Price failed to fully form an inverted head and shoulders pattern.
On the 4H timeframe, the price broke the downtrend, re-tests, but does not go under it.
I expect a rebound to the resistance level indicated on the chart.
The price is approaching an important resistance level.
Local overbought after the pattern of a cup with a handle and continuation of the trend.
I expect a further bounce from the resistance level to the indicated support levels.
Quick #bitcoin and #crypto update to let you all know what my thoughts on #priceaction for today is looking like. Bottom line ...the #bears need more than this before I truly become #bearish.
🏛ETH_USD bounced off a strong support
And I am expecting a further move up soon
However, locally, the pair has reached a resistance cluster
And I think that we can expect a local move down
SHORT🔥
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What's Ether looking like today? Let's look at the chart!
I am sure most of you guys out there can already tell it is not looking good. We have quite a bit of resistance above.
Let's start with the MA first. I have displayed the 50 (purple ) and 200MA (yellow), the 50 MA is well above price action, which suggests it will likely be a resistance if we decide to...
Ethereum looks short term bullish but it isn't going to last for long. We had a stop hunt above the previous high now price is trending downwards. We can see price get up to the 2444.40 level before dipping. If price gets to the 2444.40 level this will give us a head and shoulders chart pattern, a break below 2082.92( neckline) will show that price wants to...
☑️ETH_USD is trading in a rising channel
And is still in the up trend
Therefore, I am expecting the pair to go up
After it retest the support confluence below
LONG↗️
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Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1477).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1286.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Hi traders, am back again with my idea,
Just the way BTC double it new time high in less than 21 days, but which ETH was unable, and the reason was because of the upgrade to ETH 2.0 which is still under testing lunch dec 1, 2020.
IDEA,
the ETH will likely fall to $700 or even below it then will hit Straight up to $1500 (NEW ATH).
if u like my idea, pls...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (740.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/TetherUS ETHUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Price is currently testing the ascending channel resistance and printing a rising wedge pattern. RSI is also printing a Bearish divergence signal. Breakout below the wedge support could lead to dip to key fibonacci retracement levels ⬇️.
