ETHUSD BUYING FOR A NEW ATH HIGHER!!!HELLO FRIENDS
As I can see ETHUSD just tested a strong resistance level near 4K$ and now we expected more upside moves in coming days we are buying more Ethereum from buying zone till that level now we enter for sell from last HIGH Friends as all of knows it's just the begging of BULL run many new billionaires are joining the crypto not only peoples governments are involve in it now and as we all had saw a big move to ATH on BTC is indicating that more greed is coming after this halving
friends it's just a trade idea on the base of technical and fundamental view kindly share Ur thoughts with us it helps many other traders.
Stay Tuned!!!
for more updates
Ethusdlong
ETHUSDT: Next Big Swing Buying Opportunity! Price has been extreme bullish since last month, suggesting price to keep strong bullish momentum in upcoming days and month. March is known to be bullish month where many speculated ETH going to hit $5000 mark by end of the march. We think price will do minor correction towards $3100 to $2800 marked area region where price can bounce sharply towards $5000 target area.
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ETHEREUM - IF BITCOIN FALLS, ETHEREUM WILL FOLLOW (TARGET $1900)As you might have noticed, the crypto market isn't doing so well (depending on which side of the table you're on) and the continuation of the correction is imminent. I've recently posted a Bitcoin analysis and I thought it would bring some value to do the same on ETH.
Here is my view on things:
What is on the chart? (Follow the steps)
1) November 2023 is illustrated by a large breakout structure that gave place to the continuation of the rally.
2) Following the breakout, a range was formed mirroring BTC. This range had everyone on their toes, impatient for a huge price swing upwards. This obviously never happened.
3) The manipulative false break. I'd like to put an accent on the Power of 3 . It is essential price action theory that is elegant in its simplicity and accurate in its delivery. Step 2, 3 and 6 (spoiler alert lol) represent the 3 components of the Power of 3: accumulation, manipulation and distribution (respectively).
4) Some Ichimoku Kinko Hyo technicals to spice things up. We have a break of the daily Kijun and Tenkan + a crossover of the Kijun/Tenkan + a Kumo twist + a break and RETEST of the weekly Tenkan + the daily Chickou Span below past price. How many bearish signals/confirmations do you need!? I think that's enough.
5) Key breaking point (obviously what matters is Bitcoin, if BTC doesn't break, ETH won't either). I expect price to enter the daily FVG and then tumble. Again if BTC tumbles now then ETH might not even touch the FVG. I'd also like to mention a chart pattern that will satisfy the retail sphere since everyone likes patterns, right? ASCENDING BROADENING WEGDE or RISING WIDENING WEDGE or whatever else people call it nowadays. This is a bearish structure regardless of its name.
6) EQUILIBRIUM . Fancy way of saying the 0.5 level of the range. This is the entrance to discounted prices which is what we're looking for with any major correction.
7) The 0.702 level + a daily bullish order block which will also mean the sellside liquidity is taken out. All reversal conditions that characterise a bottom.
As always, I hope you enjoyed this analysis and that money will fall from the sky. Have a great day and happy trading!! ;)
ETH Getting close to key levelRed box is the key level for ETH. It's a huge resistance on H4 tf, and we can see a possible fakout before retracing till actuals lows. In case ETH will be strong enough to break above the resistance zone, it could jump and enter the green zone, where i expect a touch of the main trendline
ETH Key Probabilistic Levels for 2024-25 Date: January 12, 2024
Overview:
Ethereum (ETH) has displayed a strong bullish trend against the USD, as identified within a pitchfork channel on a daily timeframe. The key support and resistance levels, derived from pivot points, along with the Z-Score Probability Indicator, provide a comprehensive view of ETH's potential future movements.
Channel Analysis:
The price is currently trading within the channel, indicating a bullish bias in the market.
The upper boundary of the channel may act as a resistance level. Any approach towards this boundary should be monitored for potential sell-offs or reversals.
Key Probabilistic & Historic Levels:
Key Historic Level: The price has recently tested and exceeded a key historic pivot level at $2,328.72, which may now act as a support level.
Conditional Probable Boundaries: The next probable resistance levels are at $4,010.00 (Boundary 3), $4,793.00 (Boundary 4), and $5,575.00 (Boundary 5). These levels are critical as they can serve as potential targets for the price if the bullish momentum continues.
Support Levels:
There are several key support/test levels identified which may serve as areas of interest for buying opportunities or for placing stop-loss orders. These are at $2,129.24 and lower down at $1,774.41 and $1,644.15, which are crucial in maintaining the bullish structure.
Z-Score Probability Indicator:
The Z-Score is currently indicating a high score of 3.11, which could be perceived as the market being overextended above its mean. This suggests a potential retracement or consolidation might be imminent.
It is also important to note the Z-Score's mean line (the white line on the chart), which seems to be acting as a dynamic level of support and resistance. The price has oscillated around this line, indicating its significance in identifying momentum shifts.
Market Context:
Ethereum's performance must be evaluated in the context of broader market conditions, including the overall sentiment in the cryptocurrency market, developments in the DeFi sector, and Ethereum network upgrades or changes.
The relationship between ETH and BTC performance should also be considered, as divergences can offer insights into relative strength and potential altcoin season indications.
Potential Strategy:
Bullish Scenario: A trader could consider taking long positions on pullbacks to any of the key support levels , especially if the price action suggests a bounce off these levels.
