Ethereume WHY buy THE FEAR NOW ($200 ETHUSDT Long) Hello new friend, I know you are a very busy trader and that is why today I will be brief in my analysis of Ethereum.
Ethereum is full of potentials in 2020, To show you why buying the fear strategy doesn’t work with ETH/USDT because it works, I will be using a TRADER VIC'S Top/Bottom reversal strategy called 2B pattern strategy also popularly known as “SPRING” by Victor Sperandeo combined with key indicators like Relative Strength index(RSI) and Chart Patterns, this chart analysis will help you identify 3 basic things.
Common questions
What direction will the BREAKOUT BE from the current consolidation
Is ETH currently Bullish or Bearish
Trade Entry Point, Stop Loss and Target
The Trader Vic’s 2B pattern is a powerful Top/Bottom reversal techniques. In an uptrend, if prices penetrates the previous high but fails to carry through and immediately drops below the previous high, the trend is likely to reverse(this is also true for Downtrends)
Using 2B Pattern
The above chart illustrates 2B “bearish” reversals on the 1hr Chart (20 March 2020)
key Take away when applying this strategy, In a bullish setup
New Low
* Decent Retracement
*Another bar close below Bar 1 low
*Mark High of Bar 3. Wait for close above 4
*Long above the High of 4
1HR CHART
The above chart shows Trader Vic’s "Bullish” Pattern from ETHUSDT 1hr Chart. ETH/USDT made a new low
Observations and Trade setup
New low at 174.85
Decent Retracement at 180.64
Another bar close below Bar 1 low 171.84
Mark High of Bar 3, Wait the high of close above 4
long above the high of 4
Target previous swing highs
RSI ANALYSIS (1hr chart)
A FAILURE SWING BOTTOM
The RSI on the above chart shows ETHUSDT that
RSI crossed ito the oversold territory (Below 30% on 20 April 2020)
RSI also crossed back above 30%
on the 21 April 2020, RSi formed another dip without crossing back into the oversold zone
RSI on the same 21 April breaks its most recent high signaling bullish
Thank you reading, Don't for get to like and comment your opinion .
Ethusdcrypto
📉ETHUSD - Will continue downtrend. Hello!
Apparently, the upward corrective movement is more confusing and complicating.
I assume the scenario of five wave corrections in the form of a triple zigzag W-X-Y-X-Z in wave (B).
Now, his last wave (c) of (Z) of (B) is completing the formation.
Daily chart:
Globally, on the daily chart, I marking a flat in wave (X), where at the given moment, is formed almost 2/3 of the wave. One impulse down is still missing within the wave (C) of (Y) of (B) of (X)
By timings, the decline is likely to end in the month of May.
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ETH/USD LONG SET UP TO $196Title :ETH/USD BUY LIMIT ORDER
Asset : Crypto
Symbol : ETH/USD
Type : Limit Order
Time Frame : 2hr
Entry Price 1 : $153.86
Entry Price 2 : $148.46
Stop Loss : $143.86
Take Profit 1: $164.86
Take Profit 2 : $174.46
Take Profit 3: $186.86
Take Profit 4: $196.46
Technical Support is expected around 153.22/ 149.31/ 146.77 with Stops expected below.
Technical Resistance is expected around 176.82/ 177.39/ 196.54 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Can ETH Maintain Momentum?Hello traders! Good morning on the East Coast of the USA. Hope you all are staying safe on the charts and out in public! Earlier this morning ETHUSD decided to take off and break through trendline resistance (see below). I have to be honest, the significance of this is very small.
The real question is if ETHUSD can maintain this momentum. If it can there is hope for a lot more gains. On a separate post on BTC, I mentioned how double top and head and shoulders at times play out (check it when you have a chance). The short of it is when I see an asset/commodity quickly selling off after its been on a lengthy trend and subsequently creates a base for a short period of time, my immediate though is Top Reversal Patter .
Let's take a look at a momentum indicator.
Above, momentum is analyzed using the Squeeze Momentum indicator which is a great tool for capturing divergences and highly suggest looking into it. With ETH potentially putting in a new high close, there is a possibility a bearish divergence might signal the slowing of the trend. I'd like to note that RSI and MACD are not posting divergence on lower time frames. This is typically the case on strong and quick moves.
Furthermore, price action is tying into a lot of what I am seeing with equity markets. Each are nearing the top of a short term trend. I'll be looking for short entries and will 100% not rush into them. Stay safe and like and follow if you enjoyed this content.
A relação entre as EMA de 9, 50 e 200 dias com ETH/USDC...Essa interação está realmente única...
