May 6 2024 - Forecast ETHMay 6 2024 - Forecast ETH Actually not sure how this script I have will work on ETH but let's try her out. Longby EnviroElkUpdated 2
$ETH Price Prediction 5/06/2024Resistance holds in at 200EMA/3210 dropping ETH back below short-term EMAs. An ascending pattern has been outlined and will be adjusted if additional points come into play. For now we can expect a drop to 3k but closes should remain above this zone. www.tradingview.comby CheddarBizcuitz2
I'm just checking my calls, don't take this as advice.This is just a test, do not take this as advice. I think we have a fairly significant dip before the next positive turn, possibly all the way to $2400.Shortby purecane110
ETH complete retracement ETH has completed the retracement face and has grabbed liquidity below the previous low but the candle body failed to close below the low now heading to create a shift in market structure ones that happened that will be a confirmation of bullish continuation to all time highby Surviva10
promising uptrend on EthereumEthereum recently broke out of a bullish triangle pattern on the 60-minute chart, suggesting a potential uptrend in the short term. The current bullish momentum appears promising, indicating that ETH might continue to rise throughout the day. Longby Joe_bghlm2
Ep9 Hand-To-Mouth Trading: April and May Competitions, 5/5-5/11In this episode I go over the competitions I participated in April as well the competitions I will participate in May. I also go over economic calendar for the week of 5.5-5.11.03:53by Hand_To_Mouth_Trading0
ETHUSD Is Very Bearish! Short! Please, check our technical outlook for ETHUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 3103.5. The above observations make me that the market will inevitably achieve 2721.1 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 223
Heading into 50% Fibonacci ResistanceEthereum (ETH/USD) is rising towards an overlap resistance that has been identified as the pivot. Could this crypto-currency stall around this level before potentially reversing to drop lower towards the 1st support? Pivot: 3,283.31 1st Support: 2,951.92 1st Resistance: 3,687.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets0
ETH has now good risk reward potential for the upsideAs stated in the video. I see strong Monthly support holding the price. Liquidity was taken now we going to the trendline liquidity and even higher. Lonterm is bullish, but I'm not sure if it's already the time, In but short term we could see this rise. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Long08:24by Dave-FX-Hunter1
Ethereum- Buy on confirmationAfter reaching its peak at 4000 on March 11th, COINBASE:ETHUSD began to correct lower towards the 3000 zone, which is the next important level. Despite bearish attempts to push the price below this level over the past trading month, they have failed each time. The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside. This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250. In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again. Longby Mihai_Iacob1114
$ETH Price Prediction 5/05/2024A successful flip at 3125 triggers short-term EMA divergence as we look to continue past 200EMA. With 200EMA and 3210 close together we can expect a decent amount of resistance at this zone. The possibility of a smaller ascending pattern is in play which would drop us back to 3000. www.tradingview.comby CheddarBizcuitz1
ETH Macro - $7500+ - EWP Wave 5 impulse to start in the coming days/weeks. - Global liquidity in final stages of EWP Falling Wedge (ABCDE) contraction pattern, supporting thesis for liquidity expansion in the near term, possibly into 25, supporting growth in most risk assets. Longby SMShehab6
ETH. Weekly trading levels 4 - 5.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern. Don’t forget to like Rocket and Subscribe!!!by Forex_HobyUpdated 337
ETHUSD Investment Plan - 05/May/2024Hello Traders, Hope you all are doing good!! I expect ETHUSD to go Up after completing this correction. Look for your BUY setups around the marked zone. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.Longby For3xScalper2
We are about to test the resistance of the Eth Bull Flag. if we break 3250 we should go up to test 3500. If we get a hard rejection we will go back to 2850 below that is a fast drop to 2500. I theorize a short squeeze may push bullish break out. This all forms a really large cup and handle that can push us upward of 5kby DeadCatBounceHouse2
ETHUSDTThe Bearish Gartley pattern is a harmonic trading pattern that typically signals a reversal in the price of a financial asset. It's named after H.M. Gartley, who first described it in his book "Profits in the Stock Market" in 1935. The Bearish Gartley pattern is formed by a series of price swings and Fibonacci retracement levels. It looks like an "M" shape on the chart. The key elements of the pattern include: 1. **Initial Impulse Wave (X to A)**: This is the first leg of the pattern, where the price initially moves in the direction of the prevailing trend. 2. **Correction Wave (A to B)**: After the initial impulse, the price retraces, forming wave A to B. This retracement usually constitutes a 61.8% retracement of the initial impulse wave. 3. **Impulse Wave (B to C)**: Following the correction, the price resumes its downward movement, forming wave B to C. 4. **Correction Wave (C to D)**: This wave represents another retracement, typically around 78.6% of the B to C move. 5. **Completion Point (D)**: This is where the pattern completes. It's usually at the confluence of Fibonacci extensions of XA and BC moves. When the price reaches the completion point D, traders may anticipate a reversal to the downside. They often look for confirmation signals like bearish candlestick patterns or divergences in momentum indicators before taking a short position or exiting long positions. Remember, like any technical analysis tool, the Bearish Gartley pattern is not foolproof and should be used in conjunction with other analysis methods and risk management strategies.Shortby B9A-88652-NisarAhmad2