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Ethusdlong

ETH updateI decided to update you also on ETH the king of the alts. Eth seems a little more prime then BTC to start moving up. As you can see is now trading in an ascending channel, this is also a bearish formation, however bullish till the lower support is broken. I believe eth will move its way up to 3500, there it will be interesting to see if it will form a whipsaw and push to the 3800 level before to retrace back down to 2800 and possibly 2400. To appreciate the flag ETH formed in the RSI, if the momentum will break upward then we should have a nice acceleration up, the opposite is also true. follow me, share and comment. feel free to ask me question.
COINBASE:ETHUSDLong
by CFcryptoTA
ATH condition: first correction and then pumpHello dear friends As you can see in the diagram, the ATH is ready for a correction after the recent ascent ATH correction can be Fibonacci 0.618 = $2300 That is up to MA200 per day = $2300 That brings the price correction to around $2,300 After this correction, we see the formation of a continuous and incremental triangle Now, with this correction, ATH will make its point D in the ascending triangle and will start moving towards the upper side of the triangle, and after breaking the upper side of the triangle, it will continue its movement according to the triangle pattern up to $6,800. Dear friends, this is not a trading recommendation Please make your transactions at your own discretion and opinion Good luck
BITSTAMP:ETHUSD
by navid1366
ETH/USD - midterm investment setup Hello, Traders Buyers managed to keep the price in the range of $1740 - $1960. Later on, growth began based on the news about the "London" hard fork. The essence of this hard fork is the launch of a deflationary model, where part of ETH, which is used to pay commissions, will be burned. Like Bitcoin, the technical picture of the pair has improved during the last two weeks. MA100 at the daily and 12H timeframes is supporting the price, while the RSI indicator is in the bullish zone. Cluster and volume analysis shows large purchases in the range of $2200 - $2400. The growth with minimal pullbacks always ends with a correction, after which it is possible to connect to the purchases. The position is best formed in several parts : The main part in the range of $2140 - $2390. The second part in case of a bullish correction within the range of $2455 - $2625 The third for the case of a deep correction in the range of $1960 - $2040 Stop-loss can be placed under the level of $1845 The targets for such purchases will be price levels of $3200 $3590 $3800 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
ETH next move (short term)I know it is early, and I just gave an update yesterday. But bullish markets in crypto moves really fast. ETH is gonna have another last push up before retrace. The 4 hours is entering the oversold zone again, and the price has held beautifully. Please have a look at the res and supp drawn in the chart. I will buy either on the resistance break or on the 2880 supp (position entry 2900 - 2800). This is a quick trade that I will do with my spot money (active wallet) with a stop loss of around 2740. Check if that suits your strategy. 35000 is my target. Everything will be readjusted as we get along. This is a short term move. I just thought to share it to show you how things change quickly and how you need to act fast if you are an active trader. this is educational material, I am laying out my play here for you to understand. always do your own research and stick to your strategies. trading is risky. follow me if you like my content and comment if you like.
COINBASE:ETHUSDLong
by CFcryptoTA
2
ETH updateSo, so so. If you were following me I call 3100 when we were at 1800...watch my old charts. that is nearly 100% profit in 2 weeks. Now as I said before, I believe we are due for a retracement. ETH like BTC is getting extremely overbought. I have unlocked some of the profit 30-40% and I am letting the rest of the bags running (long term holdings). What do I see for eth... I see it retrace to at least 2600 - 2500 with a possibility of a climax to 2350 - 2400 (if these levels kick in, I will buy aggressively). ETH may have some steam left, maybe a bit but I am not willing to risk it as it is too overheated, we may touch 3200- 3300 before retrace, but the odds in my eyes are more in favour of 2500 right now. I am eyeing as a target 10 k and ultimately 20k, this one was just the first wave of a new primary bull market. The reversal came with a perfect double bottom reversal, the target for the pattern is 3100 which we just hit. However, indicators are overbought and we are starting to draw some bearish divergences on smaller time frames. I am waiting for a bearish candle formation for a confirmation of the pullback. I believe this pullback will come as a shock as people are overconfident right now. Also just remember to not blindly follow the idea of different people as you should have your own strategy. Each of us has strategies in play. (e.g. I took off some profit from the table but I still have the majority of my position running 70% as I am bullish long term). Also always do a distinction between your portfolio: Long term holdings and spot wallet (play money wallet, active). I will update when I see the confirmation. Please feel free to comment, follow me and have some nice discussion. We are here all to learn, TA deals with probability so let's make the best out of it.
BITSTAMP:ETHUSD
by CFcryptoTA
1