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ETH Ethereum: 4H Chart UpdateHello friends, today you can review the technical analysis on a 4H linear scale chart for Ethereum (ETHUSD), a cryptocurrency. 1) The Ethereum price currently broke down from the Symmetrical Triangle Pattern it was forming. 2) If price does not get back into the triangle, it may be supported by a Multi-Month Support Trendline. 3) If that support trendline doesn't hold, it may fall down to the Support and Resistance Area (Box) which is around a 25%-30% price drop. 4) The measured move from the Symmetrical Triangle has the potential to bring the price down to the 1.618 Fibonacci Retracement level. This is also in the Support and Resistance Area. 5) Also note the RSI (relative strength index) also broke down from the bottom support line. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:ETHUSD
by MillionaireEconomics
4
ETH Ethereum: 100% growth from hereHello friends, today you can review the technical analysis on linear scale charts for Ethereum ( ETHUSD ), a cryptocurrency. Quick Analysis: 1) The left two charts are showing a 2017-2018 and 2021 Ethereum chart with similar timeframes. The 2017-2018 chart shows a dip in the price followed up by consolidation before a blow off top. The same fractal seems to be in play with the current (2021) price. The analysis in the 2021 chart on the left shows the assumption that the fractal playing out within the timeframe and price increase similar to 2017. This would mean around December 25, 2021 - December 27, 2021, Ethereum could have a blow off top of $8,500-$8,600. 2) On the right chart shows the Ethereum price on a weekly timeframe showing the price going back to 2017. A Fibonacci Extension analysis was completed showing the 1.618 (Golden Ratio) at $7,908. This may be an area where traders could take profits. It may be possible to still reach the $8,500-$8,600 range with a wick. 3) Though this is just an idea, it may be worth keeping an eye on this if price continues to move in line with the 2017 fractal. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:ETHUSD
by MillionaireEconomics
4
ETH Ethereum: Key Support LineHello friends, today you can review the technical analysis on the 4H (hourly) linear scale chart for Ethereum ( ETHUSD ), a cryptocurrency. #CryptoPickk noted in the chart: 1) There is a multi-month trendline which the Ethereum price has come close to touching or has bounced off. 2) When the trendline was formed, the price was below it and it was serving as resistance, however since January 2021, the line has been serving it as support (except for the summer 2021 crypto crash). 3) This trendline is extremely important to hold and during the most recent crypto crash, it almost touched this line. 4) Also shown in the chart is the VPVR (Visible Range) where the highest amounts of trades are sitting. Currently the price is stilling above a volatile area shown in the rectangular white color box. 5) One key observation is the Volume is not strong since summer 2021. In order to get the Ethereum price to meet new highs, the Volume needs to come in. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:ETHUSD
by MillionaireEconomics
7
ETH Ethereum - Target For UpsideHello friends, today you can review the technical analysis on the 1D (daily) log scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency. When reviewing this chart, keep in mind it is on a macro perspective and not looking at the day to day activity. #CryptoPickk noted in the chart: 1) The Ethereum price has been in a Parallel Channel since the end of 2019 with the price being supported on the bottom and top trendlines. On a macro perspective, the Ethereum price has been moving up a Rising Wedge Pattern (in yellow color) since inception. The price is at the breakout point of the Rising Wedge and at the bottom trendline of the Parallel Channel, so there may be a potential for a break out of the Rising Wedge Pattern in the near term. This would only be considered if Volume comes through. 2) Assuming the Volume comes in and price moves up, the target price is estimated around $16K. This was determined using Fibonacci Extension levels showing the previous Bull Market where the price met the 3.618 Fib level before retracing back down. Assuming that happens again at the 3.618 Fib level, the price would reach a target of around $16,000. 3) Interestingly at $16K range, the price would be above the Parallel Channel Median Line and it may go even higher if it consolidates above the Median Line for a period of time to reach the top of the Parallel Channel. 4) From the BTC upside analysis completed (shown in the idea section below), the estimated timeframe of BTC to hit the All Time High is in March 2022, so assuming Ethereum follows the same trend of 2017-2018, Ethereum would reach an all time high in April 2022. This is shown on the chart. 5) The chart and analysis is based on historical data trends and the price of Ethereum does not need to follow that. It is extremely important to keep a close eye on Bitcoin, economic markets and the financial markets. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:ETHUSD
by MillionaireEconomics
3
ETH Ethereum: Is A Big Move Brewing?Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency and the second largest by Cryptocurrency Market Capitalization. #CryptoPickk notes the following: 1) Ethereum price formed a multi-month Cup and Handle Pattern which broke out at the end of October 2021. The re-test of the trendline happened a few days ago. It also coincided with a multi-month rising trendline (in green) where the price touched as well. 2) Ethereum price is currently headed to push through the all time high around $4,870 before going further up to $6,500. This would be a 39% price increase from the current price level. 3) The $6,500 range is the 1.618 Fibonacci Extension level, which is also the Cup and Handle Pattern target price range. 4) The RSI (relative strength index) recently bounced off the bottom trendline and is moving upwards. Breaking this trendline will have an effect on the price. 5) The Stochastic RSI (Stoch RSI), Money Flow Index (MFI) and MACD are all looking healthy. 6) The Volume is low but there is buying pressure picking up. If there is a large Volume candle that comes it, we can see prices moving up (or down) faster. 7) If the Ethereum price falls below the green colored bottom trendline, which has been significant support for multiple months, we could see much lower prices. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:ETHUSDLong
