Ethereum still looks bullishConsidering the breakouts that Ethereum has had on the chart, it seems that it is going to sweep all the liquidity pools on top of the chart.
The rebuy range that has a good R/R is the green range.
Closing a daily candle below the green range will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Etheriumanalysis
ETHEREUM more correction expected for the price ❌🧨Hello 🐋
the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
ETHUSDT - Spring Pivot FormationFor this instrument we see a reversal formation through the claimatic volume.
Subsequently, the stop of the movement through the Spring zero point, which formed the lower boundary of the
boundary of the trading range (ICE). We also observe the primary and secondary test (BTI)
which subsequently breaks through the level without any resistance from the seller.
This formation tells us that the initiative passes from the sellers to the buyers.
After the formation of the upper boundary of the trading range, there is a signal SOT,
This signal indicates that locally the strength of the buyer has decreased.
For further upward movement the chart has left to test the lower border of the trading range.
At this period we expect the resumption of buying with excellent volume, results and progress.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ETH - what's coming in the near future on 2D?The price has broken the main trend line in blue colour on 2D. The purple horizontal lines are liquidity levels - this is where the price always heads to. Keep this in mind.
The price has tested Ichimoku support (red colour line of the light green cloud) couple of times, but did not break it.
Currently the price is moving up either within an ascending wedge between black line and blue trend line OR is moving up within black coloured channel towards liquidity level and BB medium.
The indicators unfortunately are not showing much. Stoch RSI and MACD are only suggesting a prise rise, but are yet to provide a confirmation.
Price reversal - I see 3 potential points at this time:
1. At descending trend line in green colour.
2. At liquidity level around 4,010-4,030 USD.
3. At Ichimoku's cloud resistance that coincides with a dotted blue line.
In either case, price reversal should be confirmed by a daily candle which closes with a pin bar or bears engulfing pattern + a vertical volume should give us a long green candle on that day - then a price reversal and a drop to 3,195 USD becomes most likely!
I will update this ETH analysis as we go along.
Ethereum TOWARS $4,000 ??Ether started to retrace earlier in the week, following a failed attempt to sustain price action above $3,600. It became difficult to hold support above $3,500, resulting in a further deep to $3,400. correction was healthy for Ethereum , whose bulls needed to take eth to $4,000.
SUMMARY ::
Trend: Bullish
Support: $3,400 & $3,250
Resistance: $3,850 and $4,000
Etherium (eth) update from 1 hour chartUpdate :
The white arrow candel seems like 50-50 bear vs bull could be the boundaries of consolidation zone, let's wait and see which side price will break.
The pink arrows are marked indicating a small double bottom forming near resistance, this means price tends to remain at resistance zone forming a bullish sign, looks good on long side build up, let's see if it break above and retest halt above the zone,
As trend identification
Move >> consolidate >> move pattern (on either side) currently it is in pause phase and range bound
Rsi looks strong above 50 lvl and no divergence
ETH - I'm waiting for correction and building new trendline 🤨Right now I don't see a clear situation for traders.
At the moment ATR is over 100%, the correction has already started and we are going to go to the first and second area, after that, I will wait for the trend line creation, the break-up, and the retest of this line, and this moment can be a good point to enter the position.
Write in the comments all your questions and instrument analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETHUSD: What should we do now?If we take a look at ETHUSD price level, we can see that 203.20 has a strong support level there. Many movements have been rejected or fakeout at that support level but we recently see a strong breakout in that price level. This bearish movement was a large volume, breaking that strong support level as well as the trend support level (Green Line). I will say that this movement shows a strong break out of 2 support level making this fakeout least possible. So where should we sell??? We should see price level retesting back that strong support level which now becomes a strong resistance level for ETHUSD. If not, minimally we should see a retest to a weak resistance level @ 198 price level. To determine it, wait for a nice rejection in price level before heading to the downside.
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