Selling Ethereum into first resistance.Ethereum - 22h expiry - We look to Sell at 1349 (stop at 1381)
Bespoke resistance is located at 1350.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Daily signals are bearish.
Our profit targets will be 1271 and 1231
Resistance: 1300 / 1350 / 1400
Support: 1270 / 1250 / 1220
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Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethshort
#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE:-Ethereum (ETH) was also trading low to start the weekend, as a bullish sentiment from yesterday’s Consumer Sentiment data swiftly wore off.
Since hitting a peak of $1,368.74 during yesterday’s session, ETH/USD fell to a low of $1,320.38 earlier in the day.
As a result of this sell-off, the world’s second-largest cryptocurrency dropped below its support point of $1,330.
Currently, the token is trading at $1,325.36, with bulls attempting to climb above this current point of resistance.
Like with bitcoin, Ethereum's 14-day RSI is also consolidating and is hovering below a ceiling of 41.00 as of writing.
The 10-day (red) moving average seems to finally be positioned for a bounce, however, this will likely only occur once the ceiling on the RSI indicator is broken.
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ETHEREUM Ethereum, after breaking the straight support that held the bullish price, broke through. He started to enter the bears. We can see on the chart that we are in a bearish mini-channel. In the graph we see mini-flags that give continuity to falls. It will probably break through this bearish channel when the United States starts to give indications that the country's interest rate will decrease. For now, just drop!
Ethereum - No significant changesEthereum continues to trade sideways like the rest of the cryptocurrency market. Because of no significant changes in fundamental and technical factors, we stay committed to our bearish view. Accordingly, we stick to the price target of 1 000 USD and 900 USD. We expect these price targets to be reached by the end of 2022. Indeed, we think it is possible the price will drift much lower below our price targets; however, we will update our thoughts on that as the downtrend progresses further.
Illustration 1.01
Illustration 1.01 displays the daily chart of ETHUSD and simple support and resistance levels. At the moment, we will pay close attention to the immediate support/resistance and price. The breakout to the upside will be bullish, while the failure of price to break above the resistance will be bearish.
Technical analysis - daily time frame
RSI is neutral. MACD is neutral and Stochastic points to the upside. DM+ and DM- are bearish. Overall, the daily time frame is neutral.
Illustration 1.02
Illustration 1.02 portrays the weekly chart of ETHUSD and two simple moving averages. The constellation of these moving averages support our bearish thesis. Indeed, retracements toward them acted as corrections of the downtred - just how we outlined prior to the these developments.
Technical analysis - weekly time frame
RSI is neutral. MACD is neutral and Stochastic is bearish. DM+ and DM- are bearish. Overall, the daily time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETH/USDT-WEEK CHART FALL AND TOP OF BULLRUN PROJECTIONSIn this idea I cover what I see in the future for ETH according to the charts. Keep in mind that this is what the chart tells me, but when dealing with the fundamental side they may experience a lot of turmoil. The merge didn't necessarily help them with the FCC looking into a new classification now and the US claiming they have jurisdiction over ETH. Could get messy, but at least the chart is optimistic long term. If you agree throw me a like and follow me for more unique ideas, concepts, and projections that keep you in the gains. Much love to my supporters- ND
ETHUSDT - Targets and Stoploss - Interval 4HHello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,357
T2 = $ 1,373
T3 = $ 1,388
T4 = $ 1,401
and
T5 = $ 1,421
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1,338
SL2 = $ 1,330
SL3 = $ 1,322
SL4 = $ 1,314
and
SL5 = $ 1,303
Looking at the CHOP indicator, we can see that in the 4H range we have more and more energy, while the MACD indicator shows a local upward trend.
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH UPDATE:-Ethereum
Last week was a historic week for Ethereum (ETH), as the highly anticipated Merge took place, seeing the token become “green”.
However, since then, prices have dropped considerably, with today’s decline taking the token to a low of $1,287.42.
This comes less than a week after the world’s second-largest cryptocurrency was trading above $1,700.
As seen from the chart, the drop saw ETH/USD fall to its lowest point since July 16, when prices were rising from a spell below the $1,000 level.
The momentum of moving averages (MA) has also shifted, with the 10-day (red) trend line crossing against its 25-day (blue) counterpart in a downward direction.
Some believe that we may still see further slippages, with bears attempting to take Ethereum below $1,000.
Sorry for my English it is not my native language.
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ETH/USDT - SHORT----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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$ETH - Rejected Once - Liquidity Below to Attack *SMT*In the 4 hour Time Frame there is a Breaker formation (Low, High, Lower Low) (Pictured here)
which usually implicates Smart Money (Deep Pockets) have pressed the chart down so hard that it got retail traders to sell along with it. It get's to a price that is attractive enough for Smart Money to buy up a lot to run the price up. As it breaks the swing high Smart Money then sells to make a profit which causes the price to drop. The price drops to exactly 62% of the current wave which is where smart money would start buying again, however, there with the breaker to the left of the current price I see Ether moving possibly to the top of that breaker before creating a false sense of hopium as the real target is the multiple equal lows which is where there is a lot of manufactured liquidity (Pictured here 15 MIN CHART).
(Where smart Money creates a "Support" line so that if it reaches thay line again it would trigger a lot of buying from retail traders. Instead, Smart Money knows this and will drive the price further down taking out the retail traders buying at the "Support" Line. As a Smart Money trader, I see Ethereum shorting near 1630-1670 Vand Drop down to at least 1550 but then could drop lower depending on much much liquidity Smart Money wants to go after.
