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Etherium

ETHUSD ContinuationHi Traders, ETHUSD has been on a decline since December last year, there has been lots of talk about what we could expect from cryptocurrencies, I just follow what the chart tells me, and We can see that price has come from a nice push to the downside and has now created a small channel on the 30 min timeframe. Based on the Higher timeframe I am more interested in seeing price break the lows and the following momentum, if we do get a break out above we could see the buys short-lived, I will be aiming for the lows of 1700. Should the setup play out? I will be back with more analysis tomorrow. Renaldo Philander
COINBASE:ETHUSDShort
by Tradebudz
Etherium: $2000 next according to this pattern.Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of descending symmetrical channel and the price attempting to reach the center of the channel to retest the descending line of support. The top of this pattern sits at $2000 mark which in addition with the bottom line of the falling wedge pattern (daily timeframe), and the fibonacci retracement golden pocket, is the resistance level of the pattern. This level is also a big psychological level and the level which i believe etherium will retest once again before any further drop down. Although the current price is below the 4HR 50 EMA and the 4HR Stochastic RSI is in the overbought territory, we can anticipate a 12% move up if the price hits the top of this pattern. Thanks for reading, and stay tuned. Enjoy.
COINBASE:ETHUSD
by EdgarTigranyan
2
Russian bitcoin is going to go up #eth #etherium $eth #ethbtc Larger timeframe bull flag as a continuation of the smaller case bull flags Larger crypto run is perhaps over, or close to it - we don't care - but EFERIUM still wants to tap at least old ath's, but perhaps even to break higher Many interesting things going on with the supply lockings and burn. In any case, EFERIUM is going up and perhaps going to once again flip bit corn? Or maybe when you seriously entertain such thoughts, it's time to exit. But 2x is in play and then perhaps price discovery? Let us pay attention to the narratives as they develop
Long
by DeadDragonsDream
1
Etherium: $2280 or $1660 next according to this pattern.Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of a symmetrical triangle pattern and the price of ETH trading above 2k once again. Let us find out where can the price go next, and what are the targets. If we extrapolating a measured move from this pattern, we have a bullish price target at $2280, and a bearish target at $1660. This will be a 13% move up or down and since the price has reached to the very end of the triangle, a breakout is imminent. Due to the fact that the movement preceding the triangle's formation was bearish, the chances of breaking bearish out of this triangle is higher. However, since the price currently trades above the 50 SMA on the 4HR timeframe, there is chance that we also see a break towards the upside. Unless you are already in a trade, it is smart to wait for a breakout either up or down, with a confirmation and volume, before entering a new trade. Thanks for reading, and stay tuned. Enjoy.
COINBASE:ETHUSD
by EdgarTigranyan
1
whales manipulating bitcoin to the down side being sneakywhales manipulating bitcoin to the down side being sneaky Heres how they are doing it: They are buying bitcoin, etheum, etc in very small increments so trades are not noticed and retail can capitalized on it by selling into spikes. Then they keep acculating until they see retail coming in to buy when fomo comes in As soon as the algos determine they have enough retail suckers trapped the dump all there buys all in one shot causing retail to panic sell at a loss causing prices to plummet. Then they buy the dip and slowly accumulate and start all over again all while maintaing lower prices as they go to not allow long term holders to regain there losses. if retail tries to catch up they will eventually run out of money or sell at a loss. Brilliant. What to do? Dont short term long trade. Its a waste of money and time since retail dont have market manupulation money like whales have. Only thing to do is buy on dips by dca and hold until bull cycle returns in 3-4 years. And hope fed starts printing money before then to keep cycle going. Lets see what happens.
COINBASE:ETHUSD
by jimmypop7505jc
1
ETH - Might Still Be In a Bull Run - Alt Season ExpectedWith the recent capitulation eth has not set a new major local low like BTC did. Chart is behaving oddly similar to what btc correction looked like in July 2017. Back then we made a new ATH, then had an initial 50% correction (like we did in May - July 2021) then going back up, barely setting a new highs (green marks) before going into a second capitulation, that took btc even slightly lower then an initial fall was. It looks like ETH with the rest of the altcoin market cap is doing the same. If Eth starts to correct rapidly to the upside, without slow grind, but just exploding upside, like a presented with a yellow arrow like you can expect new ATHs to be in the cards and the big altseason to start especially for the rest of the "OG" alts that haven't had their true bull run yet. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:ETHUSDT BITSTAMP:BTCUSD
Long
by AVA37
Etherium: another 25% bounce before retest?Hello all. Looking at ETHUSD on the weekly timeframe we see that the price of etherium has found support at the $1720 and currently trades above the $2000 price mark. The question is how long will the price of Etherium remain above $2000? Let's discuss. The price of Etherium broke bearish out of the rising channel and fell below the ascending line of support early on May 8th, and as we expected in my previous Etherium TA. (Link Below). On the daily timeframe the price managed to close above the previous daily low and got back inside the falling wedge pattern (bullish pattern). The top of the falling wedge pattern sits at around $2800 range which from the current price is another 25% higher. This price level will also correspond with the 50 week EMA. However, a much stronger level of resistance is the $2650 which is the long ascending line since march 2021. In my opinion, the sell off in the market is not done yet and although we see some relief bounce now, there is more drop incoming. At least a retest of the same $1700 level. I believe, that the selling pressure will kick in once the price of etherium reaches the fib golden pocket at around $2370-$2430. Thanks for reading, and stay tuned. Enjoy.
