Ethusdtlong
ETHUSDT - Still on a rise, testing the USDT 2800 level ?As we can see, we recovered from the dip that happened a few days ago. At around 11 am UTC+2, we went back on a rise after the correction of yesterday's new high price.
On a H1 scale, the Stoch is indicating that we could see a small correction in the next one or two hours, unless the bulls decide to hit it hard and push it even higher.
We've broken the R1 (from pivots) that stood a little bit under USDT 2650. If the correction we faced a few hours ago was there to correct the explosion that happened around midnight on the 26th, we may only see a very small correction.
If not, we may retest the R1 before bouncing off of it, making a small W pattern. We currently stand in the first zone of the Fibo, a little bit under the 0.236 mark. Our bounce may take up to the 0.382 mark, before correction.
As we have seen recently, ETH is being spotted by more and more people, expecting it to run upwards during the alt season. Whales are charging up, the wind blows towards our destination. Keep holding !
Ethereum- Best crypto to own these days?I was bearish crypto market and Ethereum for this fact, but I said multiple times:"trade what you see, not what you think", and when it comes to EthUsd I don't see bearish price action, on the contrary.
Indeed, here also we had a sell-off, but we don't have lower lows like in Btc for example. What we have is strong reversals each time the cryptocurrency is close to 2k
More, at this point, EthUsd is trading back above 2.2k and is carving a higher low.
As I don't expect 2018 all over again in the crypto market and I think this is a deep but normal correction, in my opinion, eth is the crypto to own.
That being said, dips from this point represent good buying opportunities and we really can see EthUsd at 3k once the selling pressure lifts off from BTC.
As a speculator I'm used to thinking in risk:reward terms so:
A buy at 2.2k with a 10% SL and a target of 3k(35%) would have 1:3.5 R:R
Best Regards:
Mihai Iacob
ETH/USDT : Buy setup | RR 7.8 | Breakout from bearish trendline BINANCE:ETHUSDT
Hello everyone 😃
ETH has formed a double bottom in low timeframe and now it's trying to break the bearish trendline.
MACD is being Bullish and BTC starts to recover after filling lower GAP.
By the way it's not recommended to take any position with high leverage !
🔴 Don't take any position before breakout ! Use 1X - 3X maximum.
📌 We are currently into a no trade zone level; So Watch for your risk management.. DYOR !!
Use trailing Stop-loss.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Ethereum Linear Regression DailyWith a strong R value of 0.85, this is a strong linear regression trend
I find 2200 a nice entry point, just above the middle of the regression trend (for traders)
Ethereum price looks very healthy, with a wick extending to the top of the Gaussian Channel
Weekly ETH looks just as good
Digital Diamonds !
ETH LONG 13%+ GAIN IDEA / BUY THE DIP?If we lose and close below yesterdays vwap + vpoc area (2384-2362$) on 4H... im expecting a retracement at 2170-2138$ area. If not and we hold this area between (2384-2362$) it's more likely for pushing more up and testing new all time highs.
Buy limit: 2170-2150$
Stop loss: 2094$
Take profit target-1: 2303$
Take profit target-2: 2450$
ETH-USDT Bullish Pennant on the 4 hr: Breakout ImminentEthereum is the future. If you are not in yet then hear me now... GET INTO ETHEREUM. Heavily. I firmly believe 40-60 percent of your cryptocurrency portfolio should be in ethereum alone. Now onward to the analaysis...
I made this chart cleaner and easier to read than normal. It's a classic bull pennant, with massive upside potential. If we use the previous rise's trajectory, then we land on april 14th for our peak of $2500-2600.
HOWEVER, I also acknowledge that Eth and cryptos as a whole have been consistently gaining and are very high up there on the other indicators (MACD, RSI, etc). With that being said... If you buy in now or buy in on the next dip.. set your stop loss just below the right tip of the pennant if you are on to play it super tight... or set your stop loss right below where the bottom line of the pennant connects to the pole if you want to play it more loose. In the long term, ETH will be worth 10-25x what it is right now. So if you are NOT on margin or leverage of any sort, then DO NOT SET A STOP LOSS for ETH. Only set SLs if you have someone else's money involved in your play. If you are a spot trader only, then this play WILL come to fruition, the only thing we do not know for sure is how long it will take and how severe any corrections along the way will be.
Happy hunting!