ETHUSD longAs ETHUSD has just tested 0.5 of the Fib and bounced we're expecting It to go bullish to 1.3 of the fib taken from the impulse , and after few consolidation we would be expecting the market to go bullish again to 1.618 of the fib.
Mean while we have SL bellow 0.05 of the fib .
Good luck following this idea.
Ethusdanalysis
ETHUSD BUYING ON DIPS As i can see ETH is ready to make new higher high as soon as this break the resistence are then i will start
to make a new higher high we are rading this pair with a low risk and looking for higher rewards
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Ethereum ready to take offIn my previous EthUsd analysis I said that I strongly bullish on this crypto and I expect 3k to be reached. My opinion is not changed, more, is reinforced.
If you'd looked at price action these past few days it is clear that dips under 1200 were bought aggressively and bulls are in total control.
At this point Ethereum is trading in the last recent high zone and slightly under its all-time high, and I expect a strong break above.
Although is far at this point, but only a drop under 1000 would change my strongly bullish opinion
EthUsd- Can it reach 3k? My opinion is YESAt this point, Ethereum is trading slightly under its all-time high (20% not being so much in the crypto world) and, simply looking at BTC after breaking above its ATH we can see that it doubled its value pretty quickly. Furthermore, we are in an extremely strong bull trend when it comes to crypto and I expect this to continue for the first part of 2021.
In my EthBtc analysis, I said that I expect a break above neckline resistance of the H&S and a challenge of 0.06 figure.
Putting all together, a bullish bitcoin that can go above 50K , a bullish ethbtc that can break above resistance I will reduce all to simple math:
50.000 x 0.06 equals 3k for EthUsd
ETHEREUM To Continue Decline After Short-term GainETHUSD decline from $1348.24 unfolded as a five-wave impulse. The sub-wave of wave (3) is also visible.
According to the Elliot Wave principle, at least a three-wave move in the opposite direction follows every impulse. The correction seems to be unfolding as a simple zigzag, which is now in wave (c).
Once the three-wave move is completed, the price should resume in the direction of the impulse. So a decline below the previous low at $912 is plausible in the days ahead.
This scenario is applicable to Bitcoin and Litecoin because they're highly correlated!
What's your thought on Ethereum? Let me know in the comment.
Thanks for reading,
Veejahbee.
Complex Spirals ETHETHUSD idea
Intersecting points in red can be seen to show bearish moves when reached, respecting the spiral
Primed above the spirals moving average, ready for bullish movement
Kinda like my previous ETH analysis but I felt it needed some fine tuning
Very bullish outlook for the future
ETHUSD - Follow the trend by Keltner Channel 19/12/20201. How to use Keltner Channel
a_ Length of Keltner's basis line is 50. It gives the best result in finding rule of ETHUSD.
b_ How to confirms a trend.
- Upper 1 is used to confirm Keltner channel at Uptrend to give Buy_1.
- Lower 1 is used to confirm Keltner channel at Downtrend to give Sell_1.
c. How to determine a swing Entry.
- Upper 1 is used to buy when the market make a corrective.
- Lower 1 is used to sell when the market make a corrective.
d. Color count calculate
- Color count = Green + Red
- If Color count > 0 is Uptrend to give Buy_2
- If Color count < 0 is Downtrend to give Sell_2
2. Long signal is confirmed when Closed of candle crossover the Upper 1 & Color count for Uptrend.
3. Short signal is confirmed when Closed of candle crossunder the Lower 1 & Color count for Downtrend.
4. Filter the Candle is over 93% for Not Entry.
ETHUSD 16% Drop was expected will it reach 400.00 level ?ETHUSD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Price around 450.00 and in consolidation phase
2️⃣Trading within arising channel
3️⃣ Crypto's in uptrend and broke of 400.00 level
4️⃣ 430.00 Dynamic support and resistance
5️⃣ 500.00 will acted as strong resistance-Key psychological level
6️⃣ 490.00 will Acted as strong support-Possible entry point
7️⃣ Technical support - bullish
8️⃣ 420.00 will acted as key reversal-Bullish
9️⃣ October high-Immediate resistance-Alternative bullish entry
🔟 Possible swing target-420.00 lower counter trendline
#️⃣ Overall bullish trend-Within a rising channel
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📉 Technical bias-H4-Bearish
Price is above 50,100,200 Exponential moving average
50 Exponential moving average will act as resistance Bear
Relative strength index - well above 50 - bullish trend
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 50(Neutral area) The decision was neutral here
Ichimoku cloud -cloud is still green-Middle line supports bullish trend
Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band
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Key reversal area's
400.00 psychological level
384.00 Point of control area Volume analysis
422.00 Oct month high
332.00 Oct month low
488.00 Sep month high
311.00 Sep month low
400 50% Fibonacci retracement level
500.00 Major psychological level
488.00 Possible entry- Bear
420.00 Trendline resistance/Alternative bullish entry
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Bearish entry #Etherium #ETHUSD
Entry price - 488.00
Take profit 01 - 440.00
Take profit 02 - 410.00
🚫 Stop lose 510.00
⬇️16% Drop expected
⤴️ Account growth 4.5: 16
✅ Risk reward ratio 1 : 3.5
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