Weekly chart it is still very overbought, hence we should see lower levels $ 3,100 again. The daily chart has GANN support around here, and it may recover a little back towards $ 3,875 again before lower can be seen. Strategy SELL @ $ 3,850-3,925 and place SL above $ 4,150. Profit order @ $ 3,257 and thereafter $ 3,057.
Hello Traders, welcome to today's analysis of Ethereum. -------- Explanation of my video analysis: After the expected break and retest on Ethereum in 2022 we already saw a quite nice continuation towards the upside. Right now Ethereum is approaching the previous all time highs and there might be the possibility that we will see a short term retracement. On...
Price gets rejected at 3900 in an attempt to flip 200EMA. Correction holds around 3685 (W1 piercing) with lows hitting the red zone (W1 neckline). The goal now is to maintain above 3685 until weekly close in hopes of pushing back to 3810. www.tradingview.com
Based on this 1-hour chart and aiming for a risk-reward ratio of 1:2, I would consider a long position if the price shows a clear rebound from the recent Low (LL) with a target at a previous High (HH) for profit-taking, while setting a stop-loss just below the LL to limit risk. I'd open the position after a green candlestick confirms a bounce off the support...
ETGH hit the long term swing target posted in January a while ago. Since that time we've had the big 76 retest. Slight spike out of it and we currently hold the second test. In the instances where the 7 will hold, we'll not go back under it. This offers a good RR long op. We may have actually made a break of the 76 in the first run down, but even in these...
Thinking this may be last dip before the push to its all time high Deviated third quarter support to find long liquidity for the next leg higher If reclaims weekly open and more importantly third quarter of the whole move (3933) then this looks even more likely to push
Hello Everyone, ETHUSD is currently positioned beneath the 1-week Pivot Point (PP) and is in the process of testing the weekly support level. This situation suggests a strong likelihood of a bullish trend continuation. Our primary focus lies on observing whether the 1-week PP effectively functions as support, serving as an initial signal for the continuation of...
ETHUSD is forming Symmetrical Triangle, will price move to reach this pattern's target? Entry, Stop Loss & Take Profit are mentioned for both sides breakout.
## Unpacking the Crypto Rally: Bull Run or Bear Market Bounce? The recent price surge in the cryptocurrency market has sparked debate among investors. While some see it as the dawn of a new bull run, others remain cautious, considering it a potential bear market rally. Here's a closer look at the factors fueling this discussion: * **All-Time Highs Remain...
Well, here we go again! Another long on ETH, riding the trend because, hey, trend is your friend, right? Plus, we've got a beautiful divergence between price action and the VOLD indicator. Happy Trading, folks! 🚀
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
ETH price found support at the important 3'670 level and is now trading back above the 100 SMA. This could be an excellent point to buy the dip for a rally back to 4k (and finally break it). ...4.5k could come soon!
Ethereum continued to rise to a new high yesterday, and the bullish sentiment has not yet dissipated. It can be seen as the end of the upward trend, but there will still be some space above, so it will continue to rise. The main reasons for looking at the rise are: the daily line has hit a new high again, indicating that the upward trend will continue, and...
Strategy: ⛈️ Trapping Lighting This strategy focuses on assets that are overall bullish either because of fundamentals or sentiment. They should be relatively simple chart behaviours with volatility dips that could be due to profit taking after hitting key levels or events. As long as the event or news does not change the bullish sentiment or fundamentals. I...
No change in view, and we have started corrective action. I feel we may see lower $ 3,100 but intermediate stops may happen of course. Strategy SELL @ $ 3,800 - 4,000 and take profit @ $ 3,105 and place SL above $ 4,150.
ETH dropped a bit further than expected, taking us briefly below 200EMA before recovering. The stepping pattern has been adjusted and now indicates a weekly close closer to 4k. Continuation of pattern assumes eventual correction of this bullish advance. To hold momentum we should maintain 4k support in hopes of triggering a breakout. www.tradingview.com