ETHUSD Potential for Bearish Continuation | 15th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. Furthermore, the price has crossed below the Ichimoku cloud, indicating a bearish market. With price having reached our pullback sell entry at 1348.97, we are looking to exit at 1064.49, which is the previous swing low and -27.2% Fibonacci expansion line. The stop loss will be at 1502.68, which is the 50% Fibonacci line.
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ETH-USD
ETHUSD Potential for Bearish Continuation | 14th November 2022The overall bias for ETHUSD on the H4 chart is bearish . In addition, price is crossing below the Ichimoku cloud , indicating a bearish market. With price tapping into our pullback sell entry at 1348.97, we are looking to take profit at 1064.49, where the previous swing low and -27.2% Fibonacci expansion line lies. Stop loss will be at 1502.68, where the 50% Fibonacci line is located.
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InvestMate|2 potential scenarios for ETH/USD to play out💸2 potential scenarios for ETH/USD to play out
💸I made a couple of measurements.
💸1. Measuring the fibo from the peak before the start of the decline to the bottom.
💸2. Measuring the fibo from the bottom to the local peak.
💸3. Fibo measurement from local peak to local bottom.
💸4. one to one correction (overbalance).
💸5. Trend channel from peak before falls to bottom.
💸There are 2 scenarios.
💸1. We will start the uptrend which will eventually end at the levels of the 1.618 cluster and the one to one correction.
💸2. we will fall to the vicinity of the 0.618 wave level from the bottom to the local peak. After which we will make a rise to the one to one correction
💸This is a purely technical view providing an outlook for the next hours.
💸For a broader perspective I refer you to the previous 2 posts
💸1. A broad look at the crypto and Bitcoin market:
💸2. A technical look at the next few months on eth:
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
ETHUSD Potential for Bearish Continuation | 11th November 2022The overall bias for ETHUSD on the H4 chart is bearish. In addition, price is crossing below the Ichimoku cloud, indicating a bearish market. Looking for a pulback sell entry at 1385.07, where the Fibonacci lines of 23.6% and 61.8% are located. I've set a relatively safe stop loss at 1677.31, which is the previous high. The take profit level is set at 1064.49, which is the intersection of the -27.2% Fibonacci expansion and 127.2% Fibonacci extension lines.
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ETHUSD Potential for Bearish Continuation | 10th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1385.07, where the 23.6% and 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1677.31, where the previous high is located. Take profit is set at 1064.49, where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension lines is located.
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ETHUSD Potential for Bearish Continuation | 9thNovember 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1491.27, where the 38.2% and 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1586.25, slightly above where the 23.6% and 61.8% Fibonacci lines are located. Take profit is set at 1220.00, where the previous low and 100% Fibonacci lines are located.
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ETHUSD Potential for Bearish Momentum | 8th November 2022On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1571.98, where 2 of the 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1698.11, slightly above where the 100% Fibonacci line and previous high are located. Take profit is set at 1375.58, where the 23.6% and 61.8% Fibonacci lines are located.
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ETHUSD Potential for Bearish Momentum | 7th November 2022On the H4 chart, the overall bias for ETHUSD is bearish. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a sell stop entry at 1561.62, where 2 of the 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1684.16, slightly above where the 78.6% and 38.2% Fibonacci lines are located. Take profit is set at 1411.43, where the 38.2% and 100% Fibonacci lines are located.
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ETHUSD Potential for Bullish Continuation| 4th November 2022On the H4 chart, the overall bias for ETHUSD is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. With price tapping into our buy entry at 1561.62, where the 2 of the 61.8% Fibonacci lines are located. We are looking to take profit at 1792.55, where the previous high and 100% Fibonacci line is located. Our stop loss is relatively safe being set at 1411.43, which is slightly below where the 38.2% and 100% Fibonacci lines are located.
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ETHUSD Potential for Bearish Momentum | 3rd November 2022On the H4 chart, the overall bias for ETHUSD is bearish. Looking for a pullback sell entry at 1561.62 where 2 of the 61.8% Fibonacci lines are located.
We have a relativly safe stop loss set at 1672.14 which is slightly above where the previous high was located. Looking to take profit at
1411.43 where te 38.2% and 100% fibonacci lines are located.
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ETHUSD Potential for Bullish Continuation | 2nd November 2022The overall bias for ETHUSD on the H4 chart is bullish. With the price touching our buy entry at 1561.62, where two 61.8% Fibonacci lines are located. We intend to take profit at 1792.55, which is the intersection of the 100% Fibonacci line and the previous high. We have a fairly safe stop loss set at 1404.10, which is slightly below the 100% and 38.2% Fibonacci lines.
