ETHUSDTPlease note that the trend for Ethereum currency is still bearish
and any rise is an opportunity to exit ..
ETHPERP
ETH SHORT 50% of consolidationWe are about to hit the 50% level of the consolidation while the downfall, in many times this is a good entry
eth perp chartnothing much here just made it cause of the 100s of difference between the perp and spot chart. to understand things better you need to checkout my spot chart first
ETHPERP longPrice is within weekly order block coming from past. And tested many times for bounce confirmation. Bottom trend line and the last wick is the liqudity to take. Daily close below OB is the stop trigger. I expect high bounce after cleaning liqudity.
ETH 1H BUYETH 1H support is at ~$1800
Enter 50% at the current price
and try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
ETH 30m BUYETH 30m support is at ~$1840
Enter 50% at the current price
and try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
another short opportunity "for me" the "loser"another short opportunity "for me" the "loser"; do not ever copy- trade
ETH 2H BUYETH 2H support is at ~$3040
Enter 50% at the current price
and try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
ETH heading to 2850ETH is heading lower to 2850-2750 before we see a reaction. Will be waiting for BTC to hit 39k as well. Until then I am sitting cash. There definitely is still a short opportunity here for those willing to take the risk. I will not be. Sitting on stables until we reach demand.
ETH 1D BUYETH 1D support is at ~$2880
Enter 50% here
and try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be $3420, $3880, and $4330
Cheers
ETH 1D BUYETH 1D support is at ~$2850
Enter 50% here
and try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be $3420, $3880, and $4330
Cheers
ETH 4H BUYETH 4H support is at ~$2700
Enter 50% here
and try to set some buy orders near the support zone
If ETH holds above the trendline,
the Take-Profit target would be $3340, $3680, and $3960
Cheers
ETH Overbought - Corrective WaveCrypto markets have seen a nice pump in the past week, but ETH is currently overbought on RSI at the 6H, 4H, 2H and 1H, and has bumped heads with the long downward trendline originating at the start of December.
Medium term this may be the start of a big reversal that sees us heading back up, but in the short term I expect we will see this trendline acting as resistance and ETH to take a breather, stepping back to the 2750-2800 level, which sits between the 0.236 and 0.382 Fib levels.
ETHPERP SHORT ETHPERP SHORT on ETH on BInance
The same pattern like on BTC, If SL will be triggered I have 2nd entry.
LONG 2460 TARGET 4K and aboveare you aware of the 60 days dump cycle? if not google it or tweet, or just open your chart put up a daily time frame or weekly, you will notice that on average there's a 60 dump cycle on crypto. So what now? THAT CYCLE ENDS THIS WEEK AND MY BET IS THIS MIGHT BE A LOCAL BOTTOM. I'm not talking about capitulation which might happen between april and may, remember the sell in may say? So howw do we play this ?
First price is trading above 4hr pivot and 5 hr pivot , in in 2h we'll have the us open. I assulme that you have enough funds to play this so enter now 2 eth position size with stoploss around 1950. I know it's quite a huge stoploss but you have to play it safe. keep that stoploss until 6pm france time could be if we're still trading above pivot you will put your stoploss , i will update about it. so the play is long now but not much just 2 eth, then you'll add on the position in 4 hours;
remember risk managment is key; it's one hing guessing direction, almost everyone does, but actually trading the direction is another pair of shoes; my idea is to run the position up to 20 eth position size but i'll go slow and keep adjusting the stoploss , for now let's start small and go with 2 eth before us open
What ETH needs for an uptrendAfter the recent big dip, many people are looking across the crypto market for signs of strength, to get in on a potential big wave up.
In my opinion the key thing we need to see before anything else is a higher low, and to see how the price action handles a dip at this point. Will price bounce off a new higher low with gusto? Will it create a higher low and consolidate? These are the questions we need to see answered before we can really judge the strength of ETH or the crypto market as a whole.
Ideally bulls would like to see a small dip, followed by a clear pivot and strong persistent positive price action to break through the swing high. This would be a very positive sign that we can drive up toward the next area of potential resistance and beyond.
Until then, this could still be considered a bounce or small correction in the scheme of a large downtrend. Don't count your chicken before they hatch.
ETH short term tradePrice has been consolidating within a range.
The range low has been swept leading price to bounce.
The range high has also been taken out and is failing to push higher.
Price is likely to fall to a LTF demand zone (blue box).
ETH analysisPrice has been consolidating in a LTF range. Lows were swept, price dipped into 2D demand, buyers stepped in. Range high now also taken out.
Bull case - HTF close above range and we will likely push to 2D supply
Bear case - can't hold above range then we will likely revisit lows
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
btc longbtc long market is in downtrend so if we don't break indicated resistance assume a further downtrend. Happy trading
ETHPERP long into short.I think a small bounce towards the next resistance zone, so I'm taking a small long to sell for a short. ETH has been creating lower highs and lower lows for the past couple of days.
I'm only risking 1R both long and short.
ETH long:
Entry: $4085
SL: $4010
TP1: $4290 with 1% risk for 2.73R
After TP I'm going for a short with multiple targets. I expect some wicks towards 4300 in the coming day or two, that would be my entry.
Entry: $4323
SL: $4469
TP1: $4085 with 0,25% risk for 1.64R
TP2: $3932 with 0,25% risk for 2.7R
TP3: $3748 with 0,25% risk for 3.95R
TP4: $3618 with 0,25% risk for 4.84R
ETH - 5-0 Pattern with Reciprocal AB=CD @ 3,760
The final leg of a 5-0 pattern with reciprocal ab=cd. Keep in mind the pattern is still valid up to 61.8% retracement (projected 50%)
Per Scott Carney "Harmonic Trading Vol 2"
"The 5-0 is an incredibly precise pattern that possesses only two numbers – the 50% retracement of the BC leg and the Reciprocal AB=CD Pattern™."
harmonictrader.com
Not financial advice
