Ethereum is creating a textbook wedge pattern, indicating a breakout soon. The only question remains, to which side? In my experience, these types of patterns are bad in prediction the direction of the next move. The way I use them is to guess on when the next move may occur. And as far as i'm conserned, we're nearing the end of this pattern, indicating we can...
Our preferable scenario was confirmed by the growth of ETH. The upward movement is coming to a local end, and the growth may stop at $1294. A drop in the price of Ethereum below $1253 will mean that the upward wave A has ended.
We continue to follow our preferable scenario in ETH. The fall in small wave iv is complete, and growth in small wave v to $1294 looks most likely. The $1208 level is critical for our upward markup, and if it falls below it, we’ll change our view on Ethereum.
Good morning, colleagues! I continue to think about this instrument. Cryptocurrency markets are having a hard time now, but the hardest times are ahead in my opinion. If we start from what I see on the chart, I can say only one thing that this is not the worst, there will be more, but let's not get ahead of ourselves and thank for what we have. Back to the...
Hello, dear friends! Yesterday we told about Bitcoin , which has to show us just another one leg up before crash. We have almost the same picture on Ethereum , but it has more crash potential and we are going to use it. I decided to open short not only on BTC , but also on ETH . Today I am going to show you the exact level. Let’s take a look at the 1h time...
Hello Traders, the chart for BINANCE:ETHUSDT is clear. I expect a movement to descending trendline that's acting like a resistance then to drop around 600 $
BYBIT:ETHUSDT.P 4H time frame - The original resistance zone was broken and turned into a new support zone. There is a good entry for long if retested 1239~1228. Also gain great risk to reward ratio with following strategy. - Entry: 1228~1239 TP: 1294.5, 1328 SL: 1211
Based on the chart (breakdown from the Bearish Pennant) and World Economic Outlook, I think ETH Ethereum will reach the $600 level by mid 2023 and close the year at around $1000. Looking forward to read your opinion about it.
Looking at the monthly time frame and analyzing the 2017 cycle at large, it took 1096 days for Ethereum to reclaim its previous ATH at ~$1400. From here, we saw the historic cycle upwards almost claiming $5000, but falling a bit short. The top of this cycle with the extension of 1096 days puts Ethereum at reclaiming the previous ATH in late 2024, alike to...
BYBIT:ETHUSDT.P 4H time frame - Obvious resistance can be seen through fib retracement at 1225.8 There is also the pressure structure for ETH. With this trend, we can conduct a strategy which has good risk to reward ratio. - Entry: 1225.8 TP: 1172, 1149 SL: 1245
ETHUSD January 2023 Volatility Analysis Currently the volatility for BTC is at 14.38%, up from 13.56% last month. From the volatility current percentile we are located on 91th place, and based on this we can expect the monthly candle to make the next aprox movement: Bullish : 24.1% Bearish : 29.24% With this in mind we have currently 66.7% that the market is...
Based on my analysis I think its likely price is pulled towards untouched liquidity in the $1260s I also can see there could be a power of three in play here.
I was incorrect with my last idea, I am still new to trading and am still learning new things. We tested the 4 hour Order Block and rejected it well, with a Change of Character. It is very likely we will change to short term bullish before making any lows. I think on the higher time frame there is a symmetrical pattern in play and before making and lows or highs...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
#ETH is currently holding the double bottom support at the black box area after breaking below to the ascending triangle as well as the rising wedge pattern,if eth loses the current sup [port we might expect more dump in the price and eth can test the blue box support area .
#ETH UPDATE. #ETH has already broken below to the rising wedge and currently testing the lower band as the resistance .There re 2 possible moves that could be possible in the upcoming hours but until eth closes above the purple box resistance area longs are risky however shorts are most preferred positions as the chances of eth rejection from current resistance...
Bases on my HTF Analysis and LTF Analysis I reckon we could see a pump up to these levels before making a lower low. I think this could be a good trade setup with good risk management and sizing. NFA.
Let's cut out the psychological pressure of seeing red and look at facts. What's right now dominating the financial markets? Inflation and panic selling. What happens once the dust settles? Think about "investment", what makes it attractive? Crypto currency and specifically the Ethereum is an excellent hedge against inflation, fundamentally. With scarce...