Reparem como o preço usou a EMA de 9 dias como suporte, rompeu a EMA de 50 dias, sentiu resistência da EMA de 200 dias, depois usou a de 50 como suporte, e rompeu a de 50 novamente para usar a de 9 dias como suporte!
Vamos esperar algum tempo e ficarmos atentos para observar se a EMA de 9 dias irá ser rompida, o que seria uma indicaçã de baixa, ou se ela atuará como suporte para depois o preço romper as resistências das médias exponenciais de 50 e 200 dias.
Na minha opinião, existe uma boa probabilidade do preço movimentar-se um pouco dentro do canal, para depois ROMPER A EMA DE 9 DIAS E DESVALORIZAR!
AVISO LEGAL: o conteúdo postado nessa página não é conselho financeiro e não deve ser entendido como tel. O propósito dos posts é a INFORMAÇÃO. Invista e faça trocas de ativos baseado no seu próprio julgamento e risco!
Thoughts about decouplingEthereum can be seen to have moved nicely into a falling wedge pattern.
Personally I think i shot the gun a bit early with the decoupling call in 2018 but every day Ethereum moves further and further away from BTC.
As its infrastructure grows and marketable prospects exceed bitcoin.
BLX can be seen to be in a falling wedge and a rising wedge. To me this is an optimal time for decoupling to occur, however unlikely it may be.
I think for some time we will see Ethereum follow Bitcoin but eventually Bitcoin will end up following Ethereum..
I know this is pretty controversial so leave comments!
My previous Wedges chart
And my rising wedge chart
ETH/USDT we don't buy at Resistance zones.Hello Traders,
Today i am gonna be doing a simple and quicly analyses for ETHEREUM/DOLLAR is facing a KEY level right now.
A key level is one place where the price worked many times as support and resistance over trade history, and now we are facing this level as resistance, and we don't buy at resistance zones.
If we start a bullish acumulation pattern at this level the long position will be interesting once again.
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Ethereum has all good supports for a big pumpEthereum is at the support that is not broken down since more than a year:
As earlier we have seen that on daily chart the ethereum turned very strong bullish and started powerful bullish rally from December 2019 to 14th February 2020. And after gaining more than 150% value we have witnessed a waterfall crash after 14 Feb 2020 upto sofar. And Ethereum has lost more than 58 % of its value. During this crash the Ethereum has dropped at the support of $122. That is really strong suppor as we can see this support is not broken down since more than a year since March 2019. The priceline is likely to embrace this support as we examine that the price action has hit the spike even beyond this support but in all of a sudden the price action again retraced back and crossed up the support. At this time the price of Ethereum is moving above this level.
Long term support working as market structure for Ethereum:
Now if we switch to the long term weekly chart then it can be easily examined that we have a very strong support of $90 that is not broken down since June 2017. This is working as a basic market structure for the Ethereum’s price action. Once this support will be broken down then the market structure of Ethereum will be destructed and we can have very strong bearish move by the Ethereum’s price action. We have even that the price of a Ethereum has even hit spike beyond $90. For example in December 2018 the priceline has hit up to $80.60 but retraced back. And we don’t have even a single candlestick that is opened and closed below the support level of $90.
Formation of descending triangle:
On the weekly chart we can also notice that the price line is caught in descending triangle. The support of this triangle is the same as we have the long term support of $90. The priceline entered in this triangle in December 2018 and after hitting the support turned very strong bullish and produced more than 355% profit. And after June 2019 the priceline dropped down again up to December 2019. But this time the priceline did not hit at the support of this triangle. Because
Now the question can come it mind that why the priceline hits at the support in December 2018 but why did not hit at the support in the December 2019. The answer is that if we see in December 2018 then lower bands of the Bollinger bands was even below the support level therefore the price line had the capacity to move upto the support of the triangle. But in December 2019 we can see that the lower bands of the bollinger bands was above the support of the triangle therefore it played the role as a strong hurdle for the price action and stopped the priceline to reach up to the support. And this time in March 2020 we can again see that bollinger bands was moving with the support of the triangle therefore the price line had the capacity to reach up to the support and on the candlestick of 9th March 2020 we have seen that the priceline has reached the support of the at $90 and now turning bullish again.
Here I have also placed the volume profile on the complete price action moving within this triangle and as result we can see that the trader’s interest is very low below $106. Its mean that the traders are less interested in trading close to the support of the triangle therefore we can expect an upwards move very soon. And the point of control of the volume profile is at $134 it can also help the price line to move up because the priceline always moves around the point of control.
