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...
Trade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25% and reached our near-term target of $4K. However, it got overbought (RSI ~ 70) and is pulling back on some profit taking. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $4K to signal...
Trade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25%, broke above $3,700 resistance and is approaching our near-term target of $4K. It's a bit overbought (RSI ~ 70). Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $4K to signal continuation...
#ETH #Ethereum chart shows a perfect Falling Bullish Wedge formation. It has broken the resistance and maintained above it, confirming the bullish momentum. All we need to do is buckle up. The rise of Ethereum typically signals a revival in altcoins as well.
Trade setup : Trends are mixed but price remains above 200-day moving average, which keeps the long-term uptrend intact. It’s now trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a...
This looks like the perfect moments for sideliners to go in. Also the ones that have sold the previous local top to reenter.
Trade setup : After getting rejected 3x at $2,400 resistance, ETH finally had a bullish breakout from Sideways Channel ($2,150 - $2,400), which signals resumption of uptrend, with upside to $2,750 next. Price has now pulled back to retest that breakout level. Stop Loss (SL) at $2,270 (5% below breakout level). ETH is likely to benefit from upcoming launch (May...
Trade setup : After getting rejected 3x at $2,400 resistance, ETH finally had a bullish breakout from Sideways Channel ($2,150 - $2,400), which signals resumption of uptrend, with upside to $2,750 next. Stop Loss (SL) at $2,270 (5% below breakout level). ETH is likely to benefit from upcoming launch (May 2024) of Ethereum Spot ETF. Which related altcoins will...
Trade setup : Following a bullish breakout from Ascending Triangle pattern, above $2,150 key level, price has reached our target of $2,400 resistance. Now we wait for price to either 1) break above $2,400 to signal continuation of uptrend, with upside to $2,750 next, or 2) pull back near $2,150 support for a swing trade entry in Uptrend with upside potential back...
🎄Merry Christmas! 💫Happy Holidays! I hope all of your Christmas wishes come true. ✅ Ethereum(ETH) managed to form a Three Falling Peaks Pattern near the 🔴 Heavy Resistance zone($2,540_$2,300) 🔴 and 🟡 Price Reversal Zone (PRZ) 🟡. 📚What is the Three Falling Peaks Pattern❗️❓ 🔸 The three falling peaks pattern consists of three peaks and two valleys of give or...
ETH is nicely following my plan. Price touched my resistance level and dropped. To complete my main ideas we just need a little retest of the main trendline, that means a bounce from here. I will not enter long, because my plan is to short the bounce at trendline
Ethereum bounced off the lower boundary of descending channel. Bullish movement to resistance level at 1870 is possible.
BTC has stopped rising and started a consolidation since touching 30K and so did altcoins. Next viable supports of ETH as a leader for altcoins are depicted in this post. keep in touch to ask your questions.
2h time frame - Refer to the previous structure from Mar 27 to April 17 We can easily predict the next trend of ETH Still have the potential to create harmonic pattern in near future. With this analysis, timing to open short will be around 2200 Get ready for it!
Again, if we skip any thoughts of summer and a big drop to 800 USD per ETH, then we can look forward to a price around 2800 USD soon, then summer may come and the price of mine will drop, or we will skip it towards 9500 USD per ETH, let us be surprised , don't take any of my predictions seriously without your own TA and most of all enjoy your head with SL. I wish...
Ethereum (ETH) technical analysis: Trade setup : Following a breakout of Ascending Triangle, ETH has entered an Uptrend and price has reached $1,700 resistance. It appears consolidating in a Sideways Channel. Now we wait for price to 1) break above $1,700 to resume Uptrend with upside to $2,000, or 2) pull back near $1,500 support for an attractive swing entry...
Good afternoon, dear colleagues! I am glad to welcome everyone who wants to familiarize themselves with my vision of the current situation on this instrument. Is it worth continuing? Please leave a comment. Dear colleagues, I sincerely thank you all for your attention and wish you all success! And remember one thing: "sometimes you win, sometimes you learn"
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Timeframe is on the daily. This chart is a bit sloppy cause there's a lot going on. We still aren't clear on which way Ethereum will go, but we have a bit more data. Before looking at this chart, I want you to look at the previous one. If you look at the previous...