Ethusdlong
ETHEREUM NEAR FUTURE ANALYSIS (1HChart)Technical Analysis Summary
ETH /USDT
TREND ANALYSIS
We have 3 Downtrend in red color (1 Long term 2 internal)
We have 1 Uptrend in green color
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow Daily Support Level is a level already tested and is not an entry level I added it only for explanation purposes but it could be a reversal level.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
ETH - two scenarios for Dec./Jan. price actionSince it became a deflationary currency ETH holders are holding much better in bearish market condition.
Recent flash dump was driven by liquidations which you can see even on volume, you don't need onchain or any other tool.
Since ETH broke through previous ATH resistance, the volume has been steadily declining expect for the May crash.
I don't expect new low for ETH in coming weeks. Pullback to daily support and very long trendline (orange scenario) or bullish one (green scenario) are 2 possibilities here in my opinion.
Also, notice my two "Untouched trendline since ATH breakout" trendlines which I didn't adjust since ATH breakout. Each time ETH dumped price dropped under it and recover. Because of that I place some buy order in "D support" area for wicks chasing.
In some crazy dump continuation I will wait for consolidation and bottom confirmation before any big buys. I always leave some % of FIAT in wallets. Green boxes are my targets in dump continuation case. I don't expect ETH to drop under "W + M support" box, but who knows, this is crypto and it can always surprise us all.
ETHUSD bouncingDon't forget to Click the follow button for more detailed daily analysis, also if you have any questions, please do ask them!
Here we have our ETHUSD chart.
We have looked long recently and we have confirmation on this Daily candle turning green.
Profit target is off from the current comfortable support up to Key MA's.
Trade small and incorp Proper risk management when dealing with assets like this.
Breaking Down ETHUSD - Another ScenarioThis is a comparison of 2016 ETHUSD to 2020 and current ETHUSD
The 2016 daily chart shows a rising wedge or bullish wedge, leading to a massive increase
The 2020 can be seen to show some similarities such as the 0.382 fib, which is a point of resistance in both cases
I am doing my best to break down ETHUSD it is one of the more interesting charts to view, this is why I have posted multiple charts in the past, linked below. I really just thought this comparison was interesting.
This one below is particularly interesting
Etherem is stronger than Bitcoin ...***
As we have seen these days and in recent months, Ethereum has emerged stronger than Bitcoin.
Ethereum ascents and corrections are reasonable, and in this recent decline, Bitcoin has shown more resistance than bitcoin, and according to the patterns on the chart, there are signs of ascent in it.
I think, unlike Bitcoin, which continues to improve, we will see the growth of Ethereum in the coming days.
I hope this time Queen Ethereum will take the Bitcoin emperor by the hand and pull him up.
Of course, all these scenarios were available for Bitcoin before the fall, but Bitcoin fell.
What mattered was the resistance of the Ethereum to this fall.
In the Ethereum to Bitcoin chart, we also see Atrium to Bitcoin rising.
Finally, my advice in these days of uncertainty is to enter the market with caution ...
#ETH/BTC
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ETHUSDT|1D Current situation analysisHello everyone and welcome to my new idea on ETHUSDT on 1D chart. As always do your DD. Be sure to like if you agree and follow my profile for more ideas.
Few numbers to begin with
1. ETH Major support. We bounced out of it in a big fashion last time. Expected to hold if things go south again.
2.Deciding point on whether we go up or down, I expect we will see in 2 days at max.
3. Previous bullish trend break, followed by sideways trading until now
4. First resistance on the way up
RSI is at about 50% which does not tell us much, MACD looks the same. ETH could really use some catalyst to bring the volume in. My expectation is that next 2 candles will decide on our next move, so I would wait with buying just yet. I remain very bullish in ETH, I keep accumulating more during these times. My realistic PT before EoY is 4800-5200, and 20.000 Eo22.
Happy trading!
ETHUSD - Longer term view! 🐂 🐻We in consolidation for now:
Lows: $4000 areas
Highs: $4800 areas
A break to either direction, a pull back and then continuation to show the direction of trade short term of the formation draw. Either way, longer term I am bullish ETH and any pull backs regarding price, I will be buying in further.
Long term view: A break above, pattern: Cup & handle formation including the shorter term formation, we could easily reach to $5500-$6000 areas. Larger institutional firms are predicting it to go towards $15k-$20k. However, price doesn't always go in a straight line.
Institutional wise ETF & Options etc & the adoption of ETH has more of a use case is far greater than BTC. Allowing the Alt-coins in yr 22 to prosper further.
Disclaimer: NOT FINANCIAL ADVICE.
ETH in the 5th wave UP🚀? ATH NYE?Drawn out on the 4hr chart on ETH.
B U L L I S H !!!
It's so similiar the way the RSI double touch below 30 before going into strong bullish momentum again. COINBASE:ETHUSD
If wave theory is accurate here we should see ATH just around NYE.
This is just my theory and I wouldn't bet against the trend here.
If anyone sees this and has input please tell me! I am open ears to opinions :)
Fibonacci Waves / Weak Market Hypotheses
On the above chart I investigated the relationship and continuation of 'waves' within the Fibonacci Circle. Due to its incredible success, I decided to look over it again.
On this chart I show very comparable formations (formation 1) (formation 2)
Formation 1 is contained within 0.786, while formation 2 extends through the 1 level
Applying the same Logic with the continuation through 2.618, the bars pattern placed is price inverted from previous move through 2.618
The Weak (form) Market Hypothesis suggests " that today’s stock prices reflect all the data of past prices and that no form of technical analysis can be effectively utilized to aid investors in making trading decisions."
I find this interestingly applicable to this scenario, with repeated formations, in repeating fib levels.