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Ethusdforecast

ETHUSD double bottom and break of trend line + Bullish engulfingETHUSD Around 309.00 area price got rejected twice and formed a Double bottom and bounced back from this level Currently the price is above .236 Fibonacci retracement level. In 4 hour timeframe we are expecting a bullish engulfing candle. And its also reached a price action level and previous lows may turn support for the bear Series of Higher high Higher low and Higher high was forming which is a bullish sign. In Elliot wave principal the 2nd wave is completed and the 3rd way is underway. We are expecting this 3rd wave will end at .50 Fibonacci retracement level and resistance zone and a key psychological 400.00 level .50 Fibonacci is coordinated with the Lower high of Previous lower side impulse wave. And this level will act as resistance for the bull. If this level broken then the next target would be 450.00 which is a .786 Fibonacci level and swing area The 50,100,200 Exponential moving average is acting as resistance for ethereum. RSI managed to move above 50 mark If the USD will remain weaken we can expect this crypto will visit the 2020 high level which is around 490.00. On downside 310.00 will remain act as a major resistance level Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
COINBASE:ETHUSDLong
by forexorbit
ETHEREUM has broke the previous year July high levelETHEREUM COINBASE:ETHUSD On month starting this cryptocurrency has briefly reached the 490$ per one ETH. As the bitcoin tumbles ethereum has also giving back some of this yearly gain. And the price is currently trading below the July-2019 high which is previously acted as support for the bullish run. In daily chart strong bearish engulfing pattern is underway. If the price close below the 364$ mark in daily timeframe. More sellers will get in to the action. The next target will be around 300$ level which is the next major resistance zone. Stop lose may place above 400$ level. In Elliott wave analysis the 5th major wave is completed and the minor correction waves are forming and will update about the wave formation in coming days Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
COINBASE:ETHUSDShort
by forexorbit
2
ETHUSD to see a downtrend further4hr)| Bearish MomentumMarket in last 24hrs ETHUSD saw an uptrend and got rejected from the upper Bollinger band Price volatility was very high. The market moved ~6.13%, between $486.00 and $457.95 Today’s Trend analysis ETHUSD expected to see a downtrend as the price got rejected from the upper band after riding the band Price at time of publishing: $472 ETH’s market cap: $53 Billion Oscillator indicators are mostly neutral. RSI at 73 Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral Volume indicators observed a decrease as the price rides the band and rejects Price expected to see a downtrend as the price got rejected from the upper band after riding the band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, signal line approaching the MACD line from below with histogram size decreasing in positive direction. RSI at 73, in the overbought region decreasing, suggesting a trend reversal soon. CCI with a value of around 167 in the overbought region with a down move indicating a downtrend. Another interesting point to notice here is that the Bollinger band expansion takes place with a decrease in volume as price falls. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 Hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:ETHUSDShort
by Mudrex
5
ETH/USD Rockets To 2-Year Highs Technical Analysis (09/01/2020)Technical Analysis 1 September 2020 Ethereum (ETH/USD) extended recent gains early in today’s North American session as the pair appreciated to the 473.53 area after trading as low as the 428.65 area during the Asian session. Stops were elected above the 474.59 area, an upside price objective that represents the 50% retracement of the historical depreciation from 828.97 to 80.60. Additional upside price objectives include the 487.55, 498.68, 516.03, 517.38, 531.80, and 543.09 areas. The pair’s ongoing upward momentum was confirmed yesterday when buying pressure emerged around the 418.79 area during a pullback, representing the 61.8% retracement of the historical depreciation from 627.83 to 80.60. Stops were elected below the 398.91, 397.08, 396.37, 392.67, 386.63, 384.29, and 382.47 areas during the pair’s recent depreciation from the 447.50 area, and traders are curious to see if these levels provide any technical support during pullbacks. The 396.69 area remains an important technical level, representing the 23.6% retracement of the historical depreciation from 1419.96 to 80.60. Following the pair’s recent appreciation, important technical levels include the 416.00, 409.64, 389.91, 383.02, 374.83, and 360.04 