ETH go to 360
Ether goes to the short area, completing 2 wave
target 360
Enter after correction or buy pattern
ETH-USD
Short movement on ETHEREUM (ETH/USD) by ThinkingAntsOk1H CHART EXPLANATION:
As we can observe, price is facing the Resistance Zone. It is inside an Ascending Channel, so, the first condition to take any short trade is that this channel is broken downwards. Once that happen, we will wait for price action confirmations like a corrective pattern or candlestick pattern to place our entry/stop loss. This is a short-term view , and it is only valid in case the channel is broken and price consolidates below. The macro vision for ETH/USD remains bullish, but first the resistance zone needs to be broken.
4H CHART:
ETH at a rising wedge and previous resitence,if we break it up like the two past one we will go to 300 or more,
but twith this wedge and resitence we could be in a good correction
ETH/USD Ethereum aiming @40% or USD $360-400 targetsETH/USD has been consolidating the past few weeks
More buyers than sellers at this point as shown by daily reversal Dojis
First target potentially at 18% gain or USD $300 per coin reaching for the upper channel
Next two targets at 40% gain from current prices or USD $360
Maximum short term target @ 23% Fibonacci level or USD $400
Buying zone at the green area if drops
Stop loss just below the green area and reaching the lower channel (unlikely)
Thanks for the likes and comments and good luck
Short trade idea on Ethereum (ETH/USD) by ThinkingAntsOk4H CHART EXPLANATION:
We observe that price is making a corrective movement, and there is a clear Head and Shoulders pattern. This is a potential short setup, but we must wait for a breakout of the neckline to confirm the trade, since the macro vision is long and this is just a short term trade.
Daily vision:
ETH mirrors BTC.. long!Similar to my BTC analysis. both good reactions from support zone
Entry 243-244
Targets 246 | 249 | 254 | 260 | 267 | 283.50
Stop loss - 231
ETHUSD - (Bearish) Rising Wedge - Bearish DivergencePrice is rising while indicators are falling! (Bearish Divergence)
Flat until breakBullish continuation. Enter 272 breakup.
Fail of continuation. Enter $260 breakdown.
Stay flat until trigger gets hit. Chop and Funding will steal your funds.
ETHUSD approaching support where a rally might occurPrice is approaching our first support (breakout level, horizontal overlap support) where we might see a further rise in price to our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
"Top and Bottom Analysis" ETHEREUM (ETH/USD) by ThinkingAntsOkLast week we posted the triangle pattern before the upside movement! Link on related ideas.
4H CHART EXPLANATION:
Price broke the triangle pattern upside, so we can expect a bullish movement towards the Resistance Zone at 360. Anyway, there may be some corrective movements on the way, so if you trade it, you should place your stop loss in a safe place to avoid the market volatility.
Updates coming soon!
MULTITIMEFRAME VISION:
-Daily:
-Weekly:
ETHUSD approaching support where a rally might occurPrice is approaching our first support (breakout level, horizontal overlap support) where we might see a further rise in price to our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ethereum bear market endedsome meaningful detailed description - kraken weekly ETH/USD bear market endings and 2 triangles
"Top and Bottom Analysis" ETH/USD by ThinkingAntsLast week we have posted this chart before correcting. You can check it on related ideas.
4H CHART EXPLANATION:
As we can observe, price broke the Daily descending trendline, the Wedge Pattern and the Resistance Zone with a strong upside movement. Now it is facing the Resistance Zone at 250 and making a corrective structure to continue the bullish movment. We will take long positions if price breaks the triangle upside.
Updates comming soon!
MULTITIMEFRAME ANALYSIS:
Weekly:
Daily:
"Trade Idea" LITECOIN (LTC/USD) by ThinkingAntsOk1H CHART EXPLANATION:
As we explained on the 4H timeframe, price is now on a corrective structure of the previous upside movement. We can observe that is on a Triangle Pattern, so we will wait for a breakout to take long positions towards the next Resistance Zone.
4H CHART:
*Please note that the above perspective is our view on the market, we do not provide signals and take no responsibility for your trades.
"Top and Bottom Analysis" ETH/USD by ThinkingAntsOk4H CHART EXPLANATION:
On 4H timeframe we observe that price broke out the Descending Trendline and the Ascending Wedge. It started an upside movement and now it is facing the Resistance Zone at 250. We expect a little correction here to continue the upside movement towards the Daily Resistance Zone at 360.
Updates comming soon!
MULTI TIMEFRAME VISION:
- Weekly:
- Daily:
ETHUSD broke resistance, potential for further rise!
Price is approaching our first support at 183.95 (horizontal overlap support, 23.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD broke resistance, potential for further rise! Price is approaching our first support at 183.95 (horizontal overlap support, 23.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ethereum is ready to the RALLY, end of down trend is SOON!!!!Usually In technical analysis the last move after break out of the triangle is final move before the trend reversal.
One of the reasons of following behavior - triangle is usually pattern of the wave 4 by Elliot count, breakout is wave 5 and after that we have an ABC correction or higher time frame trend reversal.
ON ETH/USD daily chart We see the price was breached out from the triangle and reversed exactly on it target (100% of the triangle height).
Also we have massive volume increasing => it is a sign of a lot of buyers.
I will update this idea!
Good luck!!!
p.s. For the possible targets of this perfect trade idea you can look my previous analysis