Just my thoughts. Good Luck and Happy Trading.
P.S. Yes My Charts are Full of Rectangles as I mark Fair Value Gaps from Multiple Time Frames and Order Blocks. I do rthis because I notice a monthly fair value gap (Imbalance which price is attracted to) near $720-900. and It's possible it could get that low to fill that imbalance. But I'm just focused on the immediate right now
COINBASE:ETHUSD
#ET/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH UPDATE:-ETH/USDT looks bullish and RSI is bullish movement and 15% to 20% for eth bounce support and eth/USDT target.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
#ETH/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH UPDATE:-Ethereum is moving within a descending channel (in blue) on the daily chart. This resistance line has prevented further growth since registering its all-time high. When the price last hit the channel’s top in August, it suffered a drop to $1,422 as a consequence.
The scenario for the Relative Strength Index (RSI 30d) is comparable. The descending line (in white) that has formed over the last 12 months is acting as resistance.
To fulfill the two important goals — breaking out of the channel and overcoming the horizontal resistance at $1,800 — the bulls must now drive the price above that level (in red). This coincides with gaining momentum above the descending line in the RSI.
On the other hand, if the Merge turns out to be a sell-the-news event, investors should be ready for heightened pressure that could send the price back to $1350 and even lower.
Support Levels: $1420 & $1350
Resistance Levels: $1800 & $2100
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH shifts bearish yet again. Long is not optimal right now.Everything is in the chart and linked idea, if any questions - just let me know. Thanks for your time)
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further.
🔹 if confirmed = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
ETHUSDT 15 min Demand & Supply Zones#Ethereum #ETH 15 Min chart Demand and Supply Levels.
Bullish Supply Range ( Go Long) - USD 1,575/- to USD 1,583/-
(Blue Circle in Image)
Bearish Supply Range ( Go Short) - USD 1,675/- to USD 1,662/-
(Red Circle in Image)
#bitcoin #btc #cryptocurrency #crypto
Suggested Move - Short at USD 1,675/- to USD 1,662/- range
ETHUSD set to extend its downtrend?
Thank you for tuning in for Wednesday’s update. Today’s video analysis focuses on ETH. We also have a quick recap of some key FX moves we’ve seen since yesterday, including the USD run into new 2022 highs and the JPY crashing to 22-year lows.
Some top 10 coins broke lower yesterday, but ETH held out after an impressive 5% rally in yesterday’s Asian session. This rally faded out, but we did see 1540 hold. Today has been a very different story with heavy selling so far this session. Sellers have not only beaten 1540 but are also starting to threaten 1470 support.
If we see a move through 1470 and a break of the 1419 low, we will look for the downtrend to continue. Normal trend conditions will be met with a new LL backing up the last LH.
What do you think? Do you agree? Do you think ETH will bounce at support, or have we missed something? We are always happy to hear feedback from other traders.
Enjoy your Wednesday, and good trading.
Ethereum - ETHUSD updateSince 14th August 2022, Ethereum has declined more than 20%, while at some point reaching almost 30% decline. That is an abrupt loss of ⅓ of Ethereum's value within merely two weeks. However, it comes to us as no surprise because on 15th August 2022, we warned about a 50% decline in the price of Ethereum. So far, half of the move has materialized, yet, we are still waiting for the remaining part of the decline.
Our view is supported by fundamental factors concerning high-interest rates, economic tightening, and a slowing global economy. Due to that, we will pay close attention to the upcoming FED meeting, which in our opinion, will further weaken the economy. As a result, we think risk aversion will rise and lead to a sell-off in the cryptocurrency market.
Meanwhile, technical factors also support our bearish outlook, with many indicators flashing warning signs. For example, moving averages confirm the presence of the downtrend across daily, weekly, and monthly time frames. Simultaneously, RSI, MACD, and Stochastic are bearish across those same time frames. These developments are very bearish, forecasting trouble for ETHUSD over the rest of 2022.
We dismiss any speculation about the “uber-bullish” effect of Ethereum's upcoming merge as nonsense. Although, we do not rule out temporary price bounce. Despite that, we stick to our bearish predictions with price targets at 1 000 USD and 900 USD.
Illustration 1.01
Illustration 1.01 shows the daily chart of ETHUSD and the bearish crossover between 20-day SMA and 50-day SMA; the crossover confirms our bearish thesis.
Technical analysis - daily time frame
RSI, Stochastic, DM+, and DM- are all bearish. MACD is neutral. Overall, the daily time frame is bearish.
Illustration 1.02
Illustration 1.02 shows the weekly chart of ETHUSD. It also portrays 20-week and 50-week SMA, which remained intact (in a bearish constellation) during the recent bear market rally. Indeed, the natural retracement toward the 20-week SMA represented a strong downtrend correction.
Technical analysis - weekly time frame
RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Illustration 1.03
The picture above shows simple support and resistance levels for ETHUSD.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
#ETH/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH UPDATE :-
Ethereum (ETH) was also lower during Saturday's session, as the coin fell below $1,600 once again.
After Friday's high of $1,643.18, ETH/USD declined by almost $100 to a low of $1,542.30.
As bearish sentiment returned to crypto this fall, Ethereum broke its own support at $1,550 to start the weekend.
The earlier downtrend has now subsided, as profit takers opted to give up their positions as opposed to keeping the trades open.
Although the prices have risen above the previous levels, there are some who fear that there will be further downside.
If the market volatility continues to trend downwards, the bears are looking at the lower $1,420 level as a potential target.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you