ETH-BTC Wedge Breakdown Eventuality Using more indicators
We can see similar MACD formations between these two price points (purple ovals)
Also similar price formations, with a common bounce of a MA line between the two
Evidence suggests that this wedge that has formed bullishly will break down, bearishly
A head and shoulders can also be identified on the RSI weekly chart
^ above idea suggests continuation, scrap that, bearish action is favored
This is the wedge above that price is currently within
Ethereumusd
Layered Circles, ETHUSDUsing circles plotting the downtrend and uptrend
Some correlations can be seen between the two
Areas of support in green, red are resistance areas
Yellow is where a resistance area within one circle turned to a support within another
Ethereum is preparing itself for a large breakout relative to BTC
The NFT (non-fungible token) craze is propelling ETH to a greater potential
Love these Fib circles, Hope you enjoy.
Bix
ETH IS ABOUT TO MELT FACESWe have heard a lot of talk about ETH Gas Fees, DOT is taking over, ADA, SOL . . . BLA BLA BLA. Let the Alt king show that patience pays off. I would expect this bad boy to melt faces soon just like BTC did earlier in the year. The longer the consolidation the louder the bang. . . . Needles to say I am continuing to accumulate at these levels and look forward to seeing my net worth grow.
#ETHUSDT #1H #ethereumHi guys..its the latest analyze chart of #ETHUSDT in 1H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Plain and simple ETH analysis TODAYAsian Market has been a little rough during the night. BINANCE:ETHUSDT
Things might not look good for ethereum regarding fundamentals, as CZ is trashing it and "fud"ing ETH on a daily basis.
Though, guys, ETH is not going anywhere, it might perform a little weaker than expected, but there is still a lot of room to grow.
Thing is , we are still in for boring sideway action between the 1300 / 1540 range
Support held well, it's just everybody is in doubt and fearfull.
Right now, you all need to chill, this is nothing but a little needle prick.
3 Bullish divergence are building up on the RSI also, (common to bitcoin chart) and this might indicate a much stronger bounce than expected
But as a day trader, this is the right occasion to remember to always take profits, and stay out of the market once it's done.
You want to remain a calm observer, with 0 emotions.
And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.
I would recommend to use 0 to 1/4 of your position on leverage, not more, right now.
See you all tomorrow, and don't forget to smash that like button !
Plotting an Endgame Scenario, What to Look forThese are the three main aspects when assigning long term value to your portfolio (imo)
A constantly adapting space where it is difficult for the majority to even keep up with it
this adaptation resulting in innovation
And of course longevity, the longer a coin has been around I believe secures its place within the crypto space firmly (time heals wounds)
I am plotting a endgame course due to the saturation of the current crypto market, with new coins being introduced everyday, it has the possibility to end negatively for those that lack these qualities.
Let us proceed however, and see what happens, together.
Bix
Ethereum Similar DojisSimilar gravestone Dojis can be seen before a run up to the ATH
This ATH will be reached around ~9000
A 630% increase from the bottom of the current wick
Comparison points are in (a)
Gravestone's are a bearish pattern but in this case it may be acting as a bear trap, leading to further accumulation before the huge spike in price
ETH eyes massive recovery to $1,800 if this key pattern
Ethereum rejection at $1,700 leads to losses under $1,500.
A double-bottom pattern brings hints at a potential recovery toward $1,800.
If support at $1,400 fails to hold, Ether could drop to $1,200.
Ethereum could not continue with the upswing following the breakdown to $1,400 due to the selling pressure at $1,700. The bulls abandoned the mission to hit $2,000 again, instead, retreating to the sidelines. The correction from $1,700 has been unstoppable to the extent of revisiting areas below $1,500. However, a possible technical pattern suggests that recovery is on the cards.
At the time of writing, Ethereum is doddering at $1,490 after losing the support at $1,500. The 4-hour chart highlights the possibility of a double-bottom pattern forming in the near-term. This is a bullish reversal pattern suggesting that the downtrend is weakening, and bulls are getting ready to control the price.
If the pattern confirms, Ethereum will start the recovery journey afresh. This time bulls must focus on breaking the critical hurdle at $1,640, as highlighted by the 200 Simple Moving Average on the 4-hour hour chart. Further up, a confluence formed by the 50 SMA and the 100 SMA will delay the recovery, but once broken, Ether may rally to $2,000.
The Relative Strength Index (RSI) on the 4-hour chart highlights a bullish picture after making a shallow bounce above the oversold region. A movement toward the average line will indicate a growing bullish grip, adding credence to the uptrend.
It is worth noting that if the double-bottom pattern fails to confirm, Ethereum is likely to continue with the downtrend toward $1,200. Here, a higher concentration of buyers will boost it upwards. More investors are likely to enter the market because of the lower price.
