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Ethshortsetup

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!
Short
by BitonGroup
ETH Macro Accumulation w/ FractalI pulled the fractal from the 2019 bear market and flipped it. It seems as though we are currently in a macro accumulation phase, where we just formed the Sign of Strength in Phase B by taking out the highs from the Automatic Rally. On a smaller time frame, this entire channel upwards has been a re-distribution forming. You can see a daily bearish divergence already forming on the RSI (marked in white) and on top of that, on the weekly we are setting up a more local distribution on both BTC and ETH. Each of them has a 123 setup on the lows to go along with the distributions. See related ideas. BTC has a 3 day bearish divergence as well. The theory is that we will see our real bottom in December of 2023 and it will take out the lows from the Selling Climax from June of last year. The real bull run will start in 2024. What are your thoughts?
BINANCE:ETHUSDShort
by DigiLex_LLC
1
Ethereum (Long Term) What will we expect?Hello my friends, how are you doing? Here is the full analysis for this pair, let me know in the comment section below if you have any questions. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Today I want to talk about ETHUSD Before that, I want to remember It's not financial advice. so, just see and think about it. I'm just sharing my view and opinion of the chart. Please do your own research 🙏 As seen on the chart The price is so close to the first Support zone and I expect the price to react to this support again. But if the price loses this support zone everything will be difficult and the situation will be changed. By the way, in the next analysis related to the short term, I will tell you more details. This causes a drop in the market if we see any close of the candle below 1140 USD in the Ethereum. Let me tell you three support zones. The first is around 1450 USD, the second is about 700, and the last one I count on is around 330 USD. I think it's the best price to buy and hold Ethereum for a long time. It will be fantastic. We will never see this price anymore If we lose the first support zone, it can lead to a FUD in the market. Please don't forget to like 👍 follow ✅ share 🙌 and write your comments if you enjoy this Idea, Also share your ideas and charts in the comments. I wish you health and wealth. I hope you will fulfill your ambitions. Sincerely Yours Ho3ein.mnD
BINANCE:ETHUSDShort
by Sticky-Stock
Ethereum presents a shorting opportunity- should you take it?ETH fell below the lows of a month-long range. The bullish breakout and the move to $2000 appeared to signal bullish intent but saw a wild bout of selling that dragged Ethereum back into the range. Could the same thing happen if ETH falls to $1800? It was possible. However, based on the evidence at hand the more likely scenario was that ETH would continue to fall lower. It has bearish momentum and market structure. If the OBV can fall below the local support, it would be an early sign of buyer exhaustion. Meanwhile, a move above $1880 would invalidate the short setup. Entry: $1837 (retest of range low) Stop-loss: $1880 (lower timeframe lower high during the recent drop) Take-profit: $1770- $1750 (fair value gap and lower high from mid-June) R:R- 1.56
Short
by AMBCrypto_TA
1
Negative Money Flow Index for ETH - Explore AlternativesI write to you with caution regarding Ethereum (ETH) and its current negative dropping Money Flow Index (MFI). As many of you know, the MFI is a popular technical indicator used to measure the strength and direction of money flowing in and out of an asset. It provides insights into market sentiment and can help identify potential buying or selling opportunities. Unfortunately, the recent MFI trend for ETH has raised concerns and warrants our attention. Over the past few weeks, ETH's MFI has shown a consistent negative drop, indicating a significant outflow of money from the asset. While market fluctuations are common in cryptocurrencies, it is crucial to acknowledge this downward trend and consider its implications for your investment strategy. Therefore, I urge you to step back and reevaluate your portfolio allocation, especially regarding ETH. While Ethereum has undoubtedly been a pioneer in the blockchain space and has witnessed remarkable growth, it is essential to remember that diversification is the key to long-term success in any investment venture. Given ETH's negative dropping of MFI, I strongly encourage you to explore alternative asset classes within the cryptocurrency market. By diversifying your holdings, you can mitigate risks associated with a single asset's performance and potentially capitalize on emerging opportunities elsewhere. Consider allocating a portion of your portfolio to other promising cryptocurrencies demonstrating positive signs and growth potential. Conduct thorough research and analysis, considering factors such as market demand, technological innovation, and the team behind each project. This approach will help you make informed decisions and reduce the impact of any adverse trends affecting a particular asset. Remember, the cryptocurrency market is highly dynamic and ever-evolving. As traders, we are responsible for adapting and staying ahead of the curve. By considering alternatives to ETH and diversifying your investments, you can better position yourself to navigate the market's ups and downs while potentially maximizing your returns.
BITSTAMP:ETHUSDShort
by bryandowningqln
Ethereum climbs past $1700 but can it continueThe H4 imbalance (white shaded box) was filled and the structure of ETH on the 4-hour remained bearish. The OBV saw a bounce but did not trend upward. The Fibonacci retracement levels plotted for the move down to $1630 last week showed that the $1716 and $1740 are important resistances. Entry: $1716 Stop-loss: $1753 (a move above $1740 and $1750 will signal bullish intent and a bullish MSB) Take-profit: $1597 (the 23.6% extension level, although a drop below $1600 could eventually see $1500 retested in the coming weeks) R:R- 3.45
Short
by AMBCrypto_TA
Bearish Outlook on ETHIntroduction : Ethereum (ETH) has been showing signs of potential weakness that could provide a viable shorting opportunity. This analysis focuses on the possibility of ETH breaking below the opening level of May, which could signal a bearish trend. Analysis : May Opening Level: The opening price of ETH in May has proven to be a significant support level. If this level breaks, it could indicate a stronger bearish momentum and potential short entry point. Increasing Selling Pressure: Look for an increase in selling volume as ETH approaches the May opening level. This could provide additional confirmation of bearish sentiment in the market. Bearish Divergence on RSI: The Relative Strength Index (RSI) is a powerful tool for identifying potential reversals. If ETH shows lower highs on the RSI while price records higher highs, this bearish divergence could indicate that the bullish momentum is weakening. MACD Crossover: A bearish crossover on the Moving Average Convergence Divergence (MACD) could provide additional evidence of a potential downturn. Conclusion : The potential break of the May opening level could signal a shorting opportunity on Ethereum. It's crucial to wait for confirmation such as a close below the May open on a daily or weekly timeframe, which could confirm bearish sentiment. Trade Idea : Consider entering a short position if the May opening level is broken and confirmed with a daily or weekly candle close beneath it. A stop loss could be placed above the broken support level (which could act as a new resistance) to manage risk. The first target for the short position could be the next significant support level. Remember, trading involves risks. This analysis is intended to provide a perspective based on technical indicators and should not be taken as financial advice. Always conduct your own research and consider your risk tolerance before making any trading decisions.
Short
by sahbil
ETHUSDT - A lot of levels are waiting for correctionOn the trading chart, I believe that there should be a correction of this price in the range of the golden level Fibo. The correction will be accompanied by a zigzag form of Elliott waves (1-5) In order to open a position - wait for the LFT confirmation I am awaiting confirmation of my decision and plan to open a short position in the range I have shown If you want to know about more specific actions, then look in the description of my profile
Short
by JaegerB