ETHUSD - Buy, 15m
Entry - 3400.05
Stop Loss - 3470.05 (30 pips)
Take Profit - 3500.05 (100 pips)
ethusd hold 3470.05 support today.. and a descending triangle pattern seems to be broken.. im entering a long position.. and will go to test next resistance 3470.00 and lets see!!
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.
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
While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
A trough is formed in daily chart at 1719.100 on 07/20/2021, so more gains to...
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.
". There is a possibility of temporary retracement to the suggested support line (1916.5).
. 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...
This is an updated cleaner chart to my original ETH post on 4/3/2021. A weekly close above this historical resistance would be very good this weekend.
Click the link/chart for the original post:
Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.
1. Fibbonacci Retracement Completed at on 24 March 2021
2. Market impulse up from 24 March 2021 - 3 April 2021
3. Sideways movement (Consolidation) in progress expect a huge movement soon
4. Market is expected to hit 2500 - 2600 which is at Fibbonacci Expansion level of 1.618 (Golden Zone of expansion take profit)
ETH Market Update
Price testing this level as support now. In my opinion ETH can pull back and continue uptrend. If this will happen, we will have good chance to open long position. Next resistance (2045.00) can be our target.
At this point, Ethereum is trading slightly under its all-time high (20% not being so much in the crypto world) and, simply looking at BTC after breaking above its ATH we can see that it doubled its value pretty quickly. Furthermore, we are in an extremely strong bull trend when it comes to crypto and I expect this to continue for the first part of 2021.
On H4, the price found support at 320, where a divergence was formed between the price and the RSI, indicating a temporary end to the downside movement.
An upward impulse is formed on H1, which portends a possible continuation of the price growth.
We recommend buying at localy price correction to the levels 340-330 (and when RSI will reached oversold level)in...
Around 309.00 area price got rejected twice and formed a Double bottom and bounced back from this level
Currently the price is above .236 Fibonacci retracement level. In 4 hour timeframe we are expecting a bullish engulfing candle. And its also reached a price action level and previous lows may turn support for the bear
Series of Higher high Higher low...