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Ethshort

ETH Overbought - Corrective WaveCrypto markets have seen a nice pump in the past week, but ETH is currently overbought on RSI at the 6H, 4H, 2H and 1H, and has bumped heads with the long downward trendline originating at the start of December. Medium term this may be the start of a big reversal that sees us heading back up, but in the short term I expect we will see this trendline acting as resistance and ETH to take a breather, stepping back to the 2750-2800 level, which sits between the 0.236 and 0.382 Fib levels.
BINANCE:ETHUSD.PShort
by HayeTrading
14
ETH /USDT (Interval 1D)ETH broke out from rounding top pattern on a daily chart, I have marked the target of rounding top pattern which is $1248. This pattern can possibly play out with a flash wick down to this level. Another interesting thing to notice is that soon we will see death cross, Last death cross on ETH happened on Sept 2019 which lasted for over 4 months. ETH is barley holding $2480 support and as we all know supports turn to resistances in bearish trend so less likely ETH will hold. If you want to buy eth, Place ladder down buy orders to accumulate.
Short
by NasirCrypto
4
ETHBTC reaching possible top for this move | ETHBTC SHORTThis is idea of possible 3th wave top, where we can maybe see B for running flat before drop to C target. Drop to C of possible extended flat will invalidated this 12345 move if enter in zone of second wave. Also break above target for B wave will consider for new alternate count. Here couple extra screenshots what support this idea. On monthly chart like you see that B target is between two wicks (possible resistance). On weekly chart you can see clear where is all that zone. Also on daily chart we can see that B target can be PRZ for Type II harmonics. ibb.co ibb.co
Short
by CryptoArch_
4
ETHEREUM IN COMPLEX CORRECTION ? Following is ETHEREUM analysis 1) The major five-wave Elliott wave coming from 2017 ended MAy 2021 2) Wave 2 corrected W1 by almost 85-90% 3) W3 started and had a good 161% fib extension of W1 to 2599 4) W4 is simple correction and retraced only 23% as W2 had a deep correction 5) W5 ended at 4367 ------------ A-B-C corection In a complex A-B-C correction W(A) is a 3 wave W(B) is a 3 wave structure and usually ends above W5 Wave(C) is a 5 wave and drastically drops to the start of W(B) I hope to be wrong but lets see what happens in the next few days ------------------------------------------------- (Or) Maybe Wave 3 can be where w(5) ended and we are in a W(4) correction phase and once thats completed we go on W(5) Love your feedback - happy trading
BITFINEX:ETHUSDShort
by JAN360