Ethusdanalysis
ETHUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity ETHUSD
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EthereumPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line or S / R Level. Completed " 1234 - abcd " Impulsive Waves at Fibonacci Level - 38.20%
Entry Precaution :
Wait until it Rejects or Breaks the UTL
#ETHERIUM Trading Strategy!🚀 #ETHEREUM : A Closer Look 📊
Examining two exciting scenarios:
1️⃣ A retest of the Blue MA, potentially shaking out weak hands and paving the way for a push to $2000-$2130.
2️⃣ A successful breakout and retest of the Blue Flag.
In both cases, bullish sentiment prevails. The Blue MA has a strong track record in previous rallies.
Trading Actions:
For spot holders, HODL strong.
Futures traders, consider entering at $1710 for a long position with a target of $2000+ and a stop-loss below $1635.
#Altcoins may offer better risk-reward ratios thanks to ETH.
Remember to DYOR. This isn't financial advice.
Share your thoughts on ETH! 💬
#Crypto
A small dip in ETHEREUM and the a rally towards 3000!!The crypto is seen making impulse waves from June 2022 and has completed a structure of 1-2-I-II till now, meaning it completed the wave II of 3 and started off in the wave III of 3.
The recent oct 2023 rally is the first leg to the bigger III wave that is forming.
It would be a wise to wait for a meaningful retracement to this oct wave for a good entry. The 50% retracement of wave i of wave III of wave 3(i.e. current oct rally) is at 1687 and 61.8% retracement is at 1646. The B wave dip can take the crypto to these levels and that should be considered a good entry to go long towards 3K mark.
Note*- this post is for educational purpose only
False breakout in ETH? Time to analyzeDear traders, Ethereum broke out of the 1750 resistance level on
24 October. However, we are seeing the absence of a follow-through
here.
If you notice the last few daily candlesticks, you can see some long wicks
at the top of each candlestick. This indicates that we might have had
a false breakout. If ETH falls back below 1750, expect another drop
to 1540 soon.
Ethereum Quietly bounces off key support Ethereum - CRYPTOCAP:ETH
Bitcoin has been stealing the stage but is quietly confident making firm support in the background
Eth has bounced from a long term diagonal support line and currently challenges the 200 week MA
Hopefully we can turn the 200 MA into support
PUKA
Ethereum bullish divergenceETH 1day shows bullish divergence with price heading up into the downward trendline resistance The double bottom pivot at 1530 was well into the lower levels of the upward facing Regression Chanel with other parameters reset ready for the next run We expect some resistance around the low 1700 area before moving back into the 2000 level for the next washout This area looks a logical exit point for early leveraged traders
ETHEREUM: WAITING FOR A POSITIVE MOVE.ETH has been under the bullish falling wedge for quite some time and till now it has failed to show any positive move. With the pattern ETH is forming, it will be important for ETH to break above the resistance trendline for a positive confirmation. A breakdown below the supporting trendline will ruin the chart and make things more complicated.
I am expecting a breakout soon. What's your opinion? Let me know in the comments.
Thank you for reading.
Trade safely.
Regards,
Team Dexter.
Ethereum to continue LowerThe previous overall count remains valid, please find the link attached.
We seem to be bouncing back and forth between the 61.8% and equality of wave c vs. a.
Looking for that one last leg lower into wave 5 of c before considering longs.
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Trade safe.
Ethereum: one more low before takeoffHello,
looking for one more low to complete wave c of (ii) before we could se any sort of upside resumption.
By making another low we will also touch equality of c vs. a which is usually a place where we can expect support from
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