ETHUSDT Wycokoff Accumulation with Elliott Wave dynamicsIf you look at the recent accumulation phase, you can see that we are now in Phase D. Today we had the “test”, where we seen a sudden dump followed by fast pump. This should signal that we are ready to move up. The Elliott Wave was followed almost perfectly. Towards point A there was 1,3,5 impulse and at the time of writing this we completed ABC correction. If all goes well we should be going up to the next C price point.
Note: BTC and Eth are trading almost identical right now.
Ethusdanalysis
Ethereum to break back on positive track?Ethereum - 24h expiry - We look to Buy a break of 1553 (stop at 1513)
We are trading at oversold extremes.
A higher correction is expected.
A break of the recent high at 1552 should result in a further move higher.
Expect trading to remain mixed and volatile.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Our profit targets will be 1653 and 1673
Resistance: 1530 / 1552 / 1580
Support: 1505 / 1493 / 1440
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ETH LOOKING UGLYETH looks ugly, no clear bms to the upside on the daily and really imo hangs in the balence as to what btc does next, as in video ive disscussed the low at 1481, if we see a break and candle close below well mostly likly see a retracment to the upside up to the imbalence and ob at 1615 as ive highlighted on the daily.
If btc rallies and pushes towards 25 then the whole market will see a further run higher and what we are seeing on the weekly is a higher timeframe swing low and we can expect a push through 1700 towards 2500, what well see is a wick below our BMS and a candle close above giving us a bullish SFP
Eth is more risky to long here BUT fortune favours the brave, postions yourselves as suits yourself.
Is ETH worth buying?Greetings, friends, the market does not look very harmonious right now. I think a lot of people are looking long right now because it seems to be a good picture. But that's the market. It has always been and will be. I myself have a desire to go long, but I can not take a risk.)
Regarding ETH, I wouldn't open any positions, because it can go down from the current ones. So we wait and see. Buying zone marked on the chart!
Ethereum -> The Last Chance For BullsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Ethereum just recently broke above a very clear weekly and daily downtrend line and immediately had an agressive pump of about 45% towards the upside, showing that there is definitely some buying pressure in the marekt.
From a weekly timeframe the market then tested previous weekly resistance and already rejected the zone quite nicely towards the downside, so I am now just waiting for bullish price-action before I do expect the continuation towards the upside.
From a daily timeframe we are still sitting at a previous support zone, which is the last support area before the market will make another 10% drop towards the downside so I am now just waiting to see if bulls can actually defend this support zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
ETH - Same trend as beforeCOINBASE:ETHUSD
4h time frame
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ETH did break out the ascending channel we mentioned before.
We can notice a similar trend in Nov 2022, which reached ~1070.
I think we shouldn't go back to the box if this is a healthy correction, the ceiling of box is 1355, which has strong support.
Ethereum ETH price wondering where to go nextThe ETHUSDT price has begun its correction, along with the entire crypto market. But in fact, it has held up better than the BTCUSDT price, and has not yet updated the lows of late January.
By the way, at the beginning of the week, we published a fractal on the BTCUSDT chart, and it is working out quite well.
Now the whole world is waiting for February 14: couples in love to celebrate Valentine's Day, and traders in financial assets to wait for the US CPI to be released.
If the inflation rate is lower than expected, it is very likely that the growth trend will continue.
If the inflation rate is equal to or higher than forecast, financial markets and especially cryptocurrencies will continue to correct downward.
For the ETH price, the ideal correction for continued growth is in the range of $1400-1420
Critical correction to $1340, below that, there could be trouble.
What are your expectations for the further movement of the ETHUSD price? Write in the comments
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March is the most important period for crypto in 2023!Despite recession forecasts and the FED's cautious stance, the markets have risen since the beginning of the year. Many analysts argue that the market is not rational, that all statistical indicators point to a bear market, and that a difficult series of declines and disappointments lies ahead
The market participants are now divided into two teams:
1. The bull team argues that the bottom has already been reached and that growth will be gradual.
2. The bear team argues that the current rally is only temporary and that we are yet to reach the true bottom.
So, there are two opposing positions, but the truth is probably in the middle.
1. We will undoubtedly experience steady growth, but not in an instant and most likely not now. The catalyst for growth will be mass adoption and products from the new paradigm; however, such products are still in the early to mid-development stages, and the market has not been completely cleansed of contamination: Luna, 3AC, FTX. The good news is that the market largely ignored Genesis' bankruptcy and the threat posed by its parent company, DCG.
2. We are unlikely to see a -50% drop in BTC/ETH in a single day, as we did in 2014-2017. However, in a very negative market, the price of BTC could reach $10-11 thousand and $700-800 for ETH. The only thing that matters is that we will essentially see such a scenario in two instances. 1) Binance/Coinbase bankruptcy and/or 2) regulators' prohibition of any type of crypto activity. Judging by the current state of affairs and the way the market in general ignores negative FED forecasts and the bankruptcy of one of the leading companies, it can only be shaken and have a panic sell if something falls where most of the remaining market users' deposits are located, and there are not many participants in this list.
