ETHEREUM TO CONSOLIDATE ITS BULLSHello everybody, here's another ETH update after the last one followed the trend perfectly and brought more than 10% profit in just two days! So please keep supporting my ideas by LIKING as it motivates me to post more killer setups in the future. Thanks.
We are going to use the same strategy we used last time out so if you know nothing about it please read my last Ethereum trading idea. This coin could as well still be in an uptrend on broader term but its recent market behavior suggests that it looks to consolidate first on the short term. And we intend to profit on just THAT.
Observing the 4-hour chart we note textbook conditions for closing Longs and amassing Short positions. But be very careful, as crypto tends to promise roses and give thorns! Currently we have two market conditions validating taking a Short as much safer as opposed to Longs. First of, ETH has veered into overbought territory on the 4H chart. In addition to this, the candle where the RSI (Relative Strength Index) started pointing downwards after first being overbought closed at a perfect distance from our reference indicator the 120 MA (Moving Average).
What does this actually mean NOW? Ethereum could find it very difficult breaking and fixing at $230 or higher. Therefore, If one would be considering opening a short and factoring in the 3% retrace, $220-227 is the ideal range for entering this kind of trade targeting oversold conditions as the exit. While it might look to some too risky shorting Ethereum here, booking Longs that are in profit at $220 or higher certainly wouldn't be anything short of wise for a trader to do. Consolidation.
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Ethusdshort
ETHUSD. After the resistance level, the price will roll back.Hi traders!
The price of the entire cryptocurrency will not grow much,
any take-off should be followed by a drop.
For Ethereum, it will come at the level of resistance.
Sell zone is above this level, the price will roll back!
Keep up with current prices.
Good luck to you!
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This idea does not provide the financial advice.
ETH/USD - interesting to buy after breakdown 205$Apparently MM is leading us in the footsteps of shorts.
The shortsmen's stop orders are in the $210-215 zone.
Entrance after breakdown 205$ and fixation.
the target will be $207 and $210.
On 1D marked side movement.
The exit from which will give an excellent profit.
You can open trades from these levels, breakout or rebound.
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Before to trade my ideas make your own analysis.
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Ethereum a possible 15% drop coming !Ethereum is trading inside a bearish channel, now price is near the resistance of the channel | If price can't break through the Resistance and can't stay above the trend resistance then we can consider initiating a short a position. The trend is already bearish.
Risk Reward Ratio (RRR) = 1 : 4
ETHUSD / Hit the fib.786 on the dot - with double TD9 triggeringETHUSD looks primed for a drop
It just wicked the .786 fib exactly, with a TD9 on the 2h just triggered (on continuation, not confirmed yet) - and 1 more candle close for the 3h TD9 which will make a double TF TD9, which tends to be a strong reversal signal.
I have a feeling the MM are fake pumping this up to dump even more.
Its either that, or we will break resistance; but I am skeptical because this looks like a very traditional dump, pump, dump. zigzag pattern.
This is a pretty safe short with SL nice and tight above the fib.
wait for the 3h TD9, and there is also 1 more candle for a 4h as well.
so if it sustains, it could be a triple TD9 (2h, 3h, 4h)
ETH/USD - We can grow up locally. We can grow up locally.
I drew it on a chart.
It is better to enter one of the sides after the triangle breaks down.
As long as we're under 205. Looking at the shorts.
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#ETHUSD Another BEAR TRAP or SELL SIGNAL?I am grateful to all of you for supporting my work recently. OUR COMMUNITY IS GROWING.
I am grateful to every tradingview author who are working day and night to make these charts to help the community and the new followers for following me.
Let's grow together.
NOW COMING TO THIS CHART:
There's a lot of information in the chart so please observe.
The fractals show that whenever these kind of sell offs occurred we witnessed an upward rally. Take it as a bear Trap.
ETH fell into our green support area where long bids were filled.
In this chart ETH is holding the channel support so far.
The BTC pair chart for ETH also looks bullish (another reason for not being so bearish on USD pair).
85D EMA acting as a resistance so far.
CAUTION for longs:
AS LONG AS THE ETH holds the $200 Level I firmly believe It will reach $228or even $240 and the start some correction.
$200 ALSO HAPPENS TO BE A PSYCHOLOGICAL SUPPORT LEVEL.
The whole chart shows a RISING WEDGE Channel which is bearish in nature so need to be cautious.
CONCLUSION: We are LONG with two Stop losses at $198 and $191.
SUPPORT LEVELS:
200D MA : 203.50
Green horizontal support lines: $180 and $192.
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#ETH/USD Golden Cross: Long Entry +Targets BULLISHHello guys thanks for coming by to this update on ETH. In my last update I said we can break the $200 level soon if the resistance trendline is broken. ETH broke the resistance yesterday.
ETH also seems to be having a Golden cross in this 2 hours chart. It did broke above the resistance trendline and waiting for a retest.
BTC pair seems bullish too which will drive the ETH price higher.
We can enter for a long entry on the retest of the rising wedge.
#ENTRY: $197 TO $205.60
TARGETS:
1. $214
2. $219
3. $226
Stop Loss: $192.
This is setup could be highly profitable if we look at the mid term targets and resistance levels.
Mid term:
Resistance:
$227
$238
$261
Look at the chart and observe how I plot my moves as per the chart.
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Also share my latest BTC update.
Ethereum: Growth may continueThe price of Ethereum staying in a narrow range.
A key support level to confirm local correction has not been achieved.
At the moment, a graphical "triangle" model is being formed.
It is worth considering purchases at the breakdown of the border of the graphic model up, or expect a decline to key support and buy with an expected price increase in the direction of the level of 230.
ETHUSD (Etherum) to $11.. Long term Bearish on cryptoStill very much so long term bearish on Crypto. See Ethereum as being in tis bearish channel. Granted there will be plenty of bull plays along the way. This is just my Macro view of the direction of ethereum. I will post more micro view analysis for trade opportunities. It appears evident we need to fill the gab from the initial run up.
From a technial perspective on the weekly chart price has exerted more effort to yield lower prices. Demand for Ethereum is drying up. From a trading perspective I will be looking for shorts ideally around the $200 range and wait to see how price reacts. Again, this is a somewhat predictive analysis and the way we trade is reactive to price in real time. Long term bearish on all major crypto assets.
RSI and Volume increased while price projection decreased : Divergence
Price dropped quickly and the time and angle in which price recovered was wider and slower : More selling interest possibility
We are nearing the top of the bearish channel sitting on a majob fib level
ETH/USD - will break through the level?The global trend is growing.
Locally, the trend is growing.
A $218 level breakthrough will open the way to $250.
Indicators are directed upwards.
Pressure on the level.
Close level retest.
Chances to break up are getting higher.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
ETHUSD. Triangle pattern. Hi traders!
The price of Ethereum is now in the triangle pattern.
The price has 2 development options,
because it is at a key level.
If it breaks through this level,
it falls down to the level of 192.00,
if it remains, then up to the resistance level.
Good luck to you.
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This idea does not provide the financial advice.