Ethusdforecast
Ethereum ready to take offIn my previous EthUsd analysis I said that I strongly bullish on this crypto and I expect 3k to be reached. My opinion is not changed, more, is reinforced.
If you'd looked at price action these past few days it is clear that dips under 1200 were bought aggressively and bulls are in total control.
At this point Ethereum is trading in the last recent high zone and slightly under its all-time high, and I expect a strong break above.
Although is far at this point, but only a drop under 1000 would change my strongly bullish opinion
EthUsd- Can it reach 3k? My opinion is YESAt this point, Ethereum is trading slightly under its all-time high (20% not being so much in the crypto world) and, simply looking at BTC after breaking above its ATH we can see that it doubled its value pretty quickly. Furthermore, we are in an extremely strong bull trend when it comes to crypto and I expect this to continue for the first part of 2021.
In my EthBtc analysis, I said that I expect a break above neckline resistance of the H&S and a challenge of 0.06 figure.
Putting all together, a bullish bitcoin that can go above 50K , a bullish ethbtc that can break above resistance I will reduce all to simple math:
50.000 x 0.06 equals 3k for EthUsd
Ethereum- towards 800 before a deep correction?Just after Christmas high, Ethereum has entered a consolidation stage between 700 and 750. Now the cryptocurrency looks ready for a new leg up towards 800 and with a BTC just under 30k a new wave of crypto-optimism is very probable. Dips should be bought and only a decisive drop under 700 would chance my bullish outlook.
ETHUSD 16% Drop was expected will it reach 400.00 level ?ETHUSD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Price around 450.00 and in consolidation phase
2️⃣Trading within arising channel
3️⃣ Crypto's in uptrend and broke of 400.00 level
4️⃣ 430.00 Dynamic support and resistance
5️⃣ 500.00 will acted as strong resistance-Key psychological level
6️⃣ 490.00 will Acted as strong support-Possible entry point
7️⃣ Technical support - bullish
8️⃣ 420.00 will acted as key reversal-Bullish
9️⃣ October high-Immediate resistance-Alternative bullish entry
🔟 Possible swing target-420.00 lower counter trendline
#️⃣ Overall bullish trend-Within a rising channel
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📉 Technical bias-H4-Bearish
Price is above 50,100,200 Exponential moving average
50 Exponential moving average will act as resistance Bear
Relative strength index - well above 50 - bullish trend
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 50(Neutral area) The decision was neutral here
Ichimoku cloud -cloud is still green-Middle line supports bullish trend
Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band
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Key reversal area's
400.00 psychological level
384.00 Point of control area Volume analysis
422.00 Oct month high
332.00 Oct month low
488.00 Sep month high
311.00 Sep month low
400 50% Fibonacci retracement level
500.00 Major psychological level
488.00 Possible entry- Bear
420.00 Trendline resistance/Alternative bullish entry
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Bearish entry #Etherium #ETHUSD
Entry price - 488.00
Take profit 01 - 440.00
Take profit 02 - 410.00
🚫 Stop lose 510.00
⬇️16% Drop expected
⤴️ Account growth 4.5: 16
✅ Risk reward ratio 1 : 3.5
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Ethereum- Where to enter- Buy and hold tradeEthereum accumulated almost 2 years and finally broke above 300 resistance. The price reached almost 500 and now is correction/ consolidating.
I expect a strong bull run for this cryptocurrency and 400 could be a good place for a buy and hold trade.
I expect for ETH to at least double its price in 2021, but this prediction could be pessimistic and ETH could easily pass 1k in 2021