Crypto traders, here’s the latest on Ethereum (ETHUSD) from an Elliott Wave perspective on the 45-minute chart. We’ve observed a complete impulse sequence through wave (5), and it looks like the market has transitioned into a corrective phase. Wave (a) made a significant move down, and after a brief retracement in wave (b), we’re potentially in the midst of wave...
Elliott Wave enthusiasts may observe that ETHUSD is currently exhibiting a pattern that leans towards a SHORT setup. The chart showcases the completion of a corrective wave (b) and potentially the start of an impulsive wave (c) downwards, as indicated by the recent pivot at a Fibonacci retracement level. This potential move down comes after a failed attempt to...
📉Hi Traders, Investors and Speculators of Charts📈 ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern. Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick...
HELLO FIRENDS As i can see ETHUSD is now trading in down trend for looking a strong support zone to make a new higher high so we are expecting this Fib retracement to the 0.61 level is possible and can be a easy target so do not miss the train from selling zone area its overbought now and should be go to given levels its just a trade idea share ur thoughts with...
Ethereum's (ETH) price reached a low of $3,362 on Tuesday after a decline in Bitcoin sent a large part of the crypto market into the red zone. ETH started the second quarter in the red, although historical data suggests that Q2 has been an averagely good month for the largest altcoin. Meanwhile, Vitalik Buterin's post explaining how The Purge could boost...
In the 4-hour timeframe, ETHUSD indicates a bearish trend following a breakout below the ascending trendline. This bearish move is further supported by a correction ranging between 50% to 61%, potentially signaling a continuation of the downtrend. Traders could explore short-selling opportunities after confirming the completion of this corrective phase for...
📉Hi Traders, Investors and Speculators of Charts📈 The scope of corrections (in other words the percentage) is different from one chart to another. On ETH, we see an interesting trend in terms of pullbacks - two smaller corrections before a bigger pullback. This leads me to the conclusion that the next pullback on ETH may only be around 10%. From a technical...
In my opinion, the price action on the lower time frame at the moment is bearish. If price breaks below Friday's low of $2419, there is a good probability of this move becoming a lower high and price retesting the current yearly low. If price were to break below the current yearly low, I believe a tap of $2000 would be very likely. This trade idea is not...
📉Hi Traders, Investors and Speculators of Charts📈 Ethereum has recently taken the spotlight with an amazing 21% increase. If you missed the rally, don't worry! Look for a lower buy back zone while ETH undergoes a correction back to support zones. From a 4h perspective, there is a clear local topout meaning sellers have taken control. There is a strong...
In my opinion, the price is stalling when it should be pumping. I believe a test of near the November open at around $1807 is likely in the cards from here. This trade idea is not financial advice. I am not a financial advisor of any kind. Please do your own analysis, responsibly manage your risk, and stay safe. Thanks for hitting the like button and for following!
The clock is ticking. Devs please do something. $2000 if price doesn't bust a move up soon. This is an update to my previous idea. Just having some fun ;) This trade idea is not financial advice. I am not a financial advisor of any kind. Please do your own analysis, responsibly manage your risk, and stay safe. Thanks for hitting the like button and for following!
In my opinion, if bulls fail to clear above the current high of $2294, bears may show up in full party mode and run a train down to $2000. As I said with BTC, I was expecting more force from bulls, but they are limp right now when they should be strong - but let's see. I'd rather be safe than sorry ;) This trade idea is not financial advice. I am not a...
Hello Traders! This is my perspective related to ETHUSD H4. I see a retracement until approximately 2050, where we have an OB and also, an important resistance level at 2075. After the manipulation, I will search for a convenient LONG TRADE entry at approximately 2100 level. Follow, like, and comment to see the daily/weekly content: www.tradingview.com
#ETH The price of Ethereum has been moving in a transverse channel since July 2022 In the Occasional Price Range 1112 $ to 2112 $ We have now reached the upper limit of that channel and it represents a strong resistance. Some downside expected for the support zone 1150 $ And the rebound from them in 5 bullish waves over the next 3 months, ending with a rise to...
Be aware, ETHUSD is currently at the golden ratio We are not blind How Do I Use the Golden Pocket for Trading? As stated, the golden pocket follows a price reversal. Using the golden pocket increases the likelihood of a good entry point. To use the golden pocket for an asset, information on previous price moves from the charts is the most essential tool.
This corresponds to my bitcoin analysis from a few days ago. If this plays out, Ethereum is currently in a 4th wave (ascending triangle). Above this triangle is also the golden pocket level from the top in 2021. This corresponds to the 1-to-1 from the bottom of the triangle. I am now particularly looking at the level $2,000 - $2,300. On the lower timeframes,...
We are in the Overbought area on the 1D chart. On the 4-hour chart, after returning from the overbought zone, a support was formed which was subsequently broken. This is a clear sign of entry. I plot my risk/reward at 1:4 as on the chart.
Hi Traders, Investors and Speculators of Charts📈📉 As you know, we're trading in the opening moments of a new bullish cycle. Often when quick increases happen, pullbacks and corrections are sure to follow, even during a bull market this is natural. ETH formed a flag, and this gives the opportunity to take either a long or a short. Watch the video for a quick...