ETH/USD LONG SETUP(INVERSE H&S PATTERN)
Ethereum (ETH/USD) remained on the defensive early in the Asian session as the pair continued to orbit the 4250 level after establishing a series of lower highs following its recent new all-time high around the 4461.96 area. Stops were recently elected below the 4175.51 area during the pullback, representing the 50% retracement of the recent appreciating range from 3889.05 to 4461.96. ETH/USD finished October with monthly gains exceeding 40%, and year-to-date gains exceeding 475%. If ETH/USD regains a bid, some upside retracement levels include the 4408.87 and 4413.82 areas.
Additional upside price objectives include the 4491.60, 4504.01, 4523.05, 4633.03, 4793.70, 4895.12, 5035.94, 5060.87, and 5268.46 areas. Following the recent appreciation, downside price retracement levels and areas of potential technical support include the 4025, 3818, 3762, 3550, 3428, 3338, 3113, 3075, and 3035 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 4201.38 and the 200-bar MA (Hourly) at 4202.50.
Technical Support is expected around 3515.25/ 3375.24/ 3235.23 with Stops expected below.
Technical Resistance is expected around 4518.94/ 4633.03/ 4793.70 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Ethusdlong
ETHUSDT TargetsEthereum would need avoid the $4,217 pivot level to support a run at the first major resistance level at $4,535.
Support from the broader market would be needed, however, for Ethereum to break out from last week’s ATH $4,461.96.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Ethereum could test resistance at $5,000 levels before any pullback. The second major resistance level sits at $4,780.
A fall through the $4,217 pivot would bring the first major support level at $3,972 into play.
Barring an extended sell-off in the week, Ethereum should steer clear of sub-$3,800 levels. The second major support level sits at $3,655.
At the time of writing, Ethereum was up by 0.63% to $4,316.98. A mixed start to the week saw Ethereum fall to an early Monday low $4,281.33 before rising to a high $4,328.05.
Ethereum left the major support and resistance levels untested early on.
Long Term Targets For Ethereum :
1st Target = $5000
2th Target = $7000
3th Target = $11000
ETHUSDTETHUSDT
Ether has broken another lvl up and looks like it wants to continue its bull run, for now slow downward range is expected and as long as this range is ABOVE the trend line it has already broken the bullish scenario is on the table…
- What to do now?
We shall wait for this under going pattern to be completed and broken up with enough evidence of power to take its safest long position to the expected areas that you can see on the 4h TF screenshot
This scenario can fail if price goes below the lower trend line, unless thats a SL hunt
ETH Buy a dip setup.Ethereum - Intraday - We look to Buy at 4216 (stop at 4137)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Dips continue to attract buyers.
We look to buy dips.
50 4hour EMA is at 4210.
Our profit targets will be 4439 and 4489
Resistance: 4380 / 4460 / 4500
Support: 4300 / 4200 / 4150
ETH bullish Flag Breakout Pattern | Short Term Price Target ETH | USD
Enter At Breakout Above High ! Price Target will be New All Time High !!!!
It can be complex identifying a bull flag on a chart because the pattern entails several different components. Traders will need to correctly identify and understand these components to trade this pattern successfully. Key things to look out for when trading the bull flag pattern are:
Preceding uptrend (flag pole)
Identify downward sloping consolidation (bull flag)
If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, the retracement ends at less than 38% of the original trend
Enter at bottom of the flag or on the breakout above the high of the upper channel boundary
Look for price to break higher with a length potentially equal to the size of the flag pole
$ETH may not be done just yet. Lets update you on ETH
If you followed my initial analysis, you must be in serious profits now.
We achieved our target of the inverse h&s!
Although the target initially is around 4500 approx, there's still a possibility!
Now, let us continue because the charts never stop.
I do not think eth is done yet because right now the chart is showing a bullish flag formation!
The target of the bullish flag is 10% up from here, approx. around 4750$
Yes, we may have secured some profits, but doesn't seem like eth is done yet! 👀
Show me the chart i'll show you the news ey?
Hope you followed our analysis!
Daily ETH UpdateWith both ETH and BTC sitting close to all-time highs we are seeing a "quiet before the storm" scenario. Trading volume is low and few are willing to commit to new positions. Both buyers and sellers are poised, waiting for a clear signal that the market is going up or down. ETH is sitting comfortably above all lines of support and resistance except for the all-time high, and it's just a bees dick below that. We could see more sideways price action, however, I believe it's just a matter of time now before we see a break to the upside that takes us up into the $75K area. On-chain metrics and fundamentals are strong, and we are seeing a continual fall in the supply of available BTC and ETH on exchanged. I believe that this fundamental pressure is what will be what's needed to push prices through this last resistance and onto new higher levels.
