Ethereum is looking for a push up this Friday. Look for a close above the trend line. If ETH can hold this close, look for a drop back down to the support and if support can hold ETH will move up to the 1700 range before meeting resistance.
IF we go below the $1700 level I think we will have a sharp decline to the $1300 level. There is a lot of liquidity below the $1700 levels which has been building for some time.
➡️ According to Datamish, over the past two hours, some large investors or organizations have borrowed about 1500 bitcoins to open short positions on Bitfinex. As of the current moment, the exchange has issued 3063 BTC on credit, and the vast majority of shorts are unextended.
The creation of a large number of short positions signals the upcoming dump of the...
Prices are on bearish momentum and abiding to our descending trendline resistance. We see the potential for a sell entry at 2976.21 in line with 61.8% Fibonacci extension towards our Take profit at 2346.56 in line with 100% Fibonacci extension. Prices are trading below our ichimoku cloud resistance and RSI is at levels where dips previously occurred, further...
Two things to watch for when we are in a bull cycle waiting for an alt season to begin, are:
- BTC dominance weakening/consolidating after a sharp rise
- ETH/BTC becoming stronger. When ETH starts outpacing Bitcoin, this is generally a sign that we are on the brink of an alt-cycle.
As ETH is currently flirting with the 200 MA and the green support area, this is...
Published this way back around 1400$ on twitter, but ETH is still following the BTC 2017 fractal.
Off course the moves won't be the exact same, especially with black swan events like COVID, but I tried to illustrate this as simple as possible.
What I'm expecting next:
- 6k in September
- 4k retest in October
- 10k in November
- 20k+ in February at the end of...
Ethereum, now the price try to get stability for upward, so actually ethereum can got it the stability above it, i think will growth to get all targets.
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Tendency: upward
Entry: above 2281$
Tp.: (2452) & (2625) & (2855)
Sl.: under 1700
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We have to watch for any movement that deviates from the 1997.19-2236.59 section.
If it falls, you need to make sure you get support from 1917.39-1997.19.
If you decline...
In the previous article, we have mentioned that the weekly TF of BTC is constructing a W bottom formation.
The neckline is located at the Fibonacci 0.5-0.618 retracement level (11500-13480),
Retest the neckline is the entry point for long orders.
Back to the chart,
The chart shows the weekly TF of ETH,
You can find that ETH has completed the neckline retrace at W...
Hello Traders Investors And Community,
Welcome to this update-analysis where we are looking at Ethereum 2-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation appropriately. Ethereum confirmed the significant confirmational-cluster I mentioned in the previous...
I'm still LONG on ETH, especially in the medium term 1-2 month outlook is very bullish. Could see a short term pullback here if the $400 resistance isn't taken out. I'm still buying dips.
The $200 level is important to me.
A break down will open a bearish trend.
I'll wait for the downward movement.
Scenario change:
Break-down level is $ 205.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
as i said , we just need to touch the support line for break the resistance line
for now it looks that the support line has been broken!
but the rsi and macd at 1htime frame , showing the buy zone
so it seems that we need to do some risk at this moment
buy at 190USD and set stop for 185 ( bcz the 185 is the strong support)
i think after the halving we see a hammer...
