Ethereum bullish inverse head and shoulders!Ethereum is testing the neckline of the inverse head and shoulders pattern at 2540-2550. Bitcoin has already broken out of the inverse head and shoulders, so lets see if ETH can follow. A break above 2540-2550 with good volume could be a good place for a long.
As always, I’m not a financial advisor, do your own research, and stay safe!
Ethereumprice
ethereum clean technical analysis current clean impulsive move to the upside recently, price has formed a symmetrical triangle,
price has been corrective after reaching all time highs and is currently testing a resistance level
neutral outlook on price action here as price can still continue to break above the highs and confirm support at the previous resistance before and impulsive continuation to the upside.
there is also a possibility that price break below the current pattern and make a move to the downside after confirmation and move to the downside testing previous support levels again !!!
$ETHUSD - Testing previous ATH as support 🚀Hi guys! 👋🏻
🔔 Ethereum is testing the previous ATH as support, bullish sign.
🔔 The scarcity of Ethereum taking into account the fact that the DeFi demand of ETH is high will push Ethereum higher. Breakout from this triangle is a good signal of that next Ethereum bullish run.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
ETH Fall to $1600 or even to $1440! Possible? What do you think?As you can see, the green trendlines mark the forming slowly downtrend channel on 1D timeframe. I see as possible scenario that the price could fall till to the first major which is placed near $1600 ( 4h 50 MA and the 1D 50 MA). This should fit for a sideway movement too. Here the price could rise back to the $1700-$1800 resistance, but if it fails, it should go down to the last deep supports near $1440-$1400. We have to such scenarios as well because these offer good entry options. Do you think it is not as possible as it looks?
ETHEREUM FALLING SOON hello traders ,
Welcome to my price forecast Ethereum/usd.
Ethereum is moving inside upward channel.
there are basically three types of channel directions,
one is upward slopping channel which 80 - 90 % of the time break downside
second is downward slopping channel which 80 - 90 % of the times break upside .
third one is side ways which means market unable to decide the direction and
we can trade inside channel with the help of price action.
now what is price action ?
price action is vast topic but it include candlesticks, support resistance, moving average etc
so here we see in Ethereum price is in upward channel and hopefully it will break downside .
our target is at support level for now .
and we also see bearish divergence which confirms its upcoming fall.
safe entry is after blue line break.
Thanks for watching my idea , have a green day ..
ETHEUR flat top triangle for reaching next targetHello traders,
In the last few hours ETHEUR has been forming a flat top triangle, being its resistance its most recent ATH around 1394 - 1410 EUR. The height of this triangle coincides with the height of part of the larger one formed between January 19 and February 2. As shown, prices are expected to mark a new ATH around 1510 - 1531 EUR.
Ethereum New ATH? - +26% Profit - First Target Done. ETH/USDTHello dear friends - well, I congratulate everyone again. And again I have nothing to say - since everything works 94% for all my trading ideas.
Yes, do not forget - I also have losses, but they are much, much less frequent than profits. What should I scream from you. Every single recommendation I open here works, and each of you can check it out. Well - will all the targets be achieved? What do you think ?)
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/13Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Bitcoin!
MARKET OVERVIEW
Price Action: After losing almost 1/3 of its value from a high of $1348 to a low of $915, ETH rallied 26% to $1150 where it got rejected by the 200MAs and has since showed continued weakness trading under the 200MAs.
Chart Patterns: No Patterns
Areas of Interest: The area(s) of interest for us are the 61.8Fib @ $1183 and the lows at $915. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP: LATEST 3 TRADES
2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit.
2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC.
2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC.
TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: False Breakdown
To open a long position, we are waiting for price to break above the horizontal support and then recover.