Bearish Scenario: On the other hand, if the price breaks below the pivot support levels, it may indicate a deeper retracement, and short positions could be considered.
Risk Management:
Given the current Z-Score reading, traders should be cautious of potential volatility and set stop-losses accordingly.
The channel's boundaries should be used as a guide for potential take-profit levels or to tighten stop-losses as the price approaches these lines.
Conclusion:
ETH/USD is currently exhibiting strength within a bullish channel.
Being Bullish on Ethereum, the smarter choice would be to play the sector betas of Ethereum. You can check out other coins like BLUR, DYDX from my analysis.
On a different perspective, Alt L1, Solana could outperform ETH on this cycle. Analysis on SOL can also be found in my profile
The recent break above a pivot point suggests that bullish momentum may continue, with conditional probable boundaries serving as the next target areas. However, the Z-Score indicates that the market could be nearing an overbought state, warranting a cautious approach.
This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
Ethereum Forecast: Navigating Market VolatilityAnticipating an upward trajectory towards $2,500 to $2,750, caution remains key amidst the cryptocurrency market's inherent volatility. Each downturn appears as a potential buying window, yet prudence in position sizing is advised. Institutional maneuvers and U.S. interest rate fluctuations may impact Ethereum. While declining rates could enhance crypto appeal, be prepared for the market's characteristic volatility amid potential buying opportunities during dips.
ETHUSD prepared for $2300!Ethereum ended its 5-wave Elliott wave in Nov-Dec 2022, and since then has started an uptrend.
Considering the indicators in lower timeframes, it's the beginning of the 3rd impulse wave (1D) targeting $2300, but that wouldn't be the end of the 3rd wave.
It's also slightly possible the price quickly touches the $1650 level first and bounces back.
#ETH is about to make a massive 20% move!ETH is poised to make a move to $2700, representing almost a 21% increase from the current market price (CMP). The breakout from the wedge is clean, and there's a perfect retest happening as we speak. This anticipated movement is expected to trigger significant gains in other altcoins. Some of our gem coins have already started moving, with a few experiencing gains ranging from 50% to 100%!
For those interested in futures trading, you can use this chart with the right stop-loss (SL) in place.
Trade Details:
Entry Range: $2166 to $2255
Target Levels: $2377, $2433, $2544, $2634, $2712
Stop Loss: $2098
It's crucial to use a stop loss, especially in the current high market conditions. Failing to do so might result in giving back hard-earned gains to the market.
Cheers!
If you're interested in more updates, feel free to hit the like button and share your views in the comment section.
Thank you.
#PEACE
*Note: This information is not financial advice. Please conduct your research.*
ETHUSD H4, Looking for a LONG ✅Hello Traders!
This is my perspective related to ETHUSD H4. I see a retracement until approximately 2050, where we have an OB and also, an important resistance level at 2075.
After the manipulation, I will search for a convenient LONG TRADE entry at approximately 2100 level.
Follow, like, and comment to see the daily/weekly content:
www.tradingview.com
#ETHUSDT: Next target 2800$ Happy Weekends Everyone,
BINANCE:ETHUSDT we have got two scenarios with this crypto pair first one is where price continue the bullish trend up to $2800 and the second scenario where we expect price to drop around $2100 region where we can price yet to fill the liquidity void area. However, looking at the current market sentiment we do not think that price can drop to that area as sellers volume is very low at the moment.
Good luck and trade safe ;)
ETHUSDT Ascending Triangle Pattern!!ETHUSDT (1h Chart) Technical analysis
ETHUSDT (1h Chart) Currently trading at $1973
Buy level: Above $1970
Stop loss: Below $1941
TP1: $1990
TP2: $2030
TP3: $2075
TP4: $2140
Max Leverage 10x
Always keep Stop loss
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ZRX Breakout the descending broadeningDescending Broadening Wedge Pattern Explained
A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines .
A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right.
A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.
ETHUSD 4H : Still bullish ETHUSD
New forecast
Ethereum price trades bounce back downward to conduct some bearish intraday correction, noting that the price is significantly gathering positive momentum, waiting for the price to be stimulated to resume the expected upward trend for the coming period, whose next targets are at 1822 and 1885.
From here, we continue to favor the upward trend in the immediate and short term, supported by the moving average 50, recalling the importance of stability above 1735 to achieve the expected goals.
The expect range trading for today will be between resistance line 1885 and support line 1735 .
support line : 1773 , 1735
resistance line : 1822 , 1885
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
ETHUSD 4H : Support further rise ETHUSD
New forecast
The price of Ethereum (ETHUSD) confirmed the breach of the 1656 level, and is pushing upwards at the opening of the day to approach the 1694 level, providing signs of a trend towards achieving more expected gains during the coming period, noting that crossing the last level will push the price to 1735. As the next main target.
From here, the upward trend will be likely in the immediate term unless the 1656 level is broken and holds below it again.
The expect range trading for this week will be between resistance line 1735 and support line 1656 .
support line : 1666 , 1656
resistance line : 1694 , 1735
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
📈Ethereum analysis, Weekly insight into price behavior📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello dear traders.
Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis.
In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K.
If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Welcome back Ethereum. The Light is always Existing. ETH BULLAgain, we see a bottoming out.
We've seen it before.
We will see a slowly rising ethereum.
When the breakdowns come, we will witness the leaps.
There is no time left for us to lose.
The market is back.
We will see slow motion. There will be fluctuations.
Not investment advice.