Price is within two channels, one down and one up.
The larger one and dominant is the up channel.
I want a rise from here similar to the one seen earlier in the red channels formation
This would complete a larger W pattern within the red channel.
Lets see what happens.
Take a look at our analysis for ETHUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1868.1.
The above observations make me that the market will inevitably achieve 1912.8 level.
P.S
We determine oversold/overbought condition with RSI...
ETHUSD is falling towards a key overlap support and could potentially reverse from this level. Price could hit our buy entry at 1840.35 and bounce up from here. Our stop loss will be at 1794.05 which is an overlap support that aligns with the 78.6% Fibonacci retracement. The take profit level will be at 1912.55 which is an overlap resistance.
Any opinions, news,...
ETHUSD is approaching a key support level and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1843.72
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci retracement
Stop Loss: 1783.63
Why we like it:
There is an overlap support
Take Profit: 1912.79
Why we like it:
There is an...
Crypto opinion leaders have taken a more cautious approach to publicity since the collapse of crypto exchange FTX last year, with several celebrities facing class action lawsuits over their alleged roles in promoting FTX. Some influencers say this has sounded alarm bells, and those who support crypto companies need to understand that if the company turns negative...
ETH BVUYS ONNA SUNDAY. Ive been waiting on this setup for the past couple days now.
CON i did not wait for 4hr candle to print
Confirmations
4hr rbr
4 hr 61.8
4 hr demand area touched initial move
Greetings fellow crypto traders! Are you ready for some good news? Well, hold on to your hats because we've got some exciting developments in the world of Ethereum's technical analysis outlook! After months of uncertainty, Ethereum's price is finally showing signs of a bullish trend. So, if you're looking to invest in a promising cryptocurrency, look no further...
Price continues to maintain above 1885 critical preventing H1 20-to-50EMA crossover.
With closes established at H1 50EMA we can assume a strong hold + increased chance of recovery.
Keep in mind that extension of the long-term double-top pattern is still viable if crossover occurs.
The chart has been changed to H4 for a long-term view.
A few things to note:
-...
After the daily close of yesterday, it became apparent that this pair isn't in much favor of an uptrend. I believe that this is an indecision retracement, price has already been rejected at the weekly resistance and 62% fib. It's formed it higher low and now its looking to either push for new highs or begin new lows again. This is a daily setup being monitored on the 4H.
ETH is currently in wave 4 correction, which appears to be a WXY wave. On lower timeframe, we appear to have completed Wave X.
We are now expecting the highs of wave X to be respected and we can watch for a lower timeframe trendline break for entry.
Trade Idea:
- Enter on trendline break
- stops above wave X or above price once trendline breaks
- Targets: 900,...
ETH is currently still in the correction period, it can be quite long if you look at the current trendline pull. the invalid area is only a marker if the price goes higher then the elliot notation may fail, but that does not mean the trend returns to bullish. most likely what happens is a complex correction that can last long enough.
This is my view on ETHUSD pair for the long term.
Bulls will probably try to push to 2.6k if that happens expect a big rejection. Either way u should expect bottom ~$855/$666/$555
- Weekly MACD (Neutral but Bears got this)
- Weekly Pekipek's Divergence BETA (No signal yet)
- Weekly RSI (Still under Bears control)
- Weekly Stochastic RSI (Neutral)
- Weekly Cipher...
💎 The price surged by an impressive move on May 28 surpassing a key resistance level and consolidating around $1,894 since then.
💎 This consolidation phase provides an excellent opportunity for Paradisers to consider accumulating ETH, especially if there is a pullback towards the stable support level at $1,853.
💎 The bullish thesis for Ethereum price would be...
On June 4th, according to Dune data, the total number of ETH cross-chain bridges of Arbitrum, the Ethereum expansion solution, has exceeded 2.5 million (about 4.73 billion US dollars), and the number of users participating in bridge transactions is 647,426. In addition, the total number of ETH cross-chain bridges for Optimism is 542,959, zkSync is 281,073, and...
As you can see we have a clear head an shoulder trend, along with respecting structure zones/support & resistance zones. Bullish flow is the GO. Pips to catch ladies & Gents
SL: -86 pips
TP: 364 pips gained
ETH on the Weekly log chart
- Long term looking bullish
- Third time the 13/48 MA cross occurred while both turning up
- As long as price stays above the green short term MA, it should do well
History doesn't always repeat but it can rhyme.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all...
