ETHUSD - Can It Breakout of Bear Divergence Resistance#ETH testing the bears here on moving average oscillators. Set alert on the resistance trend line and let trading view work for you. I'm neutral here, but with all the rumors of ETF's forming around the world for crypto, it's a bullish sign.
Happy hunting!
Ethreum
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) fell below the 1,600 level in today’s session, as bearish pressure continued to intensify.
Following a high of 1,601.54 on Thursday, ETH/USD slipped to an intraday low of 1,573.31 later in the day.
This was the lowest point ethereum had fallen to since September 12, when the price bottomed out at 1,549.
Bulls have since bought this dip, with the world’s second-largest cryptocurrency rebounding to a current level of 1,597.46.
the 10-day (red) and 25-day (blue) moving averages have neared one another, with the prospect of an upward cross seeming imminent.
Should this occur, there could be a bull run in ETH this weekend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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!
Crypto Celebrating Winter Fest🥶 in the SummerSet your dates for the 13th and 20th of september as these next 10 days will be madness on the Crypto market.
As both the U.S. Bureau of Labor Statistics - and the US Federal Reserve will be making a few noticeable impacts on the crypto market that may last for months.
We are currently in a possible downtrend heading for all known cryptos including Ethereum - XRP -BTC which will likely see the 23,000 range after the 13th as bears are already short selling on BTC in preparation for the event from the U.S. Bureau of Labor Statistics CPI report.
This even affects Altcoins such as Pepe - Doge and most of all Shiba-inu which will likely see 0.00000500 - 0.00000200 by the 15th.
Some of you may not know what the U.S. Bureau of Labor Statistics CPI report means and how it will Effects the crypto market.
Below I will explain the possible effects it will have along with the further effects that will take place after the federal reserve speech on the 20th of September and how this will likely play in the fall to the 20,000 range for Bitcoin and the 0.00000100 range for coins like shib.
Be sure to Like follow and sub for more content like this.
BITSTAMP:BTCUSD BINANCE:BTCUSDT
BITSTAMP:ETHUSD BINANCE:ETHUSDT
COINBASE:SHIBUSD BINANCE:SHIBUSDT
BINANCE:DOGEUSD BINANCE:DOGEUSDT
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum’s price has been in a low volatility period, booking a modest loss of 1.7% this week. With the price under the key resistance at $1,660, the bulls appear unable to take ETH higher at this time.
The current support levels are found at $1,550 and $1,440, with the latter having the most confidence to stop sellers should they increase their pressure at these levels.
Ethereum remains in a downtrend with momentum favoring the sell side. A test of the key support at $1,440 appears likely in the next few weeks if nothing changes especially if Bitcoin breaks below $25k.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
$Tru is still Looks beautiful All the Low cap Coin bounce NYSE:TRU is still Looks beautiful All the Low cap Coin bounce TRU has not pumped strongly.
NYSE:TRU gains good following from this region with a lot of potential than I gave 0.0280 0.0307 contradicts support. It will be like that until we break the resistance .0.0363 with high volatility.
BITCOIN'S LAST BUYING OPPORTUNITY In my oppinion this could be a possible scenario for bitcoin.
I'm goin to open small portion of long positions once we reach blue marked space on the charts which is bellow 23.000$ . I want to see some kind of confirmation with as much as possible of risk exposure.
32.900$ is still on my radar before capitulation and liquidation of positions which will lead us to start of the new bull run.
STAY SAFE, TRADE YOUR ANALYSIS AND DO YOUR OWN RESEARCH.
ETH, are we breaking up?! :(If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
CRYPTOCAP:ETH same as CRYPTOCAP:BTC
1645 area
Broke above a nice flip area.
But, I have been hurt in the past by
break-ups that don't follow through
...and then she ends up moving back in...
So need this level to hold and continuation for confirmation.
ETH IS LIKELY TO DROP FURTHER LOW???Hello, Traders.
I'd like to provide a quick update on Ethereum (ETH) in a 2-day timeframe.
As we're well aware, the cryptocurrency market often takes cues from Bitcoin (BTC). Recently, when BTC experienced a sharp drop from FWB:29K to FWB:25K (a -13% decrease), Ethereum (ETH) and other major altcoins followed suit. ETH, for instance, went from $1808 to $1540 in a single day, marking a -14% decline. While ETH hasn't yet retraced to the $1800 range, it has found some stability around the $1600 mark.
Now, if we take a step back and examine ETH on a longer 2-day chart, we can see that ETH is currently trading between support and resistance trendlines. According to this chart, for the pattern to be complete, ETH may need to reach the support zone. If this occurs, I anticipate ETH could potentially reach the $1300 range, which might be its bottom point.
That's the latest update from us. Please feel free to share your thoughts in the comments.
Wishing you favorable trading hours ahead.
Best regards,
Team Dexter
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
ETHBTC ❗Caution❗One more for today will be ETHBTC chart.
The wedge is forming for a year now. Chances are, the next BTC move down, ETH and ALTS will go up and even make the breakout from this formation!
...However, I'm not too sure about this. Previous Trend support zone has been crushed fast enough and wasn't going to retest it back. Chances are still here, But...
We have another, Bigger Trend line all the way from the Bottom (I hope it was one, cause if not, the blood will be all over the place) And I am guessing we will have another big fall is Sep/Oct and there may be the prices we're not gonna see in a while most probably.
So, I suggest you to look closely, with caution, cause we're gonna see volatility in the next weeks.
Be aware. Envision.
👁️ A.I.Vision
#ETH - thoughts out loud №1Good evening from Ukraine!
Dear colleagues, I am sincerely pleased to welcome you, thank you for reading my vision of the current situation.
To put it briefly, we need to shake things up in order to continue moving upward. And no one is interested in this, because professional market operators do not even know about your existence.
Thank you all for your attention, I wish you success.
Sometimes you win /sometimes you learn .
- thoughts out loud
- thoughts out loud
- thoughts out loud
BINANCE:ETHUSDT