Ethusdshort
#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..ETH broke out and retested perfectly.
Looking at the daily chart, It seems the market is ready to pump from here.
DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend.
All we need is daily to close with a beautiful hammer.
The potential target for the pattern will be somewhere around $4k.
Suggested the best buying range around this level in my last chart.
SUGGESTED ACTION:- Although you should always DYOR, This is what I will do,
Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to $2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily.
SL:- I will close my long in case we break and close below $2677.
This is a good trade setup giving us 1:8+ RR which is amazing.
INVALIDATION:- Close below the black support trendline will invalidate the chart.
Let me know what you think.
DO hit the like button and share your views in the comment section.
Thank you
#PEACE
ETHUSD not going up anytime soonETHUSD building up liquidity at the low levels. This is necessary in order to take price higher. Unfortunately, ETH is not going up anytime soon, not before revisiting the 1500-2000 price range. At those levels I would seek long entries. Meanwhile, I would be shorting against all longs.
ETH Sell a break setup.Ethereum - Intraday - We look to Sell a break of 2976 (stop at 3024)
Short term bias is mildly bearish.
2977 has been pivotal.
A break of bespoke support at 2980, and the move lower is already underway.
Our profit targets will be 2851 and 2801
Resistance: 3080 / 3150 / 3200
Support: 2980 / 2950 / 2900
ETH Trend AnalysisETH is forming bear flag pattern with a downside target of $3000 in short term.
It is going to retest the symmetrical triangle from which it broke out.
I am expecting a 10% bounce at 3000 level (FIB 50%) upto 3300 then further decline till 2750 level.
More downside possibility ahead but those will be updated as chart pattern unfolds.
Peace!!
Ethereum to Break Lower? Ethereum - Intraday - We look to Sell a break of 3298 (stop at 3371)
We are trading at overbought extremes. A higher correction is expected. A break of bespoke support at 3300, and the move lower is already underway.
Our profit targets will be 3103 and 3033
Resistance: 3400 / 3500 / 3600
Support: 3300 / 3200 / 3100
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Ethusd TradingFor More Detailed Daily Analysis, Go ahead and Click the Follow button.
This video will show you how to trade ETHUSD accurately based on risk appetite. For investors, a fall is ideal to get a better long price. If you are Trading more actively, you can short at the current early resistance.
It is key to remember the upside of ETH comes about from Stronger LONG term sentiment. The recent market sentiment has brought it to a fall SHORT term.
Always with HVA's trade lightly as we can see hugely affected markets upon strong sentiment. Surprises like that are... Best handled carefully.
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 3053 (stop at 2978)
Daily signals are mildly bullish.
A break of yesterdays high would confirm bullish momentum.
045 has been pivotal.
The previous swing high is located at 3045.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 3259 and 3339
Resistance: 3050 / 3200 / 3280
Support: 2980 / 2920 / 2880