ETHUSD with new flagA new bullish flag perform today with small wave. In this analysis, I use 1 hour timeframe.
To make sure bullish continuation, ETH need to break up $2,102 and create a new higher high as bullish confirmation.
Bullish flag profit projection at $2,308, this target are same level as resistance channel up at my previous analysis.
Click here if you wanna learn about bullish flag pattern.
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Your support at this analysis will also support ETHUSD to reach bullish target
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Ethreum
ETH : With a good break of the resistance range of $1997With a good break of the resistance range of $1997 and a suitable pullback, the price was able to rise to the heavy resistance of the $2139 area.
Currently, according to the chart, in the one-hour time frame between the above two areas, it has reached the support drawn with appropriate reaction.
With the breakdown of the drawn downward trend line, and the appropriate reaction to the upward trend line, the desired long position can be checked.
This is not a buy or sell offer.
According to your own technical analysis knowledge, do the required checks.
Good luck .
ETH: Potential Consolidation Before Targeting $2000ETH might be gearing up for a brief period of consolidation before setting its sights on the $20,000 price mark. This strategic pause can be seen as a part of the natural price journey for Ethereum, allowing it to gather momentum and prepare for the next potential bullish move.
ETH Breaks Through $2000 with Blackrock's New ETH ETF!
I'm thrilled to share that Ethereum (ETH) has just shattered the $2000 mark, and the excitement doesn't end there. Blackrock, the renowned investment management firm, has recently announced the launch of their brand-new Ethereum Exchange-Traded Fund (ETF). This development is a game-changer for the crypto market and presents an incredible opportunity for all of us.
ETH's breakthrough beyond $2000 is a testament to its growing popularity and widespread adoption. With the backing of Blackrock, a giant in the financial industry, this milestone further solidifies Ethereum's position as a leading digital asset. The launch of their ETH ETF is a clear indication of the increasing institutional interest in cryptocurrencies and the immense potential they hold.
Now, you might be wondering, what does this mean for you as a trader? Well, it's time to seize the moment and consider going long on ETH! The combination of ETH's remarkable price surge and the introduction of Blackrock's ETH ETF opens up a world of possibilities. It's an ideal time to capitalize on this bullish trend and potentially reap substantial profits.
So, why should you consider long positions on ETH? Here are a few compelling reasons:
1. Institutional Confidence: With Blackrock's entry into the Ethereum market, it's evident that major financial players are recognizing the long-term value and potential of ETH. This institutional confidence can act as a catalyst for further price appreciation.
2. Market Momentum: ETH's recent breakthrough is a testament to its growing demand and market momentum. As more investors flock to Ethereum, the upward trend is likely to continue, potentially leading to even greater gains.
3. Diversification: Adding ETH to your portfolio provides diversification, reducing risk and offering exposure to a rapidly expanding asset class. With Blackrock's ETH ETF, you can now access Ethereum's potential without directly holding the underlying asset.
Now is the time to take action and make the most of this exciting opportunity. Consider long positions on ETH, keeping in mind your risk tolerance and investment strategy. As always, it's essential to conduct thorough research and consult with your financial advisor before making any investment decisions.
Remember, the crypto market is known for its volatility, so it's crucial to stay informed and adapt your strategy accordingly. Keep a close eye on market trends, news updates, and any regulatory developments that may impact the crypto space.
Wishing you a prosperous journey as you navigate the exciting world of cryptocurrencies!
Happy trading!
Ethereum (ETH) Returns to Our Radar - Anticipating Resistance AhHey Traders,
I've got a noteworthy update on Ethereum (ETH) that demands our attention.
Analysis:
I foresee a substantial resistance looming over the ETH price. Despite recent movements, my analysis suggests the likelihood of ETH revisiting levels below $1500.
Disclaimer:
This information is not to be considered financial advice. Always conduct thorough research before making any trading decisions.
Let's delve into the details on the TradingView charts, keeping a close eye on the potential resistance and the factors driving this anticipation. Happy Analyzing! 📈🔍
Ethereum's Potential to Reach $2000 TargetEthereum has potential to reach the $2000 target. While it is important to approach such predictions with caution, there are several factors that suggest this milestone could be within reach. This idea aims to provide you with an overview of these factors and encourage you to consider a long position on Ethereum.
1. Market Momentum: Over the past few months, Ethereum has displayed remarkable resilience and has consistently demonstrated an upward trend. Despite occasional volatility, the overall market sentiment towards Ethereum remains positive. This consistent growth is a promising sign for traders who are looking to capitalize on potential long-term gains.
2. Institutional Adoption: Ethereum has gained significant traction among institutional investors, with major financial players showing a growing interest in this digital asset. The increased institutional adoption not only adds credibility to Ethereum but also paves the way for further growth and stability. This trend indicates that Ethereum's potential is being recognized by established financial institutions, which could potentially drive up its value.
