ETHUSDC trade ideas
Intergalactic Bulletin: ETH Who am I to recognize beauty? I'm but a simple cosmic messenger taking a pause in this dimension. But I'll tell you what, when I see beauty, I deeply know it's beauty.
In this beautiful chart, I ritually engaged the soul of Fibonacci. At the time, he was attending a cosmic Pamplona, so maybe his message came through with a bit of bias.
Maybe we see a nice little running of the galactic ETH bulls this week?
Thoughts? Or shall the mind remain still?
Love/Respect
Elliott Wave Ethereum 2.2.2021Notice the divergence on this Daily chart as shown by the red trendlines. This suggests a sharp trend reversal is forthcoming which also supports Elliott count as a C corrective wave is expected in the count following this strong B Wave up. Look for favorable entry points in the $1000 - 1100 range which should allow traders to establish a profitable entry point for the next leg up as this coming C wave plays out over the next few days. Be patient and wait on price decline and the C wave to fully count out before entering a new order at the entry price level as suggested above. Protest gains made in this B wave rally now by setting stops or take profit limit orders. Watch and enter a new position as this coming C wave bottoms in a few days. Good trading.
ETH/USDC 15 Minute Falling WedgeThis falling wedge will terminate and pump approx 40% of the overall height of the wedge then fall to a double bottom bounce slightly higher then the lowest point of the wedge. Then we will uptrend which will consist of three climbs after the double bottom pump. Each climb has a subsequent fall each being slightly more than the last with the 3rd fall being approx 35% of the overall uptrend and then a hard pump. target approx $345-350
ETHUSD - short term correction likelyI applied a Fib fan to the ETHUSD chart.
As you can see below the .382 and the .5 fib lines have been hit by the local highs which have been formed after the top on Feb 15th.
The .5 line acted as resistance at 225 USD and is now the highest trendline in the given time frame.
ETHUSD is overbought on the daily, which is also a good sign for a correction to be imminent.
Zoomed in:
On the fundamental side we can see that the Covid-19 measures are slowly released and the markets are currently optimistic that the whole economy will be able to ramp up again. That's also the reason for the high correlation between crypto and traditional markets, that we haven't seen before the crises. We will have to look closely on index charts like the S&P500, the US30 and CFD's like Gold to spot a possible bear break.
A highly bullish move above the .5 fib trend line could send prices to the 250s again.
In a bearish scenario the price of ETH could still fall back to the 0 fib trend line, what would send prices back to 140s. This would be triggered by a downside break of the .25 fib trend line, that has also been marked in the chart.
The current market behavior reminds me on the 2017 bubble. FOMO was on its highest levels ever and people couldn't resist to hop onto the ride. In the end many lost a fortune when the price declined sharply at the 1400 level. So be careful and set up your trades properly. Good luck!
A relação entre as EMA de 9, 50 e 200 dias com ETH/USDC...Essa interação está realmente única...
Reparem como o preço usou a EMA de 9 dias como suporte, rompeu a EMA de 50 dias, sentiu resistência da EMA de 200 dias, depois usou a de 50 como suporte, e rompeu a de 50 novamente para usar a de 9 dias como suporte!
Vamos esperar algum tempo e ficarmos atentos para observar se a EMA de 9 dias irá ser rompida, o que seria uma indicaçã de baixa, ou se ela atuará como suporte para depois o preço romper as resistências das médias exponenciais de 50 e 200 dias.
Na minha opinião, existe uma boa probabilidade do preço movimentar-se um pouco dentro do canal, para depois ROMPER A EMA DE 9 DIAS E DESVALORIZAR!
AVISO LEGAL: o conteúdo postado nessa página não é conselho financeiro e não deve ser entendido como tel. O propósito dos posts é a INFORMAÇÃO. Invista e faça trocas de ativos baseado no seu próprio julgamento e risco!
Ethereum Goes for $180 Price MarkThe Ethereum (ETH) price has been rising steadily over the past five days. It dropped from a low $154.48 to a high of $174.4 on Tuesday. Also, ETH is currently trading at $172 as the bulls are halting for a while before trying the break the high of $179.32.
In addition to that, the bulls are trading over EMAs on the daily chart. However, the RSI (Relative Strength Index) is getting closer to the overextended zone.
The short-term is bullish for Ethereum as both the daily and 4-hour charts are in uptrends. But ETH’s price has been a little stagnant on the hourly chart.
The 4-hour chart has put a definite bull flag at this point. And the difficulty of proof is on the bears to display some strength. Also, the bears might need to break under $157 to change the 4-hour trend.
The bulls are eyeing at $174.45 as the nearest resistance on the 4-hour chart, then the high of 179.32 daily. After that, the hourly chart is looking choppy and indecisive with pretty long wicks. Likewise, the 2-hour chart showed some long upper wicks, but that is nothing too alarming for the bulls.
For Ethereum, the long-term seems to be in bad shape. The weekly chart is looking positive for ETH. At the same time, the bulls could break over the 5-month parallel descending channel. But until now, they haven’t changed the downtrend yet.
Aside from that, there is a struggle to remain above the 26-period EMA as they received a rejection in the past two weeks. Recently, the price is over the 26-EMA, but it will only count if the bulls can finish the week above it.
The monthly chart is recently in a downtrend, but the bulls could set an Equilibrium pattern. This pattern arises when an asset sets lower highs and higher lows.
Now, the bulls need to confirm a higher low at $116.25 by changing the weekly trend. After they confirm this higher low, they must next confirm a monthly equilibrium pattern. Though the equilibrium does not help either party, it is still better than a downtrend.
Meanwhile, a cryptocurrency mine in Butte Montana fired up its servers, continuing its business without its former owner – an alleged fraudster. Following a legal appearance on the matter, part-owner Kevin Washington and operator Rick Tabish launched up the crypto mining business CryptoWatt once again. And this pulled operation out of retirement, based on a January 27 press release.
In a report in December 2019, authorities have shut down CryptoWatt after jailing its owner, Matthew Goettsche, on a separate fraud account totaling $722 million.
Tabish stated about the re-opening of the Montana crypto mine, “If the facility shuts down, we all lose… I want to protect the integrity of the facility, and the interests of our employees, the vendors, everybody who works there.”
Furthermore, he also indicated his willingness to deliver the matter to court if needed. And Tabish also noted that the operation would die if left closed for too long.
Why put Stop Loss?
Answer: an example in the screenshot.
SL twice protected the deposit from a global sale.
1)
2)
Friends, remember the golden rule!
SL is your insurance. Capital loss insurance. Insurance is always paid. SL is not a loss, it is a protection fee. The cost of insurance you choose yourself.
Remember!
SL is the best protection for your money.
Recommended:
max Stop Loss 2% of capital.
min Take Profit = SL (risk 2%) * 3.
I wish you and us a big profit!)
