ETHUSD BID ZONEPress the Follow button for more Daily Detailed Analysis.
Market Sentiment over the weekend proved to be hard hitting across various different assets, especially Crypto. Often this asset class will follow equity markets as negative sentiment Travels.
At times like this it is important to control your risk appetite. Times of huge uncertainty and pending news events can cause FAST moves and therefore we must change our approach. This means spacing out positions to avoid any clumping and lowering your size.
On this fall we can look to get lightly long at the approaching price action level. This is in line with the LONG term trend.
Use the eclipse symbols as a guide.
Ethusdlong
ETHUSD - ProjectionsThis post is likely to get a lot of hate but I am simply providing 2 scenarios for ETH.
Scenario 1 - Blue arrow.
BTC remains dominant overall crypto pairs even ETH although it's proving itself by having gained interest in blue chip companies like Microsoft. I am a HUGE fan of ETH and believe in the future it will be a major leader in the crypto space (more than it already is). If BTC continues it's bull cycle and reaches ATH and goes further then ETH will do exactly the same.
Scenario 2 - Orange arrow.
Should BTC turn bearish then it has capacity to easily drop another 25-27k in price! Now take a look at the damage done by the shallow pull backs we have seen already. A BTC sell off (which is very possibly) would be catastrophic to the ETH and all other ALTS. Should the crash come ETH will see $280 which I will be buying until I can't buy anymore.
Now it's important to remember before I flooded with hate comments that either of these scenarios can happen but it wont be an over night move. It will be over the course of many months of a bearish or bullish cycle.
ETHUSD LONG ZONE ANALYSISPress the Follow Button after watching to see more Daily Detailed analysis. If you have any questions please ask them in the comments section!
Here we have our ETHUSD charts..
We recently looked short as we touched key price action levels. Lots of traders are now growing in popularity and their impetus on this asset. Longer Term timeframes illustrate a clear Uptrend which we can continue to follow. Remember, look at what you can actually see on your chart... It really does help a LOT..
Market Memory and understanding price action is imperative to trading success. This becomes ever more notable when viewing ETHUSD, because we can accurately take our entries and exits based on what Traders are doing. Again, this is all on the chart. Fundamentally, recent news comments has improved the upside bias of STABLE cryptocurrencies. Trade HVA's safely and lightly as they can move fast. It also helps Trading in stages rather than Trying ONCE with one trade..
Thanks for watching and See you in the next analysis!
ETH/USD BULLISHEthereum has unfortunately broken through several resistance levels in the last weeks. We have now seen a strong trend upwards from support at 2508 . and support at 3310 . Eth has a potential to continue rising.
A note however: The market is currently not very stable, the resistance level at 3310 might not be broken through.
Entry price: 3100
Take profit at resistance levels at your will-
Target: 4200 and above
Not financial advice.
ETHUSD PRICE ACTION..Don't forget to Click on the follow button for more Daily Detailed Analysis. Please do ask any questions in the comments section should you have them!
Here we have our ETHUSD on the 4H Chart..
Rip Roaring movement yesterday saw most assets fluctuate between support and resistance levels. Most gains were Re-recovered partly after these moves. Nonethless we exited at targets and have a newly formed plan..
If you are looking to the longside on the current new uptrend, it is ideal to get long on a fall to some comfortable support. NOTE that is if we can get there. There is no point in entering any longs too late.
Look to exit at the eclipse symbol area.
#ETHUSDT 100% Accuracy so far, What's next?Welcome to this quick update, everyone.
As per my last chart, ETH dropped to our buy zone and we bought both on spot and leverage.
The average entry is around $2885.
The next resistance is around $3200.
A break and close above this level will trigger a rally towards $4000.
The pattern is playing out perfectly.
So this is my plan:- I'll be holding positions with SL around $2936 with a target of $3860 to $4000.
What's your plan?
Let me know in the comment section.
Also, If you like this chart, do hit the like button and share your views in the comment section.
Thank you
#PEACE
$ETH critical Area! BEWARE!!!!!!!!!!!$ETH has broken the monthly trendline, so it should make a HL that's the point you must caught the best LONG opportunity. For Now, it is making a CUP & Handle pattern but I usually don't like these kind of patterns because they mostly get failed so the situation I'm thinking about "if the brown line which is daily trendline if that breaks short with 3x-5x and stop loss above the top wick!
1st Scenario (only if you like patterns): CUP & Handle breakout retest - LONG
2nd Scenario (if you are using STEEL STEPS which I prefer the most): Daily trendline break - SHORT with 3x if you dont want to wait for LH. If you can wait for LH short with 5x - 10x
ETHERIUM 4HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 2 Uptrend in green color (Internal Uptrend and long term uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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