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Ethusdanalysis

ETH/USD LONG Set Up after testing $1706Ethereum (ETH/USD) weakened early in today’s Asian session as the pair depreciated to the 1750.63 area after trading as high as the 1893.75 area during the European session, with the interday high representing a test of the 78.6% retracement of the depreciating range from 2041.42 to 1356. Stops were elected below a series of downside technical support levels, and technical support finally emerged just above the 61.8% retracement of the appreciating range from 1493.28 to 2041.42. Chartists note this area was also just below the 50-bar 4-hour simple moving average. Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. If ETH/USD extends its upward strength, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels. Some areas of potential technical support during pullbacks include 1403.13, 1205.96, and 1008.79, with stronger technical support likely in place around 1296.30 and 1066.14. If ETH/USD extends its recent depreciation, potential technical support includes 1285.87 and 1205.96. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 1719.53 and the 200-bar MA (Hourly) at 1809.35. Technical Support is expected around 1285.87/ 1205.96/ 1128.29 with Stops expected below. Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. Title/(Date): ETH/USD Long Set Up Asset:CRYPTO Order Type:Market buy/ Buy limit Time Frame:1D Entry Price 1: $1,718.00 (Active) Entry Price 2: $1,704.00 (Pending) Stop Loss: $1,688.00 (300 Pips) Take Profit 1: $1,748.00 (300 Pips) Take Profit 2: $1,818.00 (1,000 Pips) Take Profit 3: $1,868.00(1,500 Pips) Take Profit 4: $1,918.00 (2,000 Pips) Take Profit 5: $2,018.00(3,000 Pips) Status: 🚨Pending🚨
COINBASE:ETHUSDLong
by MavRich_Trading
2
ETHUSD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
BINANCE:ETHUSDShort
by GWBFX
2
ETHUSD - Buy Entry - D1 Daily ChartETHUSD - Buy Entry - D1 Daily Chart Buy @ Current Market Price Stop Loss @ 0.5% to 1% of your Account Balance Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 DISCLAIMER 🔺 The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
COINBASE:ETHUSDLong
by UnknownUnicorn5418842
5