Bullish Gartley move:
Now I would like to divert your attention towards the harmonic move of the Ethereum that I have been showing in my previous posts and that the Ethereum has formed a very big bullish Gartly pattern on monthly chart. And this recent strong bearish move has helped the price action to complete the final leg of this pattern. The current candlestick on monthly chart has moved even below the potential revesal zone of this bullish Gartley. But until we will not have any candlestick that would be completely opened and closed below this PRZ level this Gartley pattern will be valid. And according to this pattern the buying in sell ranges should be as below:
Buy between: $ 189.05 to $ 141.35
Sell between: $ 225.63 to $ 316.03
So if the Ethereum will hit the maximum target then it can be more than 146% move. But if the priceline will cross up the maximum targets then it can turn more bullish.
Conclusion:
After hitting the strongest support of $90 there are strong chances that Ethereum will turn more bullish and this support will be saved.
The short-term support of $122 is also saved now the price line can move up to make another attempt to break out the the triangle’s resistance very on long term weekly chart.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
ETHUSD formed a bullish cypher | Upto 120% expectedPriceline of Ethereum / US Dollar has formed a bullish cypher pattern and entered in potential reversal zone.
We have a 50 simple moving average support within the potential reversal zone which can help the price action to hit the sell targets soon insha Allah.
But beware that MACD is still strong bearish and stochastic is oversold but did not give any bull cross sofar moreover the volume profile of complete pattern is showing that traders are still interested to trade below the potential reversal zone even the POC of volume profile is also below the PRZ area therefore I would suggest to wait for MACD to turn weak bearish or for bull cross from stochastic RSI then buy.
I have defined targets using Fibonacci sequence:
Buy between: 190.30 to 143.09
Sell between: 227.21 to 316.18
Regards,
Atif Akbar (moon333)
Ethereum possible reversal from 178, 180$ support levelCurrently Ethereum testing and holding the most important support level of 178$, 180$ inside a Bearish Channel on H4 chart.
A hidden MACD bullish convergence and RSI convergence can be seen on the chart which signals a bullish reversal.
In the previous downfall wave ETH made a upside reversal of 61.80% and touched the upperline of the bearish channel if it repears the same then we can see Ethereum heading to 216$ to most likely 223$ and VPVR Confirms this level as most dominant level.
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ETH/USD LONG SET UPETH/USD moved higher to the 206.28 level during yesterday’s North American session, a shallow retracement higher that was well below the 38.2% retracement of the move from 253.01 to 189.85. Many Stops were triggered during this recent bout of elevated market volatility that drove ETH/USD to its weakest level since 6 February. Stops were reached below the 226.69, 225.26, 220.00, 214.17, 211.50, and 209.75 areas during the pair’s quick decline, and this acute depreciation opens up the 195.34 and 175.80 areas. ETH/USD bears are also eyeing the 151.62 level as a downside price objective, but before the market tests this area it would first need to get through some longer-term technical support levels including the 177.85, 174.83, 165.25, 163.31, and 157.30 areas.
Price activity is nearest the 50-bar MA (4-hourly) at 223.17 and the 50-bar MA (Hourly) at 201.40.
Technical Support is expected around 189.85/ 182.62/ 167.17 with Stops expected below.
Technical Resistance is expected around 209.75/ 221.60/ 227.60 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
ETHUSDT - ready for growth. Do not miss the movement 🚀
Good day to all crypto fans! We continue to analyze the ETHUSDT chart. Previous analytics will be attached below.
Unlike BTC, ETH completed its correction on the daily time frame and is ready for growth. The price strayed from the moving average, adjusted to 0.5 Fibonacci. Over the course of 7 days, the price of ETH has consolidated in the buying area, and is now ready for growth. One can’t see a big desire to pull for a deeper correction in a glass of exchanges. Of course, everything depends on the price of bitcoin, but if it costs a little more growth or is in flat for a while, we will see the continuation of the alt season not only by ETH, but also by other coins. Sales areas are indicated on the chart.
For comparison, the graph highlighted the ETH correction in 2019, which is very similar to what is happening now. The price strayed from the medium-sliding one, consolidated in the buying zone and went to the upper border of the channel.
Cancellation of the scenario for growth and the continuation of the downward movement, leaving and consolidation below 182.60
Thanks to all my subscribers and readers for your attention!🙏
Success and profit! 🤑
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Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
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#Ethereum#ETHUSD, Careful buy signalThe upward trend in the daily graph currently holds.
The candles are located above the Ichimoku cloud but on the other hand, are below the average Ichimoku indicator lines (kijun-sen, Tenkan-sen), the indicators disagree on the future of the ETH.
As long as the Ethereum remains above the $ 213 support line, we will continue to recommend buying
Target: $ 280