4h time frame
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ETH creating a potential bearish harmonic pattern_crab, which utilizes 1.618 Fibonacci Projection of the XA(1745.84~1531.08), the calculated PRZ(Potential Reversal Zone) is around 1880. Also, range 1839~1933 is the resistance zone we talked before, which is made of 0.618~0.786 Fibonacci Retracement, and there is the S/R, too. In conclusion, 1880...
👀We have maintained 199 days of adjustment in a large double-top structure, and now we are being squeezed into a narrow range of movement that may pump out a powerful rebound action when we are compressed to the extreme.💥
🚀The strength of the rally is related to the liquidity we have collected, so I think it is necessary to sweep the early lows to gain sufficient...
⚔️We made two upward attacks to no avail, and a double top structure was formed, which overall looked like an M shape.
🧠If we want our upward attack to be successful, then we need to move downward to gain the liquidity to move upward.📉
And it also gave a short signal according to my RSI trading system.📉
let's see👀
🤜If you like my analysis, please like 💖and...
BINANCE:ETHUSDT
According to my 4-hour ETH analysis, the price is hunting the stop-losses of the previous low-low, and is now consolidating in the 1620-1630 range. The price is expected to move upwards to hunt the liquidity of the upside, as there has been a massive lower-side rejection at the 1611-1598 level in the last 4-hour candle. This indicates that the...
Timeframe: 15 MIN Trade Signal
#Forex #ETHUSDT.P #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal
Hey traders! 👋 Let's dive into a potential trading opportunity on the ETHUSDT.P pair using technical analysis. 📊
📉 Previously Bearish Trend:
Firstly, on the 15- timeframe, we've been witnessing a bearish trend in the ETHUSDT.P pair....
We once again found this familiar Breakaway PATTERN on the 4H drawing. Generally, the appearance of this model is accompanied by a reversal.
And we have retraced to around fib0.5. If the response to the buy zone is good, we may rebound here and go to the sell zone.
If there is no HOLD in the buying area as support, then the decline will come again.☕️
let us see👀
🚨Please note that BTC, ETH have fallen below the main wedge support line, and the decline may be completed before the death cross appears, because the indicators are delayed.
Let's see where they go👀
☕️There is not much trading volume on weekends, and the long and short forces are evenly matched, so a symmetrical triangle is formed. Generally, the power to break through this pattern will not be too weak, so please use the necessary risk management✔️💯
📌Don't forget that we are moving within a rising wedge channel. This pattern usually ends with a decline.📉
let us see👀
4h time frame
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ETH creating a potential falling wedge, also a continuation structure
This wedge can be confirmed if go up and reject at 1750~1789
There will be a great price to set short plan, and target is lower 1450
Stay prepared for it
4h time frame
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According to the huge rebounce today, ETH has high possibility to retest the uptrend which just got broken om August 18th.
Also, there are two reasonable retrace levels and corresponding targets.
Retrace 1733 --> Target 1419~1366
Retrace 1846~1866 --> Target 1253
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The targets are matching with our previous harmonic analysis
Entry $1831
Stop $1739 (-5%)
Take profit $2794 (+52%)
Potential profit/loss ratio = 10.5/1
So far, the ETHUSDT price is in consolidation in a strong liquidity zone. After the price fix is above $2020, growth may accelerate.
Do you like this format of ideas? Write about it in the comments.
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My Friends.
• The future includes infinite possibilities. Out of all the possible outcomes, I chose three scenarios that are, IMO, the most likely. Of course, I cannot predict the future. I would ask you to consider these scenarios as an exercise and I would appreciate your feedback and suggestions.
• In this post, I am looking for possible long trades, beginning...
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
TLDR:
• Currently ETH is sitting at support. I think it is weak, but I don’t short support. For all I
know, it can turn around and resume being bullish.
• If ETH breaks below the trendline and tests it as resistance I will short.
• If ETH will break below the trendline without a retest, I will wait for a break below the
horizontal support at...
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I have tried my best to bring the best possible outcome to this chart, Do not consider...
Generally, ETH does not inspire me with confidence for the following reasons:
1. ETH is forming a Rising Wedge pattern. This pattern usually breaks to the downside.
2. On the daily TF, ETH is forming a bearish divergence on the MACD. However, the RSI doesn’t show a bearish divergence.
3. On July 14th, ETH deviated above resistance and was rejected. This makes me...
