Ethusdshort
ETHUSD is in sell zone!!ETHUSD was in the upward channel for the short term. Currently, the price has broken out of this channel. As the long-term trend is down, it is highly likely that ETHUSD will continue to drop to the previous major support zone.
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ETH: Sell the breakEthereum
Intraday - We look to Sell a break of 1849 (stop at 1896)
The bearish engulfing candle on the 4 hour chart is negative for sentiment. 50 4hour EMA is at 1864. A break of bespoke support at 1850, and the move lower is already underway. Trading close to the psychological 2000 level. 2000 continues to hold back the bears.
Our profit targets will be 1736 and 1706
Resistance: 1930 / 2000 / 2100
Support: 1850 / 1800 / 1750
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ETH SHORTBullish Indications:
1. HH and HL trend
Bearish Indications:
1. Strong resistance at 2012.66
2. Bearish engulfing candle
3. Bearish AB=CD completed
4. Monthly Cycle is Bearish
90% of time when August was Red September become Green and when August was Green Sept was Red
If August is red this time then Sept will be green
Plan A:
Short at execution 1927
SL: 2013.24
TP1: 1849 (1:1)
TP2: 1722.23
Plan B:
Long if pass 2015
SL: 1850
TP1: 2180 (1:1)
TP2: 2396.21
Eth will hit 500$ After targeting 2000. I believe this is only part A of ETH's W4 correction.
We will see a move towards 2000$ which will be potentially part of a 535 correction.
This will serve as a fakeout point and would then capitulate towards 300 to 500$ area.
Will update you when anything changes
Jamie Gun2Head Idea - Selling EthereumTrade Idea: Selling Ethereum
Reasoning: At resistance level, price is still, looking to drive lower within the channel
Entry Level: 1665
Take Profit Level: 1567
Stop Loss: 1692
Risk/Reward: 3.63:1
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Is Crypto the Next Sub-Prime Crisis? ETHUSD (Ethereum) POVMore on this later...
For now, if you consider the very real possibility that a recession can quickly become catastrophic with: a war in Europe, seemingly enhanced instability in Asia, Record Inflation, and among other things - the current unwinding of a crypto currency bubble.
I'm not totally certain on this, but never in history has there ever been something with such little use, valued so highly (relatively speaking). Okay, tulips, calm down.
Even the diehard crypto philosophers (aka #cryptosophers) will concede ideas like: "Meeehh... It's very volatile at times"... granted they only say stuff like that on positive price action; otherwise it's some defensive narrative about what is actually just overcooked libertarianism.
The point I want to make is: things remain very volatile post-covid. Interest rates are one off-hand example. Commodities pulling back. Things can get weird real quick. And not only does crypto still looks dangerous, you have to really ask yourself: can this useless digital ledger token do anything? Like can it be spent anywhere other than an arcade?
Lol - I bet "subprime" just drives them cray.
Take care!
ETH's macd top diverges, shorting may be a nice tryGO SHORT ETH
Reason 1: The rise is weak, and it cannot break through 1800 for a long time (near 1800 is the previous support level). At present, it is still a strong resistance level.
Reason 2: 4H Macd top divergence, usually requires a larger pullback
My Order:
Short: 1695
SL: 1820
TP: 1550
Pay attention to high risk, it is only my personal order sharing, not investment advice.
ETHUSDT: Full Medium-term Waves CountI updated plan of the wave levels for ETH.
In general, as before, I expect the price decrease within the wave 5 of wave C(of ABC pattern in medium-term wave 4).
Locally, the price is probably still in a correction, after which we can expect a renewal of the high, which can be broken by the market-maker on stop-losses for shorts.
I also plan to open a short position at the end of the upward move.
I had to close the previous short position at breakeven level, because the price did not confirm the downside dynamics.
Best Regards,
CEO Tornado Capital
ETHUSDT: Elliott Waves Intraday TradingHello everyone!
The price of Ethereum rose within my expectations in wave 5 of wave C; and the big wave 4 is coming to its conclusion.
Already now you can get ready to look for good entry points into a short position; for example, on the price breakdown of the local trend support.
It is possible that in the next month Ethereum price will update the historical minimum and once again disappoint the cryptocurrency community, which is already fully confident in the price reversal.
P.S. Vitalik Buterin will probably not sleep well very soon)
The continuation of growth can be considered only with the formation of a corrective trend continuation pattern in the price range of $1600-$1300.
Best Regards,
CEO Tornado Capital