COINBASE:ETHUSD
by EdgarTigranyan
1
#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..ETH broke out and retested perfectly. Looking at the daily chart, It seems the market is ready to pump from here. DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend. All we need is daily to close with a beautiful hammer. The potential target for the pattern will be somewhere around $4k. Suggested the best buying range around this level in my last chart. SUGGESTED ACTION:- Although you should always DYOR, This is what I will do, Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to $2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily. SL:- I will close my long in case we break and close below $2677. This is a good trade setup giving us 1:8+ RR which is amazing. INVALIDATION:- Close below the black support trendline will invalidate the chart. Let me know what you think. DO hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
4
#ETHUSDT This will trigger a rally towards $4k...The best buying signal was provided around $2600 level where we bought and are still holding. ETH broke out and retested perfectly. ETH is looking way better than BTC atm. Already broke above the 50 D MA which is a bullish indication. Close above the 21 MA would trigger a rally towards $in 4k. Invalidation:- A daily close below $2878 Let me know what you think. Do hit the like button if you want me to post these short updates. Follow me for more Thank you #PEACE
Long
by Cryptorphic
13
ETH - CYPHER HARMONIC PATTERN?Hey guys, hope everyone is good. I have something new here, a HARMONIC PATTERN Harmonic patterns involve more than just geometric shapes. They also follow strict "rules" measured by FIBONACCI LEVELS There are several types of harmonic patterns including Gartley, Butterfly, Bat, Cypher, 3 Drives, Crab, and more. This particular pattern is called the CYPHER PATTERN It is a REVERSAL PATTERN and usually occurs near strong trend reversals. It's said that CYPHER PATTERNS have a higher success rate than any other HARMONIC PATTERNS but are rarely found on the charts. The CYPHER PATTERN can be bullish, or bearish. The pattern in this chart is considered a bullish pattern. The buy order should be at point "D" with a stop loss below point "X" As I mentioned above, There are "rules" (requirements) that need to be met in order for the CYPHER PATTERN to be considered VALID . X-A > Line X-A is an IMPULSE LEG A-B > Line A-B is a RETRACEMENT of line X-A. It MUST retrace to 0.382-0.618 (candle close) B-C > Line B-C is another leg up. "C" MUST end up between the 1.272-1.414 FIBONACCI EXTENSION LEVEL of impulse leg (LINE X-A) C-D > Line C-D is a RETRACEMENT of X to C. Line C-D MUST touch the 0.786 RETRACEMENT LEVEL The chart shows a possible CYPHER PATTERN trade setup. Lines X-A, A-B, and B-C are all VALID, therefore IF line C-D touches the 0.786 RETRACEMENT OF X to C, we should have a high risk/reward trade setup. For this to be considered a VALID HARMONIC PATTERN, all of the "rules" above MUST be met. So far, the first 3 rules have been met. The only thing that is required now is for ETH to retrace to the 0.786 of X-C which is between $2200 - $2300 If the pattern CONFIRMS to be VALID, the TARGET is set at the 0.382 RETRACEMENT of X to C which is approximately $3700 (A potential gain of around $1500) Stop loss order just below "X" ($1690) If ETH does NOT retrace to the 0.786 of X to C, The pattern is INVALID . Because of the strict requirements for the CYPHER PATTERN and other HARMONIC PATTERNS, they do not occur as often as other chart patterns. TO BE CLEAR, THIS IS A POSITION "NEUTRAL" CHART. IT IS AN ANALYSIS & TUTORIAL. ETHERIUM WOULD HAVE TO DROP TO $2230 FOR THIS IDEA TO BECOME VALID. Just sharing some interesting things I've learned and can make use of. Hope you guys like this and find it interesting. If so check out my other Ideas. I'll leave my most recent BTCUSD chart link below. Please LIKE, FOLLOW, SHARE, and COMMENT if you wish. Sometimes I'm busy but I do respond mostly. *** THIS IS NOT INVESTMENT ADVICE This is just an idea and based off of my research and experience learning and trading cryptocurrencies. Always do your own research before trading or investing***
COINBASE:ETHUSD
by Mboersma0324
2