Targetprice
Is The Bullish Rally Stretching For ETH Value In 2021?Ethereum value traded at $2382 with a gain of 9.85% in the last 24-hour and 14% up in the weekly time-frame. Furthermore, ETH bounced back from the support of $1950. In contrast, the market capitalization stands at $276 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above all the EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the TP- 1 of $2600 in future trading sessions.
TP- 1: $2600
Support: $1950
ETHUSD 2April 2021 Time frame: 1DHi traders and welcome to my channel ...
As you can see ETHUSD still in the uptrend channel …
for now, price breaks static resistance at 1974… I think price going to retest 1893 (my daily support) and then we have continuation of long move to the top of my channel.
I expect three targets for ETH: 2200$ -2400$ and 2600$
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Good luck guys and be careful
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DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
GBPJPY ANALYSIS Here is my analysis for Monday March 28/2021 , looking for moves to continue to the up side and make new highs . THIS IS MY TAKE ON THE MARKET AND SHOULD NOT BE USED BY ANY TRADER TO BASE HIS OR HER TRADE ON AND EXPECT TO SEE PROFITS ON THERE ACCOUNT , SIGNALS ARE A GREAT TOOL TO SEE THE MARKET FROM ANOTHER TRADERS POINT OF VIEW , BUT SIGNALS LIKE THIS SHOULD ALWAYS BE APPROACHED WITH CAUTION AND YOU SHOULD ALWAYS LEARN TO SEE THE MARKET FROM YOUR OWN PERSPECTIVE . WITH THAT SAID GOOD LUCK WITH YOUR WEEK AND NEVER RISK MORE THAN YOU ARE PREPARED TO LOSE ..
In which OXT drops to 36 cents before ascending to $1.25!
Longer term (weeks - 2 mos) I am bullish.
Shorter term (days - weeks) I am bearish.
Previous triangle pattern was annulled. Only one target hit. See link below under "Related Ideas"
BTC and ETH (our leaders) show further descent possibilities on their charts. Altcoins will exaggerate this price action.
I see many ALTS, if not most, touching the 200 day MA before further ascent.
36 cents is the shorter term target and a great price for re-entry.
Upside targets are: .65, .75, .90, 1.00, and $1.25
I wish you all the best traders. Follow this post as I update throughout.
$LINK.X, LINK Breaking out of Raising Wedge?Hi Community,
LINK's recent drop came after breaking out a 2-week long raising wedge. After recharging at the $20-$21 range, price started to range within another raising wedge. I am new to trading but I read that raising wedges during a downtrend signal likely further drops. The price seems it has already broken out the wedge (confirmed). If I am correct with this, we should see LINK price fall down to the $21-$23 range.
Currently, RSI<50 and price is below all EMAs.
What do you see?
Still learning here, so any constructive feedback and positive vibes are welcome.
Thank you and happy trading!
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Needless to say, this is not financial advice!
BTC Next Global Target!Let's take a look at the Bitcoin price action history since 2017. We can notice that the price formed the important Fibonacci levels with the swing high of 2017 ATH and swing low from the beginning of the 2019.
When the price correction occur in January 2021 it found strong support exactly at 1.68 Fib level ($30000). This was the sign of the current bull rally continuation. Now the price broke through the 2.61 Fib level ($46000). The next target is the 3.61 Fib level ($64500). In case of the new price correction if the price find support at the $46000 the bull run continue with high probability. As a result the possible zone of the further price action is a green box.
This is global analysis. We will do more precise analysis next time.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Drop. Bounce. Then? Up to 60k OR further down?
Ascending wedge is at least reason to be cautious here traders.
Futures are shorting at 50k. If it gets past that price they are in trouble. They will fight to stay below this level.
A healthy correction is needed anyways. We are over-extended. Personally, I will lose confidence if we continue up without some sort of correction here.
Shooting star candle on the 4 hr.
Other indicators showing bearish divergence (i.e. - volume)
A good target for re-entry would be 37-40k. We will bounce. Maybe almost all the way back to 50k? At this point, the market will have to decide whether it will continue it's ascent to 60k or will it drop further, like to 30k or so?
For now, safest options are to bet on a correction and then a bounce. After this, I will re-evaluate and go from this point.
Best of luck traders!
Incoming breakout from previous highsAs we can see in the chart, the price action is forming higher highs and getting closer to ATH. It recently broke out from the channel and even retested the support.
Since its coming off of a flag formation the target will be around $.48
Note:
This is my idea and not a financial advice