Ethereum thoughts in hearing.Good morning, colleagues!
I continue to think about this instrument.
Cryptocurrency markets are having a hard time now, but the hardest times are ahead in my opinion. If we start from what I see on the chart, I can say only one thing that this is not the worst, there will be more, but let's not get ahead of ourselves and thank for what we have.
Back to the chart, the price at the approach to the upper part of the trading range shows weakness, which draws weak players into the game and this is a great opportunity to sell the asset at favorable prices.
Based on the fact that in the price range of 1010 - 1100 there is a lot of floating prescription, we can expect the resumption of acquisitions from here, because in order to go to the top we need fuel at the expense of whom we will go.
Thank you for your attention, I wish you success!
P.S.
All key prices are displayed by markers on the price scale...
Ethereumforecast
Ethereum ETH is about to flash insane short signal!Hello, dear friends!
Yesterday we told about Bitcoin , which has to show us just another one leg up before crash. We have almost the same picture on Ethereum , but it has more crash potential and we are going to use it. I decided to open short not only on BTC , but also on ETH . Today I am going to show you the exact level.
Let’s take a look at the 1h time frame of the WHITEBIT:ETHUSDT chart . Here we can also see that the wave 3 has been finished and now the asset is trying to find the wave’s 4 bottom. Wave 4 has 3 end conditions:
Awesome oscillator zero level crossover.
Reaching the Fibonacci 0.38-0.5 zone.
Reaching the wave 4 bottom of the lower gegree wave cycle in the wave 3.
Conditions 1 and 3 have been met. I suppose that price should squeeze down to $1237 before the wave 5 start.
Let’s measure the target for wave 5. Wave 3, obviously was extended, that’s why wave 5 will be ordinary. It has the two targets: wave’s 1 length and wave’s 1 lenght multiplied by 1.61. To set the new high the second target should be the case. Therefore, $1274 is my target to short the ETH . Watch out my updates, I will show the underlying structure of wave 5 to have the sniper short trade entry.
Best regards, Ivan
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ETH/USD — Monthly Time Frame OutlookLooking at the monthly time frame and analyzing the 2017 cycle at large, it took 1096 days for Ethereum to reclaim its previous ATH at ~$1400. From here, we saw the historic cycle upwards almost claiming $5000, but falling a bit short.
The top of this cycle with the extension of 1096 days puts Ethereum at reclaiming the previous ATH in late 2024, alike to December 2017 and December 2021. History doesn't repeat itself, but if we were to follow this same structure then we'd see this cycle play out with the Bitcoin halving event in 2024. This year i'm expecting a similar short run-up like that of early 2019, before continued consolidation going into 2024.
There's going to be plenty of trading opportunities and more volume as opposed to 2022 where it was a constant free fall; markets have found themselves, not necessarily bottom on select assets, but ranging near bottom levels.
I mean sure we could go lower, like anything, you must take a look at your risk on your trade. What am I risking by taking the trade vs. what am I risking by not taking the trade? Well I entered at $975 for my long term Ethereum as i'm fairly confident $880 was the bottom on seen in June, and my risk by not taking that trade would be missing out on the double digit % gains from the bounce and the return to the mean in a few years. If I didn't take this trade I would be sitting on the sidelines and waiting, hoping, and shilling doomsday posts on the blue bird app in order for my thesis to play out so I can enter at a lower position. Nobody wants to be proven wrong.
Trading wise, this isn't a trading post, this is moreso a long term outlook, and throughout the year i'll update on some positions of mine. I will definitely keep you updated if we come down and wick lower, but for the most part, the markets are down 80%, this is prime position re-entry zones for the long term.
Daily reminder for your chip stacking: It doesn't matter whether you buy a commodity for $7, $100, or even $1216 when it's trading at $5000.
The markets have for the most part capitulated the 2021 hype cycle lads, and now all we're left with is the hardened crypto veterans who are in this for the long haul. It's going to be a long and slow year for the most part, but at least we'll have more volume to play with.
As always please do your own research, I am not a financial advisor.
ETHUSD January 2023 Volatility Analysis ETHUSD January 2023 Volatility Analysis
Currently the volatility for BTC is at 14.38%, up from 13.56% last month.
From the volatility current percentile we are located on 91th place, and based on this we can expect the monthly candle to make the next aprox movement:
Bullish : 24.1%
Bearish : 29.24%
With this in mind we have currently 66.7% that the market is going to stay within the next channel
TOP Limit: 1357
BOT Limit: 1033
If we are going to take a look into the previous monthly high and low points, currently there is a :
28.13% to hit the previous monthly high
56.41% to hit the previous monthly low
Lastly from the technical analysis point of view, currently
Weekly Timeframe : 80% of rating moving averages is indicating BEARISH
Monthly Timeframe : 72.73% of rating moving averages is indicating BEARISH
ETH Pump to $1250 LONG I was incorrect with my last idea, I am still new to trading and am still learning new things.
We tested the 4 hour Order Block and rejected it well, with a Change of Character. It is very likely we will change to short term bullish before making any lows.
I think on the higher time frame there is a symmetrical pattern in play and before making and lows or highs we will test the upper end of it.
I am personally trading this with risk management, NFA.
