AB=CD Harmonics Pattern in ETH/USDAB=CD Harmonics Pattern in ETH/USD Entry level = 2933.37 Stop loss = 3023.88Longby mktk1987113
Long ETH USDETH-USD making a AB=Cd pattern at 1h time frame if we put entry at 2992 we can make some good profitLongby EhtishamAhsan1
A fourth wave is very likely (double zigzag pattern).Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody Longby mehdi47abbasi792210
ETHUSD LONG TP & SL ON CHARTLooking to ride a move up to re-test the 3160 level Using low risk as stop loss is short can see commodities flying this week and I think crypto will benefit 0.5% - 1% RISK MAX PER TRADELongby PGTradesUpdated 446
ETHUSDT ' still in a bull flag formationHi traders, Let´s have a look at ETHUSDT on 1D time frame. As we can see, the price formed a bullish flag pattern and here we have a idea for a long position. Wait for a breakout before entering the trade and aim for the targets shown on the chart. Price already retraced more than 50% but we still have the green upsloping support line, which makes it reasonable to follow the bull flag pattern. The invalidation of this trading idea is when the price closes below the upsloping support (upsloping Green trend line).Longby vf_investment1110
ETHUSD : Bearish Market SentimentsHello there, A potential turning point is emerging as Bitcoin investments experience outflows while Ethereum, alongside altcoins like Avalanche, Cardano, and Polkadot, stands out, indicating a shift towards diversification among traders. The successful launch of spot-based Bitcoin and Ethereum ETFs in Hong Kong underscores the cryptocurrency market's global expansion and increasing investment opportunities. This trend suggests a growing interest in Ethereum and a broader investment strategy among traders. However, technical analysis indicates a possible bearish continuation if a critical support level is breached, potentially leading to a downward movement in prices. T.A Outlook A break of the critical support level of 3034.64 could result in a bearish continuation down to 3k to 2937.81-2920 areas following the completion of the ABC bearish sequence. Happy Trading K. My technical setups are speculative; they are not guaranteed for accuracy or completeness in the form of any content, and they are not intended to provide financial market advice. Please apply your own analysis and confirm it with price action.Shortby KhiweUpdated 223
Bullish momentum is building a rally could be coming Downward parallel channel but price is in the top section respecting the middle white band if it breaks out the channel we can see a potential rally up also there is a Rounded bottom on the 4hr stochastic which is a signal of bullish movement building after divergence 9Longby gogetdatbag2
$ETH Price Prediction 5/08/2024ETH drops below 3k but establishes another low to potentially finalize support. Recovery is expected at this point but continuation to 2875 (2878) remains possible. Our goal should be 20-to-50EMA divergence -> 3125 -> 200EMA. www.tradingview.comby CheddarBizcuitz1
ETH AnalysisETH Analysis ETH is currently finding support at the 61.8% micro retracement. This would be the ideal area for a reversal and higher low. On the daily time frame the RSI shows 3 drives of bullish divergence. If the price sustains below $2,805 I would be looking for a drop to $2,496.Longby cryptoideas0
ETH to Drop Further 📉; Clouds ☁️ & Rain On the Horizon 🌧️SEC postpones yet another decision on a spot Ether ETF application 🙄 The Securities and Exchange Commission (SEC) has postponed its decision regarding the application of Invesco Galaxy’s spot ETH ETF to July 5. The US regulator had already delayed its decision regarding Van Eck’s similar application to May 23 and that of Franklin Templeton’s to June 11. Few analysts expect an approval on these three dates. The price of Ether dropped 3.37 percent to $2,947 over the past 24 hours. ATTMO forecasts clouds and rain for the next 24 hours and 7 days, signaling a likely downside for Ethereum. Follow us for more crypto news and weather reports!Shortby ATTMO113
ETH run from 2950-3000 to 3250ETH run from 2950-3000 to 3250 Its a short-tern scenario of the movement of quotations.Longby Oner0
MAY 7 '24 - FORECAST ETHMAY 7 '24 - FORECAST ETH happy trading everyone! Market very interesting lately. Maker seems obsessed with certain range.Longby EnviroElkUpdated 1
ETHUSD- BearishETH is currently trading at $3010, demonstrating a downward trend within a bearish channel. Traders anticipate potential targets at $2920 and $2870 in the upcoming sessions, reflecting prevailing market sentiment towards lower price levels.Shortby ranamawais2
