Hi All, my main 3 take-outs from this analysis are the following: 1- ETH broke a rising wedge (in red) whose target is around 2,800. Before reaching that target though the price will face a strong dynamic support given by the 200 MA as also by the 0.786 Fibo level at around 3,130 2- The price might also ideally try to break the supportive blue trendline of the...
We are watching for aggresive sell near to these prices 4400 - 4500. Markets are very close to dive and correct bigger.
Back on our Ethereum strategy here using the EDGE trend follow script. Entry details are shown on the chart we are in a short position. Trade has been live since 15:00 UK time. Working the 45M time frame here and we're only looking for TP3. Previous trades can be found on chart one was a sell that hit TP and a buy which hit SL. No strategy is 100% right...
Since the ATH from above 4.8k ten days ago, Ethereum has started a bearish trend, with lower highs and lower lows (A correction in fact to the overall trend) and has dropped to the important 4k zone. The reversal from this low is, in my opinion, just a correction and we can expect a new leg down. At this moment EthUsd is trading just above important confluence...
Short pressure confirmed on m30 and H1 although not strong enough as it's only just beginning. Let's see how this plays out. SCALP TRADES ARE SUBJECT TO CHANGE, If there is a shift in BUY or SELL pressure we may change our bias! NOT A FINANCIAL ADVISE
ETH shows dying momentum in this almost perfect Symmetrical Triangle. MACD is shows slowing momentum with possible trend reversal. Also BTC shows some bearish signs too on Weekly MACD. If we are lucky, we could see a $2200 - $2300 ETH before it head to much higher levels.
ETH has made a rising wedge on the daily time frame with a technical target of around 2800.
Just like BTC we witnessed a solid move to the upside this week on ETH i believe there will be a change of trend soon. I'll be taking this Trade, projecting a move to 3500-2900 might be a small move but i expect big profit Lol i will sell during breakout of dynamic support level Aoc is price $3398, which is a major support zone let's see how it goes.
ETH Double top and under the all important $3k mark… Those itching to short can target $2750 and possibly $2450
i think like this good place to short ETH Target is showing of
Ethereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950. Ethereum struggled to recover above the $3,120 and $3,125 resistance levels. The price is now trading below $3,080 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance...
Ethereum has had a nice rally since it formed a double bottom, congratulations to all my followers who took the long trade setup. It is now forming a potential double top, with the neckline at 1930. The double top will only be confirmed if price breaks below 1930, and it will be invalidated if price rallies above the second top at 2025. Why follow? 1....
CURRENTLY ETHEREUM IS AT RESISTANCE AREA IF IT WILL BREAK HER RESISTANCE SO IT WLL GO UPWARD AND IF CANT SO DOWN. HOPE YOU ALL ARE FINE.
If Ethereum repeats the pattern that we saw after its peak in 2018, we might be in a bear market until August 2022, where the price might stabilize at around $850. In 2018-2019, during a period of almost 1.5 year, the price dropped by -88% until the bear market ended, which makes it not far fetched to believe that a drop by around -80% in the price can happen...
ETHUSDT is at resistance and the chances of a breakout look slim. Based on my analysis, that: 2K is now resistance 180 EMA is acting as resistance above 2K We will reenter the Ichimoku cloud and move down I have looked at ETHUSDT in higher timeframes (Daily and 4HR) it really looks bearish based on what I have seen, (Links below). I'm opening a short...
Ethereum seems to be continuing its bearish trend. We are looking at a potential short at the 200MAs, which is currently sitting at around 2240. A new pattern is now potentially forming, the head and shoulders, with the neckline at 2125. If price breaks the neckline, the target is around 2000. Hi guys, this is OG back with another cryptocurrency update. If you...
Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. There is a potential short trade coming up on ETHUSDT, key word is potential. We need to wait for confirmations before jumping into the trade. I'm waiting for...
ETHUSDT seems to have broken below the triangle against the 3K resistance. We might drop to the lower part of the range and hit the 2.2K support or even the 2K. I'm opening a short at 2.395 with a STOP LOSS at 2520. Also I'm using a trailing stop based on 2 ATR from the 1HR chart ($70) that is a 3% trailing stop.