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Ethusdshort

ETH - HOLD ON to something, DISCOUNTS Incoming !Hi Traders, Investors and Speculators 📈📉 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. Daytime job - Math Teacher. 👩🏫 The markets are correcting lower after a brief increase predominantly following BTC up. By looking at higher timeframes, you can zoom out to see the bigger trend at play and cancel out the volatility and noise on the lower timeframes. The RSI and momentum show that the bears are still very much in control, and Ethereum faces a serious risk of a flash-crash or a slow bleed down to $650 - $800 support zone. This is according to technical indicators Phoenix Ascending and Bollinger Bands . We can confirm this from a trend analysis - there simply isn't a large enough demand zone on the next immediate support zone ($1000) since it has already been tested twice, weakening it. Therefore, the price of ETHUSDT would have to drop more to find sufficient demand - more demand than the supply zone. NOTE that this is not for the short term, but for the near term . Incase you missed it ! Here's the Bitcoin update using the same method; Phoenix Ascending with Bollinger Bands: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
39
ETH is in the 💩 market condition, to be honestSo to be honest I don't know why the interest in ETH and BTC is so high at the moment.Basically, it's all just one big consolidation box, with overall short bias. Everything else is in the charts and related ideas. 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀
COINBASE:ETHUSDShort
by Yelli_trades
26
ETHUSD: Will ETH Have a Bullish Breakout Soon? 😟 Nov. 18This week, we will stick to the 4-hour time frame to analyze the price action in detail! Just like Bitcoin, ETH has not been able to recover significantly from the lows it hit last week. After the sell-off, it tried retracing back to the resistance at $1,280, however, the price was rejected which indicates that the bears are stronger than the bulls at the moment. Until ETH is able to reclaim the resistance at $1,280, an upside movement cannot be seen. ETH has tried breaking the resistance multiple times this week but failed. If the price is able to sustain over $1,280, traders can expect it to rapidly rally to $1,420. Traders can look to buy ETH only once it is able to cross the resistance, as the price can still break down and hit new lows. If the last standing support at $1,071 is broken, expect the price to plunge to the demand zone at $900. It is too early to say which side the price could go to, therefore, we will maintain a neutral outlook for this week! The important price levels for this week are $1,250 and $1,420!
by CoinMarketCap
Ethereum downside which I hate to predict :(Descending Triangle has formed and the price has broken below support This makes the first target around $754. Unfortunately, with the erratic markets with the domino effect of FTX, Alameda, Binance and Bitcoin following - this is causing a major ripple effect. When this happens there is less confidence and more uncertainty with investors, which leads them. 1. Taking their money to more stable markets. 2. Withdrawing their funds all together 3. Depositing their funds in a hard wallet (USB) until all settles. and Ethereum is no exception (despite it being my absolutely favourite crypto). I'm medium term bearish but but long term bullish.
Short
by Timonrosso
1
ETHUSDT SHORT, my honest opinion amid fundamental chaosHi traders and followers. Wanted to update you on the ETH price action (stagnant during the Week-End) but showing some hints on what may come. I am going to prioritize the bearish scenario on all of the 3 possibilities, mainly because we are closed below a 1h orderblock that has been confirmed once and because we closed below my trusty 0.33 FIB. White scenario - the most "boring" i might say, with the price action zig zagging between the block and 0.5 , can transition into a yellow scenario Yellow scenario - Clear break of the 0.5 and straight to 0.66 (as a reminder i use closes below equidistant extremes as targets in this case 0.33 and 0.66) , moderate price action Orange scenario - Most violent of them all , clear break through 0.5 with a possible stop at 0.66 then straight to test the lows, including the 1h supportive orderblock The volume should be picking up with the beginning of the Asian session and we might have some interesting price action going into the overlap. Stay safe.
Short
by SublimeTraders
ETH Nightmare ScenarioThis is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with it. I've seen this dump coming for a while now and was wondering what the news event would be to "cause" it (because everyone knows you can predict when the news events will happen by looking at the charts) - we got our answer with FTX. The "black swan" event that broke the market. Put your hands up and yell "Weeee!" all the way down the rollercoaster. Short everything for financial freedom and then get your money off the exchanges before they freeze withdrawals lol
COINBASE:ETHUSDShort
by DigiLex_LLC
ETH Fib Time/GP/Weekly SupplyETH is currently rejecting at the GP pulled from the August 14th high to our most recent low, which coincides with the weekly supply zone around 1680. At the same time we have a macro fib time pull, marking off Thursday October 27th as a significant date - typically the fib time pulls indicate either a top or a bottom and historically they have fallen on some other critical pivot points in the past. Considering the major resistance that we are currently facing, there is a good chance we will see a retracement from here. I am starting to notice similarities between our current price action and this fractal, which I scaled up to fit. It would also agree with the idea of a retracement from here. I also have a second scenario in mind, but either way I believe ETH will end up in the macro GP from ATH / last weekly fair value gap up in the 2400-2500 area. I will post the second idea shortly.
BYBIT:ETHUSD.PShort
by DigiLex_LLC