#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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Ethusdtrade
#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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#ETH UPADTE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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ETH BREAKDOWN HIS RISING WEDGE PATTERN AND CURRENT RETESTING THE SECOND RESISTNCE.
ETH SORT TRADE SETUP
ENTRY: CMP and add up to $1660
SL: $1695
TARGET: 27%
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ETH: Should hold this support!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Ethereum is in an upward price channel. Together with the support of the channel passes the trend line MA 200, which marks a strong zone for us. Below the channel, strong support from May 2021 is forming.
On the chart, we see a strong intraday downward momentum that could herald a correction. I think it could reach the support zone of the price channel, after which an upward move could continue.
The target for Ethereum could be both the resistance of 2300 and the trend line, which originates from November 2021.
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ETHUSD Resistance AnalysisFibs are a great tool when used wisely.
You can really judge Price points with accuracy coinciding with key PA areas.
If you are NOT using them the right way.. it wont work too well.
We are entering an EXIT zone early on ETHUSD. This means you are hitting resistance and it is not such a good time to FOMO in.
We ONLY buy when we deem cheap..
#ETH: LOOK GOOD TO LONG!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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ETH UPADTE
ETH is forming this bullish pennant pattern we can long after the confirmed breakout of this pattern with SL: If any candle closes below the lower support of this pattern
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ETHUSDT minor correction with continued growthETHUSDT minor correction with continued growth
continued formation of the ascending channel
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