Ethusdlong
Ethereum minimum growth of ➕10%!!!🚀Ethereum seems to have created a 🐻bear trap🐻 (but the 100-SMA held Ethereum well).
According to Elliott Wave theory, Ethereum is completing a c orrective structure .
Ethereum correction structure can be Expanding Flat(ABC/3-3-5) or even Double Three Correction(WXY) .
I expect Ethereum to go up to 🟡 PRZs(Price Reversal Zones) 🟡 after breaking the downtrend line .
Ethereum Analyze ( ETHUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum -> BoooomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting and already rejecting a quite obvious previous weekly structure area at the $1900 level.
You can also see that weekly market structure is overall massively bullish, moving averages are also pointing towards more upside potential so I am now just waiting for any retracement before I then do expect a retest of the next resistance level at the $2400 area.
On the daily timeframe you can see that over the past couple of days Ethereum actually created a bullish double bottom and with today's candle Ethereum is perfectly breaking above the neckline at the $1930 level, so I am now just waiting for a retest of the neckline before I then do expect more upside continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bullish bias in ETHUSD as inverse head shoulder is evidentETHUSD in H4 will go bullish if it breaks neckline i.e 1940 of inverse Head and shoulder pattern . However, if it breaks the last LL i.e. 1790 it would go bearish though bullish bias is dominant as there is bullish divergence and bullish reversal pattern (inverse head and shoulder) on the chart. Plan your both buy/sell entry the break of above mentioned key levels.
Trading ETHUSDT with Elliot WavesHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In today's analysis, I'd like to present an easy-to-follow guide on using Elliot Waves for trading. Elliott Wave theory will require looking for a pattern of five consecutive waves before making a trading decision. Elliott Wave theory begins by identifying two different types of waves.
Impulsive waves : Move in the same direction as the overall trend, 12345
Corrective waves : On the contrary, move against the overall trend. ABC
Elliot Wave strategy needs to follow and abide by some strict rules in order to validate the 5 wave move. The three basic rules are :
Wave 2 never retraces more than 100% of Wave 1. Typically, the retracement is between 50% and 61.8% of wave 1.
Wave 4 never retraces more than 100% of wave 3. Typically, declines between 38.2% and 50% of wave 3.
Wave 3 always travels beyond the end of wave 1 and it’s never the shortest one; Wave 3 will normally extend 161.8 x wave
❗ as above, A is close to Wave 4
There are also cycles within cycles. Think of it as a broccoli stem, where each flower head is composed up of many tiny smaller flower heads:
Elliott Wave theory will require looking for a pattern of five consecutive waves before making a trading decision. Impulsive waves and corrective waves are perfect opposites. The most important thing is to observe the Macro trend before using Elliot Waves in other words, is the price in a bullish cycle or bearish cycle? Here are the basic steps to follow when trading with Elliott Waves:
Step 1: Learn the Theory
The first step is to familiarize yourself with the Elliott Wave Theory, which is based on the idea that financial markets move in predictable patterns. The theory suggests that market prices move in waves, with each wave representing a specific part of the overall trend. The theory identifies two types of waves: impulsive and corrective.
An impulsive wave consists of five smaller waves, which move in the direction of the trend. A corrective wave, on the other hand, consists of three smaller waves, which move against the trend. Understanding the basics of Elliott Wave theory is crucial to trading with Elliott Waves.
Step 2: Identify the Trend
The next step is to identify the trend in the market you want to trade. This can be done by analyzing the price action on the chart. To identify the trend, look for a series of higher highs and higher lows for an uptrend, or lower lows and lower highs for a downtrend.
Step 3: Look for Wave Patterns
Once you've identified the trend, you need to look for wave patterns within the trend. An impulsive wave is made up of five smaller waves, and a corrective wave is made up of three smaller waves . These waves can be identified by analyzing the price action on the chart.
Step 4: Use Indicators to Confirm the Wave Patterns
While identifying wave patterns on the chart is important, it's also a good idea to use indicators to confirm the patterns. Some of my favorites include the Relative Strength Index (RSI) , Moving Averages (MA) and CryptoCheck START v3.
Step 5: Enter and Exit Trades
Once you've identified the trend and wave patterns, and confirmed them with indicators, you can enter a trade. You can use the wave patterns to identify potential entry and exit points. For example, you may want to enter a long position at the start of an impulsive wave and exit when the corrective wave begins.
Step 6: Manage Risk
💭 Finally, it's important to manage risk when trading with Elliott Waves. This can be done by placing stop-loss orders to limit losses if the trade goes against you. It's also a good idea to use proper position sizing to ensure that you're not risking more than you can afford to lose. On the chart I have wave 4-5 hanging in the air atm, let's get to wave 3 first and then we can re-asses where 4-5 may be. Important to note that is is a longer term trading plan.
_______________________
📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎
We thank you for your support !
CryptoCheck
ETHUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Ethereum will pump over 2100 in near future!4h time frame
-
Ethereum initially stop falling here and start consolidating.
We need another rejection from 1930 to clear leveraged positions.
At that time, a potential inverse head and shoulders will create, which target is around 1730.
Further, a huge pump may move on 5/B.
So, there are two entries to long, 1830 and 1730.
Get ready for it!
My 2300 Ethereum idea remains unchangedA few days ago I've written that EthUsd is ready to break above 1930 resistance and fly above 2k zone.
Indeed, Ethereum has broken above both resistances and now is trading comfortably at 2100.
On Friday we have a very short-lived sell-off, but bulls quickly took control, reinforcing my bullish outlook.
I expect a break above the recent consolidation and, as the title says, 2300 is my target.
Ethereum will probably break resistanceAfter the break above 1830 resistance at the beginning of the month, Eth has started to consolidate again in a 100usd range.
The structure is bullish and there are great chances of a break of the resistance.
In such an instance the price could rise to the psychological 2k, but more importantly, it opens the door for technical resistance at 2.3k.
In conclusion, I will keep a close eye on the 1930 level for a solid 20% possible rise.
A drop under 1830 would put Eth in no man's land
ETHUSDT - Broadening Wedge PatternETHUSDT (1D Chart) Technical analysis
ETHUSDT (1D Chart) Currently trading at $1785
Buy level: Above $1800
Stop loss: Below $1550
TP1: $2000
TP2: $2175
TP3: $2450
TP4: $2600
Max Leverage 2x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Ethereum to continue its ascentA few days ago I've written that Eth is bullish and I expect a new local high and a touch of 2k.
Indeed EthUsd broke above the last high and reached 1950, a correction followed and the price dropped to confirm the break as a genuine one.
At this moment there is a high probability for a resumption to the upside and, as I said, 2k could be next.
A break above 2k would expose 2.3k important resistance.
I will remain bullish as long as the price is above 1700
Ethereum to find support at previous highs?Ethereum - 24h expiry - We look to Buy at 1834 (stop at 1784)
Although the market broke to the upside in early trade, bespoke resistance at 1920 capped the gains.
A lower correction is expected.
Previous resistance at 1835 now becomes support.
We look to buy dips.
Daily signals are bullish.
Our profit targets will be 1964 and 1984
Resistance: 1919 / 1940 / 1960
Support: 1900 / 1870 / 1835
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Ethereum Idea | The Bulls attack!Hi traders..
In the next 48 hours, we will see an increase or jump in the price of Ethereum (as well as Bitcoin),
which will reach weekly highs in the short term.
I think Ethereum has 2 high price zones to reach, those prices are probably $1890 and $1990.
I will publish the Bitcoin chart in the next post.
Good Luck
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
*************************** This TITLE is BETTER ************************