ETHEREUM: BULLISH EXPANDING CHANNEL FORMATION.Hello, dear members. welcome to this Ethereum update.
Timeframe: 18 hours.
Update: ETH lately, showed some greens which were good for the market. The current scenario of ETH is under a bullish expanding triangle which technically is bullish. It is testing the resistance at $1240. This is quite a decisive moment for ETH. If it successfully breaks and closes above the resistance level then we can expect some good rally. But if it gets rejected from the resistance then the trend will get reversed and we may see some drops.
Fundamentals: ETH is having a conference meeting on the 19th of July 2022. The Ethereum Community Conference (EthCC) is the largest annual European Ethereum event focused on technology and community.
What is your opinion about ETH? Do you think it will rally higher or will it drop badly?
Let me know in the comments. Do show your support with your likes and if you don't wanna miss any updates then follow my channel.
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Ethusdlong
Trading Signal For ETHUSDT EthereumTrading Setup:
There is a Trading Signal to Buy in ETHUSDT Ethereum.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 1121.00
⭕️SL @ 1098.00
🔵TP1 @ 1167.00
🔵TP2 @ 1216.00
🔵TP3 @ 1280.00
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
ETH: Trend line may support priceEthereum
Intraday - We look to Buy at 1084 (stop at 1046)
Short term bias has turned positive. Trend line support is located at 1080. We look to buy dips.
Our profit targets will be 1179 and 1199
Resistance: 1200 / 1280 / 1400
Support: 1100 / 1050 / 1000
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ETHUSD - Bull Faith Update 3A comparison between early 2017 ETH and current price formation
Similar bottom patterns can be seen
I assume the early 2017 case is a more volatile situation due to age
A sharp recovery is still valid if this comparison is however
My third update to the bull faith cases rest are below
ETH plausibly completed correctionThis won't be a long one.
- ETH has almost (within $12- reached a 1:1 extension of the fist major corrective move).
- Just like in 2018/19 it has corrected more deeply than BTC.
- Last time "big daddy BTC" recovered first and went on a run while ETH continued dipping.
- This time maybe the same maybe different.
- At least a plausible (just like in BTC) 5 sub-waves down the swing-low.
3rd largest BTC wallet accumulating BTC at current price levels.
- I don't see any clear bullish RSI divergence on the daily timeframe - which is what I am waiting for. But some indicators pointing towards a potential nearby change of direction.
- If the swing low is broke, several support levels shown below.
- Possibly worth an UNLEVERAGED buy to build up a position. Leverage got us into this mess.
If you are short term swing - a couple of major upside resistance points marked. As well as the 55EMA will probably reject any big move to the upside in the next few months.
Good luck everyone and protect those funds.
OMG this is a "short one?"
ETHEREUM: A BOUNCE CAN BE EXPECTED.Hello traders, I hope you guys are all doing good. Here's a quick update on ETH. Please have a look and trade safely.
Timeframe: 4 hours.
Update: ETH is forming a rising wedge pattern which technically is a bearish pattern but as it is under the formation, we can expect a rally between $1200 to $1300 followed by the rejection. Breaking down below the lower support trendline will invalidate this chart.
Trade setup:
Entry between $1033 to $1060.
Targets: $1115, $1168, $1221, $1281.
Stop Loss: $986.
Note: If you are entering this trade then do not forget to use SL. Trade with 5x or 10x leverage and accumulate the dip.
Like and follow for more updates.
Thank you.
ETHI'm personally leaning towards a recovery here, all eyes on BTCD if my 5 waves down are coming to fruition. Also ETH Hard Fork in Aug. Also the fed is meeting in July end of this month the 27th I believe, and the markets have already priced in another 75bps and also markets now believe a possible pivot in policy and a lower rate hike of .50% or even .25% then ETH may attempt to run back up to prior LT support around $1,700 and hang out there until Fed announcement. IDK just a thought guys please DYOR and Big Mike Loves you!
ETHUSD - Bull Faith Update 2 Using this channel indicator a clear comparison can be made between the two periods, forming a kind of a H&S pattern with the channel itself
The ending of the pattern includes a steep fall which we have just experienced on ETH
The reversal will be sharp if this is the bottom as it was in the first scenario
Above is the bull faith 1 analysis
descending wedge Ethereum. ETH review!▪️descending wedge Ethereum. Temporary consolidation, indicators are oversold, there may be a slight rebound, but nothing interesting so far.
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#ETHUSDT Could hit $1700 if this happens...!!!ETHUSDT is holding the $1100 support for a while.
100MEA is also supporting the price since the last few candles close.
Break and close above the $1253 level which happens to be the local resistance could trigger a rally toward $1723.
The price must hold the 100MA for this scenario to play out.
Invalidation: - A close below the green zone. Level $1078
Let me know what you think. Do hit the like button if you like my updates.
Thank you
#PEACE
Buying dips on EthereumEthereum
Intraday
We look to Buy at 1191 (stop at 1144)
Short term bias has turned positive. 50 4hour EMA is at 1186. Previous resistance at 1150 now becomes support. We look for a temporary move lower.
Our profit targets will be 1308 and 1348
Resistance: 1280 / 1400 / 1500
Support: 1200 / 1150 / 1100
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ETHUSD Lowest RSI Point Ever ETHUSD has shown an interesting RSI, it is at its lowest point ever
The previous comparable lowest point was the bottom of the bear market, using this we can infer that the bear market will end close to the 200MA in yellow
Whats interesting is the prior bear market lasted a very long time compared to the one we have recently seen
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 1271 (stop at 1219)
Short term momentum is bullish.
We are trading at oversold extremes.
A higher correction is expected.
We look for a temporary move higher.
Our profit targets will be 1396 and 1436
Resistance: 1280 / 1400 / 1500
Support: 1170 / 1100 / 1050
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 1291 (stop at 1229)
We are trading at oversold extremes.
A higher correction is expected.
Bullish divergence is expected to support prices.
A break of the recent high at 1282 should result in a further move higher.
Our profit targets will be 1438 and 1488
Resistance: 1300 / 1400 / 1500
Support: 1200 / 1100 / 1000
ETH Will Rebound - 2400$ IS the NEXT TargetI usually make long-term predictions with solid technical analysis. I have posted after a long time. Sorry for that.
This is just a short analysis chart for ETH. Try to understand the chart with the help of Swing high candles. I will post more.
If you have any questions, then ask in the comments section.