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Ethusdshort

ETHUSD Opportunities Read DescriptionIf you follow my previous analysis that I did for ETH a couple weeks ago I explained and marked the area in where there was going to be the possibility for a reversal because of profit taking. I closed my longs positions around that area after I saw that price was starting to create a distribution schematic. Now, with that being said, it never provided a reason to go short until a couple days ago when the daily trendline was broken. It was the only cryptocurrency that broke the long term trendline as many of the others remain in a bullish state. I waited for a retracement and failure to go above the 61.8% of the fibonacci on the smaller timeframe (1HR) and opened short positions, one already took profits and the other at break even and let it run for continuation. Now, where could the next opportunities be taken? Well, if price manages to break the B point marked on the chart which in my opinion will do, we will have to wait until it reaches one of the two important key zones marked on the chart as not only they are key fibonacci levels, but are also the ones that have the most structure/ confluence with structure. It is important to understand that even though I opened shorts positions, price structure remains bullish and this will be just a pullback of the higher timeframes. However, if price manages to break the levels marked in the chart then the long term bull run will be invalidated. I do still believe that price will continue higher after reaching the first area marked on the chart, but it is highly important for us to be patient and wait for price to reject the area and create a support in such area before taking a long position. Stay safe, good luck, good trading!
COINBASE:ETHUSDLong
by UnknownUnicorn9610108
Relief Rally Over. Top is InRight where I put the vertical line go zoom in on the 1 hour and then the 1 minute. We're starting to print mirror image patterns. The trend is about to flip. Also it just so happens that we are right at the golden pocket from ATH to the bottom of our consolidation zone. You can see the bearish H & S pattern that is flipping the trend and how it's rounding out the top. Go short something and hold it all week. Thank me later. Oh also how could I forget to mention the massive bearish divergence on the 4 hour that we've had all week
BYBIT:ETHUSD.PShort
by DigiLex_LLC
4
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 Retreats After Rising To $3,200 For The First Time Since May Ethereum price sustained the hard fork momentum last week to trade at $3,200. A correction is underway, with Ether looking forward to the next support at $2,800. Ethereum has been on the investors' favorite list since last week. The Ethereum London hard fork put Ethereum back on the global map as it hit the headlines, with an upgrade that will see gas fees reduced and the protocol making way for the implementation of ETH 2.0. The gigantic smart contract token made haste above $2,800, a resistance level that had initially barred bulls from gaining ground. As investor appetite for Ether grew over the weekend, the price lifted above $3,000. Ethereum later brushed shoulders with $3,200 for the first time since May. Ethereum Price Hits The Reverse Button Ethereum is in the middle of a retreat after suffering rejection at $3,200. As the price shot up last week, holders anticipated a breakout to $4,000 and perhaps a retest of the all-time high. Meanwhile, Ether has slipped beneath $3,000 amid a seemingly strong correction. It is worth mentioning that if bears increase their positions, overhead pressure will intensify, thus pushing Ethereum toward the following tentative support at $2,800. Note that the Relative Strength Index (RSI) on the daily chart emphasizes sellers' likelihood of staying in control. According to the Moving Average Convergence Divergence (MACD) indicator, buyers are relatively in control. However, if they do not resume complete control in the near term, a sell signal will likely emerge. Therefore, the support at $2,800 remains crucial for the resumption of the uptrend and preventing more losses toward $2.400. On the upside, higher support, preferably above $2,900, could allow bulls to assume control as soon as possible. Moreover, reclaiming the ground above $3,000 will most likely trigger massive gains as investors shift attention to $3,600 and $4,000, respectively. Ethereum Intraday Levels Spot rate: $2,952 Trend: Bearish Volatility: Low Resistance: $3,200 Support: $2,800
COINBASE:ETHUSDShort
by CoinGape
4
Ethereum Head and Shoulders Potential Short!Ethereum is potentially forming a head and shoulders pattern. The neckline is at 2660, so if price breaks below this level with strong volume, I will consider taking a short. The technical price target is at 2555. If price doesn't break below 2660, then I wont be taking a short. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
4