Ethusdshort
ETHUSDWeekly Timeframe
This timeframe indicates a corrective pattern in the overall trend, Drilling down to the daily timeframe for end of trend confirmation in order to get in with the trend.
Daily Timeframe
From this timeframe a reverse symmetrical triangle is spotted and a sub wave for wave A of the corrective pattern, 3 WAVE B is also completed now a 5 WAVE down hourly is to be completed in order for a trend continuation to considered.
HOURLY TIMEFRAME
5 wave move down with a 3 wave internal structure.
Currently in a sub wave B of the final move down.
ETH Sell a break of $1700.Ethereum - Intraday - We look to Sell a break of 1698 (stop at 1751)
Daily signals are bearish.
1700 has been pivotal.
Price action continues to gravitate towards crucial support levels with aggressive selling interest.
A break of bespoke support at 1700, and the move lower is already underway.
Our profit targets will be 1572 and 1552
Resistance: 1800 / 1900 / 2000
Support: 1700 / 1600 / 1500
ETH Will Rebound - 2400$ IS the NEXT TargetI usually make long-term predictions with solid technical analysis. I have posted after a long time. Sorry for that.
This is just a short analysis chart for ETH. Try to understand the chart with the help of Swing high candles. I will post more.
If you have any questions, then ask in the comments section.
ETH Bottom probably not in yetHi everyone,
Looking at the previous bear market I don't believe the bottom is in yet for Ethereum. We are short of a full correction and we need one more deep push down. I am rather surprised because of the bullish sentiment recently on tradingview calling possible bottoms. If you are long enough in crypto you will know that it will go higher than expected in bullmarkets and it will go lower than expected in bear markets. As a matter of fact I think that 1k USD per ETH is a realistic probability while prices are around 1,8k USD per Ethereum. That being said, I don't think we will face a full blown correction lower than that. Overall I think we all will get a fantastic buying oppurtunity when we reach these prices.
In the larger timeframe we will go one more wave higher to complete the structure and eventualy break the previous top of around 4.7k USD per Ethereum. My target is around 10k per Ethereum on the larger timeframe. If we reach these prices it will probably be a gigantic 12 1 elliot wave count. The correction after that will be sudden, horrible and fast. Possible targets are around 0,3k USD per Ethereum.... Stay safe and trade carefully.
The chart speaks for itself, I base my idea on the previous trend lines combined with fibonacci and elliot wave count.
As always this is no financial advise.
ETH Short-Term Scalp off Strong SupportHere's a short-term scalp opportunity I'm taking on ETH. This is a terrible looking chart, but ETH is down over 50% since its April high without a single bounce. It's hitting a pretty strong support area around $1800. I think we have at least a short-term rally before the Fed's announce in June which will likely be to raise rates again. This will probably lead to further selling off of all the markets, which is why this is a short-term scalp.
However, if this occurs, I think it will be an unbelievable opportunity to scoop up so very cheap ETH before the Merge upgrade in August. Let's not forget that ETH is one of the only deflationary cryptos out there. It has burned 2.3mil ETH (or $4.2bil) since the EIP-1559 launch last August! Looking at the Fib retracement, it may be wishful thinking to hit $2400 but I'm aiming for the .382 level before the announcement. At least this is my game plan.
ETHEREUM: HITTING THE RESISTANCE.Hello traders, Ethereum has rallied 10% so far after getting close to the support level of $1700. It's good to see the market making some greens but we need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF. As we can clearly see that ETH is reaching the resistance of $1940 to $1950. With the RSI reaching the overbought zone, it is likely possible that ETH may get rejected soon.
On the other hand, if BTC breaks out and sustains the daily close above the resistance then things may take a positive move.
Trade safely.
ETH Sell a break of $1900.Ethereum - Intraday - We look to Sell a break of 1898 (stop at 1944)
1901 has been pivotal.
Bespoke support is located at 1900.
A break of bespoke support at 1900, and the move lower is already underway.
Daily signals are bearish.
Our profit targets will be 1782 and 1752
Resistance: 2000 / 2060 / 2100
Support: 1950 / 1900 / 1800