by MillionaireEconomics
7
An update on Fridays Ethereum idea👌On Friday I shared an Idea on an Ethereum buy. The strategy in using our EDGE trend following script. The script has been set up to work a simple 1:1 RR ratio and look to take snippets out the ETHUSD instrument. Fridays idea can be seen below Friday's Idea went on to hit take profit target and since then a short position presented late last night which also hit TP target. Crypto being a 24/7 market automation is a must so trades like the sell are not missed. As more and more brokers are offering options to trade crypto instruments going forward crypto ideas is something I'll look to share more on this platform. As always the report box at foot of the idea shows the stats for this strategy. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. If your a crypto fan hit that follow button and get ready for even more crypto ideas using our trading scripts 👍 ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
COINBASE:ETHUSDShort
by pow_removetheguesswork
Ethereum droppind to $850 in August 2022If Ethereum repeats the pattern that we saw after its peak in 2018, we might be in a bear market until August 2022, where the price might stabilize at around $850. In 2018-2019, during a period of almost 1.5 year, the price dropped by -88% until the bear market ended, which makes it not far fetched to believe that a drop by around -80% in the price can happen again. Crypto currencies are very volatile after all. The first signal to look for is if the 50 simple moving average crosses the 200 simple moving average, in which case a bear market is confirmed. If the trend lines continue on the same trajectory that we are already seeing, and comparing to what it looked like in 2018, this might happen two months from now in August. If the first signal occurs, the next one will be about one year later, in August 2022, when we might see the end of the bear market. Furthermore, note that in April-May 2018, during a one month period, the price jumped from $400 to $800. Jumps like that might happen again during this fall downwards. So be cautious and avoid getting FOMO.
KRAKEN:ETHUSDShort
by harambe1337
8
ETH: Careful with a triangle breakdown and DUMP.ETHUSDT has significantly dropped since the ATH of may the 15th. with a 60% drop and $2650 down in only 8 days before hitting a local bottom and recovering until the current triangle was formed. This powerful downtrend seems to be stopped right now, as we form this triangle, volume keeps steady. This triangle may soon breakdown, I'm basing this bearish scenario on the following: The current trend is bearish Bearish Kumo twist has already formed ahead The rather bearish Price action of the few last days Based on this I believe this breakdown will be followed by a small bounce from the area of support that consists of previous resistance of 2K to 1.5K range, the 180 EMA, and the Ichimoku cloud. If this bounce is rather weak we will probably continue the downward pull.
Short
by CryptoEstratega
ethereum clean technical analysis current clean impulsive move to the upside recently, price has formed a symmetrical triangle, price has been corrective after reaching all time highs and is currently testing a resistance level neutral outlook on price action here as price can still continue to break above the highs and confirm support at the previous resistance before and impulsive continuation to the upside. there is also a possibility that price break below the current pattern and make a move to the downside after confirmation and move to the downside testing previous support levels again !!!
COINBASE:ETHUSD
by akillizkb
ETH Fall to $1600 or even to $1440! Possible? What do you think?As you can see, the green trendlines mark the forming slowly downtrend channel on 1D timeframe. I see as possible scenario that the price could fall till to the first major which is placed near $1600 ( 4h 50 MA and the 1D 50 MA). This should fit for a sideway movement too. Here the price could rise back to the $1700-$1800 resistance, but if it fails, it should go down to the last deep supports near $1440-$1400. We have to such scenarios as well because these offer good entry options. Do you think it is not as possible as it looks?
BITSTAMP:ETHUSD
by CryptoMexMCO
1
ETHEREUM FALLING SOON hello traders , Welcome to my price forecast Ethereum/usd. Ethereum is moving inside upward channel. there are basically three types of channel directions, one is upward slopping channel which 80 - 90 % of the time break downside second is downward slopping channel which 80 - 90 % of the times break upside . third one is side ways which means market unable to decide the direction and we can trade inside channel with the help of price action. now what is price action ? price action is vast topic but it include candlesticks, support resistance, moving average etc so here we see in Ethereum price is in upward channel and hopefully it will break downside . our target is at support level for now . and we also see bearish divergence which confirms its upcoming fall. safe entry is after blue line break. Thanks for watching my idea , have a green day ..
COINBASE:ETHUSDShort
by laddi
Ethereum New ATH? - +26% Profit - First Target Done. ETH/USDTHello dear friends - well, I congratulate everyone again. And again I have nothing to say - since everything works 94% for all my trading ideas. Yes, do not forget - I also have losses, but they are much, much less frequent than profits. What should I scream from you. Every single recommendation I open here works, and each of you can check it out. Well - will all the targets be achieved? What do you think ?)
Long
by UnknownUnicorn13204076
6