Etherium - Further price declines are expected.After the sot on the chart saw an uptrust (ut) and test. Which signals that the asset will fall in price. At the level of support the buyer did not hold the price, after which the shedding began. At this period of time there is no support on the chart, most likely this is not the end of the movement.
If you liked the idea, please like it. That's 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 loved ones happy.
Ethereumforecast
Ethereum ETH Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Ethereum ETH, which is overvalued.
ETH/USDT short
Entry Range: $1600 - 1700
Take Profit 1: $1540
Take Profit 2: $1370
Take Profit 3: $1265
Stop Loss: $1950
Ethereum: Drop it lowTonight is the full moon lunear eclipse that initiates a turning point for transformation. Well, Ethereum came a bit early to the party and dropped it low. We expect Ethereum to come back up to the $1790 resistance and move above $2029 right into the blue target zone. After completing the blue wave (iii) between $3048 and $3756 in the blue zone, the course should turn. Once again, we expect Ethereum to drop out of the target zone. In the secondary scenario, ETH should drop below the support as soon as it crosses the $1194 mark. After moving below the $1194 support, we expect the course to wander further below $883.
How far the ETH course is willing to drop will be specified as we move along.
ETH/USDT - Writing On The Wall? 📉Looking at the $ETH daily chart, things are looking quite bearish.🐻
$700-800 remains our target "bottom" in this range as $ETH just bounced off the downward channel as illustrated.
We pointed out a potential crypto dip the other day looking at the $BTC charts, and it seems to be playing out. 🔮
Do you think we get a small relief bounce here on $ETH? Or is it "look out below" until $700-800? 🤔
Either way, we're big HODL buyers at those levels long term.
-TucciNomics
Chief Overlord, AlgoBuddy
Etherium - Price stands on local support.After the release of the data on the chart, buyers held the price at 1544 and pushed it up 8.96%. This tells us that we will most likely see a continuation of local growth if the price doesn't fall below 1544. We need to pay attention to how the price will react to the approach to the level of 1661, we can see several variants of the situation.
First: a false breakout of the local highs and a sharp reversal back and further decline in the price, which will go to test the buyer.
The second one: a structural set of positions by the buyers who will absorb the current supply in the market and push the price to about 2000, where the distribution of the asset can start.
If you like the idea, like this. That's 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 loved ones happy.
As said in the previous situation we saw a false pullout and a strong impulse movement.
ETH Daily TA Neutral BearishETHUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash.
* CRITICAL RESISTANCE/SUNDAY SCARIES WATCH . Cryptos are struggling to keep the bullish momentum going over the weekend as the post-FOMC rally (fueled by a robust October Jobs Report) tries to carry over into next week's big CPI report on Thursday (11/10). Chinese President Jinping stated the obvious Friday , that the world should do their best to avoid nuclear war; he did this without mention of Russia. Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .*
Price is currently testing the upper trendline of the descending channel from November 2021 as resistance, which coincides with the 100MA, at ~$1650; both resistance levels are just below $1711 minor resistance, hence why this is a critical juncture. Volume was Moderate (moderate) in yesterday's session and ended a two day streak of buyer dominance by finishing in the red. Price has broken above the VP POC and is now trading in the third largest supply/demand zone on the chart. Parabolic SAR flips bearish at $1520, this margin is mildly bearish at the moment. RSI is currently forming a trough as it trends sideways at 65, just above 63 minor support. Stochastic remains bullish for a second consecutive session and is currently trending up at 73, the next resistance is at 81. MACD is currently forming a soft peak at ~73, if it falls below 57 it would be a bearish crossover. ADX is currently trending up slightly at 31 as Price is attempting to push higher, this is mildly bullish at the moment.
If Price is able to breakout above the upper trendline of the descending channel from November 2021 + the 100MA at ~$1650 as resistance , it will have to get above $1711 minor resistance to confirm that it has broken out of the year-long descending channel. However, if Price is rejected here, it will likely retest the local low of ~$1500 as support before potentially retesting $1427 support . Mental Stop Loss: (two consecutive closes above) $1711.
ETH/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part.
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ETH/USDT - LONG ETH released a breakout----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part.
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$ETH
Here we go!
ETH released a breakout & going upwards📈😎
⚡️⚡️ #ETH/USDT ⚡️⚡️
Client: My-ByBit USDT
Trade Type: Breakout (Long)
Leverage: Cross (5X)
Entry Targets:
1) 1688.45 - 100.0%
Take-Profit Targets:
1) 1765.05 - 20.0%
2) 1826.05 - 20.0%
3) 1930.05 - 20.0%
4) 2092.80 - 20.0%
5) 2257.85 - 20.0%
Trailing Configuration:
Entry: Percentage (0.5%)
Take-Profit: Percentage (1.0%)
Stop: Breakeven -
Trigger: Target (2)
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.
Etherium - We see a resumption of buying.Yesterday closed the day with a weak buying bar with a selling tail, which tells us that there is a buyer and that sellers continue to press the price. But the second cryptocurrency's price rebounded 3.5% today (at the time of writing this post). The U.S. non-farm payrolls data is coming out today (forecast
250K), which tells us of increased volatility. In order for the price to continue to rise, we need to remove liquidity, to go for stop loss losses of the longs. Perhaps we will see a spike to the bottom with a quick buyback of the asset. This is my subjective opinion, no matter how it is, but the market is always right.)
