Ethereum seems to be continuing its bearish trend. We are looking at a potential short at the 200MAs, which is currently sitting at around 2240.
A new pattern is now potentially forming, the head and shoulders, with the neckline at 2125. If price breaks the neckline, the target is around 2000.
Hi guys, this is OG back with another cryptocurrency update. If you...
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...
This is something what I watching atm for ETHUSDT.
Will post screenshots for possible long here (even from this level) but prefer to come to better buy zone with solid SL and very good R:R.
Anyway if I see run from ETHUSDT to that level where is strong confluence, golden pocket high to low, possible 1 to 1 extension and Crab harmonic pattern (appears often in...
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...
In my previous analysis, I said that 3k should provide a strong ceiling for Ethereum, and rallies towards that zone should be should.
And, indeed, we had a rebound for EthUsd. However, the rebound was weak and without conviction.
At this moment Ethereum is trading just above local support and a break here should accelerate losses and expose 2k and 1.8k...
ETH/USDT is giving both buy and sell signals on the 4H and 1D chart. The effect of the news on ETH and crypto forecast will be majored.
We have to wait for Ethereum price to break even 2K or 3K to short or long to 1K/4.5K accordingly .
Time frame: 4H
In a calm market trading sideways is quite boring.
In the other hand is exactely there you learn to trade with disipline.
Learn to setup the chart, Analyse, set a target, always a stop limit and stick to your strategy.
If all this is stresful for ya, you are not made for this profession.
Now Eth has broken the bullish triangle and actually...
Price has broken the Trend Line, and Short position should be triggered after retesting the Broken key area of 2680-2660.
This is not financial advice.
ALWAYS DO YOUR OWN RESEARCH - NEVER TAKE THE WORD OF OTHERS AS A GIVEN!
Good luck, people! I wish you well.
Because to me it looks a lot like we all thought we spent the past couple weeks trying to bounce back from this dip but in reality we just made the pattern for our next gigantic dip. Target ~$1,500. Pray to whatever God you believe in
On the 1h chart, I found huge resistance in around 2920 areas, and the bullish momentum also weakening.
A divergence made on MACD and RSI as well and the price made triple top. So I found that's a great SHORT opportunity.
Entry SHORT - 2800
Take Profit 1 - 2406
Take Profit 2 - 2234
SL - Initial 2990, after that use trailing stop loss.