I don't think that the price will break the resistance and moves upward right now.
The price bounced from 620$ resistance in the 3rd time, and we should be ready to get a double top. It is a reversal chart pattern. RSI gives a bearish signal. The same goes for MACD histogram.
I think the next market movement will be downward toward 500$ support. If the price...
Since the publication of the previous ETH idea , the price fell by 20% , to the first liquidity level of $480.
However, buyers did not want to give up so easily and bought the price back to the sales zone of $600-620 within a week.
The launch of ETH 2.0 was also a positive news factor.
These inputs force the calculations and ETH targets to be...
So As you can see in our previous trade,
I shared with you a super simple strategy,
Based On Price Action Theory,
That reveals how to take highly favorable trade entries,
Now is this something that works every time?
No unfortunately in trading we don't have certainty,
but what we can actually do is reduce our risk,
by taking positions that are more favorable...
As it can be seen a harmonic pattern (BAT, or Gartley, not sure yet) is being formed in 4h time frame. The CD leg will be a downside trend. Potential Reversal Zones are marked.
Furthermore, a double top is also visible in a grand view of the price of ETH.
Please, use at your own risk and don't forget to cheer if this comes true.
Fib Retracement placed on 1h candles. Volume Profile confirms that this .786 level could be new support for the time being. We will have to see in the next 4.5hr; 1) if this next 4h candle can close at or above .786, 2) If the 1D candle also does, then look for an eventual 569-550 bounce off those other Fib levels. I'm long on Eth and think we might see and ATH...
So you've tried catching the bottom?
Trust me it's not worth catching em,
But what you can actually do is find an entry that is favorable to ur trade,
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Using candlestick patterns.
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1. DOJI Candles
if the candle...
On the daily we have a bearish engulfing candle, with bearish divergence.
Currently on the Weekly it does not look so great, but it has not closed yet so who knows, but so far it looks very bearish. We even having a bearish divergence forming on the weekly. so on the log scale this wedge may break ,but I'm not a mega...
DOES SHE bounce at 560 ish off of the SMMA 200 or sooner. EVERY pair that getting dragged up or down it feels like ETH leads the way in some cases more so than BTC.
Not a huge ETH hodler more due to the gainz are not there like with ALTs but much safer and realistic long term HODL etc.
If you want ETH hedges i like ADA VETmaybe ALGO// others like TEZOS DOT etc...
The price bounced from 620$ resistance in the 3rd time, and we should be ready to get a double top . It is a reversal chart pattern. RSI gives a bearish signal. The same goes for MACD histogram.
I think the next market movement will be towards the support (500$) If the price can stay above this support, we will get a sideways movement between 500$ and 620$ or a...
Hope you all are doing great!
Wanted to share this amazing trading Opportunity With You,
I noticed that ETH Failed to break over the previous high on a daily,
Also if you see it clearly you will observe that due to the rapid Inflow of buyers,
We had a V-Shaped Bottom which was good to drive price high quickly,
...but prices were not respected by the...