Trade Entry Confirmation:
1. Price Action: Price breaks below the low of $915 and then rapidly climbs above $915, forming a bear trap
2. Candlestick Pattern: A breakdown candlestick followed by a reclaiming candlestick
3. Volume: Above average volume on both breakdown candle and reclaiming candle
4. MACD: MACD histogram bottoming out
Short Trade Setup #1: Retest and Continuation (61.8Fib)
To open a short position, we are waiting for price to retrace up to test the 61.8Fib and then continue moving down.
Trade Entry Confirmation:
1. Price Action: Price needs to move back up to the 61.8Fib @ $1183 and bounce back down.
2. Candlestick Pattern: A bearish candlestick pattern
3. Volume: Above average volume on entry candle
4. MACD: MACD histogram topping out
ENTRY SIGNAL TYPES
Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades.
1. Official entry calls will be posted using “trading active” post type.
2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type.
ENTRY CONFIRMATIONS
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
TRADE MANAGEMENT
I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
RISK MANAGEMENT / POSITION SIZING
Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk.
HOW TO USE MY ANALYSIS
Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily:
1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself.
2. You follow the trade setups and trade entry signals that I give in real time.
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
Please support me by liking, sharing, commenting, and following! Thanks!
Please share your ideas and analysis below so we can all learn together!
ETH price TARGET revision + where to GET INEthereum is going down like crazy. Yeah, it was overbought, and yes, the previous rise was massive, but I understand that many buyers just wanted to be IN. So if you bought it higher, and now you need to dilute your position, I can show you some levels to enter into ETH.
Despite this massive fall, we are still bullish, but... It does not mean that we can't go lower. If you are prepared to BUY, save some cash for lover levels.
Here you have levels for LONG positions:
$939
$905
$853
$831
$805
Ethereum on the verge of Parabolic moveBITFINEX:ETHUSD
Ethereum and the rest of the Altcoin market is on the verge of a 2017 like parabolic move. The purple fractal that is overlaid is the 1W BTC/USD chart, and as you can see Ethereum has always mimic'd the moves of big brother bitcoin, so i expect a move similar to the blue fractal on the chart to play out in the coming weeks. This would reflect the recent parabolic move Bitcoin has just about completed, setting up a altseason rally in tandom with the fractal to support my analysis.
In addition, this channel should trade well and shows that PA is at the very bottom near support, putting a test of the channel top at about $2250 in the future.
- PennyBags
ETHUSD to see slight uptrend(4Hr) | Price to see midline supportMarket in last 24hrs
ETHUSD saw a sideways movement with the price riding the midline Bollinger band
Price volatility was high. The market moved ~3.54% between $603.96 and $583.31
Today’s Trend analysis
ETHUSD expected to see a slight uptrend with the price getting midline support with Bollinger band squeeze
Price at the time of publishing: $598.89
ETH’s market cap: $68.89 Billion
Oscillator indicators are mostly neutral. RSI at 54
Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
Volume indicators observed a similar value with a sudden spike in the recent candles
Price expected to see a slight uptrend with the price getting midline support with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 54, in the neutral region, above the midline. CCI with a value of around 74 in the neutral region with an up move. Another interesting point to notice here is that the volume observed a similar value with a sudden spike in the recent candles with the volume below the 20-candle moving average, suggesting bullish VWAP.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
ETHUSD to see a slight downtrend(4Hr) |Lower highs, Bearish MACDMarket in last 24hrs
ETHUSD saw a downtrend with the price reaching the midline Bollinger band
Price volatility was very high. The market moved ~13.05% between $636.53 and $563.01
Today’s Trend analysis
ETHUSD expected to see a slight downtrend with the price observing lower highs with the Bollinger band squeeze
Price at the time of publishing: $591.99
ETH’s market cap: $67.40 Billion
Oscillator indicators are mostly neutral. RSI at 55
Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
Volume indicators observed an increase with an increase in price while a decrease in volume with a decline in price
Price expected to see a slight downtrend with the price observing lower highs with the Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 55, in the neutral region above the midline. CCI with a value of around 17 in the neutral region with a downmove. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in volume with a decline in price indicating weak selling pressure.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
