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Ethprediction

ETH → Ascending Wedge, Double Top, About to Drop!? Let's Answer.Ethereum has a string of reversal indications that give us a picture of bearish price action. Are these data points enough to enter a short? How do we trade this? 🤔 Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. If the price breaks below the Daily 30EMA and closes a candle with followthrough or a re-test of the 30EMA as resistance, a short entry is justified. Alternatively, if we find support at the 30EMA or get a strong bull bar closing near it's high, it's reasonable to think the price will hit the next resistance target of $2520.00. I would trade small on any long position this late in the trend as it's more likely we're about to enter a trading range or major pullback. 💡 Trade Ideas 💡 Short Entry: $2,150.00 🟥 Stop Loss: $2,250.00 ✅ Take Profit: $1,950.00 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: $2,250.00 🟥 Stop Loss: $2,150.00 ✅ Take Profit: $2,450.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three Pushes up in Bull Trend. 2. Formed Ascending Wedge, Price Fell Out. 3. Potential Double Top, Wait for Break Below 30EMA to Short. 4. If Bounce at Support, Reasonable to Long to Next Resistance. 5. RSI at 55.00 below Moving Average, Indecision. 💰 Trading Tip 💰 Three pushes up, an ascending wedge, and strong resistance alone is not enough justification to enter a reversal trade unless you fade your position (small entries until the reversal happens). It's better to wait for a strong bear bar closing on or near its low below the 30EMA to provide enough probability to justify a reversal trade. Your probability is still inherently low, but catching a trend when it starts gives you more room for reward, that's the tradeoff. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDLong
by TraderEngineering
ETH → Blast to $2,500 then fall to $1,800? Reversal Time Near?Ethereum is far into its bull run from $1,100 to $2,300; with three pushes up and a Weekly RSI near the 70.00 level, and we're near a resistance level. Three initial conditions for a trend change. How do we trade this? 🤔 These conditions are great indicators that we're near the end of the current bull trend, but we don't yet have any confirmation that we're done. We're still in the bull channel, price is above the 30EMA and we're above the Support Zone. We need a break below the Support Zone with a strong bear bar closing on or near its low and the RSI to remain below the moving average. There is a strong possibility that ETH has enough momentum left to hit $2,500, especially if Bitcoin finishes its Measured Move to $46,000 and takes the rest of the crypto market with it. Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold. 💡 Trade Ideas 💡 Short Entry: $2,080.00 🟥 Stop Loss: $2,210.00 ✅ Take Profit: $1,820.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Trend, Bias to Long. 2. Price Remains Above Daily 30EMA 3. Crucial Moment on the Chart. Remain on Sidelines. 4. RSI at 56.00 and below Moving Average, Bias to Short. 5. Reasonable to Short with Confirmation below $2,200. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
ETH Have Another Move Up? This Analysis Provides Some Answers.ETH is marching through its bull channel showing great support at the 30EMA and holding its ground in the resistance zone. It appears the bounce off of support has lost momentum. With Bitcoin also stalling at Weekly Support, it leaves some questions open. How do we trade this? We should be long in a bull trend until we have reason to doubt the trend will continue. We have a strong bull bar off of the 30EMA followed by a doji (indecision bar or trading range bar) and another forming in the current daily candle. Since we're in the resistance zone, it's reasonable to hesitate in entering a long until we see another bounce off of support. Alternatively, we can also wait for a short signal in this zone as we have failed to break above $2,140. Until we see either signal, it's reasonable to wait on the sidelines. Key Points 1. In a Bull Channel, Long Bias. 2. Strong Bull Bar off 30EMA. 3. Price in the Resistance Zone. 4. RSI at 62.00 and Below the Moving Average. 5. Wait for a Sell Signal to Short. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:ETHUSD
by TraderEngineering
