Last leg of correction before ATH | Towards $700-800Last leg of correction before ATH | Towards $700-800
ETHBEARUSD trade ideas
Case2: Etheruem pull back wave x and moving upward triple x nonIn this case previous low we assume that wave 2 of the supercycle is already finished
so we are in wave super 3x or wave c - and this motive wave in the timeframe month
might be a triple combination or triple zigzag.
Rule
Because the former wave is elongated zigzag that means wave x must retrace at
At least 61.8% of wave c (847.30)
It can retrace deeper but it must not retrace more than 61.8% of the previous cycle
elongated zigzag (726.07)
Conclusion
It might retrace in the (847.30-727.07) zone to form wave x and keep continue moving upward
Warning
Ethereum is a very fluctuated coin so make research on your own, you may look at my first case which is the downward situation.
I strongly believe that everything is possible to manage your capital carefully.
Vitalik Buterin's fan
Thanat Vichachai
Case1: Ethereum Pull back 61.8% of wave (c) of flat to form W.2In timeframe day the rally up of ethereum might be a false motive to lure investor to buy
As you can see in wave (c) of (B) form elongated zigzag which means when the cycle is finish
it has to pull back at least 61.8% of wave (c) (around 547 of half of the current price)
Warning this is just one case of the Elliott wave analysis possibility - Make a research on your own
and don't forget to look at my second case analysis which is in upward prediction.
Be care full!
Vatalix Buterin's fan
Thanat Vichachai
ETHUSD WAIT AND WATCHIf it sustains above the level of 1234 then can go long to 1260 followed by 1290.
If the price turns back from the important level of 1234 then the short target will be 1175 followed by 1150.
Happy Treading.
ETH - SHORT TERM & LONG TERM LEVELSETH has rallied up in the last two trading days to reach fresh highs in a long time. We are seeing similar run to Jan 2018 in the mix.
Yellow Trend Lines show long term levels with respect to the 2018 run up.
Green Trend Lines indicate short term support & resistance. If price sustains over each of these Trend lines, we wil see price moving up. Corrections will be fast in a voltaile bull rally.
ETH towards ATHETH has just crossed over the strong daily resistance and a strongest trendline resistance at 990$
ETH on its way to new ATH has 1200$ and ATH-1400$ 2 strong resistances.
Once we breakout the 1200$ resistance, it will be just matter of couple of days for ETH to make new ATH.
According to historical data, ETH always have the same rally as of BTC.
we can see ETH ATH somewhere around 1800 to 2000$ in 2021
Chart ethusdt for 1day if ethusdt close above 738 so you have the good point for buy it and sell at R1= 754.10 or R2= 771.7 and good luck for all traders
Will Ethereum Value Reach Four Figures Anytime Soon?The technical chart of Ethereum highlights the gradual positive momentum created by the bulls from the past month, which has resulted in attaining new levels for the yeat towards the end. The price levels have broken above the upper level of BB, which is around $652.09, providing extreme bullish signals. The relative strength index has also reached the peak of the overbought region with the current level of 82.27 while MACD moves strongly after a bullish crossover. The bulls must be looking levels above $630 for cooling off what might have converted into an overheated positive move. The cooling period around $650-$670 might help develop sustainability and avoid any sharp negative divergence for the world's second-largest cryptocurrency.
Ethereum Moving Below Support, Incoming Drop! (Altcoins Update) Another one of the big buys, Ethereum (ETHUSD), is also aiming lower...
What do you think will happen when big money flows out of Bitcoin, Ripple, and Ethereum?
Where is this money going?
The smaller altcoins of course... We are talking about thousands and thousands of altcoins.
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Back to Ethereum...
We can see prices moving below EMA10 and the exact same signals we saw on the Bitcoin (BTCUSD) chart.
We have the indicators, MACD and RSI, trending lower as well as bearish divergence with both.
We also have a bearish cross on the MACD and the bear volume being clearly stronger than bull volume since the beginning of the month.
This is no big deal...
This is not a problem...
Prices go down, just as they go up.
You always get a retrace after a strong bullish move.
Conditions for change
We would need to see Ethereum (ETHUSD) move above the last high and staying there for the bearish bias that is developing now to be canceled out.
For now, we are aiming for lower prices.
Thanks a lot for reading.
Namaste.
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.
