1740.
The targets for such purchases will be
$2488
$2800
$3000
$3200
$3590
Perfect risk/reward ratio of 3.60!
Good luck and watch out for the market!
P.S. This analysis is created for educational purposes and shall not be considered a piece of financial advice
ETHI think ETH should start heading back to $3400 soon. But still kinda risky. I took a long here during the blood bath. Daily must close strong and I will really feel more confident.