ETH Lifetime Analysis - One More Drop Then New All-Time Highs?Ethereum is comfortably above its bear run low of around $850, but are we going to new all-time highs in the short term? I doubt it . Reviewing the lifetime charts for Ethereum and Bitcoin, they both made contact with their lifetime support before hitting new all-time highs. As we can see on this chart, Lifetime Support is at $700, we're a good distance from that price. I believe Bitcoin will suffer the same fate and fall to $20,000 or so before it sees new all-time highs. Ethereum has another support zone around $850, where the last bear run ended. I expect the price to fall at least to $850, maybe $700 before we see the next bull run. ETH will likely follow Bitcoins lead into 2024 after the Bitcoin halving, and we will at least see the next bull run if not new all-time highs. Key Points 1. ETH has not touched Lifetime Support 2. Gap to close to Previous Support 3. Lifetime support around $700 4. RSI near Lifetime Support 5. Look for one more pullback before the bull run. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:ETHUSD
by TraderEngineering
important Trading Insight: Exercise Caution as Momentum FallsRecently, we have observed a notable trend in Ether's Relative Strength Index (RSI), which has consistently exceeded 60. This indicates an overbought condition, suggesting that the asset may be due for a correction or a period of consolidation. Coupled with this, the Moving Average Convergence Divergence (MACD) indicator has shown signs of profitability decline. Furthermore, it is crucial to pay attention to the presence of bullish wicks, which act as support and resistance levels on price charts. These wicks indicate potential reversals or temporary pauses in the prevailing trend. As traders, it is imperative to recognize and respect these levels when making trading decisions. Given these indicators, I encourage you to exercise caution and remain vigilant in your trading activities. It is crucial to reassess your risk management strategies and consider adjusting your positions accordingly. As momentum falls, it becomes increasingly important to focus on preserving capital and minimizing potential losses. While the cryptocurrency market can be highly dynamic and unpredictable, the risk of sudden price swings and market volatility increases during these moments of declining momentum. Therefore, I urge you to approach your trades cautiously and avoid making impulsive decisions based solely on short-term market movements. Remember, successful trading requires discipline, patience, and a well-thought-out strategy. Take the time to thoroughly analyze the market conditions, monitor key indicators, and consider the potential risks before executing any trades. In conclusion, as Ether's RSI surpasses 60, MACD profitability falls, and bullish wicks emerge on the charts, you must be cautious and exercise prudence in your trading decisions. By doing so, you can better protect your capital and navigate the market's uncertainties more effectively.
BITSTAMP:ETHUSD
by bryandowningqln
50d 200d moving cross for ETH as new support level I wanted to share some exciting news: ETHER has just had a popular 50d 200d moving average cross, establishing a new support level. This is great news for us as traders, as it clearly indicates a bullish trend. What's more, the RSI (Relative Strength Index) is currently at an optimal time for entry. This means that now is the perfect time to consider opening a position in ETHER. I know some of you may be hesitant to jump in, but I encourage you to consider taking a position in ETHER. With the recent upward trend and establishing a new support level, there's never been a better time to invest. So, what are you waiting for? Don't miss out on this opportunity to profit from the current market conditions. Take a look at ETHER and consider opening a position today.
BITSTAMP:ETHUSDLong
by bryandowningqln
ETH/USDT - Writing On The Wall? 📉Looking at the $ETH daily chart, things are looking quite bearish.🐻 $700-800 remains our target "bottom" in this range as $ETH just bounced off the downward channel as illustrated. We pointed out a potential crypto dip the other day looking at the $BTC charts, and it seems to be playing out. 🔮 Do you think we get a small relief bounce here on $ETH? Or is it "look out below" until $700-800? 🤔 Either way, we're big HODL buyers at those levels long term. -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
2
ETHERIUM 1HOURLY NEAR FUTURE ANALYSISTechnical Analysis Summary ETH/USDT TREND ANALYSIS We have 2 Downtrend in red color (Internal and Long Term). We have 1 Uptrend in green color Internal Trend (Short term) ) 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). White levels Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
ETHERIUM BIG DUMP EXPECTEDTechnical Analysis Summary ETH/USDT TREND ANALYSIS We have 2 Downtrend in red color (Internal and Long Term). 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). White levels Levels are levels from my past ideas published or levels that were respected from the past. IF THE LAST 1H SUPPORT BROKEN EXPECT BIG DUMP Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
ETHERIUM 4HOURLY NEAR FUTURE ANALYSISTechnical Analysis Summary ETH/USDT TREND ANALYSIS We have 2 Downtrend in red color (Internal and Long Term). We have 1 Uptrend in green color (Internal Trend) 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). White levels Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
ETH - CYPHER HARMONIC PATTERN?Hey guys, hope everyone is good. I have something new here, a HARMONIC PATTERN Harmonic patterns involve more than just geometric shapes. They also follow strict "rules" measured by FIBONACCI LEVELS There are several types of harmonic patterns including Gartley, Butterfly, Bat, Cypher, 3 Drives, Crab, and more. This particular pattern is called the CYPHER PATTERN It is a REVERSAL PATTERN and usually occurs near strong trend reversals. It's said that CYPHER PATTERNS have a higher success rate than any other HARMONIC PATTERNS but are rarely found on the charts. The CYPHER PATTERN can be bullish, or bearish. The pattern in this chart is considered a bullish pattern. The buy order should be at point "D" with a stop loss below point "X" As I mentioned above, There are "rules" (requirements) that need to be met in order for the CYPHER PATTERN to be considered VALID . X-A > Line X-A is an IMPULSE LEG A-B > Line A-B is a RETRACEMENT of line X-A. It MUST retrace to 0.382-0.618 (candle close) B-C > Line B-C is another leg up. "C" MUST end up between the 1.272-1.414 FIBONACCI EXTENSION LEVEL of impulse leg (LINE X-A) C-D > Line C-D is a RETRACEMENT of X to C. Line C-D MUST touch the 0.786 RETRACEMENT LEVEL The chart shows a possible CYPHER PATTERN trade setup. Lines X-A, A-B, and B-C are all VALID, therefore IF line C-D touches the 0.786 RETRACEMENT OF X to C, we should have a high risk/reward trade setup. For this to be considered a VALID HARMONIC PATTERN, all of the "rules" above MUST be met. So far, the first 3 rules have been met. The only thing that is required now is for ETH to retrace to the 0.786 of X-C which is between $2200 - $2300 If the pattern CONFIRMS to be VALID, the TARGET is set at the 0.382 RETRACEMENT of X to C which is approximately $3700 (A potential gain of around $1500) Stop loss order just below "X" ($1690) If ETH does NOT retrace to the 0.786 of X to C, The pattern is INVALID . Because of the strict requirements for the CYPHER PATTERN and other HARMONIC PATTERNS, they do not occur as often as other chart patterns. TO BE CLEAR, THIS IS A POSITION "NEUTRAL" CHART. IT IS AN ANALYSIS & TUTORIAL. ETHERIUM WOULD HAVE TO DROP TO $2230 FOR THIS IDEA TO BECOME VALID. Just sharing some interesting things I've learned and can make use of. Hope you guys like this and find it interesting. If so check out my other Ideas. I'll leave my most recent BTCUSD chart link below. Please LIKE, FOLLOW, SHARE, and COMMENT if you wish. Sometimes I'm busy but I do respond mostly. *** THIS IS NOT INVESTMENT ADVICE This is just an idea and based off of my research and experience learning and trading cryptocurrencies. Always do your own research before trading or investing***
COINBASE:ETHUSD
by Mboersma0324
2
My Prediction On ETH / USDT Timeframe 4HDisclaimer On ! I want To tell you about My Prediction on ETH USDT in 4H Timeframe I see ETH USDT build Symetrical Triangle Chart Pattern In 4H Timeframe i Have 2 plan for this condition : Bullish : i see this ETH USDT Reject On Strong Support 2.576 and the confirmation candle is DOJI , If next Candle he Break on 2.650 GO BUY IT! and you can TP on 2.900 - 2.905 and wait to retest Bearish : In this condition If he Break on Strong Support on 2.450 , wait the retest on 2.515 and go Short Selling and TP on 2.160 ( If you Play Futures ) This is My plan about ETH USDT , I hope We can Sharing On Commentar Collums if you have any ideas About ETH USDT Or any Market Like BTC USDT
by RendyLee
ETHERIUM 4HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary ETH/USDT TREND ANALYSIS We have 1 Uptrend in green color (long term uptrend) We have 1 Downtrend in red color we are currently trying to break. 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). Yellow Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
2