#ETH: POSSIBLE SCENARIOS!!#ETH Technical Analysis:-
$ETH is currently trading around $1310
As Per chart #ETH is currently trading in Descending Triangle in 4 HOURS Chart.
As per the chart Still Waiting for Confirmation Now Two Scenarios:-
Scenario 1:- if ETH breakout Upward and close any candle above then We can see a 17% Upward move toward $1500
But
Scenario 2:- If $BTC failed to Hold Recently Bottom or Support Level $1240 then we can see $1000Level.
So Watch closely and trade.
Support:- $1240
Resistance:- $1310/$1370/$1400
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Ethusdtrade
#ETH: retesting this flag pattern! which does not look goodHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#ETH(Update)
ETH breaks down this bearish flag pattern in the6 hours time frame.
currently, it looks like retests of this pattern which is not good, according to the pattern it can drop up to 22%.
In case a daily candle closes inside the flag pattern then the pattern will be invaded.
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#ETHUSDT: Will we keep falling?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#ETH(Update)
ETH makes this bearish flag pattern in the 4hours time frame.
but it does not conform yet to confirm this pattern we need a successful breakdown of this pattern and then according to the pattern it can drop up to 22%.
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📉✌ETH 3OMin Short Position✌📈BINANCE:ETHUSDT
COINBASE:ETHUSD
Hi traders, first take a look at my previous analysis and positions.
💥Three drive pattern💥
from now, while now and in the range of the yellow area, you can open a short position in two or three steps.
If the price falls and reaches the TP1 level, you can risk-free the position.
TP1-2-3 are on the chart.
The optimum stop-loss is above the determined lines.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
#ETH/USDT) : About to validate 15% upside move !Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Long ETH/USDT
Entry- CMP and add more up to $1292
Target:- 16%
SL:- $1260
Lev:- 10x
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#ETH/USDT TRADE SUTUP Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Long ETH/USDT
Entry- CMP and add more up to $1460
Target:- 10%
SL:- $1430
Lev:- 10x to 20x
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#ETH/USDT TRADE SUTUP Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Long ETH/USDT
Entry- CMP
Target:- 10%
SL:- $1560It
Lev:- 10x to 20x
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#ETH UPADTE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Welcome to this ETH update.
ETH is trading side this descending channel pattern and it also looks like a bearish flag pattern currently holding above this lower support of this pattern if it breaks down this channel then it can drop well but if it bounces then it can bounce up to the upper resistance of this pattern.
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Ethereum - ETHUSD updateSince 14th August 2022, Ethereum has declined more than 20%, while at some point reaching almost 30% decline. That is an abrupt loss of ⅓ of Ethereum's value within merely two weeks. However, it comes to us as no surprise because on 15th August 2022, we warned about a 50% decline in the price of Ethereum. So far, half of the move has materialized, yet, we are still waiting for the remaining part of the decline.
Our view is supported by fundamental factors concerning high-interest rates, economic tightening, and a slowing global economy. Due to that, we will pay close attention to the upcoming FED meeting, which in our opinion, will further weaken the economy. As a result, we think risk aversion will rise and lead to a sell-off in the cryptocurrency market.
Meanwhile, technical factors also support our bearish outlook, with many indicators flashing warning signs. For example, moving averages confirm the presence of the downtrend across daily, weekly, and monthly time frames. Simultaneously, RSI, MACD, and Stochastic are bearish across those same time frames. These developments are very bearish, forecasting trouble for ETHUSD over the rest of 2022.
We dismiss any speculation about the “uber-bullish” effect of Ethereum's upcoming merge as nonsense. Although, we do not rule out temporary price bounce. Despite that, we stick to our bearish predictions with price targets at 1 000 USD and 900 USD.
Illustration 1.01
Illustration 1.01 shows the daily chart of ETHUSD and the bearish crossover between 20-day SMA and 50-day SMA; the crossover confirms our bearish thesis.
Technical analysis - daily time frame
RSI, Stochastic, DM+, and DM- are all bearish. MACD is neutral. Overall, the daily time frame is bearish.
Illustration 1.02
Illustration 1.02 shows the weekly chart of ETHUSD. It also portrays 20-week and 50-week SMA, which remained intact (in a bearish constellation) during the recent bear market rally. Indeed, the natural retracement toward the 20-week SMA represented a strong downtrend correction.
Technical analysis - weekly time frame
RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Illustration 1.03
The picture above shows simple support and resistance levels for ETHUSD.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
#ETH IS TRADING INSIDE THIS DESCENDING CHANNEL PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Welcome to this ETH update.
ETH is trading side this b=descending channel pattern and currently holding above this 1500 support if it breakout this channel then it can bounce well but in case it breaks down this level then it can drop up $1250 level.
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#ETH: FORMING THIS H&S PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Welcome to this ETH update.
ETH does not look good here. Forming an I head and shoulder pattern in a 4hr time frame. Currently, trying to break the neckline of the head&shoulder it will pump hard.
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