Ethereum short wave analysis #Elliot_HarishRaoEthereum come down wave c
wave c internal wave 1,2,3,4,5
wave 1,2,3,4 complete
wave 4 retracment wave 3 is 62 % near
I draw trend line channel this chart wave 2nd to 4 rth andle of trend line 19 degree and i draw 4rth to trend line 19 degree bitcoin compelte near the correction
wave 5 interal wave 1,2,3,4,5
Search in ideas for "ethereum"
Ethereum - Good time to consider buying ?Ethereum is taking support of trendline.
20 DMA below price level. Could be a good support until broken.
If 20DMA broken, then we may need to reconsider buying level.
If day's candle closes above previous day high, then its a buy.
RSI is approximately >60
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
Ethereum Aims At $344 Or LowerEthereum (ETHUSD) follows Bitcoin (BTCUSD) which is now in a bearish continuation move (see related ideas).
On the 2nd August ETHUSD printed a long lower wick that tested EMA50 as support.
After this test, we ended up with a lower high...
So EMA100 is likely to be tested next.
The target for ETHUSD now sits at $347/$344, which is the 0.618 Fib. retracement level for the bullish move from 28-June to 2-Aug. and also EMA100.
On top of the EMAs analysis above, we can also notice the EMAs starting to curve while the MACD and RSI are trending down.
Conditions for change
The above analysis becomes invalid if ETHUSD moves and closes above $409.
Any trading below $409 and this analysis remains valid and we continue with the bearish view/bias.
Thanks a lot for reading.
Namaste.
P.S. This is not financial advice.
Remember to have a plan and do your own research before you trade.
Ethereum Next Target Mapped ($222, $215, Lower?)Ethereum (ETHUSD) goes together with Bitcoin (BTCUSD) and Bitcoin is starting to drop...
Here we have the next target for ETHUSD.
We will hit ~$226 with a high probability on this drop.
The red volume is high and the indicators curving strong.
But first, ETHUSD will hit MA200 at $234.10, depending on how this level is handled, we will visit $226.46 next.
Based on my EMAs analysis, the 0.786 Fib. support can be hit as well... But this drop is just getting started, let's not get ahead of ourselves.
This is a short-term analysis, not intended for you to trade.
You need to have your own plan and strategy, always remember this, here we are only reading the chart... But when trade, we share the full numbers (buy-in, targets, stop-loss & additional information).
Namaste.
ethereumit seems ethereum made its short term bottom. before some good bounces it may consolidate for some time.
it is just a view. crypto volatility can prove me wrong.
i do not invest or trade in any crypto.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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ETHEREUM / ETH / USD - Prediction May 7th 2024🔴 Resistance - 3118 🔴
🚀 Target - 3163- 3193 🚀
🟢 Support - 3090 🟢
🚀 Target - 3039 - 2986 🚀
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