#ETHWUSDT #1W (ByBit) Descending channel breakoutEthereum PoW regained 50MA weekly support and seems to be in full bullish mode, continuation is on.
⚡️⚡️ #ETHW/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures, OKX Futures
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 5.0%
Current Price:
3.665
Entry Zone:
3.524 - 2.904
Take-Profit Targets:
1) 5.119
1) 7.030
1) 8.941
Stop Targets:
1) 1.940
Published By: @Zblaba
AMEX:ETHW BYBIT:ETHWUSDT.P #1W #Ethereum #PoW ethereumpow.org
Risk/Reward= 1:1.5 | 1:3.0 | 1:4.5
Expected Profit= +59.3% | +118.7% | +178.2%
Possible Loss= -39.6%
Estimated Gaintime= 3-6 months
Ethereumpow
ETHW/USDT Assessing Potential Moves from Support Retest? 👀 🚀💎 Paradisers, let's focus on #ETHWUSDT as its showing an interesting setup. Positioned for a retest of a key support level, it is indicating potential for its next market move.
💎 #EthereumPoW has been maintaining strong momentum above the EMA. If it can continue this trend at the key support level of $2.3499, we could see a bullish continuation.
💎 However, if ETHW fails to uphold its strength above this support, we might need to shift to Plan B. This could involve anticipating a bullish rebound from a lower support level at $1.8855.
💎 It’s crucial to consider another possibility: if #ETHW breaks below the $1.8855 support, it could signal the start of a downward trend. 💰🌴
ETHW EthereumPoW The Original Ethereum Blockchain ETHW EthereumPoW is The Original Ethereum Blockchain powered by Proof of Work.
It is distributed to all ETH holders who claimed it, so it should have the same supply as Ethereum ETH of 122 Million coins.
I expect an important breakout from this big Falling Wedge.
My short term price target is $8.45.
Looking forward to read your opinion about it.
ETHW USD Cup and Handle Possibly Playing Out! Target $24 -$34ETHW has formed what looks like a nice cup and handle. There is a nice increase in volume this morning and the price is beginning to creep back up towards $14. If ETHW breaks $14 and closes above on at least an hourly then I would say the pattern is complete and a measured move to at least $24 dollars, and then $34 if its still going strong at $24. I will be waiting for the break of the neckline with decent volume for confirmation the pattern is valid and playing out. This coin is extremely volatile so proceed with caution.
If ETHW gets to previous resistance at $14 and does not break and loses steam, then this would be a nice double top and a correction down to $8 and then possibly $6 would play out
This is not trading or financial advice this is just my opinion. Thank you and good luck my friends.
ETHW EthereumPoW The Original Ethereum Blockchain !ETHW EthereumPoW is The Original Ethereum Blockchain powered by Proof of Work.
It is distributed to all ETH holders who claimed it, so it should have the same supply as Ethereum ETH of 122 Million coins.
Assuming that all the holders claimed the tokens, which is hard to believe, at the current price of $8.9 the market cap would be around 1Billion, which it is lower than Terra Classic LUNC which i consider a worthless coin.
Compared to Ethereum`s market cap of $172 Billion, this ETHW was quite a small dividend, 0.55%, after the Merge.
I don`t think too many people sold it because it`s "free" money.
I would rather long it here!
The resistances i`m watching are $29 and $51.
Looking forward to read your opinion about ETHW.