$ETH - Supports & ResistancesCurrent areas of support and resistance in Ethereum. Watching these areas for entry or take profits points.Longby fortune_001
ETHUSDETHUSD has experienced a notable upward surge recently, characterized by an impulsive move in its price trajectory. This trend suggests a potential opportunity for a long position in the coming week. As the market currently hovers around a critical juncture, marked by a zone of interest, the possibility of a structural breakout followed by a retest presents itself. In anticipation of such a scenario, there's a favorable outlook for initiating a long position. The unfolding of events in the market will ultimately determine the outcome of this strategy.Long05:22by HenokSkillSet2
$ETH Price Prediction 5/16/2024Another rejection at pattern places us back below 3k and short-term EMAs. Consolidation between 2878-3125 is still expected until EOW with a 3k close goal. Note that this keeps us below pattern but may trigger a quick breakout if close goes well. www.tradingview.comby CheddarBizcuitz1
Falling towards pullback support, could it bounce from here?ETH/USD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit. Entry: 2,865.45 Why we like it: There is a pullback support level. Stop loss: 2,814.40 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci projection. Take profit: 3,036.53 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Longby VantageMarkets229
ETH "bearish volume"Same indicator as the previous chart image share of BRK.B. Ethereum shows constant selling pressure using an imaginary indicator of type that may or may not be of any reasonable concern. This information is not meant to determine whether to buy or sell. It is a fact that there is more selling going on than buying yet the buying for some cryptocurrency and some stocks remain winning in their progress. by CryptocurrencyBlot113
Bearish wedge developing on the ETHUSD market Bearish wedge is still developing on ETHUSD and this is happening at the long term 50% retracement, which is at risk of breaking lower in the coming sessions. Shortby ForexAnalytixPipczar0
ETHi am picturing two scenarios for eth, it is still under the 200 ema, and a falling wedge is formed. with the news of etf eth coming soon, i expect a breakout, but first i need it out of the wedge to fully confirm its breakout. it could also play around 2800 area before a clean breakout. i will follow the spot btc etf story pattern as guide(few days time). be confident enough to aim as high 3500 short term and 4500 in long term after the approval of etf. if etf gets declined or postponed... use tight SLLongby Amaizin231222
ETHUSD - More Bull Evidence (MACD)Using the MACD on this monthly timeframe we can see a clear cross allowing bullishness on the monthly timeframe for ETH Just another example of why the market should act very bullish currently. MACD is a great indicator. Longby Bixley3
ETHUS - Daily BullishnessThe bullish activity is evident when you take a look at the descending RSI on this daily timeframe, while the price is moving up. This is a huge divergence and I expect the breakout to be massive The curved pattern in green is where I expect the breakout to occur, which it is very close to. Longby Bixley2
Falling towards pullback support, could it bounce from here?Ethereum (ETH/USD) is falling towards a support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 2,982.64 Why we like it: There is a pullback support level. Stop loss: 2,865.45 Why we like it: Thee is a pullback support level. Take profit: 3,129.78 Why we like it: There is an overlap resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets116
Trade Like A Sniper - Episode 7 - ETHUSD - (16th May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing ETHUSD, starting from the Monthly chart. - R2F27:45by Road_2_Funded3
$ETH Price Prediction 5/15/2024ETH finds it's way back to pattern as we look to hold primarily above 3k. Our goal for the W1 inverse hammer can be also be adjusted to 3k which provides a better close position. The consolidation window is now assumed to be between 2878-3125 until the above occurs. www.tradingview.comby CheddarBizcuitz1
Heading into 61.8% Fibonacci resistance?Ethereum (ETH/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse from this level to the 1st support. Pivot: 3,082.23 1st Support: 2,963.76 1st Resistance: 3,181.69 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets117
Bitcoin up 4% to $64,000 with the Maxpain point now at $62,000The just released CPI data was quite well received. Despite the results being in line with expectations, the crypto market saw significant volatility, with Bitcoin up 4% to $64,000 with the Maxpain point now at $62,000, and moving some short-term sellers into the hedging zone. The options market reacted significantly, with all major term IVs pulling up quickly to new highs for the month, with the recent flat market causing major term options IV to drop to new lows at one point this year, thus making them extremely cost effective for buyers, with every recent event driver worth buying options for. ETH, on the other hand, is slightly weaker, with the ETH/BTC rate hitting another record low, and cross-currency options trading appears to be an opportunity.Longby Greeks_live1