If you like the idea, do like it. That's the best "Thanks!" 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 loved ones happy.
Please pay attention to the previous idea and feel free to share your opinion in comments.
Etherium - After the release of important news goes to test the As expected, the U.S. Federal Reserve increases the interest rate by 75 basis points (0.75%). It is now at 4%.
On the background of this news we saw increased volatility in the markets.
The buyer failed to reach the local highs and the chart continued to move in the downward channel. Maybe this formation lures the market participants to the short for the further movement at the expense of their stop-losses.
If we do not see a resumption of buying at 1480, we can expect a test of the buyer at these prices: 1) 1360. 2)1220.
If you liked the idea, please like it. That's 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 loved ones happy.
The previous idea is still relevant, at any time we can see the resumption of buying.
ETH/USDT - Looking Ahead 🔮$1700-1800 remains an important range for Ethereum.
Having been rejected back in September, if we can't push up and consolidate above, then we might be in for some decent downside.📉
Our overall sentiment on crypto remains the same - that being a decent pump pre & post midterm, then decent leg down end of Q4, into Q1 of 2023. Difficult to time exactly when, however the macro situation doesn't make us bullish at all in the short term. For now, we're still leaning bearish (longer term). 🐻
That being said, if we do nuke down into the $700-900 range, we'll be looking to pickup a decent chunk for long term HODL. 🤝
Eyes peeled today with the FOMC. 👀
Cheers.
-Tuccinomics
Chief Overlord, AlgoBuddy
ETH Daily TA Neutral BearishETHUSD daily guidance neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash.
* FOMC WATCH . Cryptos are mixed with some altcoins up but most large-caps down. Equities, Equity Futures, JPYUSD, CNYUSD, GBPUSD, EURUSD, Gold and Oil are also down. DXY, US Treasuries, Agriculture, Nat Gas and VIX are up. Both Apple and Microsoft's top and bottom beat didn't do much to quell the selling pressure leading up to the upcoming FOMC meeting. Speculators are still betting on a 75bps rate hike, but given the still high inflation numbers and retail data it wouldn't be all too surprising to see a 100bps hike. Russia's recent move to pause the grain deal with Ukraine and the upcoming European winter are likely to both keep pressuring inflation. Key Upcoming Dates: 2nd GDPNow US Q4 GDP estimate 11/ 01; FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.*
Price is currently trending down at ~$1560 after forming a soft-peak just below the 100MA which coincides with $1711 minor resistance and the upper trendline of the descending channel from November 2021; the next support is at $1427. Volume is currently High (low) and on track to favor sellers for a second consecutive session if it can close today's session in the red. Parabolic SAR flips bearish at the 50MA (~$1365), this margin is mildly bearish at the moment. RSI is currently trending down and testing 63.17 minor support with no signs of trough formation. Stochastic remains bearish after defying a bullish crossover and is currently trending down at 87 as it approaches 81 support. MACD is currently trending up slightly at 63.76 as it's beginning to form a soft peak, it's still technically testing 28 resistance. ADX is currently trending up slightly at 31 as Price pushes higher, this is mildly bullish at the moment.
If Price is able to bounce here then it will likely retest the 100MA + the upper trendline of the descending channel from November 2021 at ~$1711 minor resistance before potentially breaking out of the descending channel. However, if Price continues down here, it'll likely retest $1427 support before potentially retesting the 50MA + the uptrend line from 06/18/22 as support at ~$1375. Mental Stop Loss: (two consecutive closes above) $1711.
ETH/USDT - LONG SCALPING-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ ETH/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Isolated (5.0X)
Entry Orders:
1) 1609.65 - 100.0% (344.7864 USDT)
Take-Profit Orders:
1) 1633.5 - 65.0%
2) 1649.7 - 25.0%
3) 1723.75 - 9.998%
Stop-loss Orders:
1) 1574.55 - 100.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
Etherium is a successful exit from accumulation.At the moment sales are not visible, we move to the local targets. Correction is possible.
If you liked the idea, please like it. That's 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 loved ones happy.
In this idea this movement was predicted.
ETH is strong, but it’s the trap!Hello, everyone!
As usual we can notice that the Ethereum is stronger than Bitcoin during the pumps on this bear market. You already know my global target for ETH, it’s $500. Now ETH makes the traders greedy and stimulates to buy the asset with rapidly increasing price. Of course it’s a mistake and Ethereum will dump more than the Bitcoin.
Let’s take a look at the 4h timeframe of the ETHUSDT chart of the WhiteBit exchange. The price is forming the Elliott waves structure, but a little bit different as on the Bitcoin. For ETH the price have also reached the 0.61 Fibonacci level in wave 2, but wave 3 is extended and reached the 2.61 Fibonacci extension. It means that now it’s correction time in wave 4 to the 0.38 Fibonacci (~$1500). The wave is gonna be shortened because of extended wave 3. I think that the maximum for Ethereum in this rally will be no higher than $1700. When we will see the proper setup we can short it because the potential dump is huge.
Best regards, Ivan