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ETHUSDTPERP

ETH – Possible Future Scenarios.My Friends. • The future includes infinite possibilities. Out of all the possible outcomes, I chose three scenarios that are, IMO, the most likely. Of course, I cannot predict the future. I would ask you to consider these scenarios as an exercise and I would appreciate your feedback and suggestions. • In this post, I am looking for possible long trades, beginning from the most optimistic scenario and proceeding to find potential reversal zones in case ETH loses the uptrend. Scenario One – The most bullish scenario • In this scenario, ETH doesn’t lose the uptrend. Instead, it finds support on the junction of the diagonal upward-sloping trendline and the horizontal support at the 1780 level. • To confirm this scenario, ETH has to surpass the 2146 USDT level to confirm the uptrend. Scenario Two – ABC correction • IMO, this is the most likely scenario. • In this scenario, ETH loses the trendline. It then finds support at the convergence of the 0.382 fib retracement and a nested demand zone. Then, it will push up, in an attempt to reclaim the trendline and fail at the juncture of the trendline and the 1880 horizontal resistance level. • In this scenario, ETH can turn around, and resume the uptrend between the 0.5 fib to 0.618 fib retracement. Scenario Three – Straight dump. • IMO, this scenario is not very likely, or at least not right away. The reason is that bullish sentiment for ETH is still strong. Currently, I don’t see a cause that can create such a scenario. • In this scenario, the head and shoulders pattern is in full swing, and ETH dumps until it retraces all or most of the uptrend. Note: I am not an EW expert. I labeled the uptrend as five waves and the correction as three. I
by NewThoughtCrypto
Ethereum is Close to Losing the Uptrend – My Trading PlanTLDR: • Currently ETH is sitting at support. I think it is weak, but I don’t short support. For all I know, it can turn around and resume being bullish. • If ETH breaks below the trendline and tests it as resistance I will short. • If ETH will break below the trendline without a retest, I will wait for a break below the horizontal support at 1787 USDT. • Invalidation: Daily close above the trendline. • Note: ETH has two demand zones below the horizontal support that may prevent it from going down too much. Or, even provide a long entry. The Weaknesses I see in ETH: 1. Unlike bitcoin, ETH did not make a higher high. 2. although ETH Technically made a HL on June 15th, it closed two daily candles below the upward sloping trendline. 3. in percentage terms, ETH went up by 24.74% in this leg up. The lowest since November of 2022. 4. ETH may be the queen of altcoins but, it is still an altcoin. ETH can go down in price even if Bitcoin resumes the uptrend. 5. If Bitcoin keeps dumping, IMO ETH will lose the trendline and, possibly the horizontal support at 1787 USDT. The Implications of Losing the trendline: • Usually when an altcoin losses its upward sloping trendline it goes into a deep correction. Examples: • MATIC: On April 19th, 2023, Matic lost the upward sloping trendline. On May 8th, 2023, MATIC lost the horizontal support level. It is in a downtrend ever since it lost the trendline. • ADA: On May 19th ADA lost its upward sloping trendline. On May 28th, 2023, ADA tested the trendline for resistance. On June 5th, ADA lost the horizontal support line. ADA is in a downtrend ever since. Summary: • A diagonal trendline is comprised of two axis’s, time, and price. A loss of a diagonal trendline may be a sign of long-term price decline. I think it is foolish to ignore such a warning sign. Trading Plan: 1. If ETH losses the trendline and tests it as resistance. I will short the break below the trendline with a stoploss above the trendline (daily close). I will share the specifics of such a trade if and when it will become relevant. 2. If ETH losses the trendline without a retest, I will short a breakdown from the horizontal support line at 1787 USDT. I will share the specifics of the trade if and when it will become relevant. Invalidation: • Daily close above the upward sloping trendline. NFA. What do you think? Please share in the comments. Best Wishes.
