ETHUSDT has broken below the Support and on the 4H and 8H has been rejected multiple times from a major Resistance, Now it's at the minor Support area which means it might get a pullback for the 5th time to the Resistance for a retest before it moves down to 2240.23. We need to see the price action on the lower TF carefully to see if there is any good entry for a...
ETHUSD, like BTCUSD, is giving me the momentum candle I was looking for, confirming bearish price action....if the candle closes in this fashion! It could confirm the sellers are still in charge, and price will likely continue bearish. The fact that it is breaking back into the triangle structure is pretty telling.
Confirmation needed! No confirmation, no...
Bitcoin is pumping at the time of writing this update almost, $41,300 and ETH trading around $2600.
I expect ETH to break the tringle very soon.
Once this happens ETH will be ready to push above the 3K AND EVEN 4K LEVEL.
All that it needs is to hold the 21D and 50D MA levels.
Accumulating ETH between $2400 to $2600 is a good investment IMO of course if you...
After 2 days of declines, eth has been trying to get up since yesterday afternoon. The fight is now for the resistance at 2500, which once overcome would open the way to 288-2900. Long moderate for Eth today!
After reaching the blue box, you can think of buying (scalp only)
The best point to return from my point of view is $1297
In the next four hours, we have a pullback from the two areas of falling towards the targets, these areas are all pullback and collecting Sell positions
I just sold my ethereum - ETH/USD multi-timeframe analysis and historical backtest pattern.
the same pattern was in 2018!
and it repeats itself in 2021!
so I decided to sell my ethereum right now and follow the strategy of "W" formation.
that doesn't mean ethereum will continue down to be zero!
I'm trading not investing .. a big difference.
I just want to earn...
Bulls will retest the $2500 to $2645 resistance zone. If they manage to do that then first target to watch is $2745 and then $3000. Bu if they fail then ETH may consolidate for few days in between $2040 and $2500.
I was bearish crypto market and Ethereum for this fact, but I said multiple times:"trade what you see, not what you think", and when it comes to EthUsd I don't see bearish price action, on the contrary.
Indeed, here also we had a sell-off, but we don't have lower lows like in Btc for example. What we have is strong reversals each time the cryptocurrency is close...