Ethereum downside which I hate to predict :(Descending Triangle has formed and the price has broken below support
This makes the first target around $754.
Unfortunately, with the erratic markets with the domino effect of FTX, Alameda, Binance and Bitcoin following - this is causing a major ripple effect.
When this happens there is less confidence and more uncertainty with investors, which leads them.
1. Taking their money to more stable markets.
2. Withdrawing their funds all together
3. Depositing their funds in a hard wallet (USB) until all settles.
and Ethereum is no exception (despite it being my absolutely favourite crypto).
I'm medium term bearish but but long term bullish.
Ethusdshort
ETHUSDT SHORT, my honest opinion amid fundamental chaosHi traders and followers.
Wanted to update you on the ETH price action (stagnant during the Week-End) but showing some hints on what may come.
I am going to prioritize the bearish scenario on all of the 3 possibilities, mainly because we are closed below a 1h orderblock that has been confirmed once and because we closed below my trusty 0.33 FIB.
White scenario - the most "boring" i might say, with the price action zig zagging between the block and 0.5 , can transition into a yellow scenario
Yellow scenario - Clear break of the 0.5 and straight to 0.66 (as a reminder i use closes below equidistant extremes as targets in this case 0.33 and 0.66) , moderate price action
Orange scenario - Most violent of them all , clear break through 0.5 with a possible stop at 0.66 then straight to test the lows, including the 1h supportive orderblock
The volume should be picking up with the beginning of the Asian session and we might have some interesting price action going into the overlap.
Stay safe.
ETH Nightmare ScenarioThis is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with it. I've seen this dump coming for a while now and was wondering what the news event would be to "cause" it (because everyone knows you can predict when the news events will happen by looking at the charts) - we got our answer with FTX. The "black swan" event that broke the market. Put your hands up and yell "Weeee!" all the way down the rollercoaster. Short everything for financial freedom and then get your money off the exchanges before they freeze withdrawals lol
ETH usdt THE HUGE SHORTBy now you now my track record so without explaining much, all i am going to say is that we might be buying ETH at 3 digits soo.
Setting SHORT 2 short orders.
S hort at 1580$ with 75% of position
Short at 1620$ with 25% of position
Leverage X3
Take profit prices
25% at 1446 $
25% at 1351 $
25% at 1255 $
25% at 1105 $
in case it doesn't go our way,i will update here.
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We can expect to see shorts on ETHUSDWith the bullish run we have been on since 10/22/22 price is in a need of a pull back possibly a correction if price decides to break the zone, we have a strong supply at 1648.80 and with NFP coming out positive we can only expect that a consolidation this early could lead to a powerful move. I went with a higher stop loss do to the fact that on the last post had direction right just need a bigger stop loss..
ETH Fib Time/GP/Weekly SupplyETH is currently rejecting at the GP pulled from the August 14th high to our most recent low, which coincides with the weekly supply zone around 1680. At the same time we have a macro fib time pull, marking off Thursday October 27th as a significant date - typically the fib time pulls indicate either a top or a bottom and historically they have fallen on some other critical pivot points in the past. Considering the major resistance that we are currently facing, there is a good chance we will see a retracement from here. I am starting to notice similarities between our current price action and this fractal, which I scaled up to fit. It would also agree with the idea of a retracement from here.
I also have a second scenario in mind, but either way I believe ETH will end up in the macro GP from ATH / last weekly fair value gap up in the 2400-2500 area. I will post the second idea shortly.
ETHUSDT : Ok but bearish 👽hey there 😘
got 2 scenario ,
1: Short Hunter
an tiny approach to upper Liq(Stoploss) area & rekt shorties then gather liq for dropin to 1k
2: Fall as hell
continue previous path that I 've mentioned before ( touched 0.79 area & revers...)
* There is a naked Point Of Control (POC) down there , price would like to touch :)
* also demand zone down below is blinkin on you 😉
Maybe This Will Turn Out GoodHey trader, I hope you had a fantastic weekend.
The daily price has closed with a bearish reversal candle pattern, getting ready to counter-trend to the 8 MA before continuing the uptrend we're in. The 4-hour price formed a double top that has its current price bearish running in the accumulation phase and in between the short-term MA's, confirming the daily timeframes bias. The 1-hour price is bearish running in the mini head and shoulder patterns accumulation phase, below its neckline, 50 MA, and bearish crossed short-term MA's. All that signals a bearish drop to the Daily H&S Neckline 2 where the daily timeframe target resides.
That's it for today. I hope you found value in this article; if you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
ETHUSD: Following the main TRENDHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the ETHUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Higher timeframe:
Lower timeframe:
In June 2022, the market performed a sharp bearish impulse, correcting and retesting the main level at the end of August, month where the market started a second impulsive phase to the downside.
Potentially, ETH could reach the bottom of the structure and complete the bearish structure for more downside movement or a reversal.
When, where and why would we step into the market?
At the level 1900, the price double topped and reversed with a series of impulses and corrections.
Currently, the price is moving inside a triangle formation, which is both bearish and bullish pattern depending on the next breakout.
Considering the overall bearish market, we would enter short, targeting the bottom of the structure, obviously, entering right now in the middle of random movements is highly risky, better to be waiting for a complete breakout of the LTF structure or waiting for an extension of price till 1400/1480, looking for a great entry point.
Always apply risk management, don’t over risk and be focused!
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
ETH USDT will retest the lows soonI will try to make it as simple as possible.
i will create 3 different SHORT/SELL trades for ETHUSDT.
SHORT 1349 take profit 1285.5
SHORT 1369 take profit 1274
SHORT 1398 take profit 1307
If everything gets filled that will be a 6.4% win and i am using 2x leverage.
STOP LOSS will be activated if 4hour candle closes above 1400 at 2.1%
for an overnight stop loss i will set it at 1427 but only for the night time because i will have no control.
it is expected to last maybe 3 days to be completed.
The idea is that ETH will reach those targets,then come back at today's levels before crashing to maybe 3 digits.
that will be the next idea and i will post it here if everything goes according to plan.
for everything else,i will update this idea.
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A quick Ethereum short.Ethereum - Intraday - We look to Sell at 1349 (stop at 1381)
Daily signals are bearish.
Bespoke resistance is located at 1350.
Preferred trade is to sell into rallies.
A Morning Doji Star formation has been posted at the low.
Our profit targets will be 1281 and 1261
Resistance: 1300 / 1320 / 1350
Support: 1270 / 1250 / 1220
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Selling Ethereum into resistance.Ethereum - expiry tomorrow 8am UK - We look to Sell at 1388 (stop at 1421)
The previous swing high is located at 1397.
Bespoke resistance is located at 1400.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Our profit targets will be 1303 and 1273
Resistance: 1380 / 1400 / 1450
Support: 1350 / 1300 / 1280
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.