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below 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 100-bar MA (4-hourly) at 407.83 and the 50-bar MA (Hourly) at 433.80. Technical Support is expected around 349.75/ 331.95/ 315.08 with Stops expected below. Technical Resistance is expected around 487.55/ 498.68/ 516.03 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. Yesterdays Technical Analysis 31 August 2020 ETH Ethereum (ETH/USD) added to recent gains early in today’s North American session as the pair appreciated to the 439.00 area after trading as low as the 418.16 area during the European session. Some Stops were elected above the 438.40 area during the ascent higher, representing the 78.6% retracement of the recent depreciation from 445.45 to 412.51. Traders had earlier pushed the pair as high as the 439.00 area during the Asian session before profit-taking knocked ETH/USD lower. Recently, bids emerged above the 377.44 area, representing a test of the 61.8% retracement of a recent appreciating range from 362.88 to 401.00. Stops were elected below the 398.91, 397.08, 396.37, 392.67, 386.63, 384.29, and 382.47 areas during the pair’s recent depreciation from the 447.50 area. Following the pair’s recent depreciation from the 447.50 level to the 379.53 area, traders are eyeing upside retracement levels around the 395.57, 405.49, 413.52, 421.54, and 431.46 areas. The 396.69 area remains an important technical level, representing the 23.6% retracement of the historical depreciation from 1419.96 to 80.60. Following the pair’s prior run-up, important technical levels include the 414.17, 396.12, 392.67, 383.53, 376.90, 363.13, and 358.75 areas. Recently, the pair has encountered buying pressure around the 23.6% retracement of the appreciating range from 268.39 to 415.00, and downside retracement levels in this appreciating range include the 373.89, 364.70, 355.50, 344.13, and 342.42 areas. Afte recently taking out the 445.45 level, one upside price objective is the 454.79 areas. Stops were recently elected above the 336.10, 337.33, 342.29, 350.44, 354.22, 366.48, and 369.26 areas during the move higher. Recently, bids emerged just above the 314.07 area, a level that represents the 50% retracement of the broad historical depreciation from the 547.54 to 80.60. A couple of interesting levels that traders will observe during retracements lower include the 301.20 and 301.40 areas, and they are related to buying pressure that emerged around the 241.62 and 319.86 areas. Likewise, the 312.82, 316.32, and 322.16 levels are areas with important technical significance. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below 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 100-bar MA (4-hourly) at 406.75 and the 50-bar MA (Hourly) at 418.57. Technical Support is expected around 349.75/ 331.95/ 315.08 with Stops expected below. Technical Resistance is expected around 454.79/ 487.55/ 498.68 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
COINBASE:ETHUSD
by MavRich_Trading
3
ETHUSD to see downtrend(4hr)| Lower highs observedMarket in last 24hrs -ETHUSD consolidated with price rejecting from midline Bollinger band -Price volatility was high. The market moved ~4.22%, between $393.5 and $377.56 Today’s Trend analysis -ETHUSD expected to see a slight downtrend as price rejected from midline with lower highs -Price at time of publishing: $385 -ETH’s market cap: $43.4 Billion -Oscillator indicators are mostly neutral. RSI at 48 -Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral -Volume indicators observed a decrease in volume as red candles were observed suggesting a weakening selling pressure Price expected to see a slight downtrend as price rejected from midline with lower highs. Most of the Oscillator indicators are neutral. MACD line touching the signal line, histogram size decreasing in the negative direction with about to cross zero. RSI at 48, below to the midline in the neutral region. CCI with a value of around -61 in the neutral region. Another interesting point to notice here is that the volume observed a decrease in volume with red candles observed suggesting a weak selling pressure. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 Hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:ETHUSDShort
by Mudrex
6