Most likely the absolute ETH bottom before new highsI came to the conclusion that ETH has bottomed here because I believe Bitcoin has absolute bottomed, and I can see that a lot of ETH has been redistributed in this range, with strong spot and perp support in this area. A good amount of aggressive OI are underwater shorts as well. The chart also looks bullish to me. This trade has bullish fundamentals, technicals, and the time cycle lines up for a long as well.Longby r900000
ETHUSD-Turtle SoupNote that Major Coins are Retracing on 2 Weeks TM, BTC on the as relative strength Leader, Solana pattern same play as BTC hence ETHUSD lagging behind, hence expecting catch up Note that the Support level tested and held, atleast two data points formed, Buy break above previous day High Longby Jeremiah_Capital114
Ethereum and other cryptocurrencies move after Bitcoin.Dear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Longby mehdi47abbasi792212
Could ETH/USD potentially rise from here?Price has just bounced off the support level which is a pullback support and could potentially rise from this level to our take profit. Entry: 2858.89 Why we like it: There is a pullback support level. Stop loss: 2728.02 Why we like it: There is a pullback support level which lines up with the 78.6% Fibonacci projection. Take profit: 2992.94 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets119
ETHUSD downside target looks towards 2400Judging from the daily chart, ETHUSD has fallen back in recent shocks, and the short trend has taken advantage. The short-term market downside risk is still relatively large, and the market outlook is expected to fall towards the $2,400 mark. When the market falls to around 2400, you can pay attention to the potential bullish bat pattern.Shortby XTrendSpeed225
$ETH Price Prediction 5/14/2024Rejection sets in at 50EMA/pattern support to prevent double-bottom recovery. Price now sits at 2878 low and poses a higher chance for further correction. Our hope now lies in a W1 inverse hammer which would require us to maintain consolidation between ~2875-2950 until EOW. www.tradingview.comby CheddarBizcuitz1
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot and could potentially bounce from this level to the 1st resistance. Pivot: 2,863.34 1st Support: 2,744.38 1st Resistance: 3,048.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets116
🏃♀️🏃🏽♀️ Crypto market. “Sell in May and Go away”The historical pattern known as the seasonal divergence "Sell in May, and Go away" was popularized by the Stock Trader's Almanac, which stated that investing in stocks represented by the Dow Jones Industrial Average November through April and switching to fixed income for the remaining six months "would have delivered reliable returns with reduced risk since 1950." What is “Sell in May and Go away”? “Sell in May and Go away” is a well-known adage in finance. It is based on the stock's historical underperformance over a six-month period from May to October. According to Fidelity Investments, the divergence has remained most pronounced in recent years, with the S&P 500 Index (SPX) gaining an average of about 2% from May to October between 1990 and the next 30 years, compared with an average of about 7% since November to April. The Halloween Indicator's research paper, 'Sell in May and Go Away': Everywhere and All the Time*, which examined stock markets outside the US, found the same pattern, calling the seasonal divergence trend "remarkably persistent." Key Findings 👉 “Sell in May and Go away” is a saying that refers to the historically weaker performance of financial markets from May to October compared to the other half of the year. 👉 Investors can try to benefit from this pattern by switching to less risky assets from May to October based on historical data. Seasonality in investment flows could continue as a result of financial industry and business year-end bonuses, possibly aided by the mid-April U.S. income tax filing deadline. Whatever the fundamental considerations, the historical picture became more pronounced as a result of the October stock market crashes of 1987 and 2008. Bottom Line The only drawback of historical patterns is that they do not reliably predict the future. This is especially true for well-known historical patterns. If enough people became convinced that the “Sell in May and Go Away” pattern would continue, it would essentially begin to disappear immediately. All the early sellers would try to sell in April and bid against each other to buy back the assets before the others in October. At the same time, certain considerations regarding the development of geopolitical events in the period from May to October 2024 give reason to think about the prospects of such a scenario for the next 6 months. * The Halloween Indicator, 'Sell in May and Go Away': Everywhere and All the Time Ben Jacobsen Tilburg University - TIAS School for Business and Society; Massey University Cherry Yi Zhang Nottingham University Business School China; Massey University - School of Economics and Finance Educationby PandorraUpdated 337