🔥 Ethereum Channel Break Out: New TargetRecently, I made an analysis on ETH and the pending break out of the horizontal channel.
The trade was a huge success; all targets reached within a couple of days.
For now, I'm looking at the $3675 resistance. if we manage to get a daily close above this level, I'm expecting a strong move towards $4000. This could potentially already happen within a week!
Happy trading!
Eth-usdt
ETHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you see, the price has climbed well after the break of the resistance line.
At the moment, the price can follow the pattern of the head and shoulders at the bottom, and we expect the price to move towards its support line, and then start moving upwards.
But if it drops below the support line, we consider further fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
🔥 Ethereum Horizontal Channel Break OutA couple of days ago, I made an analysis on ETH. I argued that ETH hit the top and was reversing towards the lower bound of the channel.
The lower bound of the channel was not reached. Still, the price found support around that area and reversed back up.
As of today, ETH is seeing an incredible run up and broke out of the horizontal channel. Assuming that we're going to keep this bullish sentiment, I'm targeting the area between $3350 and $3500 in the coming weeks.
Be aware that we might test the top resistance area of the channel again.
Happy trading!
ETHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price has reacted to the support line and is fluctuating above it.
At the moment, if the price falls again and moves to the support line, we can consider a further decline and the price is likely to move to the next support line.
But if it can cross the resistance line and enter the area that it has tried several times, but failed to reach, and fluctuates above it, we predict the climb.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
🔥 Ethereum Short Term Horizontal Channel: Bearish Move Ahead?Over the last week or so, Ethereum has been trading inside a clearly defined horizontal channel. With price action today being dominantly bearish, there's a decent chance that the price will continue trading inside this channel in the near future.
In case we keep going down, I'm expecting a bounce from the lower support area. Target would be the top resistance area.
Happy trading.
ETHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price is moving in a downtrend. If the price can not break the channel resistance line and stabilize above it, we can have a stepping drop to $ 2460.
But if it can be stabilized above the channel line, it can advance to the next resistance.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ETH USDT LONG SWING TRADE | ETHUSDT | LONG @ 3050 - 3100 | TP @ 3150, 3200, 3250, 3300, 3350 | SL @ 2950 | PATTERN = LOW POLE REVERSAL |
PNF chart on the hourly shows a trend reversal, LOW POLE REVERSAL.
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
🔥 Ethereum Found SupportEthereum seems to have found temporary support at an old area of support. However, I'm not expecting that all the pain is gone now.
I'm expecting the price to find consolidation between the $2800-$3000 area, from which it will inevitably reverse back. Main target placed at $3300.
Happy trading!
ETHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price is fluctuating within a rectangle, and it has moved upwards several times, and entered into it several times.
It has been trying to break twice now and created a resistance line for us. If in the first stage it can break our resistance line with strength and touches our first peak and stabilizes above it, we can enter the ascending phase.
However, if the price goes below our rectangle and stabilizes under the bottom line, we consider further drop and entering a downward phase.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
🔥 Ethereum Potential Reversal On The HorizonI'm still bullish in the near term. Just like BTC, ETH is currently seeing a bearish move, losing almost all the gains it made this week.
I'm not expecting much more downside. With the help of the Fibonacci tool I've indicated an Reversal Zone, right within the Goldilocks Zone (the area between the 0.382 and 0.618 Fibonacci retracements) of the longer-term bullish move.
In case of reversal, I'm expecting a move towards $3600 in the next week or so.
on the other hand, it's till possible that ETH will keep falling. The first major support will be at $3200. I'd be surprised if we go below that in the near future.
Happy trading!
🔥 Ethereum Going For New All Time HighTwo days ago I made an analysis on Ethereum where I argued that the earlier mentioned channel break out would lead to a strong bullish move in the near future. Both targets at $3600 and $3800 were reached very quickly and are now functioning as support.
With ETH not showing any signs of stopping soon, there's a big chance we're going to see a new all time high in the near future.
For the coming week the main target area is the area between $4200 and $4370 (current ATH). If this area we're to be breached quickly, we might even continue on to $5000.
A more bearish scenario would be a bounce from the ATH back towards the support area between $3600 - $3800.
No matter which direction we're going in the near future, I'm expecting a new all-time high soon.
Happy trading!
💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3343.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 3591.00
TP2= @ 3974.00
TP3= @ 4213.47
TP4= @ 4367.64
TP5= @ 4643.47
SL= Break below S2
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. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ETHUSDT". There is a possibility of temporary retracement to the suggested support line (3343.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 3591.00
TP2= @ 3974.00
TP3= @ 4213.47
TP4= @ 4367.64
TP5= @ 4643.47
SL= Break below S2
❤️ 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 / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price was able to break the resistance level and is currently fluctuating above the line. We think the price can reach its target. But if it penetrates below the support line and stabilizes below the line, we consider the fall.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 Ethereum Channel Break OutA couple of days ago I made an analysis on ETH. Here I argued that ETH was trading in a bullish channel, which could potentially signal a strong bullish move in the near future.
As of this morning, ETH has broken out of the bullish channel, continueing the bullish price action from the last two days.
The two main targets of $3600 and $3800 remain the same as in the previous analysis. Potentially, ETH could hit both these targets in before the week ends.
Happy trading!