ETH - I love how it looks right nowShort term ETH looks like it is ready for some upwards movement. At least for some short squeeze or dead cat bounce before another drop (in correlation with BTC dump, if it occur ofcourse).
- back to trendline (dotted trendline untouched since breakout) ✅
- oversold condition on Stoch RSI on 3D & W chart ✅
- back above RSI trendline ✅
- big wicks on W chart for every drop ✅
Ethusdlong
ETH/USD: Climb Higher Could Spark Risky Speculative WagersETH/USD is trading slightly above the 3800.00 mark as of this writing. In yesterday’s trading, ETH/USD stumbled to nearly the 3715.00 level, before it sparked a reversal higher. However, ETH/USD remains within the lower realms of its one-month range and is still below mid-December trading realms. As the New Year begins its markets trading, speculators will have a difficult technical question to answer regarding their perceptions.
The broad cryptocurrency market remains under pressure when looking at the past week of results. Cryptocurrency is not affected by closures of markets like many financial assets. Speculative wagers continued, and weekend trading has certainly affected Ethereum along with its major counterparts. ETH/USD is in the midst of a rather intriguing value and, if support is challenged below, it could spark nervous sentiment.
The 3800.00 may be thought of as a fake psychological barrier by some technical traders, but if ETH/USD once again falls below this depth it could be a bearish signal. From the 29th of December until yesterday, ETH/USD continued to trade below the 3800.00 in a sustained manner. If the current price shows weakness again, traders may perceive yesterday’s late reversal higher as a temporary move upwards, while suspecting additional selling may be demonstrated.
The level of 3775.00 should be watched by traders. Some aggressive sellers may decide this ratio is take profit vicinity if they are shorting ETH/USD, but to do that they would need to be using a conservative amount of leverage to make sure that trading moves in the wrong direction short term does not knock them out of the game. Resistance levels above around the 3840.00 to 3850.00 levels could prove to be difficult for ETH/USD to penetrate. And until ETH/USD moves above the 3900.00 level and maintains value above this juncture, the cryptocurrency could be perceived as remaining within a bearish mode.
Speculators should be careful with ETH/USD as the potential for additional volume creeps into the market, if institutional traders do decide to get involved. Stop loss and take profit ratios should be considered wisely, because volatility may grow near term. The broad cryptocurrency market continues to display signs of selling pressure and ETH/USD has not escaped this shadow. Traders should not be overly ambitious and if their wagers are profitable, cashing in winning positions would likely be a good decision if they are produced.
Ethereum Short-Term Outlook
Current Resistance: 3847.00
Current Support: 3774.00
High Target: 3910.00
Low Target: 3694.00
ETHEREUM - $ETH/BTC - DeFi Frenzy Overtakes Crypto MarketDeFi Frenzy Overtakes Crypto Market
Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the COVID crash in March 2020.
All that was missing from kicking things over into an actual bull market was a narrative...
Well, it looks like crypto has found one at long last.
Decentralized finance
If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case.
Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency.
As you scroll down the list at CoinMarketCap or CoinGecko (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi.
Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum.
So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative.
In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets.
Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi.
Beyond the hype
Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances.
When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called yield farming?
In 2008, Satoshi unleashed the BITCOIN whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out.
When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is really on to something this time around.
Projects to watch
DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another shitcoin roulette, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase.
As with anything in the crypto market, do your own research before swapping precious BITCOIN or ETHEREUM. But, there's gold in them there hills.
Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot.
DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor.
Scaling these applications for the most amount of people? Celer and Matic have you covered.
Finally, what about strict DeFi applications themselves?
Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time.
There are many more out there, but half the fun is discovering them on your own. Set some time aside and make sure you've got that CoinGecko app locked and loaded.
To gain access to Stacked's Free DeFi Index, click here
TECHNICAL ANALYSIS
#ETHBTC : I'm LONG/ BULLISH position up until Wave (3) . I expect that $ETHUSD will upside.
This would mean that ETH will gain more 250% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#CRYPTO $ETHUSD #ETHBTC #ETH #ETHEREUM #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
ETHUSD moving upDon't forget to click on the follow button for more daily detailed analysis and Please ask any questions should you have them!
Here we have our ETHUSD chart.
WE looked long previously and escaped at our targets. We are still looking long with further room to go.
Alike to BTC market sentiment is reasonable and will help move our trades.
Use correct RM on HVA's they can move FAST.
ETHUSD to riseDon't forget to click on the follow button and ask any questions should you have them!
Alike to BTC we are looking long after last night's fall. This is because price fell to KEY technical zones. We like trade in line with markets.. This means getting IN when prices are low enough..
Times like these create great opportunity to join the NEW trend.
Price direction is noted by directional arrows.
ETHUSD: Don't Miss the Impulse 🚀If we can breach this main supply we could have a strong run-up towards the seller stops.
Price has done what it needed to trap and create liquidity.
Do you think this bull run has potential? 🐂
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨 RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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ETH/USD: The Corrective Move reacher an Interesting Level!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.
Daily timeframe:
4 hours timeframe:
The market is currently in a corrective move and reached an interesting key level just around the 0.50/0.61% of Fibonacci retracement.
The corrective move formed a clear descending channel with a trading activity balanced between the higher and lower value of the channel, usually a sign the trend is not really strong.
A future price action on the higher value would give us a good possibility or trend change to the upside.
When, where and why would I step into the market?
Before entering the market, I would be sure that the price will completely leave the current descending channel, changing its perspective from bearish to bullish.
At the moment I will not take any action on this market but I will definitely keep an eye on it.
However, the market could still continue its movement to the downside for a while, keeping the price inside the channel. This scenario would invalidate this trade idea.
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
ETH Turning PointBased on Market Cipher B on the weekly and the fact that we tapped the golden pocket down here and we held this bottom trendline, it appears to me that we have found bottom. Both the VWOP and the RSI on Market Cipher have started hooking upwards with this new weekly candle and things are starting to look up again. Our last confirmation will be the coveted green dot, however I wouldn't wait for it to put a long in or you'll probably miss a lot of the move. I have limit orders set all the way down into the 3600s to back up my long position in case we do happen to find some more downwards movement, however I expect this area to ultimately hold as our next local bottom/beginning of the next impulsive wave upwards
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
ETHUSD to go longDon't forget to click on the follow button for more daily detailed analysis. Also, should you have any questions, please do ask them!
Similarly to BTC we are looking for an intraday fall so we can go Long at some great support + Key MA’s.
Alike to our BTC chart if you want a good price with lower risk.. Wait a little and lower your trade size.
Make sure your RM is correct when dealing with HVA’s or it can get nasty.. This means you do not HAVE to buy/sell everything all at once.
Price direction is shown by our arrows.