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Ethshortsetup

Can ETH get to $350???!!!?!?!?!?!First, if you like the chart/analysis please hit the like and subscribe as I am getting serous about sharing my thoughts. Second, not investment advise, just sharing my thoughts and looking for my posts to be a landing place for thoughtful conversation on crypto. ETH is near where it was in Late Feb. just before the global lock downs. Volume is strength and consistency is impressive. The MACD line is far above the signal line, this is a concerning as it can indicate a reversal coming soon. The RSI indicates an overbought marketplace, a bearish sign which happens to coincide with a major downturn in March. What do you all think? Does ETH still have some gas in the tank for another push?
by DrogonAzul
ETHBTC |S/R Flip | 55 EMA | Short Trade Today's analysis – ETHUSDT – A bearish re-test of local resistance will form a local swing high failure, validating a short trade with daily support as the immediate target. Points to consider: - S/R flip - 55 EMA (visual guide) - Below average volume - Oscillators below 50 ETHUSDT needs to hold the re-test at local resistance to establish a lower high forming a bearish bias in its local trend. However, price breaking above daily resistance negates the thesis. The 55 EMA will act as a visual guide; price trading below this indicator will support the bearish bias. Volume is below average, an influx is likely as price retests resistance. Volume influx is necessary as this will help dictate the strength of the move and avoid fake outs. Both oscillators below 50, trading below this level retains the bearish bias indicating weakness in the market. Overall, in my opinion, a strong price rejection upon re-test of local resistance with volume follow-through validates a long trade with technical targets below and defined risk above resistance. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Short
by Kudiiee
3
It seems to need a break UPDATEETH is showing positive signs above $ 202 and $ 200 support, and is likely to be close to $ 220 and $ 225 in the near future. ETH has good sales at $ 202 and $ 200 support. The price is currently trying to break the upward trend above $ 207 and the average 100-hour simple move. There is a downtrend with the resistance at around $ 207, which seems to be falling sharply above $ 207 and $ 210. ETH prices could rise sharply In the past few days, ETH has risen above $ 200 and has risen to a critical and sensitive $ 210, trying to continue above $ 212, and is expected to be close to $ 212. There is now a break below the $ 210 level and an average 100-hour fast move. Today, Bulls defended a key $ 202 support area. ETH also gained support from $ 195 to $ 212 near an upward movement. ETH is currently on the rise, testing the $ 207 resistance. If the ETH rises above the $ 207 and $ 210 resistance levels, Bulls are likely to take full control. The immediate and strong resistance is near the $ 212 level, above which the Bulls are likely to test the $ 220 level. Any further gains could open the door for a $ 225 move or a $ 230 resistance zone in the short term. ETH can also be downgraded if it tries to move above $ 210 or $ 212. Initial support is close to the $ 205 level, and the first major support is near $ 202 and $ 200. In order to predict the pessimism of ETH , we can consider the downward trend near $ 195, which if the price goes down to $ 195, there is a possibility of further reduction to the support level of $ 182 and $ 180. Compared to yesterday, ETH is trading at around $ 207, with a one percent drop in price, and is in the red.
KRAKEN:ETHUSDShort
by mobinir
9
The Great Rising Wedge on Ether Ether has clearly been leading the market. But now we can see this huge rising wedge which if breaks down could make the price fall massively. The trend is still very bullish and this wedge could easily be invalidated but I think this is a good risk-reward situation. Entry between-195-200 SL:207 Target: 168-172 On the other hand bitcoin looks solid and alts like XTZ NEO and ETC are showing promising signs. EOS and BCH should also have made gains so in totality still a lot of indecisiveness but if you are long then this might be a good hedge against the trend. In addition to all this there is a 3D bearish divergence on Ethereum. Good Luck!
BITFINEX:ETHUSDShort
by TheDigitalStonks
4
ETHEREUM mysterious bus to 170 or 155 MULTI TIMEFRAME Hi friends, Today I come with a new analysis on Ethereum for the futures lovers( ETHUSDT ) But before I kick start, kindly show me some love by LIKING this post. In my last analysis on April 17, I talked about ETH going to 200 while price was still at 152 with main TARGET as 164, 176 and 200. I am happy to say today that all TA calls was successfully hit.The good question here remains WHERE IS ETHEREUM GOING FROM HERE? using multiple timeframe(1hr, 4hrs, 24hrs) I will try to explain why the next bus is heading to 176 -155 in the meantime. 1HR CHART ANALYSIS PATTERNS OBSERVED -RISING WEDGE BEARISH PATTERN (this pattern holds three characteristics : first, the converging trend lines; Second, a pattern declining volume as the price progresses through the pattern; Third, a breakout from one of the trend lines - Declining volume -MACD Divergence POSSIBLE OUTCOME FROM THIS ANALYSIS I anticipate a breakout reversal base on the 1hr timeframe, and here is why While price can most likely be out of either trend line above, wedges are known to have a tendency to break in the opposite direction from the trend line. Therefore permit me to say that the rising wedge above won the 1hrs is indicating the more likely potential of falling prices after a breakout of the lower trend line. Also you can notice the decline in volume of BINANCE:ETHUSDT For STOP LOSS, I would say that wedge patterns converge to a smaller price channel most times, the distance between the price on the entry of the trade and the price for stop loss is relatively smaller than the start of the pattern. 4HRS CHART ANALYSIS PATTERNS OBSERVED -using momentum indicator like RSI shows BEARISH DIVERGENCE (price continue to form higher highs while RSI is forming significant lower highs -Strong Decline in Volume -Using PIVOT POINT, (we are currently on a strong resistance at R1also known as Resistance 1 is calculated by = (2*Pivot Point) - Low ( previous period). I will leave the explanation of how to calculate Pivot Levels for another post. - Declining volume 24hrs Chart The 1D chart says a lot, it shows that we still have a chance to go up higher than 200 after the pull back is over . Trade Setup Entry = If price closes and open below 193 enter a Sell Target = 176, 164 and 155(take profit at each point as any of this support might lead to reverse) For STOP LOSS, I would say that wedge patterns converge to a smaller price channel most times, the distance between the price on the entry of the trade and the price for stop loss is relatively smaller than the start of the pattern. kindly show your love by liking and commenting you views
Short
by MachiavelliTrader
9
ETH 12HR RSI Triple TopETH has had a great run since the $90 low in March 2020. But as we approach $200 it seems to be losing steam a bit and may be due for a correction. I don't like calling tops or fighting trends but there is some compelling evidence to indicate that $195 is a good short opportunity. The RSI on 12HR has clearly triple topped and price has been consistently dragging against the parabola uptrend for the last couple days with weak bounces off it. It would not be hard to imagine crashing through the parabola for a short-term ~10% TP target at $175. $195 is also right at the resistance level where we previously crashed through on March 11th 2020.
BITFINEX:ETHUSDShort
by gumbyguy
2