empty
28.05.2021 09:17 AM
Ethereum forecast for May 28, 2021

This image is no longer relevant

1. Volume analysis of ETH/USD from Binance

2. Long-term trend analysis

3. Mid-term trend analysis

4. Short-term trend analysis

5. Japanese candlestick analysis

6. Conclusion

7. Statistics

1. Volume analysis of ETH/USD from Binance

The analysis is based on the traded volume data on the daily chart from the Binance exchange. The analysis is carried out based on the footprint-profile theory. According to the theory, the intraday movement of the highest traded volume level can indicate the likely direction of the trend. The highest traded volume is the level with the largest number of transactions carried out. That is, it is the level of major market players. Thus, if the highest traded volume goes up, it indicates a bullish trend. Otherwise, if the level goes down, it indicates a bearish trend. Chaotic movements signal that the market is flat.

26.05.21 – the level of the highest traded volume (POCPointOfControl) – 2,796

27.05.21 – the level of the highest traded volume (POCPointOfControl) – 2,694

The POC has moved downward. The price is below the POC. The market is in the bearish trend. Short positions can be considered.

2. Long-term trend analysis

A trend is your friend. Many traders are aware of this saying but do not know how to use it. The answer is simple: trade only with the trend. Thus, your trades will be more profitable and less risky. According to the classic Dow theory, there are three main trends:

long-term

medium-term

short-term

These particular trends should be analyzed before you enter the market. Now, let's take a look at them.

The long-term trend is the daily trend. In this case, trades are conducted on the daily chart and are held for several days. The analysis of the daily trend is made with the help of the 48-period exponential moving average (EMA 48). If the daily candlestick closes above EMA 48, it will indicate the bullish trend, and long positions can be considered. Otherwise, if the daily candlestick closes below EMA 48, it is the bearish trend, and you should enter short positions.

This image is no longer relevant

The price is in line with EMA 48. It is a sideways long-term trend. That is why you can consider opening short and long positions.

3. Mid-term trend analysis

The mid-term trend is the one on the 4-hour chart (4H). In this case, we will analyze the trend by using EMA 48. If the candlestick closes above EMA 48 on the 4H chart, it will indicate the bullish trend. Thus, you should enter long positions. Otherwise, if the candlestick closes below EMA 48 on the 4H chart, it is the bearish trend. Consequently, you should enter short positions.

This image is no longer relevant

The price is in line with EMA 48. It is an sideways mid-term trend. You should enter long and short positions.

4. Short-term trend analysis

A short-term trend is the trend in the H1 time frame. Moreover, it can show an entry point into the market. We turn to EMA 48 again. If the candlestick closes above EMA 48 on the H1 chart, it will indicate the upward trend. Thus, you should enter long positions. Alternatively, if the candlestick closes below EMA 48, it will indicate the downward trend. Consequently, you should enter short positions.

This image is no longer relevant

The price is below EMA 48. It is a bearish short-term trend. You can sell the instrument. The long-term trend, the mid-term trend, and the short-term trend are not in line.

5. Japanese candlestick analysis

A classic Japanese candlestick analysis is applied to the daily time frame. The daily candlestick is analyzed.

This image is no longer relevant

The black daily candlestick has closed downward. Its extreme points are within the extreme points of the previous candlestick. The candlestick has a small body and short shadows. Based on Japanese candlestick analysis, short trades can be considered.

6. Conclusion

  1. Volume analysis – SELL.
  2. Long-term trend analysis – BUY/SELL.
  3. Mid-term trend analysis – BUY/SELL.
  4. Short-term trend analysis – SELL.
  5. Japanese candlestick analysis – SELL.

Conclusion: You can buy and sell ETH/USD on May 28, 2021, as various analyses provide different forecasts.

7. Statistics

To analyze how effective this approach is, the data on completed transactions is tracked. The forecast is made for four instruments: Bitcoin, Ethereum, Litecoin, BCH/USD. Gains for 3 months: 10.49%. Drawdown: 4.88% Statement:

This image is no longer relevant

I do not open new trades due to market uncertainty.

