ETHEREUM trade ideas
ETHUSDETH USD
resistance at 3004.
Support is at 2019.
Demand zone is 1542-1264.
Whenever demand zone is tested could be opportunity
for accumulation.
RSI still not hit the oversold zone.
Best decision making time is in Oversold and Overbought zone.
Depending on the time frame of the chart and depending
on the perspective/vision of the trader, the oversold and
overbought may be used.
ETHUSD fall comparitively lesser that BTCUSD and other
crypto.
Pullback will be more used by investors who are stuck up
with long position.
Lower time frame overbought in 4 hour, 6 hours or even 12 hours
on RSI
would be opportunity for investors to reduce exposure or take profits
3000 is the resistance
if breakout above 3000 is witnessed then rise to 3560
as the supply zone for profit booking or exiting long
which could be matched with overbought in
lower time frame charts.
Eth Short Scalp to 2200stops and target in chart
low volume push towards resistance. Btc also at resistance
Single Candlestick Chart Pattern - Bullish Hammer
Hammers have a small real body and a long lower shadow.
Hammers occur after a price decline.
The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open.
The close can be above or below the open, although the close should be near the open in order for the real body to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Confirmation -
Hammers are most effective when they are preceded by at least three or more declining candles. A declining candle is one which closes lower than the close of the candle before it.
A hammer should look similar to a "T". This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed.
Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer's shadow.
Hammers aren't usually used in isolation, even with confirmation. Traders typically use price or trend analysis, or technical indicators to further confirm candlestick patterns.
3200 upsideIf ethereum sustains above 2550 it can easily generate targets of up to 3200 but it has to establish good support at 2550, This could be just another blip for crypto currencies or it might even be a certain end for private cryptos so be cautious of the risks associated with positions in crypto.
DISC:- For educational purposes only.
ETHUSD : Looking for great buying opportunity!ETHUSD is looking for great buying opportunity after having 60% correction & has the high chance to make some heavy chunks of profit for the next coming month. & formed descending channel on 4h & has reached at the bottom for the continuation to the upside!
Intraday Buy!Buy ETHUSD at the breakout of 2500, SL at 2150 (slightly below "C" point and final target around 3150 (1.618 level of fibonacci) with RR ration almost 1:2)
ETHUSD what's next?As we can see, ETHUSD has been falling since May 12. On May 12, the price reached a high of $ 4350. Now the price has dropped by almost 50%. The price bounced off the $ 2,160 support level and went up, but failed to break the $ 3,000 resistance level. On May 19 and May 21, the price tried to break through the support level and there were false breakouts, but the price rose again. If the price breaks the support level, then ETHUSD may fall by 55% or 60%, and maybe more. But if the price breaks the resistance level of $ 3000 and gains a foothold there, growth is possible.
If you like the idea, subscribe and like it.
Good luck and big profits.
Rising from the FallEthereum Fell to lower Support right after the News with China banning all Cryptocurrency.
This has happened previously in 2013, 2017
Its not the first time China has done this.
This is what they do to manipulate the Price.
We can expect Consolidation within the area of the blue box before price Rise back up.
Ethereum (Triangle pattern)Elon Musk's tweet on bitcoin had hitted crypto market badly, Ether(Crypto currency of Ethereum) had been falling from past few days, and currently ether is at one of its strong support. But we know that Ethereum is much better than bitcoin because it is not only used for transactions but it is a complete platform for development of decentralised applications, and for maintaince and using those dapps(decentralised applications) we require ether. So there is actual real life demand for ether, Elon Musk tweeted about high energy consumption by bitcoin, ether uses much less energy than bitcoin and we know ether is in the process of shifting to proof of stake system. Proof of stake will further reduce energy demand, making it more eco friendly, it will also increase number of transactions per second from 14 to above 1500. Further more according to EIP 1559, from July 15, few amount of ether will be burner(destroyed forever) with every transaction. This will make it more valuable than bitcoin because it will constantly reduce supply of ether, since some amount of ether will be destroyed with every transaction. Supply reduced = Price Increase. People don't understand blockchain technology like once they didn't understood computers, but if anyone would invested at that time, he would had seen huge profits, similar thing happened with internet, and this is web 3.0(blockchain). Because of all these upgrades, I see great demand increase of ether in upcoming months
So it will be wise to understand that this fall in price is only for short term, ether will rise in long term. And a triangle pattern on a strong support indicates a reversal. It is advised to buy ether at any price below $3500, profit will be seen in short term, but if you are able to hold it till end of August(long term), it will be above $10,000(because of all the reasons given above)
Eth/usdtEthereum hitt approx all targets but now looking slightly bearish with head& shoulders pattern, if we loose supports then maybe hit lower targets..!!
Head and shoulder with rsi divergence & trendline breakTrend line support has been broken and retested as the price was in for uptrend for while we can see a correction marked in blue
Ethereum LevelsThe analysis provided by me is just an analysis. And if these levels happen, then you can buy as well as sell according to the given levels and your condition. But remember for long term investment this is the best oppurtunity where you can wait and watch any invest your money in the dip.
Breakdown Next support is visible at 3520 levels, look for shorting opportunities and see if it holds 0.382 levels or breaksdown further
Ethereum Short ChanceIf ethereum enters the range that i mentioned and if it moved below the line that due to formation of Head & Shoulder pattern it will give you an approximate dip of around 200 dollars. And you can either short sell or you can either buy at the dip.
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.