Ethereum intraday levels
Spot rate: $1,493
Relative change: 10
Percentage change: 0.6%
Trend: Bearish
Volatility: Growing
Ethereum Bear Vs Bull - CircleWithin the bear circle trend we can see areas of resistance (in red)
What really draws my attention though is the bull trend, where price is sitting currently above 2.618! this area will act as support for price.
This is ridiculously bullish for Ethereum.
I can't believe I am just seeing this now..
BUY BUY BUY
Attaching some of my other ETH analyses
Bix
ETHEREUM - Still SHORT (and BCH as well) 🔪Correction is on and the secret to success is to always BUY THE STRONGEST and SELL THE WEAKEST.
In my understanding and my chart, ETHEREUM and BCH are the weakest links thus i keep shorting these too.
If you disagree no need to post your dark thoughts on my idea- this is just my humble opinion and I am not a financial advisor nor an expert nor anything else, just a guy who posts what he sees.
And I see Falling knives when i look at this chart and BCH chart 🔪🔪
One Love,
the FXPROFESSOR
Ethereum Price at Trend line SupportEthereum price at trend line support need clear breakout or the break down here.
For bullish move Ethereum price must close above the 2000 $. bitcoin price also has to made good close above the 55000 $ and must hold this zone for next big move. bitcoin price today made good dump at the 54000 $ zone and here another buying also done so from here bitcoin price can settled above the 55000 than we can see really good move in ethereum price too.
daily close below the trend line support will send price of the ethereum lower
ETHUSDT: Break 1,840 and we're off to 2,000...We may be at the beginning of the bull leg that takes us to 2,000. Just needs to break that 1,840.
Watch how the market reacts to that price intra-day. Should give you clues on what it wants to do next (e.g. Breakout or pullback).
Measured moves from preceding price action gives us near-term target of a little above 2,000. Good way to start the next leg of our journey to 10k? 20k? 25k? :)
Is ETH still coupled to BTC? Maybe not..Over time ETH has exhibited its own unique price movement
Compared to BLX where price continually moves down when transitioning from one fib ring to another, can be viewed on my chart below
In my view this decoupling was sparked by a small parabolic move that occurred last year
Price is currently sitting right at the exit of one fib ring and entering another (red square)
This could end up very bullish if it acts as a bullflag, which it likely will, based on the structure on a lower timeframe.
The Ethereum ecosystem is adapting so fast, its difficult to keep up, price should reflect this.
ETH rocks towards the gigantic $2,000 milestone
Ethereum holds above $1,900 while bulls keep their eyes on $2,000.
The least resistance path is upwards, as reinforced by the MACD on the 4-hour chart.
Ethereum’s uptrend to $2,000 will be invalidated if losses extend under $1,900.
Ethereum is gradually nurturing an uptrend towards $2,000 despite the frequent rejections from new all-time highs. At the time of writing, ETH is teetering at $1,910 after losing steam at $1,954. The ongoing correction risks dropping into the $1,800 range; thus, there is a need for higher support.
The 4-hour chart confirms that the pioneer altcoin still has a bullish impulse and is likely to resume the uptrend toward $2,000. Meanwhile, the Moving Average Convergence Divergence (MACD) adds credibility to the uptrend.
It is essential to note that the MACD is a momentum oscillator applied in trading trends but rarely used to identify overbought and oversold conditions. The indicator presents itself on a chart with a couple of trendlines oscillating with no boundaries. Note that the crossover of these two lines is a trading signal resembling that of the average moving system.
It is essential to keep in mind that crossing above the midline (zero line) is regarded as bullish while crossing below the same line is bearish. Moreover, when the MACD line (blue) crosses above the signal line, it is bullish. On the other hand, the trend tends to flip bearish when the MACD line crosses under the signal line.
Therefore, the Ethereum uptrend is still intact and could get aggressive as soon as buyers flip the $2,000 level to support. For now, holding above $1,900 is key to the continuity of the bullish outlook.
It is worth keeping in mind that Ethereum will abandon the upswing to $2,000 if losses extend below $1,900. The 50 Simple Moving Average is in line to halt declines from developing under $1,800.
Ethereum intraday levels
Spot rate: $1,910
Relative change: -30
Percentage change: -1.5
Trend: Short bearish bias
Volatility: Low
ETHEREUM - Can it break the 2,000$ To cut a long story short: Probably not.
Unlike Bitcoin that may rise (potentially) exponentially, Ethereum has SERIOUS competitors..
Technology is shared, especially in the blockchain sphere, new players enter dynamically with big budgets, new ideas and more inovation.
Given that Cardano and Polkadot/Kusama (amongst many others) are not just catching up but also add value and innovation building on some of Ethereum's problems in a beautiful way.
There is no guarantee that Ethereum will be the 'Number 2'.
There are no guarantees that the new version 2.0 will be a good, successful one.
Thus I am already out of Ethereum for now and probably looking for a short, now at the 2,000 celing.... or will it be breached and fly higher?
I don't know, we need to take it one step at a time