Etherium
SNX long position potentialLooking for various indicators in confluence to solidify confidence in SNX long term.
Stop loss 18-19 dollars
Target: set up various targets on the way up 25/30/40
Loading: ladder your position in slowly.. it's a long position and dependent on etherium movement
Please ask any questions.
💡Don't miss the great buy opportunity in ETHUSD Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (2000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 2080
TP2= @ 2145
TP3= @ 2199
TP4= @ 2270
TP5= @ 2340
SL= Break below S2
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XRP to .70¢ then $1! *SHORT TERM*Andrew’s pitchfork with fibbonacci written all over it. Xrp is the bullish undisputed champion of the alt season and the best parts are just getting started! Thank you Jesus happy easter
ETH/USD - potential BUY/SELL on the retracement When compared to the US Dollar, Ethereum gained bullish traction and broke through the $1,950 resistance.
The price of ETH has reached $2,000, and it is expected to rise further.
Ethereum's gains are continuing, and it has recently tested the $2,000 resistance mark.
The price has risen above the $1,950 support level as well as the 100 hourly simple moving average.
On the hourly chart of ETH/USD, a central bullish trend line is forming with support near $1,945.
It's possible that the pair will correct lower, but it's more likely to stay stable between $1,950 and $1,900.
PROS/ETH Breaking SupportPros is about to break a long-time support line in its downtrend.
We should see an uptrend soon.
ETHUSD Trading Plan - 20/Mar/2021Hello Traders,
Hope you all are doing good!!
I expect ETH to make a correction to around 1100-1200 level & then resume the next LONG move.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
CAN Double bottom/Cup and HandleLooking nice with the chart pattern here with CAN. seeing what looks like a double bottom or cup and handle through 4h & Daily time frame. Plus added confirmation of Bitcoin breakout. CAN compared to MARA & RIOT, looks like there still room for price increase. leaning towards the long side on this one still.
What will happen to ETH this week?As shown on chart, candles are above 103 ichimoku baseline. This baseline is a strong and reliable Support line for ETH on 4H period time.
I also draw Bearish retracement fibonacci base on previous bearish market. By bearish Fibonacci you can see resistance line in the chart.
Candles at the beginning of the week are very important. We are waiting to see what are next moves of ETH.
Trade safe by your analysis,
Good luck
*Please don't forgot to like and follow me.
ETH Potential Buying Opportunity Is NearingEven though it seems like ETH doesn't have that much of a % rise up as some other altcoins (400%-600% at most, while some others are waiting for a 1500-2000% gains), it can still be a good buying opportunity as it corrects, especially for a short sellers. We can still expect 400%-600% rise from expected correction point.
As far as how deep this correction could go,... if it manages to brake beneath 0.786 fib. retr. level ($1135) it most likely won't brake beneath 0.618 level ($911), but even if it does, it won't be much deeper and should quickly bounce back up as BTC finishes its corrective move.
I am not a financial advisor so don't buy anything that a say. Wish you all successful investment.
BITSTAMP:ETHUSD