What do we have this time?Hello, dear friends! 🩷In your opinion, does the price formation look like it's heading upwards or downwards?🧐 Let's disregard the halving event and the moonshot hype. 🤷🏽♀️To be honest, in 2020 everything seemed quite obvious to me: 🟢there was significant accumulation; 🟢all possible indicators were giving bullish signals; 🟢chart patterns were also quite positive; 🟢additionally, there was the halving event. What do we have this time? 🔴The price is moving in a downward trend; 🔴Indicators are bearish; 🔴Chart patterns seem to indicate uncertainty in the medium-term perspective; 🔴The halving event has occurred. I'm so interested in Your opinion. Bitcoin cycles have been stretched in time (each subsequent one has been longer than the previous), so it's quite plausible to expect a price decrease followed by further growth, possibly not very rapid. What do You think? Thanks for Your attention 🫶 Always sincerely with You, Kateryna💙💛by RocketBomb6617
$ETH Price Prediction 5/07/2024Price drops to 3k with support holding in so far. Look to maintain closes here but expect the possibility of lows below. Also keep in mind the bearish entry direction which could alter us to 2875 (double-bottom). www.tradingview.comby CheddarBizcuitz3
Giant Cup and Handle?I am no technical analyst and simply an amateur at all of this. Now the question that I have had in my head for a while now. I drew this line a while back but to me both ETH and BTC seem like they are forming a gigantic cup and handle. Anyone else seeing this? Please chime in and correct me if I am wrong. Like i mentioned this is a very amateur attempt at TALongby tdecastr111
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame with Breakout of Lower Trend Line and Retracement Impulse Correctionby ForexDetective225
Apr.30-May.6(ETH)Weekly market recapAt the beginning of last week, the market fell further, with BTC reaching below 57000. But then V-Reversal came along. Last Thursday, the FOMC was held. The Federal Reserve kept interest rates unchanged, in line with market expectations. However, monthly Treasury bond redemption dropped from US$60 billion to US$25 billion, exceeding market expectations. While a rate cut remains far off, the shift continues. Last Friday, the U.S. Department of Labor released U.S. employment data for April. After four consecutive months of strengthening employment conditions, it have weakened for the first time in mid-2024. BTC rebounded significantly after the employment data was released. And it has a superimposed effect with the slowdown in balance sheet shrinkage. The crypto market’s correction may have passed or is about to pass the lows. ETH rebounded after hitting a given support level. But the rebound did not retract the earlier losses. The bulls have not performed as well as the BTC bulls. From an indicator point of view, the wave area of the ME indicator has further narrowed, and the bullish trend has attenuated. A small number of blue bars representing whales appear on the WTA indicator, which indicates that whales are involved in bullish trades. However, one thing that is different from BTC is that there is no bottom-buying sentiment on the MBF indicator, which may be the reason why the performance is not as good as BTC. In summary, we believe that ETH will continue to act as a follower this week. It may continue to oscillate. We maintain our original resistance level 3700 and support level 2800. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.by Sypool113
ETH. Levels for intraday trading 6.05.2024 During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!by Forex_HobyUpdated 4
ETH About To Soar...I'm of the belief that this correction has completed and we're at the start of our next impulse leg, Structure off the low looks impulsive and our break/re-test of the fork is pretty good confirmation this ABC has terminated.Longby Swoop67
Potential Long for ETHIf ETH bounces up and we see a green candle closing above the 1H Demand Zone, it might be a good opportunity to go long. SL below the swing 3039 and TP will be around 3201Longby Omar_El_TowayerUpdated 224
Bullish bounce off 50% Fibonacci support?Price is falling towards the pivot which is a pullback support and could potentially bounce to the 1st resistance. Pivot: 3024.10 1st Support: 2960.89 1st Resistance: 3128.21 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 ICmarkets5
May 6 2024 - Forecast ETHMay 6 2024 - Forecast ETH Actually not sure how this script I have will work on ETH but let's try her out. Longby EnviroElkUpdated 2