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Ethusdtlong

💡Don't miss the great buy opportunity in ETHUSDT". There is a possibility of temporary retracement to the suggested support line (3343.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETHUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 3591.00 TP2= @ 3974.00 TP3= @ 4213.47 TP4= @ 4367.64 TP5= @ 4643.47 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
8
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
ETH/USDHello Everyone, I am publishing my first idea here for ETH/USD. The idea here is a Fibonacci Retracement, Support & Resistance, Elliot Wave analysis & Candle stick pattern. As we see ETH will test the new support level from 7th August & retested on 9th August which also happens to be 0.618% of Fib Retracement. If the support fails it will retest 0.5% of Fib Retracement which also happens to be the 4th Elliot wave. Elliot Wave 4: The trend line analysis from the beginning of wave 2 till end of wave 3 with a parallel line projection from end of wave 2 gives us a potential for wave 4 to end when it reaches the projected trend line. Elliot Wave 5: The trend line analysis from the beginning of wave 3 till end of wave 4(assuming as per trend line analysis for wave 4) with a parallel line projection from end of wave 3 gives us a potential for wave 5 to end when it reaches the projected trend line. The daily Chart shows a bearish pin bar for 18th August & weekly it’s projecting a Tweezer top, I prefer to wait for the end of 4th Wave. PS: Do your own research & trade based on your own descision. Please share your thoughts and comments for a better understanding
COINBASE:ETHUSDLong
by Tron029