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Eth in distribution mode after weekly publlback,
We expected to go higher to complete his allgo and fill fvg and than colapse.
But however we are in a monthly and weekly
in a bullish trend.and all pullback is temporary🤝
Here we have a head and shoulders pattern on 4 hour chart. Bitcoin and altcoins are going to do the same. But as bitcoin dominance is coming down, ethereum is going ahead. Do they want to make a doble top? or are we making new high? Comment down bellow.
Pair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed Impulse and Correction " ABC "
Fibonacci Level - 50.00%
“I want to short ETHUSD on the 4-hour chart because the price has moved outside the 2-standard deviation Bollinger Bands (BB), and it also broke below the last candle. My plan is to stay in this trade until the 20-period Moving Average (MA).”
The 4 hour chart shows a good cup and handle formation that is breaking out over resistance now. The cup depth is $420 and the resistance broken is $3280. Cup depth + Cup top (resistance) = target price; $420 + $3280 = $3700.
ETH should lead the way in May with a possible ETF by May 23rd. :)
Considering the recent drops of Ethereum and Bitcoin and the arrival of new purchases, it is possible to consider the possibility of Ethereum increasing to the price range of 3300.00 for a period of 5 to 7 days.This analysis was done according to the long-term and 40-day Ethereum analysis that I posted earlier
ETH fids it's way back above 3210 with another touch off 200EMA.
The next D1 goal has been indicated (3371) which aligns with pattern at EOW close.
Assuming we've formed a cup-and-handle we can expect this scenerio to follow through.
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After a significant decrease in value over the past two weeks, Ethereum has now stabilized and is showing signs of consolidation.
A bullish accumulation pattern, specifically an ascending triangle formation on a 4-hour chart, is evident.
The current focus is on testing the neckline of this pattern.
A breakout above 3288, indicated by a 4-hour candle close,...
Asset management giant Franklin Templeton has introduced the "Franklin Ethereum TR Ethereum ETF," marking a significant foray into digital assets. The launch of this Ethereum ( CRYPTOCAP:ETH ) exchange-traded fund (ETF) promises to democratize access to the world's second-largest cryptocurrency, offering investors a regulated avenue for exposure to Ethereum's...
Average price for last few days or about a week 3170-3150
NOW
It's trading below that.
For me, I'm shorting with SL of 3200 (which is above average)
Wishing you well
May we all profit
A trading plan is a set of rules that specifies a trader's entry, exit, and money management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as backtesting,this practice allows you to apply your trading idea using historical data and determine if it is viable.
ETHUSDT has a very strong supply zone with three touches as indicated , price has filled imbalance with a breakout of structure with liquidity Sweep, so we are to zoom into the 15minTF for choch on entry. No confirmation , no entry 🚫
Bears begin to take over as price falls below the D1 piercing marker (3125).
Watch out for EMA alignment which should add further resistance at this zone.
Recovery is still possible but will need to occur soon.
www.tradingview.com
Hello Everyone,
There hasn't been significant change in the status of the ETH/USD pair since last week. Long-term, it remains a strong buy. What we require now is a consistent, stable position above the weekly pivot point (PP), and ideally, surpassing the daily PP as well. It's worth noting the significant monthly support at around 3075.471, so it's crucial for...
