Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of an ascending triangle pattern which is a bullish formation. The price of etherium has reached the upper horizontal trendline of this pattern and has a breakout price target of $1655. The price currently trades above the $1200 mark and above the 200 week MA. The closer the price gets to...
Ethereum (ETH), the largest altcoin in terms of market cap, was one of the cryptos that got hit the hardest by the latest bear market. This is evident when looking at Ethereum’s chart. At the moment, ETH’s price is closer to a bottom than a new high. This might be an opportunity in disguise as investors could utilize this as a chance to profit on ETH in the...
Choose your own ETH "Black Death" adventure, likely will mimic the Bubonic Plauge (aka black death) and turn sour in the mid 1300s. The solid black path is the adventure I choose because its the most likely. Dashed black path 2nd most likely. Dotted black path not likely unless Jesus comes back. .
Did some analysis on ETH because 900 to 1200 is a fair range to trade in. I decided to label my charts better so I can better articulate my thoughts. This is for local trades. I will be looking for a divergence on the 24m in order to execute these trades. I hope all is well with everyone! Enjoy the game!
ETH retraced more than 40% from it's recent low of $880. But there is still a dark cloud hanging over it. We can see the regular bearish divergence and RSI is yet to cover it's path. Most importantly, there is a rising wedge formation supported with decreasing volumes. It's a wait to see if and where it breaks down. We will post the update. Some see the inverted...
The ETHUSD on hourly is in in downtrend. A short position is recommended. Upside is limited while downside is still intact.
The impact of interest rate hikes is gradually emerging in the market, and we see that whether it is the oil price or the real estate market, or some indicators such as the consumer confidence index and the US PMI are all declining. Even in the cryptocurrency market, when you switch to 4h or lower-level chart, you will find that in the main trading-time in the...
ETH break its support area. may it retest its next support and then go up
Pivot Point: 1075 Currently: Resisted at 1040 and retraced back to 994 Reaction: Consolidating at this 1121 level , its next support zone is at 1150 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just...
Based on the previous fib and the trendline support of in the CMF, can expect a bounce here at 1162 (0.5 fib) to complete wave 4 of the developing diagonal (count not labeled but this is likely corrective B of bigger downtrend). If bounces at 1160s I’d expect 1 more leg up to complete 5 of diagonal at 3400s (1.272). Same as 3 extended from 1. After 1340s will...
ETHUSD - Bearish Engulfing forming on hourly Chart
#ETH ▪️Ethereum has formed a falling wedge. In the near future I expect to see it at a price of $ 1050-1100. 💎In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas per day.
a swift move beyond this confluence will indicate that buyers are back in control.
POSITION:- Long REASON:- Consecutive Higher Highs ENTRY:- Current Market Price TAKE PROFIT:- 1345.59 STOP LOSS:- 1170 RISK TO REWARD RATION: 1:1
update . Took first entry & got stopped out & now in a 2nd trade after coch tested 3hr ob ,just after failing to break resistance . SL above 3hr ob possible TP1&2 on 1hr ob.
Hey , Sup Guys and Girls?! It seems that Ethereuem has been following the bars pattern that are given from previous movement of ETHUSD (2018-19) ,in the past analysis so far! so now , as you can see its already fell on the bottom of its mega channel which it doesn't mean it cannot decline more , because the overall trend is still bearish and can even...
My primary count considers that we still need Black Wave 5 to occur before we finish the correction. The pullbacks in the downtrend (see blue circles) have been VERY shallow, so we may just see sideways movement before the next drop. Also, we haven´t yet reached 100% A-B extension, at 872.79. It is typical that zig-zags reach at least 100% extensions. I´m not...