Ethereum (Cryptocurrency)
Ethereum's Struggle against Daily 50 EMA - 8th March 2023 AnalysHi Guys!
In this analysis I want to share to you my outlook on Ethereum. What needs to be fulfilled for the bullish scenario to happen, and how far the price may go up, and the bearish scenario as well.
Please let me know your thought and leave a comment if you feel like it's helping
Enjoy!
ETH could we see a new push lower? Hi, traders and TradingView community. Our focus today is on ETH as crypto prices continue to struggle for buyer demand. We have been watching ETH on the daily chart as price continues to hold on at short-term support.
1550 is the level we will be watching today, and if it's broken, this could set off a new leg lower, but sellers need to break this level to get a run going. If buyers can continue to defend this, it could produce a new push higher, but a fair bit needs to be a bit done to start showing a reversal.
Both moving averages are pointing down, and we see the CCI trying to move back into the oversold area. What’s missing is a firm confirmation from sellers with a break of 1550. Will we see it today?
Good trading.
Ethereum -> The Support Will HoldHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum retested once again a very strong previous weekly resistance area and is currently again rejecting this zone towards the downside.
However also just recently we had a bullish ema crossover and are now starting to create weekly bullish market structure, so I am now just waiting for a retest of the previous weekly support zone and then the next impulse towards the upside.
On the daily timeframe market structure is currently bearish, so everything is pointing towards another retest of the $1500 area from which I then also do expect the next daily rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETHUSDT - Fractal from 2021 shows +140% ⬆Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Over the past 3 weeks, I've noticed that fractals from early bull markets during 2018 and 2021 are repeating across the charts. I've made a few updates on charts that have been following similar charts patterns. On Ethereum, I observe similar price behavior around the current resistance zone. If we consider a chart fractal from February 2021, Ethereum could take a brief breather before rallying over $2000. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a daily candle close ABOVE this supply zone , the next logical stop is $2000 and beyond. If you're lucky, you may get another chance to buy a little lower before the rally.
Make sure you have a solid trading plan in place to buy the support zone and sell on the resistance zone. And remember... Don't be a Bob-Trader:
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
🤩 Bitcoin goes UP ... Bob Fomo buys the rally
🤔 Bitcoin corrects ... Bob panics and sells
🤑 Altcoin rallies ... Bob thinks, screw BTC , I'm going all in on this altcoin
😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
🤩 Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story...Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL.
While you're here 👀 Check out this idea on Bitcoin:
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CryptoCheck
Crypto hammered as Silvergate bank issues worry tradersWorries around Silvergate Bank have set off a mini plunge today.
Crypto has seen a worrying Asian session so far, with most coins seeing heavy selling as traders look to take cover as the Sivergate Bank issue continues. The Banks share price lost 50% yesterday, and reports say most major players will suspend automated clearing with other business operations with the bank. Kaken is the only major exchange that looks to be continuing operations with the bank.
Silvergate has seen most of its crypto industry clients leave a day after it announced it would have to review its books with auditors and warned of headwinds. They announced Wednesday they would be delaying their annual 10-K to answer questions from independent auditors and its accounting firm, as well as "regulatory and other inquiries and investigations that are pending." The bank warned in a forward-looking statement that it faced possible inquiries from bank regulators and the U.S. Department of Justice and its ability to "continue as a going concern", which may be affected over the next year.
This is driving fear today, and we will continue monitoring as the updates come out. Let's hope it won't become another contagion, as seen in 2022.
ETHUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Ethereum -> Don't Trust The BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just retested and rejected a quite obvious previous weekly resistance area and is now approaching a previous weekly support zone.
However we are also having a bullish weekly ema crossover and just recently created another higher high, so I am now just waiting for the market to retest the next support zone before then starting the next push towards the upside.
On the daily timeframe you can also see that we are about to retest a previous daily support area, so I am now just waiting for the retest and some bullish confirmation before I then do expect the next push towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
BTC / ETH / HEX WEEKLY LOOK! WHAT's NEXT?BTC - INSIDE Day , Possible reversal on the week (21K target).Will 20K be retested??.. Next Target upside $25300 area needs to break and hold.
ETH - INSIDE Day , Possible reversal on the week ($1450 target)... Next upside Target $1750 area needs to break and hold.
HEX - 2 Down Day , Possible reversal on the week... Will 0.05 Cents hold? Next upside Target 0.073 needs to break. PULSECHAIN NEWS will help this coin keep raising. This asset has relative strength from BTC/ETH.
What's Next? Wait for the Daily Candle to tell US!
Best of luck in your Trades..
DISCLAIMER: This video is for entertainment purposes only.
ETHUSD - Inside DAY and Week.. YUCK!Inside day -- need to get out of the range of the previous bar (possible 2 down / 2 up reversal)
Inside week -- need to get out of the range of the previous bar
YUCK.................................
Want to see some kind of reversal on the daily to help setup the weekly BREAK to the upside!
What's Next? Wait for the Daily Candle to tell US!
Best of luck in your Trades......
DISCLAIMER: This video is for entertainment purposes only.
Ethereum -> More Upside PotentialHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just recently broke out of a very clear triangle formation and since then already had a pump of about 30% towards the upside.
We have the next clear resistance area coming in at $2000 so I do expect the market to have a bullish move into the zone before finding short term resistance there.
On the daily timeframe I am just waiting for the market to break above the previous resistance zone which we are currently testing once again, and after the break I definitely think the market will finally retest the $2000 area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
HOW TO : Use Gann Fan Correctly This is just one simple way of scaling the fractal dynamic and relation to price with time that works beautifully. And by beautifully, we mean that it has made us a lot of money.
However, making money has barely anything to do with TA, and everything to do with personal discipline and psychology.
There is no reason to have a binary mind of right vs wrong when it comes to simple scales and math that actually work.
Markets are never wrong, but opinions often are.
Trading isn’t about whether you’re right or wrong.
Instead, it’s about how much you make when you’re right, and how much you lose when you’re wrong.
AW Ethereum Analysis - The Definitive Conclusion for Ethereum...As mentioned in the video I have saved the very best for last.
I had to confirm a number of things before I went ahead and created this video.
I have said a number of times that Fibonacci retracements used on Crypto charts for long term moves is pointless.
There is way more pain ahead for Ethereum so I believe it would be a good idea to open your mind to the possibilities.
To just assume that Ethereum will move up exponentially whilst everything else tanks is wishful thinking.
I firmly believe that AriasWave provides all the clues required to make this call and will one day be recognized for doing so.
The proof is in the pudding so I look forward to the results of my calls but most importantly the profits associated with those calls.
See all related and supporting ideas down below in related ideas.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Ethereum -> The Last Chance For BullsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Ethereum just recently broke above a very clear weekly and daily downtrend line and immediately had an agressive pump of about 45% towards the upside, showing that there is definitely some buying pressure in the marekt.
From a weekly timeframe the market then tested previous weekly resistance and already rejected the zone quite nicely towards the downside, so I am now just waiting for bullish price-action before I do expect the continuation towards the upside.
From a daily timeframe we are still sitting at a previous support zone, which is the last support area before the market will make another 10% drop towards the downside so I am now just waiting to see if bulls can actually defend this support zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Here's What I see for Bitcoin and CryptoTraders/Investors,
Everything is playing out as expected. This is good news, however, we must always proceed carefully, cautiously, and with good trade strategy. Previously, I indicated what indicators we are waiting for to enter/re-enter this latest bull move. Those indicators have occurred. Now, we must look at what could be next.
Stew