Ethereumshort
ETHUSD Ethereum : Crash or dash? That's on you! 13.6Let's cut out the psychological pressure of seeing red and look at facts.
What's right now dominating the financial markets?
Inflation and panic selling.
What happens once the dust settles?
Think about "investment", what makes it attractive?
Crypto currency and specifically the Ethereum is an excellent hedge against inflation, fundamentally.
With scarce supply which is likely to burn faster than mined, and technology which could be the future of payment solutions - Ethereum shines.
So let's explain the crash technically:
1) Oversold condition which is only comparable to November 2016 and late 2018 - Both times proving to be extremely attractive buys.
2) Connecting trend-lines spanning back 1-4 years show very tight convergence between 890 - 1150.
3) A "Falling wedge" pattern is visible on a weekly time frame, which is bullish.
JP Morgan among other major names in finance name Crypto currency to be a smarter investment than real estate in current climate.
Don't let your emotion control your judgement, don't let fear run you out of investment.
Be smart, be patient, be calculated.
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$ETH - WHAT'S NEXT? BIG DROP..?$ETH - WHAT'S NEXT?
We hit the target of this 'beautiful' head and shoulders and are now in between a supply and resistance zone.
The next demand zone is at $665 and with the $BTC chart in mind, I expect us to reach this level.
Invalidation = break of the black trendline.
ETH Daily TA Cautiously BearishETHUSD daily guidance is cautiously bearish. Recommended ratio: 35% ETH, 65% Cash.
*Risk-On markets continue to get shellacked by a combination of: expectations of rising central bank interest rates through the first half of 2023 (and perhaps beyond) and continued supply chain disruptions due to more sanctions on Russia (which influences BRICS and OPEC+) and a massive reduction in US/China trade that is currently underway. Turkey has begun to ask for proof of insurance from Russian oil tankers now that Western insurers have been stepping away, this has reportedly caused a bit of a backlog in the Bosphorus Straits. Any earnings reports are essentially a non-factor considering that many of the forecasts point to decreases in top and bottom lines across many of the heaviest weighted industry sectors for Q4 and 2023.
Putin said today that the risks of nuclear war are growing as needs for Russia to potentially use them as a "deterrent" are also growing . I really hope that this guy is taken out from inside, anybody who makes these kinds of threats that could potentially wipe out a majority (if not all) of their own people in response does not deserve to be a country's leader. Russian people should be just as scared as Ukrainians if this is the route Putin decides to take.
VIX, EURUSD, GBPUSD, JPYUSD, CNYUSD, Metals, Natural Gas, DJI Futures and Agriculture (mixed). DXY, US Equities, US Equity Futures (mixed), US Treasurys, Cryptos, NI225, N100 and HSI are down.
Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. *
Price is currently trending down at $1232 and risks losing $1270 minor support if it closes below $1230 in today's session. Volume is currently Moderate (low) and on track to favor sellers if it closes today's session in the red, it has been alternating between buyer and seller dominance in the second largest supply/demand zone over the past week. Parabolic SAR flips bearish at $1085, this margin is mildly bearish at the moment. RSI is currently trending down at 47 and fell back into the Symmetrical Triangle (ST) from February 2020 in today's session, the next support is the lower trendline of the aforementioned ST at ~39. Stochastic remains bearish and is currently trending down at 68, the next support is at 62. MACD remains bullish and is currently forming a soft peak as it begins to trend down at -11, it would have to fall below -24 to crossover bearish at the moment. ADX is currently trending down at 28 and is beginning to form a soft trough as Price continues to see selling pressure, this is mildly bearish at the moment.
If Price is able to bounce here and trade back above $1270 minor support then it will likely aim to retest the 50MA at $1329 as resistance (which should coincide with the upper trendline of the descending channel from November 2021. However, if Price continues to fall here, it will likely retest the local low of $1100 as support before potentially retesting $1000 minor support for the first time since July 2022. Mental Stop Loss: (one close above) $1270 .
$ETH - Daily Bearish Order Block - Short to Liquidity 1172 *SMT*
Entry - 1206.93 (1207)) (NOW - )
S/L - 1267.49 (Must close above on the on or 4 hour chart before I will manuall remove myself from the trade, otherwise it m,ight just liquidity run through th number and drop)
Take Profit 1- 1150.27
Take profit 2 - 1120.36
Take Profit 3 - 1172
SMT= Smart Money Theory. See related Idea. ASmart Money does not focus on retail Technical Analysis. NO, trendlines, wedges, bull flags, bear flags, channels, moving averages, harmonics, etc. All of that is a distraction, price does two things. 1) Finds and attacks liquidity, 2) Finds and fills imbalances.