by NewThoughtCrypto
ETH Massive Formation With Huge Breakout Potential!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. In the daily time frame ETH is making this symmetrical triangle pattern, it trending around $1885 currently i am expecting some drop upto the lower level of this pattern which is 255D strong support and then we can expect some bounce after it hit the lower level. INFO ABOUT SYMMETRICAL TRIANGLE The Symmetrical Triangle Chart Pattern indicates an ongoing period of price consolidation before the prices break. A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle’s formation must be bullish. On the other hand, A bearish symmetrical triangle is a bearish continuation chart pattern, the movement preceding the triangle’s formation must be bearish. The symmetrical triangle pattern is different from a descending or ascending triangle pattern as both triangles’ lower and upper trend lines slope towards the centre point. A horizontal upper trendline is formed in ascending triangles that predict a higher breakout. With a descending triangle, a horizontal lower trendline is formed that predicts a lower breakout The trend lines should be equal in their convergence slope when a symmetrical triangle is formed. But we still we need a breakout of this symmetrical triangle pattern we have $2120 and $1950 as resistance For more quality Charts analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
12
Ethereum Trading Plan, July 16th – 22nd, 2023Generally, ETH does not inspire me with confidence for the following reasons: 1. ETH is forming a Rising Wedge pattern. This pattern usually breaks to the downside. 2. On the daily TF, ETH is forming a bearish divergence on the MACD. However, the RSI doesn’t show a bearish divergence. 3. On July 14th, ETH deviated above resistance and was rejected. This makes me think that the move-up was just a liquidity grab. 4. Currently, ETH is at the 1930 resistance level. Since April 20th, ETH did not close more than one or two daily candles above this level. Strong resistance. 5. ETH is technically an altcoin, but it wasn’t damaged as much as the other layer ones were recently and I don’t think it will benefit as much either. That is my opinion, feel free to disregard it Weekly Bias: • My weekly bias is bearish. My bias is invalidation is if ETH closes a daily candle above 1946 and continues to the upside. Short Trade Idea: • Entry: 1931 (I am waiting for the weekly close before entering). • SL: 1944 (previous daily close). • Target: 1787 • TP: 1844, 1787. • If ETH breaks below the wedge and tests it as resistance, I will compound my short. • I will monitor ETH’s PA as it nears the upward-sloping trendline for a possible reversal. NFA. What do you think? Please share in the comments. Best Wishes.
Short
by NewThoughtCrypto
2
ETHUSDT: Long Opportunity, The Beginning of Advancing Phase?Hello Fellow Crypto Traders, Here's a Technical Analysis of Ethereum! ETHUSDT has moved the bullish trendline and EMA200, indicating a positive trend. Subsequently, the price has formed a falling wedge pattern, followed by a breakout of the upper trendline. This breakout suggests the possibility of an upward movement. This possibility is further supported by the formation of a golden cross on the MACD indicator, indicating a likely upward movement toward the target area. Upon reaching the first target/resistance level, a potential correction scenario may occur, leading the price to retest the historical resistance area or the blue zone before advancing toward the second target. It is important to note that the roadmap will no longer be valid once the target/support area is reached. Feel free to support the channel by clicking the rocket button and sharing your opinions in the comments below! " Disclaimer: This analysis is intended solely for educational purposes and does not constitute a recommendation to take a long or short position on BINANCE:ETHUSDT ."
