Ethereumlooks like Ethereum is moving inside of a falling wedge on the Daily TF and any time soon in Jan 2022 will break above of the resistance. be prepared..
Ethereumdollar
Can Eth drop to 3k?After the last drop, Ethereum rebounded and had a very short-lived rally above 4k.
However, Ethereum, like all crypto market, in fact, is very weak and the price of Ethereum fall back quickly under 4k.
This is a strong bearish sign for me and I expect a new aggressive leg down, this drop can easily extend to 3k zone.
Only if I see strong buying power and Eth above 4.2k I would rethink this scenario
ETH and BLX - Can it be compared? An idea comparing two points on ETH and BTC
From these two points I have plotted the future of ETHUSD based on BTCs price print
The question is can it be compared
BTC seems like it has more real world applications, while ETH has more internet based applications (possible real world)
This chart does excite me regardless
I am long Ethereum
Plotting How ETHUSD May EvolveTrying to find another parallel channel that conforms to a bear market
The current trend that has formed, (lighter grey with middle dotted) Is going to be major parallel channel in the future I suspect
However if we do see a fall it will fall into the darker grey channel, which is slightly more horizontal
There are multiple support lines along this trendline if it were to form
Common Structure VAXXART & ETHUSDSo interesting that even since 1973 a comparison like this can be drawn to the early days of ETHUSD
I have plotted a bars pattern to see if the commonalities will continue even further
Both start with a rising wedge, that is successful in breaking down.
One major difference however is that ETHUSD is on the daily chart, while VAXXART is on a Monthly chart. Still.
Ethereum back in sells ↘️Back on our Ethereum strategy here using the EDGE trend follow script.
Entry details are shown on the chart we are in a short position.
Trade has been live since 15:00 UK time.
Working the 45M time frame here and we're only looking for TP3.
Previous trades can be found on chart one was a sell that hit TP and a buy which hit SL.
No strategy is 100% right all the time the stats for this one is 63% win rate.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
Strategy has been covered in other ideas of late so make sure to check them out too.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
ETHUSD Double Bullish Rising WedgeAn Idea for ETHUSD showing comparable structures in the current bull run
The rising wedge normally is considered a bearish one, however in this case, it is bullish . As shown by the first rising wedge
The second one will likely result in a larger rise as it is a bigger structural formation
It can also be seen that the previous peak is acting as a support for the current price
Points in white ovals are very similar.
An update on Fridays Ethereum idea👌On Friday I shared an Idea on an Ethereum buy.
The strategy in using our EDGE trend following script.
The script has been set up to work a simple 1:1 RR ratio and look to take snippets out the ETHUSD instrument.
Fridays idea can be seen below
Friday's Idea went on to hit take profit target and since then a short position presented late last night which also hit TP target.
Crypto being a 24/7 market automation is a must so trades like the sell are not missed.
As more and more brokers are offering options to trade crypto instruments going forward crypto ideas is something I'll look to share more on this platform.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
If your a crypto fan hit that follow button and get ready for even more crypto ideas using our trading scripts 👍
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
ETH next target 5356ETH seem on Bullish trend, strong support on EMA 50 TF 1D, strong demand area, still on bullish channel.
The next target is 5356 for new ATH.
What do you think guys? feel free to comments.
ETHUSD Major Bull RetestThe retest is easily observed with the price being above the major bull trend line
Similarities can be seen in the 1,2 annotations
This will be the final retest before major bull activity resumes
Another ETH Scenario ETHUSDW formation price aiming for that 5 point to complete the W
The 50MA is playing a key role on this daily chart, showing consistent bounces off it
It is also within a large ascending channel
ETH #ETH Ethereum Log Chart $24K incoming?This is a monthly chart on a Log scale for Etherum for three cycles. I included in Fibonacci patterns as well as taking into account days. Drop in a comment and I will surely give you my feedback. I am unsure if it is all too possible but $24K ETH to USD seems to be coming soon. Something is brewing for sure. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice.
Continued thoughts on ETHUSDMajor trendline reclaimed up is coming
UPTOBER xD
This has been my general consensus for the past few analyses
What an 11K Ether would look like ETHUSDJust a visual on the moonshot if the price went to 11K the upper range for my predicted target
This moonshot is monstrous
ETHUSD Comparable Points BULLSI just realised on the log chart for ETHUSD that the same structure we are experiencing now is poised between .786 and .618
using this information I can predict I possible top at 11K which is close to my previous target of 8K
Using both these targets ill come to a decision around that area when I will sell (if I will)
Linking important charts that are relevant and you should check out
ETHUSD Update Updated thoughts on ETH
Im not sure if the Top cap value for the ETHBTC pair is accurate, it may only correspond to ETHUSD
Using the ETHUSD chart where it is valid I have placed a target at 8K, i believe it will be fulfilled
You can see how the curved white line (Middle line) is descending upon the major trendline and is forming a rising wedge in the process
This formation 'rising wedge' is considered bearish in the books
See if it holds up or the bullish rising wedge is born
ETHUSD Very strong bull caseEthereum has just landed above a massive major trendline
It has also recovered from a pullback to .786, as it did in its first bull run
If its anything similar to the first bullrun move, the bars pattern I have placed is what we should be looking for
I want 8k
Still not sure whether I should jump out or just hodl through another bear cycle
ETHUSD Looks really bullishEthereum looks really bullish
I want to see how high we can go this time
Consistently bouncing off the 50MA and the curved channel that has formed
The most INSANE scenarios of the YEAR - ETH $5000+ BTC $400 000+I think the optimal case scenario for the ETH would be reaching $5000 by the and of this year, then it should go further even till $10 000 next year.
I am very bullish not only on Ethereum, but on the all crypto market. It is not about technicals, but fundamentals. The current global situation benefits for the crypto markets. Inflation is growing all over the world, pandemic situation gets worse, companies are suffering and so on. I would not be surprized if would be declared a world crisis in the next 12 months. That would skyrocket cryptos to the moon. The panic caused the crisis could raise demand for bitcoin and cryptos.
Okay, it's just an idea, just my opinion on long term, but what if it becomes true? I am curious what are your opinions. It is possibly or no way to happen such things in the near future.
Let's start a conversation about the actual situation of the economy of the world and the key fundamental factors of the crypto market. Please describe your opinion, what do you think where will be cryptos in the next 12 months, let's accumulate all the fundamental factors and possible scenarios here.
Let's see the most insane scenarios of the year.
What's yours?
ETHUSD Daily MA formationI have sketched out how I think the moving averages will develop in the coming days/weeks
I believe this drop is just a fake and a sharp recovery is in order
Having the MA's layered 50,100,200 allows for easy upward movement
Ethereum Daily Idea ETHUSDTwice previously the 50MA has been a point of bullish rejection for price
Will we see a third rejection? and continuation upward?
It seems ETHUSD has built up a large support area that id like to assume will hodl
I want this to go to 8K
I also think Visa's recent purchase of a Cryptopunk NFT is very big news for NFT's and Ethereum and may contribute to a move upwards
ETHUSD Demand !Ethereum can be seen undergoing huge demand
This is demonstrated on the Weekly chart by these long wick ends
Price has consistently been pushed up before candle close
This shows demand throughout this price area
Coupled with a large support area, I expect bullish continuation on the Weekly timeframe based on this observation
The fractal everyone is talking about ETHUSDClear similarities both in price action and in MACD setups
Ethereum right now has a strong bottom setup and will likely hodl this bottom, leading to the bull part of this scenario with the ~200% increase
I have seen versions of this across twitter and Facebook and thought I would address it for my followers
I aim to exit mid next year at by then 8k or higher
