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Ethusdtsignals

ETHUSDT This is the only pattern that matters right now*** *** For this particular analysis on the Ethereum we are using the ETHUSDT symbol on the OKX exchange . *** *** The idea is on the 1D time-frame where ETH is shown trading within its long-term Channel Down since the November 10 2021 All Time High (ATH), practically the pattern that has been dictating the whole Bear Cycle. The importance of the Channel's Fibonacci zones is more than evident. The inner pattern that stands out since the August 14 High though is the blue Channel Down, which is less aggressive and while it got rejected heavily at the top (Fib 1.0) of the long-term Channel Down on November 04, it continues to trade on the other hand above the 905.00 Support (June 18 Low). This is basically the first time that Ethereum has been trading for so long within practically two zones (0.618 - 1.000). This is a sign of the market respecting a high demand zone and an indication of a long-term bottom. The 1D MACD trading inside a Triangle shows that there is room for one last Low (Higher Low) but with the price being that close to the top of the long-term Channel Down, there are higher probabilities of breaking out. Technically, a break above the 1D MA200 (orange trend-line) would be a break (candle close) above the Channel Down as well and the price would target the 2035 Resistance 1 (August 14 High). On the other hand, a 1D candle closing below the 905 Support, would be a sell signal, targeting the 0.618 Fibonacci level, which has been supporting sing August 07. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
4
Scenario of changing the Ethereum trend !🧐After hitting the daily resistance, and also ending the trend in the daily time period, we see the price hitting the floor of the channel of the 1-hour time frame, more than 2 times. After breaking the lower support line of the channel, a drop with price targets up to $1,500 can be expected. In the 4-hour time frame, the bottom of the major ascending channel is in the price range of $1,550, which is the main and final target of the fall in the next 24 hours. Then, after breaking the support of the 4-hour channel, it hits at least $1,500. The completion of this scenario causes a downward trend and the formation of a continuation of the long-term downward trend in the daily charts. To enter a sell trade, the best area is below the lowest price in the 1-hour and 2-hour candles in the past 6 hours, around $1707 And keep in mind that Bitcoin price uses the same scenario to drop the price, which causes the coins to drop more. --------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
3
ETHEREUM is on to something. 1D & 4H analysis on KuCoin exchange*** *** For this particular analysis on Ethereum we are using the ETHUSDT symbol on the KuCoin exchange. *** *** The idea is on both the 1D and 4H time-frames where ETH recently broke above a 3 week bearish pattern and turned sideways. This consolidation is more accurately depicted on the 1D time-frame (chart on the left) where you can see the price trading sideways within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) since August 30. Both got successfully tested once so far as Resistance and Support respectively. A break and candle close above the 1D MA50 should be taken as a break-out buy signal towards the 2030 Resistance and possibly the 1D MA200 (orange trend-line) at the time. A break below the 1D MA100, should be taken as a short-term sell signal towards the lower Fibonacci level (0), practically the Higher Lows trend-line since the June 18 Low. The 4H time-frame (chart on the right) shows more clearly the break-out from the Bearish trend since the August 14 High into the recent consolidation. Once the price broke above the Lower Highs trend-line it broke also above the 4H MA100 (green trend-line) and turned the 4H MA50 (blue trend-line) into the Support, which is significant. What's left, is a break and closing above the 4H MA200 (orange trend-line), which has been the rejection point on August 25 and also has a Lower Highs trend-line (dotted one) involved that needs to break. We have to give the bullish sentiment on edge at the moment as the MACD on the 1D time-frame just did a Bullish Cross. A few more days into it so it clearly forms and then we can have more on ETH but the last fully formed 1D MACD Bullish Cross was on June 23, straight after the Low, at the beginning of this 2-month rally. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot