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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
💥ETH All The Way DOWN To $1400 By October 2022? 😨😨😨Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart! I love Ethereum and the possibilities that it brings to our future world. But in this quick analysis, I just want to point out that the last time ETH touched its long-term MA, it didn't reject it, it actually fell through it. Of course past performance is not an indicator of future performance, but humans and particularly traders are very habitual in nature. The main point I want to show here is that if the price gets down near the 150 MA, then please pay attention to price movements as it could indeed fall further. The last time that the price fell through the 150 MA (Sept 2018), the percentage drop from from high to low was 94% over ~340 days. While a +90% drop for ETH seems extreme, we have ALREADY had a 48% drop and there is a possibility in the market that Bitcoin has further to drop which would most likely impact the price of ETH. Thus we could easily see ETH decrease another 25% more from its peak to the 150 MA which would put its price around $1400. And if the past is any indicator, it would fall through the 150 MA instead of rejecting it. My purpose in showing this data is not to be an ETH bear, but to show some clear market facts to help you make some informed future decisions. If you are not already in ETH, then maybe you should consider waiting as more indictors indicate a continued decrease in the ETH price over the long-term. Short-term, we may indeed see a rally, but I don't think the macro economy is ready nor strong enough for a sustained market reversal to a long-term bear market yet. As a side note, I had to use 150 MA instead of the standard 200 MA because the 150 MA gave more history as ETH is relatively new. If you liked this content, please consider subscribing and giving it a Thumbs Up. If you have any feedback or suggestions, please leave a comment below as I answer each comment. Namaste
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BITSTAMP:ETHUSD
by TheUnbounded
86
ETH - what's coming in the near future on 2D?The price has broken the main trend line in blue colour on 2D. The purple horizontal lines are liquidity levels - this is where the price always heads to. Keep this in mind. The price has tested Ichimoku support (red colour line of the light green cloud) couple of times, but did not  break it. Currently the price is moving up either within an ascending wedge between black line and blue trend line OR is moving up within black coloured channel towards liquidity level and BB medium.  The indicators unfortunately are not showing much. Stoch RSI and MACD are only suggesting a prise rise, but are yet to provide a confirmation. Price reversal - I see 3 potential points at this time: 1. At descending trend line in green colour. 2. At liquidity level around 4,010-4,030 USD. 3. At Ichimoku's cloud resistance that coincides with a dotted blue line. In either case, price reversal should be confirmed by a daily candle which closes with a pin bar or bears engulfing pattern + a vertical volume should give us a long green candle on that day - then a price reversal and a drop to 3,195 USD becomes most likely! I will update this ETH analysis as we go along.
INDEX:ETHUSD
by WallStreetFox
ETH > $6000 by Q1 2022Early stages of an ascending triangle formation In 75% of cases, an ascending triangle is a continuation pattern. Confluence 1) Fresh MACD cross below the zero line 2) Bullish MACD histogram with price divergence 3) We are above the 200 day EMA & the 200 day EMA is ascending 4) Price is above the 8-day EMA Entry Everyone should already have ETH in their portfolio Target Base of the triangle = Breakout price target But in reality the moon is the only logical price target PHEMEX:ETHUSD
BITSTAMP:ETHUSDLong
by ante1028
ETH/USDT 1HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary ETH/USDT TREND ANALYSIS We have 2 Downtrend in red color We have 1 internal uptrend in green color The wider the trend the stronger the trend (I use thickness) FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS). Be careful trends need to be modified when broken to the new peaks. The yellow are level that have already been tested I am drawing then just for explanation purposes. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:ETHUSD.P
by husseindergham
A SCENARIO WITH 3 POSSIBILITIES FOR ETH IN SEPTEMBER 2021A SCENARIO WITH 3 POSSIBILITIES FOR ETH IN SEPTEMBER AND OCTOBER In our last analysis scenario on ETH which is published recently, we have considered the possible pull back of ETH from $3600-$3800 zone. In this post, we will have a more detailed look at three possibilities on ETH movements these days. There is a "Bearish Shark Pattern" formation on ETH 4H chart by reaching to $3600 which can have two possibilities: Possibility 1: If the bulls can keep their rally, ETH can breakout the descending channel and face with the trend key resistance at $4000. If successful, then it can continue to hit new targets like $4200 and $4400. Possibility 2: if ETH cannot breakout the descending channel, then faces with a downward pullback to the channel midline. This can be considered as formation of 5-0 bullish pattern which can result in successful breakout from the descending channel in upcoming weeks. This can be more possible as we also predicted in our recently published ETH analysis a possible pullback to accumulation zone. Possibility 3: There is also a possibility of failure of ETH in successful pullback from accumulation zone, and expecting further corrections towards the support zone ($3100-$2900). All these possibilities depend largely on high leveraged position at the major exchanges! Crypto market is highly affected these days by market-making strategies of major exchanges in dealing with high leveraged long and short position! Our overall prediction for ETH in Q4 is bullish, however, September is always the month of unexpected market movements. Have a profitable trade ahead.
