Ethereum Outlook (8 July 2022)Ethereum found some upside in July, finding the 1050 as a support level, the cryptocurrency is now trading just below the 1265 resistance level.
Sentiment has been improving for the major crypto currencies (hence the price increase) but the general market is still susceptible to shocks.
I would look for a clear break upwards before thinking of a sustained recovery, but general anticipation is for price to continue within the current range.
ETH-USD
ETHUSD short uptrend and correctionETHUSD showed revival and started ranging. It looks like a successful test of testnet Merge was the reason for optimism. However, fundamentals are working, and many asset managers will cut positions on crypto assets. Many funds and companies in crypto environment may not survive this crisis. Crisis is coming and many small hodlers will be forces to cut their investments in crypto. That is way after short ranging or even uptrend ETH will be under pressure of market and most possibly price will go down.
ETHUSD H4 Potential drop | 5th July 2022On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from the 1st resistance at 1177 in line with the horizontal pullback resistance and 61.8% Fibonacci retracement to the 1st support at 1087 in line with the horizontal pullback support. Alternatively, price may break 1st resistance and rise to the 2nd resistance where the 61.8% Fibonacci projection and swing high resistance is.
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ETHUSD Potential drop | 20th June 2022On the H4, with price moving below our ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 702 in line with the 78.6% Fibonacci projection level from our 1st resistance at 1282 in line with the horizontal pullback resistance is. Alternatively, price may not break structure and head for our 2nd resistance at 1739 where the pullback resistance and 23.6% Fibonacci retracement.
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ETHUSD Potential drop | 17th May 2022On the H4, with price moving below our ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 702 in line with the 78.6% Fibonacci projection level from our 1st resistance at 1282 in line with the horizontal pullback resistance is. Alternatively, price may not break structure and head for our 2nd resistance at 1739 where the pullback resistance and 23.6% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD H4 Potential bearish drop | 16th June 2022On the H4, with price moving below our ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 702 in line with the 78.6% Fibonacci projection level from our 1st resistance at 1282 in line with the horizontal pullback resistance is. Alternatively, price may not break structure and head for our 2nd resistance at 1739 where the pullback resistance and 23.6% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD H4 Potential Bounce | 14th June 2022On the H4, with price moving below our ichimoku cloud, we have a bearish bias that price will drop to our 2nd support at 702 in line with the 78.6% Fibonacci projection level from our 1st support at 1202 in line with the horizontal swing low support is. Alternatively, price may not break structure and head for our 1st resistance at 1739 where the pullback resistance and 23.6% Fibonacci retracement. Note that the bearish movement is only confirmed with price breaking the 1st support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
VTC VERTCOIN USD : VERTCOIN MULTI YEAR BULL FLAG TARGET $30VTC VERTCOIN I believe is in a very similar pattern as many other older ALTs that had their fame back in 2017/2018 bull run. With such a huge run up these ALTs need time to cool off like 4 to 5 years and thats what they have been doing. Now is the time when these ALTs come back for their next run and its going to be spectacular, especially to watch all the older projects who still have hard working teams like, VERTCOIN, NAVCOIN, PEERCOIN, EINSTEINIUM, CURE, MONETARY UNIT, and STEALTH just to name a few. There is a lot of them and they are all gems. I am doing charts on a lot of them that I am investing in here at their bottom because their next run up is coming right up. VERT can see $30 pretty easily in this next run. VERT is in a multi year bull flag or even a descending channel either way the move is measured and it puts VERT at $30. None of these projects I talk about ever stopped working. SOme may have had some issues but they picked back up and kept going. They have had all these years to perfect the project and make it exactly what they dreamed of while also proving they stand the test of time, and are secure etc. The new projects that came out within the last 2 years and had their crazy bull runs like like the ICOs of 2016 2017 will now have their time to cool off for the next few years which will make way for the projects that have a solid working product to come in and re showcase their masterpieces. This is not financial advice this is just my opinion and what I am doing. If you appreciate this content, please follow me for more and give me a like! Thank you.
