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ETHUSD.P trade ideas
Ethereum Eyes $2,480 Break with Double Bottom PatternFxNews —Ethereum has formed a double bottom pattern and is currently testing the $2,480 resistance level. Meanwhile, the Awesome Oscillator signals divergence with green bars approaching the zero line from below. This development in the price action and the AO indicator suggests that Ethereum’s price has the potential to rise further.
From a technical perspective, the bullish wave could resume if ETH/USD exceeds $2,480. In this scenario, the next bullish target could be the $2,560 resistance level.
Conversely, a dip below the $2,380 support would invalidate the bullish outlook.
Market Scenario and Potential Buying OpportunitiesAnalysis of Key Support Levels and Candlestick Pattern Confirmation
The financial markets are often characterised by their volatility and the constant ebb and flow of prices. In this intricate dance, key support levels play a pivotal role in determining the direction of market movements. This aims to provide an in-depth analysis of the current market scenario, focusing on two significant support levels, $2,378.36 and $2,327.67, and the potential buying opportunities that arise should the market break and close below these levels. Additionally, the importance of candlestick pattern confirmation at the $2,035.97 level for a Bullish Deep Crab Pattern setup will be emphasised.
Understanding Support Levels
Support levels are price points on a chart where a security tends to find buying interest as it falls. These levels often act as a floor by preventing the price from being pushed downward. Identifying such levels is crucial for traders, as they help in making informed decisions about entry and exit points in the market.
In the current market scenario, the two significant support levels to watch are $2,378.36 and $2,327.67. These levels have historically shown strong buying interest and have acted as a base for price rebounds. However, should the market break and close below these critical levels, it signals a potential shift in market sentiment.
Significance of the $2,378.36 Support Level
The $2,378.36 level has been a key area of support in the recent trading history. A break below this level would suggest a weakening of the bullish sentiment, prompting traders to reassess their positions. It is essential to observe the market behaviour around this level closely.
Importance of the $2,327.67 Support Level
The $2,327.67 support level is another crucial price point. Historically, this level has provided a strong base for price recoveries.
A break below this level would likely indicate a further decline in market confidence, leading to increased selling pressure.
Waiting for Candlestick Pattern Confirmation
In the event that the market breaks and closes below the two significant support levels, attention should then be directed to the $2,035.97 level.
At this juncture, it is crucial to wait for a candlestick pattern confirmation.
Candlestick patterns are graphical representations of price movements for a given period.
They are widely used by traders to predict future price movements based on past patterns. In this scenario, a candlestick pattern confirmation is required to validate a potential buying opportunity.
Potential Buying Opportunities at $2,035.97
The $2,035.97 level is significant for the Bullish Deep Crab Pattern setup. This advanced harmonic pattern is known for its precision in predicting price reversals. The Bullish Deep Crab Pattern consists of four distinct price movements that create a specific geometric pattern, indicating a potential reversal point.
For a reliable trade entry, it is essential to wait for a candlestick pattern to confirm the validity of this setup. This confirmation ensures that the market is indeed reversing and increases the probability of a successful trade.
The Bullish Deep Crab Pattern
The Bullish Deep Crab Pattern is a harmonic pattern identified by its precise Fibonacci ratios. The structure of the pattern includes:
Confirmation Candlestick Patterns
Several candlestick patterns can serve as confirmation for the Bullish Deep Crab Pattern.
These patterns provide visual cues to traders, signalling a potential shift in market sentiment. Waiting for these confirmations ensures that traders enter the market with a higher degree of confidence.
Conclusion
In summary, the market's behaviour around the significant support levels of $2,378.36 and $2,327.67 is crucial for determining future price movements. Should the market break and close below these levels, the $2,035.97 level becomes the focal point for potential buying opportunities. However, waiting for a candlestick pattern confirmation is essential to validate the Bullish Deep Crab Pattern setup.
By adhering to these technical analysis principles, traders can make informed decisions, minimizing risk and maximizing potential returns. The importance of patience and confirmation cannot be overstated in achieving successful trading outcomes in a volatile market environment.
ETH SHortTaking this trade for the leap competition.
4 hr momentum is down, 1 hour trend is down
Scanner showing strong supply zone on 15 min chart.
ETHUSD Set for Price Gains as Trend Turns BullishWhile Bitcoin is close to its all-time high of March 2024, altcoins such as Ethereum are lagging behind. However, ETHUSD is also set for price gains in the near future. The price has stabilized at a fair value gap and is now showing bullish price action.
The DMI (Weekly Chart) is also showing a change in the sign of the trend from bearish to bullish.
