Hi.
COINBASE:ETHUSD
Today, I want to analyze ETH for you in a 1D time frame so that we can have a MID-term view of ETH regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
➡️ETH has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because...
In our previous analysis, we were bullish from the 1500 area. We pushed up a massive +160%.
As explained in our previous setup, we are in a large correction and expecting one more move lower to complete the wave 4 correction. We appear to have started this final move down and will be looking for confirmation on the break of the red trendline.
There's a small...
In the big picture, extremely BULLISH!!!!!!
!In a small picture!:
MACD crossing down is very likely.
Because macd has failed crossing, which makes the next crossing more realistic.
Crossing down means BUY when the price is in red and there is no sign of green. Support points or resistances are required
Under 3000k soon. The landing level is not known today, only...
On the daily chart below, we can see that ETHUSD has been basically ranging for a month. The cryptocurrency is struggling to take off as hawkish Fed bets are placing a lid on it given that liquidity and looser monetary conditions are the main drivers of Ethereum. The rally since the Silicon Valley Bank collapse was diverging with the MACD which is generally a sign...
I'll be real here. Eth looks fried. It is breaking down against bitcoin as well. It appears to be putting in a lower high on usd pair and vs btc its toast. Its been on my mind and I really hope it doesnt. I do have some shitcoin positions still but not very much. Derisked weeks ago on the pumps and BTC dominance flexing
. Ethereum really needs to put in a long...
Hello everyone, here's my take on ETH over the next few days.
As we know, the Ethereum price is correlated to the Bitcoin price.
As I have a short-term bearish view on the latter (recovering liquidity at $60700 just before halving), I think ETH will retrace into my zone.
This is the OTE zone (between Fibonacci's 0.62 and 0.78) and a daily Order Block is...
ethbtc looks bottomy
btc looks like it might hold 60k and at least test highs
mass liquidation event earlier this week. Largest altcoin apocalypse in a year. Open interest and funding are low
also lel megaphone sort of
Ethereum (ETH/USD) has made a bearish breakout through the pivot. Could the downward momentum potentially carry it lower towards the 1st support?
Pivot: 3,224.00
1st Support: 2,609.35
1st Resistance: 3,693.53
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...
Ethereum (ETH/USD) is faling towards the pivot which has been identified as an overlap support. Could this crypto-currency find support around this region before potentially bouncing higher towards the 1st resistance?
Pivot: 2,847.25
1st Support: 2,685.96
1st Resistance: 3,111.04
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your...
#ETHUSD - H1
📣 Upon analyzing the 1-hour timeframe, we expect that with the break of the descending trend in the range of 3165, there will be potential for price growth towards the range of 3375.
⛔ Stop Loss: 2990
On the other hand, with the break of the range of 2990, one can be optimistic about a price decline towards the range of 2600.
⛔ Stop Loss: 3165
Ethereum is displaying signs of divergence, suggesting a potential breakout towards targets of 3124 and 3270 in the upcoming sessions. Traders should watch for confirmation of the divergence pattern and monitor price action closely.
The MACD indicator draws a potential convergence, which gives us the opportunity to think that we will go to another test of level 3.300
In my opinion, we see a correction to growth that lasted a long time
And we are still within the growing channel
To continue growth, it is optimal to return above 3.200
Which is quite likely as part of the continuation of...
Eight of the top 10 best performing ETFs last week were digital currency funds, largely led by Ethereum futures funds, eft.com writes in its daily note. The best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets.
EY, one of the four major accounting firms, has launched a...
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This pattern is a Grade C
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Decided to relook the strategy and redo the strategy validation by run a manual backtest from 15 March to 18 April where the regime changes from bullish to a bearish range on the D1 chart.
I am aware that once the regime changes and need to revert back to the original Long strategy
New Observation
The pull backs still happen...
On the 4 hour chart, we have a confirmed shift in markets structure indicating a bearish momentum is setting in. The forthcoming bitcoin halving is likely to affect other crypto currencies negatively. The expectation is that as the halving date approaches we will see a lot of selling pressure across the crypto market.
We couldn't be more specific with our take profit point we called it and we hitted it perfectly.
Hope you read the articcle that we published on eth yesterday if yes you nailed it and had a successful trade.
Note we are not responsible for any analysis we just put infront of you what we are looking at and none of our analysis is financial advice
Trade safe!!!
It is likely we will see a bit higher again coming sessions. we are basing (double bottom) and this suggest we could see $ 3,250 again or bit higher.
Strategy BUY @ $ 2,970 - 3,025 and take profit @ $ 3,275 and SL below $ 2,900.