ETH/USD Thwarted By 200-Hour Simple Moving AverageEthereum (ETH/USD) found a small bid early in today’s North American session as the pair appreciated to the 412.04 area after trading as low as the 393.75 area earlier in the Asian session. Stops were reached below the 401.57 area during the pair’s move lower, a relative low from earlier this week, with further Stops elected below the 398.91 and 397.08 areas. Buying pressure emerged above the 392.67 area, representing the 38.2% retracement of the recent appreciation from 215.16 to 447.50. Chartists are noting that the pair has recently been capped around or below the 100-bar simple moving average on 4-hourly charts. Following the pair’s recent depreciation from the 447.50 level to the 393.75 area, traders are eyeing upside retracement levels around the 413.05, 419.63, 426.20, 434.34, and 435.57 areas. The 396.69 area remains an important technical level, representing the 23.6% retracement of the historical depreciation from 1419.96 to 80.60. Following the pair’s recent run-up, important technical levels include the 414.17, 396.12, 392.67, 383.53, 376.90, 363.13, and 358.75 areas. Recently, the pair has encountered buying pressure around the 23.6% retracement of the appreciating range from 268.39 to 415.00. Downside retracement levels in this appreciating range include the 373.89, 364.70, 355.50, 344.13, and 342.42 areas. After recently taking out the 445.45 level, one upside price objective is the 454.79 areas. Stops were recently elected above the 336.10, 337.33, 342.29, 350.44, 354.22, 366.48, and 369.26 areas during the move higher. Recently, bids emerged just above the 314.07 area, a level that represents the 50% retracement of the broad historical depreciation from the 547.54 to 80.60. A couple of interesting levels that traders will observe during retracements lower include the 301.20 and 301.40 areas, and they are related to buying pressure that emerged around the 241.62 and 319.86 areas. Likewise, the 312.82, 316.32, and 322.16 levels are areas with important technical significance. Chartists 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 bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 404.78 and the 50-bar MA (Hourly) at 413.54. Technical Support is expected around 349.75/ 331.95/ 315.08 with Stops expected below. Technical Resistance is expected around 454.79/ 487.55/ 498.68 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 Bearishy below SlowD while MACD is Bullishly above MACDAverage. Title :ETH/USD BUY LIMIT ORDER Asset : Crypto Symbol : ETH/USD Type : Limit Order Time Frame : 4hr Entry Price 1 : $331.00 Entry Price 2 : $306.00 Stop Loss : $296.00 Take Profit 1: $371.00 Take Profit 2 : $406.00 Take Profit 3: $451.00 Trail your stop loss Take profit 4 $487.00 Take profit 4 $506.00
COINBASE:ETHUSD
by MavRich_Trading
2
ETHUSD to see downtrend further(4hr) |MACD suggests bearish biasMarket in last 24hrs -ETHUSD saw a downtrend, riding the lower band -Price volatility was high. The market moved ~7.52%, between $431.75 and $401.57 Today’s Trend analysis -ETHUSD expected to see a further downtrend as lower highs are observed -Price at time of publishing: $410 -ETH’s market cap: $46.3 Billion -Oscillator indicators are mostly neutral. RSI at 35 -Moving average indicators are suggesting an downtrend. Ichimoku Cloud is neutral -Volume indicators saw an increase in volume in the last few candles as red candles were observed suggesting a strong selling pressure Price expected to see a further downtrend as lower highs were observed. Most of the Oscillator indicators are neutral. MACD line below the signal line, histogram size increasing in the negative direction. RSI at 35, below the midline in the neutral region. CCI with a value of around -212 in the oversold region with a downmove. Another interesting point to notice here is that the volume was increasing despite the red candles were observed suggesting a strong selling pressure. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:ETHUSDShort
by Mudrex
5
ETHUSD to see a slight downtrend(4hr) | Lower highs observedMarket in last 24hrs -ETHUSD moved sideways with rejection from upper Bollinger band -Price volatility was high. The market moved ~5.71%, between $447.5 and $423.31 Today’s Trend analysis -ETHUSD expected to see a slight downtrend as lower highs observed -Price at time of publishing: $428 -ETH’s market cap: $48.2 Billion -Oscillator indicators are mostly neutral. RSI at 53 -Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral -Volume indicators saw a decrease in volume in the last few candles as red candles were observed Price expected to see a slight downtrend as Bollinger band continue to be squeezed and lower highs were observed. Most of the Oscillator indicators are neutral. MACD line below the signal line, histogram size increasing in the negative direction. RSI at 53, above the midline in the neutral region. CCI came back to the neutral region from the overbought region with a value of around -19. Another interesting point to notice here is that the volume was decreasing as the red candles were observed. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:ETHUSDShort
by Mudrex
4
