A tough breakdown after ETH fails to push above 200EMA resulting in a drop below 3k.
Price is now looking to recover above 3k after reaching lows of ~2900.
A purple line has been added for an average low (+/-$30) in the case recovery is not successful.
www.tradingview.com
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. :)
This has a chance to be Bull Flag on Eth but if we hve a large candle break the 2950 support we are going to 2500 zone.
If we go up and commit past 3400 we should have 5k as a target.
After breaking below the horizontal support level in the 3.2k zone two Saturdays ago, BITSTAMP:ETHUSD remained below this crucial level throughout last week.
However, after initially reversing upon touching 2850, Ethereum tested that level again and reversed once more on Friday, forming a prominent daily Pin Bar on our chart.
As of now, the price has returned...
Ethereum (ETH/USD) has made a bullish bounce off the pivot. Could this crypto-currency potentially rise towards the 1st resistance?
Pivot: 3,106.80
1st Support: 2,945.02
1st Resistance: 3,279.74
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
With Bitcoin halving passing and Ethereum hitting the possible support zone according to the analysis of the time frame I posted, Ethereum is expected to reach $3,200-$3,300 during the trading week.
$4100.00 the next big target, Second leading Coin is gaining its respect and may it will reach. The second leading coin is in the way to reach 41k again and it will continue its little bit in the downtrend to reach near 27k, this can be the Good support to move the price of the coin again in the bullish direction to reach my target 41000.00 and I am also hoping...
Dear Crypto Robbers,
This is our master plan to Heist ETHUSD Market. I have two plans to heist this market please look at the chart I have mentioned in our heist plan whether Bull or Bear. My dear Robbers U can enter at the Neutral area after the confirmation of market condition, There are more opportunities to move up, Our target is Red Zone for Bull Trend and...
ETH fails to reach the D1 goal (3210) or flip EMAs possibly resulting in another correction.
However H4 MACD is nearing divergence which could assist in that much needed push.
Look to keep above ~3125 for best case scenerio.
www.tradingview.com
I'm finding myself gravitating more towards this crypto over Bitcoin, and that's mainly due to Ethereum's price. I'll explain my chart along with what I'm anticipating.
What am I anticipating?
Price is currently breaking a key lower-high on the weekly, which happens to also be the same area as the monthly (key) lower-high. Once that bull candle closes pass those...
Price has just rejected off a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially fall to our take profit.
Entry: 3249.60
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 3430.18
Why we like it:
There is an overlap resistance level...
Hello,Traders!
ETHEREUM is retesting a
Horizontal resistance level
Of 3275$ so I will be
Expecting a local pullback
And a move down
Sell!
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📈🌟 Ethereum's Promising Horizon - What's Next for ETH? 🚀💡
Hi everyone, time to look at Ethereum, and I must say, Ethereum at this stage looks more promising to me than Bitcoin. For the coming weeks, my focus will be on Ethereum for quite a few reasons. Let's dive into the chart: we've witnessed a dip, and the 2850 level has now established itself as very healthy...
Ethereum (ETH/USD) is rising towards the pivot which has been identified as a pullback resistance. Could this crypto-currency potentially stall around this level before reversing to drop towards the 1st support?
Pivot: 3,256.52
1st Support: 2,945.02
1st Resistance: 3,436.46
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and...
#eth
Ethereum is currently forming a large descending channel pattern🧐
A breakout above the $3250 resistance level could trigger a significant pump, pushing CRYPTOCAP:ETH towards the $4050 immediately🚀
