Ethereumbullish
Eth buying setup its might be a risky one i am not that much shore the price will come to our entry point but i am worried due Eth upgrade. the investors are getting there EThs it might create some fear in those investors heart when the see Eth price down by 3 percent so may be in FOMO they start selling and we may see a massive dump and we will hit our stop loss. that's why stop loss should be used at such kind of trades
ETH ANALYSIS#ETH UPDATE.
#ETH has broken above the symmetrical triangle and blue box resistance as well,now the blue box area is the new resistance for ETH.
Can take some long positions with blue box area s the new support and the stop-loss.
Insane Bullish Signal For Ethereum! FLIPPENING!*Disclaimer, this is not financial advice, just my opinion as a crypto enthusiast.
ANALYSIS
On the weekly ETH/BTC chart we have a "cup and handle" formation which is known to be one of the most consistently accurate chart pattern.
PATTERN CHARACTERISTICS
*The base of the cup is very smooth (rounded) rather than jaggedly or V-shaped which gives this pattern more credence.
*Volume is drying up as the handle forming; reaching its presumed lows
*The handle is a within range, dropping around 25% so far and staying in the upper range of the cups base. If the handle drops below 30% this makes the pattern less likely. *However this has been a very long cup and we are potentially at the bottom of this possible short bear market we're experiencing; which can cause extra weakness and shakeout, in this scenario the pattern would still be completely sound if there was a further shallow decline.
TARGET
*Target is calculated by drawing a line from the bottom of the cup to the top and adding that to the breakout from the handle
*The breakout has not happened yet so this is still unconfirmed
*Breakout should occur on strong volume and surpass the high of the cup's base
---> CALCULATED TARGET IS APPROXIMATELY 0.15 (which would take Ethereum back up to it's All Time High.
Let me know what you guys think, is this possible, would this result in a FLIPPENING, would really love to hear your thoughts?
ETHBTC forming final leg of Shark | Good long opportunity aheadFormation of bullish Shark:
This time on very short term hourly chart the price action of Ethereum with Bitcoin pair is forming bullish harmonic Shark pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: 0.023043 to 0.022906 sats
Sell between: 0.023164 to 0.023438 sats
Stop Loss:
The potential reversal zone area which is up to 0.022906 sats can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for short term traders not a long term idea; I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.