Ethereum ETHUSD - NEXT TARGET >>> $900ETHUSD - NEXT TARGET >>> $900 <<< ???
This is the 1st Scenario and totally based on Price Action.
We have 4 Major Confulence Points.
1. Supply Zone
2. Strong Resistance Level
3. Down Sloping Flag
4. Price at "C" Point Level.
What Ur Thinking!
Share Your Idea and Comment Below.
>>> 2nd Scenario Shared in NEXT Post.
Ethusdidea
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/03/01Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
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Market Overview
Price Action: Ethereum has continued to show weakness alongside Bitcoin. As I previously mentioned when BTC retested the bottom while ETH didn't, it was likely that both would need to test the lows before being able to truly rally, and indeed Bitcoin and Ethereum retraced to lower lows after a slight pump. Now that both have tested the bottom and bounced off of that bottom ($43K for Bitcoin and $1300 for ETH), there is a higher probability that this rally is sustainable. One level to keep an eye on is the 200MAs, which must hold, otherwise price risks moving back down again.
Chart Patterns: N/A
Areas of Interest: The area(s) of interest for me are the lows @ $1290. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $1290, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
My Recent Trades
2021/02/21: I had a losing trade. I entered a long @ $1,970.0, with Stop Loss @ $1,868.6, and stop loss hit.
2021/02/20: I had two winning trades! I entered a ETHBTC long @ 0.035325, with Stop Loss @ 0.034577, and price reached a high of 0.036682, giving a risk reward ratio of 1.8:1. I entered another trade ETHUSDT trade long @ $2,003.1, with Stop Loss @ $1,965.6, and price reached a high of 2,022.0, giving a risk reward ratio of 0.5.
2021/02/07: I had a winning trade! I entered a short @ $1,605.00, with Stop Loss @ $1,628.14, and price reached a low of $1,563.9, giving a risk reward ratio of 1.8:1.
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
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ETH- More bearish than bitcoin, it can dive to 1k zoneYesterday, following bitcoin's lead, Ethereum took also a hit and dropped hard.
This drop cleared the rising wedge support, a trend line that kept the price elevated for a 100% gain.
At this point, this break is confirmed and 1800 is extremely strong resistance.
As in the Bitcoin case, rallies should be sold and, from a technical perspective, ETH could drop to 1k target of the pattern.
EthUsd back above 1.8 would negate this scenario
Ethereum Bear Vs Bull - CircleWithin the bear circle trend we can see areas of resistance (in red)
What really draws my attention though is the bull trend, where price is sitting currently above 2.618! this area will act as support for price.
This is ridiculously bullish for Ethereum.
I can't believe I am just seeing this now..
BUY BUY BUY
Attaching some of my other ETH analyses
Bix
ETHEREUM RUNNING FOR 2000 USD!😍😍ETH UPDATE! 💸😍
Hello everyone, so another update about ETH! ETH is still moving, as posted yesterday on my channel, in this rising wedge. So the perfect buy opportunity would be the support line (lower blue line), as this acted as a perfect support!💸
Now, we will move again to the upper part (purple box). This will act as resistance, let's see how bullish ETH looks at that time. By the time ETH reached the box, it might have moved to around 2000 USD, which will act as dynamic en psychological resistance at the time, but one thing is for sure:
WE WILL REACH 2000 USD VERY SOON!
ETH to $20,000 in less than 9 months? I don't know where ETH price will end up this cycle, but it's important to acknowledge the growth of DeFi and what it means for the underlying ETH price... for most of this cycle, the Ethereum network has been generating more daily network fees than BTC... with more unique addresses/wallets and overall network activity growth than BTC when it was at these current ETH price levels. I don't think anyone expected the first BTC bull run to take it from $1,000 to $20,000 in less than nine months but that is exactly what happened and I see ETH price today resembling the price patterns of BTC in 2017, but with objectively better network growth/adoption... could we see $1,000 to $20,000 in less than nine months for ETH?
ETHUSDHello Guys Welcome back to another profit Day
If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions
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.
ETHUSD in a channel zone rejected the grow in channel resistant area and ETHUSD moving into support area A if not break the A there will be a big buy entry, lets watch together
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit dayguys
ETHUSD - completion of the upward movement!Greetings to all crypto maniacs! Taking analytics to the next level!
The price moves inside an upward channel. The range for the completion of the upward movement in the third wave is located between the levels of 1726 and 1983. The price reached the level of 1726, making a false break. The blocking order is located at the level of 2000. The levels of the downward movement are marked on the chart - in red. To enter a short position, you need to wait for the formation of a reversal structure in the specified range.
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ETHUSD longAs ETHUSD has just tested 0.5 of the Fib and bounced we're expecting It to go bullish to 1.3 of the fib taken from the impulse , and after few consolidation we would be expecting the market to go bullish again to 1.618 of the fib.
Mean while we have SL bellow 0.05 of the fib .
Good luck following this idea.
ETHUSD Developing FurtherThe future of finance,
Check defipulse.com for the current moonshot that's happening within the DeFi space
(a) is a similar point of reference and the basis for the bars pattern predicting the future move
I believe the parabolic move (in blue circle) was a premonition for what is to come
Some of my previous work on ETH