ETHEREUM is trading in a narrowing wedge
And the direction of the next move
Will be determined by the direction of the breakout
However, I am 60% bullish biased
Because of how well major crypo
Held the levels, having a war and all the chaos
Thrown at it, so I see an upside potential
But I implore you to...
Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
🎁Please hit the like...
I designed this custom chart to monitor the relative strength of top precious metals gold and silver versus top cryptos bitcoin and ethereum, to their respective ratios.
As you can see, there is a compression triangle of sorts that has formed and looking to determine which way it will break out.
The bottom is supported also by this arc spanning a much larger...
Ethereum got a lift with the rest of the crypto market as investors prepare for the FOMC decision today . Crypto's are behaving increasingly more like risk on assets, and this asset class (which also includes stocks) got a nice lift in what is known as a 'relief rally'. We blasted through $2651, and after some volatility, continued the uptrend into the vacuum...
This post goes into detail about the wave formation. We deconstruct the nature of the current triangle-looking pattern, and we provide a proof that it is a bullshit signal. The time targets used are beyond the scope, but they aim to identify the breakout pivot of the triangle. Here, they are all aligned.
First, let's deconstruct. We've just seen a downward move....
Not much volatility lately as price continues to consolidate between 2500-2600.
H4 closes remain between the solid green and 2600. A slight adjustment was made to the trendline using the H1 chart; intersection is now shown around 3/19.
As long as we hold above this zone I believe there could be a chance of a bullish breakout. Keep in mind that the green line...
ETH USD is in a similar setup to last cycle top, with price sitting under 200d MA. LTF shows lower highs compressing the range. Resolution with direction should be soon. Leaning short with invalidation above 21 ema and 2800 level
Been studying up on my Fractals and have gained some great insights recently so thought I'd share this with ETHUSD.
A fair few Alts have popped over the last 24 hours which gives me confidence that Eth too will break out of this wedge today and produce a short term rally before moving back to lower lows.
Experienced traders could look to catch...
Price is near sell entry level of 2773.38 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially dip to the take profit level of 2460.67 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is supported by the ichimoku cloud indicator.
Any opinions, news, research, analyses, prices, other...
The reason I am bullish on ETH is that COINBASE:ETHUSD it is still in an uptrend is bouncing off support,
Also at the end of the last run, it consolidated for three months, after the previous run it has been consolidating for almost a full 3 months again. It is also forming a strong breakout pattern of a symmetrical triangle. Bitcoin is also following the same...
The price of Ethereum is consolidating in the range of 2500 - 2600 dollars. Moving averages are on the bearish side and a further slight advantage of the bearish option. For now, the price has not formed a new lower low nor a higher high. So we can expect further side consolidation. For the bullish option, we need a break above $ 2600, and our first target is a...
With a stop loss below 2300 and a profit limit order at 5000 that would be a 5-1 return on a leveraged position.
The SP500 may trade higher by the end of the year. This would help Bitcoin ETFs and lift Bitcoins price.
Today's FED meeting will be very important to the whole market by the end of this year.
ETH has broken the level and is heading towards 2800.
BUY scenario: long to 2800.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Ethereum – the world’s second-most famous blockchain network – is a platform for creating decentralized applications based on blockchain and smart contract technology (a command that automatically enforces the terms of the agreement based on a given algorithm). Its cryptocurrency is listed under the symbol ETH and is also used for various transaction costs on the Ethereum network, such as gas fees (which can be infamously high at times).