ETH/USD Analysis Bearish MomentumHello All Traders! Write Your Feedback In Comments Section Keep Support Me Thanks
Ethereum (ETH/USD) illustrates a technical Analysis based on price Action and chart patterns. include Key Points
Descending Breakdown: After trading within a rising wedge (blue channel) pattern, Ethereum broke below the lower trendline, signal as bearish momentum.
2. Support and Resistance Zones:
Resistance zones are marked around $3,700–$3,900 (green).
A strong support zone is identified near $2,450 (red).
3. Bearish Outlook: The price action suggests further downside potential after the breakdown from the wedge, targeting the major support zone at $2,450.
4. Short-Term Trend: Currently bearish, supported by the price trading below the key Ichimoku cloud and recent lower highs and lower lows.
We Should watch for confirmation of the bearish trend or potential reversal signals at the support level.
Note: This Idea Only For Educational Purposes and not A Trading Advice Thanks For Your Support
Ethshortsetup
#ETH/USDT#ETH
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 3300
Entry price 3340
First target 3387
Second target 3464
Third target 3556
ETH IdeaEth pair has formed a double top pattern and broke the neckline
Retested and got rejected
so we're in a short (sell) position
our take profit will be the 0.76 fib retracement which will be our support zone
once it get reject we can enter a long position with targeting a new high
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#ETH/USDT#ETH
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 2452
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2525
First target 2613
Second target 2686
Third target 2771
ETH (Crypto ETHEREUM) SELL TF H4 TP = 2286.86On the H4 chart the trend started on Sept. 27. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 2286.86
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Ethereum downside or breakout?Watching Ethereum (ETH) closely after it reached a high of $3,040 on a 4-hour timeframe chart today.
If support at $2,923 crumbles. A break below this level could send ETH down to $2,874.
However, there's also a chance for a breakout on the upside. If Ethereum can overcome resistance at $3,100, it could surge towards $3,160 or even $3,200.
ETH: sell in best level📊Analysis by AhmadArz:
🔍Entry: 3137
🛑Stop Loss: 3182
🎯Take Profit: 3110 - 3086 - 3041 - 2986
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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ETHEREUM / ETHUSDTLet's see...
Good Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Daily Ethereum Update - March 5, 2024Since yesterday CRYPTOCAP:ETH has been showing more strength relative to Bitcoin, which is interesting since the spot ETH ETF was delayed yesterday and should have been bearish for ETH's price action. I think ETH is making some upward progress to the $3,944.66 price target discussed in previous updates.
ETH → Ethereum Falling to $2,200!? A Prime Short Opportunity!Ethereum has reached the Resistance Zone at $2,850 and has shown the first signs of resistance. Should we enter a short?
How do we trade this? 🤔
The conditions are such that we should be looking for a short entry. We have three pushes up since the start of the last bull leg from $2,200, a strong Resistance Zone at the current price, and an RSI that is overbought at 78.00. We are in the potential short territory but need the sell signal and confirmation prior to entering a short.
Wait for the price to fall sharply and watch the candles after. It's likely we'll get a re-test of the $2,850 area before another sell bar occurs. Once that sell bar occurs, a 1:2 Risk/Reward Ratio is available to us if we enter the market at around $2,825. Set your stop loss into the Resistance Zone above the previous high and target 1:2 R/R for a take profit in the $2,350.
💡 Trade Idea 💡
Long Entry: $2,825
🟥 Stop Loss: $3,025
✅ Take Profit: $2,350
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. We have three pushes up since the start of the last bull leg from $2,200
2. Early signs of resistance at the current level
3. Strong Resistance Zone at the current level
4. Gap to the Support Zone
5. RSI is overbought at 78.00 and above the Moving Average, supporting the drop in price
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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ETH ETHEREUM Technical Analysis and Trade IdeaEtherium has entered a notable support zone, prompting a discussion in this video regarding two potential trade scenarios. The first involves the market being somewhat overextended, presenting a potential buy opportunity as it interacts with support. The second scenario considers a retracement back up into resistance, offering a potential sell opportunity. Throughout the video, we analyze the prevailing trend, market structure, and price action. It is important to note that this content should not be construed as financial advice and is intended solely for educational purposes.
ETHUSD - MY BEARISH SCENARIO DESPITE ALL THE HYPE (TARGET 2100) Yes I know it's bullish on paper but here's a contrarian idea to bring some perspective.
What's do we see? (follow the numbers on the chart)
1) The high that's the base of the resistance trendline.
2) A breakout structure that presents sellside liquidity (potential target).
3) A major consolidation that gives a lot of sellside liquidity which to me is a big driver of this bearish analysis.
4) This is a big breakout that led to a lot of hype. What if ETH breaks free from its Bitcoin chains? Well I don't believe it. Right now Bitcoin is still the driver of the crytpo market and that's just fact.
5) The high, aka buyside liquidity, that isn't random. It ended perfectly at the top of the weekly FVG. This to me justifies the consideration of a bearish scenario, ESPECIALLY because BTC is also bearish in my eyes.
6) A re-entry of the range. This is typical for most price action.
7) Liquidity taking. Those lows are just too attractive to not be taken out. But again who knows?
Anyways thanks for reading and happy trading! ;)
ETH & BTC - OMG WHAT IS HAPPENING?! (CROSS ANALYSIS)Don't panic, this was expected. It's not the end of crypto, it's just a healthy correction that we need once and a while to justify a rally in the future. Price cannot always go up even though we wish it was that easy.
What is on the charts? (3 steps)
1) The consolidation that had us wonder what was going to happen. (Again we forget that there is also option trading amongst other things with Bitcoin and time plays a big role. In fact, time is so important that if you can control when price will drop just by being a big player, you can put everyone out of the money right at contract expiry. One of the many ways whales will f*** you. How do I know? I don't. But if I had the ability to move markets I'd do just that.)
2) Bearish structure that could have been a short entry but obviously I prefer a double confirmation. Double confirmations just put probabilities on our side. When money is on the table, you either gamble or play the probabilities game. That's what we're doing here: trading not gambling.
3) Sellside liquidity taken out. This is our signal. If not now then when? Again this isn't me telling you to short. Who am I? No one, do your own research.
So what now?
We want a retracement in the reload zone and the 0.702 + FVG is THE place to be. If it goes higher then I'd cancel the idea for now. Again the DAILY ANALYSIS supports the short and that's what matters.
As always, happy trading and stop gambling you ape. ;)