Ethusdanalysis
ETHUSD DAILY CHART ANALYSISLook at the chart and remember the TRENDLINE color. If ETHUSD goes up it will face RESISTANCE at the BLUE color TRENDLINE that is the at the price of 3170. If it falls from the BLUE TRENDLINE then it will fall till the RED TRENDLINE, because there is the SUPPORT(2735). If it breaks the RED TRENDLINE it will then take SUPPORT on the GREEN TRENDLINE that is (2365).
ETH/USD Multi-Timeframe analysis - update !!!Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice.
ETHUSD 15M Short EntryI made this chart when it respected the resistance, forgot to post it so sorry about that!
Chart is still good to play, treat TP1 like the new resistance line since it was broken through, and so far has been respected. Ride it to TP3, wait to cash the trade and see if TP3 is broken through, if its broken through you can stay in the trade until it hits major support. everytime a take profit line (support line) is broken through treat it as resistance to read the reversal. For example if a candle breaks through and completes UNDER TP3, but the next candle completes ABOVE TP3 that is a reversal and the support line is still good. I'll start posting more frequently so everyone can get in early like I did.
ETHUSD 29/1/2022 4HRUpdate:
we have seen continued downside momentum as discussed in my last analysis. I think we are beginning to get exhausted and possibly looking to reverse. firstly looking at this ascending triangle on the 4hr chart, we did see a bit of a fakeout to the upside before quickly breaking back down and hitting support. I am expecting to see another test of the support before finally pushing to the upside. might be a boring weekend filling out the range here or if we see a break to either direction it will be very volatile.
keep in mind this pattern is on the 4hr chart so to stay in this range till Monday is very likely. my big target is breaking above the green price target or thick red line. you can see we perfectly tested it as resistance on the way down and was a perfect entry for a short position. so my alert is set for that I would probably look to get in a long position around the support area allowing a tight SL incase we see further downside. I think an analysis of the DXY is necessary to try and see where price is likely to go.
ETHUSDT - Diamond Pattern!!ETHUSDT (4h Chart) Technical analysis
ETHUSDT (4h Chart) Currently trading at $2543
Buy level: Above $2560
Stop loss: Below $2289
Target 1: $2720
Target 2: $2925
Target 3: $3180
Target 4: $3400
Max Leverage 3x
Always keep Stop loss
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Ethereum to break supportAs in Bitcoin's case, bulls don't have reasons to be happy at all...
After the recent drop under 3k, Eth started to correct, but this rally was short-lived and very well capped at 3.4k. A double top has formed here and now we are sitting exactly on the neckline's support. A break here looks imminent and the cryptocurrency can accelerate losses to 3k again
Also, a continuation to the downside will confirm that a lower high is in place and EthUsd can drop to very important 2750 support
Sell rallies can be a winning strategy for this crypto and only price above 3400 would negate this scenario.