Hello Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. ETH is an investment, so here is the technical and logical analysis behind the long term investment.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Master Key for zones
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. ETH is an investment, so here is the technical and logical analysis behind the long term investment.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet - Four day
Monthly
Add positions upon the following, clear directional sell hedges
Confirmation upon the daily
Higher timeframes provide a clearer image.
Look for a three box setup, whereby draw your imbalance, a upper and lower confidence correctional move and set alerts, limits.
Box 1 being imbalance
Box 2 being correctional pullback to retest an imbalance.
Box 3 Target profit at an imbalance
Weekly - as it stands
Where the following Fibonacci Structure fails - the monthly Imbalance will be clear buying
Understanding the Dominance of the market.
Following the BTC dominance and ETH dominance are critical as these are the crypto's which are the market leaders and have pathed the way for Crypto.
On the weekly chart, the BTC has shown a large weekly downtrend in % loss of dominance as multiple other crypto's are now entering the market and beginning to bring new platforms, and values within the ecosystem. The weekly imbalance and monthly imbalance is now being tested with the sell off of the coin which has allowed the imbalance zone to be retested, while this is not fully causative, it does align with the technical aspect at play. Where price takes the approach of down and right approach as opposed to up and right.
Why is this imbalance important?
It's a major retest of the imbalance since 2018 - imbalances always get retested, this is where the change of hands occur.
ETH Dominance
Price is paying strong attention to the upper imbalance, this is now combining a weekly/monthly imbalance % of 21%, however, price will look to most likely come back to the zone of 17% following the imbalance of the price of ETH, if this subsequent zone breaks, price will look to the 12%, but with the market falling down and right, %dominance can still hold the % probability as other crypto's which are ETH backed will also have relative selling imbalances in play.
Now see the dominance vs the ETH weekly chart for reference
The clear dominance and price action taking place in this weekly imbalance zone aligns. But this metric is now 100% correlated, other factors lay within the movement of funds, volume and
Daily
Price is at a pivot point now whereby price is now looking to "break or reject", be prepared for short selling upon confirmation or buying upon a break.
The main zone is the weekly buy zone where price can fall back to or a continue sell off to the main zone of interest at the 70.5%
Do you enjoy the setups?
- Professional analyst with 5+ years experience in the capital markets
- Focus on technical output not fundamentals
- Position and swing trades
- Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