Currently the price of ethereum, did hit my previous suggestion as I thought before raising up again. It got down to 1177 when I was safe with 1194, but I knew there was a 1 hour fair value gap (imbalance) at around 1157-1163. During the asian session it has risen quickly to the dailt bearish order block as shown in the picture. At this point it should get rejected and it will probably take all week to get to the Sell side liquidity at $1171.
As price has moved up through the daily fair value gap that means it has mitigated on side of that gap. Price moving down to $1145 that is the bottom of the daily fair value gap. The momentum will be continuing down and head towards the equal lows where most people have their buy lim its set. Smart Money will know this and drive the chart down even furtrher. The one hour fair value gap will need mitigated and that might take more time as well becAuse it could consolidate in that area. (see where the arrows are in chart)
Don't fall for the triple bottom, that is to get you to bite when then are goping to force you to lose money. Instead you should be shorting now and take profit at that time.
with the current wave the golden ratio extension hits the next daily fair value gap. That will be Ethereum's possible next move After it get's under the sell-saide liquidity
that price would be 1332.... or will it drop further to the 860 I've already said twice now?
I'm not sure, but as for now I'm shorting til 1071
COINBASE:ETHUSD
BYBIT:ETHWUSDT.P
CME:ETH1!
CRYPTOCAP:ETH.D
3 TradingView indicators for trading EthereumTrading Ethereum can be a completely different experience to trading Bitcoin and other cryptocurrencies. While most cryptocurrency will typically move in unison, each Cryptocurrency does still have its own fundamental factors unique to its particular ecosystem, which means that they can move at different intensities and sometimes these unique aspects means they won't move in unison at all.
This can be very much true for Ethereum and it can frequently diverge from general market sentiment and forge its own price action path. As such, Ethereum traders might like to pay attention to indicators that were designed to fit this asset class. In this article we explore three such indicators and their use with to trading Ethereum.
Performante's Average Ethereum Volume Indicator
The Performante's Average Ethereum Volume Indicator uses volume flow from the biggest cryptocurrency exchanges, to determine the average trading volume of the asset. The benefit of this indicator is that you now can see a more accurate and all-encompassing idea of the volume of the asset being traded, rather than a volume flowing through one exchange/ broker.
Ethereum Long-Short Ratio
This indicator is important for understanding market sentiment as derived from the number of long traders vs the number of short traders.
Effectively, the higher the ratio (the higher the orange bars) means that long traders out number short traders, the we might have more confidence in the bullish prospect of Ethereum. Conversely, a lower the ratio, or the lowering of the ratio, might indicate the declining bullish prospect of Ethereum.
Correlation Coefficient
After you select this indicator, you will be presented with a popup box for you to choose an asset that you can compare with Ethereum. Your selection here could be banking stocks, tech stocks, Bitcoin, another cryptocurrency, or any other asset that aligns with a theory you have about Ethereum moving in relation to the movement in another asset.
The Correlation Coefficient Indicator is range bound between 1 and –1. If the indicator is switching between the bounds of this range or hugging close to 0, it typically means that the relationship between the assets is not very strong or predictable (as 0 indicates no correlation). What you want to watch out for are assets where the indicator remains close to 1 (as this indicates a high positive correlation) or -1 (as this indicates a high inverse correlation). Either way, a positive or inverse relationship can be used to help determine the movement of Ethereum via this other asset.
SELL Ethereum!! Eth H&S Pattern Confirmation. Bears in Control!This chart is pretty self-explanatory.
Head and shoulders pattern has completed and with current Macro-Economic conditions worsening and tightening, I guess this truly was one of those, "Buy the rumors, sell the news" events with the Ethereum Merge.
Not only this, but we are consistently trending down, making a series of lower highs and lower lows. The trend remains intact and very strong.
I thoroughly expect us to double bottom or even make a new low on Ethereum. The time frame for when this happens remains to be seen.
My take profit Targets on my short are $1000 - $880 for 75% of my position. I will hold this position into a new low if that occurs.
This will be my position on the markets until we print a new higher high and a breakout on Ethereum above $2,050 will prove this theory wrong.
Ethereum analysis and signal!Hey dear traders!
A simple and easy trade signal for Ethereum, in short term.
I will let you know the opening and closing times of my Trade.
in case of canceling this setup, I will quickly inform you in the comments.
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Ethereum.
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
ETHERUEM for a 1 way TICKET DOWN SOUTH!The Narrative for Ethereum goes like this:
The ADR for Etheruem flucuates between 100-180pioints.
Crypto is volatile and really doesn't abide by any rules thus the fluctuation with the ADR. Nevertheless with some detective work going back about a good 7 to 10 days you can get a lock in on the ADR.
Ethereum likes to throw a 30-50 point MZ then break to for minimum 50 points before a major pullback. Catch her on the right day and she will give you 90-100 points. Weekends she's a little lazy but still should give you 50 points after she breaks north or south of the MZ border.
