ETHUSDT - analytics with history! What awaits us ahead!Good day to all crypto fans!
Let's analyze the current situation of the price movement ETHUSDT. The price of ETH moves inside two downward channels, inside a locally upward channel, a symmetrical triangle and in a five wave growth pattern. Marked on the chart!👆
What are the expectations for further price movement?
Let's analyze the situation locally: a Double bottom pattern is formed on a 1-hour timeframe with the probability of a local price increase to the upper boundary of the triangle and further development of the Double bottom pattern and price growth to the level of 214.56.
On the daily timeframe, we have formed the “Double Peak” pattern. 3 and 5 wave with dropping peaks.
Where will the exit from the triangle be? Let's analyze the story to understand the future!
In 2016-2017, there was a similar situation. The price moved inside two descending channels, in the five wave structure of growth, in a triangle, above the average sliding. In the fifth wave of growth, the price reached the first level of the fifth wave, followed by a corrective movement to the lower boundary of the triangle. Locally formed a reversal pattern "Double bottom" 3 and 5 wave with lowering peaks. However, the price broke through the upper boundary of the triangle and continued the upward movement to the levels of the fifth wave and then broke through the upper boundary of the descending channels, forming an upward trend.
The MACD indicator in 2016-2017 and now also shows the similarity of movement.
A very similar structure of the price movement with the one we see now on the chart.
The cancellation of the scenario of the upward price movement ETHUSDT is a breakdown and consolidation below the lower boundary of the triangle.
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Disclaimer!
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Ethusdtrade
ETH/USD LONG SET UP ON PULLBACKEthereum (ETH/USD) traded sideways during today’s North American session as the pair continued to trade around the 208.00 level after trading as low as the 205.28 area early in the North American session. Some Stops were elected below the 206.29 area during the move lower, an area that represents a downside price objective related to selling pressure that emerged around the 253.01 area in early March. During today’s Asian session, the pair traded as high as the 219.48 level after Stops were elected above the 217.87 area, a level that represents the 61.8% retracement of the depreciation from 227.50 to 202.30. The 208.25 level represents the 23.6% retracement of this range, and chartist are curious to see if this level becomes technical resistance for ETH/USD. These trading patterns underscore the current technical nature of the price activity of ETH/USD following the recent relative high around the 227.50 level.
Stops were elected last week around multiple important technical levels, including the 213.05, 206.29, 199.16, and 198.09 levels. Above current price activity, traders will pay very close attention to the 232.88 and 242.09 areas, additional upside price objectives related to the 90.00 level, with Stops likely to be decent above the 232.88 area. When ETH/USD comes off, traders will pay close attention to levels including the 197.16, 187.79, 178.42, and 166.82 levels. Chartists are observing that the 50-bar MA (4-hourly) bullishly continues to indicate above the 100-bar MA (4-hourly) and 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) bearishly crossed below the 100-bar MA (hourly), and continues to indicate above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 202.37 and the 50-bar MA (Hourly) at 211.57.
Technical Support is expected around 199.27/ 196.54/ 193.00 with Stops expected below.
Technical Resistance is expected around 227.50/ 232.88/ 242.09 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Ethereum hitting Resistance with Bearish Signal | ETHUSDEthereum is trading inside an ascending channel for more than a month but there is a main downtrend and this will act as resistance now and there is a main Horizontal Resistance area of 192-200$ and price is near a Pivot Resistance.
So, we can say Ethereum is trading in a very strong Resistance area so a minor correction must occur in this level. RSI bearish Divergence on the Daily and H4 candle signals that the continuation of the uptrend is weakening and we can initiate a short position here.
The downfall target is 175$
ETHUSDT local signal(long)Hello friends.
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Everything on the chart.
since I’m waiting for the last jerk up on the BTC, I’m trying to find some correlation with the ETH, it’s possible to open a long position with a short stop-loss
After this movement, I will looking for a short position and create a new full-fledged analysis of the situation.
open pos: market
stop: ~187$ (depending of ur risk)
target zone: 205-211$
Risk/profit: 1 to 3-4
the stop is short, the risk is justified
it's not financial advice
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ETH/USD SHOULDER HEAD SHOULDER SET UP buying pressure emerged today right around the 156.54 level, representing the 38.2% retracement of the appreciation from 123.72 to 176.82. If the pair is able to resume its upward trajectory above current price activity, additional upside price objectives include the 186.60 and 198.05 areas. Below current price activity, downside price objectives include the 154.57, 150.27, 149.31, and 144.00 levels. Chartists are observing that the 50-bar MA (4-hourly) bullishly remains above the 200-bar MA (4-hourly), and that the 50-bar MA (hourly) is bearishly converging with the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 155.65 and the 100-bar MA (Hourly) at 167.94.
Technical Support is expected around 156.77/ 153.22/ 149.31 with Stops expected below.
Technical Resistance is expected around 177.39/ 196.54/ 206.29 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
ETHUSDT - analytics of corrective price growth!Good day to all crypto fans! Let's analyze where we expect the price of ETH in the near future?
Locally, the ETH price completes the corrective movement in the fourth wave, followed by the local fifth wave. Levels are marked on the chart. After which, most likely there will be a slight correction to the level of 142.42 and subsequent growth.
Price moves in an upward channel in its lower part. It is indicated on the chart. Punching and fixing above the level of 150.45, the price will go to the level of 169.30 or the middle border of the channel.
According to the indicators on the hourly timeframes, the local corrective movement may continue. The fourth wave is often heavy and unpredictable. On the daily timeframe, the upward movement is not yet complete. Therefore, upward movement to the levels marked on the chart remains a priority.
Cancellation of the upward movement is a breakdown and consolidation below the lower boundary of the channel or level 139.20.
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ETHUSDT: Lock in Symmetrical Pattern Thanks for Taking Interested in my Trading Idea.
ETHUSDT: Lock in Symmetrical Pattern
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ETHUSDT: Ready for Support Zone.
Thanks for Taking Interested in my Trading Idea.
Market Support near $227-$237
From this Level Market can Bounce upside.
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Note: This is only for Educational purposes; this is not investment advice.
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ETH H4 RSI Bearish Divergence On the 4 Hour Chart of ETHUSD we have 2 bull and 2 bear target.
1st bull target is 270$
2nd bull Target is 298$
1st bear Target is 167$
2nd bear target is between 110$ - 90$
RSI is showing bearish divergence.
Most likely Ethereum will Break the Red Trend support, we should look at the trend support & Resistance 224.44$. 100 MA will also work as resistance on the 4 Hour Chart.