by SynchroBitTeam
1
THIS CAN BE THE LAST CHANCE TO BUY ETH BELOW $4K, BUT WHY?ETH has a very dense market movement these days and shows great resistance. Actually, if the leading exchanges don't manipulate the market and let the ETH HODLers and traders do their trade based on the analytics and logical measures, ETH can hit new records. In-chain data of ETH based on IntotheBlock.com analysis are highly in favor of ETH. The successful implementation of London hard fork and its consequences in ETH supply flow and scalability, are all key fundamental points for ETH upcoming bullish rally. In this analysis, we have take the pivot based approach into the consideration as today ETH is performing above its major pivot line in 4H timeframe and could have a successful breakout from Ichimoku cloud. However, there is a dense resistance ahead at the $3350 to $3650 price levels, which we expect result in downward pullback and surf the price down to $3200 (and possibly $3000). If this occurred, we suggest don't get panic and drink a tea! ETH has a great support zone between $3000 and $2880. This can be considered as a buying opportunity as we estimate this level will build a spin for accumulation. September is critical month for ETH to retake its bullish trend, and breaking out the $4k resistance. As ETH is always performing out of expectation (at least in most cases), it can start a quick surging rally to break all resistances ahead! Impossible is nothing .... If this scenario goes well, ETH can show a profitable ROI for its investors in Q4 of 2021 and hit new ATHs. Price levels and targets are marked by horizontal lines. Have a profitable ETH trade ahead.
by SynchroBitTeam
2
Ethereum 40% pump incoming?If we bounce at this level or at the 0.886 FIB level, I think that this has a good chance of playing out. On the way up we could probably retrace 50% and create a right shoulder for something that would look like an inverse head & shoulders. This would take us to the top of the harmonic reversal point. Again, there are lots of IF this than that. So this could be invalidated quickly. We would need to bounce pretty much right about now. If we don't, this pattern is invalidated.
COINBASE:ETHUSDLong
by DavidJDM
5
ETH possibilities. Falling wedge with a rising wedge.We broke down out of a bearish rising wedge and it looks like we are starting to create a bullish falling wedge. Inside we also are creating a bullish harmonic pattern. It is a bit rough so not a clean one but the reversal point is right on the golden 0.618 FIB level for the rising wedge. I think that we should most likely bounce on that level and if we don't break up out of the falling wedge, we could fall lower to the .786 fib level (which actually would hit the target of the rising wedge perfectly). Different possibilities Stay safe out there!
COINBASE:ETHUSDLong
by DavidJDM
Ethereum Bullish ForecastWe have a rising wedge inside of a massive falling wedge. The bullish scenario would be us coming up and touching the trendline finishing off the falling wedge but I think that we could still fall to lower levels that would hit the target of the rising wedge and then come back up. Usually for the price to break a trendline, it starts creating smaller shoulders. This would create a smaller right shoulder and with enough buyers I think that we could see 3k ethereum sometime soon. But again, falling wedges can break both ways but they have a higher chance of breaking up then down. If we break down, we could see a 1k Ethereum as well. A lot also depends on bitcoin, but I think that would be unlikely. Knowing crypto though, it is always a possibility lol.
COINBASE:ETHUSDLong
by DavidJDM
2