ETHEREUM: MUST BOUNCE BACK!Hello guys, here's a quick update on ETH in a daily timeframe.
A week ago, ETH was expected to rally close to $1500 but it failed to do so and it went back to the $1150 to $1200 range. With the price currently ranging at $1214, ETH is expected to give yet another try but this time close to $1450. The triangle pattern is basically a symmetrical triangle and technically it can head in the direction that favors the market condition.
So, if ETH rejects $1100 to $1130 is the level I can expect. Breaking down below this support level might not be good for ETH.
What is your idea on ETH? Do share in the comments.
Thank you and trade safely.
Ethusdidea
Ethereum Analysis 17.12.2022Hello 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 from classis sight 👀🤔As a technical analyst that uses classic technical and little price action, I can see the rising wedge as the picture that attaches to the chart, and often time as we know rising wedge pattern break from the bottom and go down.
just time can show us whether the analysis is correct or not
thank you.
ETH: CLOSE TO BREAKDOWN OR BOUNCE BACK?A quick update on ETH in 3 hours timeframe. ETH is at the bottom support level. A bounce back is expected with a rally close to $1350 (6.5%). Breakdown and close below $1266 may drop the price towards $1222.
Note: This chart is in a shorter timeframe so do not consider this as a long-term trade setup.
What's your idea on ETH's recent scenario? Let me know in the comments.
Ethereum Analysis 08.12.2022Hello 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:
Ethereum- A daily close above 1300 would be strongly bullishAs I said in my previous analysis, as long as 1100 is intact, Ethereum is bullish.
The structure for the coin is becoming more and more clear and bullish with a confirmation of a double bottom in place once we have a daily close above 1300.
In such an instance 1500 is my first target, a level given by the horizontal resistance and the measured target for the pattern, followed by the 1650-1700 zone.
A higher low should be in place now at 1240 and this bullish outlook is intact as long as the price stays above this level.
Ethereum Analysis 03.12.2022Hello 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!
ETHEREUM: $10K EXPECTED IN THE NEXT BULLRUN.Hello traders, here is another view on Ethereum in a higher timeframe.
According to this chart, I am analyzing ETH to reach $9k to $10k by the end of next year. If you ask me why then this chart has a clear explanation.
Support level: $1000.
Invalidation level: $900.
Drop down your suggestions on ETH from a long-term perspective. Will love to know your ideas.
ETHPERP - Successful buying.The accumulation continues. The price is near the local highs. Most likely, we will try the highs after a correction and a test of the buyer's zone of interest, which is in the range of 1077-1131. If you resume the purchases on the chart, there is the volume, the result and the progress. We expect the completion of the correction before entering the trend.
If you liked the idea, give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your
your friends.
ETHEREUM: NOT YET BULLISH.Hello traders, here's a quick update on ETH in a daily timeframe.
For the last 7 days, ETH is ranging between $1150 to $1300 not showing any sign of bullishness. On the 8th of November 2022, when ETH dumped -32% it quickly made a bounce back creating a support line below it. So far ETH has well maintained the support and it must continue to do so to stay above the $1100 range. If ETH breaks down the support line, it may possibly take another bearish turn and could be below the $1000 level.
On the other hand, a bounceback from the support is expected and this expectation could be a 35% pump on ETH.
Let us see how ETH reacts to the recent market situation. For now, I will wait and watch patiently.
I hope this update will be helpful for you all. Thank you for your continuous support.
Trade safely.
Ethereum Analysis 22.11.2022Hello 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!
ETHUSD: Will ETH Have a Bullish Breakout Soon? 😟 Nov. 18This week, we will stick to the 4-hour time frame to analyze the price action in detail!
Just like Bitcoin, ETH has not been able to recover significantly from the lows it hit last week. After the sell-off, it tried retracing back to the resistance at $1,280, however, the price was rejected which indicates that the bears are stronger than the bulls at the moment.
Until ETH is able to reclaim the resistance at $1,280, an upside movement cannot be seen. ETH has tried breaking the resistance multiple times this week but failed.
If the price is able to sustain over $1,280, traders can expect it to rapidly rally to $1,420.
Traders can look to buy ETH only once it is able to cross the resistance, as the price can still break down and hit new lows. If the last standing support at $1,071 is broken, expect the price to plunge to the demand zone at $900.
It is too early to say which side the price could go to, therefore, we will maintain a neutral outlook for this week!
The important price levels for this week are $1,250 and $1,420!
ETHEREUM: HOLDING ON THE SUPPORT.Hello traders, I know the market isn't looking good and I am sorry if any of you got rekt in this dump. If you remember then in one of my BTC updates I mentioned that I am out of the scalping game and I would rather go for long-term trades. Well, there you go, we are playing the long-term game now.
Coming back to the chart, ETH is strongly holding the support range of $1100. This is a crucial point for ETH and it must bounce from here. If it breaks down the $1100 support, I am afraid that the next support will be close to $300 to $500. Flipping to the positive side, if ETH bounces back, then in a long term we can expect a rally toward the new all time high.
Supporting the positive side of ETH, we have the RSI making a hidden bullish divergence. By the way, this chart is in a 2 weeks timeframe so don't consider this for the short term.
More on ETH later. Have a good day, fellas.
ETH Nightmare ScenarioThis is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with it. I've seen this dump coming for a while now and was wondering what the news event would be to "cause" it (because everyone knows you can predict when the news events will happen by looking at the charts) - we got our answer with FTX. The "black swan" event that broke the market. Put your hands up and yell "Weeee!" all the way down the rollercoaster. Short everything for financial freedom and then get your money off the exchanges before they freeze withdrawals lol
ETH Longat the moment i am wait for a retracement to my .236 lvl of 1608.35 and that will be my long entry i wont have a sl so put your own and my tp 1 will be at 1788 and my tp 2 will be at 1873
Will cut them if the daily closes below my .236 lvl of 1608.35
Or if you want to be safe then wait for daily candle to close above
My Other ETH Idea/FractalThe other idea & fractal that fits pretty well is this one. In the immediate short term, it would have us retrace into the 1558 demand zone and make a higher low before continuing higher. We would end up in the last fair value gap on the upside that needs to be filled, which also coincides with the macro GP from ATH. You can also take the measured move and it lands right in the same place.
ETH Fib Time/GP/Weekly SupplyETH is currently rejecting at the GP pulled from the August 14th high to our most recent low, which coincides with the weekly supply zone around 1680. At the same time we have a macro fib time pull, marking off Thursday October 27th as a significant date - typically the fib time pulls indicate either a top or a bottom and historically they have fallen on some other critical pivot points in the past. Considering the major resistance that we are currently facing, there is a good chance we will see a retracement from here. I am starting to notice similarities between our current price action and this fractal, which I scaled up to fit. It would also agree with the idea of a retracement from here.
I also have a second scenario in mind, but either way I believe ETH will end up in the macro GP from ATH / last weekly fair value gap up in the 2400-2500 area. I will post the second idea shortly.