📊#ETH may fall through an M-shaped structure📉⚔️We made two upward attacks to no avail, and a double top structure was formed, which overall looked like an M shape.
🧠If we want our upward attack to be successful, then we need to move downward to gain the liquidity to move upward.📉
And it also gave a short signal according to my RSI trading system.📉
let's see👀
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➡️If you can't grasp the rhythm of futures trading, please follow my footsteps and print money together.
ETHUSDTPERP
ETH USDT 4 Hr Analysis. BINANCE:ETHUSDT
According to my 4-hour ETH analysis, the price is hunting the stop-losses of the previous low-low, and is now consolidating in the 1620-1630 range. The price is expected to move upwards to hunt the liquidity of the upside, as there has been a massive lower-side rejection at the 1611-1598 level in the last 4-hour candle. This indicates that the price is likely to move upwards in the coming hours.
In other words, the price is currently in a range, but there is bullish momentum building. Buyers are expected to push the price higher to hunt the stop-losses of sellers and to take out the liquidity on the upside.
Please note that this is just my analysis and is not financial advice. Please do your own research before making any investment decisions
Strong Buy Signal ETHUSDT.PTimeframe: 15 MIN Trade Signal
#Forex #ETHUSDT.P #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal
Hey traders! 👋 Let's dive into a potential trading opportunity on the ETHUSDT.P pair using technical analysis. 📊
📉 Previously Bearish Trend:
Firstly, on the 15- timeframe, we've been witnessing a bearish trend in the ETHUSDT.P pair. 🐻
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bearish bias.
📈 Buy Level \ Entry Price: 1636.70
🎯 Stop Loss Level: 1630
🚀TP1: 1643
🚀TP2: 1649
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favor! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal
📊#ETH could rebound via descending wedge channel📈We once again found this familiar Breakaway PATTERN on the 4H drawing. Generally, the appearance of this model is accompanied by a reversal.
And we have retraced to around fib0.5. If the response to the buy zone is good, we may rebound here and go to the sell zone.
If there is no HOLD in the buying area as support, then the decline will come again.☕️
let us see👀
📊#ETH symmetrical triangle, dumping is about to begin🚨📉☕️There is not much trading volume on weekends, and the long and short forces are evenly matched, so a symmetrical triangle is formed. Generally, the power to break through this pattern will not be too weak, so please use the necessary risk management✔️💯
📌Don't forget that we are moving within a rising wedge channel. This pattern usually ends with a decline.📉
let us see👀
ETH pump to retest historic uptrend4h time frame
-
According to the huge rebounce today, ETH has high possibility to retest the uptrend which just got broken om August 18th.
Also, there are two reasonable retrace levels and corresponding targets.
Retrace 1733 --> Target 1419~1366
Retrace 1846~1866 --> Target 1253
-
The targets are matching with our previous harmonic analysis
Middle-term trade for Ethereum ETH priceEntry $1831
Stop $1739 (-5%)
Take profit $2794 (+52%)
Potential profit/loss ratio = 10.5/1
So far, the ETHUSDT price is in consolidation in a strong liquidity zone. After the price fix is above $2020, growth may accelerate.
Do you like this format of ideas? Write about it in the comments.
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ETH – Possible Future Scenarios.My Friends.
• The future includes infinite possibilities. Out of all the possible outcomes, I chose three scenarios that are, IMO, the most likely. Of course, I cannot predict the future. I would ask you to consider these scenarios as an exercise and I would appreciate your feedback and suggestions.
• In this post, I am looking for possible long trades, beginning from the most optimistic scenario and proceeding to find potential reversal zones in case ETH loses the uptrend.
Scenario One – The most bullish scenario
• In this scenario, ETH doesn’t lose the uptrend. Instead, it finds support on the junction of the diagonal upward-sloping trendline and the horizontal support at the 1780 level.
• To confirm this scenario, ETH has to surpass the 2146 USDT level to confirm the uptrend.
Scenario Two – ABC correction
• IMO, this is the most likely scenario.
• In this scenario, ETH loses the trendline. It then finds support at the convergence of the 0.382 fib retracement and a nested demand zone. Then, it will push up, in an attempt to reclaim the trendline and fail at the juncture of the trendline and the 1880 horizontal resistance level.
• In this scenario, ETH can turn around, and resume the uptrend between the 0.5 fib to 0.618 fib retracement.
Scenario Three – Straight dump.
• IMO, this scenario is not very likely, or at least not right away. The reason is that bullish sentiment for ETH is still strong. Currently, I don’t see a cause that can create such a scenario.
• In this scenario, the head and shoulders pattern is in full swing, and ETH dumps until it retraces all or most of the uptrend.
Note: I am not an EW expert. I labeled the uptrend as five waves and the correction as three. I
Ethereum is Close to Losing the Uptrend – My Trading PlanTLDR:
• Currently ETH is sitting at support. I think it is weak, but I don’t short support. For all I
know, it can turn around and resume being bullish.
