Price formed a clear ascending trendline (slashed in white), RSI is above 60 plus recently MAs are slopping up.
I would expect bears to fight at resistance around 380 €.
A break below the trendline will be a weak signal.
💎Technical Analysis Summary💎
-ETH broke above the local resistance around 360s
-But the next key resistance around 390s remains strong
-If you are looking for Bullish entries
-ETH must break above 390 and pullback to flip new support
-If that plan plays out well, the upside target is the swing top at 480s
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The chart is simple and infront of you
Since last march drop we see ascending channel formation
As long as we are in this ascending parallel channel eth holders are safe
You can see every time we down to the bottom of channel... Strong buyers 💪💪 come to defend this channel structure
There are some resistance located between 370-410
Once break it...
💎Technical Analysis Summary💎
-Ethereum has seen weakness after creat two Lower Highs and Lower Low
-We can also see a trendline resistance keep the Bears in control
-If ETH will keep pushing down, the potential strong support is at 29k-28k sat
-But if the trendline is broken up, I recommend to buy the breakout or pullback
-The price could...
Eth have some strong resistance between 390-400$
Once break which expected to happen soon
We can see 440$ in short term
You can see my previous idea on eth/usdt in long term here published in 10 October
We already bought it at 367 and waited for...
Ethereum - We look to Sell
We have seen this rejection of rallies again overnight with 355 becoming a formidable barrier.
However, with the intraday chart now highlighting l ower highs we are possibly forming a descending triangle pattern.
The bias is still for lower levels and we look for any gains to be limited .
Our outlook is bearish.
ETH has broken away from it's 2017 fractal structure, now suggesting a return to the norm of the VPVR point of control around €188 ($221) may be in play. Expect the 150 MA at €274 ($322) to be defended if price falls lower, as well as the old resistance level of the 2-year long resistance trend-line, followed by volume and long-term moving average support within...
-Ethereum tested the upward trendline of support
-We saw a good bounce from 307 up to 391 dollars
-So the uptrend still valid during this time
-But the Bulls must defend the local support around 330 dollars
-Where the trendline coincide and the 100D dynamic support
-My Daily period bias is still with the Bulls
-As long as this trendline of...
Ethereum hase broke out yesterday and i longed it. This morning i closed my trade and waiting atm for another outbreak. I closed my trade bc rsi is showing a nice divergence to the actually price.
So stay safe :)
Hey guys :)
Back with an Update about Ethereum. Ethereum is loading up for a bigger volatility, while RSI and MACD has bottomed out for the moments. Let us wait for more confirmations in the next days.
Have a nice day
Hi, just as simple as I could explain, we are in middle of retracement which has only one purpose, to make retail investors forget about the downtrend and start thinking that bull run resumed.
How I trade this:
- I entered long around 300 EUR
- Will Hold my ETH until 325+, then go full cash and wait for short opportunity.
- I expect few big spikes to lead around...
We are ready to introduce to you a new possible long idea that may be worthwhile taking for the intraday traders. We are seeing three fantastic technicals that might possibly lead us to a slight relief bounce:
1. RSI bullish divergence
2. Descending Parallel Channel
3. After a 15-16% drop within the past 24 hours, we are still seeing a higher...
-Ethereum is pulling back to the average after the recent BTC dump
-There is still -5% downward potential before it touches the major support
-The $400 area of support is a confluence of previous resistance, .618 Fib, and 100MA+200MA
-If ETH gets to this level, wait for any price reaction or rejection in here
-This will give you bias that this area is...
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Ethereum is heading to the upside after breaking the symmetrical triangle several weeks later and on its way to the price of $ 591, it may exceed this price if the resistance is broken. BTCUSD ETHUSD EURUSD
Here is the full analysis for this pair, let me know in the...
Ethereum is currently painting a possible large head and shoulders pattern that could lead to lower prices if bulls are not able to secure this area. A head and shoulders is created when we see a large inflation in price after a small consolidation, then a large drop, which is then followed by another consolidation phase.
We believe that if played out correctly,...
In our previous update, we have mentioned a possible ascending wedge that may have secured the psychological support at $400 USD; however, with Bitcoin confirming a change in trend with a clear bearish divergence, Ethereum is now following the footsteps of Bitcoin's price action:
Our pivot point stands at 427.29.
The upside prevails as long as 427.29 is support.
The downside breakout of 427.29 would call for 418.26 and 412.89.
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs...