02 Short on 15min - 010322BINANCE:ETHGBP
R/R ratio 1.56.
EMA 21 moving down to touch EMA 50 1D.
RSI close (yet still above) midline. It had crossed the signal line about 1.5 hrs before.
MACD crossed top-to-bottom the signal line (~40 min ago), trending down.
4H: Bull
D: Lateral
W: Lateral
ETHGBP trade ideas
01 Long 010322BINANCE:ETHGBP
R/R ratio 1.13.
EMA 21 recently crossed EMA 50 1D.
RSI above midline and signal line.
MACD above signal, trending up.
eth dropping to 1.9keth is forming a head and shoulders pattern on the daily chart, it will hit £1,900 mid march at the same time interest rates will increase.
ETH GBP on the right path ETH GBP is heading to the direction as expected hopefully after a day of fall .
ETHGBP D1 - Short SetupETHGBP D1
Again, another setup taken from last week, higher timeframe daily candles take a little longer to unfold, obviously. However, new week, it's important to highlight the full watchlist from the start and follow through what unfolds as expected!
More aggressive selling pressure on ETH as compared to BTC. Hopefully we see a bounce from £2300 up towards maybe £2500, before then selling off and breaking £2300 support with the potential to head down towards that £2000 region.
ETHGBP D1 - Long Setup (DCA)ETHGBP D1
Very much the same investing stance on ETH as we have on BTC. We are looking for these daily support trading zones where we can look to average our entries to increase our position size.
The first support region (DCA entry point) would be £2350 ish, or as low as possible around the support region, you'll note we dipped to £2300.
A break beyond this trading zone would take us to around £2000, which again, would be a region where we look to further DCA.
Typically DCA on funds closed from previous highs and overperforming instruments. Close high, add low.
ETHGBP D1 - Short SetupETHGBP D1
Until we see a nice shakeup, I think I'll just pick one or two of the bunch that are most technically pleasing and clear.
Crypto has been sluggish for the last couple of months after general all time high threats across the Crypto board.
Looking for deeper corrections generally across the Crypto space, BTC $40k, ETH £2k and others to follow suit. We have seen the start of the corrective/reversal play.
ETH broken away from bitcoinDuring BTCs flash crash causing the rest of the market to fall didn't impact ETH as much as it impacted the rest of the alt coins. eth has been on a steady rise since January. when ETH broke out of this channel and reached a previous ATH it shortly after fell within the channel. Furthermore, when ETH fell below the channel it soon re-entered the channel on a push up to its latest ATH. If ETH continues within this channel it will soon see new all time highs.
Eth prediction for the next few daysI’m hoping this way is the way will be heading in the next moves
ETHGBP D1 - Long SetupETHGBP D1
Very similar play here on ETHGBP, pushing towards that top end resistance again with the potential to set new ATH's.
Rejections could be seen around £3kGBP. But we still need to solid and convincing break and retest, anything other than this, we personally sit on the sideline, unless we pull back to 2300, likewise BTC $50k, so we can then still buy from support.
I think this could the case for ETH GBPI think this could the case for ETH GBP, let see, I hope I’m right
ETH/GBPEthereum looks like its on its way to £3000
my bullish analysis could predict so hopefully.
any opinions about my analysis feel free to comment below.
The Crypto Planet