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ETHWUSDT trade ideas

ETHW MEDIUM TERM BULLISH CONTROL Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. ETHWUSDT, as we clearly see price is around a strong support zone from daily time frame Where we will be searching for new longs right! As we can see in the picture for the bulls to kick in from a medium-term perspective, we need a break above the marked swing high Then we can say yes, the bulls are in Until that happens, we are still overall bearish, and we can still trade lower and lower to dive more before the bulls kick in and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
ETHW 3.4$ TARGETETHW is one of the worst crypto of all time. Its poor performance is due to the lack of developper, free airdropped coin and high inflation. Since the merge 570 000 ethereum proof of work were minted, that a strong selling pressure on a crypto without buyers. Binance will not list it because coinbase have more than 10m free ethw coins and will be dumped on if they list. The airdrop was done poorly keeping large exchange holdings ethereum on board, generally speaking airdrop projects blacklist large entities to not being taked as hostage and let users get their share by withdrawing their coins on their wallets. Miners mining it at loss would not keep on mining and will migrate to better project like raven coin and etc. If it breaks its last support it can go to 3.4 and then to zero, because at this point this project will be deserted.
Short
by worldlyCake96255
ETHW/USDT - LONG SCALPING-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ ETHW/USDT ⚡️⚡️ Exchange: ByBit USDT Trade Type: Breakout (Long) Leverage: Isolated (5.0X) Entry Orders: 1) 6.195 - 100.0% Take-Profit Orders: 1) 6.255 - 65.0% 2) 6.335 - 25.0% 3) 6.525 - 9.998% Stop-loss Orders: 1) 6.07 - 100.0% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Long
by Mahdicryptodotma-pro
2
Quick scalp on ETHWUSDTHi fellow traders, Hi fellow traders, After a drop in price of ETHWUSDT by more than 50%, the coin finally found some upside. The coin has gained an important hourly level and there might be an interesting scalp long opportunity on the horizon. The level around 6.4 dollar is a key level that has been gained. The trade here is a retest around 6.4 dollar and then a push higher to the next strong resistance zone around 7 dollars. Entry: 6.4 dollar. Exit: 6.975 dollar. Stop-loss: 6.25 dollar. Potentially sell 25% around 6.7 dollar and leave 75% to sell at 6.975 dollar. Trade safe and smart!
by Jilderinho
Potential bottom play for ETHWUSDTHi fellow traders, After a drop in price of the ticket ETHWUSDT by more than 50%, it might be interesting to look for long opportunities for this coin. There a five reasons why a long entry might be interesting: 1) The price has already dropped by more than 50% 2) The area around 6 dollars per ETHW is the start of the previous expansion and the last area in which a higher low can be played 3) The area around 6 dollars shows strong volume in the past, suggesting the support might be strong there 4) Potential falling wedge structure in the recent price data can be found 5) Good risk to reward Entry: Between 5.50 and 6.00. Stop-loss: 5.365. Regarding TP's, I would go for agressive TP's such as in the example below (75% is sold already after the second TP): TP 1: 6.73 (25%) TP 2: 7.585 (50%) TP 3: 8.51 (10%) TP 4: 9.92 (10%) Trade safe and smart! As this coin is very volatile, make sure to have a proper position size that fits with the volatility.
Long
by Jilderinho
3
ETHW BOTTOM IS IN! NEXT RUN UP ABOUT TO START, ALL ABOARD!ETHW looks like its about to make its next run up. This will be wave 3 and the previous high around $14 will be a blip on the chart. I can see ETHW running to about $40 on this next run and possibly higher depending on how much attention it receives. I think the bottom was around $7.60 like I predicted in my previous chart which was major support. Invalidation of this idea would be a break of $7.50 and a close on at least a 4 hour. If that happens then I would expect a move down to next support around $5 with wicks down to about $4. At that point we will revisit and re-evaluate. I dont think this will happen though, I think ETHW has found its bottom on this wave 2 correction. This is not trading or financial advice this is just my opinion. Thank you and if you like my work, please support me by giving me a boost and follow me. Good luck out there everyone. This was my previous charts showing the move that was just completed.
Long
by Bitgolder
5
ETHW USD Cup and Handle Possibly Playing Out! Target $24 -$34ETHW has formed what looks like a nice cup and handle. There is a nice increase in volume this morning and the price is beginning to creep back up towards $14. If ETHW breaks $14 and closes above on at least an hourly then I would say the pattern is complete and a measured move to at least $24 dollars, and then $34 if its still going strong at $24. I will be waiting for the break of the neckline with decent volume for confirmation the pattern is valid and playing out. This coin is extremely volatile so proceed with caution. If ETHW gets to previous resistance at $14 and does not break and loses steam, then this would be a nice double top and a correction down to $8 and then possibly $6 would play out This is not trading or financial advice this is just my opinion. Thank you and good luck my friends.