ETH pretty much GOOD, LONG & SHORT!I am just a beginner so please any pros, if you have any advice can you please give me whatever you would like to part with knowledge wise, I am all-ears, please. I believe in ETH, and I believe they will at least capture 2% of the total market share which I believe puts the stock price at $20,000 or more. If the video I watched done by world renowned economist blank, blank....can't remember his name but that is how he explained it. This was also a man who first came out as a champion for BIT and downed ETH, since he has changed his tune with all of the things that have transpired since...that video sold me but I was almost all the way there anyway. I am just gonna need some help and that is scary in the world today because I don't feel like I have a lot of faith in a good portion of my own population, let alone a country I know nothing about. Not to say trust can't be earned and anything can be worked out over time.
If anyone is wondering why I put this up again, it was because I tried to delete my other post on this and it accidentally deleted this one, this chart explains better what I feel about the future of ETH.
ETHUSD Analysis An analysis of the channel that has formed on the 4Hr chart for the ETHUSD pair
Price has moved cleanly through a point of resistance with ease, suggesting further bullish momentum and potentially breaking of the channel
ETH is a great pick for a long
The bars pattern is very speculative
Heres a longer timeframe / more detailed chart
ETH - My view, going to be parabolic?Hello Friends,
Was analyzing ETHUSDT, Very Interesting. Thought to share it with you.
ETH on a nice uptrend channel, forming new ATH.
I see couple of scenarios 1) Cup and Handle, breakout : Target : 6300
2) Channel top scenario : Could be around 18000$
I will explore with channel top scenario in future and keep you posted.
Have fund and enjoy the ride.
Daily ETH UpdateETh, somebody stop it! No wait don't. ETH has been so strong in the last week during this period where BTC has been in a short term correction. ETH literally only stepped out of it's uptrend for a day before being launched straight back into it. When it broke down it fell on three converging lines of support.
1. The top of the consolidation triangle (thick yellow lines).
2. Previous zone of demand (green box, better visible on the four-hour chart).
3. Purple trend line coming through from previous price action (sorry hard to show you on this zoomed in chart).
With all three of these now under the price action and the only thing above it being the previous all-time high I am very bullish on what ETH will do next. I'm loaded up on ETH and some other layer ones now and eagerly watching what happens next.
Ethereum (Long)A Long from here using the daily timeframe has a good Risk : Reward Ratio.
Don't go all in... Build position with time.
Daily ETH UpdateETH has been trading in a range between $3900 and $4240 for five days now. All attempts by the bears to push it down below $3900 have been quickly dealt with by the bulls. I exited my positions in ETH on the 22nd after a sharp rejection from the all-time high. Normally I would have held the course and waited for further confirmation of the downtrend, however, BTC was looking like it was preparing for a bigger move down and I wanted to de-risk. In retrospect, it would have been better to hold. Risk management is like insurance....it costs you money and you only buy it hoping that you'll never need it. As I type this ETH on the 1hr chart is moving back into the upper supply zone. These a good chance of a breakout to the upside is near...
Ethereum Update 25/10/21: 44% from the 161.80% fibs @ $5,974Ethereum is currently only 22% away from the price target at the 127.20% fibs @ $5,068 and 44% from the 161.80% fibs @ $5,974...$6k ETH very soon 🎯🔥🚀, Since the buy signal triggered, Ethereum has grown over 30% retesting the ATH on the 21st October @ $4356. From this move ETH has retraced 5% and looks like it is ready for another retest and soon $5,068🎯
Our current ETH price targets from the current price:
127.20% fibs @ $5,068 (22% Gain)
161.80% fibs @ $5,974 (44% Gain)
261.80% fibs @ $8,592 (108% Gain)
423.60% fibs @ $12,828 (210% Gain)
Please see previous analysis below. Happy Trading :)
Update 14/10/21:Ethereum poised for a parabolic run Target @ $5k. A strong Buy signal was triggered on the Daily Chart (10/10/21) with the 13 EMA crossing up above the 50 SMA . We have been very patient with this move as a fake-out looked likely to form, from the current price level ETH is showing a clear breakout above the 78.60% Fibs, currently Ethereum is only 15% away from the ATH price in May @ $4361. This move to the 161.80% looks like it will be a very impulsive wave and may play out in 2 push phases. From the current price ETH is 42% away from the ATH , since the buy signal triggered ETH has grown over 18%+.
ETH Buy the dip.Ethereum - Intraday - We look to Buy at 3916 (stop at 3828)
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
50 4hour EMA is at 3904.
A lower correction is expected.
Our profit targets will be 4168 and 4228
Resistance: 4170 / 4270 / 4375
Support: 4050 / 3980 / 3920