• If ETH breaks below the trendline and tests it as resistance I will short.
• If ETH will break below the trendline without a retest, I will wait for a break below the
horizontal support at 1787 USDT.
• Invalidation: Daily close above the trendline.
• Note: ETH has two demand zones below the horizontal support that may prevent it from
going down too much. Or, even provide a long entry.
The Weaknesses I see in ETH:
1. Unlike bitcoin, ETH did not make a higher high.
2. although ETH Technically made a HL on June 15th, it closed two daily candles below the
upward sloping trendline.
3. in percentage terms, ETH went up by 24.74% in this leg up. The lowest since November of
2022.
4. ETH may be the queen of altcoins but, it is still an altcoin. ETH can go down in price even if
Bitcoin resumes the uptrend.
5. If Bitcoin keeps dumping, IMO ETH will lose the trendline and, possibly the horizontal support
at 1787 USDT.
The Implications of Losing the trendline:
• Usually when an altcoin losses its upward sloping trendline it goes into a deep correction.
Examples:
• MATIC: On April 19th, 2023, Matic lost the upward sloping trendline. On May 8th,
2023, MATIC lost the horizontal support level. It is in a downtrend ever since it lost the
trendline.
• ADA: On May 19th ADA lost its upward sloping trendline. On May 28th, 2023, ADA
tested the trendline for resistance. On June 5th, ADA lost the horizontal support line. ADA
is in a downtrend ever since.
Summary:
• A diagonal trendline is comprised of two axis’s, time, and price. A loss of a diagonal
trendline may be a sign of long-term price decline. I think it is foolish to ignore such a
warning sign.
Trading Plan:
1. If ETH losses the trendline and tests it as resistance. I will short the break below the trendline
with a stoploss above the trendline (daily close). I will share the specifics of such a trade if
and when it will become relevant.
2. If ETH losses the trendline without a retest, I will short a breakdown from the horizontal
support line at 1787 USDT. I will share the specifics of the trade if and when it will become
relevant.
Invalidation:
• Daily close above the upward sloping trendline.
NFA.
What do you think? Please share in the comments.
Best Wishes.
ETH Massive Formation With Huge Breakout Potential!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
In the daily time frame ETH is making this symmetrical triangle pattern, it trending around $1885 currently i am expecting some drop upto the lower level of this pattern which is 255D strong support and then we can expect some bounce after it hit the lower level.
INFO ABOUT SYMMETRICAL TRIANGLE
The Symmetrical Triangle Chart Pattern indicates an ongoing period of price consolidation before the prices break.
A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle’s formation must be bullish.
On the other hand, A bearish symmetrical triangle is a bearish continuation chart pattern, the movement preceding the triangle’s formation must be bearish.
The symmetrical triangle pattern is different from a descending or ascending triangle pattern as both triangles’ lower and upper trend lines slope towards the centre point.
A horizontal upper trendline is formed in ascending triangles that predict a higher breakout. With a descending triangle, a horizontal lower trendline is formed that predicts a lower breakout
The trend lines should be equal in their convergence slope when a symmetrical triangle is formed.
But we still we need a breakout of this symmetrical triangle pattern
we have $2120 and $1950 as resistance
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Ethereum Trading Plan, July 16th – 22nd, 2023Generally, ETH does not inspire me with confidence for the following reasons:
1. ETH is forming a Rising Wedge pattern. This pattern usually breaks to the downside.
2. On the daily TF, ETH is forming a bearish divergence on the MACD. However, the RSI doesn’t show a bearish divergence.
3. On July 14th, ETH deviated above resistance and was rejected. This makes me think that the move-up was just a liquidity grab.
4. Currently, ETH is at the 1930 resistance level. Since April 20th, ETH did not close more than one or two daily candles above this level. Strong resistance.
5. ETH is technically an altcoin, but it wasn’t damaged as much as the other layer ones were recently and I don’t think it will benefit as much either. That is my opinion, feel free to disregard it
Weekly Bias:
• My weekly bias is bearish. My bias is invalidation is if ETH closes a daily candle above 1946 and continues to the upside.
Short Trade Idea:
• Entry: 1931 (I am waiting for the weekly close before entering).
• SL: 1944 (previous daily close).
• Target: 1787
• TP: 1844, 1787.
• If ETH breaks below the wedge and tests it as resistance, I will compound my short.
• I will monitor ETH’s PA as it nears the upward-sloping trendline for a possible reversal.
NFA.
What do you think? Please share in the comments.
Best Wishes.
ETHUSDT: Long Opportunity, The Beginning of Advancing Phase?Hello Fellow Crypto Traders, Here's a Technical Analysis of Ethereum!
