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Ethusdforecast
ETHUSD maybe ready to shortETHUSD, like BTCUSD, is giving me the momentum candle I was looking for, confirming bearish price action....if the candle closes in this fashion! It could confirm the sellers are still in charge, and price will likely continue bearish. The fact that it is breaking back into the triangle structure is pretty telling.
Confirmation needed! No confirmation, no trade!
Check out my BTCUSD trade analysis video.
ETH to dip along with BTC in coming daysDue to BTC fall even Altcoins are facing hard time moving up.
Going by the chart, looks like we heading for another fall soon (hopefully last major DIP)
On the chart, ETH have already touched point A & B and it heading for point C which is falling between 1600-1700 zone.
This would be a perfect buying opportunity for the long term traders.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
ETHUSD Longing OpportunityETH is testing strong Daily support area.
A daily close above 1900 would open the door to the 2500 and 3000 area, and if it closes below the 1900 area our next targets would be 1600 and 1400.
Comment below your opinion.
Good luck to you!
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Stay tuned.
This is just an idea, not financial advice.
Ethereum/US Dollar Bearish BiasEthereum/US Dollar.
Our bias is still bearish for this pair. we want the price should come down to retest the 1500 Level, This was a previous high, So once the price retest this level and this level get respected then we look for the buy option for another bullish leg. So let see how the price reacts to this level and we look for the buy option accordingly.
This is not financial advice. It is just an idea, the Market can go in the opposite direction. So we have to follow proper risk management parameters.
ETH Will Bounce Back Towards 3200$ SoonHello Dear Traders,
Bcoz of btc dump ETH Declined 56%. This crash of eth was horrible and unexpected. now eth has reached to demand zone which is 2000$ area. i m expecting soon crypto market will retrace upper side. Eth will test 3200$ soon, whoever bought eth at higher price u can consider to exit at 3200$ zone.
Higher timeframe of eth is highly bearish.
I just sold my ethereum - ETH/USD multi-timeframe analysisI just sold my ethereum - ETH/USD multi-timeframe analysis and historical backtest pattern.
the same pattern was in 2018!
and it repeats itself in 2021!
so I decided to sell my ethereum right now and follow the strategy of "W" formation.
that doesn't mean ethereum will continue down to be zero!
I'm trading not investing .. a big difference.
I just want to earn profit from this pullback.
#ethusd #crypto #ethereum
ETH Ready To Steal The Show Again? - UPDATEThis is an updated cleaner chart to my original ETH post on 4/3/2021. A weekly close above this historical resistance would be very good this weekend.
Click the link/chart for the original post:
Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.
Ethereum- I expect break and accelerationWithout any question, Eth was very strong during this crypto sell-off, and each time Btc made a new lower low, Eth made a new higher low, indicating that bulls are very strong here.
At this point, EthUsd is trading in strong 2500-2550 resistance and I expect a break to the upside sooner rather than later
Considering the strong bullish pattern, EthUsd should accelerate up after the break and reach 3k target pretty quickly
Ethereum showing bit of weakness, where is the support ?After making new high couple of days back it rejected the previous high price and tried to find support at 2060. Nearest support is the trend lines and 2132 level. If that fails, it may start correcting to 1900 level. Support levels en route are 2050 and 1965. However before it goes further down, most likely it will test 2350-2360 level. Close above 2370 would be a sign that bulls are back again. Close below 2132 would indicate bears are in charge.
Ethereum- Best crypto to own these days?I was bearish crypto market and Ethereum for this fact, but I said multiple times:"trade what you see, not what you think", and when it comes to EthUsd I don't see bearish price action, on the contrary.
Indeed, here also we had a sell-off, but we don't have lower lows like in Btc for example. What we have is strong reversals each time the cryptocurrency is close to 2k
More, at this point, EthUsd is trading back above 2.2k and is carving a higher low.
As I don't expect 2018 all over again in the crypto market and I think this is a deep but normal correction, in my opinion, eth is the crypto to own.
That being said, dips from this point represent good buying opportunities and we really can see EthUsd at 3k once the selling pressure lifts off from BTC.
As a speculator I'm used to thinking in risk:reward terms so:
A buy at 2.2k with a 10% SL and a target of 3k(35%) would have 1:3.5 R:R
Best Regards:
Mihai Iacob