We are therefore bullish for ETHUSD in the coming weeks and months.
Ethereum is about to surge- update on this analysis:
- monthly timeframe is incredibly clear: bears spent 4 months trying to take ETH down but monthly kumo held as rock solid support each and every time
- with buyers showing their conviction, it is now time to test the short sellers
- targets north of 3.5k likely
Ethereum Technical AnalysisFxNews —Ethereum tested and bounced off the ascending trendline on the 4-hour chart. Immediate resistance rests at $2,480. The pullback could extend to the $2,560 resistance if ETH/USD closes and stabilizes above $2,480.
If this scenario unfolds, the bearish outlook would be invalidated. Conversely, a break below the October 25 low at $2,380 would trigger a downtrend that could extend to the $2,300 mark.
Huge Bullrun for Ethereum The support was strong and still taking its bullish over; bears are weaking.
Today is the election; Trump and RFK are the only 2 presidents who support crypto; if trump ever wins the election the whole entire crypto market will skyrocket;
Im not going to say much because we all know whats going to happen in the election;
Bitcoin will road to hit $95K or $100K .. but it will go alot higher.
Ethereum on the other hand will hit EUROTLX:4K , $6K and then $10K.
Buy at your own risk
Oct.29-Nov.04(ETH)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable.
Currently, the differing expectations regarding monetary policy and future inflation between the two candidates in the U.S. election make the election outcome pivotal for the mid-term trajectory of BTC, while also impacting the price of ETH. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations.
Last week, ETH experienced an initial rise followed by a decline, but the overall fluctuations were minimal, remaining within a consolidation range without any significant trend. The WTA indicator showed blue bars representing whales, which disappeared after Saturday, indicating a withdrawal of substantial capital. The ME indicator continues to reflect a bearish trend.
In summary, we anticipate that ETH may continue to oscillate this week. We maintain our previous resistance level at 2800 and support level at 2200.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ETHUSD: Move Down Expected! Sell!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,431.0
Wish you good luck in trading to you all!
Technical Analysis for ETHUSDThis is an update for the H1 ETHUSD chart. Both support has been drawn.if it break upper trend channel. It might retest 2513 region and dip. If it breaks the swing low support at 2379.0, then, in my opinion, the price might dip further dip the 2347-2326 region. Any further changes will be updated.
ETH -40%Using various technical tools, I come to one result and that is more decline. In this analysis, the result is based on EW.
Any green can be a correction wave.
MD
Ethereum is up 8% today, closely following the trajectory laid o
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ETHUSD Trade LogTrade Setup (2/11/2024) - ETH Short in 4H FVG
1. Setup: Enter a short position within the 4-hour Fair Value Gap (FVG), using this area as a potential resistance zone for a bearish move.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Entry confirmation: Wait for the price to move into the 4H FVG and show bearish signals, such as a reversal pattern or rejection wick, before entering.
3. Stop-loss and take-profit:
- Place stop-loss above the upper boundary of the 4H FVG to protect against an unexpected breakout.
- Set take-profit at twice the stop-loss distance to achieve a 1:2 RRR.
4. Additional considerations:
- Monitor for market events or news that could impact ETH volatility.
- Ensure that price action aligns with bearish signals within the FVG for a higher probability of success.
Analyzing the Relationship Between Ethereum and the S&P 500The Fractal Theory and Crypto
The financial markets, often chaotic and unpredictable, can sometimes reveal patterns that repeat themselves over time. This concept, known as fractal theory, suggests that similar patterns can occur across different time frames and asset classes. In recent times, some analysts have drawn parallels between the price movements of Ethereum (ETH) and the S&P 500 index.
The S&P 500 Fractal and ETH
Ethereum's price action may be following a similar pattern to that of the S&P 500 index in 2020.
If this fractal theory holds true, it could have significant implications for the future price of Ethereum. The S&P 500 index experienced a sharp decline in March 2020, followed by a V-shaped recovery. If Ethereum were to follow a similar trajectory, it could potentially surge to new all-time highs.
Key Factors Influencing ETH's Price
While the fractal theory offers an interesting perspective, it's important to consider other factors that could influence Ethereum's price:
1. Network Upgrades: Ethereum's ongoing development, particularly the highly anticipated Shanghai upgrade, could significantly impact its price. This upgrade is expected to unlock staked ETH, potentially increasing market liquidity and driving demand.
2. Global Economic Conditions: Macroeconomic factors, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the price of cryptocurrencies.
3. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and fuel price appreciation. Conversely, stringent regulations could dampen market enthusiasm.