Ethereum Analysis 30.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETH ANALYSIS#ETH is currently holding the double bottom support at the black box area after breaking below to the ascending triangle as well as the rising wedge pattern,if eth loses the current sup [port we might expect more dump in the price and eth can test the blue box support area .
ETH ANALYSIS#ETH UPDATE.
#ETH has already broken below to the rising wedge and currently testing the lower band as the resistance .There re 2 possible moves that could be possible in the upcoming hours but until eth closes above the purple box resistance area longs are risky however shorts are most preferred positions as the chances of eth rejection from current resistance are so high.
ETHUSD Ethereum : Crash or dash? That's on you! 13.6Let's cut out the psychological pressure of seeing red and look at facts.
What's right now dominating the financial markets?
Inflation and panic selling.
What happens once the dust settles?
Think about "investment", what makes it attractive?
Crypto currency and specifically the Ethereum is an excellent hedge against inflation, fundamentally.
With scarce supply which is likely to burn faster than mined, and technology which could be the future of payment solutions - Ethereum shines.
So let's explain the crash technically:
1) Oversold condition which is only comparable to November 2016 and late 2018 - Both times proving to be extremely attractive buys.
2) Connecting trend-lines spanning back 1-4 years show very tight convergence between 890 - 1150.
3) A "Falling wedge" pattern is visible on a weekly time frame, which is bullish.
JP Morgan among other major names in finance name Crypto currency to be a smarter investment than real estate in current climate.
Don't let your emotion control your judgement, don't let fear run you out of investment.
Be smart, be patient, be calculated.
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My goal is to help as many traders as possible make sense of the markets.
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ETHEREUM: GOOD MOVE INCOMING!Hello traders, I hope your Christmas was great. I had a great time with my family and friends and it was blessed.
Well, it's time to get back to the market, and here we are with the ETH update. I am gonna use the 8 hours timeframe to analyze the chart.
Currently, ETH is dodging between the support and resistance lines. With the price trying to break above the resistance, I am expecting a 10% to 12% upward move on ETH. The indicators supporting this move are the RSI and the 21 MA. Technically, if ETH manages to hold on to the lower supporting trendline then it is fine but if ETH breaks down below it then we may see some bearish tension.
If you wanna trade on ETH then $1188 to CMP will be a good entry-level. Stop loss will be at $1145 and the target will be 8% to 15%.
Note: Trade at your own risk and if you are confident enough. Do not take it as financial advice.
Thank you for reading. Trade safely.
ETH Fell Below 3 EMAs on the 4h!Looking at the ETH chart on the 4h, we can see it fell below all 3 EMAs (50, 100, 200 EMAs) which is definitely a bearish sign.
The RSI is curving sharply downwards along with the MACD. It's bottomed out on lower timeframes but still has more room to decline on the 4h. With that said, we are at micro support at 1200 so we may find some relief here temporarily. If we fall below the 1200 support, there's a high likelihood 1150 is next. It's not looking good for ETH until we can break and close above the 1240 level (all 3 EMAs). Until then, I would looking to place a long here with a tight stop at 1185 or a long at 1150, or a short at 1300. Do not trade the middle ranges.
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ETH Sitting on 3 EMAs of Support!Looking at the 1h for ETH, we can see it's finally broken the 50, 100, and 200 EMA on the 1h chart (something it's been under since Dec 15th). This is a very bullish sign and shows we could have some strength to the upside (short term).
The current levels of resistance are 1230 and 1300. With ETH being so close between support and resistance (1210 EMAs and 1230), whichever way it breaks will be violent so please be careful if trading with leverage.
Looking at our major areas of support, we have 1200, 1150, and 1100. I'll be DCAing at these levels if we get there.
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$ETH - WHAT'S NEXT? BIG DROP..?$ETH - WHAT'S NEXT?
We hit the target of this 'beautiful' head and shoulders and are now in between a supply and resistance zone.
The next demand zone is at $665 and with the $BTC chart in mind, I expect us to reach this level.
Invalidation = break of the black trendline.
Ethereum Analysis 23.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Eth - intraday tradingDisclaimer: If you think this chart is a mess, you are wrong. Here, we are dealing with lots of fibonacci lines to find confluence at specific zones we want to trade. As we want to maximize our profits, we want to trade at highest possible risk reward ratio. As this is a game of possibilities, our job is to find specific zone with highets probability to make price reaction.
Confluence? Yes, we are looking for that
Fibonaci retreace 170.6%
Fibonacci extension 1.114%
Fibonacci retreace 50%
Yellow trendline
EMA 200 30min timeframe
FVG huge green candle
6 confluences to make a trade. Its never only one thing. 15 min and day is over :)
And if you are asking, is it possible that we miss our trade entry? Yes, many times. But always backtest your strategy and find why did you make a mistake. Your future decisions will be better.
Happy trading :)
Tools:
- Fibonacci retreacement
- Fibonacci extension
- Pitchfork (All types)
- Trend lines
- RSI
- EMA fibonacci numbers
If you take closer look, you can see how price respects the lines. Therefore, if the trade analys is good, we can find a place where the top/bottom of the wick will happen, place an entry buy/sell order and let the magic happen :)