3. DeFi and Smart Contracts: Ethereum's blockchain serves as the foundation for a multitude of decentralized applications (dApps) and smart contracts. The explosive growth of the decentralized finance (DeFi) sector has significantly increased the demand for Ethereum, as it remains the preferred platform for most DeFi protocols. As the DeFi space continues to expand and mature, Ethereum is likely to experience increased utility and demand, potentially driving its value higher.
Considering these factors, it is crucial to approach this potential opportunity with a cautious mindset. While Ethereum's growth has been impressive, the cryptocurrency market is inherently volatile, and past performance does not guarantee future results. It is essential to conduct thorough research, assess your risk tolerance, and consider consulting with a financial advisor before making any investment decisions.
If you are interested in exploring a long position on Ethereum, I encourage you to carefully analyze the market, monitor the latest news and developments, and consider setting stop-loss orders to mitigate potential risks. Additionally, staying updated with market trends and being prepared to adapt your strategy accordingly will be key to maximizing your chances of success.
As always, please remember that this idea is not financial advice, and you should conduct your own due diligence before making any investment decisions.
ETHLeading cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and XRP are showing significant gains, according to data from CoinStats. Today, BTC was up 0.91%, trading at $35,171, with expectations of breaking the $35,612 resistance. If this level is surpassed, BTC is likely to reach $36,000 by the end of this week.
On the other hand, ETH outperformed other cryptocurrencies with a gain of 1.73% and is currently trading at $1,909. If ETH surpasses yesterday's peak, it is predicted to hit the critical $2,000 zone by mid-November.
ETH vs BTC? It depends: See why!The TPI (Trend Probability Indicator) tells you if the trend of an asset-class or commodity is bearish or bullish.
It has values that range from -1 to +1, where -1 is bearish, and +1 is bullish.
Values between -0.2 - 0.2 are neutral, and we expect market to be ranging and mean reverting at that TPI score.
The TPI works on all timeframes above the 4H timeframe. I use it to manage a modern portfolio where I use longs and shorts. Here is how I try to mitigate my risk, and maximize my profits by for example reading when ETH will out/underperform BTC.
EthereumPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line or S / R Level. Completed " 1234 - abcd " Impulsive Waves at Fibonacci Level - 38.20%
Entry Precaution :
Wait until it Rejects or Breaks the UTL
BTC still in bearish mode.You can disagree with me, but I've seen so many posts lately saying we're going to 200K in a matter of months.
I'm sorry to tell you that it's not true at all, although I wish it was true because all of us want to earn money now, or better said... YESTERDAY! :)
All of these posts showing a bullish pattern are basing their analysis on the years of the halving, when BTC starts the bullish market. These years are: 2016, 2019, and 2024. Boys, girls, just for you to know, we're still in 2023.
This is not financial advice. Do your own research before believing everyone.
HUT 8 - Time to Let it Reload HUT 8 - NASDAQ:HUT
EARNINGS RELEASE: This Thursday 17th August 2023 👀
⚠️The last 3 quarterly earning reports have had consistent 10% or more reduction to revenues .
o Hut 8 is one of North America's largest innovation-focused digital asset mining pioneers and high performance computing infrastructure provider.
o Hut 8 has one of the highest capacity rates for mining in the industry and one of the highest inventories of self-mined Bitcoin of any digital asset miner or publicly-traded company globally.
o With 9,136 BTC, Hut 8 continues to have one of the largest self-mined Bitcoin reserves of any publicly traded company
o On June 26, Hut 8 announced that it entered a US$50 million credit facility with Coinbase Credit, Inc.
THE CHART
The chart speaks for itself. My ideal entry would be off the POC or 200SMA with three confirmations:
1. MACD CROSS
2. OBV VOLUME BREAKOUT
3. RSI OVER SOLD
Safe Trading folks
PUKA
QREDO looking for an ABC corrections!Kind of Rug pull chart QREDO is looking for an ABC corrections then dump more, The community/holders please notice that next ATH will be max of 0.9$ to 1.5$.
Seriously the Team behind QREDO is the only responsible of the pure manipulation.
Good Luck!
ETH, ETF going great so far!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Elliott wave Impulse, still printing variant.
Hope all those talking heads are right and the BitcoinETF goes a bit better...
Cheers!
LQTY 4hrs bearish retestAs what I said in my last post yesterday that LQTY is currently retesting on daily TF but weekly says pinbar creating…. Currently 4hrs TF says bearish retest is about to happen if that happen means my view on weekly chart will play out… check my last post on LQTY to under better what I’m saying….
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ETH - Rebound Soon? 🌦️Cloudy ☁️ and rainy trading conditions 🌧️ lie ahead for the global crypto market in the next 24 hours, signaling a bearish trend with downside risk for most cryptocurrencies. Ether faces an even stronger downward trend, indicating a likely rebound in the short term. 🌦️
Over a one-week horizon, the bearish trend continues for most cryptos, with Bitcoin being the notable exception. A slightly bullish trend with upside potential is likely for the largest cryptocurrency, according to ATTMO. 🌞
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