ETH-D
ETHUSD BULLISH IDEAETH managed to trade above the resistance and had recently broken our falling resistance, the next target for buy buyers will be 1258 as it's the closest resistance.
Note:
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I post and share for educational purposes hence no idea we publish should be considered an investment advice.
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ETHUSD Bearish forecastDespite the Dollar's weakness I am using supply demand scenario and Head and Shoulder from the close box was printed too hence i expect ETH to trade down to next support.
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction.
You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
Ethereum ETH Fibonacci Weekly Ethereum ETH Fibonacci Weekly, which includes Ethereum's short-term, medium-term, long-term, top and bottom prices, support and resistance levels, breakout and breakout levels, rebound and retracement levels, bullish prices, Bear market price, as long as you know how to use it, this picture is your money printing machine. The cryptocurrency market news is flying all over the sky. It’s better to stand firm with a few lines and listen to a lot of others. It’s better for you to understand this picture of Satoshi Nakamoto .
Ethereum Classic---Short idea---$ETCETC acts as a mimic for anything related to Barry
now that there is a fear of further contagion re: Genesis, it being attached directly to Barry might fetch us this move fundamentally.
Also, technically it looks cooked just like other crypto.
I'm not in yet, but will soon be!
Good Luck!
ETH LTF Play for (Shorts)HTF Trend is Bearish . Therefore, I am only looking for shorting options. There is Liquidity just above the Key-Level (Purple Zone) and a possible Order Block on HTF. That will be my POI (Point of Interest).
If the price reacts and rejects from that level, i will open shorts around $1330. Let's see.
Ethereum ETH Sloping FanEthereum's sloping fan, which has green, blue and red, three fan-shaped ultra-wide-angle rays, can be used as support or resistance, can also be used as top and bottom, when the price is accurate, ether The square will touch one of the lines, and use this chart to trade accurately without drawing a line.
ETH may enter uptrend ETH is at an inflexion point. If it crosses 2048, we are going to get a good uptrend. Currently we are in a neutral phase. 1120-1317 zone will act as a strong support, so its safe to remain invested for non risk takers till the price is above this zone. On the positive news front, we can see that Vitalik Buterin releases an updated Ethereum roadmap with a new phase "The Scourge" and focuses on censorship-resistant and quantum proofs.
ETH cup and handle pattern - EthereumAfter descending wedge or descending channel the the breakout and restested the channel line and forming cup and handle formation where we can see of cup has complete and assuming to form a small flag pattern as its handle breakout of the neckline that is 1340 we can seek target upto 1420
PRICE ACTION ANALYSIS IN NIFTYDATE:03/10/2022
In a daily time frame price has formed a inside candle.
If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels)
So until it crosses that low its better not to carry any short positions in nifty.
Observe the price action structure here
1)There is a recent lower high formation (17050 levels)
2)There is a recent Low (16750 levels)
For the market to turn bullish it has to break 17050 level and form a higher high. This will be thr first sign
Then find the golden zone with the help of Fibonacci tool and wait for entry (This will be safe with small SL).
or One can go long by observing PA in the first 15-30 mins with confirmation of bullish candles. plan the SL accordingly
*** If Price breaks 16750 better to exit all long positions.
I hope this analysis will help you.
If you agree with my analysis you can comment on this post by yes or give a boost
Thank you. And happy trading.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
MONTHLY STRADDLE IN NIFTY FOR OCTOBER Hi there,
Nifty Closing today 29/09/2022 : 16818 spot
Since last 3 weeks if we observe Nifty movement there is lot of selling pressure.
From the recent high of 18096 levels Nifty has declined almost 7.5%.
In the chart if you observe I have drawn a primary wave .It looks like we are in the wave 2 of that Elliott wave.
wave 2 will be mostly 3-3-3 or 5-3-5 corrective wave.
In this WXY corrective wave W is 0.318 Fib retracement of wave 1.So there is higher probability that we will find some support in this area.
X point is 0.618 Fib retracement of wave W
Considering the recent aggressive selling those who missed the bus will short the market again or take fresh positions when the retracement wave happens.
SO WHY MONTHLY STRADDLE?
There will be 4 weekly candles in the October series.
So even this weeks candle engulfs the latest red candle by oct 6 expiry or after that expiry market will be facing resistance at X area.
If people start shorting the market fresh then high chance that market will go to Y area to complete the correction wave .
In this process mostly after 3 weeks we can see the market in these levels again with most of the price decay.
What if Nifty breaks W area this week without taking support there ?
Then the retracement is inevitable in coming weeks and 2 or 3rd week again nifty will be in the anticipated area.
Straddle breakeven should be above X and near Y
16750 STRADDLE will do the work.
By calculating the percentage return one can safely exit the straddle there.
Nifty monthly straddle has almost 30% ROI.
Even 10% in 15 days is a better deal.
Avoid If you don't know about straddle management
I hope this analysis will help you.
If you agree with my analysis you can comment on this post by yes or give a boost
Thank you. And happy trading.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.