Ethereum (ETHUSDT) | good area to climb📍Hello traders, Ethereum in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the number of waves we had, the main waves 1 and 2 are certainly over, and in the case of wave 3, I must say that it is complete in our opinion.
Let's look at wave 4:
We see wave 4 starting, because wave 3 is in a good position compared to wave 1, and also the price has broken the orange trend line downwards, giving us confirmation for the start of wave 4.
Structurally, wave 4 will not have much depth compared to wave 2, and in terms of time it is too long or too short.
For this reason, we consider the correction of a triangle and from this correction a wave is being formed.
From wave a, we assume that the microwaves a and b are completed and we are now inside wave c, and when the range 3750 is broken down, we will be sure of the beginning of this wave, and we will consider its target as the motion of wave a.
This move took place and the descent formed and now we are waiting for the ascent for wave b.
But if the Fibonacci 0.38 is broken downwards, the movement will continue until the Fibonacci 0.50, which is abnormal in our opinion.
So we give the probability of climbing from this discomfort to around 3900.
Our view is that if the warning range (4500) is broken, the field is analyzed and these waves are part of the 3 main wave.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Ether
ETHGBP D1 - Long Setup (DCA)ETHGBP D1
Very much the same investing stance on ETH as we have on BTC. We are looking for these daily support trading zones where we can look to average our entries to increase our position size.
The first support region (DCA entry point) would be £2350 ish, or as low as possible around the support region, you'll note we dipped to £2300.
A break beyond this trading zone would take us to around £2000, which again, would be a region where we look to further DCA.
Typically DCA on funds closed from previous highs and overperforming instruments. Close high, add low.
Overview of the Ethereum Bear MarketHi everyone!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
Here is my updated overview of the Weekly Ethereum ETHUSD Bear and Bull Cycles on the log scale. It seems at least for now the Megabull trend expired for Ethereum as expected around December 2021 with a top at $4,800-4,900.
Now a Bear Market is potentially starting but confirmation is needed with Sunday January 2nd's candle closing below the $3,860 1W Bollinger Midband.
There are major signals that cannot be ignored anymore on Ethereum at this point pointing to the Bear Market starting:
- Broke below the 1W Bollinger Midband at $3,860
- Broke its long-term log bull parallel channel similar to 2018
- 1W Momentum indicator flashing a sell signal similar to 2018
- An unconfirmed double top bear reversal at $4,400-4,900
I have also overlapped the 2018-2019's Bear Market's fractal to offer a quick comparison against the current price action. The last time we broke the 1W midband the the log parallel channel we dropped roughly 50%. Should we confirm this full-blown bear market, then look for a final bottom near $780-680 by October 2022 through January 2023 with a $150-100 margin of error.
Please note that the entire setup can be VOIDed if Ethereum regains and closes a Weekly above $4,250
Best of luck and happy trading!
Carl M.
ETH short updateI made a mistake on my last published idea. This is what it should look like.
The yellow line is the old local low set on December 29.
The green line is where we set the short.
Volume on selling rallies is way over moving average.
We are making plays based on the four hour chart. In this view of the one hour chart we can break the four hour candles down. And frankly they look good for short sellers because the sell pressure is strong.
If you made this play don’t forget to take profits. And don’t be greedy. Look for a false buy rally only if above 3500 to sell short: Preferably after at least one green hour. Optimally after three green periods.
Please follow the link to the original post there is more content. Just had to fix the chart here.
ETHUSD Reversing at 2.618 Fib LevelLooking at the chart of Ethereum on the 4-hour time frame we can see that Ethereum is fighting to regain the 2.618 Fib level as support, similar to Bitcoin trying to regain the $47,410 level.
This chart has been difficult to read for the past month, but seems to be a clearer picture now with what they're trying to do and that is accumulation. They're stopping out over-leveraged longs and stop losses before the big pump, reversing it unexpectedly when everyones out of the market.
If Ethereum can close over this 2.618 Fib level and regain it as a level of support, its going to break free of $3,927 and reverse back upwards to the $4,339 - $4,388 distribution zone.
As always please do your own research, I am not a financial advisor.
Long QRDOUSDTLong QRDOUSDT
I will enter this trade after a break and retest of the monthly open zone of 7.65
Entry trigger 4H close below the 7.64
1st target 9.5 zone
2nd target 13.24 zone
Invalidation daily close above the 5.71
Short-term selling opportunities on ETHETHUSD is currently in a downtrend on the H1 timeframe.
In the end of last year we saw a downside impulse which led to a consolidation.
Now, we're looking for the end of this pullback and another downside move.
The first target will be 3523$
Right now, price is inside of a sell zone and if we see a breakout above 4000$ then this setup won't be valid.
We will be following the development closely and in case of any changes we will have to adjust our targets!
Ethereum | Falling Wedge Formation..!!
#ETH (Update)
Forming Descending Wedge Formation in Daily timeframe.
If Wedge Broken Upside, Expecting +30-40% Bullish Wave (Ethereum will lead the #altcoins Rally 🏄♂️)
C'mon Bulls, Send it to New ATH..!!
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ETH - I love how it looks right nowShort term ETH looks like it is ready for some upwards movement. At least for some short squeeze or dead cat bounce before another drop (in correlation with BTC dump, if it occur ofcourse).
- back to trendline (dotted trendline untouched since breakout) ✅
- oversold condition on Stoch RSI on 3D & W chart ✅
- back above RSI trendline ✅
- big wicks on W chart for every drop ✅
The last standEthereum has shown weakness recently and has landed on its key support. It's very important for ethereum to hold this level because below this level ethereum is bearish. Also we can see a pretty big falling wedge which is a bullish pattern so we hope price hold the support and break the falling wedge so we will have a rally. In bearish scenario price loses its support and breaks the bottom of the wedge then next key level will be 2700.
Push like button
Good luck.
ETH - just follow these scenarios!!!ETH, like bitcoin, can follow two main scenarios:
- First and best scenario, a return to the $4135 level, squeezing, and a breakout of the level.
-The second scenario is a decline and a re-low of the $3500 level.
Best time to buy in case of the first scenario and also in case of a false breakout of the $3500 level.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ETHUSD End of 2021 Price TargetsLooking at the 4-hour time frame of Ethereum we can see that just like Bitcoin, it is at a crucial point heading into the new year.
Ethereum found its bottom with the scam wick along the $3,431 level and knocked out all of the over-leveraged longs from early entry prices. From this point on, Ethereum along with many altcoins, has been slowly accumulating and creating higher highs and higher lows.
Just last week, Ethereum finally regained the 2.618 Fibonacci level of support at $3,821 and closed out the support area bullish at $3,821 - $3,921. From here, it gained $4,003 as a level of support and is now headed towards flipping $4,161.
If we can see a flip of the $4,161 resistance into support, Ethereum is headed towards the $4,339 - $4,388 May 2021 ATH price targets for just short of a 10% play.
ETHUSD 100MA Will it HODL?The 100MA has previously been seen as a point of support for price
Price is currently trending just above it, hopefully this is a reversal point and we see a takeoff out of the triangle
The opposing triangle direction to the previous must also be acknowledged and this places a bearish assumption however,
Hopefully price just continues and avoids this emerging rising wedge/triangle