March can be considered as the projected key month in 2023
1. FED returns from pause – new key rate adjustments and macro data
2. Mt.Gox end of registration of refunds – the volume and timing of the execution are determined by market participants' potential estimates of the pressure on the price of BTC exerted by affected Mt.Gox users. Payouts will be made in the amount of lost BTC at the current rate.
3. Shanghai Upgrade on Ethereum – an opportunity to take ETH off the steak and risk that those who bought cheaper or more expensive will want to lock in profits or recoup some losses.
4. FTX hearing – final report on FTX debt to user
Most likely, March will provide the general direction of the market in 2023, and while anything unexpected that occurs during the year will be a variance, the overall trend will remain the same. What do you think about the nearest crypto market future and what we likely to see with BTC and ETH? Share your thoughts in a comments section, check links in our bio and follow us for more relevant info! Thanks for reading
Bulltrap idea for Bitcoin $25,000 then dump with CPIThis could very likely be a scenario for mm's to push price up when lots are bearish currently to generate enough liquidity to for mm's to sell at these levels before dumping the market.
I think its currently a beartrap and am longing one last time before the real dump.
NFA
~ETH $ETH LONDON KILLZONE SETUPETH has beautiful LO bullish characteristics, now we wait for price to come back down into the orderblock $1632
Ideal trading in london session we want to see a level of consolidation inside asia, clean sidways pa preferably but sometimes well see slightly up/down trending consolidation this is also good to trade, this ties in very well with a ict concept called "ICT POWER OF 3" consolidation, manipulation, distribution" and ive highlighted the levels for visual effect.
Timeframe for trading intraday setups are 1hr-15m-5m
Times for trading london session
London open 6-10am GMT
ETH USDT BINANCEHeading toward large resistance in uptrend (white line).
Sell orders around 2k and could bleed down imo.
RSI near support.
But will need a push because 50 MA crossed below 100 MA.
Might bounce before continuing the uptrend tho.
This isn't financial advice and you should always DYOR.
Thanks for following.
Like, comment, share any ideas you have as well.
ETH|USD Weekly Trading Insights: Chart Analysis for Long-Term A 1-week chart analysis of Ethereum can provide valuable insights for long-term holders of the cryptocurrency. By examining the price trends, volatility, and volume of Ethereum over the past week, it is possible to make predictions about the future performance of the asset.
For instance, a steady upward trend in the price of Ethereum over the past week, accompanied by high volume, indicates strong investor confidence and market demand, which are positive indicators for long-term price growth. On the other hand, if the chart shows a lot of volatility and price swings, it could signal a lack of market stability, which may cause concern for long-term holders.
Additionally, a 1-week chart analysis can also provide insights into the impact of any major events or news on the price of Ethereum. For example, if there was a significant spike in price following the announcement of a new development project or partnership, this may indicate that the market is excited about the potential of the project, and that long-term holders may benefit from its success.
Furthermore, Ethereum is often considered a leading indicator of the overall crypto market, so analyzing its 1-week chart can also provide insights into the broader market trends. For example, if Ethereum is experiencing a period of growth, this may be an indicator of positive sentiment for the entire cryptocurrency market.
Overall, a 1-week chart analysis can provide valuable information for long-term Ethereum holders to make informed decisions about their investments. By monitoring trends and staying informed about market conditions, they can make more informed decisions about buying, selling, and holding Ethereum.
ETHUSDT probably heading to next weekly resistance at 2500ETHUSDT closed above weekly resistance turned support (1570-1590) last week. This is bullish for the price action.
The next resistance is around 1950 but this wont be able to hold back the price if there is some momentum in the price as this level will not act as a strong resistance this time.
A major resistance at weekly level is at 2500. This will act as a major resistance probably. There is a fair chance that the price in this run will test this resistance at around 2500.
ETH - 2 Selling Strategies from AC BYBIT:ETHUSDT.P
1H time frame
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After breaking out downtrend on 1 Day time frame . ETH is forming an ascending channel on 1H .
With this bearish pattern, we can set two different trading strategies as below.
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1.
Entry: if getting resistance form upper trend again(~1605)
TP: 1525 or reach lower uptrend
SL: previous high(~1615)
2.
Entry: BO the AC(~1540)
TP: 1400, 1350
SL: if go back to the AC(~1560)
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Notice: All price are set from the predicted trend, can set it more accurate based on the actual trend/pattern after opening short
Ethereum Analysis 13.01.2023Hello 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:
Ethereum Analysis 07.01.2023Hello 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: