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Ethereumshort

Ethereum SHORT introducing USD smart contracts blockchainEthereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950. Ethereum struggled to recover above the $3,120 and $3,125 resistance levels. The price is now trading below $3,080 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,950 low. Ethereum Price Remains At Risk Ethereum started an upside correction from the $2,950 low, similar to bitcoin. ETH price surpassed the $3,000 and $3,050 resistance levels. There was a break above the 23.6% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. Ether even spiked above the $3,100 level, but there was no upside continuation above the $3,120 resistance level (the last key breakdown zone).The price also remained well below $3,150 and the 100 hourly simple moving average. It seems like ether was rejected near the 50% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. There is also a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD. It is now moving lower and trading below the $3,000 support. On the upside, an initial resistance is near the $3,025 level. The first key resistance is now forming near the $3,080 level. The main resistance is still near the $3,120 level. A clear break and close above the $3,120 zone might start a fresh increase. In the stated scenario, the price might recover towards the $3,200 resistance. If ethereum fails to continue higher above the $3,080 and $3,120 resistance levels, it could extend its decline. An immediate support on the downside is near the $2,950 level. A downside break below the $2,950 support zone could spark a sharp decline in the near term. The next major support could be $2,880, below which the bears might aim a test of the $2,600 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 40 level. Major Support Level – $2,950 Major Resistance Level – $3,120 My name is Jarrod Cronin. I have created the USD smart contract blockchain. Ethereum is a network that came out many years ago. It is a smart contract blockchain. My United States Dollar smart contract blockchain is the fastest blockchain in the world. This Block Chain has the lowest fees in the entire world of a few cents per transaction. My blockchain will never get congested. My company is called The Magnificent Eight and I am looking for investors. The valuation of my company is at the lowest 300 million right now. My affiliate company UnstoppableDomains has created NFT domain name receive addresses on 13 TLD extensions such as .Coin, .Crypto., .Bitcoin, .X, .888, .Blockchain, .Zil, and more. With the open-source Cake Wallet from UnstoppableDomains you can currently hold Monero Bitcoin Litecoin however you'll be able to hold 275 cryptocurrencies coming soon. Also with my USD blockchain The Exchange is currently called USD.Trade that works just like Pancake Swap or Uniswap.The Binance Smart Chain blockchain is a smart contracts blockchain that is fast reliable and only costs pennies. It will stay like that and so will USD. Now is the time to get into Binance BNB. Currently I am in talks with Coin-Flip ATM to hold USD cryptocurrency in every ATM. in America. ;) I am currently developing the USD NFT protocol to integrate with the Rarible protocol. The Rarible Shared order book. So your NFT will be sold on platform A even if it's listed on platform B.
BITSTAMP:ETHUSDShort
by Henrywaters
1
Ethereum Potential Double Top, BEWARE if price break this level!Ethereum has had a nice rally since it formed a double bottom, congratulations to all my followers who took the long trade setup. It is now forming a potential double top, with the neckline at 1930. The double top will only be confirmed if price breaks below 1930, and it will be invalidated if price rallies above the second top at 2025. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market
Short
by cryptotraderog
11
Ethereum droppind to $850 in August 2022If Ethereum repeats the pattern that we saw after its peak in 2018, we might be in a bear market until August 2022, where the price might stabilize at around $850. In 2018-2019, during a period of almost 1.5 year, the price dropped by -88% until the bear market ended, which makes it not far fetched to believe that a drop by around -80% in the price can happen again. Crypto currencies are very volatile after all. The first signal to look for is if the 50 simple moving average crosses the 200 simple moving average, in which case a bear market is confirmed. If the trend lines continue on the same trajectory that we are already seeing, and comparing to what it looked like in 2018, this might happen two months from now in August. If the first signal occurs, the next one will be about one year later, in August 2022, when we might see the end of the bear market. Furthermore, note that in April-May 2018, during a one month period, the price jumped from $400 to $800. Jumps like that might happen again during this fall downwards. So be cautious and avoid getting FOMO.
