$ETH Price Prediction 5/17/2024A strong push brings us to 3125 as price looks to keep above 200EMA. Holding pattern is possible which could lift us out of consolidation range. Refer to 3210 as next resistance if this occurs; the W1 goal at 3k will remain for now. www.tradingview.comby CheddarBizcuitz1
ETHFor some context: Rule of alteration states that if/when W2 is a Flat then W4 can only be either zig zag or triangle. W(4) "Guideline" (not a rule) : When the 4th wave finishes its trajectory it is most commonly known the wave A will test the 2 of the wave 5 one degree less and wave C will end somewhere in the price area of wave4 one degree less. If this ends up being a zig zag and not a triangle I would think this (4) will be utter destruction of the bulls.Longby Big_Mike7164
Range trading around Purple line and Green Line ZonePurple Line: 50 days MA Green Line: 125 days MA Price touch Green line three times which provide strong support. Possible next development is going to test purple line for the 3rd time. by BMYWinUpdated 2
Bullish Flag on ethBullish flag will be formed on break of $3180 Targeting new Ath of $5800by anas7861111
ETH Falling wedgeLooks like ETH is trying to form falling wedge, could be interesting if this is not fake out and eth go to $6-8k range.Longby TeamDoubleBottom0
ETH BULL FLAG BREAKOUT ETH broke out of the bullflag! It has been consolidating inside the flag since February. A breakout with a retest bounce is priming us to give 4K another shot. Notice how ETH held (and dipped slightly below) the bull market support band before bouncing off it. Good luck to all! Longby HoleeTrader2
Ethereum Bullish WeekEthereum Bullish Week? Falling wedge $4000 to $2800. Ethereum current price $3066. Ethereum has the potential for $10k in a bullrun. Stoch Rsi = Neutral Rsi = Bullish Macd = BullishLongby cryptotrader2701
ETHUSD SHORT - May 24 (☔ Reverse Trapping Lighting v1)--- This pattern is a Grade A --- Decided to relook the strategy and redo the strategy validation by run a manual backtest from 15 March to 18 April where the regime changes from bullish to a bearish range on the D1 chart. I am aware that once the regime changes and need to revert back to the original Long strategy New Observation The pull backs still happen but they rise and stall into a range before falling. Because of the nature of the range there are opportunities for us to take tight stops to limit risk and still have clear TP at the next S/R lines Entry Step 0: Identify Regime - Is the D1 still below the 20 SMA Step 1: Identify Period of indecisiveness Step 2: Bullish price shoot up Step 3: Mark Limit entry and SL - Go trade: Risk Reward ratio no lower than 2 - Bad trade: Risk Reward ratio <2 Depending on patterns I will adjust the bet size accordingly Grade A - 100% Bet, 9.5 units - $500 Grade B - 50% Bet, 4.75 units - $250 Grade C - 25% Bet, 2.3 units - $121 Backtest performance: 15 Mar - 18 Apr 2024, 1 Hour candle Average 1 Trade per week Total Trades: 5 Lose: 1 Win: 4 Total Profit: 6,709.90 Profit Factor: 38.27 Deepest Drawdown: -2.32% Highest Run-up: 11.59% Average Trade: 1,341.98 Will continue to iterate the strategy as the live trades flow inShortby Ronin_traderUpdated 332
$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