Ethusdtshort
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
ETHUSDT ShortTime Frame: 4H
Symbol: ETHUSDT
Entry: 1490.32
TP: 1336.14
SL: 1620.15
Bias: Short
Short term impulsive bullish moves of this pair showed some optimism for bullish opportunities last week. Unfortunately the trend did not display its rigor as it should show off. So we are more inclined to sell.
ETH Fractal - July 2022-Although we have broken daily downtrend, market sentiment is still overall bearish
-Fear & Greed Index sitting around 30 (fear)
-Fractal taken from approx 27/12/21 - 28/05/22
-Price difference between high ($3595~) and low ($2142~) on fractal is $1435
-Current area of interest approx 13/06/22 - 20/07/22 (today's date)
-Price difference between high ($1633~) and low ($879~) in current area of interest is $754
-Price different between fractal high/low and current area of interest high/low, is approximately half
-Possible bull trap ?
If this fractal plays out there is potential for ETH to retrace to the 1.168 of the current run to approx $613~
ETHUSDT: Elliott Waves Intraday TradingETH price continues to rise within the ascending momentum of wave C.
Locally, a correction may form in wave 4, after which the price may continue to rise to complete the big ABC correction pattern in ascending wave 4.
As before, I plan to sell after the completion of local wave 5, after the formation of a false breakdown of the trend line.
I consider opening a long position only in case a bullish pattern of the current trend continuation is formed.
Best Regards,
CEO Tornado Capital
ETH: Is at resistance!!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 it a financial
#ETH UPDATE
Update: ETH form this big channel in 2d time frame.
Currently, ETH is facing two resistance one is this horizontal resistance and the second this the middle of this channel.
ETH need to break this resistance if it reject then it will go test $1280.
Let’s see how the market will react.
Let me know in the comments. Do show your support with your likes and if you don't want to miss any updates then follow my channel.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
ETHUSDT: Medium Term Wave LevelsIn today's review, I present to you my trading plan for Ethereum.
I don't like WXY models and truncations in corrective waves, but it's almost impossible to work and trace the possible logic of price behavior otherwise.
Criticism from the outside is almost inappropriate, because. I am not trying to prove anything, but simply sharing my plans for the near future, which may help to understand my actions.
In general, the structure of Ethereum wave levels is similar to the wave structure on bitcoin. In both cases, I am considering the formation of a large wave 4, after which the price may, with a high probability, go to new historical lows.
What drivers can serve for such dynamics?
So far, it's hard to predict.
However, they may appear later, when the price will be already in a downward momentum.
Do I consider a scenario with continued growth in the current market structure?
Definitely - Yes.
But, this can be determined by the fact of the formation of bullish patterns of continuation of the trend.
Now I am guided by dry facts, price dynamics, trading volume and the general structure of prices in the crypto derivatives market.
I will consider going short Ethereum at the end of wave 5 of wave C (in wave 4).
Good luck planning good trades)
Best Regards,
CEO Tornado Capital
#ETH/USDT 2HR CHART UPDATE !!Hello, traders welcome you all to another chart update on ETH/USDT.
If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful.
As we can see in the above-mentioned chart that ETH was unable to break above again at the price level of $1270 and meltdown by 7l5% already.
Bounce from the mid-green support zone is likely in the upcoming hours.
Candles close below the green support will lead ETH towards lower price levels.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
ETH: Should hold this support!!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 it a financial
#ETH UPDATE
ETH is forming this symmetrical triangle pattern and currently, it is bouncing from the lower support of this triangle pattern but we have $1075 to $1090 as a local resistance.
if break down this lower support of this triangle then the chart will be invalided.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
ETHUSDT SEEMS BEARISH!!!Hello guys, this is my short update for free signal.
I saw a dead cross line at RSI Indicator it means ETHUSDT has the possibility to go for the next support area at 2700 - 2800. But we need to keep in mind this signal only works IF BTCUSDT doesn't close above 43,000 on the daily chart. I could say ETHUSDT seems have low possibility to claim its 3100 area but, after all, it's still bearish. So here is the signal:
ETHUSDT/SHORT
ENTRY: 3035 - 3080 - 3100
TARGET: 2950 - 2900 - 2850 - 2800
LEV: 10x (1-3% margin)
SL: BTCUSDT close above 43,000 in the daily chart / ETHUSDT price at least +-3350
HAPPY TRADE
#BEWARE WITH THE SPIKE
ETH: Is at support looks like it is ready to bounce!!!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 it as financial
#ETH UPDATE
ETH is forming this ascending triangle pattern and currently, it is on the support of this lower support.
LONG #ETH/USDT
ENTRY: $1150 - $1120
Remember to get in partially don't buy at once. It's important to keep your entry as low as possible. The best way is to buy in parts which will eventually average your entries.
TARGET: 50%
LEVERAGE: 10X
STOP LOSS: $1080
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
ETH: Is at resistance looks like it will retest!!!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 it as financial
#ETH UPDATE
ETH is forming this ascending triangle pattern and currently, it got rejected from this horizontal level as I mentioned in my BTC Update that it will come to retest so I expect ETH to retest to up the lower support of this ascending triangle.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you