Since the recent 4k top, EthUsd is in a downtrend
In the last 10 days, the cryptocurrency has traded in a range between 3200 and 2750, and, in my opinion, the break will be to the downside.
3200 acts like strong resistance at this point and only price above this figure would mean that the trend has changed
My targets for short selling are 2750 followed by 2300 zone
Ethereum did a great job moving upwards to $4000 since last week.
This move started from $1800 in late July and now seems like finished near $4000.
I can say price certainly needs rest. Might face a few road bumps before continuation, so take a step back and follow price action closely.
On chart I located important supports and resistance trends and...
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Are we still in the middle of the road, can we see more price? I have to say yes, my forecast is $ 6,000 to $ 8,000 by the end of the year. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
Finally Crypto good days are back.
ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back.
I have highlighted the area of value which could be a good option to go LONG.
It will need to break current Resistance at 3189 before continuing its journey up.
From 1700 bottom, EthUsd has risen around 80%.
At this point, the coin is facing strong 3200 resistance and a correction would not only be healthy but is also probable.
My target for this correction is 2600 support
1)touched the support level and started to bounce back(check today's candle)
2)price action analysis(check the chart)
3)yellow ema line has started to indicate down
2nd support level will be our take profit
as you can see i decreased the number of pips in profit because we want to hit our take profit perfectly without the market bouncing back
Welcome back Traders, Investors, and Community!
Hi Traders, ETHUSD on D chart is getting close to the end of Triangle, if we get a breakout on the lower TF we can look for entries. It might go down to 1705.70 before it goes higher.
⬆️Buy at Resistance Breakout or Buy at 1705.70
⭕️SL @ 1552.87
✅TP1 @ 2410.00
EthUsd has dropped again to support zone, and a lot are asking if this support is strong and if Ethereum will turn from here?
In my opinion, as in other crypto coins cases, for support to hold it would be too damn simple, and, to be honest, I expect a steep drop under.
Rallies above 1800 should be considered good opportunities for sellers and the next 1400 support...
". There is a possibility of temporary retracement to the suggested support line (1900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
On the ETHUSD daily time frame, we can see it's now trying to break out the support level, but before that, ETHUSD must make some correction upside. We can see it already creates an ABC pattern where the C is still unfinished. So, we are going to open a Buy call here and expecting to fill the C level.