KRAKEN:ETHUSDShort
by harambe1337
8
Ethereum Head and Shoulders target fall to 2000Ethereum seems to be continuing its bearish trend. We are looking at a potential short at the 200MAs, which is currently sitting at around 2240. A new pattern is now potentially forming, the head and shoulders, with the neckline at 2125. If price breaks the neckline, the target is around 2000. Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
2
Ethereum (ETHUSDT) Potential Short Scalp Entry Soon!Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. There is a potential short trade coming up on ETHUSDT, key word is potential. We need to wait for confirmations before jumping into the trade. I'm waiting for price to test the 2470-2490 zone, get rejected on large volume and large candlestick formation, before taking a scalp short. Of course, price can break through the 200MAs and continue to go up, in which case I would pass up on the short and look for a potential long. That is how I trade, being flexible and adapting as market conditions change instead of being stuck in a certain view. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
5
ETH: Careful with a triangle breakdown and DUMP.ETHUSDT has significantly dropped since the ATH of may the 15th. with a 60% drop and $2650 down in only 8 days before hitting a local bottom and recovering until the current triangle was formed. This powerful downtrend seems to be stopped right now, as we form this triangle, volume keeps steady. This triangle may soon breakdown, I'm basing this bearish scenario on the following: The current trend is bearish Bearish Kumo twist has already formed ahead The rather bearish Price action of the few last days Based on this I believe this breakdown will be followed by a small bounce from the area of support that consists of previous resistance of 2K to 1.5K range, the 180 EMA, and the Ichimoku cloud. If this bounce is rather weak we will probably continue the downward pull.
Short
by CryptoEstratega
ETH ready for the next DUMPETHUSDT is in a clear downtrend, the hull suite indicator (Big red line) shows that this downtrend was particulary powerful with little pullback until we found ourselves in the current range. Now ETHUSDT is forming a triangle and it looks like it could continue the downtrend, we also have a bearish kumo twist ahead. There is a strong area of support just below this triangle, with the 180 EMA, The Ichimoku cloud and previous resistance turned support. We should get a pretty strong bounce up, after we hit that area, if we dont and enter the cloud we could have an increased bearish sentiment and a further move down. Be advised to keep both eyes open for: Triangle Breakdown Hit area of support with little bounceback Enter Cloud and continue the downtrend. The bullish scenario Triangle Breakdown Hit area of support with strong buying pressure Start of new uptrend We could also break the triangle upwards, but I'm being pessimistic seeing the current lack of interest in the market right now.
Short
by CryptoEstratega
2
HaHa Soo Funny Short StorySO this one time I was really lazy I had up to this point only been [b ]9999.99% LONG... I couldn't help but get sucked into the vortex of trust me because "I know more than you guru baloney." Truth is that a modest holding that I had in ETH could let me even pick up a bit over 3 BTC at todays price sounds like I know what I am doing until you read that box there that's when out of laziness I went ahead and took a trade short position based on a well known guy because I was being a pleb. As face ripping as it was lol I was smart enough to see we were about to moon harder than I ever really planned. So a good fail safe allowed fore a reduction in my holdings and some huge gains most have seen this bull market. I am still however putting life's lesson in action minus the dingus behavior of being a early pleb lol.. Why am I saying this? Because anyone can be right or wrong and it is important to learn from bone head moves we take. I am going short on ETH again even though I hade a very real close call because unlike on my last big trade I am calling it and I am killing it and eating it on my terms. (Thank you Risk Management) for the second chance now YOLO 🤑.. LIFE LESSON DON'T BE LAZY! 😴💤 [i ]"I personally feel that buyers are going to increase their exhaustion buying dumps. Also Minimum Wage Hike hasn't hit fast enough for the little guppies to nibble up all the Whale crumbs.. As things sink down toward the inevitable abyss." "Noobs please try to understand some people have had bags bigger and longer than you." (Placer note Emoticon Shoulder Shrug) 🤷‍♂️ #Fixed What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" -No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" "KEEP CALM AND MANAGE THY RISK!"
KRAKEN:ETHUSDShort
by BradySWilliams