ETHUSD to move sideways (4hr) | Trade inside Bollinger BandMarket in last 24hrs -E THUSD moved sideways above the midline Bollinger Band -Price volatility was relatively low. The market moved ~3.94%, between $400 and $385 Today’s Trend analysis -ETHUSD expected to move sideways as the price is trading inside the band with relatively low volatility. -Price at time of publishing: $391 -ETH’s market cap: $43.7 Billion -Oscillator indicators are mostly neutral. RSI at 49 -Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral -Volume indicators saw a sudden decrease in volume in the red candle when the price fell suggesting a shift from sellers to buyers implying weak selling pressure. Price expected to consolidate as it is trading inside the Bollinger band with relatively low volatility. Most of the Oscillator indicators are neutral. MACD histogram is changing it’s direction frequently, with the MACD and signal line are moving together. RSI at 49, around the midline in the neutral region with a downmove. CCI drastically decreased from 101 to -8, in the neutral region decreasing downwards. Another interesting point to notice here is that there was decrease in volume in the red candles indicating a weak selling pressure. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume. ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:ETHUSD
by Mudrex
2
ETHUSD to consolidate (4hr) | BB expands with higher lowsMarket in last 24hrs -ETHUSD saw a sudden down move from $398 -Price volatility was very high. The market moved ~9.94%, between $398 and $362 Today’s Trend analysis -ETHUSD expected to consolidate further after reaching a low along with that higher lows were observed -Price at time of publishing: $390 -ETH’s market cap: $44 Billion -Oscillator indicators are mostly neutral. RSI at 51 -Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral -Volume indicators saw a sudden increase in volume in the red candle when the price fell suggesting strong selling pressure. Price expected to consolidate as Bollinger Band expands and higher lows were observed. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region. RSI at 51, around the midline in the neutral region with a strong upmove. CCI drastically increased from -262 to -8, in the neutral region increasing upwards. Another interesting point to notice here is that there were higher lows observed with Bollinger Band expansion. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:ETHUSD
by Mudrex
3
ETHUSD to see an uptrend (4hr) | Breakout expected as BB squeezeMarket in last 24hrs -ETHUSD consolidatedafter rejecting from 400 -Price volatility was low. The market moved ~2.88%, between $400 and $389 Today’s Trend analysis -ETHUSD expected to see an uptrend as Bollinger Band squeeze suggests a breakout -Price at time of publishing: $394 -ETH’s market cap: $44 Billion -Oscillator indicators are mostly neutral. RSI at 56 -Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral -Volume indicators indicates that the volume increased for red candles indicating a strengthened selling pressure. Price expected to see an uptrend as Bollinger Band squeezes suggesting a Breakout. Most of the Oscillator indicators are neutral. MACD histogram is negative, increasing in the negative region. RSI at 56, still above the midline in the neutral region with a downmove. CCI dropped drastically to -2, in the neutral region decreasing downwards. Another interesting point to notice here is that there were lower highs observed. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
BITSTAMP:ETHUSDLong
by Mudrex
2
ETH/USD LONG SET UPEthereum (ETH/USD) was on the back foot early in today’s North American session as the pair weakened to the 382.00 area after trading as high as the 403.64 area during the Asian session. Traders observe that the pair has continued to derive technical support around the 50-bar simple moving average, and has recently encountered buying pressure around the 23.6% retracement of the appreciating range from 268.39 to 415.00. Downside retracement levels in this appreciating range include the 373.89, 364.70, 355.50, 344.13, and 342.42 areas. ETH/USD recently spiked to the 415.00 area, a test of the 418.79 level that represents the 61.8% retracement of the historical depreciation from 627.83 to 80.60. ETH/USD then quickly plunged to the 325.75 area, right around the 50-bar simple moving average on 4-hourly charts, and just above the 50% retracement of the recent appreciation from 229.77 to 415.00. Additional upside price objectives include the 425.31, 437.31, and 454.79 areas. Stops were recently elected above the 336.10, 337.33, 342.29, 350.44, 354.22, 366.48, and 369.26 areas during the move higher. Following the pair’s recent run-up, traders are observing retracement levels around the 373.47, 371.29, 367.84, 360.65, 358.70, 347.82, 344.24, 338.66, 338.30, 331.95, 329.55, 323.87, 322.39, and 315.08 levels. Last week, bids emerged just above the 314.07 area, a level that represents the 50% retracement of the broad historical depreciation from the 547.54 to 80.60. A couple of interesting levels that traders will observe during retracements lower include the 301.20 and 301.40 areas, and they are related to buying pressure that emerged around the 241.62 and 319.86 areas. Likewise, the 312.82, 316.32, and 322.16 levels are areas with important technical significance. Chartists 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 50-bar MA (4-hourly) at 349.26 and the 50-bar MA (Hourly) at 384.90. Technical Support is expected around 305.98/ 293.26/ 281.92 with Stops expected below. Technical Resistance is expected around 425.31/ 437.31/ 454.79 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
