Ethanalysis
The advent of Double Top Pattern The advent of Double Top Pattern and the possibility of a downtrend formation with targets of $ 200 to $ 220
There are no doubt digital currencies, (Crypto Currencies) have a very good future. But it is important to take them as an investment (like stocks) think about going long at the bottom prices.
In the case of Ethereum, according to Elliott waves in the daily chart, the price has reached from the range of $ 86 to the level of $ 488 with 5 ascending waves. And further, the downtrend line is broken, which indicates that the uptrend is beginning. As 5 descending waves have been completed, the price has entered the corrective phase of this uptrend, the first wave of which(wave A) has been completed in the range of 308.42. In wave B from point 2,there is the scenario that the Double Top pattern is formed in the range of $394.80. And the downtrend in the C wave has started from point 2 and for the targets of $ 200 to $ 220.To confirm this downtrend, the price needs to cross the range of $ 332. Besides, if the price crosses the range of 394.80 and then $ 446,
we can be hopeful for the $ 800 target and the uptrend formation.
ETH short-midterm price targetAs we can see, currently ETH price is in a descending triangle and it has the potential to go lower, the next price target for ETH is $255. There are many confluence at this level. Firstly, it is the base area that will become a strong support for ETH. Moreover, it is the 1.618 Fibonacci extension level, and lastly, this target will also be the end of the harmonic impulse wave which ends at 0.886 fib retracement. However, in the short term, ideally, the will be another 3 swings before the descending pattern breaks.
Ethereum Trading Plan on 2hr - Long for nowEthereum has become bullish on 2hr chart with price above the cloud and a potential retest of 369-375 zone quite likely, which is a thin resistance zone and if it successfully breaches it on a candle close, the stronger resistance zone of 392-400 will be tested.
With Momentum, Ethereum will gain the escape velocity to break out into massive range area to see 475-500 zone.
These are visually shown on chart. The near strong support area is 340-350 zone which could become a thin support if price ranges in this zone for long and if it breaks below (also Kumo zone for bear moves), a potential retest of strong support zone of 305-320.
For now, its a long. Progress will be monitored.
ETHUSD 1W-TIMEFRAME ANALYSIS 💡ETHUSD 1W-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for Ethereum
My idea is that ETH will continue to downtrend
Support is between 250 and 230 It would be good to test it, and test of downtrend
The bulls defend these areas strongly
From there we will start the bull market 💪💪💪
I hope my idea is clear
Support me by like and share
Good luck💰💯
ETH - 4 Hour - My Thoughts - 9-24Hello everyone,
Okay here is my call and reason. I'm leaning bearish still with a Neutral call.
Bearish:
1) No real Volume behind this last small pump.
2) Bearish Pin Bar Forming
Neutral:
1) It can go either way, If we open and close above the 21 MA and remain in the newly forming channel bottom, then we should continue the climb to about 360 before seeing any retracement.
2) Although neutral refers to sidways motion on my charts, in this case I don't expect any sideways action, except between .5 and the Golden Pocket (.618) FIB if any.
Bullish:
1) We need to open above the .619 Golden Pocket and inside the possibly newly formed channel bottom.
I am not an Investment adviser, do your own home and compare.
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ETHUSD 4H-TIMEFRAME ANALYSISETHUSD 4H-TIMEFRAME ANALYSIS
ETH broke the support at 355 with high liquidity
Now it is back to test the area that is now resistance
It needs high liquidity to overcome the resistance
My analysis is that ETH will fail
He will have to return to test the temporary resistance at 310
I will update and share other ideas with the upcoming CRYPTO MARKETS movements
Good luck
ETH is ready to go lower to complete (ABC) daily waves ETH is ready to go lower to complete (ABC) daily waves and test the key resistance zone 250$
800$ ETHBoth scenarios are still valid, with having the price crossing the range of USD 446, there is a hope to continue the uptrend in the V wave, which can be extended up to the target of USD 800.