The risk per trade is 1% of a deposit. A Stop Loss for new trades is placed beyond the daily extreme points. We do not set a Take Profit because we will continue to move a Stop Loss above the extreme points of the upcoming sessions.

Since trading is carried out on daily charts, this recommendation is relevant throughout the day.

Trade with the trend and generate profits!

Maxim Petrov,
Analytical expert of InstaTrade
© 2007-2025
Earn on cryptocurrency rate changes with InstaTrade
Download MetaTrader 4 and open your first trade

Recommended Stories

Bitcoin. 23 mai. Analyse du Smart Money System

Bitcoin continue de former une structure de tendance haussière. On pourrait se demander s'il y a de réelles raisons pour une nouvelle tendance haussière en ce moment, mais le graphique

Samir Klishi 20:04 2025-05-23 UTC+2

Responsable TRUMP : communauté crypto, manifestations et politique

Dans la soirée du 22 mai 2025, un événement unique a eu lieu au Trump National Golf Club en Virginie — un dîner organisé par Donald Trump avec les plus

Jurij Tolin 16:49 2025-05-23 UTC+2

Analyse technique des mouvements de prix intrajournaliers de la cryptomonnaie Doge, vendredi 23 mai 2025.

Il semble que le mouvement des prix de la cryptomonnaie Doge sur le graphique de 4 heures se situe au-dessus de la WMA (21), qui a une pente ascendante

Arief Makmur 09:04 2025-05-23 UTC+2

Analyse technique du mouvement intrajournalier des prix de la cryptomonnaie Ripple, vendredi 23 mai 2025.

Si nous regardons le graphique de 4 heures de la cryptomonnaie Ripple, il semble évoluer au-dessus de la WMA (21) qui présente une pente raide et a réussi à dépasser

Arief Makmur 09:04 2025-05-23 UTC+2

Prévision du Bitcoin pour le 23 mai 2025

Jeudi, le prix du Bitcoin a atteint le niveau cible de 111,770. L'oscillateur Marlin semble être à la traîne par rapport au prix, laissant entrevoir une possible divergence — bien

Laurie Bailey 04:45 2025-05-23 UTC+2

Le Bitcoin vise-t-il les 120 000 $? Qu'est-ce qui se cache derrière sa montée et quand s'attendre à une correction

Le 22 mai, le Bitcoin a franchi avec assurance le seuil de 111 888 $, établissant un nouveau record historique de 111 867 $. Contrairement aux précédents rallyes caractérisés

Ekaterina Kiseleva 16:12 2025-05-22 UTC+2

Bitcoin prolonge son rallye confiant

La demande de Bitcoin semble être en forte hausse, à en juger par ses performances récentes. Au moment de la publication, la paire BTC/USD se négociait autour de 111 200,00

Jurij Tolin 16:02 2025-05-22 UTC+2

Bitcoin : 115 000 $ — Prochain objectif ou piège haussier ?

Le Bitcoin se rapproche progressivement de son record historique et, selon plusieurs analystes, il est sur le point d'établir un nouveau sommet. Les niveaux actuels, avoisinant les 105,000 $, représentent

Ekaterina Kiseleva 00:58 2025-05-21 UTC+2

Analyse BTC/USD le 20 mai 2025

Le modèle de vagues sur le graphique de 4 heures pour BTC/USD est devenu plus complexe ces derniers mois. Nous avons observé une structure corrective à la baisse

Chin Zhao 11:11 2025-05-20 UTC+2

Analyse technique du mouvement quotidien des prix de la cryptomonnaie Ethereum, vendredi 16 mai 2025.

Si nous examinons le graphique de 4 heures, la cryptomonnaie Ethereum semble évoluer au-dessus de la WMA (21) qui sert de support dynamique, où la WMA a une pente ascendante

Arief Makmur 06:09 2025-05-16 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.