BYBIT:ETHUSD.PLong
by MavRich_Trading
1
ETH/USD LONG SET UP Technical Analysis July 28 Ethereum (ETH/USD) rebounded in today’s North American session as the pair appreciated to the 320.74 area after profit-taking pushed the pair lower to the 306.29 level, a test of the 305.98 area that represents the 38.2% retracement of the recent appreciating range from 260.10 to 334.34. Stops were triggered below the 312.46, 310.62, and 309.66 areas, retracement levels related to recent appreciating ranges from the 241.62, 223.85, and 229.77 areas. Traders were able to push the pair to a fresh 2020 high after Stops were triggered above the 328.56 area, a level related to buying pressure that emerged around the 90.00 area after the pair’s precipitous decline this year. Related areas of technical significance that traders will continue to observe include the 312.82, 316.32, and 322.16 areas. Additonal upside price objectives include the 336.10, 337.33, 342.29, 350.44, 354.22, 366.48, and 369.26 areas. A couple of interesting levels that traders will observe on retracements lower include the 301.20 and 301.40 areas, and they are related to buying pressure that emerged around the 241.62 and 319.86 areas. After crossing the psychologically-important 300.00 figure, technical support is now evident around the 309.66, 294.49, 282.06, and 269.72 levels. Title :ETH/USD BUY LIMIT ORDER Asset : Crypto Symbol : ETH/USD Type : Limit Order Time Frame : 4hr Entry Price 1 : $281.80 Entry Price 2 : $273.80 Stop Loss : $265.80 Take Profit 1: $302.00 Take Profit 2 : $322.00 Take Profit 3: $340.00 Trail your stop loss Take profit 4 $360.00 If the market fails to sustain its recent move above the 300 area, traders are waiting to see what will happen around areas of technical significance including the 281.81, 275.07, 267.19, 260.83, 254.46, and 246.58 levels. Stronger bids are likely in place around the 298.60, 285.45, 274.82, and 264.18 areas. Appreciating ranges that are technically significant include the move from 229.77 to 334.34, the move from 233.85 to 334.34, the move from 241.62 to 334.34, the move from 260.10 to 334.34, and the appreciation from 90.00 to 334.34. Important technical levels related to those ranges include the 276.68, 269.72, 254.45, and 241.00 areas, and traders are very interested to observe how price activity reacts around these levels. Chartists 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 50-bar MA (4-hourly) at 280.91 and the 50-bar MA (Hourly) at 318.97. Technical Support is expected around 305.98/ 293.26/ 281.92 with Stops expected below. Technical Resistance is expected around 349.75/ 354.22/ 366.48 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 Bullishly above SlowD while MACD is Bullishly above MACDAverage.
BITMEX:ETHUSD.PLong
by MavRich_Trading
Anybody Seeing This?Given the strong rise in crypto and the stock markets... it seems be logical to move more upwards. 📈 However... that could also be a reason for stocks and crypto to go down. 📉 Whatever the case. We NEVER know for sure. 🤷‍♂️ That's why we place our bets along trend lines, and support and resistance levels. 💵 The flag pattern ⛳ you see here is a classic one. We can expect prices to rise when the price breaks the resistance. On the other hand can we expect the prices to fall when it breaks support... Both are good possibilities to happen. Look for trades with high reward and low risk ratio. You might still lose some trades. But over time you will be making consistent profits. 💰 Be patient... be relaxed... and pray for making the right decisions. 🙏
by AqtiveTraders
2
ETH/USD - an important zone.Yesterday's prognosis paid off with an upward turn. That exit was without me. They wouldn't let me come in. You can see in this analysis: The levels are taken from yesterday. There was a way out, but we couldn't test the level. I certainly wouldn't go long with the current levels. Short is risky. The plan is if we hold on to the yellow zone. We should count on going to the top level for $253... There's a second option in my head. Push ❤️ if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
BITFINEX:ETHUSDShort
by Valeriia_Top
13