Get started

ETH-USD

$ETH/USD Expects a breakthrough from the triangle pattern!ETH dropped sharply earlier this week, but has been steadily pushing up prices since then. Currently, the low price is being rounded up with a double bottom, and it is no exaggeration to say that the high price is the most conscious of the latest market price, and it is resistance to the $ 376 line. This pattern is called the ascending triangle and is a chart pattern that suggests the possibility of returning to the uptrend. At present, the downside round-up line (uptrend line), the short-term moving average (20MA), and the horizontal line around $ 350 overlap, and it is highly possible that it will function as a support line. With the addition of new longs, it will gain momentum and it is likely that it will soon challenge $ 376. On the other hand, the concern is that if it rebounds at the $ 376 line from a medium-term perspective, the shorts will become more and more resistant for roll reversal. The line is expected to be conscious of many market traders, so it could plummet. The bottom point is the $ 320 line, and if you break through it, you can't predict how much it will go down. While it is expected to rise, it is also a very dangerous market. I want to take on the challenge after managing risks properly.
BITSTAMP:ETHUSDLong
by Moshin_GW
5
ETHUSD Update: Profit=22850 SL=7050 Reward/Risk > 3.2:1 Trade Setup summary: Profit targets=22850 pip (3270 + 6970 + 12610) Stop Loss =7050 pip Reward/Risk > 3.2: 1 Current Status: Total Profit: 42250 pip Closed trade(s): 13150 pip Profit Open trade(s): 29100 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 339.00 based on 'previous Forecast' at 2020.08.02 : Closed Profit: TP1 @ 393.00 touched at 2020.08.03 with 5400 pip Profit. TP2 @ 416.50 touched at 2020.08.13 with 7750 pip Profit. 5400 + 7750 = 13150 Open Profit: Profit for one trade is 436.00(current price) - 339.00(open price) = 9700 pip 3 trade(s) still open, therefore total profit for open trade(s) is 9700 x 3 = 29100 pip Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (416.50) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP3= @ 449.20 TP4= @ 486.20 TP5= @ 542.60 SL= Break below 393.00 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:ETHUSDLong
by ForecastCity
24
Every 1% the USD depreciates ETH appreciates >50% (since 2019)We are witnessing an important time in the history of crypto, since the beginning of 2019 DXY depreciated more than 2% and ETH more than 140%, if FED increases the liquidity in the market to meet the demand for USD in the market and with it release some of the debt burden in the world dxy might depreciate more 20/30% and if so ETH has the chance to reach 15-20k in two years, it's such a crucial moment and being out of the game is not the right decision when there's such a high reward for the risk involved, I'm bullish!
COINBASE:ETHUSDLong
by CC_FX