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Ethusdtshort

Ethereum - Are the bears fighting back?What's up, traders! In today's breakdown, we're taking a look at some possible scenarios for Ethereum in the coming days/weeks. Let's dive right in... Ticker: ETHUSDT Date: 04/23/23 Timeframe: 1H Supply: 1920-1950 (1st red zone), 2040-2065 (2nd red zone) Demand: 1820-1850 (1st green zone), 1685-1720 (2nd green zone) Other key levels: 1880-1890 (grey zone) Commentary: Ethereum has satisfied the Bearish Scenario 1 from our analysis on 04/19/23. We noted how volume was accumulating on the downside and mentioned that a break and retest for further downside would be a great short play which did end up playing out. We have now held demand at ~1820-1850 and continue to respect the key zone ~1880-1890 as supply at the moment. This is a channel that was respected a couple weeks ago for a few days after which we rallied into the highs of ~2150. There are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price hold this ~1820-1850 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around ~1920-1950. This is potentially a scalp setup. ✅ Bullish Scenario 2: you want to see price hold this ~1820-1850 demand, find strength to break the key level of ~1880-1890 and possibly give us a retest of this key zone for a possible move back into supply around ~1920-1950. This will also be a potential scalp setup. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~1920-1950, pull back into it and hold to turn it into demand and possibly rallying back into ~2040-2065, our next supply zone. Day or swing trade setup. 🟥 Bearish Scenario 1: you want to see price approach supply at ~1920-1950, sellers starting to accumulate and possibly catch a break and retest of this supply zone into demand at ~1820-1850 again. This will be the safer downside play - potentially a scalp. 🟥 Bearish Scenario 2: you want to see price break this ~1820-1850 demand, pull back into it and resist to turn it into supply, and find weakness again to possibly move into late March lows around ~1770 or ~1720. Day or swing trade setup.
by QuantVue
6
📈ETHUSDT Price correction scenario📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. According to the recent growth of Ethereum and other altcoins, as well as the fall of Dominance below the level specified in the last idea, there is a possibility of price correction at the same time as the fall of Bitcoin. Price divergences are marked on the chart Don't forget to risk-free your position. Consider the impact of the jobless claims on Thursday. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
ETHUSDT - Re-entry +95.3% ROE from 20x. Reached 2 TPFrom my main review, we reopened positions with the guys and took 2 targets. Taki reached the zone of the golden range of the FIBO grid and we have a price hold. According to the current situation, the cluster analysis indicates accepted limit sales. At this time, we will move the entry to no loss, and we expect the IMB to close the marks. The expectation of a fall is confirmed. 11 position plus Statistics for all positions here. As well as the very fact of the results. To know more about my trading ideas and updates, read the description of my account
Short
by JaegerB
1
ETH Bullish Adam & EveKUCOIN:ETHUSDT ETH sitting in a huge Adam & Eve on the D timeframe with small buildup after breakout. Possible measured move of 50% to 3K level - will take time to develop. Enter on Break and Retest of Breakout. Lower timeframe move already in +15%. All depends on the puppet master - Bitcoin! Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
📈ETH analysis above 1900 level📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. As previously analyzed, Ethereum continued its upward trend and reached above the HKEX:1903 level. In order to continue the upward trend, Ethereum needs to stay above 1850. Don't forget to risk-free your position. Consider the impact of the Shanghai update. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
2
It looks intresting.In fact, I'm already holding a short position with a bit of a minus, but I'm counting on a long trade, I don't like jumping in and jumping in and out of trades five times a month. Overall I agree with this idea (thx @Trader_CD ) is probably a huge Wyckoff accumulation going on and in 2023 we should not expect a significant move out of this range. I rarely watch the 1 hour chart, but here it seems possible to dive into his analysis. 1. We have very tough resistance at $1841 level. 2. Price has fallen off diagonal and tested it from the bottom. 3. Volume flow divergence. The nearest target could be 1589, but I have little interest in that. I am interested in the $600-400 range as a long term target this year. Pay attention to BTC D . Wyckoff accumulation is probably already fully formed there, and the only thing left is to break the ceiling. We must admit that this move will be exhausting and tiring. Races on bear market happen quickly, pullbacks take months, affecting nerves. This time there will be no exception.
Short
by averkie_skila