$ETH/USD Fall Alert?? Most recent alert point.ETH is weak. Today I will explain the latest market price using 4 hour chart.
ETH, which seemed likely to rise as it broke through the parallel channel of the decline on September 27 and formed a double bottom, Contrary to market expectations, weak development continues.
Currently, it is in a state of resistance to short-term, medium-term, and long-term MA, and the development is even heavier.
The highlight of ETH is the pink uptrend line. This line has not been broken since the corona shock, and attention is focused on whether it can be protected.
Given the latest weakness, it broke below and plunged to the $ 240 line. Is it a situation that must be considered?
Keep an eye on this week's price movements, including Bitcoin. I want to manage risk firmly.
ETH-USD
$ETH/USD Expects an uptrend from here!Today, I will explain on a daily basis of ETH.
Since the beginning of August, ETH has been repeatedly supporting and resisting on the $ 376 line, and it has been on a downtrend while forming a parallel channel of decline in the short term without giving a sense of medium-term direction. However, the price movement from last week has surpassed this parallel channel, and I feel the strength of the latest momentum.
In the market that gradually raises the low price while raising it, it is difficult for shorts to get out, the consciousness line such as the resistance line does not work, and the trend often continues, but if it continues as it is, today, tomorrow will challenge the $ 376 break.
From there, the game of ETH.
Even if it breaks through $ 376, the strong consciousness line will continue at $ 407 and $ 440, but it is thought that the bottom price has solidified due to the double bottom and the downtrend line, and the future rise may be stronger than before.
How far can we rise toward the end of 2020?
With Ethereum 2.0 ahead, future price increases are expected.
Ethereum Price Predictions 2023 – 2025Ethereum is trading within a long-term bullish pitchfork channel, where each peak and trough lines up with each segment of the pitchfork tool. This can be used for long-term price projections in assets that don’t have much price history, however, there is certainly some guesswork involved. Theoretically, based on past cycles and the pitchfork channel, a new all-time high could reach as high as $50,000 in 2025 and even more beyond.
Based on Fibonacci extensions alone, additional short-, medium-, and long-term price targets can be found. Using math alone, Fib ratios point to prices of $5700, $5100, $3700, $2200, and $1700 for possible new price records.
Year Potential High Potential Low
2020 $1,155 $50
2021 $4,000 $425
2022 $9,000 $1,440
2023 – 2025 $50,000 $3,500
ETH/USD Divergence Spread Trade With BTC/USD!Hello Fellow Trader!
These types of trades have two scenarios.
1. Is BTC/USD over price and going to find the median with ETH
2. Is ETH/USD undervalued and going to appreciate with BTC
With the way the current structure is forming, the view is ETH is undervalued in this case and upside is higher probable.
Key Points:
- Caution - Price holding below the 200 EMA
- Caution - Price holding below the 50 EMA
- Would be great to see price reclaim 200 EMA, but the reward to risk ratio will be compromised.
- 50% Fibonacci support level at 359 support
- Divergence in the RSI at lower lows on price
Key Levels:
Support – 359, 350
Resistance – 50 EMA, 200 EMA, 390, 415
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 359
Supporting Entry – 365
Candle Reversals for entry
- Bullish Hammer
- Bullish Engulfing
- Bullish Piercing
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below 350 level– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry 359 – Target 1 390= 3x Reward to Risk
Optimal Entry 359 – Target 2 415= 5x Reward to Risk
Supporting Entry 365– Target 1 390= 1.3x Reward to Risk
Supporting Entry 365– Target 2 415= 2.7x Reward to Risk
ETHUSD - Looking for a Corrective RetracementTF: 8 Hr
Possible H and S formation on the 8 hr TF. This has formed after a strong rally, and price may due for a corrective pullback. I think a retracement to the .318 looks like it may be a good area to look for longs.
This retraement area offers a few bullish confluences:
1. Area aligns with with a former broke resistance zone;
2. The 0.382 corrective retracement area is also located here
3.Aligns with a new bullish trend line
Dollar weakness looks like it may continue for the longer-term which will drive cryptos upwards. The DXY (dollar index) looks very oversold and may need to correct a bit more up which would allow ETHUSD to retrace.
$ETH/USD Expects a breakthrough from the triangle pattern!ETH dropped sharply earlier this week, but has been steadily pushing up prices since then.
Currently, the low price is being rounded up with a double bottom, and it is no exaggeration to say that the high price is the most conscious of the latest market price, and it is resistance to the $ 376 line. This pattern is called the ascending triangle and is a chart pattern that suggests the possibility of returning to the uptrend.
At present, the downside round-up line (uptrend line), the short-term moving average (20MA), and the horizontal line around $ 350 overlap, and it is highly possible that it will function as a support line.
With the addition of new longs, it will gain momentum and it is likely that it will soon challenge $ 376.
On the other hand, the concern is that if it rebounds at the $ 376 line from a medium-term perspective, the shorts will become more and more resistant for roll reversal.
The line is expected to be conscious of many market traders, so it could plummet. The bottom point is the $ 320 line, and if you break through it, you can't predict how much it will go down.
While it is expected to rise, it is also a very dangerous market. I want to take on the challenge after managing risks properly.
etherium with good profit!The Etherium is best and powerful cryptocurrency and if you want to investment your money then you must to know future in hand of Etherium.
Because thousand and thousand projects creating by Etherium. Then you must to keep some Etherium inside of you pocket.
The Etherium made double BTM and the tp can be 1373$ based on price action.
Good luck
Ether finished correcting! ETHUSDWXY correction finished with Eth, and it looks like a start of a new cycle. Am I going to put in goal? No, you can't time the market. Do I think it's Bullish - hell yes! Elliott is almost never wrong, because it is the only tool based on the fractal nature of markets.