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Ethanalysis

There are two scenarios a price boost up to USD 800 is expected1st Scenario : The downtrend has ended in the range of 82.07 and the first uptrend wave ended in the range of 366.80 and the corrective movement of this uptrend ended in the range of USD 86 and the uptrend initiated in the third wave. The main highlight is at the bottom of the chart (USD 489 range) The structure of the price increase from USD 368 to USD 489 level was in the form of 3 waves, followed by a 5-wave decline, which indicates the Expanded Flat pattern. Wave iv from point of 3 can be completed in the range of USD 304, we should wait for the uptrend in the 5th wave, which the target in a worst-case will be USD 600 and can be extended up to USD 800 level. 2nd Scenario: If we consider, the 2-year corrective earnings of the range of USD 86, as a completed movement. By counting the increasing price trend of USD 368 to USD 489 in a 5 waves format. In this case, the first uptrend is over, and the price is in a corrective uptrend movement, which due to the first 5 wave fall (wave A), we are expecting further price reductions in the range of 238 to 170 dollars. This range is a very important area, in addition to the Fibonacci ratios, it is overlapping to the downward trend line which has been broken. Conclusion The basis of my movement strategy is as follows: According to the both analyzes; the advent of the uptrend is not doubtful. But there is a scenario of further decline. It is highly recommended to enter long positions, by managing the % 50 of risk and reward logics, in the range of USD 350. In case of further decline up to the range of USD 238, the rest of the positions can be set. Ethereum targets are very high, traders must go long in the fall of the price action. In my opinion, the area of 120 to 130 dollars is a very important price range, and if the price exceeds this range, probably ..............! I hope this never happen...
Long
by NirmataFX
ETH - Interesting imminent movement ahead.In the next few hours we could see some more action in the price than what we have had throughout this beginning of August where the price has been oscillating between lows of $ 350 and reaching over $ 400 on a couple of occasions. If the triangle formation is fulfilled, we could see another impulse in ETH that would oscillate around $ 500, giving us a continuation to the new bullish rally that apparently is in play and that where now in view of 1h we can almost see that the moving averages 100 and 200 are almost very close. This point is a Fibonacci pivot between the $ 625 mark to watch for future long entries. In the event that the price corrects (in daily view it is still oversold) the first levels to consider would be $ 350 and around $ 325, which would allow us a lower price action to increase the purchase while waiting for a better signal. Also in a 4h view we can see that the RSI is descending although this does not mean anything yet about the direction it will take. What is your opinion? Thanks for supporting this idea.
BINANCE:ETHUSD
by harribatu
ETHUSD Update: Profit=13929pip SL=3245 pip Reward/Risk > 4.3:1Trade Setup summary: Profit targets=13929 pip (800 + 1543 + 2405 + 3436 + 5745) Stop Loss = 3245 pip Reward/Risk > 2.6 : 1 Current Status: Total Profit: 11684 pip Closed trade(s): 8184 pip Profit Open trade(s): 3500 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 229.34 based on 'previous Forecast' at 2020.07.06 : Closed Profit: TP1 @ 237.34 touched at 2020.07.20 with 800 pip Profit. TP2 @ 244.77 touched at 2020.07.21 with 1543 pip Profit. TP3 @ 244.77 touched at 2020.07.22 with 2405 pip Profit. TP4 @ 263.70 touched at 2020.07.22 with 3436 pip Profit. 800 + 1543 + 2405 + 3436= 8184 Open Profit: Profit for one trade is 264.34 (current price) - 229.34 (open price) = 3500 pip 1 trade(s) still open, therefore total profit for open trade(s) is 3500 x 1 = 3500 pip Break Even 229.34 Technical analysis: . ETHUSDis 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 83. Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (244.77) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP5= @ 286.79 ❤️ 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
29
ETHUSD Update: Profit=13929 pip SL=3245 pip Reward/Risk > 4.3:1 Trade Setup summary: Profit targets=13929 pip (800 + 1543 + 2405 + 3436 + 5745) Stop Loss = 3245 pip Reward/Risk > 2.6 : 1 Current Status: Total Profit: 11684 pip Closed trade(s): 8184 pip Profit Open trade(s): 3500 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 229.34 based on 'previous Forecast' at 2020.07.06 : Closed Profit: TP1 @ 237.34 touched at 2020.07.20 with 800 pip Profit. TP2 @ 244.77 touched at 2020.07.21 with 1543 pip Profit. TP3 @ 244.77 touched at 2020.07.22 with 2405 pip Profit. TP4 @ 263.70 touched at 2020.07.22 with 3436 pip Profit. 800 + 1543 + 2405 + 3436= 8184 Open Profit: Profit for one trade is 264.34 (current price) - 229.34 (open price) = 3500 pip 1 trade(s) still open, therefore total profit for open trade(s) is 3500 x 1 = 3500 pip Break Even 229.34 Technical analysis: . ETHUSDis 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 83. Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (244.77) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP5= @ 286.79 ❤️ 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
18
ETHUSD - $250 level still resistRejected off $250 level and currently heading to test $220 support I think. Nothing changes, still in range $220 - 250. If the price break 220 support, then it most likely expects a fall to $200. Won't long there because I think there're big chances that it won't hold for the second time. Plan to short retest the expected breakout or long first test of the $200 level. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
FTX:ETHPERP
by Bitduke
ETH - Do not expect much of the weekend. Yesterday afternoon it started off fantastically giving a buy signal as it bounced off the pitchfork line support rising from the 0.382 level to the current 0.618. What can we expect? Here a very short view Marked in red a possible return to lower levels. Above we have the exit of the descending triangle and the next level .786 reaching level 1 just coinciding with a return to the pitchfork channel. ... Or not, anything can really happen, right now as I write these lines the price breaks down the line that I had been maintaining for a few hours. From 208 to 206.75. RSI is oversold. Bless!
BINANCE:ETHUSD
by harribatu
2
It seems to need a break UPDATEETH is showing positive signs above $ 202 and $ 200 support, and is likely to be close to $ 220 and $ 225 in the near future. ETH has good sales at $ 202 and $ 200 support. The price is currently trying to break the upward trend above $ 207 and the average 100-hour simple move. There is a downtrend with the resistance at around $ 207, which seems to be falling sharply above $ 207 and $ 210. ETH prices could rise sharply In the past few days, ETH has risen above $ 200 and has risen to a critical and sensitive $ 210, trying to continue above $ 212, and is expected to be close to $ 212. There is now a break below the $ 210 level and an average 100-hour fast move. Today, Bulls defended a key $ 202 support area. ETH also gained support from $ 195 to $ 212 near an upward movement. ETH is currently on the rise, testing the $ 207 resistance. If the ETH rises above the $ 207 and $ 210 resistance levels, Bulls are likely to take full control. The immediate and strong resistance is near the $ 212 level, above which the Bulls are likely to test the $ 220 level. Any further gains could open the door for a $ 225 move or a $ 230 resistance zone in the short term. ETH can also be downgraded if it tries to move above $ 210 or $ 212. Initial support is close to the $ 205 level, and the first major support is near $ 202 and $ 200. In order to predict the pessimism of ETH , we can consider the downward trend near $ 195, which if the price goes down to $ 195, there is a possibility of further reduction to the support level of $ 182 and $ 180. Compared to yesterday, ETH is trading at around $ 207, with a one percent drop in price, and is in the red.
KRAKEN:ETHUSDShort
by mobinir
9