ETHUSD to see a sideways movement(4Hr) | Upper band resistanceMarket in last 24hrs
ETHUSD saw an uptrend as a breakout with a gap up observed in price
Price volatility was very high. The market moved ~8.18% between $617.87 and $571.11
Today’s Trend analysis
ETHUSD expected to see a sideways movement with upper band resistance and Bollinger band moving upwards
Price at the time of publishing: $608.66
ETH’s market cap: $69.17 Billion
Oscillator indicators are mostly neutral. RSI at 69
Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
Volume indicators observed a change from increasing with an increase in price to a decrease in volume with an increase in price
Price expected to see a sideways movement with upper band resistance and Bollinger band moving upwards. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 69, in the neutral region above the midline, close to the overbought region. CCI with a value of around 105 in the overbought region indicating a downtrend soon. Another interesting point to notice here is that the volume observed a change from increasing with an increase in price to a decrease in volume with an increase in price indicating a shift from buyers to sellers.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
ETHUSD to see sideways movement | Midline resistance expectedMarket in last 24hrs
ETHUSD saw a slight uptrend after getting the lower band
Price volatility was very high. The market moved ~12.16% between $538.49 and $480.08
Today’s Trend analysis
ETHUSD expected to see a sideways movement as the price has got lower band support and thereby expected to increase until getting midline resistance and fall
Price at the time of publishing: $5147.87
ETH’s market cap: $59.14 Billion
Oscillator indicators are mostly neutral. RSI at 38
Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
Volume indicators observed an increase in volume with the decline in price followed by a decrease in volume with an increase in price
Price expected to see a sideways movement as the price has got lower band support and thereby expected to increase until getting midline resistance and fall. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 38, in the neutral region below the midline. CCI with a value of around -74 in the neutral region. Another interesting point to notice here is that the Bollinger band is expanding and volume observed an increase in volume with the decline in price followed by a decrease in volume with an increase in price indicating weak buying pressure.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
ETHUSD to see a sideways movement(4Hr) |Midline support expectedMarket in last 24hrs
ETHUSD saw a downtrend with the price touching the midline Bollinger band
Price volatility was very high. The market moved ~7.57% between $623.22 and $579.35
Today’s Trend analysis
ETHUSD expected to see a sideways movement as the price might observe midline support with Bollinger band squeeze taking place
Price at the time of publishing: $596.14
ETH’s market cap: $67.62 Billion
Oscillator indicators are mostly neutral. RSI at 62
Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
Volume indicators observed an increase in volume with the decline in price while observed a decrease in volume with the price increase
Price expected to see a sideways movement as the price might observe midline support with Bollinger band squeeze taking place. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 62, in the neutral region above the midline. CCI with a value of around 38 in the neutral region with a down move. Another interesting point to notice here is that the volume observed an increase in volume with the decline in price while observed a decrease in volume with the price increase indicating strengthening selling pressure.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
ETHUSD to see a downtrend(4Hr) | Bearish RSI and CCIMarket in last 24hrs
ETHUSD saw an uptrend with price moving along the upper Bollinger band
Price volatility was very high. The market moved ~8.56% between $621.94 and $572.86
Today’s Trend analysis
ETHUSD expected to see a downtrend as the price observed a resistance from the upper band with the Bollinger band moving upwards
Price at the time of publishing: $582.28
ETH’s market cap: $66.08 Billion
Oscillator indicators are mostly neutral. RSI at 74
Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
Volume indicators observed a change from an increase in volume with a price increase to increase in volume with a decline in price
Price expected to see a downtrend as the price observed a resistance from the upper band with Bollinger band moving upwards. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 74, in the overbought region indicating a downtrend. CCI with a value of around 105 in the overbought region indicating a downtrend soon. Another interesting point to notice here is that the volume observed a change from an increase in volume with a price increase to an increase in volume with a decline in price indicating a shift from buyers to sellers.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex