4h time frame
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ETH hit the resistance from downtrend line which is the top of a falling channel. ETH stays longer than previous times it reached this downtrend line, this is a sign shows comparable strong information. Therefore, ETH has high possibility to break out this channel, and we can have higher target like 2000 and 2200 if break above the structure....
Here is my analysis for ETHUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
4h time frame
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ETH is creating a falling wedge since 17th April, and just got bounce from wedge bottom at 1520
Assuming ETH is keeping satisfying this structure, then we can set target at wedge top around 1850. Also, 1850 is the 0.382 Fibonacci Projection, which is the PRZ and have possibility to bring ETH down to 1300. Therefore, we can set a trading plan...
BINANCE:ETHUSDT idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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"Hey GUYZ,
Finally, after being locked out for a whole month by TradingView, I'm back.
I've spotted a short position on Ethereum in the 5-minute time frame, with specific price ranges marked on the chart.
Don't forget about capital management.
Please introduce me to your friends, and, of course, check out the bio on my account."
1h time frame
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ETH just broke this falling channel, and it did that broke with a V shape in 15 time frame, refer to our analysis on Bitcoin, doing long is better now.
Next, 0.618 and 0.886 Fibonacci Extension assist us to set targets at 1695 and 1734.
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TP: 1695 / 1734
SL: 1610
Here is my analysis for ETHUSD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
For the short term view, we think price will be bullish up until $1880 region. At that point price will drop for the last time before it the trend changes.
Here is my analysis for ETHUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
2h time frame
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ETH completed trend breaking, and the clear support is 1608(yellow line)
According to the continuation possibility and support price, we can set up a trading plan, WHICH target is the reasonable PRZ and also the position that BTC's potential right shoulder top.
TP: 1840
SL: 1599
4h time frame
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This market tends to fall in near future, but cannot make a huge dump without a continuation structure. Therefore, ETH is creating a potential rising channel or can be defined as a bearish flag, which will provide more momentum for further dump.
It's not hard to realize due to concept about "Stop Hunting", market always tries to liquidate as much...
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
H4 - Bullish divergence
Most recent downtrend line breakout.
Expecting short term bullish moves to happen here.
H1 - Higher highs.
No opposite signs.
Until the two strong support zones hold my short term view remains bullish here.
3D time frame
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From previous analysis, we see a potential bat harmonic pattern, which will bring ETH to 1200 by December
In this analysis, I provide another harmonic patter on ETH - shark structure.
With this shark harmonic pattern, we need to see the last pump to 2215 in near future.
Then start a pullback until 1200.
As always, get ready to seize ETH below 1200!
Hi guys, With the breakout and a close above the resistance level I marked on the chart with a red line, Ethereum can potentially grow towards the specified targets on the chart.
I would be happy to hear your opinions and thoughts on this.
