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ETHPERP

Ethereum / US Dollars (ETHUSDT) Short Selling with DCA 19/09/23Technical Analysis: In this analysis, I adopt an all-encompassing approach that melds Fibonacci retracement and extension levels with Fibonacci Projection, confluence analysis, and the MACD indicator, with a distinct short sell bias for the 4 Hour Time frame as requested on the assignment, dated on 15/09/2023, 12:55 pm on LinkedIn message section. Additionally, I'll introduce a strategic Dollar-Cost Averaging (DCA) strategy with two scale-in levels. Please refer to the chart for a comprehensive visual analysis: please zoom out the chart for better comprehension. Key Technical Observations: Fibonacci Levels: My analysis meticulously places Fibonacci retracement and extension and projection levels on the chart, highlighting potential resistance zones and solidifying the short sell bias. MACD Divergence: Vigilance for MACD divergence patterns remains paramount. (Bearish Divergence) accompanied with (Hidden Bearish Divergence) bolsters the short sell bias. Strategic Entry Points: I identify key entry points for initiating short positions, at $1642 Spot Price at the time of publication capitalizing on price movements in harmony with the overall bias. DXY is very much bullish which is an other sign that the Total Crypto Market cap may fall and ultimately BTC will dip to the lower prices the above analysis can show the possibilities of DXY rally Technical Conditions: Take-Profit Levels (TPs): To maximize potential gains from the short sell bias, consider the following TP levels: 1st TP: $1570 2nd TP: $1440 3rd TP: $1260 Dollar-Cost Averaging (DCA): I advocate a DCA strategy for scaling into short positions. Start with a partial position at the initial entry point and progressively adding to the short position at the following DCA scale-in levels: Scale-In Level 1: DCA Price Level 1: $1735 Scale-In Level 2: DCA Price Level 2: $1830 Stop Loss: Prudent risk management includes placing a stop loss at $1945 which is above the 78.6% level of the minor reverse Fibonacci Retracement level, to safeguard against unexpected price reversals. Trading Scenario: Short Sell Bias: Given the confluence of Fibonacci resistance, a bearish and a hidden MACD divergence, and strategic entry points, my analysis strongly favors a short sell bias. Adaptability: Stay adaptable to market conditions, prepared to adjust your strategy in response to any unexpected developments. This analysis is grounded in historical data, technical indicators, and a clear bearish bias, complemented by a DCA strategy with two scale-in levels. As with any trading strategy, it's essential to conduct thorough research, adhere to your trading plan, and continuously refine your approach as we navigate the dynamic cryptocurrency markets. I eagerly await your insights and engaging discussions about this analysis, as we explore opportunities in bullish market scenarios!
Short
by BitonGroup
Ethereum - in 3rd quarter - SHORTI use the wave structure and SMC method to make a judgment of ETH in the third quarter of 2023 as follows: Currently, I see that ETH price has moved from an Rally Phase to a Drop Phase and has retested the target price area with GAP at 20xx. In the 3rd quarter of 2023, the market does not have much good support news for Crypto, I am taking a short-term view for ETH possibly towards the target price area 172x-174x . the next price area is 165x . And the extreme value area is 1400 (in this case, BTC price can drop below 25k and on way to fill the GAP of CME's BTC1 Chart). To sum up, I am giving a view of ETH as going down sharply in the third quarter of 2023. This is my personal opinion and is based on my experience in trading with Smart Money Concepts trading strategy and wave structure. I look forward to receiving your comments with this idea of mine
Short
by khahan18
8
Look at these important levels for ETHA person asked me to give ETH a look, here are my thoughts: The value lines are centers of contraction zones There are quite a few imbalances that could be filled. The zones I marked with circles are points of contraction in momentum, this is often followed by a big move up or down. The recent contraction in momentum happened above a daily value line, which means a long would be taken, for now I wouldn't hop into an ETH trade, but I would wait for either retracement to one of the imbalances or the Bullish Order Block. Make sure to look at momentum at each of these levels, you can make an alert at each price point **TPI FOR ETH** The trend probability for eth is still quite neutral, but we have seen a couple of signals ETH also seems to be flat on its performance, compared to BTC, so you wouldn't be taking on much more risk by swinging longs on ETH than on BTC: Hope this helps a bit
BINANCE:ETHUSD.P
by IkkeOmar
ETH Upward Break Update ( 2 Scenarios )This is an update to my last Ethereum Post. I was off a little on exactly when this was going to pop slightly but eventually did have an upward break! Now we are faced with 2 scenarios that could happen. Currently Ethereum is in an Upward Trending Channel on the 4hr chart and has recently tested the bottom of this channel. Scenario 1: Since price has already broken upward testing and failing at that key level I am looking for a strong retest and bounce back on the trend line. This will determine whether it is going to break down or continue up and hopefully have enough power to go straight through this key level if the bulls really step in. Looking back at Ethereum this key level seems to be a huge resistance level... If we can break this I am confident we will go to the Supply level or even the top of this channel! Scenario 2: Since we have already tested and failed this key level, price can go back down into this trend line failing a retest and is a clear bearish sign. Once it does this it is possible for this to break below its support line and break down into the demand zone testing the bottom of this channel once again. I will look for a retest on the support line once it has broken below then enter my trade. As always trade safe and don't risk too much! Wait for confirmation!!!
by JamminToast
2