Etherium prepping for next bull wave, don't miss out!!!We're seeing classic bullish price action on ETH/USD. Higher lows being made, as price comes closer to retest the resistance zone overhead marked in red. I expect a pull back from the resistance zone once before the final launch up to 350$!!
Support - 290.40$
Resistance- 305.15$
In a bull market, supports are always respected and resistances are broken ;)
cheers!!
Etherium
ETH next target $350!!We are currently consolidating just right above the $250 support/resistance level. This is a key level, and i think as long as we can hold above this level, ETH will be visiting the next resistance at $350. The trend is your friend, and etherium has been overall bullish since 2019. Don't let lower time frame chop fog your view of the big picture!
get ready for big pop from ethereumthis is excellent, Ethereum is breaking out of its ascending triangle, any day we are going to see a major push towards 300.
the daily and weekly both showing a brake upwards out of this reversal ascending triangle.
buy signal just popped up on the weekly. shits about to get real
Etherium Price Projection fib extention + elliot wave targetTarget is 1.618 fib extension from current bottom. Currently we can make a little c move down before get into the larger 5th wave up to get to price target of 1.618 fib extension. Please correct me if you see any drawing mistakes. Like, subscribe and share, peace!
ETHUSD targets reached: Ethereum re-entry zones to watch.ETH topped at the Green 4.236 fib extension.
I did not have time to post an idea, but I mentioned its top in Crypto Chat as seen at this link:
www.tradingview.com
Now looking for support zones.
Upon measuring the first dip from the 4.236, the green zones in live chart above are what I see for possbile re-buy.
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Background :
My ETH journey started a Fib observation from the bottom
Once that played out, I was looking for the retrace zones to enter long again
Above zones played out and as bounce progressed I saw 152 and 156 as possible targets
Then I saw the top coming, sold, and was looking for re-entry zones:
Got some long scalps in per above plan, then I saw another leg down to come
The above plan kinda worked, but ETH was more bull than I thought. So now that we have hit another top, watching support zones with current plan
My Advise on Etherium based on T.A Here I'm telling you some of my opinions on ETH/USD
So many people asked me that they should invest in Etherium now or not? Is this profitable to buy now?
When I watched the 1day time frame chart, I found now is the most risk involves.
Technical
1. EMA 50 is acts as resistance in last 10 months. Price tried to break several times but it failed.
2. Price is in downtrend and RSI level is near 70. So it indicates price will come down.
3. Investors will come in near support zones, So I have drawn a downward support in l]red line . Why I consider this line as support ? because price touches this line 3 times, and when it touches price pumps and touches the resistance.
Fundamenta l :
1. Currently Etheruim facing the scale-ability issues.
2. If price falls and continues its down trend for next 1 month, then price can drop another 70%
I will buy if price falls in red line or confermation of up trend.
"Sometimes doing nothing is the best thing"
Ethereum is facing some resistance at $122.66.The 20-day EMA is gradually turning up, and the RSI has climbed above the 50 level. This gives us confidence that the short-term trend has changed in favor of the bulls. However, the long-term trend is still down as the 50-day SMA continues to slope down.
After a long downtrend, we expect the ETH/USD pair to form a basing pattern before starting a new uptrend. On the downside, any dip will find buyers at $100 and below that at $83. Our bullish view will be invalidated if the price plunges below the Dec. 7 low.