Ethereum (Cryptocurrency)
Ethereum/USD Uptrend movement potential with RISK:REWARD 2.46Ethereum/USD Uptrend movement potential with RISK:REWARD 2.46
Symbol Ethereum/US dollar
Time frame :4 hours
Analysis :There is a break out from the symmetrical Triangle and the price is rallying on the up side .So, We will check the condition for Uptrend movement .Moving average ,MACD and PIVOT point condition is checked for uptrend movement. BUy call above 2025 which stop loss 1856 and we can expect a target of 2433.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Ethereum in a decisive moment
Ethereum at a turning point, making a double top which is a reversal pattern.
In a range from 881.50 to 2150.
The first resistance point at the psychological value of 2000 and the second at 2150.
I find it difficult to pass 2000 but if it passes, it will hit 2150 to make a stronger correction.
Down we have first target 1680, second 1450, third 1075 and fourth 881 bottom
#Ethereum/USD downtrend movement potential with risk:reward 1.9#Ethereum/USD downtrend movement potential with risk:reward 1.9
Symbol :Ethereum / US dollar
Time frame :30 minutes
Analysis : Breakout from the support line and rallying on a down side.
Moving average 20 is below Moving average 40 and Macd is below zero.So, we can expect a down trend movement with risk:reward =1.9
Its a SELL call . SELL at 1825 with Stop-loss 1880 and the Target 1718 .
HOPE our analysis is adding value to your trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
ETHUSDT Trade IdeaETHUSDT UPDATE :
ETHUSDT currently trading now $1815. BTCUSDT local 1day support at $1722-$1783 . And resistance at $1851-$1916.
Now ETHUSDT phases resistance at $1851-$1916. If its breakout then we can see $1900-$2000 area. Otherwise ETHUSDT will be Dump.
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Breakout or Breakdown in Ethereum on 30m and 4H TF Hello Traders,
I am tracking the ethereum on 30m and 4h time frame.
On 30m chart
- Bollinger Band Squeezed
- ema(20,50,100,200) lies in between the Bollinger Bands
- RSI Neutral
- MACD Neutral
From these levels we can get a good trade on either side.
Wait for the breakout or breakdown and enter the trade in that direction, a good small trade can be executed.
On 4H chart
- Bollinger band expands
- Price is at the middle line
- sma(20) coincides with the support/resistance level
- Intraday move decides the direction for swing trade.
Happy trading and keep learning.
Thanks
Er. Simranjit S Virdi
ETH extended 5th wave ?I am counting the waves of eth as showing in chart .
Current price at 1575
5th wave may extended for the target of 2000 in march or April 2023 month.
We can see 4th wave was inverted flat and shllow so there is a high probability to be extended 5th wave.
Stop loss for BUY 1575 is near 1460 low for the target of 2000
THIS IS ETHEREUM TETHERUSETHEREUM is in UP trend moving UP since 01JAN23 on 14JAN23 we can see HUGE BULL CANDLE and I found my BOS so I marked my OB first OB on 4H.
On 15FEB23 saw couple of BIG BULL CANDLE and that's my second OB.
ETHEREUM market showing BIG CANDLES with BIG WICKS!
If market break second OB and went down then what? NO WORRIES!!!
Because we have EXTREME OB already and never underestimate the Extreme OB so our first OB is UNMITIGATE since 13JAN23 once first OB mitigate we can go for LONG and we can use Trailing SL.
Bitcoin Marke Update Today, Ethereum, Avax, Matic, Dot AnalysisBitcoin has been in a strong uptrend for the past few months, with the cryptocurrency reaching a local high above $25000. However, since then, the price has been consolidating within a range between $24500-25000
Currently, Bitcoin is showing signs of a potential bullish continuation, as the price has formed a bullish flag pattern, with a narrowing range and decreasing volume.
Furthermore, the overall market sentiment towards cryptocurrencies has been positive, and institutional adoption has continued to grow. This could lead to increased demand for Bitcoin, especially as a hedge against inflation and uncertainty in traditional financial markets.
However, it's important to keep an eye on potential resistance levels, such as the 25000-25500 levels, which could provide some challenges for further upward movement.
Therefore, I believe that BTCUSDT presents a good opportunity for bullish continuation, with a potential price target of 28000 . However, as always, it's important to keep an eye on risk management and to adjust your position accordingly based on market conditions.
Disclaimer: This is not financial advice, and I am not a financial advisor. Always do your own research and make your own investment decisions. Trading cryptocurrencies involves risk and may not be suitable for all investors.
Track the correction on 30min in Ethereum to catch the big move.Candlestick Chart
+ The moving average lines are contracted.
+ Track the price until it crosses either 50ema or 100ema lines.
+ It may test the level of 200ema to end its correction.
+ So, the levels of 1600 to 1626 may be tested to complete the correction.
Renko Chart (Brick Size = 7.5)
+ Fibonacci Retracement
The price can test the level of 1626 which is 38% level of retracement.
Conclusion:
1. The coin is in the correction mode.
2. Wait for the correction to be completed.
Thanks
Er. Simranjit Singh Virdi
Ethereum possible Elliot wave counts Here we have shared possible Elliot wave counts of ETHUSD (for educational purpose only) which are suggesting correction for very short term and this correction can be used as good opportunity to go long for further trend which is expected post this correction, the invalidation level of further up move can be low of previous wave 1 which is pegged at 1071.50, if it breaks below this level then we can assume that our counting is missing something and we may invalidate this structure, Overall we are unfolding some impulse in which we had completed wave (1) and now possibly we are heading to unfold wave (2) and then, post correction we can start wave (3). wave (2) can unfold in three subdivisions like ABC and ABC can unfold in 5-3-5 structure or 3-3-5 structure. Lets see what happens next.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Overall wave structure is shared below
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.