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Ethubtc

#ETH/USDT — Descending Wedge & High R/R Zone#ETH The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected. The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated. There is a key support zone in green at 2912, and the price has bounced from this level several times. Another bounce is expected. The indicator is showing a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move. Entry Price: 2956 First Target: 3021 Second Target: 3092 Third Target: 3160 Stop Loss: Below the green support zone. Remember this simple thing: Money management. For any questions, please leave a comment. Thank you.
BINANCE:ETHUSDLong
by CryptoAnalystSignal
ETH/USD - Bearish break of wedge. Back on support! 😐Ethereum has set another all-time high this week at $4,868 and increased slightly. ETH is currently sitting on a clear uptrend and has formed a large bearish wedge which appears to end just above $5,000 (in blue). This is also the place where ETH has key resistance at $5,075. Therefore, the current rally may be stopped by the bears at that level, even if temporary. If this scenario plays out, ETH might pull back towards $4,500 before the rally can continue. This is also supported by the indicators, where the daily MACD did a bearish cross today. This is not good news for the bulls as it indicates the possibility of a correction in the future. Nevertheless, it’s looking more likely for ETH to first test the resistance before any sharp rejection. Looking ahead, ETH is one of the strongest performers this year, therefore, this could continue in the future. It remains very bullish on higher timeframes, despite any short-lived pullbacks. So long as the overall crypto market remains bullish, ETH can continue to make higher highs. Like and follow if you liked my idea!
BITSTAMP:ETHUSDShort
by duonine
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