ETHUSD H4 Potential Bounce | 3rd June 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1810 in line with the horizontal pullback resistance level from our 1st support of 1709 in line with the horizontal swing low support and 78.6% Fibonacci projection. Alternatively, price may break 1st support and head for 2nd support at 1622 in line with the fibonacci confluence area of 127.2% Fibonacci extension and 100% fibonacci projection.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD potential for a drop! | 31st May 2022On the H4, with price expected to bounce off the stochastics indicator resistance, we have a bearish bias that price will drop from our 1st resistance at 2162 in line with the 23.6% Fibonacci retracement and horizontal pullback resistance level to our 1st support of 1709 in line with the horizontal swing low support. Alternatively, price may break 1st resistance and head for 2nd resistance at 2436 in line with the 38.2% Fibonacci retracement and horizontal pullback resistance.
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ETHUSD H4 Potential Bounce | 27th May 2022On the H4, with price expected to bounce off the stochastics indicator support, we have a bullish bias that price will rise to our 1st resistance at 1885 in line with the 50% Fibonacci retracement and horizontal swing high resistance level from our 1st support of 1737 in line with the horizontal swing low support. Alternatively, price may break 1st support and head for 2nd support at 1694 in line with the 127.2% Fibonacci extension .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD H4 Potential Bounce | 27th May 2022On the H4, with price expected to bounce off the stochastics indicator support, we have a bullish bias that price will rise to our 1st resistance at 1885 in line with the 50% Fibonacci retracement and horizontal swing high resistance level from our 1st support of 1737 in line with the horizontal swing low support. Alternatively, price may break 1st support and head for 2nd support at 1694 in line with the 127.2% Fibonacci extension .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD H4 Potential Bounce | 27th May 2022On the H4, with price expected to bounce off the stochastics indicator support, we have a bullish bias that price will rise to our 1st resistance at 1885 in line with the 50% Fibonacci retracement and horizontal swing high resistance level from our 1st support of 1737 in line with the horizontal swing low support. Alternatively, price may break 1st support and head for 2nd support at 1694 in line with the 127.2% Fibonacci extension.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETH - To catch a falling knife.Ethereum - Intraday - We look to Buy at 1731 (stop at 1679)
We are trading at oversold extremes.
We look to buy dips.
1700 has been pivotal.
1711 has been pivotal.
1731 has been pivotal.
Support is located at 1700 and should stem dips to this area.
Our profit targets will be 1858 and 1898
Resistance: 1900 / 2000 / 2100
Support: 1800 / 1700 / 1500
ETHUSD potential for a drop! | 23rd May 2022On the H4, with price moving below the descending channel and approaching a resistance level , we have a bearish bias that price will drop from our 1st resistance at 2053 area where the horizontal overlap support, 61.8% Fibonacci retracement and 100% Fibonacci projection is to our 1st support at 1920 in line with the horizontal swing low support and 61.8% Fibonacci projection . Alternatively, price may break 1st resistance structure and head for 2nd resistance at 2096 where the horizontal swing high resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD potential for a drop! | 23rd May 2022On the H4, with price moving below the descending channel and approaching a resistance level, we have a bearish bias that price will drop from our 1st resistance at 2053 area where the horizontal overlap support, 61.8% Fibonacci retracement and 100% Fibonacci projection is to our 1st support at 1920 in line with the horizontal swing low support and 61.8% Fibonacci projection. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 2096 where the horizontal swing high resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Ethereum double bottom / accumulation? As ETH came down to my previous charted 1600-1800 range, spurred on by the drop in performance of the S+P And the luna crash, I believe we may now be entering the last phase of accumulation to form the double bottom. Expecting an upswing end of May early June with a rally to 3500+, should find new support around there. Bullish on 5k+ eth by the EOY. Let me know your thoughts.