Ethereum (Cryptocurrency)
ETH May reach 4600$ again As you can see a falling wedge pattern which confirms that the ETH is gonna rise
I have given the possible target and The support and resistance range, SO that we can buy the ETH in DIP. After a little more fall.
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Ethereum On The Weekly | Tips To Make Money Trading!I was looking at Ethereum (ETHUSDT) daily and was having a hard time deciding which way to go, what to look for, what is happening now and what is likely to happen next.
I set the timeframe to weekly (W) and multiple signals showed up right away.
Ethereum Chart Analysis by Alan Santana
Looking at this chart, ETHUSDT has been correcting since November.
Prices have been dropping since.
This week ETHUSDT goes below EMA10 for the first time since September where it lasted only a few days.
Before prices would always trade above EMA10 since July.
Going below EMA10 would definitely favor the bears but here is the thing... Closing below it now can signal multiple months or more of bear market, there is so much room for lower.
Now, above EMA10 or $4070 the short-term bullish potential is reignited; Currently, the bears (red) are in control.
Ethereum vs Tether (ETHUSD) Additional Chart Signals
We have a bearish cross on the MACD. Full blown.
We have bearish divergence with the MACD and RSI, very strong as well. This divergence has been present since May.
MACD histogram is going red while the RSI is trending lower.
I sold around mid-Nov...
I am wondering if I sold enough?
Anyways, I am ready for multiple months...
When prices go really low, we call it a "buyers" market and that's when the time comes to load up.
The market moves in cycles, it just goes up and down, up and down, down and up...
To be successful in this game plan long-term.
Never consider a drop in your capital as a loss.
You only lose if you sell below your buy price.
Don't need to consider an increase in your capital as a win.
You only win if you sell above your buy price...
You see how that works?
The markets will always fluctuate...
It will be always going up and down, down and up.
Being successful or not will depend on your trading plan, your strategy and mainly your goals.
If your goal is to generate just a few $ks per month with a good capital, you don't need to trade much.
If you are trying to get rich quick, make money fast, then you are very likely to end up losing it all.
If you can make money fast;
You can make money slow.
If you cannot make money in 10 years or 5 years, you won't be able to make it in 3 days or 3 weeks.
So, try and see how much money you can make in 1 year (maybe 3 months) trading and if you are successful you can try and make money faster but keep in mind that most people will end up losing if they are trading without a plan, in the long-run.
Instead of focusing on quick/fast money, focus on sound, well thoughtout, planned, long-term, long-lasting, stable, beautiful money.
:D
Thanks a lot for your support.
Namaste.
Bitcoin giving initial positive indicatorBITSTAMP:BTCUSD
COINBASE:BTCUSD
BINANCE:BTCUSDT
This is in continuation of previous posting "Bitcoin at crucial support point".
Breakout of RSI trendline is initial indicator of Bitcoin moving back in positive territory is seen at A on chart.
It now require confirmation by crossing 38.2% Fibonacci level and the price trendline as marked as B & C respectively on chart.
- Rajesh Ramchandani
Ethereum: Bearish view for this monthThis is not an investment advise!!!
Head and shoulders pattern formation on ethereum on a Daily timeframe
Target should be around 3400 levels.
* I'm not an expert analyst. This is something is just learnt, so I'm sharing this with public.
If you guys find anything wrong with this post, you can tell me about that in comments.
Have a nice day!😄
Ethereum Elliott Wave - Recent fall is confirmation of uptrendElliott wave analysis of Ethereum confirms its 3rd wave journey pattern.
Wave 1 - Finished at 4384.43 on May 12, 2021
Wave 2 - Finished at 1718.41 on July 20, 2021
Wave 3 - Sub-Wave 1 - Wave 1 - Finished at 4030.35 on Sep 3, 2021
Sub Wave 1 - Wave 2 - Finished at 2651 on Sep 21, 2021
Sub Wave 1 - Wave 3 - Sub-wave 1 - Finished at 4867.81 on Nov 10, 2021
Sub Wave 1 - Wave 3 - Sub-wave 1 - Finished at 3575 on Dec 4, 2021
Ethereum still holding strong after crack in BTCEven after a considerable flush in Bitcoin prices, we see Ethereum holding the line very strongly. This was quite surprising and reassuring to ETH holders.
1. The long term trendline is still intact.
2. Nice wick at Bull market support band in weekly chart
3. Retest of the previous resistance of $3970 in weekly chart after breakout
4. Support at 200 day moving average
ETHUSDT Bear Flag?
On daily time frame, RSI is making lower highs but the price is making higher highs. That in my experience is a bear divergence with clear rising wedge pattern. Keep an eye on all the price levels when ETH breaks down the triangle. The only thing that can keep this from happening is announcement of L2 or ETH2 merge on ETH mainnet
BTCUSD Bybit Chart Analysis November30
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Only 30 Min chart ,
In real time, you can check major sections and move,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 30.
This is the movement after writing the analysis on the 29th.
Started by breaking the first sky blue resistance line
Yesterday was within the orange support/red resistance level.
side way move has been completed
It was a $1020 profit section from the first short entry.
After failing to break through the red resistance line
The orange support line has been reached.
Because there is MACD dead cross pressure on the Weekly chart
There is also a Gap section at the bottom.
For the time being, it seems advantageous to operate a short position at a high point.
More details will be discussed in the analysis section.
4 hour chart
I'm keeping it ichimoku Red cloud thin.
Remember last week's drop to the bottom?
Today's approximate top price / bottom price
As much as possible, I put the weight on the Gap section of the green support line.
I'll take a closer look at what's going on.
It was before the MACD dead cross was engraved on the main bar chart.
Potential for up and down pranks or rocking movements
Since it is high, I would recommend that you stop focusing on short-term trading.
Check the red up trend /light blue down trend movement path
I made today's trading strategy
Because a reversal Tuesday could cause a strong decline
To be alert, this is a short position strategy.
This is a 30-minute chart one-way strategy.
To be precise, it is a short -> long switching strategy.
I put weight on the return of the gap section.
Sideways may appear depending on the situation, so please pay attention to the main support line.
Today, when the blue resistance line is broken / the red support line is broken
All strategies are canceled
* When the light blue finger moves
Short -> Long -> Short Switching Strategy
1) $56017 short position entry section / Stop loss when breaking the orange resistance line
2) $53114 long position switching / Stop loss when the red support line is broken
3) $58324 long position target and short position switching section / Stop loss when breaking through the red resistance line
Because the support line is open at the bottom of the 4-hour chart
I did not fit into the gap, and decided that it would push up to the red support line, so I came up with a strategy.
If it holds up well within the purple support line
There is a possibility of a rebound by touching the gap section within the green support line.
Please note
Principle trading / Stop loss is essential, I hope you operate safely.
thank you