Long
by financialfreedomgoals101
12
Ethereum Road Map🗺️!!!(4-hour time frame⏰)Hi everyone👋 (Reading time less than 3 minutes⏰) . Today I want to show you the 🗺️roadmap🗺️ for Ethereum for the next 7 days in the 4-hour time frame using the Elliott wave theory. Ethereum has started to form corrective waves after the completion of five impulsive waves; one of the signs of the beginning of corrective waves is the formation of the Head and Shoulders pattern . Since the main wave A has 5 microwaves, I expect a corrective structure ahead of Ethereum Zigzag(ABC/5-3-5) . Ethereum has managed to complete the main wave B in the 🟡 Price Reversal Zone(PRZ)-($1,918-$1899)🟡 (One of the signs of the completion of the main wave B is the breaking of the support line). 🌐 News 🌐: Vitalik Buterin Linked Wallet Invested 2013 Ethereum in OKX! Is it a Bearish Signal❗️❓ An address associated with Lookonchain Ethereum founder Vitalik Buterin said it has invested 2,013 ETH (worth $3.76 million) in OKX. I expect the main wave C to finish near the support line and inside the 🟢 support zone($1,780-$1,750) 🟢. 📚 Educational Tip 📚: One of the signs of confirming the wave count is that wave A basically goes down to the end of wave 4 . If we look at the ETHBTC chart, we will realize that if the cryptocurrency market falls, Ethereum will be more affected by this fall than Bitcoin. For more information, I recommend you to read the following post.👇 Ethereum Analyze ( ETHUSDT ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
ETH – High confluence Pull back Trade.TLDR: • This Idea is for those that want to increase position size or to enter long. • Currently it is not sure we will get a retrace. This Idea is to prepare myself (and you, if you’re interested) in case we get a pull back. • This Trade is based on Fib levels, EMAs and Fixed Range Volume. • The 0.382 fib has the most confluence and offers better R: R. • Please read my previous Ideas (linked) because they provide context. Pullback Targets: • 0.236: I couldn’t find additional confluence. If you decide to take a long based on this level put a wide SL (this is just my opinion). • 0.382: Confluence with the FRV PoC and the 50D EMA. Strong confluence and a healthy pullback that will not kill the bullish momentum. • Below these levels, I will have to reevaluate. Trade Idea No. 1: • Entry: 1855 (0.236 fib) • SL: 1780 (below the 0.382 fib) • Target: 2700 • TP: 2000, 2150,2700. Trade Idea No. 2: • Entry: 1808 • SL: 1760 • Target: 2700 • TP: 1930, 2150, 2700 NFA. What do you think? Please share in the comments. Best wishes to all.
Long
by NewThoughtCrypto
Ethereum – Possible moves for this Trading Week (June 26th).• Ethereum is trading in a range between 1858 – 1916 USD. • Currently ETH is unable to break the 1930 USD resistance level. • I expect Market Makers to take advantage of Fed Powell’s speech (June 29 – 30) to take ETH lower. This correction could be a quick liquidity grab, or it may take longer. • After this correction I think ETH will follow Bitcoin and break the 1930 USD level resistance to the upside. Friday’s (June 30th) PCE number release could be a catalyst to move the market away from the current range. • Be careful of short wicks up or down. I will look for confirmation before committing to a trade. For example: Support Levels: • 1858 USD – Range Low & 0.236 Fib. • 1830 USD – Liquidity Pool. • 1820 USD – 21D & 50D EMAs • 1810 USD – 0.382 Fib & Fixed Range Volume PoC Resistance Level: • 1930 – Range high & FRV VAH • 1990 – Previous Daily level HL • 2100 – Previous Daily Level HL Please read My Previous ETH idea (linked) for more context. NFA. What do you think? Please share in the comments. Best wishes to all.
Long
by NewThoughtCrypto
Ethereum ETH price slow as turtle, but stable at a long distanceToday, let's take a look at the prospects for ETHUSDT price movements in the medium term. On the one hand, over the past week, the ETH price has grown +13%, which is worse than the BTC price +17%. By the way, here we described our thoughts on the possible movement of the BTCUSDT price On the other hand, buyers of ETHUSDT we can understand how difficult it is for them now, because the ETH price is now "stuck" in a powerful mirror zone. In 2021-2022, the $1750-2000 zone acted as a reliable support, and over the past calendar year, it has been acting as resistance and not letting it go up. However, looking at this, as the Ethereum team and holders with investors are actively working to greatly reduce the supply of ETH on the market, we believe that the coin has a bright future. It is also worth realizing that the current ETH is not the Ether of 2016-2017 or 2020-2021, when its price was multiplying every week. Now, Ethereum's capitalization share is 19-20% of the total crypto market capitalization, and now it is a very difficult task to move the price up by hundreds of %, as it was before, and requires exorbitant investments. So now Ethereum has moved into the category of a "reliable, low-volatility investment", of course, by the standards of the crypto market. Now, the main task of ETH buyers is to keep the price above $1750-1806. We consider this price range to be a reasonable one for a medium-term investment in Ethereum. And the first target where you can sell at least part of your ETH savings is around $2870, which is +60%. PS: After the ETHUSDT price manages to gain a foothold above $2000, growth will become more dynamic. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
40
#ETH is in strong support! what we can expect?ETH Technical Analysis: From a long-term perspective, ETH has often been bullish when trading inside the blue rising broadening wedge. Currently ETH is trading at 1740$ which is a strong level of support, we are expecting a good bounce up to the upper level of this falling wedge and if it breakout this pattern then we can see some good bounce according to the pattern. we have 1940$ and upper resistance of this pattern. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
5
ETHUSDT at weekly support, will that hold?The price has fallen back again to the weekly support 1 zone which screams for a buy but here is a bit of confusion I have when I see the BTC chart. BTCUSDT chart is suggesting that it is going down which means further down move for ETHUSDT towards weekly support 2 zone. Or its the other way round, ETHUSDT is suggesting no further down move and so BTCUSDT shall hold. Kind of conflicting, but pure ETHUSDT chart without considering any other factor suggests a long trade favorable here. But since other factor is involved, the risk shall be minimized by smaller position size and strict stop loss management.
