ETH/USD - Altcoin season or Fakeout? $3,000 is Key! 🙄ETH has touched, yet again, the $3,000 resistance. If we look at the indicators, particularly MACD, it would appear, at least on the 3-day timeframe, that this chart may turn bullish.
MACD did a bullish cross when price was on the support line and since then we pumped nicely to the key resistance at $3k.
RSI is moving higher, as does the OBV... However.
Volume continues to decline and this half-assed pump does not bring enough confidence. ETH has to explode above $3k on massive volume, turn this level into support and then run.
Any other scenario is likely bearish.
Hence, I have reservation and as the price action stands now, ETH is still in a range between $2,500 and $3,000.
Don't get excited until we break above.
Bias remains neutral for now.
We could consolidate longer in this range as well, which would be bullish the longer we do it I would say.
I would be careful though. Bear markets can last 1-2 years, not 3 months! A fake pump and then a significant dump is also possible.
Check MACD on monthly, ETH is about to do a bearish cross! BTC already did it... That is not good.
Alas, we will find out.
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Ethreum
ETH, what to expect from the BIGGEST altcoin?Ethereum (ETH) has broken the long-term trend line and price is trying to change from a downtrend to an uptrend.
A good indicator of a bullish trend is a test of the trend line as support. This indicates the buyer's presence. We can also see that the price has reacted to a large value zone and bounced from it.
We are waiting for further growth of Ethereum and reaction of other altcoins.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
ENJUSDT_Daily_ 2.9.22Hello dear friends, I hope you are well
We have ENJ currency analysis in daily timeframe
The photo shows everything. If you have a question, you can ask. I will answer
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Resistant:2.07_2.25
Suport:1.20_1.43
👤Mohamadhjz : @Mohamadhjz
📅 09.Feb.22
⚠️(DYOR)
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XRPUSDT_Daily_2.8.22Hello dear friends, I hope you are well
We have Ripple currency analysis in daily time frame..
I'm here for Ripple to consider three scenarios that you can see in the picture.
Definitely the picture says it all...
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👤Mohamadhjz : @Mohamadhjz
📅 08.Feb.22
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BTC_Daily_2.8.22
Hello dear friends, I hope you are well
This is a delivery of bitcoins in daily timeframes
The picture shows everything. If you have any questions, be sure to comment on the analysis. Your answer will definitely be given.
👤Mohamadhjz : @Mohamadhjz
📅 08.Feb.22
⚠️(DYOR)
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ETHEREUM IN COMPLEX CORRECTION ? Following is ETHEREUM analysis
1) The major five-wave Elliott wave coming from 2017 ended MAy 2021
2) Wave 2 corrected W1 by almost 85-90%
3) W3 started and had a good 161% fib extension of W1 to 2599
4) W4 is simple correction and retraced only 23% as W2 had a deep correction
5) W5 ended at 4367
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A-B-C corection
In a complex A-B-C correction
W(A) is a 3 wave
W(B) is a 3 wave structure and usually ends above W5
Wave(C) is a 5 wave and drastically drops to the start of W(B)
I hope to be wrong but lets see what happens in the next few days
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(Or)
Maybe Wave 3 can be where w(5) ended and we are in a W(4) correction phase and once thats completed we go on W(5)
Love your feedback - happy trading
ETH in channel and inside of falling wedgeEthereum is moving inside of falling wedge and between range of $3550 and $3960 on daily chart. ETHBTC pair is moving slightly bullish and needs to remain bullish in order to for ETH to breakout above the wedge pattern. The move should be impulsive but also Bitcoin needs to stay in range or bullish at the same time.
Read my post about Ethereum and Bitcoin movement. ETH is stronger than BTC and it is outperforming big brother.
On the LTF the chart is having some volatility, but moving bullish in channel. We need to wait for breakout to take long position. Above $3,960 Ethereum will gain speed and move bullish.
ETH/USD: Starting a new channel! Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the ETH/USD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market left the previous channel and it seems it’s starting moving inside a new ascending channel.
The chart is clearly showing the main trading activity on the higher value of the channel, typical during an uptrend, so there are good probabilities to see a trend continuation to the upside.
When, where and why would I step into the market?
Before entering with a long position on this trade, I would patiently wait the price going back to the lower value of the channel, getting a confirmation as a rejection on the dynamic trendline.
A strong rejection, would be a clue of good demand on that level, and I will be looking then for a good entry point with a RRR of 1:2 or greater.
My SL would be just below the potential low on the bottom of the channel and I will manually deal with my TP with a target just around the higher line of the channel.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
4000 seems supported.ETH , 4000 level seems supported.
bull candle that erase all previous day losses, seems like strong bull are making a come back.
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your Own Due Diligence
_Please be informed that our analysis is based on historical DATA to predict/forecast upcoming movement, our bias may change due to market conditions. _
ETHETH trying to hold the $4000 area. A candle close below $4000 will start heavy sell-off. The local resistance is $4200 and ETH need to claim it as soon as possible. ETH still holding support on daily and weekly chart. Weekly candle should close above $4000 to remain bullish otherwise we see $3500-$3600 test.
₿ SHIBUSDT 1D ₿ : 26.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 26.Oct.2021
⚠️(DYOR)
Axie Infinity etherum Axie Infinity is leading the way for play-to-earn games thanks to its growing popularity that has seen a million gamers come onboard to play the game daily. The astronomical success that Axie Infinity enjoys is mostly driven by the fact that players can earn real money while playing.Axie Infinity is an Ethereum-based game with a player vs environment (PvE) mode as well as a player vs player (PvP) mode. In PvE mode, the player competes against a built-in environment or monsters in the game. A PvP mode is one where the player gets to compete with other players in a metaverse-type scenario.Players have to acquire “Axies” that come in the form of monsters designed for battle with hordes of other small round monsters.
Bitcoin TA - Bull RunIn my previous Analysis in ETH I stated that Bitcoin needs to break the 42,000 level and hold, in order to see some gains in Btc and Alt space.
We saw just that. BTC broke 42,000 saw a re-test supported by the Moving Averaged seen on the graph. Shortly after it has risen to 46,000 at the time of this post.
We also saw good runs in Altcoins such as ETH ADA LTC VET just to mention a few.
Bitcoin has much resistance ahead of it. but we did break the major one and it held. See my orange / red lines for a guide.
I would like to say that for those who thought the bull run was over, this is not the case " WE ARE STILL IN THE BULL RUN' However we had a good pullback. It was due to, a lot of manipulation was done to bring crypto space down. Don't get fooled by the media as it is not your friend, Media wants you to fail.
I will update and give explanation for each TA I do.
Smogster...