Ethereum-usd
A "long" short trend is coming In the last part of the graphic, an head and shoulders seems to be formed. So... i really think that the price will go down violently. Also if we look at the H1 graphic, we can see a value of rsi that is very above of 70 limit, so i can expect that the price will go down
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
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ETH/USDT PERP SETUP: LONG TO $511 and SHORT to $293I am always looking for a decent channel to make a break out trade from. It looks as if Ethereum is in a channel atm and will either shoot for 500 or have a slow grind down back to a lower $300 region. It may get rejected here at the top of the channel and head back down to support line 1.
I am hoping for some big volume to come in today or tomorrow to push us out of this channel. Let's see...
btw I am new to this
ETHUSD Update: Profit=32250 SL=11600 Reward/Risk > 2.8:1 Trade Setup summary:
Profit targets=32250 pip (2350 + 5620 + 9320 + 14960)
Stop Loss =11600 pip
Reward/Risk > 2.8 : 1
Current Status:
Total Profit: 29400 pip
Closed trade(s): 5400 pip Profit
Open trade(s): 24000 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.
Open Profit:
Profit for one trade is 399.00(current price) - 339.00(open price) = 6000 pip
4 trade(s) still open, therefore total profit for open trade(s) is 6000 x 4 = 24000 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 61.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested Uptrend and price reject from uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 416.50
TP3= @ 449.20
TP4= @ 486.20
TP5= @ 542.60
SL: Break Below Uptrend
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ETHUSD Update: Profit=32250 SL=11600 Reward/Risk > 2.8:1 Trade Setup summary:
Profit targets=32250 pip (2350 + 5620 + 9320 + 14960)
Stop Loss =11600 pip
Reward/Risk > 2.8 : 1
Current Status:
Total Profit: 29400 pip
Closed trade(s): 5400 pip Profit
Open trade(s): 24000 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.
Open Profit:
Profit for one trade is 399.00(current price) - 339.00(open price) = 6000 pip
4 trade(s) still open, therefore total profit for open trade(s) is 6000 x 4 = 24000 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 61.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested Uptrend and price reject from uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 416.50
TP3= @ 449.20
TP4= @ 486.20
TP5= @ 542.60
SL: Break Below Uptrend
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ForecastCity English Support Team ❤️
ETHUSD Update: Profit=46750 SL=15500 Reward/Risk > 3:1 Trade Setup summary:
Profit targets=46750 pip (2900 + 5250 + 8520 + 12220 + 17860)
Stop Loss =15500 pip
Reward/Risk > 3 : 1
Current Status:
Total Profit: 13929 pip
Closed trade(s): 13929 pip Profit
Open trade(s): 0 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.
TP5 @ 286.79 touched at 2020.07.24 with 72 pip Profit.
800 + 1543 + 2405 + 3436 + 5745 = 13929
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 83.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 393.00
TP2= @ 416.50
TP3= @ 449.20
TP4= @ 486.20
TP5= @ 542.60
SL= Break below 333.00
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ETHUSD Update: Profit=46750 SL=15500 Reward/Risk > 3:1 Trade Setup summary:
Profit targets=46750 pip (2900 + 5250 + 8520 + 12220 + 17860)
Stop Loss =15500 pip
Reward/Risk > 3 : 1
Current Status:
Total Profit: 13929 pip
Closed trade(s): 13929 pip Profit
Open trade(s): 0 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.
TP5 @ 286.79 touched at 2020.07.24 with 72 pip Profit.
800 + 1543 + 2405 + 3436 + 5745 = 13929
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 83.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 393.00
TP2= @ 416.50
TP3= @ 449.20
TP4= @ 486.20
TP5= @ 542.60
SL= Break below 333.00
❤️ If you find this helpful and want more FREE forecasts in TradingView
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in ETHUSD Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (231.07). if so, traders can set orders based on Price Action and expect to reach short-term targets.
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 41.
Take Profits:
TP1= @ 245.17
TP2= @ 253.39
TP3= @ 263.63
TP4= @ 275.41
TP5= @ 286.72
SL= Break below S2
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in ETHUSD Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (231.07). if so, traders can set orders based on Price Action and expect to reach short-term targets.
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 41.
Take Profits:
TP1= @ 245.17
TP2= @ 253.39
TP3= @ 263.63
TP4= @ 275.41
TP5= @ 286.72
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,
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💎 Want us to help you become a better Forex trader ?
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Trade well, ❤️
ForecastCity English Support Team ❤️
There is a possibility for the beginning of an uptrend in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (217.11). if so, traders can set orders based on Price Action and expect to reach short-term targets.
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 68.
Take Profits:
TP1= @ 247.07
TP2= @ 286.99
TP3= @ 362.78
SL= Break below S2
ETHUSD Topping out? Time to Dive? BTC price dependent?ETHUSD price has rejected off the supply zone giving the first indication a correction could be upon us. I'm waiting for the break of the raising wedge before entering a short position. The conservative option would be to wait for price to break down and create a lower low before contemplating a short position. Thanks for a having a look at my analysis, all feedback is welcome. Would love to hear from you and your ideas particularly if you are seeing a long opportunity. Give me a follow and a like, to keep seeing similar charts. Thanks again