Long
by angela_altair
#ETH DAILY TIMEFRAME UPDATE!!#ETH UPDATE ETHUSDT is in an upward trend that is constrained by resistance and support. The local resistance that has been holding back the cryptocurrency pair for a while was shattered yesterday. The pair departs the range when the price breaks the MA-50, and it then establishes a consolidation above the line following another testing of the barrier. The currency will start to strengthen if the bulls manage to keep the price in the new channel. The market has been more active recently, and we can presume that this is due to the fundamentals of the economy as they relate to the dollar index. Support is being provided by the moving averages. The support is validated by the MA-200 crossing the lower edge of this rising channel. Strong support: 1880, 1846, 1775. Strong resistance: 1920, 1941, 2021. I anticipate that ETH will continue to rise until 2021 under the influence of the bullish trend and attitude, followed by a breakout and strengthening to channel resistance. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
4
ETH Weekly: Giant Re-Accumulation?!I believe I could make a very compelling case for the weekly chart on ETH becoming one big giant Wyckoff Re-Accumulation schematic. Before we begin, please take a minute to look at the Re-Accumulation schematic in the bottom left corner of this picture: img.phemex.com With that fresh in your mind, let's get back to the charts. It looks like back when we went and took out the ATH (just barely) in November of '21, it was actually serving a very important purpose. That was our UTAD before the subsequent bear market & giant dump back down to take out the lows of the AR & SOW. Once we took out those lows, we put in one low and then a higher low followed, which now serves as our Spring and Test right before a big jump across the creek. Currently on our indicators, the 3 day is showing a giant hidden bullish divergence. Last time we printed a trigger wave on the 3 day, it caused Wave 3 (AKA the run-up from 1385 to 2146, see related ideas) and with this trigger wave coming in lower, while price is making a higher low, it forms a very strong hidden bullish divergence signaling massive uptrend continuation is on the horizon. This would fall perfectly in line with our big "Jump Across the Creek" in the Re-Accumulation schematic, as well as our Elliott Wave 5 from my previous post (link below). As of right now, our Wave 4 did exactly as it was supposed to by not retracing past the zone in between the 0.382 and 0.5, which should mean that Wave 5 is incoming. Targets for this idea start at the macro GP from ATH around 2560 and increase from there according to your risk tolerance and profit taking strategy. Personally I will only be taking partials and plan to let this trade run as far as it's willing to run, with my stop loss at my entry. What are your thoughts?
BINANCE:ETHUSDLong
by DigiLex_LLC
The Range Gives You GainsHave you ever heard of "the trend is your friend?" I got a new one for you - The Range Gives You Gains 70% of the time in any given market, price will be in a sideways range doing nothing. People seem to think they can only make money when the market goes up or down, effectively confining themselves to only trading 30% of the time. Learn how to trade a range, it will change your life. Mark out your Value Area High & Low, as well as your POC. When price comes down to one of these levels, you check your low time frame indicators and look for divergences or other signs of a reversal. It's really one of the simplest ways to make money in any market, yet it's so overlooked & underrated. Just like the trend, you trade the range until proven otherwise. Follow me for more trading tips - today's was a very simple fundamental tip, but I post more advanced tips ranging from Wyckoff to Elliott Waves and everything in between. Hope you have a great day and make a bunch of money inside of this range!
by DigiLex_LLC