This Saturday Sept 3, 2022 she has broken south looking like a 1 one way ticket to Miami ; with a strong possibility of leaving the country for the southern islands.:)
A big clue was that gap made at 5PM EST yesterday evening which was filled completely with the 2AM EST 15 min Candle indicating the trip south was eminent.
After that gap was filled a slight retrace to liquidate the shorts out of their fortunes then another order block. Then the last move to liquidate the rest of the shorts out of their fortune before the main move to Miami with all of us who are prepared to hold for the adventure south. ( #SniperMarketMechanics )
As always never over leverage.
Trust your set up-give the script a chance to manifest; and crypto likes to improvise so the right leverage will allow you to comfortably watch the show.
It's the weekend- HAVE FUN!
I AM Pro Trading made Simple. Master Jedi & Sensi of #SniperGang
EVERYBODY EAT$
ETHBTC Looking Bearish!Ethereum / Bitcoin pair is looking pretty bearish which will cause $ETHUSDT to drop too.
Although Bitcoin has the possibility of going up, like I stated in my recent bitcoin analyses, I do not think $ETHUSDT will go up too much because of $BTCUSDT.
$ETHBTC will stop $ETHUSDT from going up, and like I stated in my recent analysis, $BTCUSDT does have the possibility of going down.
If $BTCUSDT heads down, then I $ETHUSDT will suffer very hard because we will have multiple factors bringing Ethereum down.
I called $ETHUSDT from the top at over $2000 ;) check my profile for proof, and follow me to never miss out on high quality signals for free!
Ethereum - "FOMO" is likely to punish buyersFor about a month now, we repeated that bullish calls for a trend reversal and bottom were false. We continue to stick to this narrative also today. Indeed, recently, we noted that the price of Ethereum started to appear attractive for short position (re)entry in the range between 1500 USD - 1600 USD and above.
We believe drying up liquidity in the market suggests trouble ahead with institutional players utilizing the recent bounce to sell their positions. In addition to that, higher interest rates, a weakening economy, and regulatory obstacles continue to threaten the cryptocurrency market.
As a result, we think the bear market rally nears its end. Therefore, in accordance with our assessment, we would like to set a price target for ETHUSD at 1 000 USD.
Illustration 1.01
Illustration 1.01 shows the daily chart of ETHUSD. Yellow arrows indicate three bullish breakouts and one bearish retracement. White horizontal lines indicate support and resistance levels.
Systemic cracks
The list of affected companies and concise description:
1. Voyager (bankrupt) - defaulted on $350 million in the U.S. dollar-pegged stablecoin, USDC , and 15,250 bitcoin .
2. Zipmex (bankrupt)
3. 3 Arrow Capital (bankrupt) - filed for bankruptcy and its founders went missing.
4. Celsius Network (bankrupt) - went bankrupt after freezing over 151 000 Bitcoins locked away from its 1.7 million users.
5. CoinFlex - (limited withdrawals)
6. SkyBridge Capital - cryptocurrency fund (suspended withdrawals)
7. Coinbase (investigated by the SEC) - probed over the issuance of securities and insider trading.
8. Binance (investigated by the SEC) - probed over Tether stablecoin and insider trading.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bearish. DM+ and DM- are bullish. Overall, the daily time frame is bearish.
Illustration 1.02
The chart above shows the relationship between price and volume. It can be seen that after bullish breakouts, volume declined, hinting at the temporary evaporation of buyers. Now, we want to see a build-up in volume accompanying a declining price to confirm our bearish thesis.
An ugly reminder of the downtrend
The list of affected cryptocurrencies:
Luna - stablecoin (-99%)
CEL - cryptocurrency (-84%)
Cardano - cryptocurrency (-82%)
BNB - cryptocurrency (-57%)
XRP - cryptocurrency (-89%)
BTC - cryptocurrency (-64%)
ETH - cryptocurrency (-65%)
SOL - cryptocurrency (-82%)
Dogecoin - meme coin (-90%)
Polkadot - cryptocurrency (-84%)
Matic/Polygon - cryptocurrency (-72%)
*The list shows values from 30th July 2022. Declines are measured from all-time-high values.
Technical analysis - weekly time frame
RSI is bearish. MACD strives to perform bullish crossover. Stochastic is bullish. DM+ and DM- are bearish. Overall, the weekly time frame sends mixed signals; it lags behind the daily time frame.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Trading opportunity for ETHUSDT - EthereumBased on technical factors there is a short position in :
📊 ETHUSDT Ethereum
🔴 Short Now 1526.10
🧯 Stop loss 1650.00
🏹 Target 1 1350.00
🏹 Target 2 1200.00
🏹 Target 3 950.00
💸Capital : 1%
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