Limit SHORT Orders for ETHUSD: $179 - $180
Stop Loss: ABOVE $181.15
Target PRice : $174.75 | $173.55 | $172.20
Reason for Trade:
Support flipped to Resistance
Trend Fib: 1:1
98% reasoning: 50-50 chance of being right. I like those odds ... It's Either Going to Go UP Or Down
Right now have to see how we gonna hold the lower bottom of our local channel. If we break it - then we have all the chances to go to the lower levels. Zones of interest and targets are on the chart. Good luck everyone!
So, globally we are having a bullish wedge on ETH and the price entered this wedge from below. By definition "the wedge" is the pattern, where highs and lows are updating and go lower or higher, depends on what kinda wedge we have currently. So, right now if the price will break a current high, which is $223.94. Then we can expect the pattern to outplay its main...
The total cryptocurrency market cap is consolidating in a small band. Could break either way really. I expect to the downside into a support level then a rally higher to test the range high where it could bounce for a few weeks then break out to the upside. This would be bullish for Bitcoin and a number of major altcoins such as ETH and XRP.
Ciao Traders !
I know this view might be unpopular, but that is what I see in the chart.
Please read the comments on the chart for a full understanding of my view and see also the previous chart of ETH i posted called "down wave completed?" for a more detailed analysis of the latest down leg
Stop believing and start analyzing :)
Happy trading to all...
Ciao Traders !
Any help with the dilemma of the circled wave 1 and 5 would be greatly appreciated
Happy trading to all !
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
RSI is oversold - local correction would be completely normal, but I expect the price to reach at least the 1st target anyway eventually. Zones of interest and targets are on the chart. Good luck everyone!
ETH broke out from bullish wedge. Now the 1st resistance is 190. The main support will be around 150. I think that the coin should at least retest the main uptrend dynamic. Zones of interest and targets are on the chart. Good luck everyone.
Welcome to another update,
This will be a quick one on ETHUSD, potential 10% trade setup!
Points to consider,
- Bullish on 240 timeframe
- Price testing major resistance
- Stochs showing downwards momentum
- RSI reaching overbought territory
- EMA’s holding price as support
- Volume is picking up
- Double bottom wicks (bulls strong in this...