Ethereum "Last barrier" | Aims At $6,000We've been looking at Bitcoin lately and neglecting Ethereum and other Altcoins... What a surprise to see the ETHUSD chart.
Join me for some cryptocurrency chart related entertainment.
Ethereum (ETHUSD) Daily TF Chart Analysis by Alan Santana
ETHUSD is now facing resistance while slowly but steadily moving higher...
We can see a strong resistance level between $2700 - $3000, which I am calling the "last barrier".
If this level can be taken out, which seems very likely to happen, we can see Ethereum hit $3800 to move and challenge next its All Time High.
Depending on how the ATH is handled we can aim at $5000+ to hit $6,000... This is all strongly possible in a flash.
The chart we are looking now fully support the scenario I describe above.
We have low volume yet prices are cripping up.
We are in the summer yet crypto remains strong.
We have a very strong RSI and MACD.
If the whales/bots/market makers push the bottoms, we will see massive/sudden bullish action form.
As the last barrier is taken out, we can see ETHUSD hit $6,000+.
This is how Crypto works...
One day it is completely as sleep.
The next day it is worth more than Gold.
Namaste.
Search in ideas for "ethusd"
ETH Head & Shoulder Pattern TA target $2059.65Eth is forming a Head and Shoulder pattern and it breakout already.
Testing the Horizontal green line was the confirmation, the technical target is $2059.65 but there is falling support line according to that I thing target is around $2155.46.
I show a Bearish Divergence ( Between Blue Vertical line).
Comment down your opinion about this pattern.
Ethereum Ready To Move Lower (Goes Below EMA10)Hello, my favorite cryptocurrency trader... Here we go again.
I will keep this one short because I am on "vacation", AKA, reading, studying, exercising, and work...
Anyways, we already know that Bitcoin (BTCUSD) is now bearish as well as Ripple (XRPUSD), the same is happening with Ethereum (ETHUSD).
We can see prices moving below EMA10 just before the day closes.
Closing below this level means "signal confirmed".
In this case, a bearish signal.
The RSI is trending down.
The MACD is trending down after both showed bearish divergence.
The red/bear volume bars are bigger/higher than the green bars... You see, we don't need to be "experts" here... We just look at the charts for repeating patterns and "signals" and use these to try and predict what will happen next.
Based on these signals...
We will see ETHUSD drop to at least $486 or more...
We will see how it goes, the daily candle hasn't close and that's when the signal is confirmed.
Conditions for change | If prices move back above EMA10...
We can continue waiting, tracking, but the potential for a drop remains and stays strong unless the last high is taken out.
ETHUSD is likely to move lower now.
Namaste.
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.
An overview of the marketAn overview of the full crypto market with my perspective , its my first time recording a video and trying to explain people through a video , Hope you all appreciate and I will try to make it better the next time.
I showed the CRYPTOCAP:TOTAL3 (alt market cap) , and you areas to NOT take trades on , and areas to EXIT / TAKE PARTIAL / TAKE PROFIT on and the areas to OPEN LONG positions.
I also discussed CRYPTOCAP:BTC.D (BTC Dominance) , and showed you how I expect the money flow in alts from BTC , money flow from BTC to alts doesn't mean that BTC will fall nor does the area I marked as target for the BTC dominance shall be achieved , there are many supports to break , with each support I will try to update you all , these are merely short term Ideas over the full crypto market.
Discussed CRYPTOCAP:ETH.D , BINANCE:ETHBTC & CRYPTO:ETHUSD and showed targets for them and where to expect corrections.
ETH , I believe we are going to have a run to 3k before any big correction.
Discussed some alt coins to hold and showed 2 large cap coins to have spot bags in which are
CRYPTO:DOGEUSD & CRYPTO:XRPUSD
Hope the basic knowledge and update I wanted to provide to you was understood clearly despite being with my background noise and not having proper setup for the video lecture , I will try to do better with each video.
Thankyou All ! Trade safe and be safe. 💚
Ethereum Update With Same $6K Target On Strong Bullish Breakout We have the same chart here we looked at on August 4, Ethereum aims at $6000 (see it here) .
We have really strong technicals in favor of the bulls/green side.
The consolidation has been really strong with the price staying above the blue space on the chart (our "last barrier").
The price not dipping lower is a good/positive signal.
The longer we have this type of bullish/sideways consolidation at the top, the better the outlook becomes for the bulls.
Breaking below EMA21 ($3165) would be a bearish signal yet we remain strongly bullish above the EMA50 line at $2680.
Overall the outlook continues to be pretty good.
Ethereum (ETHUSD) continues strong.
Namaste.
Perfect Levels capture !!COINBASE:ETHUSD
#Learning:
How to find the market momentum with these levels:
If the candle closed crossing the level, next candle moving in same direction can be considered as that side momentum is going on.
Ex: 44600 level marked, candles moving from up side to down side, crossed the level and closed below the level, next candle opened and moving towards next lower level it can be considered as bearish momentum and then high chances, it will touch the next lower level, supporting Volumes !!
Same applies for bullish momentum, candles moving from down to upside and crossing the line and closed the candle above the line and next candle moving towards up, then it can be considered as bullish momentum and high chances next target will the next high marked level.
Remember, Candles are interrelated, careful about fake breakouts, unless candle confirmations are not there, its not safe to enter !!!
Ethereum Bullish Weekly Close | Will It Hit $4,9K or $5,3K Next?We have another very good close for Ethereum (ETHUSD) on the weekly timeframe.
Last week closed above $3,600, this can lead to even higher prices.
Now, $3,900 might sound like a lot but only if you are comparing to earlier prices... Remember when Bitcoin was $3,000?
Bitcoin is now worth over $58,000 for one single coin... Ethereum can go through something similar... Remember that this bull market will last for years to come.
There is a lot of room at this point for a correction to take place... But we are reading charts here, just as we have room for lower prices we also have room for more gains.
Trading or not, buying or not, will depend if you are buying for the short or long-term.
Based on my Fib. projections, ETHUSD can hit over $4900 next.
We are supported by the TD sequential, the RSI and the MACD as well.
This is a tricky one... Make sure to plan before you trade.
Will you hold if you buy and it drops?
If it rises, will you sell, how much, and when?
Let us know in the comments...
Thanks a lot for your support.
Namaste.
Ethereum (ETH) Weekly | $3440 & $4000+ If $2500 Breaks...The weekly chart for our beloved Ethereum (ETHUSD), the #1 altcoin, is really looking good...
Meaning, there is lots of potential/room still left available for growth.
Hit LIKE to read the chart!
The first thing to notice here is that the EMA10 green line has never been 'breached' since April 2020.
Trading above EMA10 = BULLISH.
Here we have the proof.
Now, this week we have a green candle that is challenging resistance.
We know that the longer a resistance level is challenged the weaker it becomes.
When prices are high and set to drop they tend to do so suddenly and strong, yet we are still above EMA10 which is super bullish... That's all my friends.
There are more signals coming from this chart but basically, this is it, simple is best.
If ETHUSD can break and close above $2550 on the weekly timeframe, we can expect higher prices to $3400+ and even $4000+.
Conditions for change
A correction can happen/take place when prices move and close below EMA10, now sitting at $1953.
Thanks a lot for reading.
Feel free to leave a comment if you have any questions and hit LIKE to share in support.
Namaste.