Price is showing very slow movements. MACD is not clear, RSI and EMAs are neutral. We should expect more liquidity coming into next week and price should tap into the 2h supply at $1,625 before potentially moving down again.
Ethereum is trending down in the long term, but in a range that calls for long-term buys, buys of one year or more.
In smaller times, it has also reached the supply range, but its approvals have not been done yet. If it falls below the trendline, on its pullback, you can short a downtrend trade.
Hello Noobpies.
This recommendation may not seem like it will hit TP but I am pretty sure it will
Take profit is the 50 fib level which is around 1591.00
Stop loss is a break of the 1 hour low which is around 1530
Hi dear traders
As you saw in the previous analysis and we expected, the price returned from 1637$ and we opened a short position.
We achieved the first target of 1550$.
The price is still moving below the 100 EMA with low volume.
The next goals have been identified.
Earn profit after reaching each save goal.
The price is returning to the descending channel.
The...
ETH is facing resistance at DO, MO and MH, than there is the upper channel resistance, it is not yet in overbought area on 1H but it is starting to be in 15M and 30M , i think it is a good trade to short ETH from here down back to 1545-1535 where there is a good demand, as we are in the weekend volume is low so probably ETH will be contained between 1530 and 1570,...
ETHUSDT Breaking it down:
The global trend is still bearish and there is not yet a strong price reaction to change it, recently we saw a bullish movement, which many considered as a trend break. After the price tests the trend line from November 2021, the price reacts and forms a strong downtrend impulse and on the pullback it consolidates under the trend support,...
ETH/USDT
The market looks bullish.
Stop and target are specified in the picture.
In my opinion, the market can have an upward movement.
The downward trend line has been broken and a pullback has been added to it.
#ETH #ETHUSDT #BTC #BTCUSD #LUNA #LUNC #UST
In this time frame, the price in the range of $1534 has faced strong support and formed a descending triangle pattern .which is a kind of bullish pattern and we expect the price to rise to the 0.618 and 0.786 Fibonacci ranges. Only if the price can cross the support range of $1534 with high momentum, the bearish scenario will be activated and the price will fall...
BINANCE:ETHUSDT
In the time frame of 15 minutes, the price broke its floor
And the pattern shows that its upward movement does not have much power to go up
But the main point is that there is a strong support under the price
which does not allow the price to drop heavily
BINANCE:ETHUSDT
Ethereum has just broken out of a bearish corner pattern
And it can move up, but what is the problem?
Bitcoin is not compatible with Ethereum so that this movement can continue
We've got bounces at some typical EW fib levels, so here is a potential play.
With the merge coming up, we could see some bullish action. This lines up with some upside targets im seeing on Apple and AMD as well.