ETHUSDT has moved the bullish trendline and EMA200, indicating a positive trend. Subsequently, the price has formed a falling wedge pattern, followed by a breakout of the upper trendline. This breakout suggests the possibility of an upward movement. This possibility is further supported by the formation of a golden cross on the MACD indicator, indicating a likely upward movement toward the target area.
Upon reaching the first target/resistance level, a potential correction scenario may occur, leading the price to retest the historical resistance area or the blue zone before advancing toward the second target.
It is important to note that the roadmap will no longer be valid once the target/support area is reached.
Feel free to support the channel by clicking the rocket button and sharing your opinions in the comments below!
" Disclaimer: This analysis is intended solely for educational purposes and does not constitute a recommendation to take a long or short position on BINANCE:ETHUSDT ."
Ethereum Road Map🗺️!!!(4-hour time frame⏰)Hi everyone👋 (Reading time less than 3 minutes⏰) .
Today I want to show you the 🗺️roadmap🗺️ for Ethereum for the next 7 days in the 4-hour time frame using the Elliott wave theory.
Ethereum has started to form corrective waves after the completion of five impulsive waves; one of the signs of the beginning of corrective waves is the formation of the Head and Shoulders pattern .
Since the main wave A has 5 microwaves, I expect a corrective structure ahead of Ethereum Zigzag(ABC/5-3-5) .
Ethereum has managed to complete the main wave B in the 🟡 Price Reversal Zone(PRZ)-($1,918-$1899)🟡 (One of the signs of the completion of the main wave B is the breaking of the support line).
🌐 News 🌐: Vitalik Buterin Linked Wallet Invested 2013 Ethereum in OKX! Is it a Bearish Signal❗️❓
An address associated with Lookonchain Ethereum founder Vitalik Buterin said it has invested 2,013 ETH (worth $3.76 million) in OKX.
I expect the main wave C to finish near the support line and inside the 🟢 support zone($1,780-$1,750) 🟢.
📚 Educational Tip 📚: One of the signs of confirming the wave count is that wave A basically goes down to the end of wave 4 .
If we look at the ETHBTC chart, we will realize that if the cryptocurrency market falls, Ethereum will be more affected by this fall than Bitcoin.
For more information, I recommend you to read the following post.👇
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.
Eth Fakeout Ethusdt
Seems like Ethereum is going for retest
There was a Fakeout on daily timeframe
I am expecting now 10-20% drop soon
Note : Ideas are personal opinion not financial advice , do your own research and always manage your risk
Good luck
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#ETH shorter time frame trade setup!ETH shorter time frame trade setup!
ETH breakout this EXPANDING TRIANGLE PATTERN and currently bouncing from this support
LONG
Entry-CMP
SL-1899
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
ETH – High confluence Pull back Trade.TLDR:
• This Idea is for those that want to increase position size or to enter long.
• Currently it is not sure we will get a retrace. This Idea is to prepare myself (and you, if you’re interested) in case we get a pull back.
• This Trade is based on Fib levels, EMAs and Fixed Range Volume.
• The 0.382 fib has the most confluence and offers better R: R.
• Please read my previous Ideas (linked) because they provide context.
Pullback Targets:
• 0.236: I couldn’t find additional confluence. If you decide to take a long based on this level put a wide SL (this is just my opinion).
• 0.382: Confluence with the FRV PoC and the 50D EMA. Strong confluence and a healthy pullback that will not kill the bullish momentum.
• Below these levels, I will have to reevaluate.
Trade Idea No. 1:
• Entry: 1855 (0.236 fib)
• SL: 1780 (below the 0.382 fib)
• Target: 2700
• TP: 2000, 2150,2700.
Trade Idea No. 2:
• Entry: 1808
• SL: 1760
• Target: 2700
• TP: 1930, 2150, 2700
NFA.
What do you think? Please share in the comments.
Best wishes to all.
Ethereum – Possible moves for this Trading Week (June 26th).• Ethereum is trading in a range between 1858 – 1916 USD.
• Currently ETH is unable to break the 1930 USD resistance level.
• I expect Market Makers to take advantage of Fed Powell’s speech (June 29 – 30) to take ETH lower. This correction could be a quick liquidity grab, or it may take longer.
• After this correction I think ETH will follow Bitcoin and break the 1930 USD level resistance to the upside. Friday’s (June 30th) PCE number release could be a catalyst to move the market away from the current range.
• Be careful of short wicks up or down. I will look for confirmation before committing to a trade. For example:
Support Levels:
• 1858 USD – Range Low & 0.236 Fib.
• 1830 USD – Liquidity Pool.
• 1820 USD – 21D & 50D EMAs
• 1810 USD – 0.382 Fib & Fixed Range Volume PoC
Resistance Level:
• 1930 – Range high & FRV VAH
• 1990 – Previous Daily level HL
• 2100 – Previous Daily Level HL
Please read My Previous ETH idea (linked) for more context.
NFA.
What do you think? Please share in the comments.
Best wishes to all.