Long
by Bitgolder
ETH Merge and its AftermathWhat is the Ethereum Merge and why? The Ethereum Merge is the most significant upgrade for the Ethereum Network migrating its consensus algorithm from Proof-of-Work (PoW) to Proof-of-Stake (PoS). It is achieved by running a parallel chain called the Beacon Chain on 1st December 2020, underwent more than 1.5years of extensive testing and bug bounties before merging the Beacon Chain to the Ethereum Mainnet (the ETH we hold and use now). The Beacon Chain is the consensus layer which replaces the existing layer of PoW and the execution layer of Ethereum (Mainnet), along with all its previous transaction records remain unchanged. Under the PoS consensus algorithm, Ethereum will be: 1) More accessible – Anyone can access the network and become a validator node as compared to owning expensive hardware for mining operations under PoW. 2) More scalable – Faster transaction speed, reduced gas fees and upgrades that are not possible under PoW to encourage more adoptions on Decentralised Applications (Dapps) and Decentralised Finance (DEFI). 3) More secure – Increased accessibility and participation makes the network more secure and more decentralized which mitigate the issue of 51% attack on the network that PoW is susceptible to. 4) More sustainable – PoW consumes a great amount of energy and is not sustainable for our environment. PoS is a more energy efficient way to validate transactions and produce blocks on the Ethereum blockchain. Observations after the Merge The Merge upgrade is successfully completed and 2 week after it, I found some interesting observations: 1) ETHW, which is the forked version of the pre-Merge ETH starts to trade actively on major exchanges such as Binance, FTX 2) ETH, ETC and ETHW lost value sharply right after the Merge for 3-4 days straight 3) ETHW moved move violently than the other 2 ETH counterparts 4) At the time of writing, ETH has dropped about 14%, ETC 27% and ETHW 44% You might ask, shouldn't an upgrade makes ETH better, and hence the price should increase? I have some hypothesis myself to explain the price action. ETH is the first blockchain protocol after Bitcoin that enables Smart Contracts. Being the first mover, it gained significant market share and has a large pool of developers / communities working on ETH's ecosystem before other PoS layer 1 projects such as and not limiting to TRX, ADA, NEO, ALGO, XTZ and BNB came into the market to offer comparable blockchain solutions that are faster, cheaper and more scalable. ETH's dominance was affected but not threatened because fundamentally, the consensus layer of ETH is different from the others as ETH relied on miners to validate transactions, which many argued is more secure and decentralized. The closest thing to ETH is ETC, which is a previous version of ETH after a forked that took place in 2016 and ETC made little changes since. However, after the Merge, PoW changed to PoS which in turn changed the very fundamental basis of valuation for ETH - Real world resources such as electricity, mining rigs, manpower, rental and operation cost. ETHW, which was given to ETH holders at a rate of 1:1 also saw large selling pressure after the Merge. Think about it, you have 10 ETH and now you are given 10 free ETHW, coupled with an vibrate marketplace created by existing Exchanges, most people will choose to sell their ETHW because it comes at zero cost for them. This Godsend freebies and also the lack of buyers in the market could explain why price of ETHW dropped notably steeper than ETH and ETC. Moving Forward It is evident to say that ETH miners did not stop their operations and wind down their businesses because of the Merge, it is just not economically sound because the infrastructures are already in place, switching to mine either ETC or ETHW will make more business sense as long as mining remains profitable. As for ETH, their long term roadmap seemed unchanged and carried out as planned. Next upgrade will be the introduction of Sharding and this will greatly increase the Transaction Per Second (TPS), making ETH more scalable. For further reading about this ETH roadmap, you can go to their Ethereum official page. Closing Thoughts.. Overall, I think the switch from PoW to PoS is a sound move as it is in line with ETH's vision of becoming the world's super computer and requires higher scalability. On the short term, I am bearish on the price of ETH until the world is ready to transit and embrace blockchain technology on a wider scale. There are many projects that are direct competitors of ETH and they started off on the PoS route at the very beginning and had went through many improvements and upgrades. Their community validator node bases are also stable and mature, they can seriously contend with ETH. ETHW has dropped much more than ETH and ETC, it could be a leading indication that ETH and ETC still has room of price correction, or ETHW is lagging behind the two after a serious selloff of the free airdrops and looking at a sharp price rebound, which I think the former is a more likely scenario.
by TradeWithWayneYia
ETHW Short TargetWe previously posted our idea about how ETHW would likely be pumped and how we would plan to short the top rather than riding the pump. We think riding pumps is usually riskier than simply shorting them at the peak. Anyway, we can see that the price did NOT form a Scam Top yet. This means that it *probably* didn't peak yet. Now, it does not *require* a scam top to peak, but it is very likely that this will occur. Because of this, we are not short yet. We are waiting for the price to make a terminal leg upwards, clean out all the shorts, and then start really tanking. We might not ever get a fill on our shorts, and that is okay. We will be patient, and more opportunities are always right around the corner. As much as we try to forecast it, the price can do whatever the market manipulator wants. If he wants to make it peak out at 14 bucks, who are we to argue?
Short
by bowtrix
5