4. Institutional Adoption: Increased adoption by institutional investors can provide significant support to Ethereum's price. As more traditional financial institutions recognize the potential of blockchain technology, they may allocate a portion of their portfolios to cryptocurrencies.
Potential ETH Price Prediction
Based on the fractal theory and other factors, it has been predicted that Ethereum could reach a price of shortly. However, it's crucial to remember that price predictions are inherently uncertain and should be taken with a grain of salt.
Conclusion
While the fractal theory provides an intriguing framework for analyzing Ethereum's price movement, it's essential to consider a range of factors that could influence its future trajectory. As the cryptocurrency market continues to evolve, staying informed and making informed investment decisions remains crucial.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Potential Liquidity Exit in EthereumNotice the multiple attempted breakouts of the bigger bullish channel, as it exist into the smaller bearish channel it gets blocked once more by the green ceiling with a negative slope, the liquidity leaving overall in ethereum
ETHUSD SELL ANALYSIS RISING WEDGE PATTERN Here on Ethusd price form rising wedge pattern and now try to fall so if line 2457.73 break there is a chance of going down more so trader should look for SHORT and target profit of 2238.74 and 1993.60 . Use money management
Ethereum technical analysis (smart money concepts)Ethereum is stuck in a range.
It just tapped into a monthly bearish fvg above.
There is still some fvgs below with also equal lows liquidity resting below current price.
Price could go down and sweep the lows, tap into the bullish fvg below those liquidity, before the real rally.
However, this may not play out if price goes up again and displaces through the monthly bearish fvg above.
I'm waiting for it to either displace through the bearish fvg above to go long.
Or i will wait for it to sweep the liquidity resting below before going long.
These are the 2 key levels
EthUSD update Daily Ethereum update DYOR!!
Hey guys lonf time no see!!
I think it's ETH price drop will not finished.
ETHEREUM - Sell IdeaThe downside trend is accelerating and seems to be moving to the next stage of the cycle. price action has a lot more downside potential in the pipeline. Next significant key-level is at $2285, our official profit target.
ETH to $18,- in five years! The biggest capital robbery ever!This is not just for crypto! All assets will lose their value.
A theory suggesting an impending depression combined with the idea that Bitcoin and other cryptocurrencies might have been created as a "trap" to channel capital back to the state is intriguing and raises important questions. While this view is speculative, there are some interesting aspects to your analysis of economic cycles and the role of governments and central banks.
100-Year Economic Cycle
Historians and economists recognize that long economic cycles, like the Kondratieff wave, involve alternating periods of economic booms and busts over roughly 40-60 years. While the exact duration and frequency vary, some analyses indicate that we are approaching a phase of debt deflation, or even a potential depression. The exponential growth of debt and the sustained low-interest-rate policies support this outlook.
Crypto and the Role of Government
Bitcoin and other cryptocurrencies were originally designed as decentralized, non-government-controlled currencies, independent of banks and states. While it is speculative to claim that governments were behind Bitcoin's creation, it is true that some governments are closely monitoring the crypto market, possibly to manage large capital flows and ensure tax compliance.
However, Bitcoin and other cryptocurrencies do not guarantee protection against economic crashes. Governments could regulate these markets further, affecting their value and accessibility. Central Bank Digital Currencies (CBDCs), for instance, represent a way for governments to exert greater control over digital money flows, which contradicts Bitcoin's original intent.
Fear and the Use of Assets Like Gold and Bitcoin
Concerns around CBDCs, inflation, and geopolitical instability can drive people toward "store of value" assets like gold and Bitcoin. Your point about "fear-driven media" is interesting, as both media and governments can at times amplify fear, which increases demand for alternative assets.
A Possible Future Depression
Many analysts and economists highlight overheated markets and massive debt burdens as warning signs of a financial collapse. Economic cycle downturns are often marked by deflation, rising unemployment, and declining asset prices. The idea that the coming years could be challenging for the global economy is not without basis, particularly if debt burdens become unsustainable or if monetary policy tools are exhausted.
Conclusion
While the notion that governments might use crypto to "reclaim black money" or that crypto was even designed as a tool for wealth redistribution is difficult to substantiate, it is a theory commonly raised by crypto critics. What is clear, however, is that both governments and central banks are actively seeking ways to control capital flows and maximize tax revenue.
All in all, it seems a challenging period lies ahead. We may witness the emergence of new forms of money, like CBDCs, and potentially significant shifts in the economic order.
ETHUSD: Market Is Looking Up! Buy!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,521.5
Wish you good luck in trading to you all!
