As I mentioned in the previous analysis, Ethereum can experience significant growth after breaking out of the wedge, which indeed happened. Now, we can set the target at 2800. If this zone is broken, the price can reach the top of the megaphone pattern.
Previous Analysis
✨We spend hours finding potential opportunities and writing useful ideas, we would be...
ICMARKETS:ETHUSD looks good for a long setup, considering this is forming a perfect bullish pattern, is on a positive order block and the last 2 main dips have already occurred, TP should be around the strong high, close accordingly.
Analyzing the ETH/USDT chart on a daily timeframe, we see a volatile and somewhat bearish trend emerging over the past few months. Here's a detailed breakdown of the chart, highlighting key resistance and support levels, along with insights from the MACD and RSI indicators.
Key Observations:
Trend Analysis: Ethereum has displayed a series of lower highs and...
BITSTAMP:ETHUSD
Possible Targets and explanation idea
➡️2 indicators from my set. The best for swing trading and investments zones
➡️ADZ (lowest indicator) showing we got biggest whales accumulation ever at 880$
➡️Fib retracement end of bull run was in April-May 2021 not in Autumn 2021. Open charts 90% of altcoins and you'll understand
➡️Tested -0.27 zone...
BITSTAMP:ETHUSD
Possible Targets and explanation idea
➡️Trend based fib extension
➡️Amazing test 0.5 level
➡️If we dont drop again under 1420 we Have an all chances to close 0.78 lvl this year 2535 and move forward to the next targets.
➡️Targets conservative but just to be honest i dont think ETH will reach 10K next bull run
➡️ And yes everything that...
In my analysis of the Ethereum (ETH/USDT) daily chart, I've identified key technical elements that are crucial for understanding the current market dynamics. Firstly, it's important to note the failure of the Ichimoku calculation, which may necessitate reapplication or adjustment for a clearer analysis.
The Moving Average Convergence Divergence (MACD) shows a...
Analyzing the ETH/USDT daily chart provides a comprehensive view of Ethereum's current market behavior and potential future movements based on the displayed technical indicators and patterns.
Current Market Position:
As of now, ETH/USDT is trading at around $3,267.79, showing a minor decline of 0.2% on the day. This follows a period of volatility where Ethereum...
ETHUSD Elliott Wave Technical Analysis
Mode: Corrective
Structure: Flat
Position: Wave (c) of (iv)
Direction: Wave (c) of (iv) is still in play
Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point.
Next Direction: Wave (v) which will complete the next higher Degrees...
In this technical analysis of the Ethereum (ETH)/USDT daily chart on Binance, we are reviewing the primary technical indicators and price structures that might influence Ethereum's price movements in the near future.
Price Action and Support/Resistance Levels
The current price of ETH is approximately $3,042.48, showing a recent decline of about 1.93%. The chart...
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from...
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from...
The 1D TF chart for Ethereum shows a consolidation period following a significant uptrend. Key events include the publication of the U.S. Consumer Price Index (CPI) on May 12 and circulating news about the upcoming approval of the Ethereum spot ETF, which caused heightened market activity. On May 20, Ethereum's price surged by 21% in a single day, a significant...
The level on top is the last. We were higher 3 years ago. If we go higher, we can check in the Daily Publications.
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look...
For some context:
Rule of alteration states that if/when W2 is a Flat then W4 can only be either zig zag or triangle.
W(4) "Guideline" (not a rule) :
When the 4th wave finishes its trajectory it is most commonly known the wave A will test the 2 of the wave 5 one degree less and wave C will end somewhere in the price area of wave4 one degree less.
If this ends up...
I can't speak with certainty, but considering the model and approach of Ichimoku and GAP,given the decline of Bitcoin as a recognized indicator in crypto, it can be inferred that the decline of Ethereum is not far-fetched. Bitcoin is projected to decline up to 3900 on a daily basis, with that being the target. Therefore, the decline of Ethereum, based on the...
At the point where we have placed a red arrow on the chart, Ethereum correction has started.
Ethereum seems to be forming a diametric pattern.
It can move from the specified Supply to the specified Demand.
On the Demand range, you can look for buy/long positions.
Closing a daily candle below the invalidation level will violate our buy/long view
For risk...
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. The next morning I adjust the...
