In our previous idea, we argued Ethereum reached a potential top of the bear market rally. However, we remain cautious until we see more signs to confirm our assessment.
Our view is based upon bearish fundamental factors that will persist throughout 2022 and 2023, dragging the global economy into recession and causing risk-off sentiment. In our opinion, the...
On the H4, with price moving within an ascending channel and bouncing off the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 1916.72 where the pullback support is. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 2015.54 where the swing...
Pretty much all cryptocurrency will go back to the price where they started.
Big amount of money is taking out and the fake bullish movement is hypnotizing all normal traders.
I predicted big crash of BTC before and was on the spot.
Check out my previous analysis also.
Tension of high interest rate and lower demand is also the problem.
Monthly MACD and...
We look to Sell a break of 1847 (stop at 1896)
2026 has been pivotal. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term MACD is moving lower. A break of the recent low at 1848 should result in a further move lower. 50 4hour EMA is at 1872. Short term momentum is bearish. 20...
Crucial area for ETH. Looking to bounce of the trend line and start making HH again.
If we do break the trend line to the downside, we will wait and see if we can get back up right away or retest the trend line for a deeper pullback to the downside.
Thats my personal point of view of the market, you should do your own research :)
Looking for price to revisit the areas marked from the previous week. With FOMC news coming out within an hour, it would not surprise me if price whiplashes clearing out both buy-side as well as sell-side liquidity pools. Becarful trading prior to and during the event, I will be waiting for the aftermath then reassess the market.
Ethereum has given up the $2K's but stabilized at $1872. We are seeing strong support at this level confirmed by green triangles on the KRI. The Kovach OBV has leveled off, rescinding highs it made in the $2K's a few days ago. We should have continued support from levels in the $1800's, but after that there is a vacuum zone back to the mid $1700's, with $1653 a...
Until ETH gets below $1800 the chart can still push higher. However I believe the odds are we've topped and are now JUST starting to carve out a pattern to the downside. The forms this wave V can take are ideally and impulsive 5 wave pattern or an ending diagonal. Below $1569 is our first major clue, and below $1277 we get confirmation.
If we have topped, I...
Ethereum on the 4 hour timeframe in a make or break situation on the short term. If it holds the trend and can continue to rise past $2000 then hold price confidently, next step is $2150 at the top end of the range where it may encounter heavy resistance. RSI and MACD are in favour of a bullish move as they both suggest oversold on the H4.
On the bearish side it...
As we saw, ETHUSD rose from 1000$ where we were looking long.
Recently I did an analysis show you how to close out at the right time. This is because you must be AWARE of where to exit and light short..
on an 8% fall after 100% Rise it is reasonable to Assess where you should RE long (lower).
Take profit at the right time and trade it lightly.
Ethereum's correction to the upside went further than I expected, pushed up by the merge event which is expected to happen in mid-September.
We have reached 50% pullback, but I'll only consider the correction over after 1750 support is broken.
Also note that a rising wedge is in in place (green lines), and we could still see a test of the falling gray trendline.
I opened a short in the morning around at the 0.618 fib level. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍
And that's the main reasons I decided to take a long on ETH :
► Confirmation of pullback of the ressistance (grey box and orange line)
► Retrace of the 0.618-0.65 fib level
► Tripple Top
► High risk...
Solid hold at 200EMA with a push to 1950 however momentum took a steep turn to send us back down to long-term trendline.
Current support/resistance can be seen at the indicated buffers along with the priceline buffer between 1800-1900.
The goal for today is to remain at or above long-term trendline to close out D1 or until we reach next convergence...
Ethereum – the world’s second-most famous blockchain network – is a platform for creating decentralized applications based on blockchain and smart contract technology (a command that automatically enforces the terms of the agreement based on a given algorithm). Its cryptocurrency is listed under the symbol ETH and is also used for various transaction costs on the Ethereum network, such as gas fees (which can be infamously high at times).