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ETHUSD Potential for Bullish Momentum | 1st November 2022On the H4 chart, the overall bias for ETHUSD is bullish . With price tapping onto our buy entry at 1561.62, where 2 of the 61.8% Fibonacci lines are located. We are looking to take profit at 1792.55 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 1404.10 where it is slightly below where the 100% and 38.2% Fibonacci lines are located.
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ETHUSD Potential for Bullish Momentum | 31st October 2022On the H4 chart, the overall bias for BTCUSD is bullish . With price tapping onto our buy entry at 1561.62, where 2 of the 61.8% Fibonacci lines are located. We are looking to take profit at 1792.55 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 1404.10 where it is slightly below where the 100% and 38.2% Fibonacci lines are located.
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ETHUSDThe main reason im bullish at this moment is due to there being potential bullish rsi divegence between the rsi having a double bottom with there being a lower low in recent price action. I believe that we have just finished a "abc" wave pattern and may be ready for a retes of the "b" wave anywhere between 61 -100 percent. Which would create a double top. I this happens, I would expect the current wave to form into a 2 wave with price going lower in the future. If price goes below 1570, we have a sell stop set there as this could form into the "c" of a downwards "abc" wave which would then be considered the end of an head and shoulders. Either way, we are in a corrective state here considering the stage of price action we are in. Let's see what happens.
ETHUSD Potential for Bearish Momentum | 28th October 2022On the H4 chart, the overall bias for ETHUSDis bearish . With price tapping onto our sell entry at 1488.77, where the 50% Fibonacci lines is located. We are looking to take profit at 1220.00 where the 0% Fibonacci line and previous low is located. We have a pretty safe stop loss set at 1675.79 where it is slightly above where the 78.6% and 38.2% Fibonacci lines are located.
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ETHUSD Potential for Bearish Momentum | 27th October 2022On the h4 chart, I am looking for a sell entry at 1651.44 where the 78.6% and 38.2% Fibonacci lines are located. Stop loss will be set at 1806.33, slightly above where the previous swing high and 100% Fibonacci line is located. Take profit will be at 1405.86 where the 100% Fibonacci line is located.
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When you wish upon a 2017 starso $1622 could be the next stop but we most likely see bears take over for a bit at this quick of a increase in price
$1475 was ETH ((ATH) All Time High)) a very important level to be breaking through.
take a look at the 24th-26th of May 2021 where we have $1000 increase on $1800 we could be seeing something similar in a pattern that may continue to push upwards to $1689 where the thick black trendline pushes downward for a 3rd touch, before the retrace happens.
keep in mind it could be another bull flag but
i doubt well see the full bull run come within the next months; anything is possible.
typically when we have this big of a leg up expect a retrace to level out the market.
$978 would be a nice support for a low-low but we see strong support on the black line coming up around $1240
scalps are a great way to make some profit, and its better then holding onto those long positions that you can always buy back into.
everything comes with a grain of salt so do you own TA
just TA not FA.... and have fun with it.
ETHUSD Potential for Bullish Momentum | 26th October 2022The current overall bias for ETHUSD is bullish , according to the H4 chart. The price has closed above the Ichimoku cloud , which indicates that the market is bullish. Looking for a pullback buy entry at 1405.86 where previous swing low and 100% Fibonacci line is, with a stop loss at 1220.00, where the previous low and 0% Fibonacci lines are. The take profit level will be 1651.44, which is near where the 38.2% and 78.6% Fibonacci lines are located.
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ETHUSD UpdatePrice is trading sideways. RSI is at 50 level as we are losing momentum on the Mac D. We recently made a new high since our last crossover on the Mac D. However, since price is trading sideways with not a lot of bull volume, this may be indication that price could either be exhausting on this hill or it could be ready to retest the previous low mac d at some point. Will update once I see something cooking for a newer move. Still waiting for the move to happen.
ETHUSD Potential for Bullish Momentum | 25th October 2022The current overall bias for ETHUSD is bearish , according to the H4 chart. However, the price has closed above the Ichimoku cloud , which indicates that price might turn short term bullish . Looking for a buy entry at 1344. 40 where the double bottom has formed form via a break out, with a stop loss at 1190.00, where the previous low and 100% Fibonacci lines are. The take profit level will be 1489.89, which is near where the 50% and 78.6% Fibonacci lines are located.
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Support or ShortThe market has been moving sideways with strong support around $1280 and $1240, but i have a feeling those buyers will be selling off with their profits while the FED like to slaughter all bulls anyways.
I believe the market will continue downward momentum with no strong volume. Next stop could be $1200 for a small correction followed but a bigger red candle down into $1087 before more support.
if it manages to push upward past $1320 consider a scalp at $1340
but a stronger push would lead to $1400 before stronger resistance.
Just TA not FA
support around $1280 and $1240
Next stop could be $1200 for a small correction upward
bigger red candle down into $1087
overall short