Looking at the 10-MA vs 30-MA we have a negative signal for ETHUSD. The STOCHASTIC is negative as well on daily chart, and it feels we should move lower.
Strategy SELL current $ 4,070 for a move towards FIBO retracement values $ 3,300 > 3,000.
Stop-loss I feel maybe around $ 4,350 for now.
The medium-term view is unchanged, and feel strongly we will see lower levels in coming weeks. $ 3,650 area is expected, and perhaps even below $ 3,000.
The short-term picture is little muddled, and judging the Kagi possible change, may suggest we will see little bit higher $ 4,700 once again, before going lower. The DMI shows the tendency of lower ETHUSD....
Ethereum (ETHUSD) has just printed a bearish five-wave impulse sequence. This indicates that the current trend is to the downside.
Once the three-wave correction is completed, the price should resume lower in wave 3.
Expected to 2600/2700
Burada yer alan yatırım bilgi, yorum vs. yatırım danışmanlığı kapsamında değildir. Burada yer alan ve hiçbir şekilde yönlendirici nitelikte olmayan içerik, yorum ve tavsiyeler ise genel niteliktedir. Burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.
As we see ETH/USD close the daily candle of 8th August 2021 is red candles, we have resistance around 2950-2965, and heading to strong support around 2840-2865
Trading plan on 9th August 2021
Short ETH/USD 2950-2965 Sl 2985
Target TP: 2840-2865
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...
ETHUSD 4H-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for Etherum
My idea is that ETH In the short term, it will continue to decline
Real support is between 250 and 240 It would be good to test it (the goal of breaking the wedge)
I hope my idea is clear
Support me by like and share
ETHUSD reversed from resistance and breakout of daily ascending trendline and support zone.
Price has been retracing the sell-off and currently retested the swing level correctively.
Price has the potential to move lower toward the support zone at $250 once we breach the green lines and flag channel.
Keep your eyes on this!
On D1, the cloud is directing upward, indicating an uptrend.
Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 50%.
At H4, the cloud is directing downward, indicating to price correction. The RSI of H4 is in the middle of the range..
We recommend buying when the RSI reaches an...
At D1, the Ichimoku cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
We recommend buying when the RSI reaches an oversold level on the H4 and selling when the RSI reaches the overbought.
At H4, the cloud is directing downward, indicating a downtrend. At H1,...
Ethereum is currently trading in a Important Resistance area!
If it breaks upside the resistance it will go more higher up to 290$
But, If Ethereum can't break through this resistance and breaks the trend support, we can see Ethereum again in 150-160$ level.
We can also see a bearish divergence in RSI, it's not fully confirmed yet! We need to see how the...
Ethereum is trading inside a bearish channel, now price is near the resistance of the channel | If price can't break through the Resistance and can't stay above the trend resistance then we can consider initiating a short a position. The trend is already bearish.
Risk Reward Ratio (RRR) = 1 : 4
If we take a look at ETHUSD price level, we can see that 203.20 has a strong support level there. Many movements have been rejected or fakeout at that support level but we recently see a strong breakout in that price level. This bearish movement was a large volume, breaking that strong support level as well as the trend support level (Green Line). I will say that...
I think investors should pay attention to death cross that took place in Ethereum a while ago, in this context, the possibility that the trend might reverse for Ethereum should not be ignored..
Death cross can have an effect like a short upward movement firstly and a deep correction phase for a long time.. In the technical indicators, the T3 curve may return to...
Ethereum is trading inside an ascending channel for more than a month but there is a main downtrend and this will act as resistance now and there is a main Horizontal Resistance area of 192-200$ and price is near a Pivot Resistance.
So, we can say Ethereum is trading in a very strong Resistance area so a minor correction must occur in this level. RSI bearish...