Ethereum Bear FlagBeen bearish on the short term for ETH for a while, but looks like a bear flag is cooking up and if so, a good short entry upon break below support @ $1570. Price target would be around $1460
Ethpriceprediction
We Called The ETH Pump!Our RSVP Extractor and Wave Strength Oscillator called these pumps perfectly! We also had a 3D ETH bullish divergence that we posted about a couple weeks ago which played out to a tee! Now I've broken down a Daily ETH chart to share my thoughts on some big support/resistance points to look out for!
1. We have a Daily trend line (red) that has been resistance since Nov 10, 2021 and coincides with the 2325 level
2. There's also major resistance at the 2125 level which coincides with the Daily 200 EMA (teal line) and the horizontal resistance from May this year (pink line)
3. The RSVP Extractor is starting to get overbought so keep watching that for any sell indications (along with the Wave Strength Oscillator)
Since both indicators don't have any strong sell signals yet, I'm expecting a continued push up until the merge to the 2300ish level. If we do pullback from here, there's some good support at 1930 and 1730 respectively.
Please make sure to only trade with what you can afford to lose. This market is extremely volatile and you never want to be caught on the wrong side.
If you have any questions about my TA or the indicators used, please leave a comment below or send me a DM. All of my links are next to my profile pic :)
ETH Long Played Out Perfectly! From our previous idea post, we called ETH continuing the decline to 1046 (which we hit) then bouncing back to 1220 (which we also hit). I'm going to cover my thoughts for the next ETH move and where I think we're going from here!
Based off of our previous analysis, I've been using my RSVP Extractor along with the Stoch RSI, two very power indicators. This, along with some support/resistance lines have allowed us to predict most of these moves. After ETH hit our long target of 1220 we saw another rejection (red shaded area) and I believe we'll hit a short term retracement to 1165 (8h micro support) which is also fueled by the double top on the Stoch RSI. Following this target, I believe we'll see a bounce to retest the resistance near 1220-1270 while ultimately breaking through to our bullish target of 1430. This level will see a lot of resistance as it's also the resistance on the weekly chart as well (1360-1430). Pending any bearish news, I can see this playing out within the next week or two.
If you have any questions about my TA or the indicators used, please comment below or send me a DM :)
We Called The ETH Short!On our last post, we talked about or quick short position on ETH from 1220 and we actually hit our target of 1136! I'm going to cover my next price prediction along with some TA I used and indicators below:
To predict our ETH short, we used the RSVP Extractor and the Stoch RSI along with out support/resistance lines. Based on the 8hr chart for ETH, we saw that every time there was a red diamond on the RSVP Extractor and the Stoch RSI was near 100, the price of ETH would decline approximately 7.5%. This initially gave us a price target of 1136. Now seeing that we dropped below that, our next price target is 1046. This is based off a couple of factors. First, the 8hr support for ETH is at 1046 (orange line) and we have two green diamonds on the RSVP Extractor, AND the Stoch RSI is near 0. All of this combined, I believe we'll get a rebound at 1046 all the way back to 1220. If we keep falling afterwards, my next target would be 945.
TL;DR - ETH short target is 1046, ETH long target is 1220. Further decline of ETH could see support around 945.
If you enjoyed my TA or have any questions about the indicators used, please comment below or send me a DM :)
ETH will explode soonDon't be fooled by the fake breakdown, there is a huge move in the works and we should see Eth make a huge move towards the upside very soon
ETH is about to have a nice jumpEth is about to make a nice run towards the upside, our first price target is around $3323. I am also confident that this is going to start he next bull run as well. watch this space
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.
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*** 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***
Ethereum is about to make a huge move to the upsideIn this trend analysis, I show that Ether is close to having a huge breakout with a price target of around $3783. I am expecting us to reach this target by the 3 of April
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.
ETH Potential in 2022Last cycle (2017/2018), ETH popped up just above the .423 extension. These are a couple of potential 2022 targets, though it could go far higher than expected. I prefer to err on the side of conservative caution.
ETH Price H1Here is my view for ETHUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Ethereum Mid-term price predictionWe are currently in the symmetrical triangle.
In the mid-term I'm expecting move to $2100- $2300 range.
I estimate the breakout from the triangle on February 2022(at least).
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.
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.
Incoming ETH Pump?We have a falling wedge on ethereum. Looks like we could see higher prices soon. We could dip before going up but I think that we could go straight up from here.
ETH Bearish Butterfly Looks like we might have a bearish butterfly playing out. If we bounce on this 0.886 FIB level than we should revisit 2k ETH.
ETH Bearish Parabola Broken (Pump Incoming?)We just broke the bearish parabola that kept driving the price down. Usually parabolas tend to retrace at least 50% or even up to 78.6%. There are different ways you can draw it in but I think that we could have a small pump incoming. But if we do get above key trendlines, we could see a massive reversal but a lot also depends on BTC. So watch that chart as well.
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!
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.
ETH PossibilitiesI am neutral right now because we need more information. I drew in different possibilities that I think are possible. If we never touch the trend line again then we would most likely dump down. If we do touch and break through, we have a chance of running up to the next resistance. Even though the target is around 2.8k, I think that we would get rejected at the trendline. We could have a reversal there or a slight pullback (use fib levels).
ETH coming up to resistanceLooks like we are running into resistance and also looks like we have a bearish divergence on the 1hr chart. I would not be surprised if we had a pullback here. We could possibly pull back to the .5 fib level creating a right shoulder for an inverse head & shoulders.
Ethereum possibilities short termI think that we could get a bounce here off of the falling wedge retest. We might break that trendline or get reject and come down to the black box. Seems like there is a lot of support there. If we break that, we will definitely test much lower levels.
Ethereum to 3k?Looks like we are creating the right shoulder for an inverse head & shoulders pattern. Will take us to 3k. Looks like bitcoin is recovering too and ready for a bounce.
