Hello my friends, today I want to talk with you about ETH.
Price made this figure and reached resistance (1240.00).
After Ethereum retested this level, price pulled back and falling now.
I'm waiting that price will fall to the neck of H&S and support line.
This zone will be good checkpoint.
I feel that ETH can retest it and back to uptrend.
Resistance zone...
Ethereum has recently broken the downward channel down, thereby accelerating its fall. The first stop after this maneuver was at $1,000.
Since the price is now in a range and is forming an accumulation of energy, we can see trading in a range, where the price will move from the upper limit to the lower one and vice versa.
I suppose that relative to the...
In Elliott Wave, the C wave usually has 5 waves which follow the impulse schematic, which is:
Wave 1 = 5 waves
Wave 2 = 3 waves
Wave 3 = 5 waves
Wave 4 = 5 waves
Wave 5 = 5 waves
We can see that we're on the 5th wave now. The 5th wave is also subdivided into 5 subwaves and we are currently seeing subwave 4. Expecting one final move down (subwave 5) to complete...
From our last bullish call on ETH, it went from 1085 to 1230! Over 13% :)
Now I'm expecting a temporary short on ETH to around 1130. Let me tell you how I arrived at that conclusion.
Looking at the 8hr chart on ETH, we can see it's coming up to resistance. Now there's also a bullish inverse head and shoulders pattern (drawn in green) but if that can't break the...
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ETH UPDATE:)
ETH completed inverse head and shoulders and broke upside its inverse H&S on the upper side Right now ETH has been 2 hours update retest 50MA and pump ...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, that I am not responsible for your investment decision.
Thank you.
Good luck
Shorting Eth near daily highs, continuation of HL LL's .
Retesting previous highs probably rejects from 1250-1300
Shorting with tight stop loss
Entry 1250
Stop loss 1350
Take Profit 960
Hi dear traders
As you can saw in previous analysis, H&S pattern confirmed and price reached to target as resistance 1200$ and 1244$.
We take profit, and now price pullback to retest neckline as support.
I expect price bounced from this area to near 1400$.
Otherwise go down to support area specified.
Let's see what happens
This is not financial advice ( DYOR...
#ETH
▪️Ethereum indicators are overbought, we also hit the $1250 wall, from where we can turn the probabilities - at least we will go for a correction!
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Long on Ethereum after a nice pull back.
My forecast is that price will reach the resistance at 1537.67 with first tp at 1385.48 and stop loss at breakeven
BUY ORDER AT 1254.92
Price got rejected from the resistance line where liquidity is resting above it and missed the 1h supply shortly. MACD is showing bullish weakness, RSI is bought and EMAs are neutral. I expect price to move down towards the 6h demand zone at $1,000 before potentially moving up again.
Hello traders, don't get carried away with the market, you know we need further confirmation as stated on the chart.
Follow the chart and be guided.
tradehubng
BINANCE
