Traders, This is a good zone to buy ETH. Personally longing for short term since we have not yet seen it run and rumors about ETH ETF.
Ethereum (ETH/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 2,262.59 Why we like it: There is an overlap resistance level Stop Loss: 2,343.71 Why we like it: There is an overlap resistance that sits above the 23.6% Fibonacci retracement level Take Profit: 2,136.64 Why we...
Refer to my earlier post for the full analysis, but this setup is one of the best I've seen in a while! Best of luck!
Extended 5ths are rare. Most common support after an extention in the 5th wave is the terminus of a wave 2 of the extended wave. Triangle can play the same role of that support. 2 counts presented. Choose yours... Clean area of stops under the current levels. Trigger those? Trap bears
Another failed recovery places ETH back below 2230 to prevent H4 MACD divergence. A double-bottom or symmetric fillout is now possible with the latter likely keeping us from re-touching wedge support. The highlight has been extended to include additional breakout PA + early December. www.tradingview.com
Ethereum bounced perfectly off of key weekly support at $2159. This is the reason that I shared high time frame support and resistance a few weeks ago, to gives us really key areas where we could look for entries and exits. Keep in mind, Larry Fink is about to push Ethereum and the spot ETF for the next few months, just like he did with Bitcoin in advance of the...
U.Today - Ethereum finds itself shaky on the edge of a precarious position. The recent price chart indicates a concerning situation: the 100-day Exponential Moving Average (EMA), a key indicator of uptrend momentum, is under threat. If this level fails to hold, Ethereum could see its value dump to the $2,447 mark, a scenario that may well trigger a more pronounced decline.
Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows. The price of Ether fell 5 percent to roughly 2,230 dollars. Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon. Over a one-week horizon, the bearish...
Another sellout positions ETH below 2230 critical with lows touching off wedge support at 2165. Initially I would've considered this as a reversal however with the addition of the adjusted pattern resistance it's possible to assume this simply as fillout. Holding above this zone is imperative for maintaining recovery chances with 2145 as an extension given prior...
Liquidity dump zones and price time areas of resistance and support to watch for the year
ETH is the first crypto across the board to reach equal legs correction. Buy Limit @ 2360 SL @ 2185 T1 @ 2480 T2 @ 2975 Risk 2%
Cryptos are coming sharply lower, after the classical psychological pattern here. There were plenty of traders buying cryptos after ETF launch; and then there is another group that did not book on that big run ahead of the ETF announcement. All of those are now liquidating, making a decline strong and sharp. Looking at the ethereum, price is now now at 2140/70...
Dear Friends , I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
BINANCE:ETHUSD ETHUSD (D) appears to have a pattern of narrowing the price range. Currently, the pattern has been broken. So: Buy current price at 2434.27 SL at 2098.3 TP1 at 2957.48 TP2 at 3849.71 Note: capital management 2%
I am not surprised by the move lower from the highs. We were moving with a descending wedge, the resistance were well respected. Now we have moved sharply lower, and the case starts building up for a BUY strategy, but not as yet, Let the dust settle first. Strategy initially, BUY @ $ 2,165 - 2,180 area and place SL below @ $ 2,115. The profit target I feel may...
BTC ETF traded for 8 days. Except for GBTC, the remaining 10 BTC ETFs are experiencing capital inflows. Most of the funds flowing out of GBTC have flowed into lower-fee BTC ETFs. But for the market, although the long-term bullish trend has not been destroyed, Sell the news has brought about a clear correction. Crypto markets entered a callback period. The next...
After missing entry BTC because of the stop hunt, I take another Sell with ETH in here. A downtrend is clearly, nothing to fear.