Ethusdanalysis
ETHUSD LONG - Buy Entry - H4 ChartETHUSD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: ETHUSD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 3142.78
TP - Resistance @ 3321.17
PP Y1 - Pivot Point Yearly @ 2870.8033
D1 Support @ 2807.27
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ETH/USD Multi-Timeframe & On-Chain Analysis !Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
ETHUSD-Ethereum Forms Descending TriangleThe Ethereum market rallied initially on Friday but gave back the gains to show somewhat weak price action. The $2500 level underneath continues to be important, and I think it will offer a significant amount of support. I fully anticipate that the market may test that region in order to see whether or not it can break down below it. That is a region of support that I think extends down to the $2400 level, so it is going to take a significant amount of work to break down through there.
With that being said, it does not necessarily mean that we cannot do it, just that it may take some effort. The market has been a bit of a mess for a while, and we recently had that “death cross”, when the 50-day EMA crosses below the 200-day EMA. The indicator tends to be a little bit late, but it is something that will attract a certain amount of attention anyway.
On the upside, if we were to break above the $2750 level, it could open up a move towards the $3000 level. Breaking above the $3000 level then could be up significant signal to start going long. In general, this is a market that I think is going to continue to struggle and I am starting to believe that we are going to go into a “crypto winter”, which is when markets do very little and simply grind sideways for what seems like a lifetime. This is generally after a massive selloff, and that is most certainly something that we have seen around the crypto markets.
Ethereum is plagued at the moment by a delay in the so-called “Ethereum 2.0” release. People are starting to get a little bit impatient, but the fact that we have a tight monetary policy in the United States does no favors either. After all, the crypto markets are far out on the risk appetite spectrum, so it is going to take a very loose monetary policy to make that attract as much trading capital as it would from institutions over the last couple of years. In general, you can also make an argument that we are forming a descending triangle still, and if we break down below the support level, we could very well slice through the $2000 level eventually.
Ethereum: Do-it-yourselfer 🪛🔨🔧If you decide to become active in craftsmanship and plan to put up a picture all by yourself, you might want to check the relevant wall for current lines first before hammering or drilling straight on. Quite similarly, Ethereum is currently scrutinizing the orange wall between $2402 and $1861 to find just the right spot to enter it. For we expect Ethereum to bore into the orange zone to complete wave v in orange, wave c in blue and wave ii in magenta. Afterwards, it should take off above both the resistance at $3412 and the one at $4865 to appraise its handiwork from a distance.
ETHUSD I FULL LIVE ANALYSIS:If you Want to See More Daily Detailed Analysis, go ahead and click on the follow button. Please do feel free to like and comment with any questions should you have them!
In this video we are going to look through our ETHUSD Charts. We previously looked short at key sell zones on impulsive upmoves in the market. The current market sentiment with ongoing tensions has meant CRYPTO assets have fallen inline with global equities again..
On these falls we arrive at key zones for LONGS. This is because we expect buyers like ourselves to move into the market at KEY zones, reliant on Price action rules and core understanding of indicators and their correct use.
We can look long Lightly and manage our risk well as we accumulate our positions. Do not overtrade.
Ethereum: Not Yet…🍵 It’s a bit like sipping tea. You take the cup to your lips to check the temperature only to decide “No, not yet”, because the brew is still too hot and you must let it cool down a bit longer. (And then, you promptly forget that you have even made tea in the first place.)
Similarly, Ethereum has taken a sip of the orange zone between $2402 and $1861 but decided to not explore it further yet. Instead, it has come back to about $2700 again to finish wave 4 in green. As long as Ethereum stays below the resistance at $2837, we expect it to move back into the orange zone and complete wave 5 in green as well as wave v in orange, wave c in blue and wave ii in magenta at its bottom. After this accomplishment, Ethereum should rush upwards until the resistance at $3412, breaking the one at $2837 in the process. From there, it should have enough drive to head for the next aim at $4865 and further still.