Eth-usdt
Why I choose not to trade ETH until it makes a decisive moveHello!
I hope you will find this usefull and it will help you save your money.
I will stay away from futures waiting for ETH to make a relevant move to clearly decide the direction it will go.
My personal bias is bullish for the long run, but it seems ETH needs to take a breath.
Good luck with your trades!
Sisif
Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (440.05). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 455.40
TP2= @ 468.65
TP3= @ 484.65
TP4= @ 522.10
TP5= @ 552.60
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (389.90). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 409.05
TP2= @ 420.80
TP3= @ 447.80
TP4= @ 486.40
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 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 ❤️
KAVAUSD - Head and Shoulder with massive potentialKAVAUSD and other Altcoins with massive Head and Shoulders Pattern.
This will drag down KAVA and frustrate lots of holders. DEFI was a bubble which burst.
Again hype was such a huge signal for the whole crypto space.
With the uncertainty regarding US elections, Covid-19 the stock market already started it's correction and so will the Crypto sphere.
Next entry for crypto is either make or break IMO. For a longterm and natural grow, they should stop to produce and hype sh**coins such as SUSHI, PIZZA and all this crab.
Entered margin short at around 2$.
Happy Trading.
ETHEREUM TETHER ⚠️ Where ETH is Heading in The Next Week💬 ETH is in the limelight once again, sort of. Ethereum might not be on the cover of TIME, but it was mentioned at a recent Senate finance committee meeting when it was mentioned alongside Bitcoin when giving examples of cryptocurrency.
Mentioning crypto at a Senate finance meeting shows the relevance of crypto, and mentioning Ethereum alongside Bitcoin helps to cement the idea of Ethereum becoming synonymous with crypto.
Let's see if the ETH bulls can make ETH's price look as good as I just tried to make it in those last few paragraphs by looking at some levels.
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Support:
S1: The S1 S/R flip at the prior range where resistance was found is the first level of support for the bulls. A pullback here and a move off S1 would be an obvious path to start breaking ETH out of the current range.
S2: The S2 orderblock formed by the move up represents a level that was interacted with a good deal during consolidation leading up to this move. Given the previous interactions with other Orderblocks as seen on the chart, S2 is likely to see some interaction at some point.
S3: Things start to look less attractive at the S3 orderblock, as a trip down to this level brakes below the main price pivot point and retests the previous price range. There is support to be found here, but bulls would rather not have to find it with this current uptrend.
S4: The bulls have one more chance to save the bullish price structure by finding support at S4. Below S4 there is some notable support, but for the purposes of mapping out the current move, anything below S4 should not have to be considered for now.
Resistance:
R1: If the bulls can break this pattern of lower highs, then the first line of resistance is the R1 bearish orderblock at the prior swing high range. A break above this level means ETH will likely break out of this overall range it has been trading in since the start of June.
R2: The R2 bearish orderblock created during the previous dump is the next point of resistance for bulls, we would expect a reaction here even if ETH runs hard on a break of the previous range.
R3: The R3 orderblock left at the prior swing high is the primary target for bulls. If they can get here and then create a new range it would help to form an overall bullish pattern on longer time frames.
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Summary:
ETH has been in the limelight for a while now, the chart looks decent on some timeframes despite a long-term correction from the 2017 highs. Can ETH bulls continue to show strength as Ethereum solidifies itself within the crypto ecosystem, or will the bears be taking out support and dumping to new lows? Only time will tell.
Resources:
www.forbes.com
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