I mentioned in the previous video that we might see a drop in the price of Ethereum as the ETH/BTC pair breaks lower due to liquidity being drawn to Bitcoin. We have observed a relief rally towards the 20 EMA, following the breakdown of the ETH/BTC pair, while still respecting the 20 EMA. Based on the previous cycle in 2019, we saw something similar as ETH/BTC...
For some context: Rule of alteration states that if/when W2 is a Flat then W4 can only be either zig zag or triangle. W(4) "Guideline" (not a rule) : When the 4th wave finishes its trajectory it is most commonly known the wave A will test the 2 of the wave 5 one degree less and wave C will end somewhere in the price area of wave4 one degree less. If this ends up...
Monthly & Weekly prices above the cloud Daily is also above the cloud I took a buy setup on H4
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful...
Greetings, ETH is in a consolidation triangle and could make an impulsive move upwards for a third touch of the trend line or a breakout of the triangle. The current bearish flag (on the 1hr timeframe) appears to be too textbook for an actual downside move. Timing would suggest the move starting between 6pm-9pm EST as this is when crypto typically has its weekend...
Ethereum ( CRYPTOCAP:ETH ) experienced a sharp price decline on Friday, following data revealing its underperformance compared to Bitcoin ( CRYPTOCAP:BTC ). Despite recent Wells notices to crypto firms, JP Morgan analysts predict spot ETH ETFs will likely be approved. The SEC's recent Wells notices to Robinhood Crypto, Consensys, and Uniswap do not pose a...
Traders, I'm seeing this on the Bitcoin chart as well (future post). But here on Ethereum we are in a bullish descending wedge. It should break to the upside soon. However, careful going all in just yet. My spiny senses are telling me we could have one more liquidation of longs incoming before all lights are green. Our .618 fib level seems to be holding well so,...
With regard to Bitcoin halving and the possibility of digital currency prices increasing with this event, and with regard to investors' purchases in the market and taking into account the trend of Ethereum transactions and the analysis of digital currencies that have a positive correlation with Ethereum, it can be concluded that the specified area In the price...
Purple Line: 50 days MA Green Line: 125 days MA Price touch Green line three times which provide strong support. Possible next development is going to test purple line for the 3rd time.
Hello, Here's my plan for ETH in the next coming days. I think this will play out perfectly. Just broke down the mini downtrend and I expect to hit the resistance on the bigger downtrend. We will see if it gets rejected from there or tries a breakout. I'm entering a long trade for at least 3-4%
ETHUSD has experienced a notable upward surge recently, characterized by an impulsive move in its price trajectory. This trend suggests a potential opportunity for a long position in the coming week. As the market currently hovers around a critical juncture, marked by a zone of interest, the possibility of a structural breakout followed by a retest presents...
Price holds in at pattern support after EMA divergence gets rejected. Further recovery is possible if we can maintain within pattern. Still be aware of the chance of correction and the assumed W1 3k close. www.tradingview.com
Current areas of support and resistance in Ethereum. Watching these areas for entry or take profits points.
Here on ETHUSD price has moving uptrend and is likely to rise again after touching the trendline so is expected to go LONG and profit target should around 3207.74
Using the MACD on this monthly timeframe we can see a clear cross allowing bullishness on the monthly timeframe for ETH Just another example of why the market should act very bullish currently. MACD is a great indicator.
The just released CPI data was quite well received. Despite the results being in line with expectations, the crypto market saw significant volatility, with Bitcoin up 4% to $64,000 with the Maxpain point now at $62,000, and moving some short-term sellers into the hedging zone. The options market reacted significantly, with all major term IVs pulling up quickly to...
Rejection sets in at 50EMA/pattern support to prevent double-bottom recovery. Price now sits at 2878 low and poses a higher chance for further correction. Our hope now lies in a W1 inverse hammer which would require us to maintain consolidation between ~2875-2950 until EOW. www.tradingview.com