Ethusdshort
ETHUSD - Ethereum is going down!My TA on 1D shows that:
1. Price came out from the ascending wedge at its peak.
2. Vertical volume decreased while price went up.
3. RSI shows divergence against price.
4. MACD confirms RSI's divergence.
5. Based on horizontal volumes liquidity for MM is concentrated on given level on the chart.
Correction for the last impulse is logical. Correction can fly down Fib starting from 38.2% to 50% and 61.8%. That would be your TP.
It is common for ETH to lag behind BTC, but in the end it follows BTC's trend. There is more fundamental analysis on Bitcoin in my article linked below.
Rising wedge and bearish divergence.Non technical indicators that might support this idea;
- ETH gas prices continues to be unreasonably high and ETH 2.0 won't be rolled out until 2022
- Shiba Inu might be a sign of the market overheating (We all remember what happened the last time a memecoin entered the top 10...right?)
ETHUSDT , We are in buy zone ...Hello guys
According to our previous analysis , the market moved exactly to our way
At this time from the past we are in upward channel and we are near the base trendline and we need to take signal and watch carefully to take signal and take position and buy
Maybe it can break the base of trendline like BTCUSDT chart that we published but its not have high chance for it
Previous analysis :
Dont forget use stop loss and attention to money management
Be with us and sleep comfortably
Good Luck
Abtin
Rising wedge pattern in Ethereum* Ethereum in 4H time frame appears with Rising Wedge pattern.
* Rising wedge occurs when the price moves between two trendlines forming higher-highs and higher-lows. The lower trendline works as support for the price and the upper trendline works as resistance.
* Rising wedge appears with wide bottom and as the price moves higher the range becomes narrow.
* Ethereum can test the lower trendline ( support ) and bounce back, but if it break the support we can expect a drop till below support zone.
ETH/USD (Test All-Time High?)💎Technical Analysis Summary💎
ETH/USD
-After holding 3.6k dollar key support last week, finally able to break its swing recent top
-ETH is now trading again above 4k dollars and it's ready to consolidate near the ATH level
-Today, also, Bitcoin broke into a new price at reaches as high as 66k dollars
-For Ethereum, if it can hold its immediate support region
-The chances to test its all-time high price increases in the coming days
-And once the BTC Dominance value decreases, expect all altcoins will move up crazy
-Ethereum is likely to bring new levels if the market conditions turn good
-Good luck everyone and always manages your risk and please do not get FOMO today
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ETHUSDT , Its moving as same as ...Hello everybody
I hope everyone is in profit
In here we have a upward channel like BTC that we published it and exactly happend and we expect that ETH is moving like BTC movement
Until the price is in this channel we expect the market is rising the price and moving toward the TP
You can buy in here or you can check again the area for taking signal then take in position
Bitcoin analysis :
Dont forget stop loss
Be with us and sleep comfortably
Good Luck
Abtin
ETH Sell the top.Ethereum - Intraday - We look to Sell at 3619 (stop at 3702)
Pivot resistance is at 3677.
Bearish divergence can be seen on the 4 hour chart, daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Price action looks to be forming a top. W
e look for a temporary move higher.
Preferred trade is to sell into rallies.
50 4hour EMA is at 3350.
The trend of higher lows is located at 3350.
Our profit targets will be 3366 and 3306
Resistance: 3600 / 3680 / 3800
Support: 3500 / 3400 / 3350
ETH Sell a break setup.Ethereum - Intraday - We look to Sell at 3338 (stop at 3421)
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
3680 continues to hold back the bulls.
Trend line support is located at 3400.
A break of bespoke support at 3400, and the move lower is already underway.
Our profit targets will be 3103 and 3033
Resistance: 3500 / 3600 / 3680
Support: 3400 / 3300 / 3200
My ETH/USD Plan - Short Now, Long LaterWe are currently rolling over after hitting the neckline of this inverse head and shoulders. We will create the right shoulder and reverse to the upside when price hits the macro 0.618 which is perfectly confluent with the 0.5 level of the inverse head & shoulders. Any proper inverse head and shoulders should never pass the 0.5 line with the shoulders and the macro 0.618 reinforces the heavy support in that area along with the lower trendline. I'm currently short from the 0.786 line (marked in red) and I will take profits and enter a long at the yellow line. I'm expecting a mirror image from the other side, so the right shoulder should look something like a W/double bottom.
ETH SHORT Opportunity is Coming... Are you readyA possible SHORT opportunity is surfacing on ETH/USDT pair.
Why I am looking for a SHORT here when the whole market sentiment is euphoric. Simply, because I trade the chart and not the sentiment.
The reason for the SHORTing ETH/USDT is around $3350.
1. Head & Shoulder pattern forming as you can see on the chart
2. The neckline of the H&S is going to be re-tested and it could go slightly above around $3350.
3. Fib golden pocket (0.062) is around the same price, so a possible reverse PA from there.
4. Most importantly, a hidden bearish divergence at DAILY.
The trade Idea is as follows.
Asset: ETH-PERP (Ether) | price in USD
Exchange: FTX
Trade Type: SHORT 🔴
✅ Entry 1: 3305
✅ Entry 2: 3345
✅ Entry 3: 3390
🎯 Target 1: 2890
🎯 Target 2: 2740
🎯 Target 3: 2352
🛑 Stop Loss: 3565
Risk-Reward (R:R) Ratio: 4.55
Maximum Position Size: 3%
Margin: 10X max.
I will keep you posted on this trade idea.
Stay tuned !!
#ETHUSDT Looks ready for another rally after the retest!!Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
ETHUSDT Looks promosing here,
Broke out of the channel .
I personally accumulated ETH around $2900 and holding on low leverage.
I expect some retracement here $3045 to $3185 and then continuation.
Upper resistance levels are:-
$3333
$3325
$3615
$3900
IF ETH IS ABLE TO BREAK THE 4K AREA AGAIN, IT'S HIGHLY LIKELY WE WILL SEE A NEW ATH!!
What's your thought on this?
Do you think this correction is over?
Do you think ETH could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE