the price is testing 0.5 Fibonacci level, if the price will have a breakout from it, the price comes back into the ascending channel , and we can look for a long position, otherwise, we could see the price around 1400$.
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BINANCE:ETHUSDT Today I'm come up with an ETHUSDT analysis.
First of all, I want to say that last 3 days were bad day for Crypto market
but I guess this is a good time for buying crypto currencies and here is why (base on ETHUSDT)
As you can see this is the first time in three month that the day candle touch EMA24 since 23 DEC 2020 and at that time...
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Since the big dip a couple days ago, Eth has been working its way up an ascending channel. It's now back at the bottom of the channel and looks set to start dropping quickly to test support levels of $1350. What do you think?
Bitcoin clear bounce and regain of confidence will help Ethereum lift of from the grave it dug after it broke his parabolic ascension.
Macd is a little weak and it shows that now real crazyness will happen either.
We can by then expect a bounce up to 1820/50 ish area, with little fuel to push it higher.
Eth with the gas unsolved problem might stall after this...
The price has formed a pennant, we have placed the entry points for operations, now we just have to wait for it to break the technical indicator formed, and give an entry order.
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While the market had to deal with a lot of sell-offs. Purportedly because of new regulations in India, a general recovery can be seen on the exchanges where the list of greens is getting larger.
On this chart you can see that the downwards pressure has been quite strong, though decreasing since recently. But when you go further back in time, you can easily spot...
I believe that we could have three different scenarios in ETHUSDT:
- scenario 1: double bottom pattern at the price of 1442 and then the price will touch 2000 .
- scenario 2: we have got a pullback to approximately 1800 and then by a ABCD pattern, the price will touch 1266 .
-scenario 3: Continuation of the downtrend from the same resistance level and reaching the...
It seems ETH wants more retrace to calm down.
The crypto market total wants some more retrace to calm down.
Here is the road map step by step:
1- m30 EMA10 and 20 cross to bearish, the last 2 30m candles pullback to the 1680 key level that broke.
2- break 1570 support to the downside.
3- retrace to the last dips at 1370-50
4- Go some lower (If any...