Ethreum
ETHEREUM IN COMPLEX CORRECTION ? Following is ETHEREUM analysis
1) The major five-wave Elliott wave coming from 2017 ended MAy 2021
2) Wave 2 corrected W1 by almost 85-90%
3) W3 started and had a good 161% fib extension of W1 to 2599
4) W4 is simple correction and retraced only 23% as W2 had a deep correction
5) W5 ended at 4367
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A-B-C corection
In a complex A-B-C correction
W(A) is a 3 wave
W(B) is a 3 wave structure and usually ends above W5
Wave(C) is a 5 wave and drastically drops to the start of W(B)
I hope to be wrong but lets see what happens in the next few days
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(Or)
Maybe Wave 3 can be where w(5) ended and we are in a W(4) correction phase and once thats completed we go on W(5)
Love your feedback - happy trading
ETH in channel and inside of falling wedgeEthereum is moving inside of falling wedge and between range of $3550 and $3960 on daily chart. ETHBTC pair is moving slightly bullish and needs to remain bullish in order to for ETH to breakout above the wedge pattern. The move should be impulsive but also Bitcoin needs to stay in range or bullish at the same time.
Read my post about Ethereum and Bitcoin movement. ETH is stronger than BTC and it is outperforming big brother.
On the LTF the chart is having some volatility, but moving bullish in channel. We need to wait for breakout to take long position. Above $3,960 Ethereum will gain speed and move bullish.
ETH/USD: Starting a new channel! Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the ETH/USD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market left the previous channel and it seems it’s starting moving inside a new ascending channel.
The chart is clearly showing the main trading activity on the higher value of the channel, typical during an uptrend, so there are good probabilities to see a trend continuation to the upside.
When, where and why would I step into the market?
Before entering with a long position on this trade, I would patiently wait the price going back to the lower value of the channel, getting a confirmation as a rejection on the dynamic trendline.
A strong rejection, would be a clue of good demand on that level, and I will be looking then for a good entry point with a RRR of 1:2 or greater.
My SL would be just below the potential low on the bottom of the channel and I will manually deal with my TP with a target just around the higher line of the channel.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
4000 seems supported.ETH , 4000 level seems supported.
bull candle that erase all previous day losses, seems like strong bull are making a come back.
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your Own Due Diligence
_Please be informed that our analysis is based on historical DATA to predict/forecast upcoming movement, our bias may change due to market conditions. _
ETHETH trying to hold the $4000 area. A candle close below $4000 will start heavy sell-off. The local resistance is $4200 and ETH need to claim it as soon as possible. ETH still holding support on daily and weekly chart. Weekly candle should close above $4000 to remain bullish otherwise we see $3500-$3600 test.
₿ SHIBUSDT 1D ₿ : 26.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 26.Oct.2021
⚠️(DYOR)
Axie Infinity etherum Axie Infinity is leading the way for play-to-earn games thanks to its growing popularity that has seen a million gamers come onboard to play the game daily. The astronomical success that Axie Infinity enjoys is mostly driven by the fact that players can earn real money while playing.Axie Infinity is an Ethereum-based game with a player vs environment (PvE) mode as well as a player vs player (PvP) mode. In PvE mode, the player competes against a built-in environment or monsters in the game. A PvP mode is one where the player gets to compete with other players in a metaverse-type scenario.Players have to acquire “Axies” that come in the form of monsters designed for battle with hordes of other small round monsters.
Bitcoin TA - Bull RunIn my previous Analysis in ETH I stated that Bitcoin needs to break the 42,000 level and hold, in order to see some gains in Btc and Alt space.
We saw just that. BTC broke 42,000 saw a re-test supported by the Moving Averaged seen on the graph. Shortly after it has risen to 46,000 at the time of this post.
We also saw good runs in Altcoins such as ETH ADA LTC VET just to mention a few.
Bitcoin has much resistance ahead of it. but we did break the major one and it held. See my orange / red lines for a guide.
I would like to say that for those who thought the bull run was over, this is not the case " WE ARE STILL IN THE BULL RUN' However we had a good pullback. It was due to, a lot of manipulation was done to bring crypto space down. Don't get fooled by the media as it is not your friend, Media wants you to fail.
I will update and give explanation for each TA I do.
Smogster...
🔥 Ethereum Going Up: Bullish Price ActionSince the major news from Ethereum released and EIP 1559 got implemented, ETH has not seen much bullish price action.
However, ETH is still seeing strong bullish price action during this time of relative low volatility. As seen on the chart, ETH is trading in a rising channel, making higher highs and higher lows in the process.
Moves like these are often a signal that something is brewing. Often the price keeps on rising for several weeks before a major push upward.
The major targets for the current bullish move is $3600 and $3800.
Happy trading!
BTCUSDT 4h Analysis (Short Term)This is 4h time frame analysis (short term)
Bitcoin has this channel in 4h time frame
The bottom of this channel is the support of bitcoin(≈45,700), If price react to it then we can see another top which is around $50,000
But also there is a double top pattern and if BTC lose this channel then price corrects to $44,000.
ETH can reach 3700$ .Hi every one
Ethereum / U.S. Dollar
ETH/USD has Done a Great Bullish Movement lately but this is not the End Of It! as we put the Crab pattern On The chart we can understand that The Recent bullish movement is only about 75% of the whole Movement! (pay attention to the Numbers the 1.618 Fibonacci number is shown with the Crab pattern so that's a pretty Ok Price prediction For ETH.) so The end of the CD line of the Crab pattern is around 3700$ and It will happen . the strongest support for Ethereum Is around 3000$. after reaching 3700$ ,It is time for correction.
summery:
-ETH recent Great Bullish Movement is not over Yet!
-Crab pattern tells us The Price can reach around 3700$
-strong support at 2700%
-Correction will happen after 3700$ is achieved.
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
#ETHUSD potential for moving buy-side! #ETHUSD Price is trading in the demand zone and we got the price rejection and pricing pattern candlestick formed so its possible to moving next resistance level 2543
Why we like it:
price trading in demand zone
pricing pattern Candlestick Formation
EMA like uptrend
1st Resistance:
2543
Next supply area & horizontal swing high resistance
2nd Resistance:
2590
Next supply area & horizontal swing high resistance
1st Support:
2440
Next demand area & horizontal swing low resistance
ETH : Is that WHAT it looks like ?📊ETH is forming an interesting chart pattern on a 1-hour timeframe, "DIAMOND TOP' and the last time it did the same was around 16th MAY on a daily timeframe, the price made it's ATH and then boom it dropped more than 50%📉
Although, this pattern usually leads to a price drop as it is a reversal pattern which normally forms on market tops💥
It will be interesting to watch how the price develops as we are currently retracing after continuous 10 green days and are only 2 days away from EIP-1559. 👀
DYOR.